When it comes to copying a signal I often like to see one making at least 10% per month with no losses on a month to month basis. From being a part of watching other signals both on and away from this site I have noticed that at any time your account could be blown overnight or over a week.
So when I go for a signal lets say I put in $10,000. My hope is within 1 year maximum that $10,000 or whatever value I put in will be doubled so I can withdraw my initial capital and have in my eyes "no risk" or no loss of money I have earned myself.
At any point in that year though all the money could disappear forever, I've seen it happen! That's why the moment you can withdraw your initial deposit I personally would do so. So when I look at a signal I think "How many months will it be before I can withdraw my initial deposit?" before anything else. The second thing I look at is the max historical drawdown.
The issue I find with a "safe" trader only making 1% per month is that they can still lose money. Thats why I feel safer with a risky trader as I want my real money out of the system as fast as possible because it seems that one day all signals eventually take a huge loss and I don't want my money in there when that happens.
My question to you guys is: Would you feel safer with a trader that makes 10% per month with a max drawdown of 30% or safer with a trader that makes 1% per month with a 5% max drawdown? Which trader would you choose to follow out of the two?
I would go with the 10% per month trader since I want my money out of there as fast as possible. I've seen a trader called A75 who made around 20% a month for 2 years straight then blew it over a one week period. A similar situation has happened with Day Fox on this site so it's definitly something that can happen.
So when I go for a signal lets say I put in $10,000. My hope is within 1 year maximum that $10,000 or whatever value I put in will be doubled so I can withdraw my initial capital and have in my eyes "no risk" or no loss of money I have earned myself.
At any point in that year though all the money could disappear forever, I've seen it happen! That's why the moment you can withdraw your initial deposit I personally would do so. So when I look at a signal I think "How many months will it be before I can withdraw my initial deposit?" before anything else. The second thing I look at is the max historical drawdown.
The issue I find with a "safe" trader only making 1% per month is that they can still lose money. Thats why I feel safer with a risky trader as I want my real money out of the system as fast as possible because it seems that one day all signals eventually take a huge loss and I don't want my money in there when that happens.
My question to you guys is: Would you feel safer with a trader that makes 10% per month with a max drawdown of 30% or safer with a trader that makes 1% per month with a 5% max drawdown? Which trader would you choose to follow out of the two?
I would go with the 10% per month trader since I want my money out of there as fast as possible. I've seen a trader called A75 who made around 20% a month for 2 years straight then blew it over a one week period. A similar situation has happened with Day Fox on this site so it's definitly something that can happen.
Comment