I was just wondering how would you calculate trading a certian % of your account. example how would you calculate trading 1% of a 300 balance account. Thanks in advance for any help
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Quoting ElectricSavantDislikedFranz,
Hogwash...show me the consistent money.
Michael B.Ignored
Quoting diallistDislikedHow'd you get to be so smart Merlin? Was it from hanging around guys like me?Ignored
Quoting abobtraderDislikedThink about some of the best peforming funds in the world. The Soros', the Buffet's, the Victor Niederhoffers (both in his old life and his new life), the Renaissance Capitals etc etc. Unless they are hiding something, even the best of the best bringing home not much more than 35% pa on average. This should tell us something if we intend on staying in the game over the long-term.
My only caveat is here is fund size. Buffet and others have noted that smaller players can better exploit opportunities without running up against constraints, and so may be able to enjoy a better rate of return on their capital. I know there are some out there (Chaffcombe for one) who are currently doing amazingly well.
: )Ignored
Quoting dvescioDislikedI agree 100%. But you know for sure that this 5%/day thing is nuts when you look at the yearly result of such a goal. 5 days a wekk at 5%/day is 1300% annually. Who is Franz kidding? Is this possible? Sure, with insane levels of risk that happen to work in your favor a few times but i'm pretty sure you will not live to see many more trading days with that kind of risk.Ignored
Quoting Franz ShoarDislikedOne thing you all miss is that there are people like me around and it is hard to believe that we do get 5% per day. There is always a trick to any kind of skill that make you a master. If majority knows it then the balance of 90% lose money and 10% make money will be shaken. It is all within your mind how to see the success in this industry. 1300% very low end figure in my book but I go along with that. I am going to bring your attention to next issue of Traders World magazine article on yours truly and the journalist also was witness the 5% achievement several random days and how it can be done, but do not forget this is the game of strong minds. It took me 10 years just to understand this last part, and then there was no way back.Ignored
Quoting Franz ShoarDislikedOne thing you all miss is that there are people like me around and it is hard to believe that we do get 5% per day. There is always a trick to any kind of skill that make you a master. If majority knows it then the balance of 90% lose money and 10% make money will be shaken. It is all within your mind how to see the success in this industry. 1300% very low end figure in my book but I go along with that. I am going to bring your attention to next issue of Traders World magazine article on yours truly and the journalist also was witness the 5% achievement several random days and how it can be done, but do not forget this is the game of strong minds. It took me 10 years just to understand this last part, and then there was no way back.Ignored
Quoting narafaDislikedIMHO, 5% per day is way too much. I have a monthly, quarterly, semi-annual and annual percentage targets. Tell you what, my MONTHLY target is around 5%, and I am wondering how I am going to achieve this target consistently with the least possible risk, that's what I am actually searching for right now.Ignored
Quoting abobtraderDislikedMy good man, I do not doubt your honesty but I have never witnessed such a thing. I say if you can produce these kinds of returns, stop posting on this web-site. Set up a hedge fund immediately and watch the money roll in. With these kinds of returns you can charge 40% of profits instead of the usual 20%. If you are consistent, the surplus liquidity in this world will have a new home: your fund. You will become one of the most powerful investors in existence.Ignored
Quoting ElectricSavantDislikedIf I wrote a book, I would write about how to concentrate on Drawdown first and foremost....Ignored
Quoting ElectricSavantDislikedMerlin,
Hmmm...Romad....I need to put that column on my spreadsheet...but it is only a one...too embarrassingIgnored
Quoting abobtraderDislikedSet up a hedge fund immediately and watch the money roll in. With these kinds of returns you can charge 40% of profits instead of the usual 20%.Ignored
QuoteDislikedIf you are consistent, the surplus liquidity in this world will have a new home: your fund. You will become one of the most powerful investors in existence.