What is your weekly return? | Forex Factory

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What is your weekly return?

  • #1
  • First Post: Apr 11, 2011 3:50pm Apr 11, 2011 3:50pm
I read outlandish reports that traders are making 1000% plus return on their portfolio.

I trade live and manage (somehow) a weekly return of around 10 percent (sometimes even 15%) on my equity.

Of course some weeks I don't spot a trade and sit the whole week without turning a dime, but that is rare.

It's like pulling teeth to get that, even. Just curious how successful other live (real, actual!) traders average. I'm happy with my return rate, but maybe I'm missing something.
  • #2
  • Apr 11, 2011 3:59pm Apr 11, 2011 3:59pm
You are missing nothing believe me. If you can consistently make 10-15% a week with responsible risk parameters then you are a super hero as far as I am concerned.

I wouldn't recommend you change a thing, just stick to what is working for you!

Those reports of 1000% a month or whatever are completely ridiculous, I don't doubt someone has done that at some point but I highly doubt they have been able to sustain that, because on those sorts of returns you would have to assume their risk was quite high as well hence a few losses would wipe them out completely.

If you can consistently make anywhere from 5-10% a month you are well on your way!
  • #3
  • Apr 11, 2011 5:17pm Apr 11, 2011 5:17pm
Quoting AFX-UK
If you can consistently make 10-15% a week with responsible risk parameters then you are a super hero as far as I am concerned.
He is full of shite as far as I am concerned


Quoting AFX-UK
If you can consistently make anywhere from 5-10% a month you are well on your way!
5-10% a month would be a super hero

Get real people, no one is consistently getting 5-10% per month. I know you have all come here believing you will make at least this return but it is not realistic.

Bernie Madoff attracted millions of dollars of investment by offering just 10% per year! but the truth was he couldnt even achieve that. If you could do 5-10% per month then you are a super hero. You would be given a multi million dollar fund to manage and make the cover of forbes in your first year after doubling the account.

Does this sound real to you?
BTC Return This Year: na
  • #4
  • Apr 11, 2011 5:59pm Apr 11, 2011 5:59pm
Quoting M.A.C.Doug
5-10% a month would be a super hero
If I may direct your attention to this thread:

http://www.forexfactory.com/showthread.php?t=121761

There are many traders making far more than 5-10% a month, in fact many make more than that in a week, sometimes a day, myself included. I would be extremely disappointed with a 5% month, and that's while working a full time job.

Just because one person can't do something, doesn't mean it cannot be done, so do not be ignorant.

If these professional money managers like Bernie Madoff could make consistent profits of 10% a month, why deal with all the bullshit of running your own fund? Make yourself that kind of money from your home.

The last thing I would ever want to do is run a fund. Why?
Cap
  • #5
  • Apr 11, 2011 6:00pm Apr 11, 2011 6:00pm
i agree i think he is bullshitting,

Scalpers will compound until they reach a Max size their broker can get instant fills and thats about $700USD a point (2011).

5-10% a month is very possible with small accounts. You won't ever make it to Forbes but certainly be a millionaire.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 20.0%
  • #6
  • Apr 11, 2011 6:05pm Apr 11, 2011 6:05pm
Quoting M.A.C.Doug
He is full of shite as far as I am concerned



5-10% a month would be a super hero

Get real people, no one is consistently getting 5-10% per month. I know you have all come here believing you will make at least this return but it is not realistic.
I don't see why they shouldn't make that sort of money, it entirely depends on how you trade, risking 2% on a trade with a 20 pip stop loss you would need to make around 100 pips per week to come out with a 10% return per week. Hardly out of this world. If you risk 2% per trade and need a 200 pip stop loss then you would need 1,000 pips per week - a lot harder to keep up consistently.
Quote

Bernie Madoff attracted millions of dollars of investment by offering just 10% per year! but the truth was he couldnt even achieve that. If you could do 5-10% per month then you are a super hero. You would be given a multi million dollar fund to manage and make the cover of forbes in your first year after doubling the account.

Does this sound real to you?
Bernie Madoff didn't even try to make 10% a year he went to prison for running a ponzi which meant he wasn't doing anything with the money except paying off the older investors. Plenty of hedge funds make far more than 10% a year even though comparing those to a retail trader who frequents these forums is like apples and oranges: http://www.marketfolly.com/2011/01/2...rformance.html but like I said, its a completely different way of trading that shouldn't even be compared.
  • #7
  • Apr 11, 2011 6:07pm Apr 11, 2011 6:07pm
Quoting The Captain
If I may direct your attention to this thread:

http://www.forexfactory.com/showthread.php?t=121761

There are many traders making far more than 5-10% a month, in fact many make more than that in a week, sometimes a day, myself included....
Well said Captain.
  • #8
  • Apr 11, 2011 6:33pm Apr 11, 2011 6:33pm
Quoting ohammond
Well said Captain.
Thanks, it's just bizarre to hear people say you'd have to be superman to make 5% a month. Look at the weekly return on the dow the last year. And "traders" here think someone making 5% a month in forex is full of shit.. Really??? You can't make 0.2% a day? Why waste your time trading? Go open a savings account.

30-40% a month is easily doable with many systems.
Cap
  • #9
  • Apr 11, 2011 6:38pm Apr 11, 2011 6:38pm
Well there you have it

It seems like I was wrong and lots of people here are making 5-10% every month if not every week, if not every day and doing it easily. You got to be happy about that people! You all will be rich in just a few years starting with just a small account, just like you always thought you would. Better go tell all your friends and family about the gravy train that is FX. Dont forget to show them proof of your returns though as they may not all be as trusting as I am of your claims.

Hallelujah! I am going to be rich!!
BTC Return This Year: na
  • #10
  • Apr 11, 2011 8:25pm Apr 11, 2011 8:25pm
It is important that you earn 5 - 10% a month for more than 7 years and also you should be trading more than $20 million. You can earn 1000% in a week from very high risk trading but you will also lose 1000% next week from high risk trading.

What will you do for 10 years when you earn 1000% for 1 or 2 week only?
  • #11
  • Apr 12, 2011 2:14am Apr 12, 2011 2:14am
Hi Everyone,

Wow I didn't think me advising someone to be careful would be met with such anger. For your information I am certainly not ignorant. I said I don't doubt others have been able to achieve it.

All I was saying is ptownboi's current returns are outstanding and that I personally would not be trying to fix that!

I find the responses a little aggressive and I am not sure why?

I have been in this industry for about 6 years now and all I was advising was to be careful as losing streaks do unfortunately happen and when they happen you need to make sure you protect your account. If you are risking a silly percentage per trade you could easily draw down your account by 50% or more or worse wipe yourself out completely.

The key to success in this game is surviving, as long as you can survive you can make money.

So to summarise yes I believe high returns are possible but they should not come as a result of poor money management.

I am not trying to argue with you guys so please don't attack me for this. It is simply my opinion, not necessarily the right or wrong one just mine.
  • #12
  • Apr 12, 2011 2:44am Apr 12, 2011 2:44am
5-10% per week , it's not something that we can't achieved .
"If you can dream it , you can do it " Walt Disney
  • #13
  • Edited 5:08am Apr 12, 2011 2:48am | Edited 5:08am
Quoting HoangTuan
5-10% per week , it's not something that we can't achieved .
"If you can dream it , you can do it " Walt Disney
Mr. HoangTuan, I calculated your claim of making 5% a week up to the year. If you compound that 5% over 52 weeks, you are making then 1,104% a year.

Please teach me your strategy, oh glorious HoangTuan. Complete BS.

Go to a hedge fund if you can achieve that kind of return, you gonna be the new george soros.
  • #14
  • Apr 12, 2011 3:11am Apr 12, 2011 3:11am
Quoting The Captain

The last thing I would ever want to do is run a fund. Why?
No idea why, you would be earning billions of dollars, if you did with your kind of return.

Yeah, maybe better to stick to your full-time job and only make your return on your account, while not making billions of dollars, right?

Sorry if I am a cynic, but if you were so good, george soros would ask you for your advice. And did that ever happen?
  • #15
  • Apr 12, 2011 3:13am Apr 12, 2011 3:13am
Quoting M.A.C.Doug
Well there you have it

It seems like I was wrong and lots of people here are making 5-10% every month if not every week, if not every day and doing it easily. You got to be happy about that people! You all will be rich in just a few years starting with just a small account, just like you always thought you would. Better go tell all your friends and family about the gravy train that is FX. Dont forget to show them proof of your returns though as they may not all be as trusting as I am of your claims.

Hallelujah! I am going to be rich!!
haha, my thoughts exactly!
  • #16
  • Apr 12, 2011 3:58am Apr 12, 2011 3:58am
Quoting Custos
No idea why, you would be earning billions of dollars, if you did with your kind of return.

Yeah, maybe better to stick to your full-time job and only make your return on your account, while not making billions of dollars, right?

Sorry if I am a cynic, but if you were so good, george soros would ask you for your advice. And did that ever happen?
You would do yourself a favour and go to the thread the Captain pointed out if you think those kinds of returns are ridiculous. Typical of people in here, if I can't do it nobody can. I've already pointed out that someone only needing a 20 pip stop loss and risking 2% per trade (hardly massively risky) would need 100 pips per week to make 10%. Fantasy?? Go and look at the trades they do, they enter like scalpers and hold like swing traders.

Stop comparing hedge funds to a normal retail trader, a 20 pip stop loss risking 2% of $10 billion is just not feasible now is it But until you've got that kind of money, any percentage is certainly possible, but you'll never do it if you continually think its not possible.
  • #17
  • Apr 12, 2011 4:11am Apr 12, 2011 4:11am
Quoting ohammond
Typical of people in here, if I can't do it nobody can.
No, not if I can't do it nobody can. If the biggest traders in history can't do it, then yes, it is very likely that nobody can.

Quoting ohammond
I've already pointed out that someone only needing a 20 pip stop loss and risking 2% per trade (hardly massively risky) would need 100 pips per week to make 10%. Fantasy?? Go and look at the trades they do, they enter like scalpers and hold like swing traders.
yes, it is definitely possible to make 10% one week, but not consistently in my experience.

Quoting ohammond
Stop comparing hedge funds to a normal retail trader, a 20 pip stop loss risking 2% of $10 billion is just not feasible now is it But until you've got that kind of money, any percentage is certainly possible, but you'll never do it if you continually think its not possible.
why not, hedge funds have armies of traders, they for sure can slice the $10 billion up to trade in all kinds of instruments.

Nonetheless, I will look at the thread you guys pointed out. Maybe I can learn something from you guys.
  • #18
  • Apr 12, 2011 4:23am Apr 12, 2011 4:23am
2,5 milions eur per month.
  • #19
  • Apr 12, 2011 5:30am Apr 12, 2011 5:30am
this thread annoys me enough to bring me out of my cave because it's the same tired old garbage being spewed over and over from years ago...

some of the thinking here is so shortsighted and depressing! you know what... no one makes money trading. no one can beat inflation. no one can beat the interest earned in a savings account. we should all aim to remain poor and scraping 0.0001% per annum. surely this is all we deserve from all of the time spent (wasted) dedicated to being a profitable trader. there are no profitable retail traders. it's all a scam. you have to work at a hedge fund ensuring you don't earn too much from your mountain of gold capital at your disposal, and you have to know the secret handshake to use the bathroom there.

facebook does not exist because the zuck didn't start with a few spare billion in his pocket to scrape out a meager living from his project. you think you use facebook but it's all in your mind... it doesn't exist. it can't. it doesn't follow the rules that anyone starting small can't ever get somewhere! bill gates is a figment of everyone's imagination. steve jobs... who?

if the almighty hedge funds can only plonk out 10% or 20% or whatever number y'all want to come up with from their unimaginable available capital then MAKE SURE YOU AIM FAR FAR FAR BELOW THAT VALUE. also, make sure you don't even bother if you don't have a few billion because everyone knows you ABSOLUTELY NEED to have a few billion to earn around a minimum wage from trading.

jesse livermore? who is he? some wannabe who turned a few dollars into an amount substantially more than a few dollars (a few times)... must be a scam since it can't be true. remember, no one makes money trading, at least not without a few billion capital to earn one or two hundred measly dollars a week. anything above that is pure dreaming and lies and scams and guru nonsense.

DON'T AIM BIG. EVER!!! YOU WILL NEVER BE SKILLED AND KNOWLEDGEABLE ENOUGH TO NOT BE POOR!!!

fun fact : my bike accelerates from zero to 100 kph in around 2 or so seconds, therefore, it stands to reason that after a minute i will be doing around 3,000 kph. you should see me after 10 minutes!

THINK ABOUT THAT FLAWED, STUPID, STATEMENT!!! THIS IS PRECISELY THE PREMISE I HEAR OVER AND OVER BY PEOPLE WHO DO NOT TRADE, APPARENTLY CAN'T DO SIMPLE MATH OR USE SIMPLE REASONING SKILLS, AND MAY NEVER ROLL A PROFIT!!! AIM LOW PEOPLE!

aim so very low so that you don't shame those who won't ever do better...
Congratulations ScalaFX for coming out of the closet!
  • #20
  • Apr 12, 2011 5:33am Apr 12, 2011 5:33am
Quoting Custos
Mr. HoangTuan, I calculated your claim of making 5% a week up to the year. If you compound that 5% over 52 weeks, you are making then 1,104% a year.
40% per annum compounded for 15 years returns 15000%.

What would be 240% per annum compounded return? 10,000,000%?
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