So, what does a good trader make per month?

[gmst]

Quote from toolazy:

you were doing well. trap that people fall into - after long period of success and then when system stops working - and are back to start , confirms to me that one has to go for getting rich at max gradient and not for income in trading. after sun stops shining, is time for rest and observing when clouds have passed.

+1

 

[SimpleTrades]

Quote from xelite777:

Jack Hershey should be able to answer your question, according to his post he makes 10% a week!

Yes, 10% a week! At that rate he should be able to multiply his capital 117 times... each year!

Quote from jack hershey:
"Our technique was to make 10% every 6 to 8 days. It worked quite well from day 1. "

When are people on this forum going to learn the difference between between pulling a 10% per week income and compounding at a rate of 10% per week????

 

[xelite777]

Quote from SimpleTrades:

When are people on this forum going to learn the difference between between pulling a 10% per week income and compounding at a rate of 10% per week????

Ok, let's get something straight here : compounding or not, NOBODY can make 10% a week consistently!

Not even Soros or Warren Buffet!!

I will repeat that again: NOBODY can make 10% a week consistently.

The biggest hedge funds in the world cannot even make 10% per year on average and you are talking about making the whole freaking S&P 500 average yearly return (9.77%) every freaking week??

Stop living in La la Land, wake up and smell the coffee.

 

[SimpleTrades]

Quote from xelite777:

Ok, let's get something straight here : compounding or not, NOBODY can 10% a week consistently!

Not even Soros or Warren Buffet!!

I will repeat that again: NOBODY can make 10% a week consistently.

The biggest hedge funds in the world cannot even make 10% per year on average and you are talking about making the whole freaking S&P 500 average yearly return (9.77%) every freaking week?

Stop leaving in La la Land.

While I worked for a Swifttrade offshoot, the expectation was 1%/day.

Whether or not you can produce this result consistently over the long term isn't really the point. I am 100% certain the real goal in trading is to shoot for the moon and then get the hell out of dodge. Having made your millions, INVEST it for the long term. Otherwise, you're going to give it all back to the markets.

 

[SimpleTrades]

Quote from xelite777:


The biggest hedge funds in the world cannot even make 10% per year on average and you are talking about making the whole freaking S&P 500 average yearly return (9.77%) every freaking week??

I also find it funny to see this comparison on this forum all the time. How one "trades" a large hedge fund and how one trades their individual account is fundamentally different. You're comparing apples and oranges.

Think of it in this way:

If a person earns $50,000/yr income, what is their attitude towards $100 versus $100,000? How quickly will they spend $100 versus $100,000?

 

[Trader.Fighter]

Quote from Trader.Fighter:

If 4% per month CONSISTENTLY is such an easy feat, anyone cares to demonstrate the latent, just for the previous two years?

Thank you

Anyone?

 

[xelite777]

Quote from SimpleTrades:

While I worked for a Swifttrade offshoot, the expectation was 1%/day.

You mean like making 1% on Monday and losing 79% on Tuesday?

Quote from SimpleTrades:I am 100% certain the real goal in trading is to shoot for the moon and then get the hell out of dodge.

Vegas, here I come!

Enough of this nonsense.

 

[SimpleTrades]

Quote from Trader.Fighter:

Anyone?

Who claimed its easy?? Can you prove that it is impossible to earn 10%/wk for two years"?

 

[SimpleTrades]

Quote from xelite777:


Vegas, here I come!

Enough of this nonsense.

No, recognize your edge and seize its advantage for as long as you can. Then cut, and run.

 

[Trader.Fighter]

Quote from SimpleTrades:

Who claimed its easy?? Can you prove that it is impossible to earn 10%/wk for two years"?

Can you prove God exists?

I know He does.