Current returns for 2008/09 financial year?

MRC & Co · 25 April 2009

Just look at TH, his done 1k to 50k in a wk!

Best % return I've ever done along a similar line, is 1k to 20k in a month.

So yes 1000% per annum, it is very achievable, but on smaller accounts.

jono1887 · 25 April 2009

wow, i never realised those kind of returns were possible

MRC & Co · 25 April 2009

jono1887 said:
wow, i never realised those kind of returns were possible

Don't worry about 'what is regarded as a good return' as per your initial question and post in the thread. Work out how you can be the best you can be without any limits of the imagination, most will regard it as impossible, because in their perceptions, it is and for this reason, they will never achieve it.

And I wouldn't say you have to be a rigid, dispassionate scientist, but you have to have conviction in yourself and the ability to keep a positive mindset, because there will be times and many of them, when doubt creeps into even the most confident of minds.

Personally, I would say, the life of a trader is a constant evolutionary process. You never reach your destination.

Like always, only my opinions of course, which are based off my own perceptions, whilst trying to form no opinion!

jono1887 · 25 April 2009

none of the replies have actually answered the question asked in this thread... what are ppls current returns for this year??

beamstas · 25 April 2009

It's not about this years returns that count.

Would you like to return 100,000% this year, sit around thinking you are the best there ever is and then blow 100,000% next year

I know it's a bad analogy but concentrate on being consistent. It's hard to scope and compare yourself to others by asking them what their return is this year. In theory this year should have been one of the most profitable years for traders in the last 5 years

Brad

Nero64 · 25 April 2009

Currently i only trade safe stocks... ive only traded with MQG, RIO, BHP, FMG and FXJ so far

I wouldn't call these safe stocks exactly. FMG and RIO have debt issues and MQG and FXJ are getting hit with the down turn. A safe stock to me is WOW or AGK. However it is likely that these stocks will not visit their lows again if more bad news doesn't come out of the US.

you want to do some serious reading on stats and money management....or you'll blow up within 2 years. am sure others here can recommend 6 books...

Alot of investors have made money blindly investing, but yes if people used stops then there portfolios woudn't be 40-50% down. Depends on risk profile. People can wait it out, that's if the stock can rise again. I doubt MQG will hit $100 again or whatever it got to.

Mr J · 26 April 2009

MRC & Co said:
Don't worry about 'what is regarded as a good return' as per your initial question and post in the thread.

A good return is one you are satisfied with.

none of the replies have actually answered the question asked in this thread... what are ppls current returns for this year??

Last 7 trading days I've grown a paper trading account by 73%, does that count?

tech/a · 26 April 2009

Trading account since March + 64%
Increase in Nett worth from trading account Around .5%

See my point here.

jono1887 · 26 April 2009

tech/a said:
Trading account since March + 64%
Increase in Nett worth from trading account Around .5%

See my point here.

Nope, what is your point??

For you to make a 64% increase in trading but only 0.5% increase in nett worth, it must mean you only trade approx 0.95% of your net worth....

Mr J · 26 April 2009

His other assets may have offset his trading gains, as well as his trading account only being a portion of his trading capital.

MRC & Co · 26 April 2009

tech/a said:
Trading account since March + 64%
Increase in Nett worth from trading account Around .5%

See my point here.

Not much trust in your trading (hence the tiny amount of overall capital weight directed towards it) or other investments (your company) generating higher returns (which would be something)...........

jono1887 · 26 April 2009

MRC & Co said:
Just look at TH, his done 1k to 50k in a wk!

Best % return I've ever done along a similar line, is 1k to 20k in a month.

So yes 1000% per annum, it is very achievable, but on smaller accounts.

just out of curiosity, what stocks were they??

Largesse · 26 April 2009

jono1887 said:
just out of curiosity, what stocks were they??

they trade futures not stocks (that i'm aware of)

tech/a · 26 April 2009

MRC & Co said:
Not much trust in your trading (hence the tiny amount of overall capital weight directed towards it) or other investments (your company) generating higher returns (which would be something)...........

Some would not consider it tiny but a man of your means probably would.
Company and Property certainly return way more than any trading and equate to far more in terms of nett wealth.

Another you may consider is Need.
I dont need an income from Trading---nor do I want one. If I can pull $100K or so a year from Trading then I'm happy. I dont need/or want to generate an income from it or put as much capital into trading as Business or Property.
Market conditions may well vary my decision from time to time.

For you to make a 64% increase in trading but only 0.5% increase in nett worth, it must mean you only trade approx 0.95% of your net worth....

Close its around 3% currently but varies from time to time.

jono1887 said:
just out of curiosity, what stocks were they??

Scalping the Hang Seng if I remember rightly.

jono1887 · 26 April 2009

tech/a said:
Close its around 3% currently but varies from time to time.

Well my trading account consists of approx 75% of my net worth i think... so any gains i make are quite relatively considerable for me....

Sean K · 26 April 2009

Um, is this thread about current returns for 08/09?

For me, I'm still well down and need to make about $100K in the next 2 months to earn nothing.

Wish me luck!

tech/a · 26 April 2009

Good luck Kennas.

Just think Tax deduction!
Or dont they have those over there?

Sean K · 26 April 2009

tech/a said:
Good luck Kennas.

Just think Tax deduction!
Or dont they have those over there?

My only income is through investing/trading.

(Plus the drug running though Mexico which I won't declare, of course)

Tax deductions from Lima?

My laptop, internet connections, etc, and maybe the donkeys for supply across the Danien Gap.

jono1887 · 26 April 2009

kennas said:
My only income is through investing/trading.

(Plus the drug running though Mexico which I won't declare, of course)

Tax deductions from Lima?

My laptop, internet connections, etc, and maybe the donkeys for supply across the Danien Gap.

you can roll it over and deduct from next years profits cant you?

MRC & Co · 26 April 2009

tech/a said:
Some would not consider it tiny.

Sorry, wasn't meant to sound like it's tiny, only stating it's small relative to your net wealth.

Yeh, futures.

Current returns for 2008/09 financial year?

MRC & Co

jono1887

MRC & Co

jono1887

beamstas

Nero64

Mr J

tech/a

No Ordinary Duck

jono1887

Mr J

MRC & Co

jono1887

Largesse

tech/a

No Ordinary Duck

jono1887

Sean K

Moderator

tech/a

No Ordinary Duck

Sean K

Moderator

jono1887

MRC & Co

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