Share
Reasonable monthly/ annual returns
| Suscribirse a este tema | Anterior 1 2 3 4 5 6 7 8 .. 9 Siguiente |
|
Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Dec 13 2010 at 19:28
I am aiming at this and somewhat higher at my account. I have no $1 mil and hopefully I will be able to start building my own account up starting March 2011 by adding monthly $ and trading it up. when I can make 5-6% consistently with 1% risk per trade I will be looking for investors as well. It doe snot matter what size of account until it is a really big one. The most important is consistency and risk control.
|
|
|
|
Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Dec 13 2010 at 19:33
I think people here should not forget that I am only 2 years and a couple of months in this business at all. I am still learning and improving. same time last year I was struggling to make 1-2% monthly and 2% DD was a horrible thing to me. Now I had up to 7% months, vast majority of my months are profitable and October would have been 10-12% month had I closed my winning positions in full instead of closing half and moving stop to BE.
I have tendency to sabotage my results like it happened in November. What I need to do is to reduce mistakes and also reduce DD in losing months plus improving overall performance. |
|
|
Miembro desde Nov 18, 2009 735 mensajes
speki
Dec 13 2010 at 21:24
What is a really big account? In other words, what's the range where size does not matter? From-to?
Elemental question ... Chikot posted: It doe snot matter what size of account until it is a really big one. Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
|
|
|
Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Dec 13 2010 at 21:28
I would say $100 000 - $2 000 000 would not have liquidity problems if to trade with 1% risk per trade and stop of 40-100 pips.
|
|
|
|
Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Dec 13 2010 at 21:35
I enter only with limit/ stop orders.
|
|
|
|
Miembro desde Nov 18, 2009 735 mensajes
speki
Dec 13 2010 at 21:40
I see, you're talking about the technical side. I meant the mental side - there may be a difference between a cents account and a bigger one. You may meet people who pay more for their car insurance than your entire trading capital. And you may meet ones who spend less on food than your average losing position.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
|
|
|
Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Dec 13 2010 at 22:25
I see, no , no problem on mental side. I know that what matters is %. As long as I follow proper risk control/ money management I will be fine. I trade money I cannot afford to lose for now. Hopefully I will start adding money monthly to my account starting march. knock the wood. I would really love to trade bigger amount of my own money.
|
|
|
|
Miembro desde Nov 18, 2009 735 mensajes
speki
Dec 13 2010 at 23:46
I like confident people and I like optimists too. And you sound like a confident optimist. Can't be bad.
I envy you if you have no mental problems - one sane person in this crazy world.  But be careful with serious trading - it can become a 9-5 job easily. And where's the freedom them? Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
|
|
|
Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Dec 13 2010 at 23:50
:) It is not bringing me any money yet, but it is already 12-7 job for me.
|
|
|
|
Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Dec 14 2010 at 00:54
Man , I love this tune and clip. 80's, there was no better time!
speki posted: I like confident people and I like optimists too. And you sound like a confident optimist. Can't be bad. I envy you if you have no mental problems - one sane person in this crazy world. But be careful with serious trading - it can become a 9-5 job easily. And where's the freedom them? |
| Suscribirse a este tema | Anterior 1 2 3 4 5 6 7 8 .. 9 Siguiente |
