If you like to know if 10% a month is possible... ask Warren Buffet
Personal Take Profit and Stoploss (per human, not per trade) 0 replies
10% Profit Per Month 16 replies
Sorry. But you all need it. 47 replies
Sorry to disturb, but iam really confuse 20 replies
Please ignore this one....sorry 1 reply
QuoteDislikedNegative Pips = Bad Market Move Analysis (fact) = Unstable Outcome (next trade)
Dislikedhere is a direct way to answer this question....
calculate the annual gain of 10% monthly. then compare that to the best hedgefunds.
is it possible? of course. likely? hmmm...Ignored
DislikedPeople just need to stop using the word "Month" when assessing performance. In investment, we dont talk about monthly returns. It's always yearly returns. "Monthly" is for jobs with fixed salary.
The usage of word "monthly" is also a good marketing strategies for brokers and some fund managers.
What's the difference between saying
"I wanna make 120% returns a year"
and
"I wanna make 10% uncompounded monthly returns"
Same numbers .. but the latter has a wrong concept.Ignored
DislikedI really really can't believe the sort of flak Mike caught for being 100% right on every word he posted here. If the people who consistently insulted him here would have taken 5 minutes to actually look at both what they're saying/typing and to whom they're saying this I really hope they would have just gone back and pressed delete on those(their own) posts.
As it stands I was hard tempted to just press the big red warning signs on some of that stuff..call me emotional.
Jesus christ, just outright preposterous. If that's the word for it.
But I'm sure Mike can appreciate the irony that after roughly 6-10 months of most serious trading, he not only knows more, makes more, but also HELPS OTHERS MORE and in a more informed and polite manner than 90% percent of this forum (given that we have a bit over 1k members I believe(?) that % is most likely pretty darn close to being correct as well) and then ends up getting these kinds of responses still.
Small wonder people get "scared off" on the public side. I for one hope he'll just look at his current account balance, crack a smile, shake his head at this and continue to post just as much and frequently on the public side as before.
God knows most of anyone starting out here can really use it(compared to all the tons of other insubstantiated BS one can find. As he said, it's about learning to even filter out the truth from the BS in the beginning).
Pretty much reminds me of the reaction I got from a guy in the infamous "cable thread" after posting there and him seeing my "evil advertising" signature..
I'm just appalled, what can I say. IMHO some people in an ideal world would offer some rather big apologies.
Know what, I'm going to do it for them.
Mike, some people in the world don't know better and I'm sorry, because if they'd know, they wouldn't (have).
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Please don't use this as a kickoff for another 50 followups, I just really needed to post this. I'ma go hug Mike nowIgnored
DislikedI really really can't believe the sort of flak Mike caught for being 100% right on every word he posted here. If the people who consistently insulted him here would have taken 5 minutes to actually look at both what they're saying/typing and to whom they're saying this I really hope they would have just gone back and pressed delete on those(their own) posts.
As it stands I was hard tempted to just press the big red warning signs on some of that stuff..call me emotional.
Jesus christ, just outright preposterous. If that's the word for it.Ignored
Disliked"hey it can't be done because........... it's a big number, it's too much"Ignored
Dislikedi never heard anyone say that it cant be done. it certainly is possible to make 10% per month. ive done it for long stretches, and so have other traders on this board. the point being made is that its not probable, especially over 2 or 3 years. 10% per month for 12 months straight is an incredible feat. 'to look at it as "easy" or something that a novice can do, thats just not realistic'. when you get past your first year of trading, you too will understand these concepts we are trying so hard to explain to you.Ignored
DislikedIf the subject was 10%/day then I would look at whether someone could do it over months as a measure of consistency.
But since the title is 10%/month then consistency should be measured over years to make much of a statement about whether or not it is possible.
I myself, as well as someone as esteemed as Merlin, have said it is possible - just not probable. There I said it, possible, possible, possible.
But no matter the f'ing %, trading right within your own plan is the most important consideration. The money will follow. You know, am I the only one to think that pips has such a kindergarten ring to it? Hmmm.Ignored
DislikedMike I am sorry about my strong reply yesterday, I was going to pm an apology but I think you deserve this publicly.
I reacted too harshly to your wording when I should have been mature enough to realize that your intentions were what mattered ,and as is usual , your intentions were good.The fact that you are on the young side has no bearing on your ability .This is a great forum and you are a very generous contributor. RandomlightIgnored