Just out of curiosity, how much do you typically make per month as a trader? What type of strategy do you use?
//----Just out of curiosity, how much do you typically make per month as a trader? What type of strategy do you use?
Since it's been about a month since you replied, out of curiosity, how well did you do over the past 3 or 4 weeks? Would you say it was a good or bad month, considering your normal performance?//----
hey leigh..... bad news first..... there have been maybe 4 times where i have lost around 5k in a single day.....
my average might be 1000$ a month over past 16 years..... probably less a month than many traders make a day.....
sometimes might go months and not trade at all..... which might be a positive....
my preference is trend trading..... however, those 5k losses in a day might suggest otherwise..... h
//----Since it's been about a month since you replied, out of curiosity, how well did you do over the past 3 or 4 weeks? Would you say it was a good or bad month, considering your normal performance?
That's awesome, thanks for the reply!//----
hey leigh..... far better than normal..... the markets were better suited for trading.....
this is an account i move money around almost daily to and from other accounts..... it alone made 3400 this week.....
There is no fixed answer from my side! Since, I am trading without any monthly target; when I get a good trading opportunity only then I would like to open a new trade position; I don’t force myself to open a new trade position! Quality is my 1st & only one priority!Just out of curiosity, how much do you typically make per month as a trader? What type of strategy do you use?
I think this is a good way to think about it!There is no fixed answer from my side! Since, I am trading without any monthly target; when I get a good trading opportunity only then I would like to open a new trade position; I don’t force myself to open a new trade position! Quality is my 1st & only one priority!
I think that's definitely a good way to go about it. Overtrading definitely isn't a good thing, good to be confident about the trades you do take.Every month is different with higher and lower profits. I have been lucky to not lose too much money in any trades but I think that is more because I will not trade more than I would be comfortable losing. No one is perfect.
Wow! ImpressiveI target yearly profits since i am part time trader it is between 70-100K USD
Just out of curiosity, how much do you typically make per month as a trader? What type of strategy do you use?
That's fair! Some people may be more comfortable sharing. I find it interesting to see how others make it out with losses versus profit over a period of time.To be very honest, that’s very embarrassing question to answer! Since, it’s a very personal issue! On the other hand, I use Price Action with supply/demand trading strategy!
I honestly think that a lot of the Youtubers are probably doing YouTube and mentoring because it's paying them more than actually trading. Some are probably legit, but I always take that with a grain of salt. It's good that you haven't given up yet, 3 years is a decent amount of time and around how long I've been at it, although I'd never consider myself as more than maybe an intermediate trader.Have been trading forex for 3 years now. I am still trying to figure it out how to make some money. I wonder if anybody is making money. The great teachers are all teaching on youtube instead of making money online.