The same people that make claims here used to stand on street corners, harassing the elderly and single women. ET provides a service keeping them indoors.
Generally money at risk should net a minimum of 25% APY. (after labor costs...yes traders keep track of your hours). This is a job not a casino. A good return well...anything above 25% APY...but watch your risk...if your spreadsheet indicates you are on track...take the day off...unless your A SEASONED TRADER. MB
20-30% net / year on a sub 1 million cash account. But there are much easier ways to make money than trading.
Does anyone show annual 20% compounded in the last 30 or 50 years? Raise your hand, without just hoping. PS) Note that annual 20% compounded makes 9100 times by 1.2^50 = 9100.438. PS2) For the first 10 years, it grows only 6.2 times by 1.2^10 =6.191736.
You're sure it's over a full ten years ? If you've managed 30% p a without leverage while going through the 2008 meltdown that would be very very good.
To say 25% compouded, you should make 10K to 70000*10K for 50 years by 1.25^50= 70064.92. Can you or did you do that? PS)If you say surely, then I can lend you cash for annual 12%, under forced sell.
In case of future meltdown, it might be reasonable to make OVER the index. For example, during the index 10000 to 6000 for ONE year which is annual -40%, he should lose ONLY 10% in order to make 30% OVER the index.
The 50 year part is a little hard for a 58 year old man to verify. But I did place my first trade with Merrill Lynch at the age of 18 years old on my sharebuilder account then a few years later I got into GNMA accounts with Paine Webber. It wasn't until I came to ET nearly a decade ago that I started to shoot for 25% APY after reading some wise posts here. Earlier I involved myself in drawdown theories and opinions, but generally speaking money at risk should make a minimum of 25% APY...I stand by that. Maybe there are some aliases here that know my track record and can attest to my abilities. If not you will just need to accept that 25% APY (after labor and costs) on amount invested with a yearly reset is a necessary benchmark to shoot for. This is not easy and I have never stated it is easy. Trading is the hardest thing I have undertaken in my life. P.S. I am not here to troll for clients or sell anything as I am not for hire. I simply missed posting with traders and have had some huge financial set backs with capital resets (outside of trading) depleting my trading capital. I have been up and have been down but I shoot for efficiency and to make my numbers. Again I am not looking for capital even at 0%...To traders out there learning how to win...try taking 50% of the profit out of your account monthly, quarterly or whatever and let the other 50% profit ride. Always balance...keep the balance grasshopper . ElectricSavant™