Paphitis wrote:miltiades wrote:Did you make any money.?
I did stupid!! Now fuck off you little peasant .
You did very well so well done again.
Your 8% profit is excellent in such a short period of time. Your investments don’t need to hit 12 euros for you to be happy with your return.
Your return is just perfect. It was a good trade.
Well it depends.
As I have said earlier, you cant keep taking an 8% ROI (or return on money at risk) per trade and expect to be profitable over the long term if your success rate is less than 92%. It will take one loss of 100% of what you are prepared to lose on a single trade to seriously hurt your portfolio / investment.
A system or trading plan like this will have a negative expectancy over the long term.
The price can go either up or down. You have a 50:50 chance of calling it right, and in nearly all cases, the market gives you an opportunity to close in a profit at some point. Not taking trading costs in to account and depending on how far the price moves in either direction and when you buy or sell, makes all the difference to your results..
The key to success is how you manage your money.