Profit 1% a day 300 % a year | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Profit From Profit-Taking —Scalping the Session Close 21 replies

What do you think about 300-500% annual profit? 29 replies

Would you take profit with 500pips profit or? 26 replies

Would you take profit with 500pips profit or? 3 replies

Profit 1% a day 300 % a year

  • #61
  • Sep 1, 2006 10:22am Sep 1, 2006 10:22am
mrmikal is right on point. The first consideration a new trader should make is, not how much they can gain but how much they can lose.

1%/day over a year starting with $1000 becomes about $9000. Not bar for a newbie, also not very likely. It happens sometimes but we all pay in the end. Pay with money and pay with time (experience). If we stay at it and learn from our mistakes some of us are around for a 2nd year, 3rd year etc.

If you are truly looking to trade forex, consider all the other factors (technical/fundamental, time frame - scalp vs day-trade vs swing trade, automated vs discretionary. self-directed vs money management) and then developing a trading plan before you worry about how much you can make.

I have done it and I am sure almost all new traders have had that same thought initially at the start.
  • #62
  • Sep 1, 2006 11:50am Sep 1, 2006 11:50am
Quoting SunTrader
mrmikal is right on point. The first consideration a new trader should make is, not how much they can gain but how much they can lose.

1%/day over a year starting with $1000 becomes about $9000. Not bar for a newbie, also not very likely. It happens sometimes but we all pay in the end. Pay with money and pay with time (experience). If we stay at it and learn from our mistakes some of us are around for a 2nd year, 3rd year etc.

If you are truly looking to trade forex, consider all the other factors (technical/fundamental, time frame - scalp vs day-trade vs swing trade, automated vs discretionary. self-directed vs money management) and then developing a trading plan before you worry about how much you can make.

I have done it and I am sure almost all new traders have had that same thought initially at the start.
Thanks for the Startegy road map.
I am a kind of decided Technical + Scalp + Autoamted but not sure about self-directed vs money management.
From you exprince. Do you think all those startegy pices are in harmony ?
Please, Advice.
  • #63
  • Sep 1, 2006 5:28pm Sep 1, 2006 5:28pm
This is about the most convoluted thread I have read to date...

Can a trader make 300% in a year?
Yes, I have had two 300% MONTHS this year.
(50:1, live, 5 figure account. To address that subject.)

Can you do it as a neophyte trader?
A snowball has a better chance in hell.
Expect that you will lose money until it can be proven otherwise.

Can x variable combined with y variable lead to z returns per year?
How should we know what your system is capable of? Why not just try it and see how you do.

Can a trader make 1% every trading day?
I have never heard of one, but anything is possible.

Was it really necessary to have 5 pages of discussion about these simple questions?
Probably not...
  • #64
  • Edited 6:14pm Sep 1, 2006 6:13pm | Edited 6:14pm
DS, excellent post... nice and concise

but it makes me curious.. mind if I ask...

1) how much are you up since the start of the year?

2) what were your %s for your negative months (if any)?

Quoting Darkstar
Can a trader make 300% in a year?
Yes, I have had two 300% MONTHS this year.
(50:1, live, 5 figure account. To address that subject.)
  • #65
  • Sep 1, 2006 6:27pm Sep 1, 2006 6:27pm
Quoting Darkstar
This is about the most convoluted thread I have read to date...

Can a trader make 300% in a year?
Yes, I have had two 300% MONTHS this year.
(50:1, live, 5 figure account. To address that subject.)

Can you do it as a neophyte trader?
A snowball has a better chance in hell.
Expect that you will lose money until it can be proven otherwise.

Can x variable combined with y variable lead to z returns per year?
How should we know what your system is capable of? Why not just try it and see how you do.

Can a trader make 1% every trading day?
I have never heard of one, but anything is possible.

Was it really necessary to have 5 pages of discussion about these simple questions?
Probably not...
Nice one DS.

Wait till it's resolved and then post your "Definitve" response.

New Rule Suggestion. As A New Member, If you have not recieved what you believe to be "The Answer" within 'X' replies, the thread will be closed.

btw DS. for your info. on my system it is only 1.5 pages long.
You may want to review your User CP settings.
  • #66
  • Sep 1, 2006 7:23pm Sep 1, 2006 7:23pm
I think the 1% a day average is possible with a good system. I am averaging 8% weekly return with a simple break out system. This week was 11% little higher then normal.

Gerald - fullauto
  • #67
  • Sep 1, 2006 8:14pm Sep 1, 2006 8:14pm
8% weekly return if one started a new year with $1,000 account becomes close to $55,000 by year end. Impressive if it is actual results and you can keep it up. If anyone reads Futures magazine it shows some of the best traders averaging something like 20/30% for any particular year and most of the top positions on their list change year to year. Anytime you are in double digits for the year you are doing something. 0.5 to 1.0% monthly compounded is double digits. Trading is a not an alternative to hitting the Lottery. There is nothing wrong with trying to obtain as much as can be expected out of each trade. The problem is trying to reach for more than it will give you or more than your account (size) can generate.
  • #68
  • Sep 1, 2006 8:49pm Sep 1, 2006 8:49pm
Quoting Houd
Thanks for the Startegy road map.
I am a kind of decided Technical + Scalp + Autoamted but not sure about self-directed vs money management.
From you exprince. Do you think all those startegy pices are in harmony ?
Please, Advice.
Houd,
As I stated earlier, planning on a percentage gained is not a plan, at least in forex. Nor is there a "strategy road map" for the forex beginner. Instead of "road maps," and "1% gained" think in terms of stages. The forex trader goes through stages of growth. You are in the first stage which is The "Wow!" stage. In this stage the new forex trader has been bitten by the forex bug and is caught up in the excitement of it. After trading a while the new forex trader enters The "Shock" stage. This is the stage where the new trader says, "I'm losing money! This is harder than I thought." There are other stages of growth I won't go into here.

Important - you can't skip a stage. Every trader goes through them. The most successful traders are persistent till they make it to the last stage. It's like a mother with child. You can't skip to the end.

So what's next for you. Not looking at "percent gained."
Trade, demo, trade, read, trade, go to FFforum, trade, lose money, trade, go live, trade, keep a journal, trade, trade, trade, trade, wake up and trade, eat, trade, sleep, trade, trade, trade, trade. You have to emerse yourself in forex at the beginning if you're going to get through the first stage. Some traders stay a long time in the first stage. The more you emerse yourself in forex trading the faster you'll go through the first stage.

By the way "money management" refers to how you determine how much of your money to trade. Money Management is a major ingredient in the "the risk vs. reward equation."

Master risk vs. reward and you'll master forex.

"May your pips have grandchildren"
  • #69
  • Oct 22, 2006 4:35am Oct 22, 2006 4:35am
Quoting hondakorn
I wouldn't set a specific #....I think that patience and planning will help u achieve whatever goal you are looking for...
Very good suggestions...thanks for sharing!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #70
  • Oct 23, 2006 7:32am Oct 23, 2006 7:32am
Quoting SunTrader
8% weekly return if one started a new year with $1,000 account becomes close to $55,000 by year end. Impressive if it is actual results and you can keep it up. If anyone reads Futures magazine it shows some of the best traders averaging something like 20/30% for any particular year and most of the top positions on their list change year to year. Anytime you are in double digits for the year you are doing something. 0.5 to 1.0% monthly compounded is double digits. Trading is a not an alternative to hitting the Lottery. There is nothing wrong with trying to obtain as much as can be expected out of each trade. The problem is trying to reach for more than it will give you or more than your account (size) can generate.

I think that hte problem here, with the OP, is that he is going about this backwards. Instead of trying to get 1% a day, try to get 1 good trade a day. If you can make good trades more often than not, your 1% will follow.
So far so good.
  • #71
  • Oct 23, 2006 8:28pm Oct 23, 2006 8:28pm
Now that would make sense and eventually dollars but some would rather talk in terms of percent. As you say it is wiser to think in trading right rather than the money involved.
  • #72
  • Oct 6, 2009 5:32pm Oct 6, 2009 5:32pm
Quoting Bemac
I'm sorry guys but I just don't get this "x"% / Day target.

I know a few of my most recent posts to the board have been, shall we say, rather cryptic. So on this point I will try to be more direct.

I have mentioned before that while Training New Traders I gave them a Daily Desk Limit. Win it or Lose it and your day is done. No More Trading. Review the day.

That was fine in the very early days of their Trading as it was intended not so much to put a Limit on their Gains/Losses but more to put a limit on how long...

Just a big thanks for this! You don't know from how much looses saved me, even I don't know
I want to buy PATIENCE
  • #73
  • Last Post: Oct 6, 2009 5:46pm Oct 6, 2009 5:46pm
Quoting Houd
Hi,
I am posting this thread for the scond time.
I got one reply.But this is very imoortant to get more opnions.

Do you think some one could have 1% profit in average?
Example: - One could start with $ 10K and after year, he gain $ 45K and lost $ 10K so the net gain is $ 35K means 1% profit a day.
[color=black]Do you think this Example is artificial and impossible to get?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office"...


1. 10K+45K-10K= 45K
2. 10K-10K=Go home

It depends which one of the above two happens first.
The Thief of Wall Street
1 trader viewing now