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What is your weekly return?

  • #321
  • Oct 3, 2011 9:50pm Oct 3, 2011 9:50pm
If you can make .5-1% per week consistently, you are in the rankings of great traders.
  • #322
  • Oct 3, 2011 9:52pm Oct 3, 2011 9:52pm
And as a followup...most people who brag about returns are doing so with the intention of making money off of you in some way...
  • #323
  • Oct 3, 2011 10:10pm Oct 3, 2011 10:10pm
Quoting leerees
I run a small account, I've been getting around 35 - 45% per month from stock trading.

I get a little less from forex however I've only been in the forex since January. My goal is to get to 50% per month so that I can quit the stock trading and live off my forex earnings solely. At present I'm 18% per month from manual trading and 12% from my EA's. My worst month was 12.6% in March from manual trading. So far no losing months in the forex however.....

I did loose 12% in the stock market around january, probably the most unlucky moment of my life,...
amazing targets... for me even 20% would suffice monthly
  • #324
  • Oct 3, 2011 11:59pm Oct 3, 2011 11:59pm
Quoting FranticPips
I have been trading forex over a year now, still a newbie I guess. Reading this thread I can't help but wonder if all you guys making good profits are using your own top secret ninja trading systems or have you bough a system that actually works? I have tried a lot of different crap, haven't seen anything consistent yet.
Click on my name i have a few threads i started...I shared a few systems i use and if you read the thread you shall see almost EVERYONE that read it and takes the time to learn to trade it makes killer returns ...even some that have never made gains on account start to and even make there losers back.
  • #325
  • Oct 4, 2011 6:35am Oct 4, 2011 6:35am
Quoting FranticPips
I have been trading forex over a year now, still a newbie I guess. Reading this thread I can't help but wonder if all you guys making good profits are using your own top secret ninja trading systems or have you bough a system that actually works? I have tried a lot of different crap, haven't seen anything consistent yet.
All I have learned comes from James 16 private forum, but much of learning material and advice can be obtained at the free james16 forum here at FF.

Peter
Jesus Christ is my only Lord !
  • #326
  • Oct 20, 2011 6:51am Oct 20, 2011 6:51am
Quoting Dighi
If you can make .5-1% per week consistently, you are in the rankings of great traders.
Seriously don't believe those numbers, I am far from a great trader, the reason my % growth is high is because I trade a small account.

I asked my stock broker if other traders earn as much as me % wise and he said they have lots of traders on there books pushing even more % and with much larger accounts. The whole 5% month thing is bs from sellers of crappy systems and indicators, if you are only making 5% a month then it's not worth bothering.

IF you are having trouble making money might I suggest you consider going into stock trading as it's a LOT easier than forex.

The key to making money is to stop listening to the crap that's spouted on here, especially when it comes to indicators and trading systems, none of them work. The only thing that works is reaction to an event.

My stock market trading strategy is simply a bracket order, if the oil company hits oil, my buy order fires, if it finds a duster my sell order fires. In forex terms its the equivelent of news trading except my stock broker is honest and never slips my orders.
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  • #327
  • Oct 20, 2011 7:58am Oct 20, 2011 7:58am
"The key to making money is to stop listening to the crap that's spouted on here, especially when it comes to indicators and trading systems, none of them work. The only thing that works is reaction to an event."

You cannot generalise like that.

Some systems do work, choose carefully.

Trading profitably definately ISN'T just about reactions to events.

Oh and as for listening to your broker, hmmm.
  • #328
  • Dec 13, 2011 4:23am Dec 13, 2011 4:23am
As has been said many times everyone will maintain different results, and i think most agree that risking 1% per trade on a 1:1 R:R ratio is an accaptable risk. If you were to just solely trade between support and resistance levels/ channels im sure on the EUR/USD alone you could be placing anywhere up from 3 trades most days. (not to say these will all be succesfull trades)
But say you were to combine this with longer term systems/strategies which for example you may use twice a week, im sure you can see it is most definatley possible to achieve more than 1-5% per month (as some claim this was superhero levels).
Most of the professional traders who trade at the school im learning at aim for AND achieve 1% a day which is roughly 19% a month (excluding NFP), and i can say this as i seen with my own eyes their brokerage trading log.

Some are saying the maker of this thread is lieng about making 10% a week, and is trying to make money off new traders? Again in my opinion, why would he start a thread asking for help, if his intention was to sell something to others?

(dont mean to preach, just thought ide give my view)
  • #329
  • Jan 22, 2012 3:32am Jan 22, 2012 3:32am
There are many reasons hedge funds cannot make these kind of returns. Hedge funds tend to carry a lot of weight. That is that when they open a position they move the market so a hedge fund can never scalp or day trade. Also many funds are looking for investors. They are not trying to take that many risks. Also, any hedge fund manager that could make these kinds of returns probably wouldn't be managing a hedge fund. He would trading with his own money from a beach somewhere.
  • #330
  • Jan 23, 2012 3:36am Jan 23, 2012 3:36am
I usually average between 80-100 pip/week. May not sound like a lot but if you leverage the right amount of lots pared with good money management and patience returns can be very rewarding.

My strategic has always been to remain consistence.
  • #331
  • Jan 23, 2012 4:45am Jan 23, 2012 4:45am
Quoting nubcake
this thread annoys me enough to bring me out of my cave because it's the same tired old garbage being spewed over and over from years ago...

some of the thinking here is so shortsighted and depressing! you know what... no one makes money trading. no one can beat inflation. no one can beat the interest earned in a savings account. we should all aim to remain poor and scraping 0.0001% per annum. surely this is all we deserve from all of the time spent (wasted) dedicated to being a profitable trader. there are no profitable retail traders. it's all...
I <3 this post.

It keeps my dreams alive after reading the influx of negative ones beforehand in this thread. props to you buddy
  • #332
  • Jan 30, 2012 5:03pm Jan 30, 2012 5:03pm
It's greed that caused profitable system to become unprofitable.

For a period of time, i only traded h4 and daily chart for 100 to 120pips, i was able to capture an average of 10% returns over 15 weeks

Well, it all changed when i wanted more, i thought i had grasped the market and went to 15min and 5min for intraday trades, needlessly to say initial profits were good but the real money is the higher TFs
  • #333
  • Jan 31, 2012 3:28am Jan 31, 2012 3:28am
Quoting jayjb

Well, it all changed when i wanted more, i thought i had grasped the market and went to 15min and 5min for intraday trades, needlessly to say initial profits were good but the real money is the higher TFs
Jayjb, are you saying you are more profitable on higher TF's or lower TF's?
  • #334
  • Jan 31, 2012 7:01am Jan 31, 2012 7:01am
Quoting robthorp
Jayjb, are you saying you are more profitable on higher TF's or lower TF's?
higher tfs

that's where the real trend runs, where the retail traders mostly hide from, where the big boys ride the wave and with the least amount of noise, signals are rare - about 1 to 4 per week or even none but sometimes even 8 if you ignore correlations

i discover the edge of profitable trading there and lost it in the lower TFs. But that's just me.
  • #335
  • Feb 1, 2012 10:03am Feb 1, 2012 10:03am
Quoting jayjb
higher tfs

that's where the real trend runs, where the retail traders mostly hide from, where the big boys ride the wave and with the least amount of noise, signals are rare - about 1 to 4 per week or even none but sometimes even 8 if you ignore correlations

i discover the edge of profitable trading there and lost it in the lower TFs. But that's just me.
I strongly agree with this.

http://www.myforexdot.org.uk/TradingTimeFrames.html

I stick to H4 personally~
  • #336
  • Edited 2:54pm Feb 11, 2012 2:25pm | Edited 2:54pm
I love these threads!

I think any decent trader can make 5% to 10% per month in the short term.

The question is can you do this consistently for your trading career.

So i would like to know who here has an account that's been open for 5 years
that can show a profit of 5% to 10% per month.

I think it would be fair to say that individual has a chance to continue to due so but far from automatic.

Sustaining is the key. If you have not sustained an account in the money for a large amount of time you are hoping you can consistently make 5% to 10%
and your comments are based on what you hope you can do.

Not at all saying you can't do it. But if you say you can and have been doing it put your money where your mouth is and give us a glimpse and that may clear up some confusion on what is possible or not.

I myself am a believer which allows the possibility. The last thing i am going to do at this stage in my career is blow smoke up your ass though.

I am not choosing a side just merely trying to extirpate hope from the equation.
My trades are 100% profitable 65% of the time!
  • #337
  • Feb 11, 2012 8:41pm Feb 11, 2012 8:41pm
Interesting thread, considering most people actually lose money trading Forex.
  • #338
  • Feb 13, 2012 3:03am Feb 13, 2012 3:03am
Maybe try thinking about quarterly returns instead of weekly/monthly returns. It's more reliable to evaluate performance based on longer period. Don't think you can't improve much if you look at short term performance only.
  • #339
  • Feb 13, 2012 9:14am Feb 13, 2012 9:14am
What's the point of knowing how much someone returns in % if you don't know account size ?
  • #340
  • Feb 13, 2012 10:21am Feb 13, 2012 10:21am
Quoting LeanLowFx
What's the point of knowing how much someone returns in % if you don't know account size ?
Everyone has varied account sizes, if a trader states he makes $10,000 a month, this is almost impossible for someone with a small account size to equate to.
However if the same trader then rewords this and says he makes 10% gain a month, any trader can equate to this.
This question is not to know how much someone earns, it is to establish how much gain is possible specific to everyones varied account sizes.
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