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All moments › Michael Burry Is Getting Squeezed — And He Just Doubled Down

Even 50% annual returns on $10k account insufficient if withdrawing $3,000 monthly; withdrawals destroy account growth.

From Michael Burry Is Getting Squeezed — And He Just Doubled Down · jumps to 1:07:11 · speech

▶ Open at 1:07:11 on YouTube
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Your trading account is now $15,000. Now, if you're just spending this to live over that time, great. You've now compounded your account to 15k. But if you have to withdraw from this account to live, you're [ __ ] Like you're [ __ ] This is not nearly enough money to trade full-time. Cuz if your monthly living expenses are $3,000, you need to be making so much money from trading that you can cover your monthly expenses without really damaging your account at all. I think the math to profitability and when you should trade full-time uh is completely um it's completely misrepresented online.
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