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How much do you want to make and why do you want to make it

  • Post #1
  • Quote
  • First Post: Oct 29, 2019 5:07pm Oct 29, 2019 5:07pm
expectation,,,,, what are they ?
I want to grow my account to a point am able to make a minimum of 150 million dollars in a month from 2500 pips, i know in a good month i should gather upto
4000 pips but on the minimum am saying 2500 pips. No matter how bad the month is i should be able to go home with 2500 pips. Because of this goal
am i forced to learn a lot about liquidity, etc, so am not speaking from a newbie or novice stand point, have also design a path or know how that will take me there. Then until i reach that point i won't say am a wealthy trader.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
I try to set real goals, which are achievable thanks to my capital and the time I spend on trading. I don't live with the hope that everything will be just great just because I feel comfortable thinking so. Then I will turn into an ordinary dreamer who has no idea what he's doing. And that's not the way out for me. Especially since trading is a major source of income. The only thing that helps me not to relax and generally stick to all the rules - is that I have the mandatory minimum that I have to get. And even if I have had a difficult month and have not traded much, it acts as a motivation and I do my best to reach the necessary level of profitability.
Quoting Squiggles
expectation,,,,, what are they ?
//----

hey jason.... good questions...... hope you get some good answers......

expectation,,,,, my expectation in forex accounts is 10% per month non compounded....

what are they ? ...... using my 2020 account as example, it would be 2000 per month..... the reason for the non compounding facet is that the difficulty decreases with time.....

why do you want to make it...... 2 reasons of equal weight..... to prove quietly to myself it can be done in a simple laid back carefree hayseed friendly manner.....and to buy more tractors, equipment and such.....

how much do you want to make..... i'm not short on money..... but if i had to put a $ value, 5,000 a month feels right.....

math, logic and problem solving have always appealed to me..... forex makes that appeal pay dividends....h
to trade and code, keep both simple... no call to impress....h
Great answers..good luck
Gr88888
I remember way back when I was in college my goal was 50 dollars a day. That would cover all my rent/food/bills for the month. I now work in supply chain management friday-sunday and my goal is to at least match my salary. My schedule allows me to be a full time trader during the week. So far I'm able to at least make enough to pay my mortgage and all my bills. In the last few months Ive been focusing on my account size and compounding my earnings. I'm happy with how its going so far... goal is just stay safe and profitable.
Quoting martinez1
I want to grow my account to a point am able to make a minimum of 150 million dollars in a month from 2500 pips, i know in a good month i should gather upto 4000 pips but on the minimum am saying 2500 pips. No matter how bad the month is i should be able to go home with 2500 pips. Because of this goal am i forced to learn a lot about liquidity, etc, so am not speaking from a newbie or novice stand point, have also design a path or know how that will take me there. Then until i reach that point i won't say am a wealthy trader.

oh.....
For you to achieve this goal, while trading EURUSD, with 1:30 leverage, you will need to have minimum 24 million USD in your account.

well , wish you good luck.....
Quoting sarvesh2509
{quote} oh..... For you to achieve this goal, while trading EURUSD, with 1:30 leverage, you will need to have minimum 24 million USD in your account. well , wish you good luck.....
Yea, am fine with the amount, knowledge, strength and every other thing i need to seek and acquire to get to this point in trading. Thank you for wishing good luck
but how about you? why do you trade? you have not said anything about yourself
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting martinez1
I want to grow my account to a point am able to make a minimum of 150 million dollars in a month from 2500 pips.

How far away are you from your goal, in years?

My minimum goal is a net 200k per a calendar day.

Unfortunately, me is probably some 10+ yrs (at least) away from that.
IQ 69. Bang_OO_Mangos.
Quoting martinez1
I want to grow my account to a point am able to make a minimum of 150 million dollars in a month from 2500 pips, i know in a good month i should gather upto 4000 pips but on the minimum am saying 2500 pips. No matter how bad the month is i should be able to go home with 2500 pips. Because of this goal am i forced to learn a lot about liquidity, etc, so am not speaking from a newbie or novice stand point, have also design a path or know how that will take me there. Then until i reach that point i won't say am a wealthy trader.
You may start drinking less.
Quoting martinez1
{quote} Yea, am fine with the amount, knowledge, strength and every other thing i need to seek and acquire to get to this point in trading. Thank you for wishing good luck but how about you? why do you trade? you have not said anything about yourself
will b happy to make 10-20% every month consistently.....Compounding will take care of the rest.
Quoting sarvesh2509
{quote} will b happy to make 10-20% every month consistently.....Compounding will take care of the rest.
Yea, Compounding is one of my weapons / tools. it makes the job easier going by one day at a time
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting MoneyZilla
{quote} How far away are you from your goal, in years? My minimum goal is a net 200k per a calendar day. Unfortunately, me is probably some 10+ yrs (at least) away from that.
MoneyZilla, well i won't say am 10 years far but am very far, as we all know trading is marathon not a sprint
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting lddd
{quote} You may start drinking less.
Hahahahahahah, i like your sense of humor or what ever your reply meant but unfortunately i don't drink or smoke. Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • Post #15
  • Quote
  • Last Post: Feb 23, 7:25am (35 hr ago) Feb 23, 7:25am (35 hr ago)
My story is very trivially, in order to achieve a really goal, that needs to be taken in stages. I changed my long-term trading to medium-term 2 years ago and now I want to reach a stable result and double the balance every year.
P.S. I believe that the dream ceases to be it, as soon as someone else finds out about it, so dream but do not specify. This is yours.
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