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Not that I have been doing this very long but I
would say that anything better than the average
market performance is good. As far as my personal
performance I made 17% return last year (my first
year) with most of the trading done in the last 3
months. I think that a persons year over year
return can be very high. But performance can
fluctuate for many reasons. (For example, maybe
next month you are in a automobile accident and
the other driver wants to sue you. Might be a
little distracting.)
I would not be concerned about how high your
returns are but concentrate more on sticking to
your strategy. Once you have traded online for a
year or so then set some concrete goals as far as
returns. Hopefully always striving to improve
yourself year over year.
As for me personally I was up about 8% on my
portfolio after the first month of 1998. However I
ran into some problems and I am now at about 7%
for the year of 1998. Not that I had any real big
losers but i suffered some draw down that took a
while to come back in my direction. I am slowly
getting back on track and still hope to do at
least 50% for the year.
As far as your performance you are doing very well
my friend. I think the biggest key to high
returns. Is always seeing opportunities for making
money in the market, above and beyond the ones you
take.
Keep up the good work.
Harley
Rajesh wrote:
>
> Hello folks,
>
> I am new to online trading. (Before that I used a broker who would RIP
> me and I found that beacause of the entry -exit barrier I tended to
> freeze and lost money).
>
> What percentage of return do you guys get in a month.
>
> Is a target of 30% return good or bad.(I have set that target for
> myself)
>
> Currently I have been trading for 25 days with a 40% return. Can I
> consider it good or lousy.
>
> Best regards,
>
> Rajesh
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