A trader explains why you can't live off a $1,000 trading account. He worked a night server-monitoring job to add capital while letting profits compound, and warns that withdrawing monthly kills your growth. Most people lack the patience and humility this requires.
An average retail trader that starts trading has $1,000 in their account and they want to make a living out of trading. How do they get there? I don't know, because the majority of people don't want to put in the work and they are not so humble to work for it. Okay, for example, when I started, I was doing server monitoring at night and I saved money to fuel the account because I understood that the concept of ROI is return on investment. And we go back to the face and the fact that trading is not a cash flow business. And also, if you expect to live tomorrow out of trading. You have your account, okay? Every profit that you will make every month, you need to take out of it. And you lose the best part, that is the compound interest. So I don't have advice for people that want to start really low on capital, and the first expectation they have is to live out of trading.
