Topic: Logging/calculating Trade Time versus Profits (Read 55 times)
Examples, plz..... let us see the Numbers!!!
You should also consider the situation. In this case there are many people who cannot make money, but are good traders. If there are not enough indicators to analyze, it does not determine whether you are good or bad. Also making money with arbitrage or scalping is possible, but I do not think that they counted as trade.
First of all, in order for your formula to work, one should be able to trade profitably. Which, in my opinion, is a very strong assumption. Because, the fact remains that most retail traders don't make any profit at all.
Provided that the trader has developed a proven system which is profitable, they may maximize their hourly rate by simply trading the daily time frame. If you trade the daily time frame, the things move at a very slow pace and you can avoid being glued to the computer screen all day long. So, you can spend no more than 15-20 minutes each day, make profit, and be very well payed for the work you put in.
Provided that the trader has developed a proven system which is profitable, they may maximize their hourly rate by simply trading the daily time frame. If you trade the daily time frame, the things move at a very slow pace and you can avoid being glued to the computer screen all day long. So, you can spend no more than 15-20 minutes each day, make profit, and be very well payed for the work you put in.
hours spent behind the keyboard / total profits = hourly rate of being a trader
You're not factoring in risk?I.e. your profit should be weighed against potential losses that might occur in the future.
Which in turn would reduce your hourly rate.
Show me the numbers. Formulas, plz
hours spent behind the keyboard / total profits = hourly rate of being a trader
You're not factoring in risk?I.e. your profit should be weighed against potential losses that might occur in the future.
Which in turn would reduce your hourly rate.
I'm big on calculating the details and seeing clearly what is in each trade day. it helps reaching for better each time.
how do you like this formula :
hours spent behind the keyboard / total profits = hourly rate of being a trader
how DO you log your hours?? DO you just trade and not log what you are doing???
how do you like this formula :
hours spent behind the keyboard / total profits = hourly rate of being a trader
how DO you log your hours?? DO you just trade and not log what you are doing???
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