Average Weekly Earnings

This is a discussion on Average Weekly Earnings within the General Trading Chat forums, part of the Reception category; Always up and down for me, but always positive since I began trading thankfully. Right now I average about $4600 ...

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Old Feb 8, 2011, 3:39pm   #46
Joined Feb 2011
Re: Average Weekly Earnings

Always up and down for me, but always positive since I began trading thankfully. Right now I average about $4600 a week per $100k account. That is with a risk management of no more than 1.6% risk per trade.
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Old Feb 8, 2011, 3:44pm   #47
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Re: Average Weekly Earnings

You're making 240% a year risking only 1.6% per trade? Sounds good.
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Old Feb 8, 2011, 3:45pm   #48
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Re: Average Weekly Earnings

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You're making 240% a year risking only 1.6% per trade? Sounds good.
That is with a larger account. And several trades a day of course When I first started with a $20k account I never risked more than 5% a trade.
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Old Feb 8, 2011, 3:52pm   #49
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Re: Average Weekly Earnings

What drawdown would you anticipate/have you experienced whilst making >200% a year?
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Old Feb 8, 2011, 3:59pm   #50
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Re: Average Weekly Earnings

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What drawdown would you anticipate/have you experienced whilst making >200% a year?
Maximum drawdown I have had while giving recs is 15% and that was a bad bad stretch. Some winners thrown in there, but overall was not a good month. To be realistic I would say someone should plan for 30% max drawdown in an account, but after 15% I stop for the whole month. (only happened once) At 30% and 2 months of bad trading you are doing someting wrong. So a vacation would be needed

Of course, like I said before, if you have a large account you have the advantage of trading small 2-4 lots on a 100k account and still making 200% with very small risk.
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Old Feb 8, 2011, 4:12pm   #51
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Re: Average Weekly Earnings

The average return/drawdown ratio for the top CTA funds over the last twenty years is around 1.5, and this includes some of the very best managers in the business.

You've achieved a ratio of 16, well done.
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Old Feb 8, 2011, 4:24pm   #52
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Re: Average Weekly Earnings

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The average return/drawdown ratio for the top CTA funds over the last twenty years is around 1.5, and this includes some of the very best managers in the business.

You've achieved a ratio of 16, well done.
I would suspect their large orders influence what they do some. I am a small trader in comparison and do not have thousands of followers, so can do some things they can't I suspect I get a hint of sarcasm, but that is ok. I update everything live so people can see for themselves. Now if a large fund wants to hire me for a few mil a year...I am willing to take them up on that offer
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Old Feb 8, 2011, 4:26pm   #53
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Re: Average Weekly Earnings

You risk 1.6% per trade and make 240% a year, only experiencing a 15% drawdown.

Sure ..
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Old Feb 8, 2011, 4:27pm   #54
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Re: Average Weekly Earnings

Where's the website, I'll happily take a look.
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Old Feb 8, 2011, 4:41pm   #55
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Re: Average Weekly Earnings

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Originally Posted by meanreversion View Post
You risk 1.6% per trade and make 240% a year, only experiencing a 15% drawdown.

Sure ..
It's ok, I would be skeptical also considering it is trading. I didn't start out making 240% a year from the very first trade lol.

Website is www.livetradingzone.com You can do a free membership to see the trades live and then you can see if you want. If not then no harm, no offense.
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Old Feb 8, 2011, 4:49pm   #56
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Re: Average Weekly Earnings

When did this website start?
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Old Feb 8, 2011, 5:02pm   #57
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Re: Average Weekly Earnings

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When did this website start?
I had an advisory service for 3 years with emails and live chat. My members suggested I started an actual website so we created one recently and it has been up since beginning of Jan when the trading record starts.
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Old Feb 8, 2011, 5:08pm   #58
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Re: Average Weekly Earnings

On the website it says your P/L for January is +$29,416 yet your sig says +$38,386?
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Old Feb 8, 2011, 5:10pm   #59
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Re: Average Weekly Earnings

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On the website it says your P/L for January is +$29,416 yet your sig says +$38,386?
Add the Automatic Program silver trades below the 2011 records. That is something I designed myself and run it everyday.
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Old Feb 8, 2011, 5:13pm   #60
 
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Re: Average Weekly Earnings

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Originally Posted by tomorton View Post
Average Weekly Earnings in the UK are around £500 (recent figures, Office of National Statistics).

Who earns at least this amount from trading?

(I don't).
I make about £73 per week after losses etc
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