So, what does a good trader make per month?
- Thread starter bat1
- Start date
You are kidding, right?
My friend, 4% a month = 60% a year compounded, more than 6 times the average annual return of the S&P 500!!
The overwhelming majority of hedge funds cannot even beat the freaking S&P 500 (9.77% average yearly return) and you are talking about making 60% a year consistently, and for you it's a lousy return?!?!
Yeah, sure, whatever.
full of honesty : my respects.
and has the priorities right :
warren buffet : rule number 1: "do not lose money". same as 2 ,
3 being go back to rule number1
I imagine this is figure that is as varied as the individuals who make up the class "good traders."
No ... I'm not kidding. I didn't say he had to do better than 4%; what I said was he either needed more capital than his $100,000 or do better than the 4%. In the real world traders must pay rent and put food on the table. How far does $4,000 a month go?
Assuming he lives in the US it probably does not allow him to build capital. Doing better than the S&P or beating nearly every hedge fund in the world does not make that $4,000 go further. BTW ... I never said it was a lousy return. Where you came up with that I don't know but it is not from my post. I only suggested that making 4% monthly on $100,000 dollars probably wont keep him in the game. On $300,000 that 4% computes just fine. Depending on where he lives it might compute on $200,000 but the equation he talks about makes it a tough go. Not impossible but a tough go if he stalls there without more capital. He sounds like he is new to the game and may well get even better. There is no rule that says that 4% monthly can't go to 6% or down to 1%.
Assuming he lives in the US it probably does not allow him to build capital. Doing better than the S&P or beating nearly every hedge fund in the world does not make that $4,000 go further. BTW ... I never said it was a lousy return. Where you came up with that I don't know but it is not from my post. I only suggested that making 4% monthly on $100,000 dollars probably wont keep him in the game. On $300,000 that 4% computes just fine. Depending on where he lives it might compute on $200,000 but the equation he talks about makes it a tough go. Not impossible but a tough go if he stalls there without more capital. He sounds like he is new to the game and may well get even better. There is no rule that says that 4% monthly can't go to 6% or down to 1%.
And you live in a fart cloud.