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3% a day?

  • #41
  • Mar 5, 2018 3:20am Mar 5, 2018 3:20am
Quoting bloodpoodle
we all make 10% an hours... 3% a day is really low.

lol, where is the bs repellent
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #42
  • Mar 5, 2018 3:24am Mar 5, 2018 3:24am
Quoting billtrade
If you ask me, it’s really hard to achieve a stable result of even 1% per day (not to mention 3% per day). If I was that successful, I could consider myself a super trader.
Sometimes it isn't possible to make 3 % each day due to either not trading or maybe getting a bit less..

i usually work for 5% but after a fail or two it averages to more than 5%,

so just keep records and stats...

trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43
  • Mar 5, 2018 6:08am Mar 5, 2018 6:08am
Quoting billytt
{quote} lol, where is the bs repellent
What makes you think he is BS?
  • #44
  • Mar 5, 2018 6:26am Mar 5, 2018 6:26am
Quoting HabibiForex
{quote} What makes you think he is BS?
i did not say HE is bs, but to say earn x amount everyday is false, even i cannot do that.

i will post every day what i am going to trade , hopefully he will too.
trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45
  • Edited 6:47am Mar 5, 2018 6:30am | Edited 6:47am
Quoting HabibiForex
{quote} What makes you think he is BS?

AND10% per hour? is that for 24 hours or just opening hours .

He is good.

edit,,, when i said good i was TTP
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46
  • Mar 5, 2018 6:42am Mar 5, 2018 6:42am
Quoting billytt
{quote} AND10% per hour? is that for 24 hours or just opening hours . He is good.
10% an hour is rather insane to even think about calculating. Billytt, do you swing or scalp?
  • #47
  • Mar 5, 2018 6:49am Mar 5, 2018 6:49am
Quoting HabibiForex
{quote} 10% an hour is rather insane to even think about calculating. Billytt, do you swing or scalp?
i have been told i am a scalper but in my eyes i am not.

i enter a trade and normally it is closed shortly after. Sometimes it might take a day or two to fix a bad trade,,

i do have a bot that scalps but that is no fun.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #48
  • Mar 5, 2018 6:50am Mar 5, 2018 6:50am
Quoting HabibiForex
{quote} 10% an hour is rather insane to even think about calculating. Billytt, do you swing or scalp?
10% per hour and you will be retired in a month actually 2 weeks...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49
  • Mar 5, 2018 10:27am Mar 5, 2018 10:27am
Quoting MoneyFocus
What if we could make "just" 3% a day on our account balance? Using a capital of 3,767....after 200 trading days...we will reach 1,391,370. Insane. Possible? Probable? You can play around with other figures (capital, percentage a day) here: http://compoundaily.com/ But it can be insanely rewarding if we manage to do it...How? If you want to travel fast, go alone. If you want to travel far, go together. If you find this idea/concept intriguing...you might want to join a whatsapp group I have created for this purpose.
Here are my two cents, for whatever it's worth. While there is undeniable magic in compound interest and it is extremely motivating to compute hypothetical projections (like 3% for x days), I have personally found that having a specific daily/weekly/monthly percentage in mind can wreck a trader's psychology. (Leading to breaking your trading rules to "make" the daily quota, forcing trades, etc).

Ironically, I have found the most trading success when I "let go" of my trading outcome expectations and let the market give me whatever it is going to give me that day/week/month. As long as I keep showing up and trading the parameters of my edge, the results take care of themselves.

Having said that though, I wish you the best of luck!
  • #50
  • Mar 5, 2018 10:36am Mar 5, 2018 10:36am
Quoting msavvy
{quote} Here are my two cents, for whatever it's worth. While there is undeniable magic in compound interest and it is extremely motivating to compute hypothetical projections (like 3% for x days), I have personally found that having a specific daily/weekly/monthly percentage in mind can wreck a trader's psychology. (Leading to breaking your trading rules to "make" the daily quota, forcing trades, etc). Ironically, I have found the most trading success when I "let go" of my trading outcome expectations and let the market give me whatever it is going...
Unless you keep the bar very low. I'm content with 20% per month; far better returns than would be expected by most investors. When I exceed that I take it as my own personal play money to dick around with in one way or another; either on riskier trades or scalping for fun(I.E. gambling).

It's when you set improbable daily benchmarks that you really start to screw the pooch. I don't believe 3% is improbable most days.
"The fun is in the hunt. Not the kill."
  • #51
  • Mar 5, 2018 12:33pm Mar 5, 2018 12:33pm
Quoting Arbaaz
Trading profit 3% per day. What about risk ? RR ratio ? Trade frequency ? Trading type mechanical or automatic ? Everything is possible but to solve an equation requires value of all the variables. According to my experience, scalping can work but 3% per day is still too much.
Why would 3% be "too much"?
  • #52
  • Mar 5, 2018 1:19pm Mar 5, 2018 1:19pm
Quoting HabibiForex
{quote} Why would 3% be "too much"?
Because, for him, when he tries to get 3% per day he starts taking bad trades.

And, unlike you, many of us aren't using 500:1 leverage because it's just asking to get f*cked in the @$$.
"The fun is in the hunt. Not the kill."
  • #53
  • Mar 7, 2018 2:06am Mar 7, 2018 2:06am
Quoting Redeflect
{quote} Because, for him, when he tries to get 3% per day he starts taking bad trades. And, unlike you, many of us aren't using 500:1 leverage because it's just asking to get f*cked in the @$$.
Why would you suggest that high leverage is asking to be sodomized? Last i checked, high leverage simply requires less margin compared to lower. Would you please enlighten me as to your "reasoning"?
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  • #54
  • Edited 2:55am Mar 7, 2018 2:42am | Edited 2:55am
Quoting HabibiForex
{quote} Why would you suggest that high leverage is asking to be sodomized? Last i checked, high leverage simply requires less margin compared to lower. Would you please enlighten me as to your "reasoning"? {image}
Because most traders get sodomized even with low leverage. You still use too much of it at once for discretionary trading; reflexes are too slow and the moment liquidity gets pulled it'll knock you out in full.

You're placing full lot trades on E/U with $1000 capital and sitting on it for 5 hours. You're just waiting to be sodomized because you're trading without stops. None of us have stops; they don't exist unless your broker decides they exist.
"The fun is in the hunt. Not the kill."
  • #55
  • Mar 7, 2018 3:12am Mar 7, 2018 3:12am
Quoting Redeflect
{quote} Because most traders get sodomized even with low leverage. You still use too much of it at once for discretionary trading; reflexes are too slow and the moment liquidity gets pulled it'll knock you out in full. You're placing full lot trades on E/U with $1000 capital and sitting on it for 5 hours. You're just waiting to be sodomized because you're trading without stops. None of us have stops; they don't exist unless your broker decides they exist.
I knew i dwouldnt have to touch the crystal ball to know your response would be that of a trader with 2 days experience. Yes I a m placing a full lot of EU and holding for 5 hours but would this isn't binary options in which time is your tp or sl. Being as you skimmed through my stats, why don't you look at the avg position which rwsults in profits of greater than 3% and tell me the avg number of pips i float in red before closing in green. Judge a trader on his accuracy or lack their of and not on the leverage they use.

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  • #56
  • Edited 3:30am Mar 7, 2018 3:17am | Edited 3:30am
Quoting HabibiForex
{quote} I knew i dwouldnt have to touch the crystal ball to know your response would be that of a trader with 2 days experience. Yes I a m placing a full lot of EU and holding for 5 hours but would this isn't binary options in which time is your tp or sl. Being as you skimmed through my stats, why don't you look at the avg position which rwsults in profits of greater than 3% and tell me the avg number of pips i float in red before closing in green. Judge a trader on his accuracy or lack their of and not on the leverage they use. {image}
Your TE is a scammer's joke and you know it. You have no stats, you have a few lucky trades until you blow up the account and open a new one with whatever you've withdrawn in the meantime. Get back to us when you have a TE with over a thousand trades. THEN we can talk about your 'stats'.

I think I'd prefer to judge you by your ability to consistently turn a profit over time and grow an account; neither of which you've even begun to demonstrate.

I started my currently displayed TE with 72 consecutive winning trades on the first day; it doesn't mean shit.
"The fun is in the hunt. Not the kill."
  • #57
  • Mar 7, 2018 3:36am Mar 7, 2018 3:36am
Quoting Redeflect
{quote} Your TE is a scammer's joke and you know it. You have no stats, you have a few lucky trades until you blow up the account and open a new one with whatever you've withdrawn in the meantime. Get back to us when you have a TE with over a thousand trades. THEN we can talk about your 'stats'. I think I'd prefer to judge you by your ability to consistently turn a profit over time and grow an account; neither of which you've even begun to demonstrate. I started my currently displayed TE with 72 consecutive winning trades on the first day; it doesn't...
Now you want to see 1000 trades. I guess amount of trades and time is much more important then profit and accuracy. Would you also please tell me what a scammerscammers'scammerscammers's TE looks like? Your thoughts are all over the place and that is normal for someone whom is new to trading and believes he knows it all.
  • #58
  • Mar 7, 2018 3:38am Mar 7, 2018 3:38am
Quoting HabibiForex
{quote} Now you want to see 1000 trades. I guess amount of trades and time is much more important then profit and accuracy. Would you also please tell me what a scammerscammers'scammerscammers's TE looks like? Your thoughts are all over the place and that is normal for someone whom is new to trading and believes he knows it all.
You are correct; it is more important because profits and accuracy are derivatives of time. As I said, you have no stats because your sample size is a joke by any statistical measurement. Get back to us when you're showing more than a handful of coin tosses since your last major loss that blew up the account.
"The fun is in the hunt. Not the kill."
  • #59
  • Mar 7, 2018 4:18am Mar 7, 2018 4:18am
Quoting Redeflect
{quote} You are correct; it is more important because profits and accuracy are derivatives of time. As I said, you have no stats because your sample size is a joke by any statistical measurement. Get back to us when you're showing more than a handful of coin tosses since your last major loss that blew up the account.
Profits and accuracy are derivatives of time? Is that right? I guess that is how you noobs think. Let me use low leverage so the market can come back to me if i am wrong. Redeflect since you want to see 1000 trades let me quickly manipulate that stat so you grace me with more idiotic statements. Lol
  • #60
  • Edited 5:32am Mar 7, 2018 5:04am | Edited 5:32am
Quoting HabibiForex
{quote} Profits and accuracy are derivatives of time? Is that right? I guess that is how you noobs think. Let me use low leverage so the market can come back to me if i am wrong. Redeflect since you want to see 1000 trades let me quickly manipulate that stat so you grace me with more idiotic statements. Lol
Well, then, I see you certainly are stupid. No wonder you can't survive.

It's called "let me not bet the farm on this trade because if I am momentarily wrong I've lost my farm". Also, don't habibi the pigs so much.
"The fun is in the hunt. Not the kill."
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