Percentage return daily

Hello

Just a quick questions whats a feasible return percentage an expert trader can make daily, i know this varies etc etc i just want a rough figure of whats feasible on average an expert could make a day.

Thanks

It all depends on what the market's doing that day. Some days it isn't going to give you anything. Other days, you will bank big pips.

depends on your system's risk tolerance, how much can you risk per trade while keeping your drawdowns managable?

You don't care about what a good trader can lose in one day?

This is probably much more important than how many percentage points a good or expert trader can win in one day....

If you don't bet, you can't win & if you lose all your chips, you can't bet....


Thanks,

Nader

omosidori,interesting.
besides the target profit..u need to pay attention on your capital.to win the market you have to enter the market.to enter the market u must have the capital..dont let it run dry.hmm besides not every day trader do the trade.a good hunter always patient and know their prey.wait in the dark for cutting the throat. well..it's too much i guess heheheh

Hi,

It's an old truism that you can only take what the market
is prepared to give - SO why stress yourself by setting
a daily %age gain target. By setting a totally unrealistic
target, you are only inviting an exponential increase
in the amont of emotions which influence your trading
decisions, consequently the POTENTIAL for a f**k up
becomes a DEFINITE F**K UP.
As was stated previously, some days it's easy to win pips, other days it's best to stay out of the market.
Cheers!.

By the way, to be honest, the quote mentioned earlier by me is not my quote...I read it in one of the interviews of Market Wizards, but I can't remember who was the author...Thought that I should just mention this fact so that no one thinks it's mine...


Thanks,

Nader

Hi Tom,

I've been trading for around 8-10 years, I trade everyday and average around 80 - 100 pips per day. I always take out Fridays trades as a weekly wage and compound the rest back into my trades, also take out 10% and put it aside in an old style of investing known as the bank. Hope this helps.
Cheers Go Getter

Hi to those who sent messages of disbelief, this is how I trade everytime I look at entering the market.
Below you will find a trade I did earlier in the week, if you look at the chart you will notice a formation that lead me to look for a long trade.
Now I have only showed you the 15-minute chart and have not showed you the lower level charts and their indicators that I use.
The indicators that you will notice on the 15-minute chart have all been played with to suit my style of trading. The only one that has not been altered is MacD this is standard.
For those who only believe that they can only make 5 or 10 pips per day, guess what thats all you are ever going to make, you need to lift your level of belief.
As you look at the chart you may have guessed I trade intra day and at the opens of the London and the New York markets. My strike rate is around 97% accurate.
Sorry if I sounded alittle annoyed but I teach this stuff for a living and it bugs me when people limit their God given talents.
One of my students put me onto this site in Dec 06 and I have gone through alot of Threads and I do like what I have seen in the way people are appraoching their trades and I wish them all the best in their future trades. All the best Cheers Go Getter
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Not everyday is a trend that will give 80-100 pips. What then?

Mate I think you really have to look at it on quartly and yearly scale...

turbo

Suntrader you are correct in saying that not everyday gives you an 80-100 point trending trade, but as I said I trade intra day that means I use lower level charts to enter trades and once infront by 20 pips do I revert to the 15-minute chart to use the trend of that chart, until then I use the lower levels to enter and exit. Some of which may only produce a profit of 5-10 pips, but I keep doing them until I get bored with it or make my target.

The most trades I 've done in a single day is around 12 and yes there have been days when I have only made 20 or so pips and there have been days where I have made alot more than 100 pips, it all comes from the realm of possibility that your belief system is in.

I dont know what your edge (system) is but if you are unhappy with the results, I invite you to throw alot of different indicators at it and even tweak them alittle to see if they improve or not improve your current edge. Remember dont always read an indicator the way it was designed to be read. Some of my indicators I read differently depending on the time frame that I'm in. One of the most important pieces of advice I got was to look at something not just from inside the box but from every angle that you can think of outside the box as well.
Thats how I approached my edge and I tear my edge apart and rebiuld it to see if I can improve it or not every 2-3 months.

Hope this helps Go Getter

"throw alot of different indicators at it"

All indicators are price derivatives except volume, which in forex does not exists besides tick volume. I look at very few indicators but one can use a moving average, a momentum indicator and a trend indicator. And that should be sufficient. I am a long time TradeStation user and have done my fair share of looking all kinds of indicators and 99% say the same thing, just with different colors and different squiggles. Been there done that.