From the newbie desk: returns expectations

Discussion in 'Trading' started by VicBee, Jul 22, 2021.

  1. VicBee

    VicBee

    70% TSLA, the rest a mix of large cap stocks.
     
    #11     Jul 22, 2021
  2. VicBee

    VicBee

    6 figures, closer to 7 than 8 to be fair.
     
    #12     Jul 22, 2021
    virtusa likes this.
  3. tonyf

    tonyf

    Congrats on your big wins. You have correctly stated that those are lottery gains at least :)
     
    #13     Jul 22, 2021
    VicBee likes this.
  4. VicBee

    VicBee

    If you'd read you'd notice that I'm the first to acknowledge riding the bull market of 2020.
     
    #14     Jul 22, 2021
  5. virtusa

    virtusa

    I'm not shitting on him. I just point out that the statement can be interpreted wrong.

    For as far is I know Vicbee, he probably made at least a 6 figures profit.

    But the statement can even be accurate for someone who is on unemployment.
     
    #15     Jul 22, 2021
  6. VicBee

    VicBee

    No offense taken. I was on a low 6 figure income and multiplied it by 7.3. Again, lottery ticket bull market win and fully aware that this year is much more difficult. I will be happy to get 6 figure this year!
     
    Last edited: Jul 22, 2021
    #16     Jul 22, 2021
    virtusa likes this.
  7. SunTrader

    SunTrader

    Well reading "between the lines" suggests to me that you know what you need to do but yet you want someone else to tell you to do it.

    The goal of each day should be to follow your trading plan. Having a daily goal/fixed amount should not be part of that plan. If it happens great. Volatility ebbs and flows. If a market moves 2% one day and 0.2% the next day how can you try to get the same profit amount from each of those days? PA controls, we can only follow. Last year was last year.

    Percentages sustain, amounts thrill. So does Vegas.
     
    #17     Jul 22, 2021
    VicBee likes this.
  8. deaddog

    deaddog

    I rate myself by whether I followed my plan.
     
    #18     Jul 22, 2021
    lindq and SunTrader like this.
  9. tonyf

    tonyf

    Did you treat yourself at least OP? did you buy anything nice? reward is as important as compounding otherwise what's the point...
     
    #19     Jul 22, 2021
  10. newwurldmn

    newwurldmn

    Percentage returns. Its better to not think of the money as real (like casino chips). As your account grows the $ figures will affect your emotional state especially as the numbers get bigger.

    If you stick with this, there will be a year where you will give back multiple X's your salary benchmark. Expect it and plan for it and in the meanwhile continue to grow your capital.
     
    #20     Jul 22, 2021
    tonyf likes this.