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What percentage profit per day IS possible? 56 replies

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

Quoting RCtrader
250+ (40% of all votes) are for 4% a day. Hahaha And the lowest is 0.5% a day...
The poll question is :How much percent per day is possible with a good system?
If you have a good system why not ?
There are about 250 trading days a year in Forex pairs (more if including crypto).

Assuming you trade for a whole year and compounding...

1% a day =1,103.2% a year... an extremely successful figure, I know several traders doing it (averaging over20% a month).
2% a day = 14,026.8% a year... a highly unlikely figure.
5% a day = 19,830,000% a year... good luck with that.
Anything above 1% on average is nigh on impossible... then again, NOTHING is impossible.
In the days of old when sailors were bold, and seldom if ever contented.
Bitcoin has traded as low as $2,600 and as high as $69,000 in the last 5 years, and is currently about $40,000.
Who in their right mind would have bought and held Bitcoin for 5 years?
Very, very few.

If you think you can achieve 1% increase a day on average trading, I suggest you do 2 things today.

1... open a live FX account and deposit $500 in it and trade it religiously for 5 years
2... buy $500 worth of Bitcoin and forget about it for 5 years.

Report back here in 5 years with your results... Forex Factory will still be here and so will this post in this thread, although I may not be as I'm now 74 years old.

Oh, and I bought and held onto Bitcoin 5 years ago, and still have it.
I have never managed to trade an FX account continuously for more than 7 months in the last 23 years... and my current FX account is only 2 weeks old, increasing steadily ... you can find it in my Bio by clicking the little kangaroo above left.
In the days of old when sailors were bold, and seldom if ever contented.
Quoting tetis
{quote} The poll question is :How much percent per day is possible with a good system? If you have a good system why not ?
And do you know anyone or any system that gives 1% on average?
Risk Management is of utmost importance!
Quoting RCtrader
{quote} And do you know anyone or any system that gives 1% on average?

the OP of this thread "Trading Made Simple" claimed in 2011 that he could trade his USD10,000 account deposit and make $500 ti $1000 per evening.

what do you think?

Post#557 and Post#7555

eelfranz:

"The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger..."

"I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.

iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.

Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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Quoting pt49
There are about 250 trading days a year in Forex pairs (more if including crypto). Assuming you trade for a whole year... 1% a day = 250% a year... a well above average figure. 2% a day = 500% a year... extremely successful and highly unlikely. Anything above 2% on average is nigh on impossible. Assuming we are compounding as the account rises and reduces each day... 0.5% a day for 5 years is 148% increase. 1% a day for 5 years is just over 1,100% increase. 2% a day for 5 years is over 14,000% increase. To give an example in real world... If you...
KEEP THIS THREAD CLEAN
Quoting pt49
There are about 250 trading days a year in Forex pairs (more if including crypto). Assuming you trade for a whole year... 1% a day = 250% a year... a well above average figure. 2% a day = 500% a year... extremely successful and highly unlikely. Anything above 2% on average is nigh on impossible. Assuming we are compounding as the account rises and reduces each day... 0.5% a day for 5 years is 148% increase. 1% a day for 5 years is just over 1,100% increase. 2% a day for 5 years is over 14,000% increase. To give an example in real world... If you...
the right calculation for 250 days trading with 1 percent daily profit via compound interest formula for 500 $ is about 1103.2% or 6016.o8 $
you can calculate it here https://www.cashbackforex.com/tools/compounding-calculator
Quoting emmanuel7788
{quote} the OP of this thread "Trading Made Simple" claimed in 2011 that he could trade his USD10,000 account deposit and make $500 ti $1000 per evening. what do you think? Post#557 and Post#7555 eelfranz: "The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but...
i do see people keep trades for weeks , me i prefer in and out get a few pips and look for the next trade , if i wanted to get a long term trade like weeks i would have been back on the share market , i agree mate in and out money in the bank
KEEP THIS THREAD CLEAN
Quoting pt49
I'm now 74 years old.
Quoting pt49
in the last 23 years...

And then they wonder why 99% lose. Because 23 years of "trading" spent, but zero hours spent to learn basic math. As result - demo dreaming with "magic" calculations.

Bitcoin was 16 000$, and then 3 300$.

But of course you did not buy it at this price and sold it when it was -85%. Sure. Sure. Iron balls.

One more funny thing how you can compound with 2 decimals. Definitely you are not like average us. Better. Because the Universe made another version of math for you specially.
Observer effect
Quoting ryuryu
{quote} {quote} And then they wonder why 99% lose. Because 23 years of "trading" spent, but zero hours spent to learn basic math. As result - demo dreaming with "magic" calculations. Bitcoin was 16 000$, and then 3 300$. But of course you did not buy it at this price and sold it when it was -85%. Sure. Sure. Iron balls. One more funny thing how you can compound with 2 decimals. Definitely you are not like average us. Better. Because the Universe made another version of math for you specially.
Thanks for kindly highlighting my mistakes, I have edited and fixed them for you.

As to my Bitcoin...
I bought $25,000 worth of bitcoin in early 2017, at the time BTC was about $3,700 per coin, I also bought some at $16,400 a coin in 2017.
I bought some at about $3,400 just 2 years ago, and bought some at over $50,000 last year.

Just to show how stupid I am, I sold 1 bitcoin for just under $10,000 in order to buy a racing greyhound that never won a race for me. If I had kept that bitcoin instead of selling, it would now be worth about $40,000... the dog is now a retired, but costly pet.

If you want to see an account increase at about 1% a day, kindly check out my Trade Explorer.
In the days of old when sailors were bold, and seldom if ever contented.
Quoting RCtrader
{quote} And do you know anyone or any system that gives 1% on average?
No I don't
Quoting JoshuaWheat
I think 1% profit is achievable but 3% is a bit difficult to imagine. And the amount of profits do not matter unless a trader is consistent.
Well the fact is that alot of traders are able to accomplish this on a monthly basis, hence the reason we have such rules in proprietary firms.
R:R "Percentage Focus"
Quoting AbdullahBin
{quote} Maybe it’s possible; but personally I don’t see any benefit to have such kind of daily target! Because, there is no fixed rule of Forex market movements! You’ll not get good entry points in everyday & that’s very natural! So, what will be your next move when the market is stable? I believe, having a daily target creates extra mental pressure! I am trading here without any target; if I get a good entry point, then I use it, if not: I just wait! No way to force myself to fulfill my daily % target!
So based on yur reply it would lean towards structural formation for you, while other person's have simple methods like candle patterns. Crossing of an indicator et etc.... So each system or method is different.
R:R "Percentage Focus"
Quoting fxnewworld
I have never seen any trading system that can continue to make 1% per day in the long-term 3 years+ and the most important thing to pay attention to is the maximal-drawdown.
What you say is factual, you haven't seen it but it doesn't mean it does not exist. Balance on an account also helps to determine what it can handle in terms of drawdown.
R:R "Percentage Focus"
Quoting KarlStone
Talking in %'ages really bugs me, because important information is missing. Are you risking 0.1% to make 1%, great. Are you risking 5% to make 1%? Now if you're talking about making 1R every day, that's probably doable. If it's a simple system you can do manually, you can code it. That said, out of all the trades I know, only 1 that I know of has not had a losing day in months. I feel like not accepting that you're just going to have losing days is bad psychology - just read Mark Douglas or watch his YouTube lectures which I think are a bit more...
It was merely meant to highlight probability, facts, goals, targets etc.
I like how you put it, hasn't had a losing day, but does say the person didn't have a losing trade. Ending the day with profit is not the problem. It's managing the inevitable. For instance everyone knows they will have losing trades, but is your aim to take it and move to the next trade, hedge it, martingale it, stop trading and wait. There has to be a plan. Take for instance Nikos Mermigas with spartan trading, they make crazy percentages using r:r, every week and they do have losing trades. They aim for 1:1, 1:2, 1:3 and sometimes get a runaway train that takes care of all previous losses.
R:R "Percentage Focus"
Quoting RCtrader
250+ (40% of all votes) are for 4% a day. Hahaha And the lowest is 0.5% a day...
That's because they selected what would be ideal, the later is easier to attain.
R:R "Percentage Focus"
Its not a question of percentage a day - the percentage comes with the stake, more important is the pip-consistancy per day.

Five pips a day is enough to levarege you up - 5 pips a day, than stopping trading. Not more, not less.

Lets say you deposit 500 EUR, trade 65 EUR one lot Nasdaq, so you make lets say 6 EUR a pip, trade 6 lots each position.

After the first day i make 30 EUR (5 pips).

After the second day again 30 EUR

After the third day again 30 EUR and so on, after the first week (5 days trading), i make 150 EUR.

After a month i make 150 EUR multiplied 4 is 600 EUR - i make more than 100% profit a month.

Now increase the stake from 6 lot to 8 lot.

I start the first week of the next month with 8 lot each position, make each day 40 EUR, each week 200 EUR.

After second month 800 EUR profit, more than 150% profit and so on.

Its so easy - 5 pips a day with indices is ridiculous with some experience. (Trading the major opening sessions, jump on intraday trends.....)

Every experienced trader knows, that situations occur which provide "sure trades" if you just scalp not more than one to three pips.

Thats the way to make a mega fortune. Only five pips a day - BASTA!
Quoting Cashbear
Its not a question of percentage a day - the percentage comes with the stake, more important is the pip-consistancy per day. Five pips a day is enough to levarege you up - 5 pips a day, than stopping trading. Not more, not less. Lets say you deposit 500 EUR, trade 65 EUR one lot Nasdaq, so you make lets say 6 EUR a pip, trade 6 lots each position. After the first day i make 30 EUR (5 pips). After the second day again 30 EUR After the third day again 30 EUR and so on, after the first week (5 days trading), i make 150 EUR. After a month i make 150...
Well said for the scalping folk's. I agree 100%
That's the idea... This is best done with a standard account with no commissions. Ecn would have commission. Which broker would you use for this?

What I hate is when there comes person B, hey prove it, lol and when you show them in the account they say, we need to have it validated, then you do and they say the validation was hacked. Anything that works is a lie and it's.a.scam.... All because they don't have the system.
R:R "Percentage Focus"
IC markets offer one lot Nasdaq for approx.65 EUR, one lot DAX40 around 75 EUR, those guys there are really fine!
Quoting PrinceJ58
{quote} What I hate is when there comes person B, hey prove it, lol and when you show them in the account they say, we need to have it validated, then you do and they say the validation was hacked. Anything that works is a lie and it's.a.scam.... All because they don't have the system.
You don't need to prove your system or anything else . go ahead and do your job.
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