"dubium sapentiae initium" -- 2.5% daily return

Hi All,

I decided to open the journal to focus and training with more consistency in every daily trade.
I have a lot to learn so any suggestion - criticism will be welcome but be respectful.

objective : 2.5% daily return

Method : price action (fibo tool) and pivot point. Will do my best to keep the drawdown low ( the account will be high leverage with tiny amount of money).

Deposit made: 600$
95% of the time trading from mobile device and i will not be able to make live call ( i'm not to good either ).

first goal balance in 10 days: 640 $

Hi Paolob,

My first reaction is that while your account may last more then 10 days, this journal won't last much beyond that because your objective isn't an achievable long-term goal. Or are you aiming for 2.5% per day just for 10 days?

What would a successful annual return look like for you?

X.

Thanks for the answer,
i think, if i can have a constant gain every day(of course i will no be able to gain every day, i will lose as well) in 10 days i set up my equity goal to achieve.
after this 10 days i will look for 20 days, i think i need to focus first in the short term.
Achive the goal biweekly and start from there.
i want and need discipline in the money management/RR, and set up a goal i think will help me to dont over trade and cut the loses and let run the winnner

First update after 10 days of trading:

i will keep the same lots size per trade, i need something to calculate when i have to increase the lot size while equity in growing

updated after 20 days:

the statistics are messed up from the broker refund (352.2 $) due the lack of liquidity happened during last weekend. the drawdown is high but not true due the deposit fake.

i was in track until Wednesday, instead profit and enjoy the positive month i reacted emotionally on the gain loss and decide to run after with mistakes.

i'm still in positive but behind.

Allot to thinking for the next week, i need to learn more and not over react emotionally.