[BlowFish]

You might want to look here TradersCALM - Calculating risk of ruin to answer your question about what sort of return a competent trader might expect to make. All you need to know is here. You will quickly see that it depends on the nature of your edge (%winners - average winning points - average losing points) and the biggy what sort of risk you are prepared to accept. (By risk I mean risk of blowing up your account not risk on any particular trade though the 2 are correlated).

You can probably find an excel spreadsheet knocking around that will allow you to see how changing different variables effects things. These variables will be different for every trader which is why there is not one size fits all.

[TradeRunner]

Originally Posted by Tams »

wrong again.
trading is not a business
many people (esp the system vendors) would want you to think so
sure a business plan sounds impressive,
and money management skill is important, right?
but let me tell yo uthe truth...
trading is not a business

Hi Tams

Why do you think trading is not a business?

TradeRunner

[Dcash]

Originally Posted by BlowFish »

You might want to look here TradersCALM - Calculating risk of ruin to answer your question about what sort of return a competent trader might expect to make. All you need to know is here. You will quickly see that it depends on the nature of your edge (%winners - average winning points - average losing points) and the biggy what sort of risk you are prepared to accept. (By risk I mean risk of blowing up your account not risk on any particular trade though the 2 are correlated).

You can probably find an excel spreadsheet knocking around that will allow you to see how changing different variables effects things. These variables will be different for every trader which is why there is not one size fits all.

thanks BF i will do that and many thanks to Tams for time spent in helping me understand several things