I'm asking this here as the rest of the world is full of noise and i respect many of the traders that embrace the PIE stuff....
Recently i've come across a few articles and comments which pertain to profit. It seems to me that many traders think that being up 1% after a year is ok whilst others would laugh at that (me for one
).
I do not understand why even the pros according to barclayhedge turn up 2% etc when this is supposed to be a high risk game? why would you enter into high risk for 2%? Is that figure bullshit? I doubt it as i've just read this on NBT.
So my question is, and i have no desire to know anyones figures or whatnot, but what should i be aiming for here?
So far i've traded according to what i've seen on the charts, on a demo account that i've been fiercely protective of and at times even woken up in the middle of the night to check all is ok and i haven't made any cockups.
I know its 'only demo' but to me it is much more than that. I'm embarking on a huge journey of my life with this, investing more time than anything ever before (except wife and kids) and with the myriad responsibilities i have already, i want a deadly accurate marker of my progress.
I run a small live account to attempt to feel how this is like 'for real' too. I want all the emotions to have been felt on live and demo before i 'go live' for real. By 'real' I mean bigtime.
But before i do that, i want to know - is it worth it?
MY current profits show me it's very worth it (but i cant simply rely on those until years have passed - could just be a streak?). Some of what i've seen posted by you guys round here show me it's very worth it but i still hear all this shit about low %'s etc.
So.... what sort of gains should i be looking at?
I gave myself an annual target of 100+% on demo with a hard figure accumulation on my live account (which is harder on me than 100%). If i dont hit those, i dont consider either myself ready or indeed if it's worth it at all. high risk must equal high reward.
Recently i've come across a few articles and comments which pertain to profit. It seems to me that many traders think that being up 1% after a year is ok whilst others would laugh at that (me for one
).I do not understand why even the pros according to barclayhedge turn up 2% etc when this is supposed to be a high risk game? why would you enter into high risk for 2%? Is that figure bullshit? I doubt it as i've just read this on NBT.
So my question is, and i have no desire to know anyones figures or whatnot, but what should i be aiming for here?
So far i've traded according to what i've seen on the charts, on a demo account that i've been fiercely protective of and at times even woken up in the middle of the night to check all is ok and i haven't made any cockups.
I know its 'only demo' but to me it is much more than that. I'm embarking on a huge journey of my life with this, investing more time than anything ever before (except wife and kids) and with the myriad responsibilities i have already, i want a deadly accurate marker of my progress.
I run a small live account to attempt to feel how this is like 'for real' too. I want all the emotions to have been felt on live and demo before i 'go live' for real. By 'real' I mean bigtime.
But before i do that, i want to know - is it worth it?
MY current profits show me it's very worth it (but i cant simply rely on those until years have passed - could just be a streak?). Some of what i've seen posted by you guys round here show me it's very worth it but i still hear all this shit about low %'s etc.
So.... what sort of gains should i be looking at?
I gave myself an annual target of 100+% on demo with a hard figure accumulation on my live account (which is harder on me than 100%). If i dont hit those, i dont consider either myself ready or indeed if it's worth it at all. high risk must equal high reward.
thanks for the input thus far it's just i've read all that stuff before many times and my plan has covered all that many many times before.
.
