Kellanova stock forum
BTCUSDT Happy New Year everyone! December's stats for my account, and I hope some new traders can benefit from seeing it. 31% account net gain. 49% gross gain with 18% loss. I'd encourage other experienced traders to share their performance in the comments if they want(don't make it a pp measuring contest), just so new traders can get an idea of realistic expectancy.
If someone is shooting for 100%+ in a month(Some months like this past November do perform that well but it is not very often), one day it is going to come crashing down as 90-100% loss(Many have lived this reality before becoming profitable). A 31% account gain in one month is amazing. If that doesn't sound amazing to someone, their account is simply too small for their expected gains.
90% of traders lose because 90% of traders start under-capitalized and expect to make the profits of a 100k+ account on a 5k or less account. Someone with a 100k+ account can afford to lose
1K 5 times in a row, and it doesn't matter for their equity curve long-term at all. What happens when you lose 1K 5 times in a row on a 5k account? You have lost 100% and can no longer trade. Losing as a trader is largely due to unrealistic expectations. I caught the down moves from 99k to 91k, 101k to 92k, 96k to 91.5k as major trades of the month with a few scalp longs that didn't matter too much, and a short opened that will now be closed win or lose in Jan. Could I have gambled and made 1000% across those 3 trades? No because being over-leveraged and over-sized actually would have seen me liquidated and losing 90-100% instead of having account growth on the month.
TLDR; You want consistent, sustainable gains to be profitable over the long-term. If you get rich quick, you're going to go broke(to 0) even faster. If you don't think it will happen to you, ask the over-leveraged traders with stop losses that got ignored(why a flash crash happens), and they got liquidated for 100% losses on December 5.
XAUUSD BTC at 100K, now that's insane!! I remember back in 2011 when I kept seeing "bitcoin miner" on Pirate Bay and thinking, oh that must be a virus or something and then getting into crypto in 2017 when it was still 1K before it got to 20K. Life is funny kids, you never know you missed an opportunity until it passed you...parentheses closed...back to gambling lol
