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4 Comments

  1. Paul Oak-Reply
    June 5, 2018 at 10:26 pm

    Hi Charlie,

    first thanks for your videos, they really help.
    I wanted to ask you if this trades are taken on the 50k to 500k challenge? If so, isn’t it to low risk? I mean, with 1:2 risk-reward, 125 pounds risk, is around 0.25% of the account?

    Kind Regards

    Paul

    • Charlie Burton-Reply
      June 6, 2018 at 5:16 am

      hi paul yes it is but as I said on the video it was only a smaller position due to it being nfp morning but a lot of the day trades on that account are low risk anyway…

  2. Paul Oak-Reply
    June 6, 2018 at 9:13 am

    Hi Charlie,

    yes sorry, I meant “low” considering the challengue. But anyway, doing the math, it is around 120% return per year what you have to do to achieve your goal, isn’t it? That’s huge! But you can do it for sure.

    I wanted to ask you 2 questions. First, is that, based on your annual return, what portion of it belongs to daytrading? I mean, if you reach a 100% return on the year, is it 50/50? Or more from swingtrading? More from daytrading?

    I’ve been swingtrading for a couple of years, trading for almost 5 years, but I still have a lot to learn. Lately I’ve been considering starting daytrading, so I’m considering joining your trading room also.

    The thing is that although I’ve been trading all this years, with my swingtrading generating around 20% a year ( I know that I have to improve still, but I risk around 0.5% per trade, and take 3-4 trades a week), I’ve been still in disbelieve related to what can be achieved with trading.
    And I don’t talk about annual returns, I talk about daytrading and trading for a living. Is it really that posible? I mean, if I join your trading room, what kind of expectations should I have? To daytrade and make 1% a month, or 5%, or 10%? I don’t know what to believe because of the contradictions that one can find on the internet.
    Making an example, if I started with a 100k account, what should I expect in terms of returns if I want just swingtrade that account? Or what if I want to trade for a living and become financial independent. Could I do it just swingtrading? Or would it be better to daytrade as well. And kind of returns should I ‘try to achieve’ so to speak daytrading/swingtrading.

    Thank you very much for your response Charlie and sorry for the long message, But know I’m starting to think that ‘yes’, it’s possible to trade for a living, so now I”m in the phase of, ‘Where is my goal?’

    I hope that makes sense…

    King Regards

    Paul Oak

    • Charlie Burton-Reply
      June 6, 2018 at 4:16 pm

      That’s a lot of questions. My answer as always on these types of questions is it depends! It depends on amount risked per trade, how many trades taken per week etc, the RR of the trades. Simply so many variables. But I generally say that a trader has the ability as an individual to make 50% plus per year. It really doesn’t matter if it is day or swing trading, they can both get you there….

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