How much can i earn?

Hi seniors i am new to trading and i have many questions.First of all i want to know how much percentage of my capital can i earn on monthly basis by trading? can i earn a 5% average gain over my capital on monthly basis provided i have sound knowledge of technical anlalysis ?

Yes, 5-10% is achiveable in a month, only if you buy in a crash and sell on rallies of 3-4 days. Time (days, month, etc.) and profits are not related in Markets. you can get 50-100% profit even in a day or lose 100% in a day.

Dear Sir,
Welcome to the trading battle field.It is possible to earn....but with sufficient risk capital.Please develope a trading plan which is giving profit and follow it diligently OTHERWISE it will be a failure.Take care of you.
With best wishes,
Ram.

Thank u all for ur ideas .How could i loss 100% in a day if i use stoploss

If you don't have a plan to follow then, even at stoploss at 10%, it can take just few wrong trades to wash out your capital (because with each loosing trade, stoploss get nearer which increases its chance of being hit)

So yes whatever you plan to earn is achievable but you need to invest yourself into learning first (before investing real money)

Just to tell u the reality of this business (happens to 95%+ novice traders).. one looses first and after long battle, can they come at a stage to make consistent profit.
And infact, 90% of traders never make to that consistent performance.

So, ask yourself, how much you are preapred to loose ? How are you going to master the trading profession ? What is your risk management and money plan ? Do you have strategy that has proven to you on historical data that it works ?
If you want serious money here, then master the art of trading profession.

Unfortunately, there is lot more to trading beyond Tech Analysis which u will realise only when u enter the market. Once you master above points and trading psychology, then u can make money beyond dreams, not just 5%.
It is tough battle man, and more of it is just with yourself, your emotions, discipline and psychology.

Happy Trading.

just never forget this line

thanx AW10 for these golden words

regards

Enough said by other members.

Professional traders want to execute excellent trades, their aim is not to make money. But their trades produce money as a by-product. In this way one could avoid emotional trades. Sorry, it doesn't matter how sound you are in technicals.

Happy Trading

Perhaps you can earn 0,5% a day, but you must respect some rules : limit the risk at 0,5 or 1% of your capital on a trade, and, MORE IMPORTANT: if you want to earn 0,5% a day (an average), stop trading when you have earned 5% in the day.Don't trade the next day. Stop for the day if you have lost 3% in the day.Stop for the week if you have lost 6% in the week.Don't try to recover at once. Divide by 2 the size of your positions if you have lost 15% of your capital. Stop trading for a month if you lost 20%. Stop trading for the end of the month if you have earned 20% in the month .(I think it's more difficult to keep a small risk when you win than decrease the size of position when you lose). Etc.. you can write your rules.
And don't forget that with a very performant method ( 80% of win trades) you have a probability of 72% to obtain a serie of 3 lost trades on 50 trades. How many lost trades ( and losses) are you ready to face?
If your method ( your system or your nose) works, don't try to improve it. Better is ennemy of good

Citizen ,

To give you a example. At start of the match a Tennis player never thinks about winning the match. His only focus is to win the current point. Thats all. He does not even think about winning the set. He focuses on his strengths and what he is gonna do to win this current point.

Day Trading is not about earning in %. Before entering in this domain, know what ur gonna do. Have a plan for entries and exits. Dont think in terms of earnings. Perfect ur plan. And execute it. Some day's i sit hours all together waiting for my entry point. At times i get bored. But i dont rush in just because i need to earn % of money. I follow my system and take whatever market gives me. Some days its 1000 some days its 10000... somedays its -2000!! .

Numerous posts on this forums to guide you. But to summarize.... PROTECT YOUR MONEY. I have loosing trades almost 40% of time. But money management have ensured that im still profitable.

Regards ,
Stumper.