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3% a day?

  • #101
  • Mar 23, 2018 9:17am Mar 23, 2018 9:17am
funny thread
That which does not kill us makes us stronger
  • #102
  • Edited 3:55pm Mar 23, 2018 3:28pm | Edited 3:55pm
To be realistic, after including the losing trades, you will be fortunate to even get 3 percent at the end of the month.
'For the market to work, it needs people who think that they can beat it.'
  • #103
  • Mar 23, 2018 5:50pm Mar 23, 2018 5:50pm
Well, the rate of loan sharks in my city is 5% monthly, and they accept "investment" for 2% return.
If I can't make more than 2% monthly from trading, better I invest in one of them, that happens to be my brother in law best friend... so I consider it rather safe investment
That which does not kill us makes us stronger
  • #104
  • Mar 23, 2018 6:42pm Mar 23, 2018 6:42pm
Quoting billytt
{quote} If you think it is huge you should not be trading... If you look at it through the normal trading methods , you will lose. As Spread points out, open your mind and look for unicorns... Trade well


This is the utter truth. I won't listen to anyone who cannot even admit their limitation is fear or that they willfully choose to play within the parameters of their own mind. If 1% a month, week or day is sufficient for them and they claim so, that's great! But where those traders present themselves with unbridled fear about someone else's possibilities, I wonder if they can trade manually and I usually shut down my ears. There are traders who produce ungodly numbers in their own personal methods. Of course, they are few but admitting they are real is critical.

How can a trader weigh real probabilities if they're not realistic with their own mind?

I must admit that it is possible and to believe the few who have told me it is possible. Only in this way can I measure my failings and improve. If one doesn't know what the problem truly is, they cannot find a solution. But if things are not real at all, you cannot even find the real problem in order to get to a solution.

I have been a terrific discretionary trader from the get go. Note: That does not mean "successful", because great trading requires so much more. What it means: I've never blown up an account. Nearly died by a thousand cuts, but that's all because I learned to cut my losses early on.

I've had people argue about me cutting losses as if hitting the stop loss is mandatory for successful trading. Srsly? Every cut to risk is a good cut.

But, then again, I don't think these types of traders really know how to trade. It's good to be able to set up the parameters of a trade, pull the trigger, walk away and letting things run by themselves. But a seriously good trader has the wherewithal to watch the screen and not change anything unless real risk presents itself. That's me 75% of the time and I'm weeding out the rest.

I see 1% a trading day is possible. Time will tell. I need more time in.

Good day
  • #105
  • Mar 23, 2018 10:19pm Mar 23, 2018 10:19pm
You mean 3% per day as in, 3% of the initial deposit or 3% of yesterday's balance or equity? You must be meaning 3% of the initial deposit. And if that's the case, you wouldn't compound every day. You would compound once you've obtained 100% of initial deposit. So basically, you would compound once per month. Is that what you mean?
  • #106
  • Mar 24, 2018 2:01am Mar 24, 2018 2:01am
Quoting TGS
You mean 3% per day as in, 3% of the initial deposit or 3% of yesterday's balance or equity? You must be meaning 3% of the initial deposit. And if that's the case, you wouldn't compound every day. You would compound once you've obtained 100% of initial deposit. So basically, you would compound once per month. Is that what you mean?
i would assume they mean 3% of initial deposit,,
ie 100 + 3% =103..... 100 + 3% =103 + the 3% from day before =106

Compounding 100% would be 100+3% =103...103+3% =106.09

Partial compounding can grow an account a lot faster without the bank roll, but you need to know what you are doing....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #107
  • Mar 24, 2018 2:08am Mar 24, 2018 2:08am
Quoting billytt
{quote} i would assume they mean 3% of initial deposit,, ie 100 + 3% =103..... 100 + 3% =103 + the 3% from day before =106 Compounding 100% would be 100+3% =103...103+3% =106.09 Partial compounding can grow an account a lot faster without the bank roll, but you need to know what you are doing....
Yeah because I see people talking about compounding and how x dollars is going to turn into y dollars, as if they're going to be increasing their lots every day. If they're increasing their lots everyday then there's something seriously wrong and that's not going to last long.

A more sensible approach is to allocate let's say 0.01 lot for each $1000 of equity. So then, you continue trading with 0.01, until you've reached $2000 which at that point, you'd start trading with 0.02.

So in other words, you would be compounding once you've attained 100% equity gain. Because increasing lots everyday, without building sufficient equity to accommodate the increase in lot, is obviously going to vaporize the account.
  • #108
  • Mar 24, 2018 2:32am Mar 24, 2018 2:32am
Quoting TGS
{quote} Yeah because I see people talking about compounding and how x dollars is going to turn into y dollars, as if they're going to be increasing their lots every day. If they're increasing their lots everyday then there's something seriously wrong and that's not going to last long. A more sensible approach is to allocate let's say 0.01 lot for each $1000 of equity. So then, you continue trading with 0.01, until you've reached $2000 which at that point, you'd start trading with 0.02. So in other words, you would be compounding once you've attained...
erm, yes and no.
I say this in a serious/friendly way and not in a derogatory way.

If that is how you as a person think, that is good and that is how you should trade

I originally (going back a few years) and pre stupid margin rates time..
example... started with 20, looking for 20 points profit and had a 20 stop.. But had a big bank roll and an incredible hit rate..

So 20+ 20 =40..... 40+40=80....80+80 =160 true compounding) massive growth quickly.

It still can be done today but you need a massive bank roll to carry the margin rate.

What i do now, even though i actually have stopped trading big time .
i will compound just 3 times in a row (maybe not 100%) and that is good,

Trade well and trade you
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #109
  • Edited 5:30am Mar 24, 2018 4:04am | Edited 5:30am
It doesn't make that much of a difference how quickly you compound; it's all relative. If you're halfway through the month and have made 50% gains then there is no reason not to be trading with 50% more than you started the month with. If you're a week in with 25% gains then there is no reason to not be trading with 25% more. Your risk is just the same. The only reason to compound less often is that eventually a loss will happen. It could happen on the very first trade and you're starting out with less than your initial 100%. Then what do you do? The same thing you'd do if you waited a month and doubled your lot size after waiting to double your account. Compounding slowly is just easier psychologically because it's a slower adjustment and works better with how most people trade.
"The fun is in the hunt. Not the kill."
  • #110
  • Mar 24, 2018 7:52am Mar 24, 2018 7:52am
Quoting Redeflect
It doesn't make that much of a difference how quickly you compound; it's all relative. If you're halfway through the month and have made 50% gains then there is no reason not to be trading with 50% more than you started the month with. If you're a week in with 25% gains then there is no reason to not be trading with 25% more. Your risk is just the same. The only reason to compound less often is that eventually a loss will happen. It could happen on the very first trade and you're starting out with less than your initial 100%. Then what do you do?...
agreed, it is all time related.

But if you have a method which for instance is based off the UK open, you will probably have one chance to trade per day.

Compounding is not for everyone but you can grow your account quickly using money gained from the broker. (NEVER LEVERAGE)

(Using money gained from the broker) this can cause arguments ....

Make 3% per day for a week = 3+3+3+3+3 =12 or compound 3+6+12=24+48... or partial compound just adding a small percentage..

It can and does lose and that is where the trading skill comes in...
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #111
  • Last Post: May 4, 2018 10:25pm May 4, 2018 10:25pm
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.
Hey, completely agree with you ... travel far and together.
How do I join your group?/
Regards,
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