Trading for big returns

Im in a similar position as you,but with much more experience...

I have a core business which is market making,and its as riskless as riskless can be..Its a Very low margin business and commissions are apx 25 percent of my P and L ,and that's with very low rates..

Imho,my returns are capped at apx 40 percent with the capital I employ..Im not looking to raise money,and My strategy/ risk tolerance can't accommodate much more than 2- 3 bucks...ild be thrilled to be wrong

Like yourself,I am looking to take on more risk,and take "shots", but I will only risk a percentage of what I am up..

I had a good 3 months,so from here on in,I risk half my Daily P and L on discretionary bets.....

It's the only way I MAY knock the cover off the ball..
 
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taowave said:
Im in a similar position as you,but with much more experience...

...

Like yourself,I am looking to take on more risk,and take "shots", but I will only risk a percentage of what I am up..

I had a good 3 months,so from here on in,I risk half my Daily P and L on discretionary bets.....

It's the only way I MAY knock the cover off the ball..
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With your experience have you done this type of thing before? Taken "shots" with some percentage your accumulated PnL? How did it work out? Do you gain a feel for your risk tolerance only after having gone for it?
 
There is no fixed answer. It depends on your preference, whatever you are comfortable with losing you can set that amount to go for those plays with higher returns but bigger risks.
 
When I take shots on a percentage of profits,Im good with the loss..

I also realize that I can not physically/mentally keep on grinding at my core business,and that's assuming my "edge" doesn't vaporize..

I am on track to trade over 1 million option contracts this year,and it's too much mind numbing screen time..

I also agree with Holy Grail Seeker and comfort zones..








cadig said:
With your experience have you done this type of thing before? Taken "shots" with some percentage your accumulated PnL? How did it work out? Do you gain a feel for your risk tolerance only after having gone for it?
More...
 
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Returns depend on risk management. To a large extent, it depends on how much capital is available, how many opportunities you can explore and your knowledge of technical analysis.
 
Everyone wants to make a lot of bucks by trading. To earn that, one must have a thorough understanding of the forex market. You can't expect to make a fortune overnight. It all demands patience and focus.
 
You need to have good experience and practice to shine in the forex market.Consistency and a thorough understanding of the forex market might help you earn a huge profit on your trade.
 
If there was a guarantee of returns in the forex market, it would have been called a job and not a business. It is okay to expect and plan for bigger returns, but you must be prepared for the losses also. Think like a businessman and don’t expect the market to give you a fixed salary.
 
It's obvious you want your thoughts be supported somehow, but with bigger leverage there are not only bigger profits. Read your post again and ask yourself if you're ready for that (there are many hints haha).
take your time
 
mercury-croc said:
It's obvious you want your thoughts be supported somehow, but with bigger leverage there are not only bigger profits. Read your post again and ask yourself if you're ready for that (there are many hints haha).
take your time
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Insecurity does not make for good trading, which is why you are probably correct here, sensing a confidence level that is not up to stomaching Forex, a trait that will cause self-doubt, and cause large losses. Needing support is the tell, instead of discussing craft or technique.
 
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