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

  • #101
  • Jul 10, 2017 3:48am Jul 10, 2017 3:48am
I am not clear what you are saying here... please can you explain. Faced MC???? Manage what the 100k investment??? I am guessing English not your first language? Please can you simplify your post?


Quoting Fedricks
Its fairly easy to say that but to actually manage it is long shot. When I said I am able to generate that return, its not like without any loss. I have often faced MC, but managed it somehow, so you cant expect to manage it with 100k investment as the mindset is different in that place. Actually, its very much unsustainable since mostly its trading through major events like NFP and such, so one wrong move and it can leave me in difficult situations.
I live entirely from the growth of my personal trading account
  • #102
  • Jul 10, 2017 7:15am Jul 10, 2017 7:15am
Quoting Fedricks
Its fairly easy to say that but to actually manage it is long shot. When I said I am able to generate that return, its not like without any loss. I have often faced MC, but managed it somehow, so you cant expect to manage it with 100k investment as the mindset is different in that place. Actually, its very much unsustainable since mostly its trading through major events like NFP and such, so one wrong move and it can leave me in difficult situations.
is it martingale? because then this situations like you described happen often.
  • #103
  • Jul 11, 2017 10:57am Jul 11, 2017 10:57am
Quoting simond2002
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...

Your point about regulation of the signal, course, software and "Guru" provision is an excellent one. I might even be motivated to write to the FCA (UK regulator) and suggest such a thing, there are so many charlatans in this business making unscrupulous profits from the naive.
I live entirely from the growth of my personal trading account
  • #104
  • Jul 11, 2017 12:10pm Jul 11, 2017 12:10pm
Quoting GuyBaker
{quote} Your point about regulation of the signal, course, software and "Guru" provision is an excellent one. I might even be motivated to write to the FCA (UK regulator) and suggest such a thing, there are so many charlatans in this business making unscrupulous profits from the naive.
I'm not one for over-reaching financial regulation but yea, for sure, those selling trading signals should be mandated to provide verifiable trading results upon request because, as we know, their company accounts vs. trading results accounts may tell two quite different stories.
  • #105
  • Jul 12, 2017 12:55am Jul 12, 2017 12:55am
I see it like this: the idiot just wants to get rich quick, the guru simply says "ok but give some money to me too, not just to the broker".

I think you should face the fact that YOU're the idiot/guru.. only then you can consider yourself "wise".. sry to say.
  • #106
  • Edited 1:38am Jul 12, 2017 1:14am | Edited 1:38am
Quoting RondaRousey
{quote} So your real agenda is to offer a signal service? Charlatans diss other charlatans.
No my real agenda is to help others onto the right path, there is nothing wrong with signal services if they are genuine or software training or gurus for that matter, my point is the majority (all actually i have come across) are not real or audit-able in any way, they prey upon the naive and desperate.
I live entirely from the growth of my personal trading account
  • #107
  • Edited 1:39am Jul 12, 2017 1:17am | Edited 1:39am
Quoting HeyYou
I see it like this: the idiot just wants to get rich quick, the guru simply says "ok but give some money to me too, not just to the broker". I think you should face the fact that YOU're the idiot/guru.. only then you can consider yourself "wise".. sry to say.
Truth in what you say. To become a successful trader requires and open mind and a long hard honest look in the mirror. I have found true self reflection a skill rarely found, and not just in trading
I live entirely from the growth of my personal trading account
  • #108
  • Jul 12, 2017 2:03am Jul 12, 2017 2:03am
Quoting RondaRousey
{quote} To be the best, beat the best
Your strap line by the way "To be the best, beat the best" is a truism:-


From google :-
truism
ˈtruːɪz(ə)m/
noun

  1. a statement that is obviously true and says nothing new or interesting.
    "the truism that you get what you pay for"
    synonyms:platitude, commonplace, clich, hackneyed/trite/banal/overworked saying, stock phrase, banality, old chestnut, bromide; More
  2. LOGIC

    1. a proposition that states nothing beyond what is implied by any of its terms.


I did another post on empty platitudes, you could put your two penneth worth in there as well if you like

I live entirely from the growth of my personal trading account
  • #109
  • Jul 12, 2017 6:02pm Jul 12, 2017 6:02pm
Quoting GuyBaker
{quote} Your strap line by the way "To be the best, beat the best" is a truism:- From google :- truism ˈtruːɪz(ə)m/ noun a statement that is obviously true and says nothing new or interesting. "the truism that you get what you pay for" synonymslatitude, commonplace, clich, hackneyed/trite/banal/overworked saying, stock phrase, banality, old chestnut, bromide; More LOGIC a proposition that states nothing beyond what is implied by any of its terms. I did another post on empty platitudes, you could...
LOL.

Since you see your trading as a business and every business as a valuation. What is your EA, automated system worth if you were to sell it and walk away?
You came here for the truth and let me unveil it for you
  • #110
  • Jul 12, 2017 6:50pm Jul 12, 2017 6:50pm
Quoting RondaRousey
{quote} LOL. Since you see your trading as a business and every business as a valuation. What is your EA, automated system worth if you were to sell it and walk away?
Why did you delete your previous post?
  • #111
  • Jul 12, 2017 6:52pm Jul 12, 2017 6:52pm
Quoting RondaRousey
{quote} LOL. Since you see your trading as a business and every business as a valuation. What is your EA, automated system worth if you were to sell it and walk away?
Why did you delete your previous post?
Quoting RondaRousey
{quote} So your real agenda is to offer a signal service? Charlatans diss other charlatans.
  • #112
  • Edited Jul 13, 2017 1:48am Jul 12, 2017 9:16pm | Edited Jul 13, 2017 1:48am
Quoting RondaRousey
{quote} LOL. Since you see your trading as a business and every business as a valuation. What is your EA, automated system worth if you were to sell it and walk away?
Difficult question. Say 10 times profit, and there are in principal limits to maximum profit from this particular method. This really comes down to what I would walk for, say £2.5 million.

Then I could then put that on my other system which hopefully will past forward testing next spring, on a low risk, 0.25% per trade risk, and take 15% a year from it.

You buying ?
I live entirely from the growth of my personal trading account
  • #113
  • Jul 13, 2017 12:31am Jul 13, 2017 12:31am
Quoting GuyBaker
{quote} Difficult question. Say 10 times profit, and there are in principal limits to maximum profit from this particular method. This really comes down to what I would walk for, say 2.5 million. Then I could then put that on my other system which hopefully will past forward testing next spring, on a low risk, 0.25% per trade risk, and take 15% a year from it. You buying ?
and here i thought were these guys funny that wanting to sell his indi system for 50k, or the other asking 1 million for his EA...
there is always, always another trade!!
  • #114
  • Jul 13, 2017 1:51am Jul 13, 2017 1:51am
Quoting profitfarmer
{quote} and here i thought were these guys funny that wanting to sell his indi system for 50k, or the other asking 1 million for his EA...
Well, yeah, I am under no illusion that anybody would buy it, but I believe I can make at least that much from it, it takes very little of my time, so why would I sell it for less? This thing I worked hard to create is providing myself and my family with a nice life style, if I could exit with enough cash right now I would of course take it, otherwise I will keep oiling the wheels of the machine that make me money.
I live entirely from the growth of my personal trading account
  • #115
  • Last Post: Jul 13, 2017 2:56am Jul 13, 2017 2:56am
Quoting RondaRousey
{quote} There is no doubt a good EA is valuable. How much is it is worth is debatable. P/E can be 5 to 50 depending on it's growth rate. However : Your turnover is still small. The other question is your binary trading business scalable? Can your business handle a 100 million to a billion dollar turnover?
Not it cant. Of course if it could £2.5m would be a triffle

i estimate my total profit per year might be limited to £250k it might be a lot more but i can feel confident of that, thus 10 x possible max profit £2.5m my turnover thus far has only been limited by the amount capital i had availbe to risk on this project as i set my trade unit size to no more that 1% of my available cash
I live entirely from the growth of my personal trading account
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