Your video is blocked out "unavailable" from Europe.
Thanks for your contribution : what return rate should people look for?
By day trading, is it really impossible to get a 3% return every day without fail?
- Thread starter Sotnis
- Start date
Your video is blocked out "unavailable" from Europe.
Thanks for your contribution : what return rate should people look for?
THANK YOU!!!!
I am realising that myself included, that many traders actually put too much pressure on themselves.
For instance 2%/month is actually a return of 20$ on a month on a 1000$ capital to make it easy to calculate. I seriously laughed about such return ( 1$/pip and 20 pips target!!!).
Seriously, many flog themselves to return minimum 30% a week, when in fact just mere 2% a month is far more than enough. Here the time factor change the effort needed.
That speaker guy kind of looks like actor Stanley Tucci -- he was in Margin Call 2011 and Bull 2000 TV show...two wall st/finance movies.
Those who can do...do -- those who can't ...teach/speak/write.
I don't necessarily pass judgement...different strokes for different folks. If you're young and/or hungry and/or have a small account...then naturally you're ambitious. If you have a huge account already, then you can play it safer and rest on your laurels.
One way or another isn't necessarily automatically better than another.
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That speaker guy kind of looks like actor Stanley Tucci -- he was in Margin Call 2011 and Bull 2000 TV show...two wall st/finance movies.
Those who can do...do -- those who can't ...teach/speak/write.
I don't necessarily pass judgement...different strokes for different folks. If you're young and/or hungry and/or have a small account...then naturally you're ambitious. If you have a huge account already, then you can play it safer and rest on your laurels.
One way or another isn't necessarily automatically better than another.
I actually lost a $400k trading account ( built from a high 4 figures account) due to "unwanted stress".
I think 2016, I will test how easy it is to make 2% a month on a tiny account : this would
remove a lot of pressure; then I'll load again. Till then tiny accounts( 4 figures max).
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At lot teach, speak and write; very few DO.Those who can do...do -- those who can't ...teach/speak/write.
Teach, speak and write is easy and can be manipulated (like MS who in past already put words in my mouth that I never said, or his sometimes contradicting postings that can let him jump from one leg on the other without any problem).
DO is difficult and cannot be manipulated because your account will show the reality. The hard figures of your statements.
I think I am going to stick to high risks again from a tiny one.
When I reach 6 figures, move to 2% monthly return. Because otherwise, it would be too long.
Again thank you for the compounding calculations: it shows that risk is really
a balance between time and return. High risk, quick return on a short time, or low risk, low return
on long period.
When I reach 6 figures, move to 2% monthly return. Because otherwise, it would be too long.
Again thank you for the compounding calculations: it shows that risk is really
a balance between time and return. High risk, quick return on a short time, or low risk, low return
on long period.
Lets put it this way, any trader that understand the markets...that's a trader that's most likely diversifying. Thus, regardless if the trader is trading part-time or full-time...the profits should be going elsewhere for investment purposes. This will minimize the dependency upon trading profits later in ones career and ensure a financial legacy for the family member of the trader.
Like I said before, most traders do not have the mindset for compounding.
Simply, most traders do not treat their trading like a business so that it can grow and we really only need to grow it a little bit each year.
Take it easy and do what smart traders do, run a webinar and trade micro contracts. Then start writing ebooks for side income and after enough of your webinar customers lose money they will buy the video course you unveil on themwhen they are most desperate, after they have blown several accounts while listening to you on that for-profit webinar.
Yes, the road that Marketsurfer walked. First blow up your fund, and then start writing as a "renowned expert" for the idiots that first lost their money with you. It is always good to mention too that you know a lot of famous investors, traders and rich people. Idiots always want to be part of a successful group as they think they will look smart and successful too then, so that argument will work very well too.
Smart traders don't have to do all this, they are smart which means that they trade. That's the way they can make the most money. Writing, teaching, organizing conference and seminars is for failed traders.