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What is a reasonable return
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What is a reasonable return

  #31 (permalink)
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I have been told by a successful trader, an average of 1% a day (1R, or your risk on one trade) is a spectacular but achievable goal.

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  #32 (permalink)
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Quoting 
What rate of return is realistic for an individual self-directed retail trader.

Before pushing the VOTE button - Got a problem understanding the exact poll question..

Shall I understand

1) what I am expecting from a normal retail trader who should live from trading? or
2) what I am expecting from MY trading?

Help please!

GFIs1

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  #33 (permalink)
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A small profit factor with a modest 33% drawdown will make you much more than the S&P annually.

If you are new, forex is the best IMO. Futures are difficult to trade with a small account, due to the structure of contract margins. Forex will cost (overhead) less than a futures account. Forex also has better pip increments compared to future ticks.

"A Jedi's strength flows from the force."
-Yoda
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  #34 (permalink)
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Poll closed, results:

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Mike

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  #35 (permalink)
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Poll closed, results:

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Mike

screencasts are hard to view on tapatalk.

Regards,
Neil.

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  #36 (permalink)
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So 57.14% think that self directed should be minimum 5% a month?

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #37 (permalink)
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Am I the only one who finds these 10%+ (hell, even 3%+) hopes/expectations absurd? I mean...10% monthly will triple your money in a year. The best and luckiest traders Schwager has interviewed didn't reach that type of performance.

I guess it's possible maybe if you're trading some tiny and ridiculously inefficient market nobody else knows about...?

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  #38 (permalink)
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mattz View Post
So 57.14% think that self directed should be minimum 5% a month?


imPairsonator View Post
Am I the only one who finds these 10%+ (hell, even 3%+) hopes/expectations absurd? I mean...10% monthly will triple your money in a year. The best and luckiest traders Schwager has interviewed didn't reach that type of performance.

I guess it's possible maybe if you're trading some tiny and ridiculously inefficient market nobody else knows about...?

Yes, absurd in my opinion. I understand that the little retail guy has the ability to be nimble, but I think peoples expectations are all wrong here. I tried to say so earlier in this thread, but you can see everyone disagreed with me for the most part

I think it simply demonstrates how unreasonable the expectations are for most people.

Perhaps one day I could do a poll that is aimed only at traders that have been consistently profitable for more than 2 years, and ask the same question, to see what a more realistic return is for the group who is actually making returns on a consistent basis

Mike

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  #39 (permalink)
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imPairsonator View Post
Am I the only one who finds these 10%+ (hell, even 3%+) hopes/expectations absurd? I mean...10% monthly will triple your money in a year. The best and luckiest traders Schwager has interviewed didn't reach that type of performance.

I guess it's possible maybe if you're trading some tiny and ridiculously inefficient market nobody else knows about...?


I somewhat agree with you, I think Big Mike should have signified who he wanted to participate in that poll, futures traders or equities traders, I believe this important distinction would have made the poll a lot more informative. I noticed you listed equities as a "favorite instrument" in your "description box," that might explain why 10% seems absurd to you. I'm sure in the real world there are many more equities traders than futures traders but I'll bet here on futures.io (formerly BMT), futures traders rule. As a futures trader I consider a 10% MoM return a modest goal, for a seasoned trader. Before everyone gets their panties in a wad, consider the criteria of the Top Step Combines that are posting here on futures.io (formerly BMT). Top Step is looking for traders that can take a 50k account and generate 5k of profit (10%) in twenty days, or 16k of profit from a 150k account (10.6%) in twenty days. Guys are doing it quite often, but they're not trading POT, HOG or YUM.

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  #40 (permalink)
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Cashish View Post
I somewhat agree with you, I think Big Mike should have signified who he wanted to participate in that poll, futures traders or equities traders, I believe this important distinction would have made the poll a lot more informative. I noticed you listed equities as a "favorite instrument" in your "description box," that might explain why 10% seems absurd to you. I'm sure in the real world there are many more equities traders than futures traders but I'll bet here on futures.io (formerly BMT), futures traders rule. As a futures trader I consider a 10% MoM return a modest goal, for a seasoned trader. Before everyone gets their panties in a wad, consider the criteria of the Top Step Combines that are posting here on futures.io (formerly BMT). Top Step is looking for traders that can take a 50k account and generate 5k of profit (10%) in twenty days, or 16k of profit from a 150k account (10.6%) in twenty days. Guys are doing it quite often, but they're not trading POT, HOG or YUM.

Yes, futures.io (formerly BMT) is far and wide made up of futures traders.

Interesting comparison w/TopstepTrader, I will ask Michael Patak at TST if he would be willing to share what a longer term MoM return looks like for traders that have been in the program for say at least 6 months or a year, just to see what a long-term consistently profitable trader looks like on their side.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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