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

Quoting supdemfx

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Hi, I personally don't think making 1% per day is possible with the perspective that you literally make every day 1%. However, I do think that if you have a time frame of 1 month you can make an average of 1% per day. I myself have an average of about 12 trades a day. That means that I can't take more than 0.5% risk on 1 trade otherwise I would end up with drawdowns of 80-90% which is not good risk management.

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Quoting supdemfx

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Hi, I personally don't think making 1% per day is possible with the perspective that you literally make every day 1%. However, I do think that if you have a time frame of 1 month you can make an average of 1% per day. I myself have an average of about 12 trades a day. That means that I can't take more than 0.5% risk on 1 trade otherwise I would end up with drawdowns of 80-90% which is not good risk management.

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Quoting FraterRedox

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{quote} Yes, on a long run 1% per day is impossible. The idea is delusional. If someone says he/she is capable of doing it, he/she will be a first trillionaire on Earth and can buy Twitter with Tesla, Space-X and make Elon his/her butler. Starting with just 1000.- USD and making 1% per day it takes less than 5 years to reach your first trillion. On your fifth year you´ll end up with 50+ trillion. Calculator.

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Quoting hazelj80

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{quote} This is a fallacy that i have always seen on this site since i signed up here and it's beginners thinking "If you make X percent a day you'll be a trillionaire in no time and thats impossible" no, no you won't be a trillionaire but not for the reasons you might think why? slippage would kill you on large trade and you'd be going against yourself. so you can make maybe 1% a day up to, say, 100 lots and then youd be maxing out on your lot size. I still think people are better off going for a certain amount of pips per day. like say 20% of...

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Quoting FraterRedox

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{quote} Well, do we know any billionaires? FX is hardest market to go against yourself, 1000 lot trade doesn´t move USD pairs. Also 100 lot and max out ain´t the truth. Several brokers provide 200 lots, use copier EA and knock yourself out on several broker platforms. If you still use MT4 and forex broker - would be awkward if your account is in millions.

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Quoting hazelj80

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{quote} you would not even make a billion on the retail side. not even close. it is harder to go against yourself but that doesn't mean it wont happen with less than 100 lots depending on what pair you're trading at the moment and what time of day.

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Quoting PrinceJ58

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{quote} That's because they selected what would be ideal, the later is easier to attain.

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Quoting FraterRedox

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{quote} 100 lot - I doubt it would move even NOKZAR. And why we talk ab retail and billions now? In history there has been a billion dollar trade - Soros against GBP, market cap was tiny back then, 1990, even Soros can´t go against himself. Another notorious guy is Krieger. But the question is about 1% per day - if u r able to do that, you will be a first trillionaire, lets forget this MT4 and 100 lot nonsense now.

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Quoting hazelj80

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{quote} Its 10% if youre on the aggressive account but you have to also be aggressive with your lot size. maybe .5% per trade multiple trades per day in one session

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Quoting hazelj80

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{quote} Soros was trading at the institutional level and he was borrowing BILLIONS to go against the bank of England so he wouldn't get margin called. apples and orange. no institutional level trader is using a retail platform and there's 0 reason to use more than that many lots no matter what retail platform it is mt4 or otherwise your margin WILL get reduced significantly when you go above certain sizes. oanda does it IG does too but really people are going about it the wrong way anyways itd be easier to target an amount of pips because that can...

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Quoting andrei-irk

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{quote} I absolutely agree with you mr Hazelj. We retailer dont compare with someone institutional or professional like Soros or Buffet, they would never go broken, after them is a mountain of credit, and they impact in some market. We just have to find our own edge and practice with it again and again. So, trading with big volume is the all in . it would kill us retailers more than we think, dont just think only about profit guys. The dark side of big volume is always there. And when it comes, we need more cash to deposit )

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Quoting Cashbear

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Thats right - for example today (NFP-day) i deposited 20 EUR before NFP session started to scalp the Russel,(discretionary trading) and at 18:00 GMT 2 i was on 32 EUR - thats more than 50%, and the day is not over. I could stop now, but i wait for hints what the direction will be at the end, to catch some additional pips. Session one was right after NFP release, session two was the US opening, and session three will be the US closing. So thats just what is possible in that business concerning percentage profits. Clear, thats not every day, but the...

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Quoting AbdullahBin

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{quote} In reality, candle type patterns are not any sustainable way to follow! I personally have such a bad experience on candlestick trading! Besides, Indicators can’t be a proper solution here!

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Quoting hayseed

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{quote} //---- hey prince..... hows it going..... can't remember if i voted, but if 0.005 per day was available, it would have been my choice...... truely believe i could average 0.005 per day..... 0.5% non compounded per day..... so on a 10,000 live oanda account based in the states, 50$...... which is right around minimum wage here...... been workin past 6 weeks on that same idea over at envids forum...... 'in search of minimum wage'...... explorer results below........

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