Possible gains?

Pavlec

Junior member
Messages
16
Likes
0
Hi,

I'm still a newbie but I read a lot that we expect too much return. So I want to know if with 100 000$ and risking 1% per trade(1000$) why we could not do an average of 1000$ per day or 20 000$ per month? I'm asking the veteran am I dreaming or it's possible?

Thank you
Pavlec
 
Don't worry about possible returns, focus on possible drawdowns to start with.
 
Take your 100k, put 99k into the bank, and 1k with your broker and try to see if you can make on average 10 a day. That will answer your question and won't cost you your savings.
 
So it's 3 "No it's not possible"?

Of course it's possible, although I would imagine most people would probably need to risk more like 2 or 3% per trade.

The point is that as a newbie you are looking at it in the wrong way (don't worry, everyone does this). It will be easier for you to begin to make progress if you focus less on Ferrari money and more on your risk.

This is good for your general development, will eventually help you in leaving less attractive set-ups alone, and will allow you to view the ones that went on to make big profits with equanimity.

It is also key because trading is simply about winning more than you lose - hence focus on risk and loss, and cut these wherever possible.
 
I think trying to make 20% a month consistently with that amount of capital is foolish and risky. Particularly for a newcomer.
 
I think trying to make 20% a month consistently with that amount of capital is foolish and risky. Particularly for a newcomer.

It certainly is, but for a skilled trader it is not ridiculous.

Assume you risk 2.5% per trade, you need to net 2R per week to get your 20% per month.
 
Don't worry about possible returns, focus on possible drawdowns to start with.

This goes into the top 10 of posts ever on t2w.

Acknowledging drawdown is not somehow "negative". It's a reality, so deal with it. Ask yourself "how much drawdown can I take, in order to make a certain return" rather than "how many % do I want to make a week".
 
This goes into the top 10 of posts ever on t2w.

:)

Acknowledging drawdown is not somehow "negative". It's a reality, so deal with it. Ask yourself "how much drawdown can I take, in order to make a certain return" rather than "how many % do I want to make a week".

(y)

.
 
I suppose that we could say, in addition, because 85% of traders lose money (the number is certainly much higher than 50%), simply breaking even in the first year is no bad thing .. !!
 
Hi,

I'm still a newbie but I read a lot that we expect too much return. So I want to know if with 100 000$ and risking 1% per trade(1000$) why we could not do an average of 1000$ per day or 20 000$ per month? I'm asking the veteran am I dreaming or it's possible?

Thank you
Pavlec

I dont know maybe im strange, but I really don't find trading that hard. Its 10 am im up $1500 trading one lot, DAX,6E job done.

Lodian
 
I dont know maybe im strange, but I really don't find trading that hard. Its 10 am im up $1500 trading one lot, DAX,6E job done.

Lodian

Why would you bother being a vendor in that case? This is not an attack, I'm just wondering.
 
Why would you bother being a vendor in that case? This is not an attack, I'm just wondering.

another guy raised this the other day and I said I would remove the thing Ill do it after this post lol.

And the reason I was being a vendor was to fund my account i got 50% of any sale i made for a CME product.

Lodian
 
These kind of threads set people dreaming and I estimate that we get, at least, one per week. They have, absolutely, no point because words are cheap.
 
Ahh but Splitlink remember what Sun Tzu said "Can you imagine what I would do if I could do all I can?"

I'm not sure on the relevance of that quote but it felt like something to do.

There was thread about a T2W competition which I and I believe a few others where up for but it died out quick.
 
Ahh but Splitlink remember what Sun Tzu said "Can you imagine what I would do if I could do all I can?"

I'm not sure on the relevance of that quote but it felt like something to do.

There was thread about a T2W competition which I and I believe a few others where up for but it died out quick.

No one, who trades, is interested in competitions and I think that Sun Tzu talked a lot.

I do, too, but I try not to get quoted. Most of the time you are mis-quoted and then you have to explain what you did not mean.
 
why don't we start a Poll of what your "average annual return for the last 3 years has been?" and see what we get...? ie.simply (y1+y2+y3)/3.
 
I don't see what purpose that would serve really.

The idea of the competition was to create some light, competitive behaviour , with a possible prize I believe
 
I don't see what purpose that would serve really.

The idea of the competition was to create some light, competitive behaviour , with a possible prize I believe

because people keep asking this question, so why not see what traders have actually achieved?
 
Top