Good question.
That’s also a very specific question, so let’s see if we can give it a very specific answer.
To see how to make an average profit of £30 from each trade, let’s simplify the maths by making some assumptions, and see if that helps you.
It won’t necessarily be 100% accurate, but it will show you how to work out whether or not it’s possible, anyway.
Let’s assume that every time you take a trade, your profit from it, if it wins, is the same size as the loss you’d make if it loses (everyone has some losing trades, and you have to allow for those, too!).
Let’s also assume that you win twice as often as you lose (big assumption, here!), so out of every three trades you do, you win two and lose only one.
To make an average profit of £30 per trade, allowing for one third of your trades to be losers, that would mean that over the course of three trades you’d need to win £90, so that two losses and win come to £90, collectively.
You’d therefore need the size of each trade’s win or loss to be worth £90: that way, over three trades, you win £90 twice (+£180) and you lose £90 once (-£90) and your balance is therefore +£90 (that’s £180 - £90) over three trades, or £30 per trade.
So, as you can see, you’d need to making “£90-size trades” to average £30 per trade if you’re winning two thirds of them.
The next question is how much money you’d need in your trading account to make “£90-size” trades.
Here, we’ll assume that every time you make a trade, you’re risking 1% of your account capital, so that if a trade loses, it takes away only 1% of your funds. That means that your account size needs to be £9,000.
So the answer’s yes: you can average out at +£30 per trade, if you have a two-in-three win-rate for your trades, and a £9,000 account.
You might be able to do it with a smaller account than £9,000, by risking more than 1% per trade, but that would be much riskier.
Note also that we haven’t allowed anything for dealing-costs (spread/commissions): we’ve just assumed that those were included in the net results of each trade.
So, that shows you what’s involved, and (roughly) how to work it out.
The question is: can you develop a trading style that has a win-rate of two thirds (66.7%) with equal-size targets and stop-losses? Well, the answer is that you [I]can[/I], and there [I]are[/I] people who do that or something very like it, but it takes a lot of education and a lot of practice, so it’s a [B]long[/B] learning-curve.
What you need next is a realistic perception of how long it takes to get it together, and what it involves. These links may help you, in that context …
[B]301 Moved Permanently
This was how I learned
These were the resources that helped me most
These are the five main mistakes people make and the reasons why they make them
Good luck!