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20% per month. Is this possible?

  • #241
  • Dec 20, 2011 8:00am Dec 20, 2011 8:00am
Quoting Reactor
Why don't you just show some proof that you know what you are talking about rather than using a confidence trick?

Last week I mirrored most of my trades on a demo account to prove to anyone that wants to know that they can double a small account in a week using strict money management rules. In this case £3k to over £6k.

I have been rough with a cold so I didn't take my normal 20 - 30 trades last week.

I have no doubt you will pick holes in this also but I'm not here to spoon feed anyone, just encourage the open minded.

http://www.la-delica.com/12thto16thdec.jpg

I will not show the detailed statement because I don't want to give all my secrets away.
  • #242
  • Dec 24, 2011 8:28am Dec 24, 2011 8:28am
Quoting jag1966
Last week I mirrored most of my trades on a demo account to prove to anyone that wants to know that they can double a small account in a week using strict money management rules. In this case £3k to over £6k.

I have been rough with a cold so I didn't take my normal 20 - 30 trades last week.

I have no doubt you will pick holes in this also but I'm not here to spoon feed anyone, just encourage the open minded.

http://www.la-delica.com/12thto16thdec.jpg

I will not show the detailed statement because I don't want to give...
Hi Jag1966, I also trade with a "naked" chart. I'm trying to refine my strategy as even though it is good and easy it is difficult to get a consistent run of results.

I am piqued to see your signature. Do you mind sharing or giving some tips on your method please?

Cheers!
  • #243
  • Dec 29, 2011 10:01pm Dec 29, 2011 10:01pm
Quoting M.A.C.Doug

I am not saying it is not possible but trying to achieve a defined return was counter productive and costly for me

What I have learnt is that the best way to achieve really good gains, consistently, is to focus on decreasing losses, not on return targets. (aka risk management). The more I do this, the better my returns are.
Thats a quote from the early days of this thread over three months ago. Interestingly, I managed to beat 20% per month over that time. I have no monthly return target to aim for because that is not relevant to profitability.

Controlling risk however, is absolutely critical

Happy New Year everyone
Attached Image (click to enlarge)
Click to Enlarge Name: 20%.png Size: 152 KB
BTC Return This Year: na
  • #244
  • Jan 1, 2012 7:17am Jan 1, 2012 7:17am
Quoting M.A.C.Doug
Thats a quote from the early days of this thread over three months ago. Interestingly, I managed to beat 20% per month over that time. I have no monthly return target to aim for because that is not relevant to profitability.

Controlling risk however, is absolutely critical

Happy New Year everyone
thats a good point about focusing on decreasing losses!
I believe that 20% is possible
  • #245
  • Jan 8, 2012 7:06am Jan 8, 2012 7:06am
While just a couple of months ago I was stating vehemently that ridiculous returns like a thousand percent a year are not possible to pull off consistently, I recently have discovered that I have been partly wrong. It is possible to achieve this kind of return on average per year, but from my current understanding, there is a price to be paid for that. And that price is "uncomfortable drawdowns".

I have yet to discover a system (that is not overoptimized), that can give an average return of 1000% a year with just a 30% max drawdown. But there are definitely systems that can achieve high returns, if one can stomach a 60-80% max drawdown.

So the thing is: most people would not be able to stick to the trading plan when 80% of their account is wiped out, thus for most this might just be theoretically possible.

The edge would have to be crystal clear and there shouldn't be any doubt that the edge plays itself out. For most this won't be possible, cause they didn't do the research required to be confident enough.
  • #246
  • Jan 8, 2012 7:20am Jan 8, 2012 7:20am
Quoting Custos
While just a couple of months ago I was stating vehemently that ridiculous returns like a thousand percent a year are not possible to pull off consistently, I recently have discovered that I have been partly wrong. It is possible to achieve this kind of return on average per year, but from my current understanding, there is a price to be paid for that. And that price is "uncomfortable drawdowns".

I have yet to discover a system (that is not overoptimized), that can give an average return of 1000% a year with just a 30% max drawdown. But there...
Nice work Custos, I know we have had our moments in the past regarding returns possible and timescales.

There are those that have cracked it, I know it so why wouldn't I fight the case strongly. Onwards and upwards, never say never. Happy new year.
  • #247
  • Jan 8, 2012 7:22am Jan 8, 2012 7:22am
Quoting jag1966
Nice work Custos, I know we have had our moments in the past regarding returns possible and timescales.

There are those that have cracked it, I know it so why wouldn't I fight the case strongly. Onwards and upwards, never say never. Happy new year.
thanks, happy new year to you too.
  • #248
  • Jan 11, 2012 1:01am Jan 11, 2012 1:01am
20% or even more very possible as long as you have good strategy and money management
Failure leads to Success if one learns from mistakes and never give up
  • #249
  • Oct 4, 2012 4:22pm Oct 4, 2012 4:22pm
Quoting jinchu
20% or even more very possible as long as you have good strategy and money management
Not just "good".. I'd rather say "excellent".
Entries need to be pinpointed with great accuracy and need to be in synergy with the correct money and position management attached to that entry method.

Heck if 20%(consistently) was very well possible as long as you have a "good" strategy and money management we would have multiple billionaires among us on these forums by now. That's just not the case.

20% are exceptions in my book.
  • #250
  • Oct 4, 2012 4:41pm Oct 4, 2012 4:41pm
It all depends on what kind of leverage you're using and how much of your trading capital you're risking per trade. It is possible and a small number of traders have actually achieved it for a reasonably short period of time. But to make 20% profit a month consistently for an extended period of time would be really difficult. I'm sure not too many traders can say they have.

In trading, the greater the risk you take, the greater the expected return in general. But risk is a double-edged sword; it could always go against you as well as for you.
  • #251
  • Oct 4, 2012 6:35pm Oct 4, 2012 6:35pm
Any average scalper with a small account could do 20% easy
  • #252
  • Oct 5, 2012 3:00am Oct 5, 2012 3:00am
Quoting havaiana
Any average scalper with a small account could do 20% easy
Once, easy.. Consistently? no.. It just wouldn't make any sense. It would break down the financial system if your "average" guy would make 20% a month easy. Anyway, I give up on discussions regarding this matter. Most retarded returns in % are posted by companies for commercial use anyway. Spreading doubt is key here.
  • #253
  • Oct 5, 2012 5:00am Oct 5, 2012 5:00am
Based on my experience it's possible. I actually haven't made so much, but I consider myself as an average trader at best and I'm not risking much. A better trader who takes more risk could average around 20% per month.
  • #254
  • Oct 5, 2012 5:56am Oct 5, 2012 5:56am
I can make million in a day






















































































































but off course if I will start with billion
  • #255
  • Oct 5, 2012 9:56am Oct 5, 2012 9:56am
In the good old days when we had real volatility, traders could just trade a couple of times a week around news releases and make a few hundred pips pretty quickly with hardly any risk exposure at all. Unfortunately the nature of the market has changed over time and that doesn't as much any more.
  • #256
  • Oct 5, 2012 11:13am Oct 5, 2012 11:13am
People should pay more attention to the Sharpe ratio or the pain-to-gain ratio.
  • #257
  • Oct 6, 2012 7:28am Oct 6, 2012 7:28am
http://i47.tinypic.com/mv6zxg.jpg
  • #258
  • Oct 6, 2012 11:28pm Oct 6, 2012 11:28pm
Quoting Xenaga03
I am not so new to forex, but I would like to know if any professional traders have been able to consistently pull off 20% a month, at least uptil a $100,000 account. Is this possible? I am trying to figure out what my target should be monthly for my return on capital and what figures are realistic.
Let's put some numbers and you make your conclusion if this is possible or not.

Starting balance = $1,000
Return per month = 20%
Ending balance = $8,916

Return $ = $7,916
Return % = 792%

Is this possible? How much risks are you taking to reached this return?

I'm not saying it can't, but I am also not saying that it can. It's for you to make a reasonable conclusion.
Fear prevent possibilities, and so does Greed
  • #259
  • Oct 14, 2012 12:50pm Oct 14, 2012 12:50pm
20% per month is very possible in forex trading. We need a good trading strategy and if we can establish it anything is possible here.
  • #260
  • Oct 15, 2012 10:30am Oct 15, 2012 10:30am
Quoting shanewatson
20% per month is very possible in forex trading. We need a good trading strategy and if we can establish it anything is possible here.
yes is possibile and AUTO!!!
SL 35 TP 150 WITH TRAILING STOP
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