Forget about this fella, he's either a bull******, a boaster or someone with very low self-esteem that needs to be loved and craves to be spoken about.
How for example can anyone for example suggest that 'making' £1k a day off £50k might be 'poor'.
Or perhaps he's setting up a load of gullible mugs because he's got big plans to start selling something in the future...........
Forget about this fella, he's either a bull******, a boaster or someone with very low self-esteem that needs to be loved and craves to be spoken about.
How for example can anyone for example suggest that 'making' £1k a day off £50k might be 'poor'.
Or perhaps he's setting up a load of gullible mugs because he's got big plans to start selling something in the future...........
no...i don't take into account 'correlation of markets'....
I treat and trade every instrument that I follow independently.....I leave correlation to mathematicians and astrologers.....
I have found that this business only gets tough when one risks more money than they can afford to lose, coupled with talk of becoming a millionaire from a few grand overnight....these are pipe dreams.
Ambitions exceeding talent,self control and patience...is what results in failure.
Those who talk about becoming millionaires, rarely become millionaires. Those that just talk plain negatively all the time have become bitter, nursing wounds of failing opportunities, failing to come to terms with what is the past, which cannot be changed..... those that just get on with the work in hand, drawing a line under failures eventually....succeed!
I started this thread so that I could gauge my performance amongst peers....hoping to learn something and consequently possibly contribute to the traders community. I don't want to get into negative bitching matches with 'bitter dinosaurs'....live and let live baby.
Anley....
It because of unnecessary and unfounded negative post like your that we don't hear many success stories here.
Its important to share experiences of failure and success.
Some have said that 2% net return per day is good, some have said that it is poor....I was surprised by the comments, saying that 2 percent is excellent as I had been under the impression / feeling that I had been under performing.
For those that replied thanks for the feedback....
What some people need to realize is that while percentages are fine, you can not live from them
Which means one need enough an account size to make it worthwhile, in absolute numbers. Gaining 1% per day is good - seriously. 2% imho is very good. Again, as average - I would seriously expect days with more than 5%, sometimes, but this is not "normal".
But it also means one needs to run 10.000 USD "minimum" in order to make a living. Do not forget you also need to pay for holidays, and the costs involved (computers etc.) Rather have 20.000 to 50.000 usd - minimum.
USD 200 to 500 a day may work, especially if one manages to save some of that to grow the accountAnd that not too slowly
IMHO one should plan living on 25% of the income generated, maximum![]()
What some people need to realize is that while percentages are fine, you can not live from them
Which means one need enough an account size to make it worthwhile, in absolute numbers. Gaining 1% per day is good - seriously. 2% imho is very good. Again, as average - I would seriously expect days with more than 5%, sometimes, but this is not "normal".
But it also means one needs to run 10.000 USD "minimum" in order to make a living. Do not forget you also need to pay for holidays, and the costs involved (computers etc.) Rather have 20.000 to 50.000 usd - minimum.
USD 200 to 500 a day may work, especially if one manages to save some of that to grow the accountAnd that not too slowly
IMHO one should plan living on 25% of the income generated, maximum![]()
Anley....
Some have said that 2% net return per day is good, some have said that it is poor....I was surprised by the comments, saying that 2 percent is excellent as I had been under the impression / feeling that I had been under performing.
You'd have been better off just quoting 2% a day like Rossini.
For some reason BSers always pick £1k a day as an amount they are making. Don't know why, maybe because they're not very creative BSers.
Percentages are a common ground everyone can relate to.
Now, now. Not so negative please![]()