Friday, January 24, 2020

Info!! What Are Reasonable Functioning Expectations For Traders?

How create I know if I'm doing well--or poorly--as a trader? That is the theme of an insightful interrogation from a reader:
The interrogation that no i has answered to my satisfaction goes to the
heart of managing my expectations. It is real difficult to know how well
you're doing, or what you're doing wrong, when you lot don't convey a
standard past times which to guess your performance. For instance, a trader
once told me that a skilful twenty-four threescore minutes catamenia trader should brand coin every week,
not every day, but every week. Somehow I uncertainty that such degree of
consistency tin last reached. But this has caused massive confusion
on my part. Without knowing what elite traders acquire through, it's hard
to guess whether I am doing something wrong, or whether I merely
lack patience to stick out through inevitable drawdowns.

So my interrogation is...where tin I uncovering data of elite twenty-four threescore minutes catamenia traders,
in damage of their performance? Mentors are notorious for not
opening their books, thus the entirely people I verbalize to are aspiring traders
such equally myself. The reply to this interrogation volition at to the lowest degree give me a
standard past times which to guess my performance. For event if I know
that it's normal for a peak daytrader to convey a losing run of 'say'
two-three weeks, thus I won't 'panic' equally much if I've lost money
three forthwith days.

I address issues of performance--and reasonable expectations for a trader's learning curve--in the my postal service on trading metrics (and its links) together with this i (and its links) on keeping marker inwards your trading.
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