Rhetorical question - page 2
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Profitability averaging between 5-10% per day has been shown in trading since the beginning of the year
Which ones?
Profitability averaging from 5-10% per day as shown in trading since the beginning of the year
From 5% per day :
up to 10% a day :
Right? There is no error?
By checking the uncertainties with a "figure", we gain at least some ground under our feet. ;)
from 5% a day :
Up to 10% a day :
Right? There is no error?
By checking the uncertainties with a 'figure', we gain at least some ground under our feet. ;)
There is a mistake, you have an arithmetic progression, i.e. you don't account for reinvestment of capital. It should be geometric.
Just in case the daily profit might go up!
If I were the starter I'd start looking for a nice little island somewhere http://www.forbes.ru/forbeslife-photogallery/pokupki/271839-rai-za-moryami-14-chastnykh-ostrovov-kotorye-mozhno-kupit-pry/photo/1
There is a mistake, you have an arithmetic progression, which means you are not taking into account the reinvestment of capital. It should be geometric.
Just in case the daily profit might go up!
If I were the starter I'd start looking for a nice little island somewhere http://www.forbes.ru/forbeslife-photogallery/pokupki/271839-rai-za-moryami-14-chastnykh-ostrovov-kotorye-mozhno-kupit-pry/photo/1
You're wrong. He withdraws profits every day - he said so right away.
But he asked our opinion.
Here I am thinking either not to withdraw every day and withdraw once every 2 weeks.
Or start with $2000 or $3000 instead of $1000, but I need time ... with a depo of $10000 when trading at 0.01, the drawdown is just not acceptable....
Write who thinks ...
My opinion - reinvest 5% of the daily profits, the rest on the girls and other pleasures of life)) Withdraw $50 daily - and you'll remain a pauper.
Another thing is that it is fundamentally wrong to consider a constant daily growth of 5% when the depo grows. We may say that this will work up to amounts of several tens of thousands of dollars. And then, my guess, the growth will go logarithmically, i.e. with the growth of the depo the profit will decrease. So I was kidding, of course, with the islands.
I have to work out a formula for such growth, I will try to do it today.
But he asked our opinion.
Here I am thinking either not to withdraw every day and withdraw once every 2 weeks.
Or start with $2000 or $3000 instead of $1000, but I need time ... with a depo of $10000 when trading at 0.01, the drawdown is just not feasible....
Write who thinks ...
My opinion - reinvest 5% of the daily profits, the rest on the girls and other pleasures of life)) Withdraw $50 daily - and you'll remain a pauper.
Another thing is that it is fundamentally wrong to consider a constant daily growth of 5% when the depo grows. We may say that this will work up to amounts of several tens of thousands of dollars. And then, my guess, the growth will go logarithmically, i.e. with the growth of the depo the profit will decrease. So I was kidding, of course, with the islands.
I have to make up a formula for such growth and I will try to do it today.
The error is already in this assertion:"Profitability averages 5-10% per day, this has been shown in trading since the beginning of the year.
Although this error is not clearly visible. The error is veiled.
It is better to take a picture. In order to protect yourself from unexpected situations. On the other hand, as your balance grows you may increase the lot size of trades - and therefore your profit
Figures + psychology
1-I put in $10,000 - damn I hate to lose As I see it, even a 2% drawdown causes panic, so Murzik - pull it out!!!!
2-Got profit 10000$ - hurrah - took out of the market the sum which I put in
3 - Withdrawn $10000 - psychology is switched off as in fact the amount has been withdrawn from the market that was deposited + the amount that was initially risked has remained in my account
4 - Now it does not matter what the drawdown is, even up to 100%
The mistake lies in this statement:"Profitability averaging 5-10% per day has been shown in trading since the beginning of the year".
Although this error is not clearly visible. The error is veiled.
The funny thing is that the topikstarter has long since plummeted, and we're all in the old man chewing.)
I'd better go for a walk and write a program, I have to get ready for next week.
I have visited my brokerage companies now and they have very slimmed down the order opening in GBP and leverage for GBP in different accounts.
But on non-pound instruments everything is the same, i.e. I will trade.
In general, you need to set a realistic goal,
100% per annum is realistic.
the main thing is to outpace bank interest + inflation