On year 1 you were accumulating knowledge & playing around.
On year 2 you were building a strategy and tweaking it and making it work.
Then on year n=3 you spend the first months applying your strat correctly, making sure it keeps working. You are still looking for what works best what works less well, but there are no more major tweaks, it does not change much from here.
And after a few month you can start scaling up.
So after 5 years you get to the point where you can make decent money, enough to live off and put some in your account to still grow it, and you have enough history to know you are rather consistent.
You can continue like this, or I think it would also be possible to find a job doing this with those 3 years, provided there is no big drawdowns say the biggest is below 10%, and the variance is not absurd.
I see some people, it seems even 5 years is too long for them. They would rather work as a slave for 40 years making no progress never having even a chance as getting rich, and then maybe retire after 40 years of 9-5. Probably not because the government is broke. But 5 years is way too much, got to day trade and get poor quick.
To get 5R is not impossible, and it is not even needed to try hard to catch every move. A handful of good high probability trades in a month is all it takes.
If I were making on average 7R per month I would be aiming for 5, better to have an average target that is a little under what is achievable, than too high and try forcing bad setups.
With the 4 hour or above chart, there is time to look at a good dozen different assets (a couple of currencies + a couple of commodities) and not just "look" but follow what is going on.
This means being able to pick the very best from each. And costs are cheaper than lower timeframes, and it is easier to let them run, and it is not necessary to be as precise.
So starting with only 2000 currencies (200,000 Y) it is achievable to make decent returns of about 2000 $/£ a month after 5 years. Without risking more than 2% ever.
Starting with 10k, those can be reached much faster so it is a good idea to start life by getting a job and saving up a little. And not blowing up all lifesavings on trying to get rich quick.
High reward compared to risk is really ez pz I think, because you just lose all the time, so you get so used to it, you'll always think "oh well here goes another loss".
Wins are happy surprises, and you do not need many happy mistakes to make your month/year. Even if it starts going green "just another loser doing some noise first".
Once it goes green ALOT, more than say maybe halfway target then you start thinking "oh hey it might be one of those rare winners", and until then you were not worried of it being one of those rare occasions you actually win.
Of course if you are this fool that will get all excited the second it goes his way and snatch away his tiny profit then you cannot even cross one of the easiest obstacles and the machine gun just mowed you down, you are dead lay down.
10R is pretty high, and to expect a smooth consistent growth is not realistic at all. So to get to that target of making decent returns, one has to be able to go through the drawdowns, the more boring periods too. Provided the drawdowns are just bad luck streaks, then in a couple of years zooming out they'll look like nothing.
This is yet another obstacle where plenty will get stopped.
But one day you'll be able to look back and say "I made it". You'll sort of look dumb because you'll still be in the middle of the obstacle course (it never ends), but you'll be a happy idiot 😊.
On year 2 you were building a strategy and tweaking it and making it work.
Then on year n=3 you spend the first months applying your strat correctly, making sure it keeps working. You are still looking for what works best what works less well, but there are no more major tweaks, it does not change much from here.
And after a few month you can start scaling up.
So after 5 years you get to the point where you can make decent money, enough to live off and put some in your account to still grow it, and you have enough history to know you are rather consistent.
You can continue like this, or I think it would also be possible to find a job doing this with those 3 years, provided there is no big drawdowns say the biggest is below 10%, and the variance is not absurd.
I see some people, it seems even 5 years is too long for them. They would rather work as a slave for 40 years making no progress never having even a chance as getting rich, and then maybe retire after 40 years of 9-5. Probably not because the government is broke. But 5 years is way too much, got to day trade and get poor quick.
To get 5R is not impossible, and it is not even needed to try hard to catch every move. A handful of good high probability trades in a month is all it takes.
If I were making on average 7R per month I would be aiming for 5, better to have an average target that is a little under what is achievable, than too high and try forcing bad setups.
With the 4 hour or above chart, there is time to look at a good dozen different assets (a couple of currencies + a couple of commodities) and not just "look" but follow what is going on.
This means being able to pick the very best from each. And costs are cheaper than lower timeframes, and it is easier to let them run, and it is not necessary to be as precise.
So starting with only 2000 currencies (200,000 Y) it is achievable to make decent returns of about 2000 $/£ a month after 5 years. Without risking more than 2% ever.
Starting with 10k, those can be reached much faster so it is a good idea to start life by getting a job and saving up a little. And not blowing up all lifesavings on trying to get rich quick.
High reward compared to risk is really ez pz I think, because you just lose all the time, so you get so used to it, you'll always think "oh well here goes another loss".
Wins are happy surprises, and you do not need many happy mistakes to make your month/year. Even if it starts going green "just another loser doing some noise first".
Once it goes green ALOT, more than say maybe halfway target then you start thinking "oh hey it might be one of those rare winners", and until then you were not worried of it being one of those rare occasions you actually win.
Of course if you are this fool that will get all excited the second it goes his way and snatch away his tiny profit then you cannot even cross one of the easiest obstacles and the machine gun just mowed you down, you are dead lay down.
10R is pretty high, and to expect a smooth consistent growth is not realistic at all. So to get to that target of making decent returns, one has to be able to go through the drawdowns, the more boring periods too. Provided the drawdowns are just bad luck streaks, then in a couple of years zooming out they'll look like nothing.
This is yet another obstacle where plenty will get stopped.
But one day you'll be able to look back and say "I made it". You'll sort of look dumb because you'll still be in the middle of the obstacle course (it never ends), but you'll be a happy idiot 😊.