Registered: Dec 2007
12-17-11 12:05 AM
Quote from vinc:
Hey, Instinct - did you count your profit percent wise now that the end of the year is near? If so, what is it? Great trading - the most important part is that you show it day in and day out so your consistency is unbelievable..Respect!
Percent return really does not mean much to a trader like myself. The only thing that matters is my bottom line profit after commissions in dollars. But to answer your question I'm up roughly 13k so far this year on a 10k account, with the bulk of that coming from the second half of this year, so 130% return. But again that number doesn't mean a whole lot.
Do I need the full 10k in my account? Not really, but it's there for psychological reasons. If I were to withdraw 5k, I can probably still trade the same and my return on equity is 260%. But I'm still only up 13k.
Not a whole lot in terms of profit, but I do have savings set aside from my previous job of 10+ yrs, plus some monthly income from other means. My living expenses are low as well and I don't have a family to support so that takes a lot pressure off me.
Probably more of an answer than you were expecting.