Jduester
no objection to what BJohn's comment, it is absolutely correct, giving the market of nonlinearity a frame of linear objective is no different than a trading strategy by moving average or so forth, which I gave up already.
taking whatever the market is willing to give and make oneself available is the proper way to react to any opportunity one can persue. I fully understand the point.
so, basically, I am not setting a monthly target to achieve. what I am referring to is what goal one can achieve in 5 year time, by going through monthly ups and downs, but, with compound monthly rate of 7% on average in the end. my bad , I didn't express this point in an explicit manner.
I don't believe in you might be motivated enough to take higher risk but end up with much less reward as a business goal. we are in business, right? so, we need to see a business reason, otherwise, just concentrate on the job working for an organization, unless one has no choice.
Edit: when one has a prelimiary long term goal which is convincingly realisable and worthy the effort, he would know a reasonable ground anywhere near around, then won't feel panic and be urged to overtrade, after seeing a flat equity curve for months, for instance, coz he knows what the edge is capable of bringing into his account in long run.
no objection to what BJohn's comment, it is absolutely correct, giving the market of nonlinearity a frame of linear objective is no different than a trading strategy by moving average or so forth, which I gave up already.
taking whatever the market is willing to give and make oneself available is the proper way to react to any opportunity one can persue. I fully understand the point.
so, basically, I am not setting a monthly target to achieve. what I am referring to is what goal one can achieve in 5 year time, by going through monthly ups and downs, but, with compound monthly rate of 7% on average in the end. my bad , I didn't express this point in an explicit manner.
I don't believe in you might be motivated enough to take higher risk but end up with much less reward as a business goal. we are in business, right? so, we need to see a business reason, otherwise, just concentrate on the job working for an organization, unless one has no choice.
Edit: when one has a prelimiary long term goal which is convincingly realisable and worthy the effort, he would know a reasonable ground anywhere near around, then won't feel panic and be urged to overtrade, after seeing a flat equity curve for months, for instance, coz he knows what the edge is capable of bringing into his account in long run.
DislikedKrue
I would fully agree with what BJohn wrote on this topic. I have an idea of what is possible for my specific strategy based on my demo results, but I don't focus on the results. I focus on being patient and disciplined to only take the best setups. By doing that, the results will speak for themselves.
Your post reminds me of something Jarroo wrote a while back... Always remember this quote...Ignored