10% per month..Possible?
- Thread starter amitglinkedin
- Start date
100% per month also possible , -100% also possible .
very very few traders can achieve 10% per month consistently .
better aim for green every month be it 1% or 10% or 20% whatever market gives you .
every month market conditions are different , some months may give good profits and in some months it may be difficult to breakeven.
different persons have different trading styles , some may take higher risk so their profit/loss could be in higher % than others.
so dont feel good or bad watching others % profits , different trading styles different returns.
very very few traders can achieve 10% per month consistently .
better aim for green every month be it 1% or 10% or 20% whatever market gives you .
every month market conditions are different , some months may give good profits and in some months it may be difficult to breakeven.
different persons have different trading styles , some may take higher risk so their profit/loss could be in higher % than others.
so dont feel good or bad watching others % profits , different trading styles different returns.
Excellent discussion on my old thread. TraderRavi's suggestion looks good. Aim for a green month consistently instead of 10% or 20% gains for a month.
My actual results are erratic and drawdowns are hefty. Unable to control emotions like fear and greed. Trading is intellectually simple and emotionally hard to play.
Lessons I learnt.
1. If my trade size is small say 1 lot trade, I feel more comfortable. When my trade size is large say 3 lots, I am in doldrums.
2. I feel positive and energetic when I make profits. I feel depressed and down emotionally when my trades go wrong. Emotional failure.
3. I know three things should be in place before I make any trade. Trade price, Stop loss, Target. I failed miserably on this front.
4. What I conceived so far is that : trade size should be as per our emotional equilibrium.
5. Never bothered to have a trading plan which is the reason for the catastrophic failure.
My actual results are erratic and drawdowns are hefty. Unable to control emotions like fear and greed. Trading is intellectually simple and emotionally hard to play.
Lessons I learnt.
1. If my trade size is small say 1 lot trade, I feel more comfortable. When my trade size is large say 3 lots, I am in doldrums.
2. I feel positive and energetic when I make profits. I feel depressed and down emotionally when my trades go wrong. Emotional failure.
3. I know three things should be in place before I make any trade. Trade price, Stop loss, Target. I failed miserably on this front.
4. What I conceived so far is that : trade size should be as per our emotional equilibrium.
5. Never bothered to have a trading plan which is the reason for the catastrophic failure.
Trading with confidence is not easy for everyone. I used to do only scalping till recently until I stumbled upon Linkon7's method. Even though I am not a full time trader and hence cannot monitor my position constantly, I am now able to trade with better confidence. Thanks to TJ and all those who post their methods for beginners to follow
Linkon7's system is posted in Derivatives > Options section under the title " GOOD PROFIT: Hedged nifty positions with straddle." He creates a short straddle in the beginning of the month. The premium received is higher than from strangles. He trades futures using the strangle as a hedge. I use futures as the hedge. If market is unidirectional, very little intervention is necessary
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