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Trading "business?" what is your turnover and profit margin?

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  • I have made money trading consistently for more than a year ?
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  • #1
  • First Post: Edited Jul 11, 2017 3:22am Jul 6, 2017 3:22am | Edited Jul 11, 2017 3:22am
Many of the people on here claim that they treat trading like a business. It is my not secretly held opinion that the majority of "traders" in the retail space are nothing more than gamblers in denial. So in the spirit of altruism by helping a few break their addiction, if this is your business, tell us your turnover and the profit margin on that turnover. I expecting a pretty empty thread, prove me wrong
I live entirely from the growth of my personal trading account
  • #2
  • Jul 6, 2017 5:09am Jul 6, 2017 5:09am
I think you're right, this thread is going to be empty of people showing you their accounts and financial status.

The idea of the business mindset in trading shouldn't just be taken as black and white audited P/L. The business mindset also relates to how a person approaches the task of setting up and running his business.

In the real world there seems to be roughly two types of business people: those who have a business idea, wish to exploit that idea in the market place and get on with it taking full responsibility for themselves, including the prospect of failure. Then there's those who wish to work for themselves, have an idea of the sort of business they want to be involved in but need the safety net of a higher authority. These are the sort of people that buy franchises.

Members of these forums seem to fit roughly into these two categories. There are those who have clearly accepted the business task of self-responsibility for their learning and are just getting on with it. Then there are those buying into courses and paying others members for access to stratagems. In other words; they're looking for the safety-net of the franchise option.

In business, anyone offering a franchise is legally bound to make their accounts and financial status available upon request. They're also required to provide details of any litigation that relates to the operation they've been involved in. In my view, the same rule should apply here to those selling signals and courses etc. On that basis I'd say your thread would be better placed in the commercial section, and let's see if anyone answers you there.
  • #3
  • Jul 6, 2017 5:38am Jul 6, 2017 5:38am
In the spirit of practising what I preach here are my numbers.

I currently trade only fixed priced Forex binary options :-

Turnover Profit Margin
2016 £1,163,217.15 £67,891.02 5.84%
2017 £985,245.68 £25,496.22 2.59% to 5th July 2017
I live entirely from the growth of my personal trading account
  • #4
  • Jul 6, 2017 6:38am Jul 6, 2017 6:38am
Quoting GuyBaker
In the spirit of practising what I preach here are my numbers. I currently trade only fixed priced Forex binary options :- Turnover Profit Margin 2016 1,163,217.15 67,891.02 5.84% 2017 985,245.68 25,496.22 2.59% to 5th July 2017
you calculate your profit as percent from the turnover, not the balance/equity?
the turnover are by automatic 2 times more then you normal can have wins from it (because its calculated by amount going in and out).
scalpers would have with your calculation extrem little profit in percent, because they trade billions turnover per year and have often under 1 mio win per year.
  • #5
  • Jul 6, 2017 6:59am Jul 6, 2017 6:59am
Drawdown 5% max. Profits geez about 1000%

understand the insto game and the world is yours.
Dukas trader doesnt get this. He still thinks volume means nothing. He thinks spot market is the real deal.
  • #6
  • Jul 6, 2017 7:03am Jul 6, 2017 7:03am
Quoting dukas_trader
{quote} you calculate your profit as percent from the turnover, not the balance/equity? the turnover are by automatic 2 times more then you normal can have wins from it (because its calculated by amount going in and out). scalpers would have with your calculation extrem little profit in percent, because they trade billions turnover per year and have often under 1 mio win per year.

In a sense it does not matter what the numbers are, my point is people in general are not aware of the fundamentals of their "business"
I live entirely from the growth of my personal trading account
  • #7
  • Jul 6, 2017 7:04am Jul 6, 2017 7:04am
Quoting WolGod
Drawdown 5% max. Profits geez about 1000% understand the insto game and the world is yours. Dukas trader doesnt get this. He still thinks volume means nothing. He thinks spot market is the real deal.

"insto game"?
I live entirely from the growth of my personal trading account
  • #8
  • Jul 6, 2017 7:05am Jul 6, 2017 7:05am
Quoting WolGod
Drawdown 5% max. Profits geez about 1000% understand the insto game and the world is yours. Dukas trader doesnt get this. He still thinks volume means nothing. He thinks spot market is the real deal.
oh man the puny god again.

are you not bored that i kicked in each conversation your ass, you lost always, then run away like a little girl, and after weeks you come back to lose again?
you and 1000% win? you have 1000 usd because you lost all in trading because of your stupid trading, then you faked that you good educated by an good trader (who will denied it always when he read your bullshit :-) ), then you show stupid trades, then you have mistakes over mistakes in your threads, i needed to correct you in 90% of your posts because of your bullshit time...... endless list.,

and you beginner trader, with no money will have 100% drawdown with 5 % win with much luck. funny that you liar are back now after some weeks again, clown time now, lets entertain :-). you will lose discussion like you did 5 times before baby god.

i believe many loser can learn trading and maybe have luck, but you loser are impossible to win, you are even by charakter impossible to win any discussion. you lose in whatever topic you be. did you see this? funy.
  • #9
  • Jul 6, 2017 7:11am Jul 6, 2017 7:11am
Quoting dukas_trader
{quote} you calculate your profit as percent from the turnover, not the balance/equity? the turnover are by automatic 2 times more then you normal can have wins from it (because its calculated by amount going in and out). scalpers would have with your calculation extrem little profit in percent, because they trade billions turnover per year and have often under 1 mio win per year.

I do both calculations, and more, I know my exact win loss rate, my turnover, my maximum draw down from any peak, you know me I record everything from every angle I can think of, my point with this thread is any businessman knows his turnover, gross profit and profit margin, these are fundamental numbers to running any business, the vast majority of people on here are kidding themselves, if I can shake a few out of denial and they either give up or learn how to trade profitably then my job as Forex Jesus is done ))))))
I live entirely from the growth of my personal trading account
  • #10
  • Jul 6, 2017 7:20am Jul 6, 2017 7:20am
Quoting GuyBaker
{quote} I do both calculations, and more, I know my exact win loss rate, my turnover, my maximum draw down from any peak, you know me I record everything from every angle I can think of, my point with this thread is any businessman knows his turnover, gross profit and profit margin, these are fundamental numbers to running any business, the vast majority of people on here are kidding themselves, if I can shake a few out of denial and they either give up or learn how to trade profitably then my job as Forex Jesus is done ))))))
of course you know the turnover, because your commission will be calculated for this, and there are big differences for different turnover levels in commission.
but for more then commission calculation i dont use this turnover number. i use only profit and drawdown, if enough statistic value because of many wins and losses.
  • #11
  • Jul 6, 2017 7:23am Jul 6, 2017 7:23am
Quoting dukas_trader
{quote} of course you know the turnover, because your commission will be calculated for this, and there are big differences for different turnover levels in commission. but for more then commission calculation i dont use this turnover number. i use only profit and drawdown, if enough statistic value because of many wins and losses.

Yeah in principal people can calc these things, but you will notice this thread is not overflowing with response
I live entirely from the growth of my personal trading account
  • #12
  • Jul 6, 2017 7:32am Jul 6, 2017 7:32am
Quoting GuyBaker
{quote} Yeah in principal people can calc these things, but you will notice this thread is not overflowing with response
many are new, many dont care, many even dont know what is turnover.
  • #13
  • Jul 6, 2017 7:52am Jul 6, 2017 7:52am
Quoting dukas_trader
{quote} many are new, many dont care, many even dont know what is turnover.
Turnover will be about $10m a year you dukas?
  • #14
  • Jul 6, 2017 7:54am Jul 6, 2017 7:54am
Quoting dukas_trader
{quote} of course you know the turnover, because your commission will be calculated for this, and there are big differences for different turnover levels in commission. but for more then commission calculation i dont use this turnover number. i use only profit and drawdown, if enough statistic value because of many wins and losses.
Drawdown? Drawdown is for idiots. Takenthe loss if you understand. Probability of trade should be 90%+
but you would only have that number if you use volume and understood auctioning of price. which sadly dukas does not. O well
  • #15
  • Jul 6, 2017 7:55am Jul 6, 2017 7:55am
Quoting dukas_trader
{quote} many are new, many dont care, many even dont know what is turnover.
Yeah, well if they don't know what turnover is, I think my point is made
I live entirely from the growth of my personal trading account
  • #16
  • Jul 6, 2017 7:56am Jul 6, 2017 7:56am
Quoting WolGod
{quote} Drawdown? Drawdown is for idiots. Takenthe loss if you understand. Probability of trade should be 90%+ but you would only have that number if you use volume and understood auctioning of price. which sadly dukas does not. O well

lol

Guess I am an idiot then...
I live entirely from the growth of my personal trading account
  • #17
  • Jul 6, 2017 8:15am Jul 6, 2017 8:15am
Quoting WolGod
{quote} Turnover will be about $10m a year you dukas?
oh oh, puny god girl.

15-60 billion, but play around in your fool pool as long as you wish.
  • #18
  • Jul 6, 2017 8:20am Jul 6, 2017 8:20am
Quoting WolGod
{quote} Drawdown? Drawdown is for idiots. Takenthe loss if you understand. Probability of trade should be 90%+ but you would only have that number if you use volume and understood auctioning of price. which sadly dukas does not. O well
haha, drawdown is for idiots. then i am biggest idiot, because all my strategies are calculated for this, all professionals i know are calculated for this, all traders in win are calculated for this.

only not you, but why? because you are bad and no professionel or only a troll? you decide...

by the way, i have 75-90% hit rate, but often not so easy to count because of many strategies used. i dont use any volume ( i am not this stupid level like you, using stupid thinks in forex market, when volume is only to see in little future market against big spot market invisible, i always need to laugh about this stupid sentence from you). maybe you should got to other markets then currencies, so your volume is more important. but you cant know. clown troll as always.
  • #19
  • Jul 6, 2017 8:48am Jul 6, 2017 8:48am
Quoting dukas_trader
{quote} haha, drawdown is for idiots. then i am biggest idiot, because all my strategies are calculated for this, all professionals i know are calculated for this, all traders in win are calculated for this. only not yo u, but why? because you are bad and no professionel or only a troll? you decide... by the way, i have 75-90% hit rate, but often not so easy to count because of many strategies used. i dont use any volume ( i am not this stupid level like you, using stupid thinks in forex market, when volume is only to see in little future market...
Lol i love it. Volume
in spot market cant be used? Is that what youre saying?

You at best make 2:1 a month at 45% probability come in be real. What control have you got over daily charts?? . I make 5-10:1 a day. YES a day. Banks/instos MUST facilitate trade everyday. I feel
sorry for you. All that wrk on fibs and macds ehen the real game is much much simplier
  • #20
  • Jul 6, 2017 8:51am Jul 6, 2017 8:51am
Quoting dukas_trader
{quote} oh oh, puny god girl. 15-60 billion, but play around in your fool pool as long as you wish.
15-60 billion? Lol holy shit you look stupid right now

and btw when i say no drawdown. I mean no sitting around waiting. Yes of course theres drawdown.
BIG Drawdown constantly - is idiocy.
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