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

  • #41
  • Jul 7, 2017 1:18am Jul 7, 2017 1:18am
Quoting GuyBaker
{quote} SO show us your record for the last year. Show us every single trade profit and loss.
I will if dukas trader does
  • #42
  • Jul 7, 2017 1:50am Jul 7, 2017 1:50am
Quoting GuyBaker
Many of the people on here claim that they treat trading like a business. It is my not secretly help 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

Hi GuyBaker, trading has been my business for the past 8 years or so but I don't think of it as having turnover or profit margin in the conventional sense. I just think of my account size and net profits gained from trading with that capital. If there is a concept of turnover, it's the number of trades; and my concept of profit margin would be average net points gained per trade as a % of points risked per trade. But that's just me, you could look at it in lots of valid ways.

I also think you are possibly right about the gamblers in denial suggestion for some here. There are clear similarities between trading and some forms of gambling/betting. I would make the basic distinction that gambling is risking capital where there is negative expectancy, e.g. roulette; whilst trading/speculating is risking capital where there is positive expectancy. I'm not convinced everyone here knows whether or not their trading has positive expectancy but it doesn't necessarily mean they are all gamblers in denial; we are all somewhere on a long and never ending learning curve!
  • #43
  • Jul 7, 2017 5:57am Jul 7, 2017 5:57am
Quoting marcmarc
{quote} Hi GuyBaker, trading has been my business for the past 8 years or so but I don't think of it as having turnover or profit margin in the conventional sense. I just think of my account size and net profits gained from trading with that capital. If there is a concept of turnover, it's the number of trades; and my concept of profit margin would be average net points gained per trade as a % of points risked per trade. But that's just me, you could look at it in lots of valid ways. I also think you are possibly right about the gamblers in denial...

I 100% agree with you, my posting is somewhat provocative intentionally, my plan was to shake the tree and see what falls out... as it turns out, not much of any use as expected, my hope is that some of the observers will truly take a look at what they are doing and if they are being honest with themselves.
I live entirely from the growth of my personal trading account
  • #44
  • Jul 7, 2017 6:36am Jul 7, 2017 6:36am
Quoting WolGod
{quote} Funny this ignorant fool made 6:1 this morning trading the uj.

wow, together with your many lost trades you have still your 1000 usd, right ?? or do you have lost it already many times again and again like before.

you are such a fool, but funny baby.
  • #45
  • Jul 7, 2017 6:39am Jul 7, 2017 6:39am
Quoting WolGod
{quote} I will if dukas trader does
of course you will see all from others, because you dont know anything. you really think that i show to one of the worst traders, with no basic knowledge, with volume trading in stupiest kind, with shown trades in audusd thread with near most losses and stupid sl setted,..... this fool should i shown anything, come on, not even your mama would show you her trades.

you always need to remember who you are, noone can trust you because you fake here many, be a liar and poser all day. i dont think you can trust even yourself
  • #46
  • Jul 7, 2017 6:54am Jul 7, 2017 6:54am
Quoting WolGod
{quote} I will if dukas trader does

Childish, only reinforces my point.


I will share with anyone on request, my trading log since 1 December 2015
I live entirely from the growth of my personal trading account
  • #47
  • Jul 7, 2017 7:28am Jul 7, 2017 7:28am
Quoting dukas_trader
{quote} of course you will see all from others, because you dont know anything. you really think that i show to one of the worst traders, with no basic knowledge, with volume trading in stupiest kind, with shown trades in audusd thread with near most losses and stupid sl setted,..... this fool should i shown anything, come on, not even your mama would show you her trades. you always need to remember who you are, noone can trust you because you fake here many, be a liar and poser all day. i dont think you can trust even yourself ...
youve never shown proof. Ive called trades shown trades as for audusd?? They were great trades what drugs are u on??
Kerp making your imaginary billions.
  • #49
  • Jul 7, 2017 7:38am Jul 7, 2017 7:38am
Quoting GuyBaker
{quote} Childish, only reinforces my point. I will share with anyone on request, my trading log since 1 December 2015
Youll just have to believe i make 10:1+ per week every week.
  • #50
  • Jul 7, 2017 7:53am Jul 7, 2017 7:53am
Quoting WolGod
{quote} Youll just have to believe i make 10:1+ per week every week.

Haha... What I believe is you are full of sh*t

Are you trying to set yourself up as some kind of guru? lol just have faith people, believe in me, I know best... hahahahahhahahha!
I live entirely from the growth of my personal trading account
  • #51
  • Jul 7, 2017 7:57am Jul 7, 2017 7:57am
Quoting WolGod
Hidden
why would it matter?
I live entirely from the growth of my personal trading account
  • #53
  • Jul 7, 2017 8:06am Jul 7, 2017 8:06am
Quoting WolGod
Hidden
hahahahahahah!

Just based on faith right? The internet is filled will bullshitters like you, a lot are much better at spinning though, you aren't even good at that.

If you do 20% a week why not just upload your trading statements for the last year on here for people to see, you'll make a fortune in "guru" fees, of course the reason you won't do that is because you are full of brown runny smelly stuff
I live entirely from the growth of my personal trading account
  • #54
  • Jul 7, 2017 8:08am Jul 7, 2017 8:08am
Quoting GuyBaker
Many of the people on here claim that they treat trading like a business. It is my not secretly help 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
The concept of turnover does not apply equally in all business. If you are selling airplanes (long term traders) then turnover and margins will be low. If you are selling food products (swing trading), turnover will be high, margins are low. If you are selling t-shirts (scalping), turnover will be low, profit margins high.
Ecclesiastes 1:9
  • #55
  • Jul 7, 2017 8:11am Jul 7, 2017 8:11am
Quoting newbegger
{quote} The concept of turnover does not apply equally in all business. If you are selling airplanes (long term traders) then turnover and margins will be low. If you are selling food products (swing trading), turnover will be high, margins are low. If you are selling t-shirts (scalping), turnover will be low, profit margins high.

Yes of course. Your point is what? My point is that the majority of people on here have no clue about basic business concepts and yet they claim they are in the trading business.
I live entirely from the growth of my personal trading account
  • #56
  • Jul 7, 2017 8:11am Jul 7, 2017 8:11am
I see the WolGod and dukas_trader game is on.
Attached Image (click to enlarge)
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Ecclesiastes 1:9
  • #57
  • Jul 7, 2017 8:30am Jul 7, 2017 8:30am
Quoting GuyBaker
{quote} Yes of course. Your point is what? My point is that the majority of people on here have no clue about basic business concepts and yet they claim they are in the trading business.
My point is turnover and profit margin are not enough to trade for a living without the time factor and trade size. If I only trade 2 times a year on a 10,000 account, not likely that trading can be my only source of income no matter how high my margin is unless I live in 3rd world country.
Ecclesiastes 1:9
  • #58
  • Jul 7, 2017 8:31am Jul 7, 2017 8:31am
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
LOL. With your profit margin of 2-5% you will shut up shop soon. I would not create a thread bragging about 2-5% profit margin. You really need to go to business school because your so called "sales" and profit are not impressive. You pretend to know about running a business but you really don't.

Would any investor give you money to trade to get 2-5% margin? NO
Your broker probably made the same or more.
Your profit margin is declining and so is your profit.
It's just a matter of time that you will be closed for business.
You came here for the truth and let me unveil it for you
  • #59
  • Jul 7, 2017 8:40am Jul 7, 2017 8:40am
Quoting RondaRousey
{quote} LOL. With your profit margin of 2-5% you will shut up shop soon. I would not create a thread bragging about 2-5% profit margin. You really need to go to business school because your so called "sales" and profit are not impressive. You pretend to know about running a business but you really don't. Would any investor give you money to trade to get 2-5% margin? NO It's just a matter of time that you will be closed for business.

Don't know how much you make, my friend, but I will turn over in the region of £2.4 million this year with current capital of only 200k. With compounding I achieve in the region of 100% return on investment each year. Do not want or need investors, I have some friends and family following my signals, but their money is not included in these numbers.
I live entirely from the growth of my personal trading account
  • #60
  • Jul 7, 2017 8:52am Jul 7, 2017 8:52am
Quoting GuyBaker
{quote} Don't know how much you make, my friend, but I will turn over in the region of 2.4 million this year with current capital of only 200k. With compounding I achieve in the region of 100% return on investment each year. Do not want or need investors, I have some friends and family following my signals, but their money is not included in these numbers.
I just did a quick business analysis:

Your profit margin is declining and so is your profit.
67k/200k is only about 33% in 2016 you do not make 100% per year as you have falsely claimed.

Go to business school and learn about rate of return on capital, turnover, profit margins because you have no clue.
You came here for the truth and let me unveil it for you
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