Disliked
BTW did you know Obama is not the president of the USA. nope he's not.Ignored
I had to escape that thread, the lunatics have taken over the asylum!
How Forex Trading Ruined My Life or How I Became Successful? 15 replies
My Life System - No Stress 14 replies
Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies
The Best System on forex-factory forum 22 replies
Forex Trading Life 3 replies
Disliked
BTW did you know Obama is not the president of the USA. nope he's not.Ignored
DislikedYes we are now in a different environment, but that doesn't mean its not as lucrative as the "bull years" as long as we're adaptable. There is no difference trading a $500 account and a $20,000 account. The difference would be noticeable over $1,000,000 but certainly not $20,000. We can't even begin to compare how we trade with how large funds trade, do they risk 2% of a $7 billion account on one single trade? of course they don't, so if we risk 2% of our account on a trade we should expect a much much higher return. There is no way on this...Ignored
Disliked[color=Red]There is no difference trading a $500 account and a $20,000 account. The difference would be noticeable over $1,000,000 but certainly not $20,000.
The average income in the UK is £25,000.........Thats just under £500 a week....
Hmmmm, To The average person in the UK, would you think they would be really comfortable risking there weeks wages on a trade....?
1 trade, 2% risk on £500 = £10
1 trade, 2% risk on £20,000 = £400
I have to disagree with your comments ohammond.....
do they risk 2% of a $7 billion...Ignored
DislikedYes we are now in a different environment, but that doesn't mean its not as lucrative as the "bull years" as long as we're adaptable. There is no difference trading a $500 account and a $20,000 account. The difference would be noticeable over $1,000,000 but certainly not $20,000. We can't even begin to compare how we trade with how large funds trade, do they risk 2% of a $7 billion account on one single trade? of course they don't, so if we risk 2% of our account on a trade we should expect a much much higher return. There is no way on this...Ignored
DislikedThere is no difference trading a $500 account and a $20,000 account. The difference would be noticeable over $1,000,000 but certainly not $20,000.
The average income in the UK is £25,000.........Thats just under £500 a week....
Hmmmm, To The average person in the UK, would you think they would be really comfortable risking there weeks wages on a trade....?
1 trade, 2% risk on £500 = £10
1 trade, 2% risk on £20,000 = £400Ignored
QuoteDislikedI have to disagree with your comments ohammond....do they risk 2% of a $7 billion account on one single trade? of course they don't
I know the big funds can sometimes build up their exposure of 3%+ on a single trade.....
QuoteDislikedThere is no way on this earth I would risk 2% per trade and be happy with a return of 22% a year!
What do you think would be a reasonable return then ?
DislikedI agree with J4D to stop any confusion.
Stop looking at the big players in % term, they only make 100's of millions which retail pump into the market which is there profits sadly and they need billions to manipulate things and get moves started.
I've made 100% in a few hours on a Gold trade, risking 10% of my account, easy to do with a $100 account, would I risk with a $20,000 account, HELL NO!!Ignored
DislikedThe amount you risk per trade can not be an arbitrary amount, it has to be based on data..
Its a simple calculation based on your win/loss ratio and your risk to reward... then you can set your maximum risk per trade ..
http://2ndskiesforex.com/strategies-...u-should-know/Ignored
Dislikedwhen talking about how the system would have performed in the last month/year/10 years then it has nothing to do with belief. If the rules are clearly defined everybody should be able to test them and they should all get identical results. That's exactly why systems that really worked were and are very clearly defined (such as the turtles that was mentioned above)Ignored
DislikedNobody mentioned taking a 1o% risk, I wouldn't do that with even $100 there's no point, its a waste of money. Take reasonable trades with reasonable risk, but there is no point to risking 2% per trade and being happy with 22% a year. Its J4D who is trying to compare us with the big players.Ignored
Disliked[color=Red]Its J4D who is trying to compare us with the big players.[color=Black]
Hey ohammond, Im trying to ascertain what the average return is for a retail trader that has positive returns over a minimum of at least a year. I know what my returns are, do to my experiences. But there's a lot of people in here think that 20-30% a year is bullshit......
They say their returning a lot more ..I am interested in what the average is, without the bullshit. wouldn't we all really like to know, so we can gauge our performance,...Ignored
DislikedThe thing is J4, everyone's results are directly related to their own discipline, therefore asking for audited accounts is worthless IMHO. All you are really getting is a measure of their own discipline NOT the reliability of their method / system.
My method is well above 95% reliable if my rules are followed to the letter, many others here have methods that will yield fantastic results if followed properly. Very very few have the discipline to follow rules.
That is why I couldn't give a toss about any-ones individual results, all I am interested...Ignored
Disliked
Im trying to ascertain what the average return is for a retail trader that has positive returns over a minimum of at least a year.Ignored
DislikedHi j4d
I think you'd need more information to be able to come up with any sort of meaningful statistic, for example how much time do they spend trading, with what equity, what's their risk, do they compound and if so, how. Then you'd need to analyse what kind of trader they are, their experience, and over how many years that return is averaged, where they live (time zone), sessions traded etc etc etc......I'm not sure just saying 20% a year or 10% a day (seriously, 10% a day!) really means very much on it's own does it?Ignored
Dislikedwhy does 10% a day sound so absurd pipmutt? what am i missing?
So if i risk 2% a trade and i shorted gj and ej on h4, and gj went to 3/1 and ej 2/1... that would give me 10%... thats nothing more than an average days move on those pairs...?
i didnt screen shot everything at entry, but here's gj..... i was even 15 pips late on entry... if you can read bias and s/r 10% is very doable (is that a word?)
and my h4 pin on au, and all the other au shorts ive taken last week... some running to 4/1 r/rIgnored
DislikedHi j4d
I think you'd need more information to be able to come up with any sort of meaningful statistic, for example how much time do they spend trading, with what equity, what's their risk, do they compound and if so, how. Then you'd need to analyse what kind of trader they are, their experience, and over how many years that return is averaged, where they live (time zone), sessions traded etc etc etc......I'm not sure just saying 20% a year or 10% a day (seriously, 10% a day!) really means very much on it's own does it?Ignored
DislikedHey P,
Its really very basic........
We are in the making money game right...we all want to make money right.
I dont care how people trade if there successful, they could be spinning on their head while making pizza doe with there feet, while executing a martingale system with their eyes closed.....
What is the average a successful retail trader returns in % after 1 years worth of trading.
Thats it, nothing more nothing less, I was just interested on peoples realistic thoughts..(no bullshit)
This is my last post on this...Ignored