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Is it possible to earn 30% per month consistently for 4 years?

  • #61
  • Dec 22, 2013 4:45am Dec 22, 2013 4:45am
Quoting Eur Usd
{quote} {quote}"I know somebody who knows somebody who's cat told him it's impossible and was proven" - is it the proof?
Only if the cat is a super-cat
MT4/MT5 EAs/Indicators/Alerts coder
  • #62
  • Dec 22, 2013 5:33am Dec 22, 2013 5:33am
I use hourly charts and have experienced long periods of time where I could quickly tell which way the market was moving with a degree of accuracy better than 80% and I know there are many others out there just as good as this. Is there randomness in the market? yes- and on any time frame.

But it is shaded randomness, with long periods of time where the trend is going one way rather than another; where the zags are consistently longer than the zigs, and vice versa.

Truly random devices are very hard to construct. Ask any computer programmer.

The market is not truly random. It is merely treacherous!
  • #63
  • Dec 22, 2013 6:33am Dec 22, 2013 6:33am
Quoting Rap Skallion
I use hourly charts and have experienced long periods of time where I could quickly tell which way the market was moving with a degree of accuracy better than 80% and I know there are many others out there just as good as this. Is there randomness in the market? yes- and on any time frame. But it is shaded randomness, with long periods of time where the trend is going one way rather than another; where the zags are consistently longer than the zigs, and vice versa. Truly random devices are very hard to construct. Ask any computer programmer. The...

Even the Zigs and Zag's have a logic behind them and are therefore tradeable.

Finding a method ( took YEARS ) where, where the entry if the market continues chopping will likely profit, or if it starts trending it'll likely profit.

In existing trend, I only go with the existing trend, and if trend turns to chop I'm likely going to be fine also.


Basically a system so easy even a total moron could trade it, that was my mission statement for I am a ...........
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #64
  • Dec 23, 2013 10:31am Dec 23, 2013 10:31am
Quoting Eur Usd
{quote}..... a part of my gambling method (not the main account one) is looking at Positions / Live Accounts table from main page of ff - it shows how many people bet long and how many short - and if I see that long is traded by 30% only - I know that going long is better option than shortig - because I believe that only few traders know what they are doing and rest can't just trade.
10 years or so ago I used to fade calls made in a popular trading forum chatroom, even 5 or 6 years ago there was money to be made fading calls made in woodies cci chat room...

It shouldnt work really because most of the trading decisions being made are just completely random, but for some reason, it always seamed to work quite well.

The owners of FF almost certainly believe that the information in their systems is of value to someone...
  • #65
  • Dec 24, 2013 1:48pm Dec 24, 2013 1:48pm
Yes, but YOU must first believe it's possible. I personally did 7% this week. The math is not difficult on that one.
Yes, but You must have a plan that you believe in.
Money management is there. Read a ton of pubs. Lots of you tube (for me anyway). Avoid the naysayers and dream stealers. Set daily or weekly goals.
Have you wanted to be a millionaire for 6 days or 6 years?
Keep reading.
I don't do fundamentals, some folks do.
I trade daily (minus NFP).
Keep asking questions or enlist google to do the same.
When someone utters the word 'can't', simply walk away.
"The only way to discover the limits of the possible is to go beyond them into the impossible"
And perhaps the most important thing to realize, your 'why' can lead you to your 'how'. If you want something bad enough, that's the why, the how will likely show up when you least expect it.
Happy Holidays and Happy Trading to all.
Reno
  • #66
  • Dec 24, 2013 2:21pm Dec 24, 2013 2:21pm
Last but not least... when it comes to losing a trade; please consider what a very wealthy mentor shared with me.
'If you give a uneducated person a million dollars, they will likely blow it, if you take the same amount of money away from an educated person, that educated person will likely earn that million back in a VERY short period of time.' Hope that helps someone!!
--- got chocolate fudge waitin' on me : )
Reno
  • #67
  • Dec 24, 2013 2:42pm Dec 24, 2013 2:42pm
I would like to say only
I'm not sober anymore write anything you want be my guest
With a good book and quality paper you can fine wipe your ass.
  • #68
  • Dec 24, 2013 3:48pm Dec 24, 2013 3:48pm
Quoting apu21
I want to ask all the expert traders here that, is it possible to earn 30% of our invested capital in a compound way for consistently for 4 years? I have seen many traders that claim to have a gain of more than 30% per month, are they telling the truth? If it's possible then investing only $100 can be turned into $29,463,267.63 after 48 winning month. I want to ask all the traders that is there any real strategy that can make it possible? Even I made a strategy which looks to be holy grail and giving me about 30% per month. But I don't know how...
Mathematically? yes, if your trading is consistent.
Psychologically? depends entirely on you.
Are there people that makes those kind of returns? yes, but they hardly ever come on these forums.

As a side note...there is no Holy Grail, just years of hard graft. There is no "system" that will be handed to you on a plate. One man's grail is another man's downfall.
If it's too good to be true, it probably is.
  • #69
  • Dec 24, 2013 5:53pm Dec 24, 2013 5:53pm
Quoting renofaith
"The only way to discover the limits of the possible is to go beyond them into the impossible"
I can't agree more
MT4/MT5 EAs/Indicators/Alerts coder
  • #70
  • Dec 24, 2013 6:28pm Dec 24, 2013 6:28pm
Quoting SimonK
{quote} There is no "system" that will be handed to you on a plate. One man's grail is another man's downfall.
I dunno, I reckon I could teach a blank slate of average intelligence my method pretty quickly and get the profitable, but they'd have to not get creative and definately not go on Forum's to pick up bad advice.



I did try it, with a highly intelligent ( BUT MAD! ) girlie on a older lesser method, her entries where perfect, her winning streaks where great $100 to $400 in no time at all, but she had 1 issue, EGO, she couldn't ever take a loss EVER, wouldn't use SL's at all, so straight back to Margin Call, every damn time

Teaching new method would work better, but damn hard to find a blank slate who has a real interest and doesn't want to just do there own thing cause they think they know best LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71
  • Dec 26, 2013 5:21pm Dec 26, 2013 5:21pm
No.
  • #72
  • Dec 26, 2013 5:43pm Dec 26, 2013 5:43pm
personally, 30% is too much, 2 to 10% should be what you aim for
I will become the World's best at my own style
  • #73
  • Dec 27, 2013 12:02am Dec 27, 2013 12:02am
Logically speaking, it is very much possible. However:

1. You have to risk not more than quarter percent (or less) per trade and your reward should not exceed 2x the risk taken.
2. Your total risk exposure at any given time should not be more than three percent.
3. You trade multiple pairs on multiple timeframes
4. You should know how to manage risk beyond just money management
5. You should be very consistent
6. You should be very patient
7. You should be willing to put extra efforts in identifying trade setups
8. You should have more than one trading edges/methods, each one capable of generating more winners than losers
9. You should be able to trade six hours a day, two hours in every session Tokyo, London and NY
10. You should have no life.
The Thief of Wall Street
  • #74
  • Dec 27, 2013 12:35am Dec 27, 2013 12:35am
Quoting Chicky
Logically speaking, it is very much possible. However: 1. You have to risk not more than quarter percent (or less) per trade and your reward should not exceed 2x the risk taken. 2. Your total risk exposure at any given time should not be more than three percent. 3. You trade multiple pairs on multiple timeframes 4. You should know how to manage risk beyond just money management 5. You should be very consistent 6. You should be very patient 7. You should be willing to put extra efforts in identifying trade setups 8. You should have more than one...
Rules 1, 2, 3, 9, don't make any sense at all as it depends on the method and 4, 8 are not obligatory either. 5, 6, 7 is just a general advice everybody already heard a gazillion times.
#10 is just stupid as trading for the sake of it is definitely not what people here are for.

Anyway, you [by you own confession] didn't manage to get more than 3% per year. Furthermore, not so long ago you said 10% per month is crazy and you will stop trading if you find out it's possible:
Attached Image


Thus the question: how can you possibly know anything about that let alone give advice to others?
The single most important factor is having control of your own life.
  • #75
  • Dec 27, 2013 1:08am Dec 27, 2013 1:08am
Quoting Mikkk01
{quote} Rules 1, 2, 3, 9, don't make any sense at all as it depends on the method and 4, 8 are not obligatory either. 5, 6, 7 is just a general advice everybody already heard a gazillion times. #10 is just stupid as trading for the sake of it is definitely not what people here are for. Anyway, you [by you own confession] didn't manage to get more than 3% per year. Furthermore, not so long ago you said 10% per month is crazy and you will stop trading if you find out it's possible: {image} Thus the question: how can you possibly know anything about...
Do you ever read before opening your mouth?
The Thief of Wall Street
  • #76
  • Dec 27, 2013 2:46am Dec 27, 2013 2:46am
Quoting Chicky
{quote} Do you ever read before opening your mouth?

He's right Mr 98.1% loss
On my way to financial independence - if others can do it - I can do it
  • #77
  • Dec 27, 2013 3:06am Dec 27, 2013 3:06am
Quoting Eur Usd
{quote} He's right Mr 98.1% loss
Being in loss doesn't mean that you can't give your opinion ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #78
  • Dec 27, 2013 3:09am Dec 27, 2013 3:09am
Quoting Chicky
{quote} Do you ever read before opening your mouth?
For you in this case the question is: do you ever think before writing crap which you have no authority to claim?
The single most important factor is having control of your own life.
  • #79
  • Dec 27, 2013 3:21am Dec 27, 2013 3:21am
Quoting FerruFx
{quote} Being in loss doesn't mean that you can't give your opinion ...
Opinion is great!

Though, 'logically speaking' he said several days ago that it's crazy to get more than 10% and that he believes nobody around can do in consistently, moreover his full-time result is 3% per year.

How can he know what one needs in order to get 30% per month consistently?

He would quit trading by his own words had it been possible to make more than 10%...
The single most important factor is having control of your own life.
  • #80
  • Dec 27, 2013 3:52am Dec 27, 2013 3:52am
Quoting FerruFx
{quote} Being in loss doesn't mean that you can't give your opinion ...
he was insulting another forum member by saying about opening mouth
On my way to financial independence - if others can do it - I can do it
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