What;s a good monthly % return for day traders?

[alex.samant]

it all depends on you and your goals....% is irrelevant because this is not a contest so you really shouldn't care about how everyone else is doing.

you can make money consistently... fine. then design a plan and start diggin.

 

[Jayford]

Quote from alex.samant:

see, even with 70% winners with a 1:0.8 risk:reward i'm not thinking of making millions in the market.... everybody serious knows that markets change the way they behave and putting your trust in your strategy and building a long term plan on a strategy is a failing school of thought... instead i prefer investing penny by penny in other vehicles that are far more tangible than the markets.

not true. I have been at this as my sole profession for years, and my accuracy has hardly changed at all. I can estimate what I am going to make based on how many trades i make. I get a certain average per contract over the long run. This number does not change in summer markets, etc.

markets change of course, but if you are a very short term day trader, as in minutes or less, you will not be affected by this stuff. I have been using the same few setups for about a decade, and no changes whatsoever.

 

[GermanTrader]

Quote from Jayford:

markets change of course, but if you are a very short term day trader, as in minutes or less, you will not be affected by this stuff. I have been using the same few setups for about a decade, and no changes whatsoever.

Well said. I also trade quickly, somewhere between scaper and short-term trader. Same story, second verse regarding my systems. Once I got the damned things to work, I haven't needed to tweak them much over the years to stay profitable.

 

[crgarcia]

Quote from chipmunk:

I've asked this before but can never seem to get a repsonse.

What is a reasonable monthly % R.O.I. for a good day trader?

I am guessing 5% to 10% for the serious pro's?

Please no " I make 60% per month..." LOL Spanish. Talk about gambling.

In average, not losing money is quite good; as most daytraders lose money.

 

[Jayford]

Quote from crgarcia:

In average, not losing money is quite good; as most daytraders lose money.

most just blow up before they learn the ropes I think. The rest just don't get the "mental" thing.

I believe the mechanics are quite easy to learn. Accepting that you are wrong half the time is the tough part.

 

[filter_sweep]

Quote from Buy1Sell2:

If you can keep your losses to around 5 -10 percent monthly, you will be doing extremely well. Thank you for your time.

Best response I've ever seen to this question (which gets asked a lot). Brilliant!