i found this in a book and nice to share:
For my style i use Example 2, because i need only 200 Ä / day.
So i have money for life and money for acc.
Here are three examples of having a plan.
Trade 15 trades with one lot per trade, per week, for 10 pips, with an average profit of $10 per trade; 150 pips per week at $10 equals $1,500 per week. Letís add a vacation, as in the next example.
Some would say this example is the goal of a part-time trader:
Trade 10 points a day.
The broker pays an average $10 a point (pip) = $100 per day.
Trade five days per week = $500 per week.
Trade 40 weeks a year (includes a three-month vacation).
Trade one lot per day = $20,000 per year.
Trade five lots per day = $100,000 per year.
Trade 10 lots per day = $200,000 per year.
This example involves only one currency combination with focus and selective trading.
We will assume that the trader is trading only the $JPY (Japanese yen) on a standard
account, with the goal to obtain 100 pips per lot per week.
Pick one or develop your own plan. Start small with only two to four trades per
week and set a goal to develop into a 40-lot trader. The example that follows is based on
obtaining 100 pips per lot per week and the $JPY paying an average of $8.50 per pip.
100 pips with 1 lot ◊ $8.50 = $850 per week.
100 pips with 2 lots ◊ $8.50 = $1,700 per week.
100 pips with 3 lots ◊ $8.50 = $2,550 per week.
100 pips with 4 lots ◊ $8.50 = $3,400 per week.
100 pips with 5 lots ◊ $8.50 = $4,250 per week.
100 pips with 10 lots ◊ $8.50 = $8,500 per week.
100 pips with 15 lots ◊ $8.50 = $12,750 per week.
100 pips with 20 lots ◊ $8.50 = $17,000 per week.
100 pips with 30 lots ◊ $8.50 = $25,500 per week.
Best regards wh
The following user says Thank You to wh for this post:
no you have to trade any way that works for you if you need to say hey i need 2000 dollars per day then trade to make 2000 dollars per day if you need to look at a long time frame then do that what ever works for you is how you should trade and what works for me might not be right for you,learn to break these crazy mindsets that what we are taught is correct thats bull,everyone teaches something different so does that make them all right or all wrong no what works for you is right...sharky