Realistically, How much Money can I Expect to Make?

This is a discussion on Realistically, How much Money can I Expect to Make? within the New to Trade2Win forums, part of the Reception category; Originally Posted by Dubai Sorry to drag this up but that is complete nonsense especially in regards to many market ...

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Old Aug 12, 2011, 1:30am   #25
 
esscubed's Avatar
Joined Jul 2011
Re: How much money can I realistically expect to make?

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Originally Posted by Dubai View Post
Sorry to drag this up but that is complete nonsense especially in regards to many market makers and bucket shops.

Read your fine print and you'll find that the other person on the end of your trade is your broker. If you win, they lose, you lose they win.

Why do you think IG slip you at every chance possible?

Only ECNs and STPs provide opportunities where your broker isn't on the other end.
To add to that, as the original comment also jarred with me from a logic point of view, just because you sell at a higher price than you bought (hopefully), this doesnt imply the buyer is making a loss does it?

This would imply financial markets are a glorified pyramid scheme (/ponzi scam) and there is no wealth creation?

Correct me if I'm wrong, I'm still evolving from monkey trader status.

S
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Old Aug 12, 2011, 2:45pm   #26
 
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Re: Realistically, How much Money can I Expect to Make?

I feel as if the title to this thread may have put people off.
As that is the only way I could see why more people have not read and repsonded to this thread which probably contains the most important information any trader could have.

T2W Bot is absolutely correct when speaking about focusing on your risk and don't even begin to dream of profits. One thing I will say however is that in my own opinion I think that the common wisdom of low risk being 2% of your trading account per trade is dangerous. I'd highly recommend dropping that number as low as possible, preferrably below 0.05%!!!!
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Old Aug 12, 2011, 11:34pm   #27
Joined Jan 2011
Re: Realistically, How much Money can I Expect to Make?

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I feel as if the title to this thread may have put people off.
As that is the only way I could see why more people have not read and repsonded to this thread which probably contains the most important information any trader could have.

T2W Bot is absolutely correct when speaking about focusing on your risk and don't even begin to dream of profits. One thing I will say however is that in my own opinion I think that the common wisdom of low risk being 2% of your trading account per trade is dangerous. I'd highly recommend dropping that number as low as possible, preferrably below 0.05%!!!!
Balls. Go all in on your first trade. Who knows, you might get lucky.
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Old Aug 12, 2011, 11:37pm   #28
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Re: Realistically, How much Money can I Expect to Make?

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Balls. Go all in on your first trade. Who knows, you might get lucky.
That's certainly the optimum strategy when playing a game with a negative edge. I'm amazed more people dont do it.
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Old Aug 15, 2011, 3:43am   #29
Joined Mar 2010
Re: Realistically, How much Money can I Expect to Make?

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That's certainly the optimum strategy when playing a game with a negative edge. I'm amazed more people dont do it.
Works at the casino more often than not.
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Old Aug 18, 2011, 1:49pm   #30
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Re: Realistically, How much Money can I Expect to Make?

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Originally Posted by ProfessorK View Post
One thing I will say however is that in my own opinion I think that the common wisdom of low risk being 2% of your trading account per trade is dangerous. I'd highly recommend dropping that number as low as possible, preferrably below 0.05%!!!!
might as well put your money in a savings account and agree that speculation is not for you
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Old Aug 18, 2011, 1:52pm   #31
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Re: Realistically, How much Money can I Expect to Make?

The OP got this one right >>> Don't focus on the $$$ and the $$$ will follow
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Old Oct 17, 2012, 4:22pm   #32
 
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Re: Realistically, How much Money can I Expect to Make?

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The OP got this one right >>> Don't focus on the $$$ and the $$$ will follow
Yes so true , earlier i had crazy expectations like daily i will earn 10k in a single day and such thinking results in more losses than gains unfortunately , the more we think about risk more we get rewarded for it. I will tell you the change for me personally from 10k "daily targets" i toned down to 625 which is more realistic and achievable on a daily basis. In a nutshell having realistic expectations is better for one's mind , body and soul.
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