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Professional4X
Jul 08 2019 at 19:56
1189 posts
trendfollowers posted:
Looking back at my newbie days, the most precious advice I had would be : There's no such thing as a holy grail, you are the creator of your holy grail. Steer clear of martingales (debatable, but not to me) But the most important thing: You see many systems that give ludicrous returns. The world's top hedge funds, managing millions of dollars aim for realistic returns. A figure you can count with your fingers. If they are extremely lucky their toes as well.


EXACTLY. Well said.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
walpants
Jul 09 2019 at 20:59
44 posts
thank you for all your comments

Mulberry
Jul 10 2019 at 09:08
11 posts
So is 10-20% a year considered a good return? That seems very low to me. Or is that 10-20% per month? That would be better for me

Professional4X
Jul 10 2019 at 20:25
1189 posts
Mulberry posted:
So is 10-20% a year considered a good return? That seems very low to me. Or is that 10-20% per month? That would be better for me


25% annual ROI is a very good return.

25% annual ROI only requires approximately 2.1% profits per month.

Consider if you have a live trading account with $400,000.00 USD investment capital.

A flat 25% return would give you an annual profit of $100,000.00 USD.

While I do understand that an account balance of $400,000.00 USD is a considerable amount of money, it isn't an impossible investment amount to build up to over time. T

With a $100,000.00 USD per year a person can live a fairly comfortable life regardless of where they live.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
smith_fx
Jul 22 2019 at 05:23
25 posts
walpants posted:
Ok so I'm looking for some help in creating my trading plan, what should I be thinking about when putting it together? what kind of things do I need to have in it? do I even need one at all?
Any help anyone can give would be very much appreciated as I'm feeling a little overwhelmed.


Definitely you need a trading plan!
With a sound trading plan you will be able to understand when to take profit , stop losses ,how much to trade and what other opportunities you can take advantage of. Most importantly it will tell you when to trade and when not to. Some things that you must include in your trading plan are :
      
    • Decide on capital – Decide how much you want or you can invest in trading. Never risk more than you can afford to lose.
      
    • Time commitment – Decide how much and which time you can devote to trading whether during the day , at work ,after work, evenings or at night.
      
    • Determine your goals – You must have SMART goals . They must be specific, measurable,attainable, relevant and time bound.
      
    • Risk – reward ratio – Next your plan must include how much risk you are willing to take for a specific investment. Calculate risk reward ratios for possible investment opportunities.
      
    • Markets to trade – Which are the markets you can invest in say forex, commodities , stocks etc.
      
    • Entry and Exit rules – Traders should never miss out on formulating rules for entry and exit . These rules may save you from a loss bearing trade.
      
    • Maintain records – a trader must maintain records of the trades placed , the date time, profits and losses.

Madalyn
Jul 22 2019 at 13:01
31 posts
walpants posted:
Ok so I'm looking for some help in creating my trading plan, what should I be thinking about when putting it together? what kind of things do I need to have in it? do I even need one at all?
Any help anyone can give would be very much appreciated as I'm feeling a little overwhelmed.


Following

Madalyn
Jul 23 2019 at 08:36
31 posts
Professional4X posted:
Mulberry posted:
So is 10-20% a year considered a good return? That seems very low to me. Or is that 10-20% per month? That would be better for me


25% annual ROI is a very good return.

25% annual ROI only requires approximately 2.1% profits per month.

Consider if you have a live trading account with $400,000.00 USD investment capital.

A flat 25% return would give you an annual profit of $100,000.00 USD.

While I do understand that an account balance of $400,000.00 USD is a considerable amount of money, it isn't an impossible investment amount to build up to over time. T

With a $100,000.00 USD per year a person can live a fairly comfortable life regardless of where they live.



What if you are only starting with say £3000 though?

Madalyn
Jul 23 2019 at 08:36
31 posts
I have seen people quote 10-20% a month as a realistic aim?

Professional4X
Jul 23 2019 at 21:54
1189 posts
Madalyn posted:
Professional4X posted:
Mulberry posted:
So is 10-20% a year considered a good return? That seems very low to me. Or is that 10-20% per month? That would be better for me


25% annual ROI is a very good return.

25% annual ROI only requires approximately 2.1% profits per month.

Consider if you have a live trading account with $400,000.00 USD investment capital.

A flat 25% return would give you an annual profit of $100,000.00 USD.

While I do understand that an account balance of $400,000.00 USD is a considerable amount of money, it isn't an impossible investment amount to build up to over time. T

With a $100,000.00 USD per year a person can live a fairly comfortable life regardless of where they live.



What if you are only starting with say £3000 though?


If you make a flat annual 25% ROI on your investment then it's simple math.

25% ROI on $400,000.00 is $100,000.00 ROI profit.

25% ROI on $4000.00 is $1000.00 annual ROI profit.

To be more specific in answer to your question, a flat 25% ROI on £3000.00 is £750.00 ROI profit.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
trendfollowers
Jul 24 2019 at 18:37
276 posts
I don't mean to brag...no scrap that, I do...2-5% a month is my aim.
I definitely think a decade of researching and eventually building my own 'holy grail' earns one bragging rights.
If I exceed my target, all good. No, it is not a martingale, even the autoprovider qualification checks think it is.. Erm hello? Ever heard of multiple trades opening at once? with different lot sizes? But it wasn't all moonshine and roses.. It took quite a bit of late night research. Plenty of demoing, plenty of interacting - et cetera.

If you want to go fast, go alone. If you want to go far..Go together..
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