[You need money to make money in trading]After years of studying successful traders, here’s what I’ve realized,most of them have multiple sources of income.
And that’s why many professional traders do not rely on trading as their only source of income.
Don't belive me? Let me prove it to you…
Ed Seykota, a Market Wizard, has a trading tribe that costs $99/month.
Mark Minervini, a Stock Market Wizard, offers a master trader program that costs $5000.
As you can see, professional traders and hedge funds structure their trading in a way that it’s not their only source of income.
If you have multiple sources of income, then you can use the “extra” money you’ve got to increase the size of your trading account. Here’s an example, let’s say your average return is about 20% a year.
This means…
• On a $1,000 account, you’ll make about $200 per year
• On a $100,000 account, you’ll make about $20,000 per year
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