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

  • #521
  • Apr 23, 2019 10:47pm Apr 23, 2019 10:47pm
very simple, if you don't know, ask those who know better, namely the mentor.
  • #522
  • Edited 8:46am Apr 24, 2019 1:34am | Edited 8:46am
Quoting hayseed
{quote} //------ hey prince...... nafa's ridiculous no hedge and fifo rules have made that an impossibility here in the states..... when trades could stand on their own, independent of any other, you could delve into the numbers and derive something of value....... those days are gone with the wind, as they say...... even so, we still have a very true shot at successful technical trading.... trust and realistic lot size is all we need......h
Yes:
Plan-Systematic way
Patience
Discipline
Consistency
Money Management
R:R "Percentage Focus"
  • #523
  • Apr 26, 2019 8:53am Apr 26, 2019 8:53am
Quoting PrinceJ58
exploring the profits zone,
//------

hey prince..... a major road block for many it seems is the insistence of making forex a full time job...... when it usually should be casual income......

if more would settle for less, more would end up with more......

how many would settle for daily target rate of 2$ on a 500$ account..... 0.4 %...... that 2$ would only be casual income...... hardly worth our time......

if we look out 10 years, that seemingly casual income works out to something quite else.......h
to trade and code, keep both simple... no call to impress....h
  • #524
  • Apr 27, 2019 10:19am Apr 27, 2019 10:19am
Quoting TiongeEdi
very simple, if you don't know, ask those who know better, namely the mentor.
But as you know; mentors are not available here and there!
  • #525
  • Apr 27, 2019 10:23am Apr 27, 2019 10:23am
Quoting NeilWagner
{quote} But as you know; mentors are not available here and there!
always takes less effort to find excuses than solution....just saying.... nothing personal.
there is always, always another trade!!
  • #526
  • Apr 27, 2019 12:53pm Apr 27, 2019 12:53pm
You could make money everyday during the time of floor traders. You will basically scalp the market for quick small pips all day long. Unfortunately humans have been competed out of that approach with the rise of algorithmic trading. You will be a hell of a genius to be faster than a super computer. Today you can make it but your records will be volatile.
When you see it, BET big.
  • #527
  • Apr 29, 2019 11:38am Apr 29, 2019 11:38am
Quoting hayseed
{quote} //------ hey prince..... a major road block for many it seems is the insistence of making forex a full time job...... when it usually should be casual income...... if more would settle for less, more would end up with more...... how many would settle for daily target rate of 2$ on a 500$ account..... 0.4 %...... that 2$ would only be casual income...... hardly worth our time...... if we look out 10 years, that seemingly casual income works out to something quite else.......h
Unless there is no other means of income, most will be tempted to aim for more, that target which you have mentioned would yield a steady positive on the equity curve. Funnily it may sound like an easy target at first glance but doing it consistently is another thing, which is way better than the institutional compensation for the same investment or savings account. So I think if there is no satisfaction on the output one should only strive to increase the balance through deposit, in return such activity increases the monetary value of the same percentage.
R:R "Percentage Focus"
  • #528
  • Apr 29, 2019 11:43am Apr 29, 2019 11:43am
Quoting NeilWagner
{quote} But as you know; mentors are not available here and there!
They exist everywhere, it just depends on your extraction capabilities to shift through the clutter. In this type of arena people have to be very careful with financial discussions, since everyone's understanding and application will differ based on exposure and comfort levels where risk appetite is concerned. Law suits are also a common result to misinterpretation or misfortune. Nevertheless good institutions do exist in the markets place where people actually learn to be productive in their application to the financial markets whether solo or in group settings. I hope overtime you will see through the rubble to find that gem of a mentor.
R:R "Percentage Focus"
  • #529
  • Apr 29, 2019 11:59am Apr 29, 2019 11:59am
Quoting PrinceJ58
{quote} They exist everywhere, it just depends on your extraction capabilities to shift through the clutter. In this type of arena people have to be very careful with financial discussions, since everyone's understanding and application will differ based on exposure and comfort levels where risk appetite is concerned. Law suits are also a common result to misinterpretation or misfortune. Nevertheless good institutions do exist in the markets place where people actually learn to be productive in their application to the financial markets whether...
  • #530
  • Apr 29, 2019 12:45pm Apr 29, 2019 12:45pm
Quoting profitfarmer
{quote} always takes less effort to find excuses than solution....just saying.... nothing personal.
Most keep solutions personal while problems and excuses are made public. Personal opinion...
R:R "Percentage Focus"
  • #531
  • Apr 29, 2019 12:49pm Apr 29, 2019 12:49pm
Quoting dicojoxaftr
{quote}
R:R "Percentage Focus"
  • #532
  • Apr 29, 2019 12:52pm Apr 29, 2019 12:52pm
Quoting Rennaissance
You could make money everyday during the time of floor traders. You will basically scalp the market for quick small pips all day long. Unfortunately humans have been competed out of that approach with the rise of algorithmic trading. You will be a hell of a genius to be faster than a super computer. Today you can make it but your records will be volatile.
Doesn't it depends on your edge?
R:R "Percentage Focus"
  • #533
  • Apr 29, 2019 1:13pm Apr 29, 2019 1:13pm
Quoting PrinceJ58
{quote} Most keep solutions personal while problems and excuses are made public. Personal opinion...
sure, agreed. more, the access for "solutions" isnt a universal right, and never had been, nor will be.
however, having problems are universal issue.
then one's own choice to tackle them somehow, or whine about it, or make excuses when some "solution" presented.

take the above example:
"solution" offered: find a mentor...
there is probably more than a handful of options just in this forum, free or paid...yet and excuse what offered: "mentors are not available here and there!"
fresh offer to solve problem?
look harder!

do you think he will?
do you think he will find a mentor?
do you think he stand to succeed on the long run if cant complete a moderately difficult task?

ps. still only personal opinion, of course.
there is always, always another trade!!
  • #534
  • Edited 1:52pm Apr 29, 2019 1:36pm | Edited 1:52pm
Quoting profitfarmer
{quote} sure, agreed. more, the access for "solutions" isnt a universal right, and never had been, nor will be. however, having problems are universal issue. then one's own choice to tackle them somehow, or whine about it, or make excuses when some "solution" presented. take the above example: "solution" offered: find a mentor... there is probably more than a handful of options just in this forum, free or paid...yet and excuse what offered: "mentors are not available here and there!" fresh offer to solve problem? look harder! do you think he will?...
Personal thought is that the best mentor is a systematic logging of ones actions in a journal which over time can be the best teacher of your pitfalls or success, if you consistently do it properly. Remove the randomness in trade execution by being statistically inclined to act based on screen time research.

Random question or lets consider it hypothetical:
What if you had a system that triggered two trades everyday on one asset with stoploss based on atr of the asset for both short and long directions, eventually there will be a profit. What are the likely chances of the price moving away from entry zone especially on volatile assets.
R:R "Percentage Focus"
  • #535
  • Apr 29, 2019 2:06pm Apr 29, 2019 2:06pm
Quoting PrinceJ58
{quote} Yes: Plan-Systematic way Patience Discipline Consistency Money Management
</p>
<

Good stuff.

You forgot knowledge.

And idea WHEN NOT to trade.

🍻🍻🍻👍👍

And yes, the sick rules in USA totally screw traders.
Beware of robber banks (RB), bad advisors.
  • #536
  • Apr 29, 2019 2:36pm Apr 29, 2019 2:36pm
Quoting Not-KPMG
{quote}</p> < Good stuff. You forgot knowledge. And idea WHEN NOT to trade. And yes, the sick rules in USA totally screw traders.
Good thanks for pointing that out...
R:R "Percentage Focus"
  • #537
  • Apr 30, 2019 6:54am Apr 30, 2019 6:54am
Quoting PrinceJ58
{quote} They exist everywhere, it just depends on your extraction capabilities to shift through the clutter. In this type of arena people have to be very careful with financial discussions, since everyone's understanding and application will differ based on exposure and comfort levels where risk appetite is concerned. Law suits are also a common result to misinterpretation or misfortune. Nevertheless good institutions do exist in the markets place where people actually learn to be productive in their application to the financial markets whether...
Mate; my point was on good mentor only. Not so called Forex mentors.
  • #538
  • May 1, 2019 5:43am May 1, 2019 5:43am
Quoting NeilWagner
{quote} Mate; my point was on good mentor only. Not so called Forex mentors.
Okay, noted.
R:R "Percentage Focus"
  • #539
  • May 3, 2019 3:21am May 3, 2019 3:21am
its a dream of all traders. 3-4% per day. i tried for 5-6 years, but i never discover something to do it. making 1-2% per month is possible, but if the account is about 10-40k dollars, isnt better to work with a salary??
  • #540
  • May 20, 2019 3:53am May 20, 2019 3:53am
Quoting PrinceJ58
{quote} Okay, noted.
Thank you! In addition, I believe, good mentors are not available here and the.
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