I wonder if any active derivatives traders are willing to share their average rate of return to give me something to aim for. I know those with an investment mindset are happy to just out perform the index. I am more interested in actively trading for cash flow as opposed to investing for long term growth.
For me out performing the index is not enough to live on. I see examples of traders that have turned $10k into $110k in 12 months. Daryl Guppy's newletter sample portfolio averages around 90%pa.
I currently trade CFD's long and short on asx top 200, commodities, spi, aud/usd on a daily time frame, not intra day. If all of my stops were hit today my return on capital would be 18% since Jan. If I took my open profits today it would be 40%. Trade durations are 10 to 20 days, win loss ratio is 58% wins. But it's early days yet.
What are those that trade for a living consistently making? I need a realistic target.