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20% per month. Is this possible?

  • #41
  • Sep 30, 2007 3:41pm Sep 30, 2007 3:41pm
20% a month compounds to 1000% in a year - i did it from October 2005 to November 2006 - did 10k to 100k just 4 weeks later than a year.

It's possible but very volatile

i blew almost 70% of that in the following few months trying to repeat the 20% a month from 100k to 1mio

still batting though and managed 125% in august! so back on track in a way, just more cautious this time.
https://linktr.ee/Soultrader
  • #42
  • Oct 1, 2007 3:30pm Oct 1, 2007 3:30pm
I have in the past returned 20% plus for 6months, but this was in the mini s&p scalping for most of my trades.

20% can be done, but a couple of things on top of the good info already suggested, your style must be conducive to making gains consistantly to aim for a constant return over time. Home runs here and there are great bonuses, but get a few trades that will be your bread and butter.
The 2-5% risk is not always followed. But this is also why some can turn small sums into a lot, but also why they have a higher chance of blowing up.
  • #43
  • Edited Jul 29, 2008 12:06am Jul 28, 2008 10:54pm | Edited Jul 29, 2008 12:06am
I seen ppl get over 100% a month with little drawdown Dude anythings possible Dont let anyone one here tell you anything else
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  • #44
  • Jul 29, 2008 5:47pm Jul 29, 2008 5:47pm
Quoting Xenaga03
I was reading one of the Market wizards book and some of the traders have taken their personal accounts of a couple of thousand dollars and turned it into over $100k in a couple of years. One or two of them ended up blowing it and starting all over but I noticed that the gains diminished after the 100k point.

Also, Larry Williams have turned $10k to $1 million in 1 year...
His daughter did the same afterwards, and two people are able to do it so it is learnable.

I know that I am no supertrader, but one can still hope
Good stuff, Looked up Larry and here is the wikpedia:



In 1987, Williams won the World Cup Championship of Futures Trading, sponsored by Robbins Trading Company, trading $10,000 in real money to $1,147,000 in 12 months – a feat no one else has come close to matching. Williams ran his winnings to more than $2,000,000 by the end of September, dropped down to $750,000 after the October '87 crash, and traded back to the $1,147,000 mark by the end of the year.

 In 1997, at age 16, his daughter, Michelle, won the same competition with exactly 1000 percent returns on her US$10,000 investment.[2] As of 2006, Larry Williams' 100-fold gain is the highest in that competition. [3]
The World Cup Championship event is regulated by both the National Futures Association (on whose board Williams has served) and the Commodity Futures Trading Commission.

In 1998, he received Futures magazine's First Doctor of Futures Award. The following year, he received Omega Research's Lifetime Achievement Award.
He is credited with having developed different indicators including:

  1. Williams %R
  2. Ultimate Oscillator

Larry Williams and Robert Cornuke once embarked on a journey to confirm the Bible as historically accurate and detailed their findings in the books The Mountain of Moses: The Discovery of Mount Sinai (1990), In Search of the Mountain of God: The Discovery of the Real Mt. Sinai and a DVD called Mountain of Fire[4] where they document what they claim to be the real Mount Sinai.


Interesting stuff!



.

  • #45
  • Jul 29, 2008 11:30pm Jul 29, 2008 11:30pm
Quoting Pip Ventures
Good stuff, Looked up Larry and here is the wikpedia:



In 1987, Williams won the World Cup Championship of Futures Trading, sponsored by Robbins Trading Company, trading $10,000 in real money to $1,147,000 in 12 months – a feat no one else has come close to matching. Williams ran his winnings to more than $2,000,000 by the end of September, dropped down to $750,000 after the October '87 crash, and traded back to the $1,147,000 mark by the end of the year.

 In 1997, at age 16, his daughter, Michelle, won the same competition with exactly 1000 percent returns on her US$10,000 investment.[2] As of 2006, Larry Williams' 100-fold gain is the highest in that competition. [3]
The World Cup Championship event is regulated by both the National Futures Association (on whose board Williams has served) and the Commodity Futures Trading Commission.

In 1998, he received Futures magazine's First Doctor of Futures Award. The following year, he received Omega Research's Lifetime Achievement Award.
He is credited with having developed different indicators including:

  1. Williams %R
  2. Ultimate Oscillator

Larry Williams and Robert Cornuke once embarked on a journey to confirm the Bible as historically accurate and detailed their findings in the books The Mountain of Moses: The Discovery of Mount Sinai (1990), In Search of the Mountain of God: The Discovery of the Real Mt. Sinai and a DVD called Mountain of Fire[4] where they document what they claim to be the real Mount Sinai.


Interesting stuff!

What's even more interesting is that the Forex competition winner this year I believe only had a 104% growth. Futures (according to that competition) seem to be where the money is made.

edit: also to mention that she did NOT take $10k to $1 Mil like her father. She went from $10k to $110k. Her father yielded gains of 11,000+%, she was at 1,000%
  • #46
  • Jul 30, 2008 12:53am Jul 30, 2008 12:53am
Quoting soultrader
20% a month compounds to 1000% in a year - i did it from October 2005 to November 2006 - did 10k to 100k just 4 weeks later than a year.

It's possible but very volatile

i blew almost 70% of that in the following few months trying to repeat the 20% a month from 100k to 1mio

still batting though and managed 125% in august! so back on track in a way, just more cautious this time.

SoulTrader,

Your story about your returns is inspiring! I want to be in your category someday....
The way is narrow
  • #47
  • Jul 30, 2008 1:18am Jul 30, 2008 1:18am
Quoting twelve.eight
What's even more interesting is that the Forex competition winner this year I believe only had a 104% growth. Futures (according to that competition) seem to be where the money is made.

edit: also to mention that she did NOT take $10k to $1 Mil like her father. She went from $10k to $110k. Her father yielded gains of 11,000+%, she was at 1,000%
Look up the contests on Oanda.

Many of the top winners made 200-500 percent in the ONE MONTH contests.

Just a thought.

I looked at the championship listed above and saw you were correct. Forex winner was only 104 % for the whole year.

Doesnt make sense.

Mike
  • #48
  • Jul 30, 2008 5:57pm Jul 30, 2008 5:57pm
Quoting Xenaga03
I am not so new to forex, but I would like to know if any professional traders have been able to consistently pull off 20% a month, at least uptil a $100,000 account. Is this possible? I am trying to figure out what my target should be monthly for my return on capital and what figures are realistic.
20% is possible in one day!
  • #49
  • Aug 13, 2011 1:42pm Aug 13, 2011 1:42pm
This is the formula for an indicator. I was just wondering could anyone tell me how to read this? Do you multiply the Open-close by the Bars Used in the Average? and then multiply the range by the bars used in average?

MovingAvg (Open - Close , Bars Used In Average) / MovingAvg
(Range , Bars Used In Average) * 100
  • #50
  • Sep 1, 2011 6:18am Sep 1, 2011 6:18am
Actually it would be great if I can make 20% per mo. consistently. that number can translate into a huge sum at the end of the year when compounded (just like other member said previously).

I saw the contest over at FXCM micro and the winners posted killer returns in a month but I wonder if they can sustain that kind of return consistently after they win the contest.
  • #51
  • Sep 2, 2011 9:11am Sep 2, 2011 9:11am
Quoting Pip Ventures
Look up the contests on Oanda.

Many of the top winners made 200-500 percent in the ONE MONTH contests.

Just a thought.

I looked at the championship listed above and saw you were correct. Forex winner was only 104 % for the whole year.

Doesnt make sense.

Mike
THese guy just took too big risk! There is no easy money, everybody wants something for nothing...
go go go
  • #52
  • Sep 3, 2011 11:17pm Sep 3, 2011 11:17pm
Quoting @40
...everybody wants something for nothing...
this is the number one attraction why people join forex - little startup money, very high leverage (compared to other financial markets) and very huge potential to make money (or lose it).
  • #53
  • Sep 4, 2011 12:38pm Sep 4, 2011 12:38pm
Why not, your investment on forex education is the key. I don't buy systems but I have developed a very simple trading plan I keep to on daily basis and My account has uped 26.29% for four month running. I hope to achieve 35% someday and I have an excellent money management techniques. I have wiped out my account three times but I'm not relenting. My focus is to trade full time for a living. Why not you. Don' t ever limit yourself, invest more in your education it is do-able even if no one ever achieved it before you. Don' t rush yourself unnecessarily, don' t do emotional trading and you are there man. To your success
Life is a wave; if you miss one there will always be another.
  • #54
  • Sep 4, 2011 1:18pm Sep 4, 2011 1:18pm
I am trading at nearly 99% success rate with a system I created on my own. I am averaging about 100 pips per day.

I do not follow what most people on here say because it seems like they are all doing the same thing and no one is making money. Thats not who I want to aspire to be so I don't follow their systems.

I have made 200 trades this month and 197 of them are profit makers while the other three were mistakes I made when pushing the buttons and I got out immediately. They lost less than a few pips each.

My goal is 45% each month. Unattainable? Maybe for most.

I have been told that I will be lucky to make 20% a year, let alone a month. Once I made my 45% in my first month, the nay-sayers began to tell me other things that I can and cannot do.

Don't worry about what others are saying unless they are making money.

I don't take golf lessons from people who can't golf well. Most people don't play golf well.

Forex has the same statistics as most things in life. 5% of people are always winning over 95% who consistently lose.

Believe you are better than others and ONLY LISTEN TO SUCCESSFUL TRADERS.

Im not stupid enough to think I will continue a streak of 45% growth each and every month but I am shooting for the stars... and if I miss, at least Ill make it to the moon. SHOOT HIGH!!!!
  • #55
  • Sep 4, 2011 1:45pm Sep 4, 2011 1:45pm
pacejordan, first all of my best wishes for your trading.

At the moment I make 0% steadily, so I am not a 'golf practitioner', let alone professional. I understand your reasoning and I think it is a good attitude (in general) to shoot high; yet, I think this thread posed the wrong question, as already noticed.

The point is: it strongly depends on the risks you are taking and how trustable is your methodology. Even 100% per day is feasible, but isolated is just an outlier.

About Oanda competition, I do not feel data are 'strange' in anyway; people tend to believe it so: because I am afraid they are victim of the too optimistic persistent return. 20% a month is EASY.

The question is: 20% a month for N months, with N>>1. Is THIS feasible?
I argue that any return greater than 0 is extremely difficult, if N is sufficiently high. If you do not have a real edge, in the long run your account will be zero: that is a fact.

Going back to Oanda: "Many of the top winners made 200-500 percent in the ONE MONTH contests. [...] Forex winner was only 104 % for the whole year"

This DOES make sense to me. You win the lottery and you have an extremely high return. Since we have so many participants, some are likely to win. Imagine this: MA crossing. Suppose you optimize it for a certain period (a posteriori) you have something extremely good (problem: you do not know the parameter a priori). Now, on converse, you have thousands of participants: for blind chance one must have used that parameter set. This happens for a month. How likely is that the same one will win the lottery again? In one year, parameters do change and most of these super-winners will tend to loose. At the end of the year the final result is expected to be less than the monthly basis, because even if you have a real edge, it is unlikely you will over-perform the lucky ones (on the monthly basis). Just my two cents.

Can you make 20% per month? YOU BET. That is my answer. As per pacejordan's criticism, I am not saying in anyway that your returns must decrease, I know nothing about your edge; I am just saying that to shoot for the stars may lead to Utopia if you do not have a realistic basis to do that. TO put returns before reasoning might be highly dangerous.
  • #56
  • Sep 4, 2011 1:56pm Sep 4, 2011 1:56pm
Thank you for your words of wisdom, seriously. I appreciate what you said and have respect for your position.

When I first started trading currencies, I had one goal. I wanted to double my money in 6 months... or somewhere around there.

I set the goal of 15-20% each month and have happily exceeded that each month.

My main worry is staying power. I worry that I will start changing things subconsciously because I am now adding lot sizes to my positions/trades.

There is a huuuge mental game I am going to be entering when I get to a certain dollar/lot/trade size.

I hope I don't screw the pooch.
  • #57
  • Sep 4, 2011 10:17pm Sep 4, 2011 10:17pm
Quoting oludon
Why not, your investment on forex education is the key. I don't buy systems but I have developed a very simple trading plan I keep to on daily basis and My account has uped 26.29% for four month running. I hope to achieve 35% someday and I have an excellent money management techniques. I have wiped out my account three times but I'm not relenting. My focus is to trade full time for a living. Why not you. Don' t ever limit yourself, invest more in your education it is do-able even if no one ever achieved it before you. Don' t rush yourself...
yes, i strongly believe that knowledge is the key and through knowledge and practice we can build experience.

Quoting pacejordan
I am trading at nearly 99% success rate with a system I created on my own. I am averaging about 100 pips per day.

I do not follow what most people on here say because it seems like they are all doing the same thing and no one is making money. Thats not who I want to aspire to be so I don't follow their systems.

I have made 200 trades this month and 197 of them are profit makers while the other three were mistakes I made when pushing the buttons and I got out immediately. They lost less than a few pips each.

My goal is 45% each month....
that is so true.
people are different and there are different types of trader in the forex market. the best thing we can do to achieve what we want is to find someone who is already there via the path that we want and learn directly under him.

...and i like your latter part...shoot high!!!

Quoting actarus
pacejordan, first all of my best wishes for your trading.

At the moment I make 0% steadily, so I am not a 'golf practitioner', let alone professional. I understand your reasoning and I think it is a good attitude (in general) to shoot high; yet, I think this thread posed the wrong question, as already noticed.

The point is: it strongly depends on the risks you are taking and how trustable is your methodology. Even 100% per day is feasible, but isolated is just an outlier.

About Oanda competition, I do not feel data are 'strange' in anyway;...
your mathematical expression is so correct, actarus.
consistency is something rare in this field. probably it's due to the ever changing market of forex. so i think a result somewhere between 5% to 30% is much more flexible and achievable in the long run rather than a fix 20%, right?

Quoting pacejordan
Thank you for your words of wisdom, seriously. I appreciate what you said and have respect for your position.

When I first started trading currencies, I had one goal. I wanted to double my money in 6 months... or somewhere around there.

I set the goal of 15-20% each month and have happily exceeded that each month.

My main worry is staying power. I worry that I will start changing things subconsciously because I am now adding lot sizes to my positions/trades.

There is a huuuge mental game I am going to be entering when I get to a certain...
More power to your trading.
I hope you can achieve or even surpass your expectation.
  • #58
  • Sep 5, 2011 2:40am Sep 5, 2011 2:40am
+20% is possible.. and -20% is possible x 10.
  • #59
  • Sep 5, 2011 5:50pm Sep 5, 2011 5:50pm
Quoting pacejordan
Thank you for your words of wisdom, seriously. I appreciate what you said and have respect for your position.

When I first started trading currencies, I had one goal. I wanted to double my money in 6 months... or somewhere around there.

I set the goal of 15-20% each month and have happily exceeded that each month.

My main worry is staying power. I worry that I will start changing things subconsciously because I am now adding lot sizes to my positions/trades.

There is a huuuge mental game I am going to be entering when I get to a...
pacejordan, that sounds awesome. One of the things I do to beat trader's psychology is for every live trade I take, I take the same trade on my demo account. I then watch only my demo account (because I don't care about it).

I can't boast 45% per month, but 20% a month is definitely possible. Below are my trades for the past 3 months (I believe it's 16% over 3 months), however, I fixed my lot sizes to 2. If I employed money management, the numbers would be much higher.

http://www.forexfactory.com/attachme...1&d=1315262583
  • #60
  • Sep 5, 2011 6:20pm Sep 5, 2011 6:20pm
Easily possible.
Starting balance £1000
weekly trades: 10
weekly winners: 6
losers: 4
Profit: 6-4=2 which equals 20%
profit on each trade: 2.5% which is 25
therefore that equals £50 for each week. therefore after a month that could be £200, 20% of your startup capital. This is easily in do-able, if you stick to money management, which is what i do.
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