Quote:
Originally Posted by rhodytrader
You may not realize this, but you ask an incredibly vague question. There are too many details left out. What trading timeframe are you talking about? How much risk are you willing to accept? Those are just the starting point.
You are by no means the first to ask the question, and certainly won't be the last. It's just the wrong mindset. Unfortunately, the opportunity for big profits is what pulls most folks in to the markets in the first place.
To have a long-term profitable stay in the markets you need to first understand how you are best suited to approach the markets. Once you've got that figured out, you can start developing return expectations.
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Sorry for excluding the details, what if we are looking at an intraday trader who enters SL of 20 pips and trades in 1 mini lots at any one time?