My First Year

Quote from RoughTrader:

You made $100k profit your first year and your wife took you to the Olive Garden???

Dude, if you can't reward yourself decently, how do you expect to break to the big time? Think bigger man.

RoughTrader

P.S. Post back again when you've seen your first $50k or $100k drawdown. After seeing the runup you had as well as this kind of drawdown, you will be able to profile yourself with appropriate money management parameters.
More...

HAHA...
No one got my Old School joke - Which was lovely...
She had a gift certificate..
Actually, I hate the OG...Bad Italian food for fat people...
 
I have no debt, thank god.
I have no house though - i still rent. I can't bring myself to buy something down here in SOCAL. It's just insane...

I guess I should keep doing things the way I have been - I guess i just wish I had 10 times the money to trade with - and that in and of itself could be a curse, because i know that trading size can cause more issues with slippage, and fees, and what not..
 
I have been trading for just under a year and would consider myself somewhat conservative compared to my colleagues. I am a daytrader and keep my trades to about 1% of my account. I have a rather modest account that is growing slowly. If things continue as they have, I will be looking at around a 30% return for my first year.

What is considered a good return for conservative traders who plan on consistant returns year after year? should I be risking more of my capital on each trade?
 
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