What is your profit target each year?

What is your profit target each year?


  • Total voters
    11

yuanman xin

Newbie
7 0
Tell me about your goal. how much profit should you want to make each year? 30% ?50% ?100%? Or more than 10 times the profit.
 

Panic!

Member
70 12
Monthly target of 2%, so annualised that would be 26.82%. However, after every month I need to withdraw all my profits so there's no compounding. :(
 

Teejy88

Newbie
3 0
31-50%, will make me very happy, 3 years of that and I will be trading for a living. If anyone's goal is 1000% then they are living in a dream!
 

JBotha

Newbie
2 0
31-50%, will make me very happy, 3 years of that and I will be trading for a living. If anyone's goal is 1000% then they are living in a dream!
haha yeah seriously. Personally just 10% a year and I am happy.
 

tomorton

Legendary member
7,317 982
As has been posted already, my target is just to make more money than the year before.

Same in all fields of life though - next year should have more sex, better holidays, better food, better wine. I used to have a target to work less, and now I don't work at all.......
 

hatemypips

Well-known member
480 35
As has been posted already, my target is just to make more money than the year before.

Same in all fields of life though - next year should have more sex, better holidays, better food, better wine. I used to have a target to work less, and now I don't work at all.......
Don't feed your greed or emotions.. it can backlash painfully ;D
 

J_C_Anderson

Active member
128 21
As for me, it would be better to set targets not in profit, but in performance and consistency. This means that trader should set goals measured by progress. The profit is just the outcome that appears when you make right decisions, so the main goal is to set a process of making more right decisions.
For example, you should set goals like "Avoid emotional trades" or "Find and analyse 5 trading setups each day" or something like that. If you will set exact amount of money you are going to earn you will either be dissapointed i case of failure or will stop your progress reaching that amount.
 

NVP

Legendary member
36,749 1,878
some good posts .............as already stated targets should be set around more KPI based indicators where the trader analyses their Execution efficiency and effectiveness regarding their current trading models...

so in other words ........how good are you at executing your plan ?

entries
Exits
MM

etc etc .......

profit is an outcome .........which is always uncertain regarding market conditions ............above is much more important

so as an example if a trader is hitting 90% plus on their execution KPIs then eventually they will be doing well profit wise assuming the trading system is robust and backtested profitably already

one cannot predict if a trade will be a 1 pip profit or 500 pips profit............all you can do is be efficient and get it into profit

N
 

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