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500% Yearly Gains?

  • #21
  • Jul 27, 2019 1:42pm Jul 27, 2019 1:42pm
Quoting venividivici
{quote} yes and support resistance levels, bounces and breaks on 1min
Venividivici,

About the support/resistance levels,bounces and breaks, is this the method you still use.

https://www.forexfactory.com/showthread.php?t=608965

Thanks
  • #22
  • Jul 27, 2019 3:11pm Jul 27, 2019 3:11pm
Quoting TradeMinim
{quote} Focus on your trading system's efficiency. (How WELL you can FOLLOW and execute the system) Results is just a by-product of how efficient you are in following your system's rules. Trade safe
Strongly agree with this answer!
The important thing is to work on MY strategy, make it your own, respecting the rules and conditions.
  • #23
  • Jul 27, 2019 3:18pm Jul 27, 2019 3:18pm
Quoting venividivici
500% ? {image}
Very impressive indeed!

$100 starting balance is my kind of territory

Do you mind if I ask you which trading pairs you concentrated on in that success?
  • #24
  • Jul 27, 2019 3:47pm Jul 27, 2019 3:47pm
Quoting TradeMinim
{quote} It's not about the risk and reward. IS your system profitable? That's the first question you'll need to ask yourself.
I bumped into an old co-worker I hadn't seen in a couple of years. He used to trade FX but gave it up and went to Cryptos. We started talking about trading of course and the first thing he asked was: What RR do you use. I told him that I don't look at that sort of thing....he shook his head and said oh boy....

I guess some people are so stuck in right and wrong rules of trading that they can't see past them.
  • #25
  • Jul 27, 2019 4:24pm Jul 27, 2019 4:24pm
Quoting Sc11
{quote} As Alan Greenspan said in his testimony following the LTCM collapse, no matter how skilful the trader, over the longhaul abnormal returns are sustained only through abnormal exposure to risk. I started off with £1000 with an appetite for high risk, but as my account size grows, I'm cutting back aiming for a max drawdown of 20-30% which is part of my trading development. Its difficult to achieve a tight drawdown and a decent return (IMO, multiple times your deposit in a year) but thats the holy grail I guess. In my view, theres no point having...

Do you see Martingale working through his trades?
i guess he is not stuck in following the right and wrong rules of trading.
  • #26
  • Jul 28, 2019 4:07am Jul 28, 2019 4:07am
Quoting OutThere
{quote} I bumped into an old co-worker I hadn't seen in a couple of years. He used to trade FX but gave it up and went to Cryptos. We started talking about trading of course and the first thing he asked was: What RR do you use. I told him that I don't look at that sort of thing....he shook his head and said oh boy.... I guess some people are so stuck in right and wrong rules of trading that they can't see past them.
RR is important, and it comes to play after you understand your trading system! You can tweak it to maximize your trading system's potential and gains. There's no right and wrong in trading, only winners and losers. Trade safe
  • #27
  • Jul 28, 2019 7:52am Jul 28, 2019 7:52am
Guys I believe that RR also depends on which time frame one is trading not so?

If one is trading M1 one can set a moderate TP and a much lower SL

On the flip side, trading M1 is not easy and requires a specialised trading system geared to that time frame
  • #28
  • Jul 28, 2019 8:57am Jul 28, 2019 8:57am
Quoting TradeMinim
{quote} RR is important, and it comes to play after you understand your trading system! You can tweak it to maximize your trading system's potential and gains. There's no right and wrong in trading, only winners and losers. Trade safe
Haha, I hope I understand my systems since I made some of them. It's just not the brew some coffee and sit down and spread blue prints and draw up RR plans kind of thing. I deal with it on the fly and RR becomes kinda dynamic then. To explain to him what my RR is I need to say: It depends and that answer isn't satisfying to someone who wants to hear how I brew coffee and sit down and draw up trading plans starting with RR.

Anyways, nice guy and everything but he told me that he quit FX because he couldn't decide whether to buy or sell and he went to Bitcoin trading cause all he had to do was to buy since Bitcoin had no place to go but up. Lol.....and that is the kind of guy who would need RR planned probably per individual trade cause he is not sure if he should be buying or selling....

To his credit, he said since starting Bitcoin trading (about 5 years) he was up 400% so I guess he is happy with his RR methods.
  • #29
  • Jul 28, 2019 9:14am Jul 28, 2019 9:14am
It is not possible to make 500% gain every year.

It is also not possible to make 40% gain per month every month.

You will experience losses, some times your fault (a bad read), sometimes the markets fault (Black Monday, 9/11, Lehman Bros, Brexit).

Focus on flawless execution of your system that you previously tested with a positive edge.

And cut back on expenses if you have a bad month, rather that withdraw from an account that already had monies withdrawn by a market draw-down. That way you can continue to grow your account with the added benefit of shrinking your waistline from eating less.
Ecclesiastes 1:9
  • #30
  • Jul 29, 2019 1:54am Jul 29, 2019 1:54am
yes it is possible to gain 100% every week . I do it in demo account based on my new strategy ... real account coming up soon.
Attached File(s)
File Type: pdf Statement 40248472.pdf   309 KB | 718 downloads
  • #31
  • Jul 29, 2019 2:22am Jul 29, 2019 2:22am
Quoting 5aztv88
yes it is possible to gain 100% every week . I do it in demo account based on my new strategy ... real account coming up soon. {image}
LOL @demo account....
I only wish good things to you, but won't be too surprised if in real life things play out somewhat differently.
there is always, always another trade!!
  • #32
  • Jul 29, 2019 2:42am Jul 29, 2019 2:42am
Quoting profitfarmer
{quote} LOL @demo account.... I only wish good things to you, but won't be too surprised if in real life things play out somewhat differently.
demo is completly different,at REAL comes out fellings,emotions,and thing change for 1000%,believe im 15 years in fx
  • #33
  • Jul 29, 2019 2:47am Jul 29, 2019 2:47am
Quoting profitfarmer
{quote} LOL @demo account.... I only wish good things to you, but won't be too surprised if in real life things play out somewhat differently.
thank you but the main things most of traders missed is the principle. if your strategy is completely coded ( i mean has rules for step by step) you won't stuck in a feeling . for example if your strategy tells you must pass all N ruels,when those completed why you afraid of trading? plus if you added money management too .
  • #34
  • Jul 29, 2019 2:54am Jul 29, 2019 2:54am
Quoting pridolfx
{quote} demo is completly different,at REAL comes out fellings,emotions,and thing change for 1000%,believe im 15 years in fx
Demo has its value. You can test different systems, learn and develop your system. Discount return max 15% from what you have made. Learn. Thanks and
Regards.
  • #35
  • Jul 30, 2019 8:37am Jul 30, 2019 8:37am
Quoting 5aztv88
yes it is possible to gain 100% every week . I do it in demo account based on my new strategy ... real account coming up soon. {image}
100% per week is awesome.

My guess is you won't be posting much after 6 month or so, as you will already be a billionaire.

Not being sarcastic, just stating mathematics facts. 100 units times 24 weeks = over 1 billion units. Who needs to post after gaining 1 billion in cash?

Hopefully you strategy has been tested over multiple asset classes as most Forex brokers, whether bucket shops or non-dealing desks can't handle that trading units size. You will need to trade in futures which is a different game.
Ecclesiastes 1:9
  • #36
  • Jul 30, 2019 8:50am Jul 30, 2019 8:50am
Quoting newbegger
{quote} 100% per week is awesome. My guess is you won't be posting much after 6 month or so, as you will already be a billionaire. Not being sarcastic, just stating mathematics facts. 100 units times 24 weeks = over 1 billion units. Who needs to post after gaining 1 billion in cash? Hopefully you strategy has been tested over multiple asset classes as most Forex brokers, whether bucket shops or non-dealing desks can't handle that trading units size. You will need to trade in futures which is a different game.
100% per week or 25% per day would be enough if anyone could achieve that for atleast 2 months..i think its somewhat possible but dunno why many ppl not trying it(yeah bit risky)
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #37
  • Edited 9:40am Jul 30, 2019 9:20am | Edited 9:40am
Quoting vijiragavan
{quote} 100% per week or 25% per day would be enough if anyone could achieve that for atleast 2 months..i think its somewhat possible but dunno why many ppl not trying it(yeah bit risky)
Wow, you guys are way too advanced for me so I will stay out of this. The OP was asking question about making 500% yearly gain and you and 5aztv are making 5,000%. I will stay silent now.

Edit - Sorry, my bad - I meant to say you guys are making 1,000%. Honest mistake when you are in the amazement.
Ecclesiastes 1:9
  • #38
  • Jul 30, 2019 9:22am Jul 30, 2019 9:22am
Quoting newbegger
{quote} Wow, you guys are way too advanced for me so I will stay out of this. The OP was asking question about making 500% yearly gain and you and 5aztv are making 5,000%. I will stay silent now.
lol ok...i am not.. i am new to forex
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #39
  • Last Post: Edited 4:40am Jul 31, 2019 1:31am | Edited 4:40am
Quoting MoneyEyes
{quote} Before I took time off from trading, I was doing about 3-4 trades per week. Assuming I win 50% and risk 2.5% to make 5% (1:2 R/R), I’d assume that’s good numbers to go on. Drawdown of 25%.

What people does NOT understand is there is no "3-4 trades per week" formula. Never! Of course you can have 3-4 trades per week, if you indeed are willing that, but not all "3-4 trades per week" will fullfill your conditions to be taken as low risk trades.
Nowhere in this world you can have "3-4 trades per week" because there are cycles. As in real life the profit is NOT liniar in business,same in trading, it is a novice mistake to say "I will have 3-4 trades per week and voila! I can make 10%, 20-50% monthly." No! You can't make such amount monthly. The truth is NOBODY know the outcome. You can make this month 1% and the next month 3% with third month for 12%. If you are forcing to have "3-4 trades per week" , then some of them will be high risk. And your profit will be dramatically affected. When your profit is afected, your discipline is trembling and NATURALLY you are exposed to make more mistake because you are unconfortable with the tought "I lost, I must recover, I should have 3-4 trades per week, I must have 20% profit Monthly". And you open another trade, and force the things and then the mistake appear and with mistake , the disaster.

"3-4 trades per week" do you understand now?
Money moves the market, not an indicator.
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