So, what does a good trader make per month?

Quote from jinxu:

You think small.
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Really? Making 60% a year is easy then, eh?

You guys live in Fantasy Island or what? No wonder most traders lose, with that kind of silly expectation!

Listen, Warren Buffet will pay you billions to make 60% a year ROI for him. Heck, he would be thrilled if you could make just 30% a year consistently!

Please stop dreaming and come back to mother Earth.
 
Quote from Swan Noir:

I only suggested that making 4% monthly on $100,000 dollars probably wont keep him in the game.
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You are obviously not fully aware of the power of compounding.

Make 4% a month with a $100.000 bankroll and at the end of the year you will earn $60.000 (60% compound return), which is more than the median household income in the entire United States ($46,326)!

Now you have $160.000 to trade with (we will forget taxes to simplify).

At the end of Year 2 you now have $256.000 and you made $8,000 a month on average during that second year.

At the end of Year 3... well you get the idea.

And all that with a "lousy" 4% a month return!

So, again, find a trading system that gives you 4% a month on average and you are set for life.
 
Quote from bat1:

What's good and what's bad?


I can't find anything on what traders make

Right now I'm playing with 100k and making about 4 grand out
of it is this good fair or bad? per month

We all know what rookie football players make then
what pros make

what about Traders?
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Good is when you take the Mcdonalds wage in your area/2.

Bad... I don't even dare to tell you.
 
Quote from njrookie1:

do not worry about money. worry about consistency.

if you can keep up with $4k out of $100K every month, you can easily expand to $8k/$200k for a $100K yearly income from trading.

the common figure to "make it" in trading seems to be 250K a year consistently. year in and year out.

1k a day keeps the boss away.
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There you go.
 
Quote from billyjoerob:

power of compounding vs. law of large numbers - who wins? at first, poc puts up win after win. In the end, loln always wins.
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Well, if you are making at least 250K a year from your trading and you are over 50, then you can stop compounding and spend the next 30 or 40 years on Easy Street.
 
The incredible lack of your freakin' ability to read is becoming tedious. I raised (which you don't include in your excerpt of my quote) the minor issues of rent and food. How freakin' far does $4,000 a month go in modern America. After he puts a roof over his head, pays for food and maybe a car and once in awhile a movie he is tapped. Not everyone lives with dear old mom.

What is left to compound? Compounding only works with the money you save not on what you spend to survive. BTW ... you can't simplify by forgetting taxes. The IRS hates that.

What is absurd is your eagerness to pretend that I characterized 4% monthly as lousy. I never posted that or anything similar. Be ignorant if you choose but do not lie about what anyone else has posted.

Quote from xelite777:

You are obviously not fully aware of the power of compounding.

Make 4% a month with a $100.000 bankroll and at the end of the year you will earn $60.000 (60% compound return), which is more than the median household income in the entire United States ($46,326)!

Now you have $160.000 to trade with (we will forget taxes to simplify).

At the end of Year 2 you now have $256.000 and you made $8,000 a month on average during that second year.

At the end of Year 3... well you get the idea.

And all that with a "lousy" 4% a month return!

So, again, find a trading system that gives you 4% a month on average and you are set for life.
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Quote from Swan Noir:



Compounding only works with the money you save not on what you spend to survive.
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What??

Where did I ever say that we should trade with rent and grocery money??

Real traders only trade with "risk capital" , not food and rent money.

Anyway.
 
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