Realistic Monthly Trading Profit? -
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thread: Realistic Monthly Trading Profit?

  1. #31
    Member Bates's Avatar
    42
    Is that a true account or a demo account? When it is a true account that looks like a very nice job up to now. However you need to be careful. After money is involved, your emotions will play a larger part too. You need to ask yourself if it's still possible to hold on to your plan with discipline when things go bad for a few days or maybe weeks.

  2. #32
    Junior Member ABarralesL's Avatar
    22
    These are my trading stats for Jan..

  3. #33
    Junior Member ABarralesL's Avatar
    22
    Manual.

  4. #34
    Are you running trading or an EA ?

  5. #35
    Junior Member ABarralesL's Avatar
    22
    Thanks for the advice! In terms of drawdowns, I have been quite conservative. My net profit is 66% (approximately 2000 ) but my max drawdown is 2.93%.

  6. #36
    Junior Member javier03bcn's Avatar
    28
    The average monthly revenue, about 99.99% of all traders generate, traders who do not work for a bank or any finance, is about -15%. Every six months or so, they shed THE LAST DEPOSIT made in their account. Each LP understands that simple fact of trading...

    Only few traders differ in the audience. Like one in ten thousand or something. A few of these Magicians, I call them make 40% (and) over each month.

  7. #37
    If you can average anything around 10% monthly or over it is superb.

    I've stats for one conservative way on multiple pairs that is around that level.

    But, as I think DemoAntares was trying to point out, it is actually not a pertinent question, and it'll do you no good to hear exactly what tens of thousands of individuals get as a typical.

    1st, since most individuals are losing long term. Plenty of personalities doing 150 percent per month. . .but in 6 months they don't have any account. If it was live!
    I would politely suggest that you perform 66 percent in 20 times in an account is unsustainable. The drawdowns are proportional to gains in almost any method, and (assuming it is not a $200 account where minute lot sizes impact your outcomes) it sounds like you're carrying too much risk.

    2nd, since it is going to fool you into believing you'll find this every month. As DemoAntares said, acquiring a quota of any kind will put undue pressure on you.
    In averaging 10% per month with any method, you will have 20% months, 5% months, -10% months. . .it's not linear.
    Averages are deceiving because based on the system you could have a smooth stable ride, along with a roller coaster of ups and downs down for you that average 10%. But you can only ever choose what the market gives from the way you use.
    Force it, and you'll lose all of it, or end up shing and shing methods at the smallest under doing month.

    As you exchange more, and with more capital you are soon going to decide what is tolerable as a drawdown for you. 40% may be okay right now, but you will want to ask yourself if your system is subsequently the most efficient way to average 10%?
    I understand mine changed dramatically after the 1st two years. I don't want roller coasters anymore. My max DD in the previous two years with that one is 7 percent. That is acceptable to me.

  8. #38
    Junior Member ABarralesL's Avatar
    22
    Thank you for the advice. I might have phrased the question wrongly. I was looking for profitable traders' data. Even though they might not base their egy on such a fallible system, they will nonetheless have recorded yearly losses/profits. So I was searching for these data.

  9. #39
    You absolutely, as a new trader (even when you're experienced), need to eliminate your mindset from actual money/percentage targets. It's dangerous, and you will fail very likely. Think of your account as a thing that doesn't like being told/suggested what to do - instead, consider it as a thing that can do what it could WHEN the opportunity presents itself. Considering market is a live beast, if you decide on a actual monthly/weekly or another target, you might not be at the opportunity to get it that month/week etc - so you may inadvertently change your system/egy in order to meet your target - by doing this - well. . .that's why such a large number of us retail traders neglect.

  10. #40
    Junior Member ABarralesL's Avatar
    22
    I made 66 percent up to now, but I know thats due to recent volatility. Thus looking for average gains information.

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