I personally aim to have a positive month, each month. I think having a target as such can affect one's trading when you start chasing profits. Just take what the market gives you and it will all add up.
I never thought that i am best trader, maybe i am worse one in here, but after the years of trading i am sure 2% per month (24-25% a year) is very good.
Let's see, I started with $25,000 5 1/2 yeras ago and here are the resultsnot to brag.....well, kinda bragging) 1998 (5 months) $20,000 1999 $414,000 2000 $1,657,000 2001 $1,016,000 2002 $525,000 2003 $ 165,000 Looks like I'm on the downside of the curve! The point is that i think the question is misguided. All one can do is trade safely. I went from maybe 1000% in a year , to 10%. You can't keep increasing at an exponential rate because increasing size will affect the market prices in a negative way, at least in many stocks. As an example, I bought 25,000 ONE on theopening yesterday. The total opening was 75,000 shares. So, had I done 50,000, the price surely would not have been the same (it was a market order) Just find a strategy that works and don't worry abt %'s.
i don't know about you, but i'm interested in what has been achieved by other traders. there's nothing wrong with stating your accomplishments.
GG: Those who call you (a fellow trader) a "fool" and a "loser" are just sour people and should not be posting on ET as they wreck good threads by puking out their personal problems. To call a fellow trader a loser and a fool is very distasteful in my sight and those who do so... should be horsewhipped. Pls do continue posting - you're always welcome to post on any of my threads despite what all the message board controler wannabes postulate. If we cannot end up busting up laughing at at least some posts here by the time we're done reading then we're missing a critical point to posting itself. Ignore the abjects. ol
"Just Bragging" refers to the add from Donald Trump for his Resorts... But I would say that , as many long run trader (I'm not) know, exhib figures on a the web a little thing. It is more interresting to know the cash you had (25K?), on whitch product you trade (Options ? Futures ? stocks?) and what is your Std Deviation as mesure of risk or your normal VAR. You can't compare a 37% yield per annum with 10% risk and 100% yield per annum and 100% risk rgds