I was thinking about that as you posted - and I reckonned perhaps $16,000, but ok it was only in my head and very rough.
Many years ago I found a set of circumstances which doubled my account on every bet, but I had to bet 25% to do so and those circumstances only happened 1-3 times a year. I did it 3 times only and it was betting the DOW, not Forex. I never had a loser, but it would certainly have had to happen sooner or later.
Trouble is with that infrequency, you get bored looking at the charts and wander off to do “Other things” - and my "double was nowhere near 25% / month on average.
I believe there may be certain paople who could do it - but they would be “Autistics” - with that genius an occsional one of them has in certain subjects. Privided they were just OCD to the extent of only being interested in this subject.
For normal mortals, I agree with you entirely - NO it isn’t - especially not for someone who is a newbie to the extent that they do not even realise just how difficult that would be.
Tbh, just surviving for 6 months is sufficient challenge for a newbie. Not surviving with a profit, just surviving with any money left in your a ccount at all !
TBH at those aspirations and given a PhD level of maths - you have a far better chance of those sort of returns, playing online poker or Backgammon
[Edit - like this Guy - who is a pro at both of those games and also a maths genius ! ]
Hey @endgameinfinity… Even if you could replicate a quarter of that result on a Live account… it’s a great start.
Unfortunately it’s different when trading Live…fear and uncertainty will creep into the decision making, the main reason the money/risk profile above is successful is the power of compounding and the use of micro lot sizes… your SL is hit you lose $6.00 (it’s a cup of coffee). Even leverage is irrelevant because you open 1 (maybe with experience 2) positions at the one time which leaves plenty in reserve…
If you could remain disciplined for even longer periods, the same profile will yield ~$1,100 after 90 days and ~$11,100 after 12 months…exposing you to only 1.2% risk on every position you open…
You’ve only got to look over and follow Dennis’s SW thread, a perfectly documented, proven strategy which will help in you in choosing a pairs direction with enhanced success…
Straightforward answer , if you know how to manage risk and money when trading even when market moves at random then there is a chance to ensure 25-35% return according to your trading balance.
I appreciate the response. I agree with you that real money is different but for me it’s not as different as it is for others because as losery as this sounds, I am used to losing money as I’ve been a business owner in the past on several occasions. In any case with the demo account I am using about 85% of my account towards margin so yes it is risky but I feel at least at the moment the benefits outweigh the risks, but I suppose I’ve always been a risk on type personality. I will read Dennis’s though. BTW you must live in NY, SF, or LA because I have never paid $6 for a cup of coffee
If you’re trading a demo account or a small account that means little to you, then yes, 25%, 100% or even more is possible, it’s certainly not maintainable though. Don’t under estimate the discipline of physiology, with a bigger account even the ‘norm’ becomes magnified on an emotional level.
25% a month is a wonderful thought and nice to ponder upon whilst travelling to your usual day job each morning, but it’s not reality
Personally, I usually risk 3% of my account balance on a single trade and struggle to maintain an average of over 8% per month. But, i’m a wired gambler and always have been.
I had one experience last week where I went to a Roulette table. Starting with $200 i was betting $50 on a spin with no care in world. When I grew this to $15k in the same session I was unable to put down $3.75k [the same 25% risk as when I had $200] on a single spin; not because I wasn’t allowed,but because emotionally I couldn’t handle it.
Sure Roulette is not the same as trading, but my god, when the money gets big the emotions will kick in.
Edit: FYI: The end story was that I walked away with $0 after the end of the night… $15k to $0 - the next morning I was furious
That may well be, but i didn’t make that in a month it only took 7 days. I expect to make at least 150% in 21 business days. Also if I were to assess my risk appetite using a bell curve, I would be an extreme outlier on the “on” side.
If you decide to go Live… just develop a way to lower the risk profile… ie: Maybe 0.2…0.3 lots per position to curb drawdown and use of margin… Maybe have less open positions at one time (still $1000+ pcm), a huge result…
Keep it up for a couple of months and then you’re no longer risking your money…
Yeah Im pretty excited I should be up and running with at least a grand by two weeks from now. Also I will look into that quality coffee you speak of sounds interesting.
Yes its possible, as long as we can making good trading result, very possible making these profit based on monthly, but maybe not easy to making this consistent, on trading might not always will get profit, sometime also loss occured, as long as you already having good profitable system and strategy, still very possible making 25% monthly
With small capital sometimes it is possible. But consistently 25% every month is not possible. Even world renowned hedge fund can’t make 25% a year let alone a month. And they have all the modern facilities and expert traders. So the target should match with our trading skills and abilities.
You’re right, of course - but this isn’t what he wants to hear.
It’s another one of those “I only want to hear from people who share my own perceptions” threads.
It’s another way of saying “Nobody with real experience or any long-term success or a trading career should reply. Only dream-world hopers, here, please”.
Responses from Trendwithbenefits are welcome in these threads - not so much posts by anyone who might actually know what they’re talking about.
