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1% to 3% Per Day? All things are Possible

  • #341
  • Apr 13, 2018 11:10am Apr 13, 2018 11:10am
It's all relative. Doubling a decent sized account in a year isn't easy. This game takes so many traders because non of them are able to grasp reality, only what they believe is possible because they want it to be so bad.

That half of the people think 4%+ is possible consistently over time is just a measure of how deluded people here are.
  • #342
  • Apr 14, 2018 7:15am Apr 14, 2018 7:15am
If you wanna make it in this industry you have to do what it takes and treat as you would any other business. One has to set their rules, guidelines, targets etc.

  1. What is your mission and dont just have it written as a statement but do it.
  2. What are your objectives and of course you got to establish how they are going to be a accomplished. Step by step.
  3. Establish the type of risk you can handle and sleep well at nights.
  4. Do constant reviews on a daily basis, weekly, monthly, however often you can so you can track your performance. This allows for early corrective measures and knowing early whether or not you are making progress or not.
  5. Have an accountability partner to keep you focus on the goal or task at hand.
  6. Take this one step at a time there is no need to rush, if you are rushing you are desperate, desperate people make decisions they regret.
  7. Remember you are in no competition with anyone, if so these rules & guidelines will not apply.
  8. The efforts you put in will make a difference if not a normal 9 to 5 usually does the trick, if you do not have that option, then these things will make sense.
  9. Education, education, education, try and learn something new everyday, everyweek, otherwise you are just wasting time.
  10. The profits/ reward will find you, once you do what is required, try harder and be smarter.

Be safe and trade well.

R:R "Percentage Focus"
  • #343
  • Apr 14, 2018 7:38am Apr 14, 2018 7:38am
The success starts when one limits the risk, take control of it. When one can take the limits off of the reward but keeping it in check, monitoring it as things develop that is when the story becomes interesting.


Do whatever it takes, i cannot give a magic arrow but i can tell you that profitabilty is possible once you understand the risk versus the reward in a mathematical and practical way that is doable according to your trading style, making adjustments where necessary. Create that edge and do not stop until you have it under control.

For eg. 10 trades: It makes no sense you have a high win rate and 1 loser takes out all that you worked so hard for. While another trader with a low winrate does better as 1 winner wipes out 3 or four losses all at once.
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R:R "Percentage Focus"
  • #344
  • Apr 14, 2018 7:46am Apr 14, 2018 7:46am
Only as an example which speaks to reward and risk on chart.
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R:R "Percentage Focus"
  • #345
  • Apr 15, 2018 12:02pm Apr 15, 2018 12:02pm
lol, if anyone can consistently clear 4%/week, he is a god. World's richest man within 10 years.
  • #346
  • Apr 20, 2018 4:03pm Apr 20, 2018 4:03pm
Quoting PrinceJ58
Depending on your account size, it would be best to calculate what 1%,2%,3%,4% is translated into by the minimum tradable lot size and how much you are able to risk on each individual trade taken.
//-----

hey prince..... what might be better is to calculate far less, say 0.3%..... yeah, sounds like pennies..... heck it is pennies..... but extrapolate 0.3% on a 100$ account making 1 single trade a day for 10 years..... runs out over 5 million.....

if 10 years is to long to become a multi millionaire, well then make 2 trades a day..... or 3..... or start with 200$ or 3......

and if that's still to long, simply deposit a single additional dollar a day to the account.... do that math and it might surprise some of the effect.....

no one needs to be a millionaire next week.... and besides, it ain't all it's cracked up to be anyway.......h
to trade and code, keep both simple... no call to impress....h
  • #347
  • Edited 11:30pm Apr 20, 2018 11:11pm | Edited 11:30pm
Quoting PrinceJ58
Only as an example which speaks to reward and risk on chart. {image} {image} {image}
your in the right direction, what if you press that concept further?

your r&r can hit 3 or better with respect to the initial risk outlay.

so instead of using 1% to attempt 3% what if you used 0.5% to attempt 2%?

so now your r&r is changed from 1:3 to 1:8 and your actual risk level is now halved, but in actual trading it would be abit lesser, since we have to account for detection slippage, so it may be abit less like 1:4 or so.

the rest will be all about know when to not add or add and when to take profits.

this is the underlying basis of the pyramiding of a position.

what you have there is the basis for timing into a volatility range, so that is 1 edge you have, the timing of price action, which can be pressed on for more advantage.

so, the question will be when to add and not.

in a range bound choppy environment you do not want to add, but in trend mode, you should add to maximize advantage.

so in the example, we may add if it holds support, but if it does not even hold, we may take it out once it breaks back below support.
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  • #348
  • Apr 23, 2018 8:04am Apr 23, 2018 8:04am
I will post an example of a few charts with on going trades.
One is silver, usdjpy and gold. Those are a few examples. 1:1, 1:2, 1:3 and in some cases all the way to 1:5 gets surpassed at times.
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R:R "Percentage Focus"
  • #349
  • Apr 23, 2018 8:15am Apr 23, 2018 8:15am
The only issue i have is that many persons don't take research and development very seriously, sitting around just hoping that someone will just give them a magic wand not knowing how many hours, how many sleepless nights, invested money and disappointments etc etc. Nothing comes easy and learning really comes from all the mistakes, the losses.

The worst lesson you can get is from suffering the concequencies of not following ones established rules.
Everyones idea of trading these markets are different and what works for me may not work for someones else.
R:R "Percentage Focus"
  • #350
  • Apr 23, 2018 8:34am Apr 23, 2018 8:34am
The reason i prefer Solo R&D is for the reason that there is always someone with some negativity that bursts the bubble of creativity and i cannot allow that to happen.

Those that have the required skills and knowledge that could make the process easier are otherwise occupied with their personal goals and aspirations so it forces one to pay ones way through the research and development process. While asking questions from persons who have been up similar ladders, i thank those who have helped along the way, others who are sitting by and just waiting for some gold spoon, continue waiting.

I research everyday, i test every day. You see i am not concerned about those winning executions i am more concerned about the failing ones, those are what keep me researching to find a way to minimize those moments. Nevertheless sometimes too much filtering can kill what what had legs.

Persons who are very successful they put in what the average person cannot handle. Thats the inner drive and discipline that says go on when others would quit.
R:R "Percentage Focus"
  • #351
  • Apr 23, 2018 8:36am Apr 23, 2018 8:36am
Quoting JacolineFIS
How do I add my TE to my signature. I see other members doing it here. Please help if you can
Congratulations you finally added the T.E. to your signature.
R:R "Percentage Focus"
  • #352
  • Apr 23, 2018 8:53am Apr 23, 2018 8:53am
Quoting PrinceJ58
I will post an example of a few charts with on going trades. One is silver, usdjpy and gold. Those are a few examples. 1:1, 1:2, 1:3 and in some cases all the way to 1:5 gets surpassed at times. {image} {image} {image} {image} {image}
as long you have this mini mini money trades, all is fine and easy.

wait until you come to a small or medium area, where you dont use mini money or have sucess over one year and not some trades shown here and some there and between this hiding the losses or unsecessfull times. showing some trades (even for some days), more easy so extrem mini trades, is always easy, thatswhy near noone is doing this because its showing nothing.
  • #353
  • Edited 9:53am Apr 23, 2018 9:36am | Edited 9:53am
Quoting dukas_trader
{quote} as long you have this mini mini money trades, all is fine and easy. wait until you come to a small or medium area, where you dont use mini money or have sucess over one year and not some trades shown here and some there and between this hiding the losses or unsecessfull times. showing some trades (even for some days), more easy so extrem mini trades, is always easy, thatswhy near noone is doing this because its showing nothing.
Actually many are doing it, its just timing an entry based on price action. But of course many professional traders use this as part of their skillset. In the first place this is what fade trading is about, trying to time exhaustion move. So from what i can see, what the threadstarter is trying to show, is attempting to fade pullbacks in line with the major term trend. And using the timing to enhance the risk reward ratio. And actually if used as part of a scale in method, it can handle larger accounts with less slippage if the entries are pyramid in and also since its a trying to time entries into a current fade, rather than buying or selling into strong bars, it can probably handle larger accounts too.

Actually, i also dont know if the threadstarter is profitable or not, but his logic is sound and i am inclined to believe it has proper basis for an edge. If you go ahead and plot what the risk reward is like after pyramiding, you will see that it has a very strong mathematical basis for a strong risk reward ratio per shift in R as a unit of measure of volatility, or the initial risk outlay in terms of pips. Assuming of course that the risk is managed appropriately.

The main reason i believe it works is because at the start, learning how to fade entries lead me to the same conclusion that the thread starter has, this skill has a timing edge to which can be exploited, but can also be combined with other edges for greater effects.

But if course the crux then is the accuracy of the read in timing.
  • #354
  • Apr 23, 2018 11:14am Apr 23, 2018 11:14am
Quoting CookieMonsta
{quote} Actually many are doing it, its just timing an entry based on price action. But of course many professional traders use this as part of their skillset. In the first place this is what fade trading is about, trying to time exhaustion move. So from what i can see, what the threadstarter is trying to show, is attempting to fade pullbacks in line with the major term trend. And using the timing to enhance the risk reward ratio. And actually if used as part of a scale in method, it can handle larger accounts with less slippage if the entries are...
ah sorry, i dont speak about the type/style of trading, that can be good or bad, whatever.
i only spoke about the style of presenting, he presents in this bad kind, that he can be total big loser or a small winner, both possible.
but no winner needs to present this mini mini trades that show nothing,. thats always same, always same person do this and they have always losses on the end (what they hide ofcourse and only prsent the winning trades in pictures),it was never different. its a story repeating again and again. at least many stopped presenting in this way, because they learned, it only shows with many pictures and text complete nothing.
  • #355
  • Apr 23, 2018 11:59am Apr 23, 2018 11:59am
Quoting dukas_trader
{quote} as long you have this mini mini money trades, all is fine and easy. wait until you come to a small or medium area, where you dont use mini money or have sucess over one year and not some trades shown here and some there and between this hiding the losses or unsecessfull times. showing some trades (even for some days), more easy so extrem mini trades, is always easy, thatswhy near noone is doing this because its showing nothing.
Probably you missed something...this is not a trading system, i dont know why you would go down that road. The aim is towards percentage trading. I was aiming not to post a chart for this same reason, people missing the point. I like when advice is given. Why that tone hehe. Life isnt that hard or bad. Relax its only an example. Its funny when i share charts with my professional friends they share trade ideas and concepts. When i share here i get negetive critiquing and yet i still come and share more. Its too funny...
R:R "Percentage Focus"
  • #356
  • Apr 23, 2018 1:24pm Apr 23, 2018 1:24pm
Quoting PrinceJ58
{quote} Probably you missed something...this is not a trading system, i dont know why you would go down that road. The aim is towards percentage trading. I was aiming not to post a chart for this same reason, people missing the point. I like when advice is given. Why that tone hehe. Life isnt that hard or bad. Relax its only an example. Its funny when i share charts with my professional friends they share trade ideas and concepts. When i share here i get negetive critiquing and yet i still come and share more. Its too funny...
i only speak about you presenting style (so you point with trading system is useless). and i dont think you present this bullshit to any professional (they would not talk to you any more after the second you present this), or they cheated you they are professionals ;-) or you call other beginners as professionals.

a little bit more honest and reality would be really neccessary on your side. dreaming is bad in trading. so maybe thatswhy you look funny when you present here this style? rethink about this!
  • #357
  • Apr 23, 2018 1:51pm Apr 23, 2018 1:51pm
Quoting PrinceJ58
{quote} Its too funny...
//----

hey prince..... was just thinking the exact same thing..... and some more......

we might learn more from the starving peasant who scraped together 50$ to fund his micro account than that high standard lot roller with money to burn.....
//----

several years ago someone new bust on to the scene here with a 30k account at fxcm..... we both had live full public explorers and he had noticed mine..... he had truly exceptional results by maxin out his account tradin standard lots with a string of good trades...... he quickly ran his account up in size to near mine....

he pm'd me several times, once asking when i was going to 'ramp up' my small lot size..... he gave all sorts of math, that i already knew, explaining why..... finally told him my lot size suited both me and my accounts.....

he understandably didn't understand.....

his luck went to his head...... within a couple months he was selling signals..... shortly after banned into the commercials..... a few months later, he, his 30k and subscribers were long gone...... no surprise there......
//------

everyone does not have money to burn......

it's the small accounts which are properly traded that tend to impress me the most..... they have my utmost respect......h
to trade and code, keep both simple... no call to impress....h
  • #358
  • Edited 12:37am Apr 24, 2018 12:20am | Edited 12:37am
Quoting dukas_trader
{quote} ah sorry, i dont speak about the type/style of trading, that can be good or bad, whatever. i only spoke about the style of presenting, he presents in this bad kind, that he can be total big loser or a small winner, both possible. but no winner needs to present this mini mini trades that show nothing,. thats always same, always same person do this and they have always losses on the end (what they hide ofcourse and only prsent the winning trades in pictures),it was never different. its a story repeating again and again. at least many stopped...
So your primary assumption is the thread starter is here to sell something?

Because from the post I have seen, he is only presenting his findings, from his exploration into concepts such as timing of entries with respect to risk reward Vs volatility and such.

So I don't know what you expect, and I definitely will do my due diligence to demo what he says to fact check it before putting into a live system. But since i sort of did learn it before i chance upon this thread i already have the necessary background to understand what he is doing. So rather than take the whole thing and just use it as it is, maybe you should do your due diligence and fact check what he does before you come to a conclusion?

Also I'm pretty sure if you show professionals you execute big money on something you are still exploring, I'm also pretty sure they will not talk to you again. Because it shows you have a gambling mentality and have no proper mindset to risk taking.

If you are testing concepts out, then trading a small account is best just to prove the validity? Otherwise your just gambling.

Hmm, with larger accounts, liquidity is a concern, so it really depends what you are talking about larger or smaller on what level. Being small has its advantages, with that you don't impact liquidity when you execute, and you will see many professionals purposely stay smaller than the market they are trading so they do not have to content with size problems. Instead they trade many different markets with much smaller accounts.
  • #359
  • Apr 24, 2018 6:52am Apr 24, 2018 6:52am
Quoting CookieMonsta
{quote} So your primary assumption is the thread starter is here to sell something? Because from the post I have seen, he is only presenting his findings, from his exploration into concepts such as timing of entries with respect to risk reward Vs volatility and such. So I don't know what you expect, and I definitely will do my due diligence to demo what he says to fact check it before putting into a live system. But since i sort of did learn it before i chance upon this thread i already have the necessary background to understand what he is doing....
i dont know if he sells something.
he only presents often in this style, and this style shows nothing, even less then nothing. and he changes from strategy to strategy again and again and again...... one of the biggest mistakes people can do.

and believe me, when you show professionals this mini trades, they laugh and say "contact me when you are no child any more and are confident in what you do".
and they would laugh about what he is showing, presenting in this style not anyone with brain would be impressed or say anything positive about, because thats total useless style what is really showing nothing. of course you can trade mini trades for 1 month or 3 and present then results,then maybe you can see if something is it worth. before, speaking about is useless and you lose time for a 99,999% chance of losing strategy.

so when he speaks about, he is showing this professionals and they like it, then i cant believe this fact, because they must be most crazy professionals in the world or he think this beginners are professionals or they want to be nice and tell him they like it. its so risky to dream in trading and dont see the reality.

by the way: with many parts of your text you are correct, but this was not directly what i wrote about (maybe i was wrong to understand).
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