for small account: 50K, what is the reasonable return?

Discussion in 'Trading' started by pocoyo2014, Apr 15, 2014.

  1. Since you're asking this question in the first place, you should be extremely happy if you break even after commissions, but I don't think even that's realistic.

    Good luck. :)
     
    #21     Apr 17, 2014
  2. cornix

    cornix

    Forget goals of return. Just make ANY return in the first place. Consistently. Later you will improve from that level.
     
    #22     Apr 17, 2014
  3. newwurldmn

    newwurldmn

    +1

    The only thing budgets are good for is to provide guidance for the amount of risk you should be running.

    Too many external factors can impact your ability to hit your budget.
     
    #23     Apr 17, 2014
  4. Crispy

    Crispy

    Ok then...

    Good trading to you Jack.
     
    #24     Apr 17, 2014
  5. Handle123

    Handle123

    Generally, when one speaks of a small account, it is small cause of lack of experience. And being lack of experience means learning curve can be many years of trying to have any profit at all. HUGE difference between established traders trading/investing $20k and one just starting out. So whereas first three years you are groping along at breakeven, an experienced trader can be hitting 100%-1,000% plus till he/she starts thinking of cutting overall risk exposure back. Everyone has a number in mind at this time, either withdrawing to diversify into other wealth building entities or buying a home.

    Case in point, I mentor a "kid" who is very good at finding low priced stocks that going to make a run up, he buys before me but in percentage form, I always make so much more. I can't teach him to sit on his hands, some elements of trading you have to learn by pain, and it is always PAIN, pain of taking a small loss or PAIN of not making enough on winners.

    You want to make long term profits? I started in my early twenties, buy one rental house each year, by the time you hit early sixties, you will have over 40 rental houses and you become one heck of a repair man, you now have money coming in and you have learned a skill/hobby.
     
    #25     Apr 17, 2014
  6. Lucrum

    Lucrum

    Or in the case of your $100 FX journal, a massive negative return.
     
    #26     Apr 17, 2014
  7. %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
    Amen especially with drawdowns not 80%, or more ,LOL

    PS for a trading contest, be a little bit more agressive;
    but realize many in that contest will blow up,LOL:D
     
    #27     Apr 17, 2014