Nothing worth having is easy.
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
Why your broker is your friend and your enemy 4 replies
So what is your Return on Equity monthly or annual targets? 15 replies
dont fall in love with your daily return 11 replies
Dislikeddon't worry. i guarantee you will never achieve it. you can rest easy.Ignored
DislikedLots of talking going on in this thread. I have just one question. Are you profitable?Ignored
Dislikednope. i have never said i was, and in fact have quite openly declared myself not to be. why? because i'm aiming for more than an insulting 50% ROI a year.Ignored
Disliked
I still don't think that one can achieve such kinds of returns from (most) systems presented here on ff, but it might be possible if somebody finds out a lot of inefficiencies in the market. I personally didn't find enough inefficiencies yet, so for me these claims still look very outlandish.Ignored
Dislikedwith the risk of enflaming a whole new discussion, I have a suggestion for yet unprofitable traders out there.
Find an edge, something that works consistently. Don't care about how much percent you make with that edge. You want consistency. And if the edge only occurs once a year, well then trade it only once a year. Only trade that while working on finding a new edge and so on. Sooner or later you will have a couple of edges complementing each other. And no, this is not system jumping, cause you are researching what works and only rely on the...Ignored
QuoteDislikedI still don't think that one can achieve such kinds of returns from (most) systems presented here on ff, but it might be possible if somebody finds out a lot of inefficiencies in the market. I personally didn't find enough inefficiencies yet, so for me these claims still look very outlandish.
DislikedThank you for your honesty. I see it different to you though. I applaud anyone that can make it in this game for any length of time whether it be 10% a year, 30% a year or 100% a year. I don't look down on anybody's percentage gains. You say 50% ROI is insulting, I say well done.
All the best in your endeavours.Ignored
Dislikedi would hazard a guess that perhaps your imagination is greater than most since the term has a very definitive meaning that doesn't encompass anything 'graphical'.Ignored
DislikedI know you have your own beliefs and that is totally fine for me. I just want to point you to the power of compounding.
If you start with a 1000$ an make 50% each and every year, that would compound to 127 million $ after 30 years and to 11 billion $ after 40 years. Now this excludes taxes of course, since they are different across the world. So the real returns are a zero or so lower than that. As can be seen, it is very possible to become very rich in forex, but it just won't happen over night (in my opinion).
Again, only meaningful discussions...Ignored
Dislikedi'm not sure if you are being serious, and for my benefit... because compounding is not something most people aren't fully aware of.
the problem : i'm not interested in crawling for the rest of my life when i know and have seen others sprinting, and then taking as much time out as they like... seeing the world... buying the toys... whatever.
i want to be a sprinter, not a crawler....Ignored
DislikedThe specification of the amplification of your cohorts and induction coupled with amalgamation of the designated altercation is far too ambivalent for nurturing the depreciation.
Don't worry about it.Ignored
DislikedI read outlandish reports that traders are making 1000% plus return on their portfolio.
I trade live and manage (somehow) a weekly return of around 10 percent (sometimes even 15%) on my equity.
Of course some weeks I don't spot a trade and sit the whole week without turning a dime, but that is rare.
It's like pulling teeth to get that, even. Just curious how successful other live (real, actual!) traders average. I'm happy with my return rate, but maybe I'm missing something.Ignored