Hi there,
I've read a lot about trading now and done some myself the last few years. I've done a bit better than breakeven last year with very few drawdowns. But I wonder what's really possible trading?
I'd like to do this discussion using Rs instead of % of account etc. because this always depends on how much a person is willing to risk per trade.
1R is the initial Risk you take when you enter a trade. So let's say you're willing to risk 1000$ and you make 3000$ with that trade you made 3R.
I'm not interested in daytrading, what I'm interested in is swing-trading futures, mostly currency-futures on the daily-charts.
How much can you make per trade in a consistent way without risking your head? I didn't find anything that gives me more than +0.3R per trade yet on backtesting.
Now per months in reality I usually was able to make +1R per month doing 3-4 trades.
How much is possible in a consistand way per trade? How much do you make? How good are the pros? I guess you can do a lot better than +0.3R per trade or is that already good? I really have no clue here because usually people say "I do 5% per month" or whatever. But this doesn't tell me much, I can do 10% per month if I risk 10% per trade but I don't want to risk that much. So how much is it in R that you can make?
Also what way do you trade? Do you have a clear system that gives you both entries and exits right away? Or do you have a setup you watch out for, set your stop and then manage the trade? Do you make lots of small profits or every few trades a really big one and that's it? And how many trades do you do? (No daytrades, just position-trades).
Watching out for your comments!
Daniel
I've read a lot about trading now and done some myself the last few years. I've done a bit better than breakeven last year with very few drawdowns. But I wonder what's really possible trading?
I'd like to do this discussion using Rs instead of % of account etc. because this always depends on how much a person is willing to risk per trade.
1R is the initial Risk you take when you enter a trade. So let's say you're willing to risk 1000$ and you make 3000$ with that trade you made 3R.
I'm not interested in daytrading, what I'm interested in is swing-trading futures, mostly currency-futures on the daily-charts.
How much can you make per trade in a consistent way without risking your head? I didn't find anything that gives me more than +0.3R per trade yet on backtesting.
Now per months in reality I usually was able to make +1R per month doing 3-4 trades.
How much is possible in a consistand way per trade? How much do you make? How good are the pros? I guess you can do a lot better than +0.3R per trade or is that already good? I really have no clue here because usually people say "I do 5% per month" or whatever. But this doesn't tell me much, I can do 10% per month if I risk 10% per trade but I don't want to risk that much. So how much is it in R that you can make?
Also what way do you trade? Do you have a clear system that gives you both entries and exits right away? Or do you have a setup you watch out for, set your stop and then manage the trade? Do you make lots of small profits or every few trades a really big one and that's it? And how many trades do you do? (No daytrades, just position-trades).
Watching out for your comments!
Daniel
