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Realistic Monthly Trading Profit?

  • #81
  • Apr 23, 2018 8:44am Apr 23, 2018 8:44am
Since I became more focussed on controlling my risk and being selective with my trades, the profits have taken care of themselves.
Ever wonder why the amateur rugby player sometimes drops the last pass before crossing the try line?

He's watching the try line instead of the ball...

Control your risk and focus on your processes, and the profits take care of themselves \/ \/ \/
Come with me if you want to live....
  • #82
  • Apr 23, 2018 11:24am Apr 23, 2018 11:24am
There is nothing wrong with having a monthly target but a trader should not try to reach it at any cost. Besides, targets should be set for a longer time period and not each month. Performance varies month to month, the sample is just to small. Better to set a yearly target and even that only after you accumulate enough data to show you how your system performs over time. If you have made 30% in 2017 and are still using the same system, then your target should not be 60%.
  • #83
  • Apr 24, 2018 9:11am Apr 24, 2018 9:11am
Quoting ASCap
There is nothing wrong with having a monthly target but a trader should not try to reach it at any cost. Besides, targets should be set for a longer time period and not each month. Performance varies month to month, the sample is just to small. Better to set a yearly target and even that only after you accumulate enough data to show you how your system performs over time. If you have made 30% in 2017 and are still using the same system, then your target should not be 60%.
That's actually very good advice, it hadn't occurred to me to do that. Thank you!
  • #84
  • May 5, 2018 12:50pm May 5, 2018 12:50pm
generally the target we select is not realistic, this is the main problem we have and for that reason we cant fill up our target completely, we have to make sure the target according to our knowledge and experience , over targeting make make us always greedy and emotional. so be careful
  • #85
  • May 5, 2018 12:57pm May 5, 2018 12:57pm
You cant set a target as a newby because you dont have any historical data of your trading. But if you are an experienced trader, you can set your target easily. My target is 4-5% per month on average and max DD around the same on my main account. I have higher risk accounts where my targets are up to 20% monthly with the same kind of DD but I have years of data which showed that those targets are realistic and I achieve them consistently over a long period of time.
  • #86
  • May 5, 2018 1:13pm May 5, 2018 1:13pm
Quoting ASCap
You cant set a target as a newby because you dont have any historical data of your trading. But if you are an experienced trader, you can set your target easily. My target is 4-5% per month on average and max DD around the same on my main account. I have higher risk accounts where my targets are up to 20% monthly with the same kind of DD but I have years of data which showed that those targets are realistic and I achieve them consistently over a long period of time.
yes, i hope you are going in a realistic way , good going and good luck. happy trading.
  • #87
  • Jun 17, 2018 9:07am Jun 17, 2018 9:07am
Quoting riclater211
0.5% to 2% with proper money management is a realistic target. You will have months you lose and months you win. You have to be realistic about goals. People who say they hit double digit % consistently are not being fully truthful. Think about it for a second. Even a modest 5% ROI per month is 79.5% a year. The top 40 performing hedge funds on the planet averaged a Yearly ROI of 37% in 2017. I'm sorry to say but I highly doubt any 1 single retail trader is going to outperform a company built around trading that get the best and brightest annalists...
So you comparing trading strategy top 40 performing hedge funds on the planet with strategy of retail traders from this forum?
Ok I'm risking 3% of my account per trade with average RR 1:2.So with one good trade I overperfom your realistic monthly target of 5%.
Whether you think you can, or you think you can't,you're right. H.F.
  • #88
  • Jun 18, 2018 3:04pm Jun 18, 2018 3:04pm
Quoting Simply-Me
{quote} So you comparing trading strategy top 40 performing hedge funds on the planet with strategy of retail traders from this forum? Ok I'm risking 3% of my account per trade with average RR 1:2.So with one good trade I overperfom your realistic monthly target of 5%.
My point was to keep things in perspective. Take it how you like. You trade the way want but do not think your smarter or better or have more knowledge than the worlds top traders. If you did you would be working with them.

- Ric
Be humble or get humbled
  • #89
  • Jun 19, 2018 7:36am Jun 19, 2018 7:36am
Guys, as Simply-Me said - you can't compare retail and institutional trading. Hedge funds thrive on 2% management fee. They have guaranteed "profit" despite their performance Luxury that retail guys don't have
  • #90
  • Jun 19, 2018 9:28am Jun 19, 2018 9:28am
Quoting johnnycash
Guys, as Simply-Me said - you can't compare retail and institutional trading. Hedge funds thrive on 2% management fee. They have guaranteed "profit" despite their performance Luxury that retail guys don't have
That, and they have a sheer capital which the majority of retail traders simply lack.
  • #91
  • Jun 19, 2018 1:40pm Jun 19, 2018 1:40pm
Having an arbitrary target is baggage you really don't need. You're not working for a corporate head of dept so you don't have to play that game.

Some days are better than others, as are some weeks and months. Averages are meaningless.

If you have a system which yields positive expectancy and have risk controls which prevent you being taken out of the game prematurely, then you don't need to worry about targets.

I suggest this having come from, in the early days, precisely that mindset of 'needing' to make a certain number and taking dumb trades which in retrospect never stood a chance. They had the opposite effect, took away some of my profits from the good trades and took me further away from my quite pointless target.

They work against you.
Trump is a total Cunt. Anyone who thinks Trump is great, is also a Cunt.
  • #92
  • Oct 8, 2018 12:11pm Oct 8, 2018 12:11pm
there is anyone who can ensure which target is more appropriate for the traders who are particularly newcomers and scalpers ?
  • #93
  • Oct 10, 2018 10:07am Oct 10, 2018 10:07am
I would say that they work as a guide. And we all - mainly newbies - need to have guidance rulers. I would say something between 2 and 8% of the total account balance per month will be positive.
  • #94
  • Oct 11, 2018 1:08pm Oct 11, 2018 1:08pm
which target is suitable for you , it depends on your trading knowledge and experience, if you have analyzing trading strategy with real risk managing approach , there is a chance to get minimum 8-10% return according to your balance.
  • #95
  • Sep 19, 2019 10:30am Sep 19, 2019 10:30am
It also depends on one's strategy. Obviously the target wouldn't be the same if you're scalping as when you have a long-term strategy.
  • #96
  • Edited 3:15pm Sep 19, 2019 3:00pm | Edited 3:15pm
Realistic is ANYTHING (1000%+)! Also bear in mind that the hardest thing with this profit "snow-ball" is to start rolling, then percentages are starting to build quickly.. due to exponential function, compounding.... doubling from 100->200USD is 100%... doubling again is... 300%... then 700%... so the sky is no longer the limit
But I do not like the implication with this "monthly".. because it might imply mont after month after month.. to infinity...
WRONG racket I'm afraid! Some month you could get your ass torn (no matter how good, disciplined, smart, knowledgable, whatever, you are/were)... Some month you wouldn't come out of the bad for anything bellow 100% return (per trade)...
The initial logic is f up... But if you mean in classical terms.. similar to BANK deposits.. They realistically would be.. NOTHING

But anything is possible... Just check the TradeList.. some people seem to "find something"... at least temporary... But I think much more important is... general lessons btw... (in life?).. Knowing when to "walk away", "not to engage (trade)" or (my favourite) "pull-out"

The temptations to hold it in are sure one of the strongest.. so either training, get someone else to do it for you or (semi)automate it

BTW The smartest that I ran across either made some MASSIVE returns and STOPED full-trading, to preserve it.. Still "play" on the side... or they moved (also) to other markets to get some more stable (passive) income... But I haven't met a single one, yet.. that rolls his full savings in the market (for more than few years), and shave the profits monthly just to get by... meaning, drinking from the profit river consistently... If you want it to be "easy" with a good deal of safety on the side... go to medical school If you are prepare to be PISS POOR for the CHANCE of becoming millionaire or billionaire... KEEP ROLLING, loop till failure and repeat to infinity... Haven't met anyone of the sort like that that didn't find some (form) of success, eventually... #persistence

trolls pass, made my share of pro-bono for them for this month.. positive questions/quotes welcome
Can you afford to take that chance?
  • #97
  • Sep 25, 2019 10:04am Sep 25, 2019 10:04am
Quoting mlawson71
It also depends on one's strategy. Obviously the target wouldn't be the same if you're scalping as when you have a long-term strategy.
True & that’s the beauty of Forex; we all are trading with different plan but end of the day, we are happy (if we make money consistently actually!)
  • #98
  • Sep 25, 2019 11:21am Sep 25, 2019 11:21am
Quoting Adelhard
{quote} True & that’s the beauty of Forex; we all are trading with different plan but end of the day, we are happy (if we make money consistently actually!)
That is a very big and important "if", haha. But yes, I agree. Trading provides many different opportunities to profit (or lose money.)
  • #99
  • Sep 28, 2019 10:06am Sep 28, 2019 10:06am
Quoting mlawson71
{quote} That is a very big and important "if", haha. But yes, I agree. Trading provides many different opportunities to profit (or lose money.)
I always enjoy your response buddy; such a good member in this community!
  • #100
  • Sep 28, 2019 11:25am Sep 28, 2019 11:25am
Quoting Adelhard
{quote} I always enjoy your response buddy; such a good member in this community!
Thank you so much for the kind words! I enjoy yours too!
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