FAQ Realistically, How much Money can I Expect to Make?

Sep 26, 2012
53
1
18
www.facebook.com
#46
My trading accuracy is nothing to boast its less than 50% but variability of position size usually helps. N = Normal Size , 1/2(N) = Conservative Size , 2(N) = Aggressive Size. Honestly speaking we just have to accept that we are not Einsteins and just put on trades without thinking of results. Technical Analysis can only help in terms of risk analysis for me personally. Take for example i am Bearish on Nickel , base metal, but i am trading it Long on conservative size LOL!
 
Oct 10, 2012
6
0
11
#48
No its not $ LOL! Its in INR , In $ terms average is close to 120 per day. In 2013 i have not had a single red day because i have diversified in my trading, i am trading 10 markets now. Index Futures/Index Options/USD/Euro/GBP/JPY/Crude Oil/Nickel & Natural Gas
hi nikhil,How many trades do u do everyday ?. You seem to be a scalper. I am an NRI and do trade nifty options ,Tata motors futures & Dlf . I earn on average £ 80 to £100 . Why dont you specialise one single market? I hope ,you dont get offended. cheers (y)
 
Sep 26, 2012
53
1
18
www.facebook.com
#50
On an average 4 trades per market. I trade 8 markets and it depends on which market is active. I am now going live another system for Stock & FX which is long term in nature in comparison to current one. Lets see how it works out in live, Simulation Longs hit rate is 55% [1.8:1 Reward/Risk profile] & Short hit rate is 43% [3:1 Reward/Risk Profile] .
In Crude Oil/Natural Gas/Nickel i have specialized and i usually go to them when i am down in other markets. Wall St $180k sounds good but for me it stopped being about money last year. I trade 15 hours on weekdays and 4 hours on Saturday not for money. The more we think about money more it will continue to evade :LOL:

I am in simulation phase for Options. Out of 10 markets i am live on 8 for Intraday
 
Last edited by a moderator:
Mar 31, 2013
3
0
11
#51
This is a very interesting and factual thread. I could spend a lot of time reading through.

For me, to put it simply, If you would like to know the amount of money that you expect to make, the Demo trade, demo trade, demo trade. I have read a few points that I agree with here.

You do need to have (or learn) a certain mentality

You do need to be prepared to take risks.

I follow a set of rules that myself which are always changing to benefit my trading style..

Here are some of them:

1. Always use a stop order

2. After 3 losing trades in one day, Stop Trading!

3. Once my target is hit I will stop trading for the day.

4. My risk on any one trade will not exceed 5% of my account.

5. Always ask myself if I am trading for the right reasons.

:)
 
Apr 6, 2013
2
1
13
#52
I think realistically and generally, you should expect to lose money ... because on average traders lose money. However, this is a generalization and you might have a system that works really well. In which case, I would encourage you to back test your system and use the demo for your system for a period of time across a small number of markets, get the returns number and apply a healthy discount to it (because when you put real money down and have emotions attached to it), and that is how much you can expect to make.
 
Likes: WR1
Apr 10, 2013
22
0
11
#53
Enjoyed your first comments T2W bot. The short answer is you'll lose money as much as you can stomach. I don't think there is a new trader that ever had a profitable first year beyond luck. How much $ can be made..how good are you at detecting the dominant trend?
 
Oct 9, 2012
63
5
18
#54
I think realistically and generally, you should expect to lose money ... because on average traders lose money. However, this is a generalization and you might have a system that works really well. In which case, I would encourage you to back test your system and use the demo for your system for a period of time across a small number of markets, get the returns number and apply a healthy discount to it (because when you put real money down and have emotions attached to it), and that is how much you can expect to make.

To add to what fred says try not to think about how much you are going to make, try to think about protecting your capital. Every year I see people getting really down because their stops get hit then see them elated because they are up £100 in a day. Its not your lover, its just a piece of money.
If you are trading a leveraged product then risk no more than 1-2% of your capital. That way you'll sleep ok . Its not easy but write down a plan every day, if you feel emotional or attached to the market then just remember that is the quickest way to blow up your account. :cool:
 
Last edited by a moderator:

samirs

Active member
Apr 16, 2011
507
47
38
#55
you are not likely to get answer to these questions on a message board
a) no one is really open to the world on their finances
b) even if someone comes along he will be decimated in micro seconds - usually rightly so for the claims they may make

Also what others make or think they or others can make has no bearing whatsoever on how much you would actually make or lose. It is better to quit before it is too late and even better never to start. This is one addiction worse than all others put together - more for your near and dear ones than yourself.
 

neil

Well-known member
Nov 19, 2001
5,169
744
173
#56
People are not going to tell you how much they earn via trading !!
But you will get a lot of Vendors popping up to offer you the holy grail (for a fee).

About time the Mods. pulled the plug on these pointless, vacous posts and promoted more posts designed to improve traders to the point where they might (well 5% anyway) actually earn money trading after a long period of struggle and experiment. Hang on in there Lord Flasheart - a thread showing people making live trades, warts and all.
 

tony1979

Active member
Jul 29, 2011
112
22
28
#57
The reality is this; there might be 0.5% at most here who have gained, from april '12-april '13, profits greater than £8,105, which is where tax kicks in if you're a self-employed trader. Those in this select group have paid their dues in a number of different ways, and sacrificed just about everything else in order to reach a level where one grumbles about having to pay the taxman; it's a nice problem to have! So, one has to forget about the money to start with, as it'll only get in the way of doing the right things trading-wise. Keep the risk small and learn as much as possible off tiny accounts, which will inevitably be blown up numerous times, and then maybe after 3/4 (probably 5+ though) years of toil, you might be in a position to start considering income, tax and the "problems" of running a successful business.
 
Jun 20, 2013
13
0
11
#58
The reality is this; there might be 0.5% at most here who have gained, from april '12-april '13, profits greater than £8,105, which is where tax kicks in if you're a self-employed trader. Those in this select group have paid their dues in a number of different ways, and sacrificed just about everything else in order to reach a level where one grumbles about having to pay the taxman; it's a nice problem to have! So, one has to forget about the money to start with, as it'll only get in the way of doing the right things trading-wise. Keep the risk small and learn as much as possible off tiny accounts, which will inevitably be blown up numerous times, and then maybe after 3/4 (probably 5+ though) years of toil, you might be in a position to start considering income, tax and the "problems" of running a successful business.
Right on Tony1979! And that's just the beginning of a totally new set of challenges. Challenges you never thought will have now that the money is coming in.....but, it's fun once you overcome them and you are ready for the next new and bigger set...and on and on :)
 

Hoggums

Well-known member
Jan 24, 2006
2,173
877
123
#59
For those of you new and want to realisitcally know what your chances are watch the video on the link below. Steve Sedgewick questions the CEO of IG Markets and pushes for a answer to the question "How many of your clients are making money?" - finally the CEO gives an honest answer after several attempts to avoid the question...

Falling revenue no long-term trend: IG Group CEO - CNBC
 
Last edited by a moderator:

Babyblush

Active member
May 9, 2013
132
4
28
#60
For those of you new and want to realisitcally know what your chances are watch the video on the link below. Steve Sedgewick questions the CEO of IG Markets and pushes for a answer to the question "How many of your clients are making money?" - finally the CEO gives an honest answer after several attempts to avoid the question...

Falling revenue no long-term trend: IG Group CEO - CNBC
It would have been nice of you if you could state the answer for us here, anyways now that the link has been given will look into it to find out the answer.