Am sorry that the question was for piquant.Originally Posted by ;
My target is around 80-100 pips per month @ 4 trades on typical... Its monetary value is contingent on the lot-size...
This kind ofâ€growth-capability†was what lured me into investing in the first loion. When we can take in an average number of pips in a constant way monthly, we are going to be putting the very same attempts whether we are playing 1-lot or 10-lots...
Start in minimum lot-size (situational dependence), then use theâ€retained-earnings†and some kind of incremental method to trade larger lot...
Equities for years?Originally Posted by ;
That TF?
Don't believe the risk is exponential on a retail acc?
I don't make 10K per month, I was just calculating how much I could shoot my acc when keeping up the max DD at 10% and daily at 1.5%. You can do the calculation yourself with whatever level you're familiar with, set your max DD and daily DD from there calculate just how many transactions you can take daily per week inside your risk parameters, you have to have a egy - if you understand your expectancy you will easily compute the amounts. But again numbers are amounts in reality it may or will come up distinct but at least we understand exactly what to anticipate which means we will be prepared for the worst and for the best - and egies to avoid these 2 extreme polarities. Better be prepared than sorry.Originally Posted by ;
that's the way I kept raising the acc. But greed never seem to know when to finish. That's why I asked the question when do you quit?Originally Posted by ;
When the average intake of this played lot-size exceeds our #8220;max #8221; monetary needs, i.e., when we could still grow our saving account while maintaining our life-style...Originally Posted by ;
We can always trade larger lot-size when there are additional needs, but please restrain our #8220;wants#8221;...
(there#8217;s always a limit to our needs, but the #8220;desiring #8221; is limit-less)...
[quote=Piquant;10647295]I'm conscious that I will get variety of different answers depending upon the each individuals unique circumstance for somebody who's got a family of 4 to feed v single person, somebody who lives in an expensive city,
An intriguing point. No bounds are made by greed.
In case you had a company and it was effective, you'd hire people to run it allow it to expand. Bringing in prosperity.
Trading is slightly different.
You can trade, week in, week out and create an income, to pay the mortgage/rent,utilities,living expenses, automobile etc and put a little to one side .as Trading is a company.
OR, you sound seem a capable trader, try trading a few compound trades and struck it hard.
The cash you make then buy property and rent it out as I do.
If you do not trade you don't shed, trading is tough
I assume you could always make some cash then invest in stocks,bonds or
commodities to acquire a better return.
If you believe in terms of monthly earnings, then that means you would like to keep trading for infinite quantities of years (or until retirement) regardless of all of the risk inherent in trading. For me, I want to stop trading when I could invest my trading profit to real estate or something that may make for me when I sleep.
That way, when I walk away from trading, I'd know I'd still be getting a monthly income if I decide to butt out.
Just how much do you have on your account and what the market will give you is the earnings....
A few weeks may be zero, and also some weeks may be $2500 or greater....
That is an open ended question...
The question could be deemed as opened ended no matter how the income is what you put aside. Finally, many things will depend upon if you are profitable or not but what you do with that profit is what the question seems to be geared towards.Originally Posted by ;