What;s a good monthly % return for day traders?
- Thread starter chipmunk
- Start date
Maybe you're asking the wrong question?
No 'pro' would look at his/her performance in the terms of 'how much % of capital did I make this month'. It is maybe an end result for the massa to compare, but does this mean that a person with more money and a lesser return in % have done a lesser job then a person with lesser money with more % return?
I really do not see how this question can help you in any way... Maybe for comparison reasons, but comparison is the beginning of all unhappiness...
If you want $250k by the end of 2009 you'll need to earn ~6% per month for the next 16 months beginning in September. This doesn't include taxes from this year.
I was just offering a possible scenario bud. No need to get all frustrated. Given I shouldn't have assumed anything but I was simply saying if 6% was your realistic return per month it'd be the end of 2009.
Sorry for trying to help. I know these boards are a pain but check yourself with the ones who are genuine.
Sorry for trying to help. I know these boards are a pain but check yourself with the ones who are genuine.
it all depends on how you lay out your strategy.
for example. i like to go with very small accounts. i would take a 5000 account (which is a fraction of my money) and risk about 10% on any trade with a strategy that usually gets me about 70% winners, 80% if i count breakeven trades.
what i accomplish with this is basically make about 90 - 120% per month, so essentially doubling this small account.
if my account would represent all my money so let's say i'd park 200K in the account, you can bet your ass that i'd only risk about max 1% on any given trade and get about 9-11%/mo but in terms of money it's the same basic amount per month ....
so again ... your question and the whole thread is irrelevant....
for example. i like to go with very small accounts. i would take a 5000 account (which is a fraction of my money) and risk about 10% on any trade with a strategy that usually gets me about 70% winners, 80% if i count breakeven trades.
what i accomplish with this is basically make about 90 - 120% per month, so essentially doubling this small account.
if my account would represent all my money so let's say i'd park 200K in the account, you can bet your ass that i'd only risk about max 1% on any given trade and get about 9-11%/mo but in terms of money it's the same basic amount per month ....
so again ... your question and the whole thread is irrelevant....