[OpenFX] Investment Returns

 

Traders,

I read an article online which stated a trader should have a business plan with goals and objectives so that the operation is treaded like a business. One of the goals suggested is having a certain profit target for each of your trading sessions.

Would anyone care to share what they believe to be realistic and/or actual goals (in terms of percentage of account value) they have achieved or have set for themselves?

I spoke to an options trader and he said it was his objective to earn 10% of his account value per month.

Also, I've read that a trader should risk no more than 2-3% of his account value on a single trade. Other resources state no more than 1/2%. Would anyone care to share their insight?

Thanks.

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