what is your monthly and year profit in %?

Cipp

Newbie
9 0
The % is a very important indicator of performance in trading.
What is the medium % profit do you have every month or year?
Or if you have a jurney about % earnings, feel free to post it here.
Thank you!
 

FXX

Experienced member
1,156 198
Still early days as I have been trading for a year in October but up over 100% in 11 months. I started with 400 and its 893 now trading at 10 pence per pip. Its probably beginner's luck although I hope not and only time will tell if I make it or fall apart. I thinks it's a good result although I have seen people make 30% a week but they are massively leveraged and do it in 1 to less than a handful of trades.

I am keen to hear how others are doing.
 

NVP

Legendary member
37,124 1,918
Still early days as I have been trading for a year in October but up over 100% in 11 months. I started with 400 and its 893 now trading at 10 pence per pip. Its probably beginner's luck although I hope not and only time will tell if I make it or fall apart. I thinks it's a good result although I have seen people make 30% a week but they are massively leveraged and do it in 1 to less than a handful of trades.

I am keen to hear how others are doing.
hey FXX

from your posts ....I'd thought you had been around the block a lot more than that .........you are kicking butt dude ...excellent (y)
 

NVP

Legendary member
37,124 1,918
no one will last making big % returns off low numbers of trades ......the odds will kill you eventually ............you need minimum 100 trades to see if a system is working and that assumes you are trading it 100% effectively with no deviations or execution errors.......1,000 is better to see what % return is being generated

N
 

FXX

Experienced member
1,156 198
hey FXX

from your posts ....I'd thought you had been around the block a lot more than that .........you are kicking butt dude ...excellent [emoji106]
I have been in the industry for many years but only trading very recently. Thanks I just hope its not going to go downhill when I try increase size. I suspect the hardest challenges lie ahead.
 

NVP

Legendary member
37,124 1,918
I have been in the industry for many years but only trading very recently. Thanks I just hope its not going to go downhill when I try increase size. I suspect the hardest challenges lie ahead.
aaahh...yep i thought i had seen that you had background.........good hunting
 

Pat494

Legendary member
14,076 1,449
Good question.
I think the yardstick to measure one's trading efforts is being able to beat the usual dividend paid out by Funds. This is normally up to about 9 % per year. They do of course have to make more to pay their staff etc.
However if one has a good week on the forex market for instance this figure can easily be surpassed per week and exceptionally in a day.
 

tomorton

Legendary member
7,617 1,042
I log profits over various periods but not as a % of account. In any case, though I do log these things, and win rate etc., I don't ever think about them month-end to month-end, I think there is a danger of becoming fixated on a statistic and you can even start gaming your own plans to make each one a blue figure not a red one.
 

barjon

Legendary member
10,386 1,606
I log profits over various periods but not as a % of account. In any case, though I do log these things, and win rate etc., I don't ever think about them month-end to month-end, I think there is a danger of becoming fixated on a statistic and you can even start gaming your own plans to make each one a blue figure not a red one.
Aye, I know what I need to take from a winning trade to keep my account ticking along and what I will lose on losing ones. Keeping broadly to historic win rate is pretty key to this so keep a close eye that.
 

sideways-sid

Active member
110 10
Average P&L across 37 trades during the last four months was 49.7%.

Average duration was 31 days, giving an easy approximation of monthly P&L.

Further details in my Trading Journal.
 

tomorton

Legendary member
7,617 1,042
The % is a very important indicator of performance in trading.
What is the medium % profit do you have every month or year?
Or if you have a jurney about % earnings, feel free to post it here.
Thank you!

You don't need to know whatever the hell anyone else makes. Get on with it.
 

sideways-sid

Active member
110 10
no one will last making big % returns off low numbers of trades ......the odds will kill you eventually ............you need minimum 100 trades to see if a system is working and that assumes you are trading it 100% effectively with no deviations or execution errors.......1,000 is better to see what % return is being generated

N
I completely agree.

Net P&L must consistently exceed cost of capital over a statistically significant period of backtesting AND over a statistically significant number of trades.
 

FXX

Experienced member
1,156 198
my account in the last 3 months - i really wish i didn't have to close my account with my prev broker because it would show me being up over 160%. I see myfxbook is asking me to register for copy trades as my account meets their requirements. Maybe one day but not just yet
 

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NVP

Legendary member
37,124 1,918
my account in the last 3 months - i really wish i didn't have to close my account with my prev broker because it would show me being up over 160%. I see myfxbook is asking me to register for copy trades as my account meets their requirements. Maybe one day but not just yet
very respectable .....what are you mainly trading FXX ?
 

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