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

  • #381
  • Apr 25, 2018 9:11pm Apr 25, 2018 9:11pm
I could get four percent per day easily for a few days; until the account dries up.

The market offers profit like droughts and floods. I assume a fixed daily risk, but the daily rewards are volatile.

Daily profit calculations are only an extra psychological hurdle (with spikes tipped with venom and a bit rusty too; tetanus is pretty horrible. New poll:Which is more painful, tetanus or venom?).
I have decided to settle for a bit under 1000% growth per anum.
  • #382
  • Apr 26, 2018 3:15am Apr 26, 2018 3:15am
Quoting StrongBeer
I could get four percent per day easily for a few days; until the account dries up. The market offers profit like droughts and floods. I assume a fixed daily risk, but the daily rewards are volatile. Daily profit calculations are only an extra psychological hurdle (with spikes tipped with venom and a bit rusty too; tetanus is pretty horrible. New poll:Which is more painful, tetanus or venom?).
I'd like love to see that.
  • #383
  • Apr 26, 2018 9:28am Apr 26, 2018 9:28am
As a follow up to the trades being held for more profits this process is worth it...One would close the percentage required for the day then allow the rest to run at low risk...these 0.02 and 0.03 to me are doing well in such a short time. So when you get the right direction and move on it can be worth it. $0.20 and $0.30 per pip can make the difference for someone.

So one can for themselves observe the on going size of the winning or running trades versus the size of losers or wrong direction trades. It can be done...
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R:R "Percentage Focus"
  • #384
  • Apr 26, 2018 9:33am Apr 26, 2018 9:33am
Quoting AlastorFate
I do not see how pondering over percentage return is a good thing.
//——

hey alastor... large banks and funds spend tremendous amount of time and resources trying to wring the last penny out of the market....

Their existence depends on pondering percentages.....

with us its it’s more of a fun pass time..... someone here once called me a hobby trader... that may very well be..... forex is a fun pass time for me......

1% on a 7500$ account is 75$ a day.... 375$ a week.... non compounded.....

let’s just see.... just for fun......h
to trade and code, keep both simple... no call to impress....h
  • #385
  • May 2, 2018 8:28am May 2, 2018 8:28am
Quoting PrinceJ58
As a follow up to the trades being held for more profits this process is worth it...One would close the percentage required for the day then allow the rest to run at low risk...these 0.02 and 0.03 to me are doing well in such a short time. So when you get the right direction and move on it can be worth it. $0.20 and $0.30 per pip can make the difference for someone. So one can for themselves observe the on going size of the winning or running trades versus the size of losers or wrong direction trades. It can be done... {image} {image} {image} {image}...
Nice trades .

You remind me with a friend who trades a bit similarly...
Say his capital is 10K , he would divide it to 20 accounts
and studies the market very well before any trade - trades only with trends
and he starts piling them up as it moves in his direction squeezing every bit of margin
he needs to get few calls right out of the 20!
What goes up will come down...
  • #386
  • May 2, 2018 2:38pm May 2, 2018 2:38pm
Quoting PrinceJ58
As a follow up to the trades being held for more profits this process is worth it...One would close the percentage required for the day then allow the rest to run at low risk...these 0.02 and 0.03 to me are doing well in such a short time. So when you get the right direction and move on it can be worth it. $0.20 and $0.30 per pip can make the difference for someone. So one can for themselves observe the on going size of the winning or running trades versus the size of losers or wrong direction trades. It can be done... {image} {image} {image} {image}...
I see your attached images, is this own performance or anything else?
  • #387
  • May 3, 2018 3:58am May 3, 2018 3:58am
Quoting MariaEduard
{quote} I see your attached images, is this own performance or anything else?
I share from personal experience... its best to do so. There are consequencies that may come along with it, the critics, nay sayers, all of the above. I will explain about the idea though, it doesnt always come but when it does come it is worth all the effort.

I prefer to risk a small percentage rather than a large one. Its best to know that you are right with a small percentage than wrong with a large percentage, that is my personal belief. One will lose, and one will win trades, the question is when and how much.

A large percentage can show that you were very wrong or very right quickly. For me the opportunities are always there, so i prefer to take a small loss than a big one. My mind is conditioned to accept small losses and move on quickly. On the other hand, i would regret and punish myself should i lose gains that took a long while to build all in one trade being a loser and holding it.

See there is always room for error but how large will it be, when it happens. I dont have time nor money to waste.
0.5% can earn a decent amount overtime, more than the institutions will give.
1% can do the same, 5% would do it in a shorter time, however what i receive from 5% as gain is best done with a smaller risk as i like to let the winners run when they can. Trading should reflect your comfort level and risk appetite.

I dont look to fill my basket from one chicken but from several chickens, that will be no pressure. Anything can happen, i hope for the best and plan for the worst.

A chicken can die, may develop problems but having a backup plan is best. Farmers should expect both the good and the bad. They may pickup dead fowls everyday depending on the size of the farm, for varying reasons but still keep going without it phasing them, it is expected as the seasons pass. Constant replacing of old layers or breeders should be done as time goes by, I view trading the same.

Manage it or it will manage you.
R:R "Percentage Focus"
  • #388
  • May 3, 2018 4:11am May 3, 2018 4:11am
Quoting MariaEduard
{quote} I see your attached images, is this own performance or anything else?
I build on positions (building pyramids) when the market gives the opportunity.
This example shows 6% risk with 24% possible gain should it work. There are deeper ways to look on it as well, it takes active management to minimise the risk so that by the time i enter each additional trade there is no risk on the previous trade so the risk becomes fixed as when i first started but the gains are simply maximized as it is not fixed in all cases.
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R:R "Percentage Focus"
  • #389
  • May 3, 2018 4:40am May 3, 2018 4:40am
Another strong move but only one position currently, the losses that lead up to a trade like this will easily be covered when these strong trades come along our way. This shows original risk versus open reward.
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R:R "Percentage Focus"
  • #390
  • May 3, 2018 4:47am May 3, 2018 4:47am
Quoting hayseed
{quote} //—— hey alastor... large banks and funds spend tremendous amount of time and resources trying to wring the last penny out of the market.... Their existence depends on pondering percentages..... with us its it’s more of a fun pass time..... someone here once called me a hobby trader... that may very well be..... forex is a fun pass time for me...... 1% on a 7500$ account is 75$ a day.... 375$ a week.... non compounded..... let’s just see.... just for fun......h
Banks are working within a completely different structure - how a bank trades and how you trade has almost nothing in common and anyway, the percentage you are referring to by the banks is yearly and built on historical data over years.

The systems are different, the knowledge and resources are different, the trades and strategies are completely different. It's like comparing a girl at a lemonade stand and Coke.

Even so, a bank won't stop trading because it met its yearly target - it also understands that the market will give you what it will give you and assess your performance based on the opportunities available in the market at that time.
  • #391
  • May 3, 2018 6:15am May 3, 2018 6:15am
Quoting Catch-22
{quote} Banks are working within a completely different structure - how a bank trades and how you trade has almost nothing in common and anyway, the percentage you are referring to by the banks is yearly and built on historical data over years. The systems are different, the knowledge and resources are different, the trades and strategies are completely different. It's like comparing a girl at a lemonade stand and Coke.
//-----

hey catch..... have no idea how banks trade but have seen much of their math..... didn't understand it though.....

the little girl quietly selling lemonade is exactly how i trade..... it's slow, steady, stress free...... but even so, it would be interesting to visit a bank trading floor first hand.....
//------

and, from the fwiw department...... regarding my prior post.....

1% on a 7500$ account is 75$ a day.... 375$ a week.... non compounded.....

let’s just see.... just for fun......h
//-----

for me, it's interesting to focus on improving in small percentages.... just like the olympic racer, swimmer, skier and such..... micro adjustments.......h
//----
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to trade and code, keep both simple... no call to impress....h
  • #392
  • May 3, 2018 6:51am May 3, 2018 6:51am
Quoting Catch-22
{quote} Banks are working within a completely different structure - how a bank trades and how you trade has almost nothing in common and anyway, the percentage you are referring to by the banks is yearly and built on historical data over years. The systems are different, the knowledge and resources are different, the trades and strategies are completely different. It's like comparing a girl at a lemonade stand and Coke. Even so, a bank won't stop trading because it met its yearly target - it also understands that the market will give you what it...
I do agree with you, however i do have a little understanding. Never theless whomever is able to earn from the knowledge acquired should do so. That is what one should do, if they so possess the required, skills, tools and knowledge to do so.

However those same institutions not just banks, that i observe in my country make billions from varying services and products they offer from customers capital. What i mention is what i observe in private and in public fine print.
As to how much i get from them is nothing to write home about. For me its much easier to try with the little knowledge i do have, in aims of achieving my goals than to sit by and not try at all. Thanks for posting...
R:R "Percentage Focus"
  • #393
  • May 3, 2018 6:57am May 3, 2018 6:57am
Quoting hayseed
{quote} //----- hey catch..... have no idea how banks trade but have seen much of their math..... didn't understand it though..... the little girl quietly selling lemonade is exactly how i trade..... it's slow, steady, stress free...... but even so, it would be interesting to visit a bank trading floor first hand..... //------ and, from the fwiw department...... regarding my prior post..... 1% on a 7500$ account is 75$ a day.... 375$ a week.... non compounded..... let’s...

Its been a while since i await the moment which has finally arrived. It is more than one can ask for... hardly do you see performance like this from the average trader. Thanks for being apart of this journey, as your written thoughts, beliefs and actions have really aided in cementing the ideas shared.

I hope to one day host an immaculate record as you have achieved over the years, all the best with what is to come. You said you would share and you have been a man of your word.
R:R "Percentage Focus"
  • #394
  • May 3, 2018 8:50am May 3, 2018 8:50am
Quoting hayseed
{quote} //----- hey catch..... have no idea how banks trade but have seen much of their math..... didn't understand it though..... the little girl quietly selling lemonade is exactly how i trade..... it's slow, steady, stress free...... but even so, it would be interesting to visit a bank trading floor first hand..... //------ and, from the fwiw department...... regarding my prior post..... 1% on a 7500$ account is 75$ a day.... 375$ a week.... non compounded..... let’s...

Whatever works for you is fine. Personally, I find that targets based on things that I can't control in the main are not helpful, but that's what works for me.

Whatever makes you money is right, nobody has one right way to see things here, that is for sure.

What I would say is that the bad days will come, they come to us all, and don't let the target make you make bad decisions.
  • #395
  • May 3, 2018 8:54am May 3, 2018 8:54am
Quoting Catch-22
{quote} Whatever works for you is fine. Personally, I find that targets based on things that I can't control in the main are not helpful, but that's what works for me. Whatever makes you money is right, nobody has one right way to see things here, that is for sure. What I would say is that the bad days will come, they come to us all, and don't let the target make you make bad decisions.

Simply good advice for all to see. Good stuff.
R:R "Percentage Focus"
  • #396
  • May 3, 2018 6:36pm May 3, 2018 6:36pm
Quoting Catch-22
the bad days will come, .
....... my bad days seem to stay in check by not overstaying my welcome..... baron rothschild was once asked how he became so rich...... he said it was because he always bought late and sold early.....

//-------

speakin of early, what seems to help me is looking this week for next weeks trades..... or for next months trades...... there is usually one pair that stands out above all the others......

so today, i'm reasonably sure what will be traded during next 7 to 10 days .... along with all the metrics of those trades...... shahab8b was probably the best at that line of thinkin...h
to trade and code, keep both simple... no call to impress....h
  • #397
  • May 3, 2018 8:12pm May 3, 2018 8:12pm
Quoting hayseed
{quote} ....... my bad days seem to stay in check by not overstaying my welcome..... baron rothschild was once asked how he became so rich...... he said it was because he always bought late and sold early..... //------- speakin of early, what seems to help me is looking this week for next weeks trades..... or for next months trades...... there is usually one pair that stands out above all the others...... so today, i'm reasonably sure what will be traded during next 7 to 10 days .... along with all the metrics of those trades...... shahab8b...

Great philosophy you operate by, i also believe every person needs some mentor or role model and a plan they stick to no matter what. You have displayed that continuously good stuff.
R:R "Percentage Focus"
  • #398
  • May 4, 2018 5:01am May 4, 2018 5:01am
Quoting hayseed
{quote} ....... my bad days seem to stay in check by not overstaying my welcome..... baron rothschild was once asked how he became so rich...... he said it was because he always bought late and sold early..... //------- speakin of early, what seems to help me is looking this week for next weeks trades..... or for next months trades...... there is usually one pair that stands out above all the others...... so today, i'm reasonably sure what will be traded during next 7 to 10 days .... along with all the metrics of those trades...... shahab8b...

What helps me is a change of focus from opening trades, to trading my way out of trades that I have left. Focusing on getting my account back to a sound setting before making any real extra trades.
  • #399
  • May 4, 2018 6:15am May 4, 2018 6:15am
Quoting Catch-22
{quote} What helps me is a change of focus from opening trades, to trading my way out of trades that I have left. Focusing on getting my account back to a sound setting before making any real extra trades.
Yes a good manager will know how to build, how to train and do just about everything. Be a great follower in order to be a great leader.
Apply the principles below to the strategies and trading concepts you develop and aquire over the years and you will have a great trader or money manager. Hehe... since it is a business, well in my eyes.

 

  1. Organize,
  2. plan,
  3. audit,
  4. make adjustments at control points,
  5. deligate,
  6. know when to dismiss,
  7. know when to hire/ acquire,
  8. know the mission,
  9. know the vision and
  10. establish a succession plan.

Note well: Not everyone is capable of being a manager.

R:R "Percentage Focus"
  • #400
  • Edited May 15, 2018 8:51pm May 4, 2018 9:10am | Edited May 15, 2018 8:51pm
It has come to my attention that there is a scammer lurking in this very thread.

{ personal information deleted by staff, per request }


Total scammer.

If anyone is dealing with him now, please message me now. Thanks.

{ personal information deleted by staff, per request }
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