Comment on Opentrade - learn following star traders

H.C. commented on 15 Jan 2016, 04:32 PM

Hi rajesh,
U can go through the link to see how a consistent return about only 20% per month an add up to big return in 12 months. Put annual interest rate 20%, number of year 12.
The key to success in the long run is consistency, to keep draw down (max % of loss from top) smaller. We don’t need to take big risk in a single trade. A consistent trader can easily protect profit and the capital if they don’t take big risk in a single trade. Someone can earn 200%-400% in 2-3 month then loose it all later. This happened to most of traders. But a good trader has risk control in place, there is 22 trading days in a month out of which 5-6 trending days. My personal opinion is a consistent day trader can have loosing day, loosing week but it is rare to loose a whole month.They try to minimize the draw down first by taking minimum risk, then capital automatically increases slowly by compounding. So look for consistency first(min draw down). Best Wishes..

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