£1,000 starting bank
After just 12 months you would be sitting on £378,552.
After 24 months you would be sitting on £143,302,033.
I would say that is a bit more than 'reasonable'
I'll stick with my ambition of a paltry 5% a month 😉
Also quote, Ja wrote: I will be happy with 40% at the end of the year......................
Well well, what do you know, my performance now is 47.27% monthly (according to myfxbook autocalculator) after about 5 weeks.
But no, I don't think I'd be a millionaire any time soon, because I don't do much compounding, I like to progressively reduce my risk as my capital grows. I don't know how to calculate my %gain would be after 1year given consistent performance and my compounding usage. I So, I'll wait for myfxbook to tell me. To get an idea, if I don't compound at all and make say consistent 30% of original investment every month, forget about the 47.27%, I should end up with with 360% of original investment after 12 months. Do you think that's 'unreasonable'?
360% ROI per year is HUGE. Your risk must also be huge.
Fair enough if you're risking money that you wouldn't lose any sleep over if it all disappeared in a day. But I just can't see how it's possible to make 360% annual gains without subjecting your capital to considerable risk. The higher the risk your capital is exposed to, the more chance you have of it all going pear shaped and blowing an account.
If you've got a large risk appetite, then that's cool I suppose.
Have you never wondered why institutional traders only look to make less in a year than most retail traders try to make in a week? Preservation and protection of capital. That will generally make more money in the long run that taking large risks to make large profits.
I'm not saying you won't be hugely successful at the end of the year, you're clearly doing something right! But all I mean is that such large gains need large risk exposure, so you're more likely to lose substantial capital than someone making smaller gains with smaller risk exposure.