What is your monthly target? - Page 3
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Thread: What is your monthly target?

  1. #21
    Quote Originally Posted by ;
    Thanks. My question was regarding Rusty's article #87. I didn't quite gather was and I was interested in his method. The way you do is accounted for volatility by me. Rusty's seems more like a maximum move bookkeeping.
    By studying article # 87, I believe Rusty has different types of trades where he discretionally decides to devote a pre-established % of capital depending on the installation.

    Every month that he upgrades the simple unit dimensions according to his account balance.

    Then he decides how many units to alloe on each trade in line with the strenght of the installation.

    I believe Rusty will clarify this when he reads this article.

    I dont know whether Rusty scales out of rankings, if he does the only approach to calculate net pip profit is by averaging.

    I cant think of any other approach to calculate net pip gain other than averaging if you are scaling out.

  2. #22
    Quote Originally Posted by ;
    I find it hard to think anyone can consistently pull over 10% per month, unless they are taking huge risks.

    Is anyone getting 10% or better while risking 2% maximum. Per trade?

    My personal goal is 10% per month but I wonder whether that is achievable.

    Wiz.
    The term 'huge risk' could differ from person to person. Me risking 20 percent of my account and George Soros have different probabilities of succeeding.

    I believe your ratio of winning trades to shedding ones has a big say. Some people consistently get it right over others. If you can have a pretty consistent ratio for example 6 correct trades for every 1 wrong trade then you may compute your risk per trade dependent on the likelihood of being erroneous. Risk must factor in your personal ratio of winners.

    This could apply more to those traders that can read the cost rather than mechanical systems.

  3. #23
    Quote Originally Posted by ;
    I dont think you fully understood my post about the small % of winners that build up your funds.

    When I said that only 20 percent of winners make your funds grow I just reported a statistical study I had been inspired to make on my transactions with this other successful trader whose name I cant remember at this time.

    If you make 100 trades per year using a 50% winning speed, you may have 50 losers and 50 winners directly?

    Stats reveal how only 10 of these 50 winners will make your capital grow.

    By this I mean that only 10 transactions out of 100 are those types of trades that make you plenty of money by hitting all of your targets.

    It was a bit unfortunate of you to state that I should be looking at each trade as if it were my first one and that I basically trade to repay my losers.

    I dont know any trader that wins large all the times. Are you one of these? If yes, I'll give you my money to control and you can keep 40% of earnings.

    If you've got a stable grid, 50% winning speed, 2:1 R/R ratio and solid money management, your equity will grow slow but steadily. Thats how you get wealthy overtime and thats how you remain alive in the terrible times.

    Are all of your winners exactly the same size? Or do sizes of winners vary from trade to exchange?

    If you just happen to have distinct sizes of winners such as most traders, then you have to know that only the huge WINNERS are individuals who radically alter your bankroll. Reductions are paid for by the tiny winners.

    Its exactly the same as any other business where only 20 percent of your customers are individuals who make your earnings while the remaining 80% pay for overheads, salaries, etc.. .

    I suggest that people in here, before coming up with hasty statements about someones trading fashion, read the others' posts twice and ask for explanations in case things dont make much sense.

    Good fortune
    You shouldn't go into business if you don't are aware that every client is going to be a rewarding customer for the business. I have to inquire what business you would want to fund where only 20 percent of the clients make money for the business? I was always taught that every business transaction should be rewarding for the business. I know that the corporation may not be necessarily 100% profitable due to things like paying off loans and liens, etc, but every transaction should earn money towards paying off that, not just paying for your light bill in 1 sale and then having the ability to make payroll the next purchase. That is bad business.

    Big companies like Toyota do not make money from just 20 percent of their clients, they make something along the lines of $500 profit per car offered, which can be profit from every client. The best do not become the best by just making money here and there, they earn money on every deal, which is how you should be in trading in the event that you truly need to do good things with your account.

    FYI - You do know that I am certainly not attacking you as an individual? I hope you know that it's that I find fault with your outlook on trading and finance.

  4. #24
    For quite 1000$ in mini I keep 50 pip per day . 2 lots * twice and 13 pips a day. Eaily get 13 pip on fresh that's make marketplace hot .no prevent loss . Bucease I trade the when marketplace shows were it moving . Eur/uds or cabel/uds



    For quite 10000$ in Std I keep 50 pips per day . 3 lots * 9 pips and twice a day.
    But dont take to much rik. Only eur/usd

    but only tradeing for 2 month on dwell . newbie .

    Still long way to go.

  5. #25
    Quote Originally Posted by ;
    The drawback of scaling is, of course, when things go your way. Your internet profits will be a lot less than shutting out each of your contracts at the desired target.
    I could not agree more regarding reducing your risk.

    I have backtested my plans and have discovered that I actually make only marginally less when I scale outside, yet I get the benefit of reducing my risk considerably.

  6. #26
    Quote Originally Posted by ;
    For very 1000$ in miniature I maintain 50 pip each day . 2 tons * 13 pips and twice a day. Eaily get 13 pip on fresh that's make marketplace hot .no stop loss . When marketplace shows were it 10, bucease I exchange the . Eur/uds or cabel/uds



    For very 10000$ in Std I maintain 50 pips per day . 3 tons * twice and 9 pips a day.
    But dont take to much rik. Only eur/usd

    but only tradeing for two month on dwell . newbie .

    Still long way to go.
    You're drinkign when you composed this right? As I am now the house beer pong champion following tonight I say this. . .lol

  7. #27
    Quote Originally Posted by ;
    you shouldn't go into business if you don't are aware that each and every customer is going to be a rewarding customer for the corporation. I have to ask what business where just 20 percent of the customers make money for the company you'd want to finance? I was always taught that each business transaction should be rewarding for the company. I understand that the corporation might not be always 100% profitable due to things such as paying off loans and exemptions, and so on, but every trade should earn money towards paying that off, not merely paying for your light bill in 1 sale and then having the ability to make payroll the next sale. That is bad business.

    Big companies like Toyota don't make money from just 20 percent of their customers, they create something along the lines of $500 profit per car sold, which is profit from each customer. By simply making money there and here the best don't develop into the best, they earn money on each deal, and that's how you should be in trading in the event that you truly need to do things that are great with your account.

    FYI - You do know that I am certainly not attacking you as an individual? I hope you understand that it is that I find fault with your perspective on finance and trading.
    Sometimes large companies like Toyota market their merchandise using a loss because they don't need to lose their share of the sector and eventually be forced out of business. This is a frequent business practice, i.e. General Motors are loosing money for a while today, however they still sell automobiles, while focusing on shing their business model at the exact same time.

    I can't see how you can earn money on each trade in FX, if you're able to get it done, then great for you but that isn't going to continue forever.

    Dane

  8. #28
    Quote Originally Posted by ;
    you shouldn't go into business unless you are aware that every customer is going to be a profitable customer for the corporation. I have to ask what company you'd want to finance in which only 20 percent of the customers earn money for the company? I was always taught that each business transaction ought to be profitable for the company. I know that the corporation may not be necessarily 100% profitable because of things like paying off loans and liens, and so on, but each trade should earn money towards paying off that, not merely paying for the light bill in one sale and then being able to make deductions the following sale. That is bad business.

    Big companies like Toyota do not make money off of only 20 percent of their clients, they create something along the lines of $500 profit per car offered, which can be profit from each customer. The best do not become the best by just making money here and there, they earn money on each deal, and that's how you ought to be in trading in the event that you really need to do great things with your account.

    FYI - You do understand that I'm in no way attacking you as an individual? I hope you know that it is that I find fault with your outlook on trading and finance.
    Alright Hollis,

    that is actually the last time I attempt to answer to your allegations concerning my trading style being faulty. If you dont get it this time, I'll give it up and then move on.

    I understand you've got nothing personal against me as well since I have nothing personal against you. Lets clarify this once and for all.

    My trading system, egy, edge, whatever title you want predict it, generates 52% of WINNERS and 48% LOSERS.

    My average winner is TWICE AS BIG as my average loser.

    My maximum drawdown is 8.5%.

    Should you do any 1st grade math on 100 hypothetical trades, such a system generates money on a constant basis with very little downside risk.

    By the way, I risk no more than 1.75 percent of my equity per transaction and I adjust my unit dimensions each time my equity rises by 20 percent, thus on average I would say my risk per trade is no more than 1.25%.

    Ok, now you've got an idea about what amounts my system generates. You can call such a system FAULTY, thats fine with me. There are those out there who are attracted to old ladies or pregnant women, so that I learned not be surprised by anything in this world.

    I'm not here to claim my trading plan is the s.. T of FOREX, its one of the many PROFITABLE trading approaches on the market. As simple as that.

    Now lets move on to this concept of company and its customers. Have you had a corporate job? By your posts I wouldnt think so. Just how old are you by the way?

    I worked for three different businesses, two of them ranked in the top 100 companies according to FORTUNES magazine.

    Once I stated that only 20 percent of customers make the company money, I didnt imply that the company actually receives payments from only 20% and the remaining 80% is owned by the accounts receivables list.

    Obviously all customers make the company money. 80% of those clients aren't large customers. But that 80% represents $$ to any business enterprise.

    But you can pretty much ask any entrepeneur, its generally only 20 percent of customers who are BIG SHOTS.

    Have a butcher shop, or a bakery shop. Entrepeneurs in those businesses will surely have different egories of customers. There is the old lady who everyday comes around and buys one loaf of bread for $1.50 and there's that the restaraunt owner who orders 20 Kilos of bread everyday for $100. Now whos the bigger client? Who do you believe will produce the bakery PL grow considerably? The old lady or the restaurant owner? How I look at it, I find the old lady paying for raw ingredients to make bread and maybe a bit of advantages. I cant find her paying for salaries and equity development? If you do, then I wholeheartedly advise one to not EVER START A BUSINESS. Seriously. You will go bankrupt right away.

    So when I stated that 80% of customers pay for overheads, salaries, etc.. . And 20 percent of customers are individuals who make the company profitable, I meant to make a difference between the two types.

    The Exact Same happens in trading.

    You'll have winning trades of 5, 10, 20, 40 or even 100 pips. Now how many 100-pip winning trades do you feel you could have in a sample of 100 trades?

    Let me answer this for you: not a lot.

    Of course, all trades are winners. Even 1-pip gain is a winning transaction to me. But do you think you can earn money in the future by amassing 1-pip winners?

    In conclusion - finally - the basic concept behind my posts in this thread is that its the large winners that make the distinction to your capital development. The small winners pay for the losers.

    Mine is merely a different way to examine the distribution of winners and losers, thats all. I dont understand where everything you negativism about my trading plan comes from. The sole actuality that you arent getting the drift of what I am saying worries me a bit.

    Perhaps its me that cant right proper English. I'll take the blame in this circumstance.

    Has anyone else in this forum heard of this 20%-80% notion earlier or am I the only real man in here that has come to understanding of it?

  9. #29
    Quote Originally Posted by ;
    I could not agree more about reducing your risk.

    I have backtested my egies and have discovered that I actually make just marginally less when I scale out, yet I get the advantage of reducing my risk considerably.
    Isnt it impressive how easy financial math can radically change your perspective?

    The first time I thought of scaling out without making proper calculations on preceding transactions, I thought just how much I would leave on the dining table together with all the winning trades.

    After proper calculations, I guessed that the impact of scaling out on my winners represents just a little price I must pay to radically decrease the size of my winners.

    Using this method, I turned two unprofitable months into two little winning months.

  10. #30
    Quote Originally Posted by ;
    There are individuals out there who are attracted to older ladies or pregnant ladies, so I learned not be surprised by anything in this world.
    Pregnant chicks are hot dude. Seriously.

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