Would 20% return annually be enough?

drjekyllus · May 5, 2009

Quote from tomsmith:

Good answer, but I'm just looking for some simple comments about how traders here fare as a % of their accounts Just curious to know that if the traders here wanting to make a fair salary of say $100,000 or so , and accepting the fact that the supposed best minds in the business that run big funds might only have returns of 20% or so, do you figure you need a $500,000 account to start with, anticipating returns equal to the better fund managers, or do you feel that even with a smaller account you can outperform them and get a much higher return, say 50% or more annually?
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Yes, 20% a year over the long term is very good. I have had 50%+ years but had other years that weren't so stellar. If you want to see how other traders are doing please see this thread.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=162253

jluna22 · May 7, 2009

you are asking the wrong question.

the focus ought to be on the specifics of the trade.

forget about how much you will make this year.

think about how you will execute an elegant trade and maximize your risk adjusted return for that trade.

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Would 20% return annually be enough?

drjekyllus

jluna22