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

  • #461
  • Sep 12, 2018 8:08am Sep 12, 2018 8:08am
Quoting Rennaissance
{quote} A clear insane and unrealistic dream. It's impossible to make money like this in the markets. You will have losing days and winning days.

  1. Maybe truly seen as insane for some but not for the man milking the markets in his pajamas before the sun comes out.
  2. Dreams are targets not realized, dreams can become a reality once properly approached.
  3. Yes i agree about losing trades, days, and winning days but clearly you did not read postings made before you took your precious time to share your thoughts.
  4. If you can create the spreadsheet that can account for the losses that would be greatly appreciated otherwise it's not wise to judge based on just your own experience, a room of 10 traders using the same system can all experience different results based on their approach, psychology and overall experience.

One advice i may give is to try to stick to one strategy for more than 6 months and review it whether daily or weekly,both the bad results and the good results.

  1. There is a plus especially if you have it automated where there will be no human intervention causing errors or delay in execution. You will find that as the weeks go by, one will observe something new each and every time, especially if you know what is needed.
  2. A life Changer is if you incorporate the use of a journal to jot down the favourable conditions or settings as well as those moments you dislike and would happily live without. With the journal the settings and conditions that were favourable may become the only conditions you will eventually seek to take advantage of otherwise known as the sweet spot.
  3. This recorded information versus memory (brain) will eventually give you an edge rather than the first time you started without long enough experience on the strategy. At that stage you will probably view things from a different perspective, where you been through the different conditions of the market.

Note Well, the style of trading should be understood by you inside out, while using the right broker, with spreads, market maker versus STP or ECN so that you will have the necessary conditions to function properly. When you know what the mission is and what is being targeted, you will be able to aim better.
Once any changes takes place you can pick it up and make adjustments as the need arise. You may find that some assets may not work well while others are on point, you may find that unfavourable entries are taking place at a certain time based on increase in spreads. You may find that you are trying to scalp with too large a spread size. There are many variables that can be put on the table, I personally don't know everything, but the little i know is good enough for me. I wish everyone success, everyone will not experience it, so talking and sharing about things that can help make the journey easier or more clearer can help even one person.

R:R "Percentage Focus"
  • #462
  • Sep 12, 2018 8:11am Sep 12, 2018 8:11am
Quoting Rennaissance
Off course you can use the Martingale approach if only you are ready for the occasional but rare blow up.
All decisions depends on the individual and the system they are using, not because i don't go for it personally does not mean it will not work, probably i am just not that much into blowing up accounts. So i would avoid conditions which may lead to such routes in my books.
R:R "Percentage Focus"
  • #463
  • Sep 12, 2018 9:03am Sep 12, 2018 9:03am
Instead of focusing On what percent you make... Focus on your edge...
Once you have an edge and can win consistantly... Then you can ramp up your leverage a little.
Most traders looking for riches, don't have edge yet.
I can tell by some of the joined dates.. that they playing big too soon...
The only system that will work is one designed by and for yourself.
  • #464
  • Sep 12, 2018 9:13am Sep 12, 2018 9:13am
Quoting bloodpoodle
Instead of focusing On what percent you make... Focus on your edge... Once you have an edge and can win consistantly... Then you can ramp up your leverage a little. Most traders looking for riches, don't have edge yet. I can tell by some of the joined dates.. that they playing big too soon...
I agree with this man.
Especially S/R. S/R the fatal factor of forex chart.
Profit growth tells you the trader ability.
  • #465
  • Sep 12, 2018 9:53am Sep 12, 2018 9:53am
Quoting bloodpoodle
Instead of focusing On what percent you make... Focus on your edge... Once you have an edge and can win consistantly... Then you can ramp up your leverage a little. Most traders looking for riches, don't have edge yet. I can tell by some of the joined dates.. that they playing big too soon...
Yes and the comments and thoughts do shout that fact out loud...
When I started my journey in the risk aspect of this business...all my mentors and buddies said focus on how much you risk, keep it in check like a system and the rest will be easy. You see i could build my own concepts and get large increases but I had a risk cancer that ate away at the accounts no matter what, a lot of persons have this trading cancer and are not aware.
Until that day it finally clicked I now know that I was risking way too much for many of the accounts i had and now my whole outlook on trading or investing is totally renewed.

 

  1. A lot of persons fail because of the lack of risk management associated with the business.
  2. When you know your risk, you know how much you have to capture to keep in the positive for the long term.
  3. In order to achieve this you have to know the winrate of your system and how far it will go on the positive side versus the negative side of things to gauge you R:R properly.

That edge I try to hone every weekend through the review session. I keep my stone wet and ready for sharpening during the week, so the edge never goes dull. Whether it is reading more material for more education or observing, the function of the system being used.

R:R "Percentage Focus"
  • #466
  • Sep 13, 2018 7:42am Sep 13, 2018 7:42am
Quoting PrinceJ58
{quote} Yes one would create their personal rules as to what works for their system and needs from the action. When you review each session or week it tells you what works and what doesn't. Left to the brain to remember is not good enough, treating it like a business report, thinking with a mindset as though you are meeting with the board of a multi million dollar company makes a big difference with approaching each day and week.
Personal rules are a good idea, but they are not enough in my opinion. I think it is also important to have a set trading plan, and if you're looking to employ the recovery method it should be a part of that trading plan.
  • #467
  • Sep 13, 2018 7:54am Sep 13, 2018 7:54am
1-3% per day everyday--nope, however getting a statistical 3% per day once profits are averaged out then yes.
Dragon Rider
  • #468
  • Sep 13, 2018 7:56am Sep 13, 2018 7:56am
Quoting dianajs
{quote} Personal rules are a good idea, but they are not enough in my opinion. I think it is also important to have a set trading plan, and if you're looking to employ the recovery method it should be a part of that trading plan.
Exactly, it is just that I do not want to be specific with any particular type of strategy which would defeat the purpose of the thread.
It is just the concept of working with a systematic plan which should account for losses, recovery and profits in a percentage based manner so one avoids bombing up their own accounts over and over. Which means poor management on the risk side of the trader.
Should one know the performance of a strategy, one can adjust certain parameters to cater to the concept in a way that can allow your account to grow on a steady path upwards rather than violently in a risky way.
If today fails tomorrow should be a winner, if this week is a loser next week should be a winner. Otherwise there is no edge in the system being used.
R:R "Percentage Focus"
  • #469
  • Edited 8:50am Sep 13, 2018 8:04am | Edited 8:50am
Quoting barloc
1-3% per day everyday--nope, however getting a statistical 3% per day once profits are averaged out then yes.
Thanks for your comments, the title cannot be change, however everyone speaks on behalf of their personal experience. I mentioned in other postings that even though it says per day, it can be per week or whatever a trader uses to capture his trading session whether it is segment by days, weeks or months. It doesnt mean it has to be a day. In the beginning there is also a pole that starts at 0.5% and above 5%, Some persons might have selected what their ideal goal might be while others selected what they are experiencing.

It's just an interesting topic that most time is neglected and it's one of the main reasons why traders and investors fail, they want to be rich by weekend and risk too much. However if you have a target working with that is easy to attain, the task becomes lighter. What if you only need 10 pips to make a easy target of 1% but your system gives anywhere between 30 and 60 pips Per winning trade, that gives you an edge when you can put your stoploss at your target and trail the rest as bonus for a day you experience losses you would still be on target.
R:R "Percentage Focus"
  • #470
  • Sep 13, 2018 9:10am Sep 13, 2018 9:10am
Quoting PrinceJ58
Greetings everyone on start up of this trading discussion traders were excited with the mere thought of earning by attractive percentages without thinking about the risk associated with it. For years of trading one will eventually learn that the risk is most important. All trading systems come with a measure of risk. The levels of knowledge and varying expertise in the financial market here on forex factory, offers the necessary information to make profitable traders. It is also possible to formulate a system for traders to consistently make 1%...
Hi!
It is not that difficult to achieve a 2 to 3.5% a day. You just need strict discipline to only achieve that and not get carried away to want even more. That is ultimately why most traders fail. Have an objective and only aim for it. I have attached a spreadsheet with percent projections. It auto calculates based on the starting capital and percentage chosen by the trader. It is really a handy tool. I hope it will help a lot of traders that lack direction and guidance when it comes to setting an objective/target, be it monthly,daily or weekly.

All the best
Attached File(s)
File Type: xlsx Projections (Trading Targets).xlsx   13 KB | 481 downloads
  • #471
  • Sep 13, 2018 10:10am Sep 13, 2018 10:10am
Quoting Conti000
{quote} Hi! It is not that difficult to achieve a 2 to 3.5% a day. You just need strict discipline to only achieve that and not get carried away to want even more. That is ultimately why most traders fail. Have an objective and only aim for it. I have attached a spreadsheet with percent projections. It auto calculates based on the starting capital and percentage chosen by the trader. It is really a handy tool. I hope it will help a lot of traders that lack direction and guidance when it comes to setting an objective/target, be it monthly,daily or...
Thank you so much for your input could you explain the first lot sizing section, Which has 0.40 in 1st column then 3% then incremental size of 0.01. I thoughtit would have change according to the starting balance.

Good stuff though, it is really nice of you to share with us...
R:R "Percentage Focus"
  • #472
  • Sep 13, 2018 11:14am Sep 13, 2018 11:14am
its hard to earn consistent percentage per day. I have been trading for 10 years and what I have learned is that don't count your eggs until they are hatched. Just be disciplined and trade your strategy. You will have losing days but this is where you will be tested if you can be a successful trader.
  • #473
  • Sep 13, 2018 11:42am Sep 13, 2018 11:42am
Quoting Robotmike
its hard to earn consistent percentage per day. I have been trading for 10 years and what I have learned is that don't count your eggs until they are hatched. Just be disciplined and trade your strategy. You will have losing days but this is where you will be tested if you can be a successful trader.
That's right, as long as something is made and the equity curve grows over time, all is well. Thanks for your qualified thoughts and beliefs. No more needs to be said from my side... nice results on your performance...If that's a robot that's great keep up the good work it will be a inspiration to those aiming for successful times ahead.
R:R "Percentage Focus"
  • #474
  • Sep 13, 2018 3:40pm Sep 13, 2018 3:40pm
All we need now is a system to help us earn that 1-3%
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #475
  • Sep 13, 2018 5:50pm Sep 13, 2018 5:50pm
Quoting OddReality
All we need now is a system to help us earn that 1-3%

https://www.forexfactory.com/showthread.php?t=236210

This method

Thread a decade old and thread starter still posts.

He makes 3 percent per day all proven,and stated he trades with several thousands lot size on the thread

Learn and get rich. Its all here.
  • #476
  • Sep 13, 2018 10:43pm Sep 13, 2018 10:43pm
Quoting goose4
{quote} https://www.forexfactory.com/showthread.php?t=236210 This method Thread a decade old and thread starter still posts. He makes 3 percent per day all proven,and stated he trades with several thousands lot size on the thread Learn and get rich. Its all here.
um, what is wrong to stay with the facts?
looks like nowadays
8 years = a decade
self made statement online = proof

PS. the method can be great. but hardly anything proven there, with 0 posters in the last few pages ( if ever?) posting a losing trade (maybe it is 100% win all the time?) and 0 posters has any evidence/proof to a TE or myfxbook, or whatever.
all is well, and all is entitled to their beliefs. but beliefs arent equal proof. nowhere. trading included.
there is always, always another trade!!
  • #477
  • Sep 13, 2018 11:00pm Sep 13, 2018 11:00pm
Quoting profitfarmer
{quote} um, what is wrong to stay with the facts? looks like nowadays 8 years = a decade self made statement online = proof PS. the method can be great. but hardly anything proven there, with 0 posters in the last few pages ( if ever?) posting a losing trade (maybe it is 100% win all the time?) and 0 posters has any evidence/proof to a TE or myfxbook, or whatever. all is well, and all is entitled to their beliefs. but beliefs arent equal proof. nowhere. trading included.
Soo true
You win some you loose some do both with peace of mind
  • #478
  • Sep 14, 2018 3:54am Sep 14, 2018 3:54am
Quoting goose4
{quote} https://www.forexfactory.com/showthread.php?t=236210 This method Thread a decade old and thread starter still posts. He makes 3 percent per day all proven,and stated he trades with several thousands lot size on the thread Learn and get rich. Its all here.
if you really believe your text , its easy to scam and cheat you.

there is nothing proven, simple ema method like many used and lost.

you should try first, what you speak about.
  • #479
  • Sep 14, 2018 6:47am Sep 14, 2018 6:47am
Quoting PrinceJ58
{quote} Exactly, it is just that I do not want to be specific with any particular type of strategy which would defeat the purpose of the thread. It is just the concept of working with a systematic plan which should account for losses, recovery and profits in a percentage based manner so one avoids bombing up their own accounts over and over. Which means poor management on the risk side of the trader. Should one know the performance of a strategy, one can adjust certain parameters to cater to the concept in a way that can allow your account to grow...
I really could not have put it better. Having a plan is essential to good trading. If one just trades impulsively (and that includes revenge trading) mistakes are bound to happen.
  • #480
  • Sep 14, 2018 8:12am Sep 14, 2018 8:12am
Quoting dianajs
{quote} I really could not have put it better. Having a plan is essential to good trading. If one just trades impulsively (and that includes revenge trading) mistakes are bound to happen.
Yeah but this is exactly the kind of fantasy which makes sticking to the plan so difficult. I don't think it's possible to outperform without volatility. You will be in drawdown mode most of the times, I don't care how you cut it. Probably around 70-80%. You will spend days in drawdowns, sometimes weeks and even a couple of months occasionally.
When you see it, BET big.
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