I hear both sides of this argument.
10%/Month IS Achievable!
Poor Yardstick.
My Monthly Overhead is $X,xxx.00 which covers Mtge, Utilities, Insurance, Professional Fees {Lwyrs & Accountants etc}, Vehicles, Groceries, Data Feeds, Newswires, Web fees.... Kids...and the list goes on.
Any Month that returns more than $X,xxx.00 is a profitable one. It has no bearing in my initial account balance. A profitable Month could be 1% Profit on Account or may need to be 30%. You will only know After you do Your Math and measure it against the size of your Acct.
Oh oh... sounds like I'm talking MM is more important than %/Month.
and guess what? your right.
Do like your wife does, (or your Mom told you to do) {no chauvinism intended} draw up a budget of all known costs and add 10% for the stuff you missed and another 10% for unexpected expenses.
When you can average > than that number on a consistant basis, your almost hatched into FT Trading. Will you still care what %/Month Return that is? I doubt it.
$0.02 CAD {oh, wait a minute, I guess I can just about drop the CAD bit. }
10%/Month IS Achievable!
Poor Yardstick.
My Monthly Overhead is $X,xxx.00 which covers Mtge, Utilities, Insurance, Professional Fees {Lwyrs & Accountants etc}, Vehicles, Groceries, Data Feeds, Newswires, Web fees.... Kids...and the list goes on.
Any Month that returns more than $X,xxx.00 is a profitable one. It has no bearing in my initial account balance. A profitable Month could be 1% Profit on Account or may need to be 30%. You will only know After you do Your Math and measure it against the size of your Acct.
Oh oh... sounds like I'm talking MM is more important than %/Month.
and guess what? your right.
Do like your wife does, (or your Mom told you to do) {no chauvinism intended} draw up a budget of all known costs and add 10% for the stuff you missed and another 10% for unexpected expenses.
When you can average > than that number on a consistant basis, your almost hatched into FT Trading. Will you still care what %/Month Return that is? I doubt it.
$0.02 CAD {oh, wait a minute, I guess I can just about drop the CAD bit. }