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How much profits do you expect to get back from a USD20,000 trading account?

Discussion in 'General Forex Talk' started by RahmanSL, Jul 27, 2013.

  1. RahmanSL

    RahmanSL Major

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    Coincidentally, I have refunded one of my live account on 18th & 29th July 2013 with AxiTrader with two deposits (USD1,333 & USD1,633) totaling USD2,966 - USD94.92 (total fees charged)= USD2,973.08 - USD44.66 (owe AxiTrader due to last account wipe-out)= USD2,928.42
    **Note: I will add in more funds as the situation arises (e.g if account balance come close to margin call and is in danger of being wipe-out)

    I will post the trading results here this Sat 3/August/2013 and, baring any unforeseen circumstances (like account wipe out:p), every Sat for the next 3 to 12 months.

    Since the Ancient One has apparently issued a royal decree (i.e Uncompounded at 1000 per month, that's 5% per month, and 60% per year.
    I want to see someone do this on a live account for 2 years.....The question is, can you do it reliably and without risking blowing out the account?
    ), that would be an incentive for me to strive for improved trading.

    But if a few concubines can be thrown in as incentive bonus, that would really make me shine as a Trader:cool:

    ===========================

    As a matter of interest, today I am harassing the JPY/USD going long on any significant dips with TP set at 101.00.
    I believe a strong Yen vs the USD is very undesirable to the Japanese as they need more exports to boost their GDP economy.

    A word of caution here for anyone crazy enough to follow my insane trading style: Make sure you have plenty of equity to sustain any initial losses. Also make sure your CC and webmoney bank is topped-up for any emergency funding.
     
    #11 RahmanSL, Jul 31, 2013
    Last edited: Aug 3, 2013
  2. Whitesnake

    Whitesnake Corporal

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    @rahman,

    But why such a risky way of trading, when you can make few pips on consistent basis. Now really do not have that kind of capacity to keep reloading the account. :(
     
  3. RahmanSL

    RahmanSL Major

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    I was spooked by more down movements on the USD/JPY some minutes ago and have topped-up another USD1,220 - USD35.26 (fee charges)= USD1,184.74 from my Skrill account. Anywhere, since I intend to trade a USD20k account, I might as well top-up the account this way.

    Yes its very high risk trading that way....but with risk comes the rewards :cool:....or wipe-out :(
    Hence, have to keep ready top-up money ready.

    Most unfortunately, a few pips a day is not sufficient to satisfy my appetite and so I will have to trade with a bigger account...that live account balance is now USD5,293.35 with equity at USD4,516.
    Lets see how that live account survive at the end of the week.
    ===============================

    P/S: If you see the USD/JPY going up and up from the present 97.6 levels, that means my account is doing well ;)
    But if there is further drastic drop in the pair, that means my account is not doing too good :(
     
  4. Whitesnake

    Whitesnake Corporal

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    @rahman

    Well i really do not prefer to take such high risk and really do not have money to keep reloading my account with that huge money now. :(
     
  5. RahmanSL

    RahmanSL Major

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    Very wise & correct mindset which should be practiced by all sane and REAL traders.
    I supposed I am just a wanna-be trader having some fun with trading the forex.
     
  6. willforex

    willforex Corporal

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    You have funds to trade and you don't care whether you win or lose even though your prime objective t. So you don't feel the risk.

    That's it.
     
  7. willforex

    willforex Corporal

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    I am happy with 20 - 25%

    Most of the people looking to grow the wealth. So obviously they go for higher returns within the risk level.
     
  8. RahmanSL

    RahmanSL Major

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    Yes, remember one of the golden rules in trading the forex: Trade only with money you can afford to lose. That way, there is not much stress nor anxiety when trading.
    So we shall see how my account survive through the weekend and, hopefully, through the months ahead.

    20-25% profits per year is a sound safe number to go with for most or all real traders.
     
  9. RahmanSL

    RahmanSL Major

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    Ok, that was reckless of me to place so many trades on the JPY/USD....BUT;), I was correct in market movement and have closed all 21 positions with decent profits.

    So now I trade safe with just three trades :p
     
  10. RahmanSL

    RahmanSL Major

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    Changed my mind.....After finish playing with the JPY/USD, I put in some long trades on the AUD/USD at the 0.893 levels and leave over night for positive swaps.
    In my opinion, the Aussie does not want their currency too low or too high....ideally at the 0.92 levels. So, I wait & see cause I will probably be trading this pair in the next session.
    ======================

    Closed all, but 4 long positions on the AUD/USD at the 0.898 levels...and made USD23.27 treble positive swaps in the process....will add some more longs on the dip....but probably play short EUR/USD at the 1.33 levels today.
     
    #20 RahmanSL, Jul 31, 2013
    Last edited: Jul 31, 2013

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