The market is my nation. Traders, my family. Hello, brothers and sisters!
- #22
- Aug 31, 2006 5:28pm Aug 31, 2006 5:28pm
Hi,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o
We all know trading involves lose and gain.<o
Do you think some one could have 1% profit in average?<o
Example: - One could start with $ 10K and after year, he gain $ 45K and lost $ 10K so the net gain is $ 35K means 1% profit a day.<o
Do you think this Example is artificial and impossible to get?
Really appreciating your opinion
Thanks
<o
></o>Hi Houd,
So u would like to know, is 1% achievable and rite to expect from the market.
I think it won´t be a wrong to expect 1% from this market, but wat i perfer is to have a target in PIPS instead in %AGE.
I will give u a very Simple Example.
For eg. If all u just had to make Avg. 100-pips/Month without worring on wat %age did u made thats it....not more only 100-pips once again only 100-pips. And if u made 100-pips b4 the end of the month then stop trading Live and start trading Demo and sharpen ur Trading method.
Do u know how much is 100 pips a month per day its ~3.33 pips rite...?
Now all ur target is to get an average of 3.33 pips/day.
Now supp. u started ur intial acc. with $ 10,000 and u made 100pips which in mini-lots say 1-mini lot would make u only $ 100/month.( Not a big amount.)
But as u have more confidence in ur Trading Method and as u can play big. U can go for 1-Standered lot which would make u $ 1000/month.
Increase ur confidence and then u can trade 10-standered lots which will give u $ 10,000/month, for 20, 30, 40, 50.... - Standered lots u will be making $ 20,000 30,000 40,000 50,000 respectively.
Now, u can do the calculation wat %age did u made in a month and for that year of ur intial account.
In this eg. we started with $ 10,000 and u made 10,000 on top by trading 10-standered lots tat means u litrary doubled ur acc. tats 100% profit in the first month.
If u traded 30-standered lots u made $30,000 tats ur 300% profit in a
month and in a year would be 300% * 12 = 3600% (tats amazing rite.
)Now if u consider u started an account with $ 100,000 tat would be diff. case but stick to 100pips/month and u will be able to make $30,000 by trading 30-Standered lots. Which will give u 30% per month of ur intial Account, in a year u will have 30% * 12 = 360% per annum. which is ~1%/Day.
Now a question to u.... Do u think $30,000/Month is not a good amount for u to trade in forex Market (You alone)?
If so.... no problem u can open a buss. expand it with diff. ppl working for u, everybody making $30,000/month for ur company. i:e no of ppl trading * $30,000
All said abv is achevable. All one has to do is get a hold on 100pips/month or say ~3.33pips/day on an Average.
If this helps let me know.
- #23
- Aug 31, 2006 5:55pm Aug 31, 2006 5:55pm
- Joined Mar 2004 | Status: Magic Man | 3,220 Posts
Through, my pervious threads and the advices I received from the forum members, Kind of refine my simple trading strategy to get 300% annually with a decent trading strategy
- I trade 300 days a year
- I get 75% wining trades and 25% losing trades
- I set Stop Lose Limits to 0.5% and Gain Stop Limit to 2%
Do you see the under line number are realistic?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
Do you see by those numbers, I could go somewhere?
Thanks
unfortunately, this is far from realistic.
Relax and be happy.
IMHO if 90% of traders loose money than 1% wasn't even possible for them. No matter which way you calculate it - daily/weekly/yearly.
Which means we have 10% that managed to make somewhere in the region of 0% to xxx%
So 90% of traders didn't manage to make 1% - - - >> Therefore is it possible?
>> Yes, but only for 10% of people. Think about it!!
Which means we have 10% that managed to make somewhere in the region of 0% to xxx%
So 90% of traders didn't manage to make 1% - - - >> Therefore is it possible?
>> Yes, but only for 10% of people. Think about it!!
- #27
- Aug 31, 2006 6:16pm Aug 31, 2006 6:16pm
Fantastic! From now on Im going for a measly 2% per day... just so you guys know I wont be around at the end of the year...I'll have retired with my tidy profit
- #28
- Aug 31, 2006 6:21pm Aug 31, 2006 6:21pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Through, my pervious threads and the advices I received from the forum members, Kind of refine my simple trading strategy to get 300% annually with a decent trading strategy
- I trade 300 days a year
- I get 75% wining trades and 25% losing trades
- I set Stop Lose Limits to 0.5% and Gain Stop Limit to 2%
Do you see the under line number are realistic?<o
Do you see by those numbers, I could go somewhere?
Thanks
IF a dollar were a mile, then To the Moon And Back.
All you need is what you say.
75% wins of 2%
25% loss of 0.5%
If ALL your losses occur first, your $10,000.00 will drop to $6,886.43
{your 300th Trade Trade will net you $11,593.00}
and your Balance will be $591,248.02
I dont really see why you think it will take you a year though. It will only take you 300 Trades.
10 Pairs x 30 Trades.
3 Trades/ Pair / Day
10 days and your done.
Is that realistic? You tell me.
Like my old Dad used to say..."IF your Aunt Mary had Ba[[s, She'd be your Uncle."
<?xml:namespace prefix = o /><o
If this helps let me know.
This gives me another prospictive.
I could say
What the average trader could do in monthly bases? 100-200-500..........
Thanks
IMHO if 90% of traders loose money than 1% wasn't even possible for them. No matter which way you calculate it - daily/weekly/yearly.
Which means we have 10% that managed to make somewhere in the region of 0% to xxx%
So 90% of traders didn't manage to make 1% - - - >> Therefore is it possible?
>> Yes, but only for 10% of people. Think about it!!
90% could lose 1% to xxx%
10% could gain 0% to yyy%
Is this some statistic, or it is almost a well knowen fact about Forex?
- #33
- Aug 31, 2006 7:12pm Aug 31, 2006 7:12pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
We have 2 groups.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
Group "A" said that it is totally unrealistic to get average 1% a day (whatever pips it is). So the question for them<o></o>
WHAT IS THE RELISTIC NUMBER?
Group "B" said that it is possible to get average 1% a day using money management.<o></o>
If we could knew what is the realistic from Group "A", then may be the Average is something between "A" and "B"
></o>Group "A" said that it is totally unrealistic to get average 1% a day (whatever pips it is). So the question for them<o
></o>WHAT IS THE RELISTIC NUMBER?
Group "B" said that it is possible to get average 1% a day using money management.<o
></o>If we could knew what is the realistic from Group "A", then may be the Average is something between "A" and "B"
- #37
- Aug 31, 2006 7:41pm Aug 31, 2006 7:41pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
some pros please answer my question on the last page
Thank you!
-mike
Account Deposit = $10,000.00
Risk = 1% = $100.00
Number of Lots I can buy = 0.4
Dollar Pip Value $4.00
25 pip Gain = $100.00 or 1% Gain
50 Pip Gain = $200.00 or 2% Gain