What is a reasonable ROI expectation?

[Winemaker]

The MoneyTec survey on 2002 trading successes made me think.

I have seen various stats on trading success rates which claim that only 20% of traders actually make money that the other 80% eventually turn to something else. I can well believe that given my 6 months trading experiences.

I would like to hear the views of the many experienced traders on the forum .... What is a reasonable expectation for return on investment assuming a few basics such as:

Dilligence in self education.
Developing the required discipline.
One year full time experience
$10000 starting equity.

What should one expect after one year?
What would be reasonable?
What would be outsting?

[mig928]

I started trading forex in 2000. I've loss $30000 since then. Beginning October of last year everything I've learned seem to click together I have not had a losing month since then.

I'm not even sure whether this is going to hold or for how long. It's like sports you go on a slump continue to play but only to lose.

My average monthly return is just over 5%.
My average weekly return is 1.46%
My weekly range is between -1.6% to +13.3%

I would consider 50% a year to be outsting. If I tried for more I just lose it because fear greed comes into play more often.

If you look at my profile you can see my monthly results for the past 6 months. I started to rebuild my account now hope to go fulltime soon. Depositing any amount I can get my hs on. My wife is finally looking at making a deposit too. Her support is now making things a little easier. Before she thought I was a fool.

[Winemaker]

Thanks Mig928
This is like baring your soal! I guess we all are embarking on a scary journey. On the one h I want to believe there is a rainbow out there; on the other I fear I might be dreaming ....

But then without the dreams.....

[gregh285]

winemaker
Have traded stocks options futures before forex in Feb 02 profitable average over 4% per month since December 02. 50% per year would be excellent performance. Biggest drawdown 2% over a 2 day period. Lost for first eight months although it only monunted to a couple of $k because i was trying to learn using $10k lots.
Hope to be full-time by year end.

Like Mig i have tried for more but found myself overtrading getting worse results.
March has been tough market reacting to geo-political developments TA not adding up at times.

Overtrading I believe is one of the biggest determining factors between success failure. Dont think you have to be in the market all the time or when it is your day off. Patience is a virtue.

[mig928]

Greg what equity level are you targeting to go full time. I'm looking at $250000 based on my lifestyle(tax expenses wife & kids).

Other people's money could get me there faster. If I charge a performance fee of 20% I'll need to have $1000000 under management.

I'm also looking into a home equity line of credit. I'm doing some calculations based on my current earning rate cost to hold the loan. Ideal loan for my current performance expenses is about $500000.

The caveat is will my performance hold.

[gregh285]

mig
i'm looking to pay off any outsting debts before f/time including my home. This will relax the pressure on performance enable more fluent proficient trading.

After this anywhere between $50-$100k is easily sufficient.
Again can performance hold?

[patocato]

Please could you contact me to pcatoggio@yahoo.com. I need update of both signals providers you used to follow.

TIA

Patricio

[Alkamyst]

I've just started to get interested in Forex trading. I've read several posts traders that talk about "going full time" at some point in the future.

I currently have a full time job I am wondering what is the best way to get started eventually move full time.

Thanks.