kiwiarian wrote:Don_xyZ wrote:aliassmith wrote:
If I'm making 30% a month trading the EURUSD or mini S&P futures, I can literally make millions a year.
Most people don't understand that having a conservative risk profile and earning 10% a month can get you in the top 5% of income earners. Rich Uncles converted to self financed is an easier path.
After some time even the 1% is possible.
30% is crazy big.
If a trader pushes himself to the limit they will hit the max leverage wall which no one can avoid. When this happens, a total reduction of % gains is inevitable. At this point, even 5% a month will be very difficult to achieve.
Not many people are up front on what is a realistic goal, youtube gives people such unrealistic and false hope. I used to think traders would pull in 5% easy a day every day until I asked a full time trader I knew what's realistic and he said he averaged/ranged from .25% to 1%.
He had his own money so wasnt fussed about funded account targets etc.
I guess us Newbs need to remember this is not an overnight thing. It's like paying a mortgage off, will take years to make progress.
Hard to say what realistic is. It depends on MM and how it is measured. In general you will probably still get a bell curve around some number.
If you take enough data from profitable scalpers counting their whole investment stash.
If I have 100k in my trading account and make 10k then I made a return of 10%.
If I have 100k to trade with and deposit 10k then make 10k, I still made 10% or I made 100% on whats in the account.
If I have 10k to my name and make 10k I've made 100%
Number games.
From strictly profitable scalping days, I've made zero to about 50% in single days. 50% in a day is outlier. Numbers are based on all trading investment capital.
From what I have seen 50% to 300% a year is a "normal" range for day traders. I know you are going to hear so and so made 1800% and I'll say outlier.
