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; Ok i think this will make an interesting topic as views will vary quite a bit.... The question i'd like ...

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Old Jul 5, 2011, 10:06pm   #1
 
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Performance Level Of An Exceptional Trader

Ok i think this will make an interesting topic as views will vary quite a bit.... The question i'd like to ask you all is this:

In your opinion what performance percentage level would a trader have to achieve each month to be called an exceptional trader?

Would it be a minimum of 5%? 10%? 20%? 50%+?... What do you think would be the benchmark pcm % to be classed as 'exceptional'
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Old Jul 5, 2011, 10:12pm   #2
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Re: Performance Level Of An Exceptional Trader

Any figures you receive from your Q will be from the unexceptional.
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Thanks! The following members like this post: wackypete2 , Hoggums
Old Jul 5, 2011, 10:16pm   #3
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It depends, the greater the % the higher risks being taken which could be a good thing as long as the trader has the nuts to stomp out a loser before it breaks his account.
To me an exceptional trader isn't measured by % but rather by a perspicacious consistency of engaging the market
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Old Jul 5, 2011, 10:19pm   #4
 
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Re: Performance Level Of An Exceptional Trader

Depends how much money they're trading
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Old Jul 5, 2011, 10:19pm   #5
 
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Re: Performance Level Of An Exceptional Trader

I reckon its probably lumpier than a fixed % per month (partly what makes it much more difficult),
but this
http://www.moneychimp.com/calculator...calculator.htm
tells me the £1000 over 50 months compounded at 20% per month = £9m +
Of course Warren Buffet averages 20% a year but he's an investor and he's got far more than £1K to play with anyway.
Other than that and what you can read in Market Wizards, I could only guess...and I would guess there are a few disciplined daytraders that can make 2-3% a day.
Moneychimp compound calculator tells me that £1000 compounded at 2% a day for 400 days is £2.75M ish. Thats good going. I bet it get MUCH harder as the numbers get big.
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Old Jul 5, 2011, 10:20pm   #6
 
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Re: Performance Level Of An Exceptional Trader

Doomberg started this thread
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Originally Posted by JRP2891 View Post
Any figures you receive from your Q will be from the unexceptional.
There are some good traders on this site JR, some very good ones in fact...

And even if some unexceptional people are answering they can sure give their views on what they feel exceptional is
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Old Jul 5, 2011, 10:23pm   #7
 
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Re: Performance Level Of An Exceptional Trader

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Originally Posted by Masquerade View Post
Depends how much money they're trading
Not really imo, whether its 4 figures, 5 figures or 6 figures in their account

If the traders is using similar money management and strategies its pretty similar imo
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Old Jul 5, 2011, 10:34pm   #8
 
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Re: Performance Level Of An Exceptional Trader

Quote:
Originally Posted by Doomberg View Post
Not really imo, whether its 4 figures, 5 figures or 6 figures in their account

If the traders is using similar money management and strategies its pretty similar imo
Well that's your opinion. But the game changes when you have a trading account which runs into millions.
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