Thread: 5% Growth a month?

Hello,

I have been trading off and on for a couple of years now (while making a little profit). Lately I got into trading price action after reading Naked forex (a worth while read).

I try and keep it very basic and just commerce out of daily / weekly S/R along side a couple of candle confirmations (engulfling/kangaroo tails) on a min of 4hr and Daily charts. No indiors is used by me.

So far I have logged the previous 3 months in presentation and I have manged to grow my own account just over 5% a month. I risk no more than 2% of my 5k account (#100) and typical 60-70 pips a good trade. I'd say my win rate is about 70% thus far. I trade around 15 FX pairs.

Basically I want to know if I am on the ideal track. Is 5% a month good to target?

Thanks,

Jack

hey. I would suggest to restrain your maximum drowdown. In case you have 3to 5% DD and make 5% monthly it's much better than having 20 percent DD and making 10%.and in case you've always every month 5%, it's really excellent result. I, however, would not consider 3 month outcomes to make conclusions. If you let us say finish up 12 months positive, and each month have 5% profit vs maximum 5?, only then I might count it a fantastic result.
Just 2cents

Originally Posted by ;

Hi, I have been trading off and on for a couple years now (all while making a little profit). Lately I got into trading price action after reading Naked FX (a worth while studying ). I attempt to keep it really basic and only commerce from daily / weekly S/R along side a couple of candle confirmations (engulfling/kangaroo tails) on a minute of 4hr and Daily charts. I use no indiors. So far I have logged the last 3 weeks in presentation and I have manged to grow my own account just over 5% a month. I risk no more than 2% of my 5k account (#100) and average...

without talking about anything trading, if you are earning 5% each month regularly that's wonderful. Ask a bank to give you 5% yield lol.

Do not be greedy but maybe you can try to enhance your return but that's great...

Zero DD is a great goal

5% a month account expansion as a target is imho realistic and achievable, however, I would be concerned if you were risking 2% each trade to achieve it, with a win rate of 70 percent, some thing not quite correct there.

Originally Posted by ;

Hi, I have been trading off and on for a couple years now (all while making a small profit). Recently I got to trading price action after reading Naked Foreign Exchange (a worth while studying ). I attempt to keep it really basic and only trade from daily / weekly S/R along side a few candle confirmations (engulfling/kangaroo tails) on a min of 4hr and Daily charts. I use no indiors. So far I've logged the last 3 months in presentation and I've manged to grow my own account just over 5% a month. I risk no more than 2 percent of my 5k account (#100) and typical...

Originally Posted by ;

Hello, I have been trading off and on for a couple years now (all while making a little profit). Recently I got into trading price action after studying Naked Foreign Exchange (a worth while read). I try and keep it really basic and just trade from daily / weekly S/R along side a couple of candle confirmations (engulfling/kangaroo tails) on a min of 4hr and Daily charts. I use no indiors. So far I have logged the previous 3 months in presentation and I have manged to grow my own account just over 5 percent a month. I risk no more than 2 percent of my 5k account (#100) and typical...

Hi Jack,
I have been daytrading for a couple of decades now and achieve about 5 percent pcm on long term average but I am not sure that one statistic has validity by itself. How I get it is by a constant small advantage on a lot of transactions: roughly 60 trades each month, average 55% success rate, risking 1% of their account per trade with an achieved average reward:risk of about 1:1. I very rarely receive a drawdown in double digits.

You do it in a somewhat different way, 2% risk and 70% success rate. I imagine you exchange a lot less frequently than I do and I have no clue what your normal R:R or drawdown profile might be from the info provided. To receive a correct assessment of how solid your system is, you would want to analyse it with all these relevant statistics collectively.

Another thing you need consider is what might happen to youpersonally, emotionally speaking, when you begin doing it with real money. It all feels quite a lot different then and pretty much everybody does better in demonion than dwell trading. So, I'd make certain you're 100% familiar with what you're doing until you go live on it, make sure both you and your method could comfortably handle the worst market scenario and the worst series of losing trades it's possible to conceive of - since it is almost certainly bound to happen for you! Aside from that, fantastic luck!

Excellent points, well made. Sound advice. Pay attention campers, this guy trades, correctly...

Originally Posted by ;

quote Hi Jack, I have been daytrading for a few years now and achieve about 5 percent pcm on long-term average but I am not sure that one statistic has validity on its own. How I get it's from a consistent small edge on a lot of transactions: roughly 60 trades per month, average 55% success rate, risking 1% of the account per trade with an attained average reward:risk of roughly 1:1. I very rarely get a drawdown in double digits. You do it in a somewhat different way, 2 percent risk and 70% success rate. I imagine you exchange a lot less often than I do and I have...

Drawdown doesnt matter as long as it doesnt wipe out your account/hit margin call; drawdown its a step of dread to eliminate a trade wich its own meanigless and useless in practice. .

And 2% per transaction and 70% win rate?? And you say that you average 5% per month?? You didnt create the math like you should OR something else its own fishy at best. .


And YES 5% its a simple goal per month (honestly its a bit low) AND using a TRUE border, you are able to tune the sl/tp targets to boost the triumph rate and risk over 5% PER TRADE with no problems whatsoever

but very few people knows what a true advantage signifies. . And almost everyone (myself included sometimes) its more afraid to eliminate money (private insecurities and trading/knowledge derivated) than making money

If it's going to be continue monthly 5% * 12= 60 percent yearly, really it is not below industry standard, it is so great keep it up.
Best of luck
remain green.

Jeezus, just when you believe (for once) a ribbon just might comprise sanity and avoid the attack of this delusionals...

Originally Posted by ;

Drawdown doesnt matter as long as it doesnt wash your account/hit margin call; drawdown its a measure of dread to eliminate a commerce wich its own meanigless and useless in practice. . And 2% per trade and 70% win rate?? And you say that you average 5% per month?? You didnt make the math as if you should OR something else its own fishy at best. . And YES 5% its an easy target per month (honestly its somewhat low) AND using a TRUE edge, you can tune the sl/tp targets to boost the triumph rate and risk more than 5% PER TRADE with no issues at all but really...