Well done W, except, I have never seen and independently verified account of one of the 600% per month traders or even a 4% per month traders, so all of these claims are unverified and fall into the realm of "if You Believe you will Succeed’ Mantra that you so eloquently pointed out.
As far as hedge funds, I have heard the claim of “too big to make more” for years, but it really does not hold up to scrutiny. What “empirical” proof is there that an individual, trading at home, can beat the major trading houses, let alone make 5 - 20%, per month, and I’ll tell you what, if someone would put up a verifiable Blotter,(certified by a Licensed broker, located in either Great Britain, Australia, Canada, USA, Japan, Germany, France, Switzerland, or other jurisdiction that has a law or two) and audited by a reputable/recognized accounting firm, that shows 10% per month, for a three year period of time, I will leave all message boards and never upset you again.
But this will never happen, so as far as your claim of me saying [quote=“WestBam, post:19, topic:115797”]
“if you belive you will suceed”.sp
I am saying the exact opposite, and perhaps there is a language difference, so allow me to elucidate. You cannot predict with any certainty that anyone one will make any money trading, let alone set goals, or estimate income. These concepts may work in standard business models, where selling a product or service can be quantified by empirical evidence, perhaps focus groups, marketing gurus and such. In trading there is none of that, the amount one makes is dependent on the trader and market conditions, to encourage anyone, by saying well in x amount of years you should be able to make x amount etc, is in my opinion, irresponsible. You, me, _bob, whomever, cannot tell if an individual will be able to trade, most folks cannot, so if they may not be able to trade, how can one estimate how much bank they can make.
Which is why I prefer to be cautious, no one should ever give up the only revenue stream they have, for example quitting a job, or using all of their retirement money, to take up trading, is dangerous. It is not like going from one job to another, where you contract for a specific salary, in trading you cannot know how much you will make per year. This is also why my viewpoint is Trade Well, if you do the money will come naturally, you don’t limit yourself, or push yourself, you just take trades according to your trading plan for each trade.
W, I agree that trading, OPM as I do, or trading your own account, if you have a big enough nut, is, in one word “freedom”. It is an enjoyable and engaging, sometimes boring endeavor, that is never static. But with that said I strongly disagree with any statement that tries to put a fixed number on how much one can make, and don’t get me wrong, it’s not just you, but anyone. We disagree, and that’s all, no worries.
But again, if the OP wants to start trading I urge, caution, patience, and discernment, this will keep you from wasting time and money.
The Ever Traders Life VIPER