Day Trading & Forex Forum

CityTrader

Just wondered where on earth you got this snippet of info?

CT

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Remember.. Buy on the red, sell on the blue....

orion69

"if I were trading with say £10m capital, would you be impressed if I said I was making £200k+ per year? what if I only had £10k in my account instead?"

M D,

You have surprised many with that quote/post!

You dont impress me much [in voice of Shinia Twain]


069

the blades

Hello CT,

I suspect timsk was offering some possible reasons why, rather than stating facts, though I could be wrong.

Merry Christams to one an all.

UTB

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you fill up my senses

orion69

Hello friend.

Your question is good and it deserves a good honest reply. It shows you want to learn how best to trade by picking the brains from other traders but most on here are unwilling to share their knowledge or trades with others, especially with the newbies.

Dont be discouraged by their replies, please continue to post and you will meet one or two that are happy and willing to teach you.
I belong to a special group trading club whereby we all share our trades and we explain why we have selected those trades.

I manage several accounts for friends and clients on power of atorney. This means i open and close trades on all those accounts. The account holders can also trade on those accounts if they wish. The account holders ONLY can withdraw money from the account and NO other.

I trade mainly derivatives. I have been trading since 1984. You can contact me thru Socrates or Mr charts should i in future get banned on here.

All my acounts are available for inspection. For the last 3 years every account including my own have produced profits of over 50%gains.

You can contact me by PM [private mesage] if you wish should you have any questions and i will not reply by riddles or parables or insults.



Kind regards and happy new year.

O69

damianoakley

Hi Quick,

The general consensus of replies on this thread seems to be that you should be measuring returns based on percentages instead of actual currency - I tend to agree.

As was stated earlier, someone could say "I make £100k per year" from trading, which sounds great.....until you find that they are trading with total capital of £10m - this means that they have only made a 1% return all year.

To answer your question in percentage terms, I normally make about 50% return on my capital each year. My best ever year was 108%. People will judge my typical 50% return in different ways. For me, I am pleased with such a return because I only spend 1 hour a day at the markets to achieve this return. However, for an active intraday trader who is at the computer for several hours a day, they would proably view this return as quite low for the hours they are putting in.

If you are interested in how much people are making from trading, I recommend that you also consider what hours those people have to put in to achieve their returns.


Thanks

Damian

Directional

a hypothetical example demonstrating the difference the amount of starting capital makes when factoring possible returns.

I would not be expecially impressed if someone with $10m in their futures account were only making $200k, however I would be much more impressed if $200k returns were being made on a $10k account.

The first example demonstrates a 2% return per year... which for $10m you could probably get much better return from a bank with only nominal risk exposure.

the second example demonstrates 2000% return.

Which is better?

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orion69

MD,

We know which is better! We also know that 5,000 % is also better than 2,000%
What Mr Quickg wanted to know is what you are making in percentage returns each year. He is not asking for hypothetical /stupid replies. The guy is genuinely seeking info and knowledge to advance his understanding further.

O69

Directional

good, well if the OP understands the difference the amount of starting capital makes on the ease or difficulty with which he might make the >$200k he mentioned in his example, then he will have further advanced his understanding & knowledge as you suggest, would you agree?

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"I guess I should warn you: If I turn out to be particularly clear, you've probably misunderstood what I said." - Alan Greenspan