I used to know a guy back in the day who was a really skilled day trader.

He’d been trading for a few years, became profitable and wanted to go full-time in trading.

The only problem was:

• He had a $50k trading account
• His living expenses were $2k/month

This meant that he’d have to gain 4% each month just to cover his living expenses - and with paying taxes it was realistically 6-7%.

So he needed a 6-7% gain each month just to cover his expenses.

Not to get rich.

Not to grow his account.

Just to pay rent, food and basic bills.

With NO margin for errors allowed.

And the thing is - he had actually been averaging 6-7% a month for the previous few months - so he thought it was all good.

So he quit his job and started trading full-time.

• Month 1 → +8%
• Month 2 → +6.7%
• Month 3 → -4.6%

Just like that, after one bad month he was scrambling trying to pay his bills and asking friends and family for loans.

Trading full-time is a different game.

The pressure is much higher - since every trade you lose might mean not being able to pay a bill that month, or buy food.

That’s why you should never start trading full-time if you’re undercapitalised.

Personally, I think your monthly living expenses should be 1% of your capital.

So if you spend $5k/month - your personal OR prop firm capital should be $500k minimum.

This means all you need is 1% a month to pay for your bills - and anything over that you can save and re-invest.

Don’t make the mistake of going full-time in trading before you’re ready.

Please build your capital first.

It might take longer, but it will also save you so much stress and pain in the long run.
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