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My goal this month is $5,000 net profit
- Thread starter SuperVolatility
- Start date
Amount allocated for this testing is only $25K and with 4:1 retail margin it's 100K and $50K overnight. but I don't keep overnights for this pilot project.
vansmarket
Guest
vansmarket
Guest
$10,000 account with 10X leverage is NOT a hefty goal
it's expected.
you need 85% accurracy to be worthy of being called 'professional' trader.
it's expected.
you need 85% accurracy to be worthy of being called 'professional' trader.
Quote from ess1096:
The amount is only small or large relative to your account. If you are trading a million dollar account it is a tiny goal. If you are trading a $10,000 account it is a hefty goal. It's all relative and only YOU know if it's reasonable.
In any case, good luck.
good luck with your goals; if you focus on trading "your" setups, maintaining discipline and stops, the money will eventually work itself out.
and no affiliation with him, but john carter seems pretty good. i've heard him speak after reading his book (mastering the trade) and both are good.
and no affiliation with him, but john carter seems pretty good. i've heard him speak after reading his book (mastering the trade) and both are good.
Yes, he seemed like alright guy and not one of those gurus, have not heard anything bad either...yet.Quote from gaj:
good luck with your goals; if you focus on trading "your" setups, maintaining discipline and stops, the money will eventually work itself out.
and no affiliation with him, but john carter seems pretty good. i've heard him speak after reading his book (mastering the trade) and both are good.
Quote from vansmarket:
$10,000 account with 10X leverage is NOT a hefty goal
it's expected.
you need 85% accurracy to be worthy of being called 'professional' trader.
OK, where should I begin?
I'm no math wizard, but if you can make 50% returns PER MONTH, that's hefty. Without figuring in compounding that's 600% per year. THAT'S expected?
Most of the BEST traders are only 50% accurate. It's not about how many times you are right, it keeping the losers small and the winners big.
But what do I know?
vansmarket
Guest
the best traders don't stays as traders for long
they move up on to better things. you know what i mean.
they move up on to better things. you know what i mean.
Quote from ess1096:
OK, where should I begin?
I'm no math wizard, but if you can make 50% returns PER MONTH, that's hefty. Without figuring in compounding that's 600% per year. THAT'S expected?
Most of the BEST traders are only 50% accurate. It's not about how many times you are right, it keeping the losers small and the winners big.
But what do I know?
vansmarket
Guest
one other thing you only have 50% chance of being wrong
Quote from ess1096:
OK, where should I begin?
I'm no math wizard, but if you can make 50% returns PER MONTH, that's hefty. Without figuring in compounding that's 600% per year. THAT'S expected?
Most of the BEST traders are only 50% accurate. It's not about how many times you are right, it keeping the losers small and the winners big.
But what do I know?