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what should my goal be with a $100 account

  • #21
  • Oct 3, 2011 9:03pm Oct 3, 2011 9:03pm
Quoting PipPipPip
I forgot to post this. about compounding. Once you get your feet wet, and become immune to the volatillity of the market, it will take time to build a big portfolio.

Lets say 50% return each month compounding profits on all trades. This is what it will look like in 16 months on 14 fold leverage (14:1) with a consistent 250pip per month which is EASY. once you hit your monthly mark/goal, call it done. don't let GREED overcome your obstacle.

$100.00
$150.00
$225.00
$337.50

$506.25
$759.38
$1,139.06
$1,708.59
$2,562.89
$3,844.34
$5,766.50
$8,649.76
$12,974.63
$19,461.95
$29,192.93
$43,789.39...
Even at lowering your risks with returns of 25%, at the end of 17months, you can turn $100 into $21,000+

Remember, you might not always be right, but you are always in control!
  • #22
  • Oct 3, 2011 9:05pm Oct 3, 2011 9:05pm
Quoting PipPipPip
Even at lowering your risks with returns of 25%, at the end of 17months, you can turn $100 into $21,000+

Remember, you might not always be right, but you are always in control!
I think you need to be much more realistic about these returns. The market on average returns about 1% per month. If you could consistently grind out 2% per month, you will be in the top ranks of investors and traders.
  • #23
  • Oct 4, 2011 2:00am Oct 4, 2011 2:00am
Quote
Lets say 50% return each month

You can reach this number in one month, but it is almost impossible to have such results 12 months in a row.

Regards,

Josef
  • #24
  • Oct 4, 2011 2:32am Oct 4, 2011 2:32am
Quoting Dighi
I think you need to be much more realistic about these returns. The market on average returns about 1% per month. If you could consistently grind out 2% per month, you will be in the top ranks of investors and traders.
I guess im in the top ranks then, because on average I risk 2% to make 2% or more. Thats 1:1 risk/reward. If you cant even make 1% a day, you might need to reevaluate your trading style and system.
Damn The Torpedoes, Full Speed Ahead!
  • #25
  • Oct 4, 2011 2:44am Oct 4, 2011 2:44am
Quoting Dighi
I think you need to be much more realistic about these returns. The market on average returns about 1% per month. If you could consistently grind out 2% per month, you will be in the top ranks of investors and traders.
When you quote percentage of return you need to be concious of what investment you are talking about. 1% of $100 is a $1, if you cant make a $1 in a day then you might as well forget it. Isn't the idea of trading to take whats on the table? If you get into a trend at 0.10p per pip, are you going to exit that trend just because you have reach or exceed 10 pips? since that 10 pips is going to give you your 1% or have I got my sums wrong?
  • #26
  • Oct 4, 2011 3:40am Oct 4, 2011 3:40am
Quoting Dighi
I think you need to be much more realistic about these returns. The market on average returns about 1% per month. If you could consistently grind out 2% per month, you will be in the top ranks of investors and traders.
I guess I am on the top ranks of traders.
  • #27
  • Oct 4, 2011 3:41am Oct 4, 2011 3:41am
Quoting josef
You can reach this number in one month, but it is almost impossible to have such results 12 months in a row.

Regards,

Josef
There is someone I know who won a contest in a hedge fund who made 1,500% return just trading in the forex market for 1 year straight. On average, he makes a return of 35% on average on returns per month. But again, he is hard to come by, and his trading system is respectable. Though he might not have been always right, but he was always in control.
  • #28
  • Oct 4, 2011 3:48am Oct 4, 2011 3:48am
Quote
Though he might not have been always right, but he was always in control.

I do like this expression.

Regards,

Josef
  • #29
  • Oct 4, 2011 8:29am Oct 4, 2011 8:29am
Quoting diy_
When you quote percentage of return you need to be concious of what investment you are talking about. 1% of $100 is a $1, if you cant make a $1 in a day then you might as well forget it. Isn't the idea of trading to take whats on the table? If you get into a trend at 0.10p per pip, are you going to exit that trend just because you have reach or exceed 10 pips? since that 10 pips is going to give you your 1% or have I got my sums wrong?
I'm talking about trading as though you are managing $100m +. You don't get (and keep) that kind of money without showing that you can control your risk and grind out consistent profits with a low volatility of returns.

The idea of trading isn't to "take what's on the table" - your job is to manage risk. As a trader you are holding risky assets with the hope of profit from assuming the risk. If you cannot manage the risk, you shouldn't be trading.
  • #30
  • Oct 4, 2011 9:46am Oct 4, 2011 9:46am
Quoting PipPipPip
I guess I am on the top ranks of traders.
I believe a significant percentage of traders lose money so if you can consistently outperform the markets, then you are doing very well
  • #31
  • Last Post: Oct 5, 2011 1:20am Oct 5, 2011 1:20am
Quoting Dighi
With a $100 account you should focus on preserving it and look at percentage returns. If you can be a steward of little, I believe that eventually it can grow and become much.
Yeah but what percent are you talking about, 1% per week? sl will average between 5-15% depending on what pairs you trading
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