How did you grow your account into a big one?

Discussion in 'Professional Trading' started by careless, May 14, 2013.

  1. I hear ya, about everytime you think you have something figured out, something changes

    But I've been around long enough that I would never put some of my serious money with a trader

    trading is something you do for yourself, not for others

    how could it be otherwise?
     
    #91     May 18, 2013
  2. mark_mm

    mark_mm

    Assuming you have a/some strategies that are profitable to some degree. Starting with a smaller account and growing it requires compounding or raising the risk levels on the profits that you can ring fence as "house money", as others have already said.

    If trading your strategy requires you to be in front of a screen all day and therefore no other income I would think it would be incredibly difficult to compound and the pressure to make sure you have enought to live on could interfere with your trading too much.


    I would suggest automation or partial automation, along with a job that you could do from home/or a spouse who earns well and is willing to support you.
     
    #92     May 19, 2013
  3. That's the "recipe for success" for most people.
     
    #93     May 19, 2013
  4. [​IMG]
     
    #94     May 21, 2013
  5. You need 3 things to grow your account into big one. The first is the determination and then you need patience. Most importantly you need compounding, otherwise the account will not grow in good time.
     
    #95     May 21, 2013
  6. Could you make 100 times as much per day if you had 100 times as much capital? If so, then why not do it? There are many places that would give someone a shot if they can prove 25% per annum with <20% drawdowns over a 3 year period, for example.
     
    #96     May 26, 2013
  7. man, I have more than a 20% drawdown in the first few hours of trading!

    wouldn't it be nice if you could make 25% with less than 20% drawdown?
     
    #97     May 26, 2013
  8. deaddog

    deaddog

    By increasing size.
    Once I developed an edge I increased my risk on each trade. I started risking less than 1/2% of account size per trade and slowly increased it to 2%.
    This has quadrupled my return.
    I swing trade stocks, usually make 100 to 150 trades per year.(2 to 3 trades per week)
    Win rate=37%; Risk/Reward= 2.6 to 1;
    I don't compound as I spend what I make, but by compounding you should increase returns even more.
     
    #98     May 26, 2013
  9. I think this is depend on every traders abilities . because one professional trader can really make fast money with forex and one new cant make weekly money from forex .

    So just people need know more about forex for earn .:D
     
    #99     May 27, 2013
  10. Good numbers.
     
    #100     May 27, 2013