Performance Level Of An Exceptional Trader

This is a discussion on Performance Level Of An Exceptional Trader within the General Trading Chat forums, part of the Reception category; Originally Posted by Depth Trade Currencies Thats interesting, I also trade currencies and I am doing very well although I ...

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Old Jul 6, 2011, 8:12pm   #25
 
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Originally Posted by Depth Trade View Post
Currencies
Thats interesting, I also trade currencies and I am doing very well although I am only executing off the 4 hour chart. Typically I get an average of 4 trades a month at an average of 100 pips a trade ( not always though, sometimes I have a week with no opportunities). I haven't tried to scale my time frame down to see if I could achieve more trades. Maybe one day, for now at least I am definitely on track towards a bright future in this business.
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Old Jul 6, 2011, 8:47pm   #26
 
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Re: Performance Level Of An Exceptional Trader

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100% increase on a good week is totally possible.
As an example, I am up +27% right now with 7 positions open, risking 1% on each position and the week is still going. If I upped each position to risk 3% per trade, I could easily clear +100%.
My risk for the week right now is 7%, if I upped my risk to 21%, it could be to much, but the way I see it, each position is independent.
Still working out the best parameters to trade my system.
To answer your question, anything is possible, I don't put any limits on what is possible.

If one knows exactly why the market is moving, I think on could risk one trade at 1% risk and return 25%^^
Why not?
Good to see people doing well, and lol i'm surprised people haven't flamed you and told you that you are doing something wrong

To answer the question myself, i'd say 1%+ a day is very respectable and is achievable, i have seen daytraders do much more
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Old Jul 6, 2011, 8:57pm   #27
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Re: Performance Level Of An Exceptional Trader

i've sort of come to the conclusion that money gain is more important than % gain .

It's just better imo to risk a dollar amount you're okay with, rather than a % of your account.
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Old Jul 6, 2011, 8:57pm   #28
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Re: Performance Level Of An Exceptional Trader

You'd be wise to take with a large pinch of salt everything eveyone says on here regarding their performance.
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Old Jul 6, 2011, 9:01pm   #29
 
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Re: Performance Level Of An Exceptional Trader

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You'd be wise to take with a large pinch of salt everything eveyone says on here regarding their performance.
That's the great thing about Forexdesk, we know who's for real here on T2W
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Old Jul 6, 2011, 9:07pm   #30
 
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Re: Performance Level Of An Exceptional Trader

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i've sort of come to the conclusion that money gain is more important than % gain .

It's just better imo to risk a dollar amount you're okay with, rather than a % of your account.
I agree with you if one is trading an under funded account, but if you get into higher numbers where your gain is more than you really need and is well beyond a couple of percentage points, why get yourself into a hole.
If you have a 10k account and a day job, sure risk 10%
...but do you really want to risk 100k on a 1mln. account?
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Old Jul 6, 2011, 9:14pm   #31
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Re: Performance Level Of An Exceptional Trader

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Originally Posted by Depth Trade View Post
I agree with you if one is trading an under funded account, but if you get into higher numbers where your gain is more than you really need and is well beyond a couple of percentage points, why get yourself into a hole.
If you have a 10k account and a day job, sure risk 10%
...but do you really want to risk 100k on a 1mln. account?
I wouldn't do that, i'm just saying , with a 1mil account someone might only want to risk 5k rather than ' 2%'
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Old Jul 6, 2011, 10:50pm   #32
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Re: Performance Level Of An Exceptional Trader

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Good to see people doing well, and lol i'm surprised people haven't flamed you and told you that you are doing something wrong

To answer the question myself, i'd say 1%+ a day is very respectable and is achievable, i have seen daytraders do much more
Half a percent to 1% per day is exceptional year on year..as for messing around in contests and stuff 400%+ in a month is doable..for the month, many bimbos can do 250%, it means fook all..I've done the bimbo thing.

Now then, if you find anyone on currensee who's doing the kind of figures depth charge reckons are possible (month in month out) they'd have a following stretching around the globe, and they'd be on there not Fordexdesk and they wouldn't be on here competing for braggings rights, using a micro account, to win a dab radio style prize each month...
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