1. Keep in mind these are average numbers. For example, when it says a 2% or 4% monthly return, it means some months might be +4%, others +1%, and some could be -2%. You get the idea.
2. These results are based on taking 0.5% to 0.75% risk per trade. This is the risk level I use for most of my accounts, especially funded ones. On other accounts (challenges I go up to 1%).
3. 2024 has been my worst trading year so far, mainly due to factors like the war in Ukraine, conflicts in the Middle East, and elections in Europe and the US. The market has been tough.
4. Donβt focus on the dollar amounts, focus on the percentages. Think about how much you want to make monthly, quarterly, or annually, and then work out how much capital you need to reach that goal. For example, if you want to earn an average of $2,000 per month with 0.5%-1% risk per trade and you make 2-4% on average monthly, you might need 100k capital. If your target is $10,000 a month, you might need $500,000 in funds. You don't increase your risk or over-trade, You increase the capital! You get my point.
5. Lastly, never calculate your trading income on a monthly basis. This isnβt a 9-to-5 job. Itβs better to assess your performance quarterly or annually. Some months you might earn 4% or even 10%, while others could be -2% or -5%.