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  • #401
  • Jan 1, 2016 12:36am Jan 1, 2016 12:36am
Those who can make consistent 3-4% per month with less than 10% DD can easily qualify for a well-paid fund manager job with the "Big Boys" in London City or with the "Good Ol' Boys" on Wall Street.

To make a good living these "3-4% / month traders" - without at least $1M own capital - really have to join a fund.

On the other hand (as stated very wisely by "The Captain") those who can make 10% per month simply do not need to run a public hedge fund and to deal with all the "BS" it comes with. These traders can make a plush living just by trading their own capital, or they may run their strategy on the accounts of some very well selected clients, and that's it. How do I know? I am a privileged client of such a successful trader making consistent 10% per month.
  • #402
  • Jan 1, 2016 2:01am Jan 1, 2016 2:01am
Quoting MasterGuru
Those who can make consistent 3-4% per month with less than 10% DD can easily qualify for a well-paid fund manager job with the "Big Boys" in London City or with the "Good Ol' Boys" on Wall Street. To make a good living these "3-4% / month traders" - without at least $1M own capital - really have to join a fund. On the other hand (as stated very wisely by "The Captain") those who can make 10% per month simply do not need to run a public hedge fund and to deal with all the "BS" it comes with. These traders can make a plush living just by trading...
Hi MasterGuru,

Did you just said there is a successful trader who is not a professional who work on a fund but rather just like us a retail trader and making 10% return a month consistently and in a year he would make 230% compound. Do they exist?
  • #403
  • Jan 1, 2016 2:35am Jan 1, 2016 2:35am
Quoting Tradeemperor
{quote} Hi MasterGuru, Did you just said there is a successful trader who is not a professional who work on a fund but rather just like us a retail trader and making 10% return a month consistently and in a year he would make 230% compound. Do they exist?
@TradeEmperor

Actually he does exist and he is a retail trader, however I would consider him as a "professional", as he does it as a "profession". I am sure that there are many more similarly successful "retail" traders. They are the "5%" who have actually "made it".

However, you will not find them on ForexFactory or MyFxBook or any other Forums. Why would they share their treasure with the "95%"? Actually they need the "95%" staying in the dark to be able to feed their own and their private clients' accounts in this obviously "negative sum game".
  • #404
  • Jan 1, 2016 2:45am Jan 1, 2016 2:45am
Quoting MasterGuru
{quote} @TradeEmperor Actually he does exist and he is a retail trader, however I would consider him as a "professional", as he does it as a "profession". I am sure that there are many more similarly successful "retail" traders. They are the "5%" who have actually "made it". However, you will not find them on ForexFactory or MyFxBook or any other Forums. Why would they share their treasure with the "95%"? Actually they need the "95%" staying in the dark to be able to feed their own and their private clients' accounts in this obviously "negative...
Perhaps you are right, but it seems to come down to a question of belief and not fact.
Does the mystical successful professional retail trader actually exist ?
As a proven fact, not as a belief, like this much loved and mysterious creature:

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  • #405
  • Jan 1, 2016 2:52am Jan 1, 2016 2:52am
Quoting MasterGuru
{quote} @TradeEmperor Actually he does exist and he is a retail trader, however I would consider him as a "professional", as he does it as a "profession". I am sure that there are many more similarly successful "retail" traders. They are the "5%" who have actually "made it". However, you will not find them on ForexFactory or MyFxBook or any other Forums. Why would they share their treasure with the "95%"? Actually they need the "95%" staying in the dark to be able to feed their own and their private clients' accounts in this obviously "negative...
I see I guess there is truth in your word. I have been thinking this few week lately what happen when it is possible to make 10% ROI every month consistently because since this three months I have been making 10% ROI consistently in demo. I know it is different with Live 'cause there is slippage and lots of stuff but it just got me thinking. I have been trying to achieve 1% in a month instead I got 10% in a month for 3 month consecutive. Master guru does he teach or taking a student? When it is possible I would love too since money is not an object for me to pay something that would help me in the future long term when he is the real deal.
  • #406
  • Jan 1, 2016 4:38am Jan 1, 2016 4:38am
Dear u r in the way....
Unfortunately if one can not do a thing he assumed that it is impossible.
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -789
  • #407
  • Jan 1, 2016 4:48am Jan 1, 2016 4:48am
Happy New Year 2016!

Weekly return is less important than the monthly one. I think 1% a month is perfect target to begin with but not for beginner. Beginner should paper trade until he/she proves consistency over at least one year.

1% a month does 12.6% a year. The standard for financial industry is 15-25% (managed fund). And even Managed funds have drawn down year.
One thing is sure is the "Get rich quickly" mantra is a MYTH. To be a Successful retail trader it takes time and efforts.

And I suggest people saying I make 10% a week with CONSISTENCY posts the direct link to myfxbook account for 2015.

After a losing year, my personal goal was to make 1% / month for 2015 (started in April of this year). I ended to make 5.3% on my practise account. WHY ? because I did not start in January, I have a losing month in September and I started slowly the first 2 months.

For this year I target to do 2%/month and try 26% a year. It is a goal I set to learn to be consistent and to put more leverage and set risk to 1% on every trade.
One must realize that with 6%/month you are doubling your capital over a year !

As a real example (and to cut the BS I often see) if it could help and show realistic expectations, here's a public link to my practise account:
https://www.myfxbook.com/portfolio/practise/1288463

Sure others can do better. But this is the level I am in the journey of being profitable.
  • #408
  • Edited 6:17am Jan 1, 2016 5:29am | Edited 6:17am
Quoting mohsinali
Dear u r in the way.... Unfortunately if one can not do a thing he assumed that it is impossible.
Correct.

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  • #409
  • Jan 1, 2016 6:35am Jan 1, 2016 6:35am
Quoting Tradeemperor
{quote} I see I guess there is truth in your word. I have been thinking this few week lately what happen when it is possible to make 10% ROI every month consistently because since this three months I have been making 10% ROI consistently in demo. I know it is different with Live 'cause there is slippage and lots of stuff but it just got me thinking. I have been trying to achieve 1% in a month instead I got 10% in a month for 3 month consecutive. Master guru does he teach or taking a student? When it is possible I would love too since money is not...
Hello dear...10 %, per month is quite good i believe 5 to 10 % per week is quite possible.But with some solid steel rules...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -789
  • #410
  • Jan 1, 2016 7:27am Jan 1, 2016 7:27am
Quoting mohsinali
{quote} Hello dear...10 %, per month is quite good i believe 5 to 10 % per week is quite possible.But with some solid steel rules...
Hi Mohsin Ali,

Right now, I believe 50/50 and I'm at the middle of the path of choosing which one ROI I should make because by starting February 2016, I will open my live account. When god allows me to make another 10% by the end of January 2016. I will know what ROI I should make by Feb 2016.

and I wish you Happy new year.
  • #411
  • Jan 1, 2016 7:46am Jan 1, 2016 7:46am
Quoting Tradeemperor
{quote} Hi Mohsin Ali, Right now, I believe 50/50 and I'm at the middle of the path of choosing which one ROI I should make because by starting February 2016, I will open my live account. When god allows me to make another 10% by the end of January 2016. I will know what ROI I should make by Feb 2016. and I wish you Happy new year.
Happy new year to u dear.Can u describe your trading styleU should adopt a trading style and first backtest about on one year charst on daily and hourly t.f.Secondly choose risk reward Risk is fix but reward some time not fixIf u double your account in 6 month then u r go for live.
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -789
  • #412
  • Jan 1, 2016 8:08am Jan 1, 2016 8:08am
Quoting jayjb
Anyway, I was trying to point out that trading a 10k account is different from a 100k account. Lastly, it is easier to make money in stocks. But those who are profitable in stocks, are they scalpers? The big money is the long term trend, not your M1 charts.
In my opinion the one who take R:R atleast 1 is trader.
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -789
  • #413
  • Jan 1, 2016 9:59am Jan 1, 2016 9:59am
Quoting MasterGuru
Those who can make consistent 3-4% per month with less than 10% DD can easily qualify for a well-paid fund manager job with the "Big Boys" in London City or with the "Good Ol' Boys" on Wall Street. To make a good living these "3-4% / month traders" - without at least $1M own capital - really have to join a fund. On the other hand (as stated very wisely by "The Captain") those who can make 10% per month simply do not need to run a public hedge fund and to deal with all the "BS" it comes with. These traders can make a plush living just by trading...
Hi sir
i dont need them i am well like this we are so wealthy one of my uncles owns banks in sudan and we have a lot of lands .
have a nice day please
focus while relaxed to see better
  • #414
  • Jan 1, 2016 1:32pm Jan 1, 2016 1:32pm
Quoting orabi
{quote} Hi sir i dont need them i am well like this we are so wealthy one of my uncles owns banks in sudan and we have a lot of lands . have a nice day please
@Orabi

If you and your family are so rich, why do you trade? I guess it is just a hobby for you.

For the rest of the traders - who were not born with a golden spoon in their mouth - it is a different story.

Why do you have to rub your wealth in the face of the rest of us who were not born into a rich family...??

It is not nice at all. But I guess wealth comes with arrogance... Shame on you!
  • #415
  • Jan 1, 2016 2:00pm Jan 1, 2016 2:00pm
Quoting MasterGuru
{quote} @Orabi If you and your family are so rich, why do you trade? I guess it is just a hobby for you. For the rest of the traders - who were not born with a golden spoon in their mouth - it is a different story. Why do you have to rub your wealth in the face of the rest of us who were not born into a rich family...?? It is not nice at all. But I guess wealth comes with arrogance... Shame on you!
why shame on me sir ,i am really wealthy and i am trading from 20001 with pennies but living happily thanks god and i am helping other traders happy new year sir
have a nice day please
focus while relaxed to see better
  • #416
  • Jan 1, 2016 2:03pm Jan 1, 2016 2:03pm
i am trying to master markets after that i will invest big sums i am not in a hurry one day you will hear about me like warrant buffet and bill gates .
have a nice day sir please and dont feel ashamed of being poor or wealthy it from god nothing in your hand
focus while relaxed to see better
  • #417
  • Jan 1, 2016 2:07pm Jan 1, 2016 2:07pm
Quoting orabi
i am trying to master markets after that i will invest big sums i am not in a hurry one day you will hear about me like warrant buffet and bill gates . have a nice day sir please and dont feel ashamed of being poor or wealthy it from god nothing in your hand
The shame is rubbing one's wealth under the nose of the less fortunate... who actually have to work for making a living.

I guess you don't even know what real work is, how devastating it can be on health and personal relationships.
  • #418
  • Jan 1, 2016 2:13pm Jan 1, 2016 2:13pm
Quoting MasterGuru
{quote} The shame is rubbing one's wealth under the nose of the less fortunate... who actually have to work for making a living. I guess you don't even know what real work is, how devastating it can be on health and personal relationships.
yes sir you are right ,i will tell the truth about this market it is so bad and yes i am wrong in loving it but it was not like that when i started i thought trading was money from central banks only but i knew all about it later ,to be serious to you this is not trading and they are taking people money ,only big wins .
when i become serious about trading not less than couple of millions will be needed and i will be taking other people money but they entered i never asked them to or force them.
life is hard sir but i am trying my best i am sharing all knowledge and i am helping others so when that day comes they will be equal with me and it is for the best then .
happy new year sir and have a nice day please
focus while relaxed to see better
  • #419
  • Jan 1, 2016 2:28pm Jan 1, 2016 2:28pm
my nephew she is american alma
just wanted to share moments with you i took her mother permission
all have a nice day
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focus while relaxed to see better
  • #420
  • Jan 1, 2016 2:52pm Jan 1, 2016 2:52pm
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
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