40% Per Month on Equity - share past experiences

Actually you can add trade explorer with your broker platform. But hey, you don't need to prove me anything.. It is just that I have seen this kind of statements for years and most of the people gets offended when asking for proofs.

But you are not trying to sell anything, so it's fine tho

Good for you if you can do 5% on a daily basis.. thats huge.. I am trying to do 5% a month xD

GMD

well,the problem is that not all 5% are created equal.
I'm a day trader. I do have no other job,but trading.As I mentioned above my objective is to get 3 trades a day 10-12 pips and it's not that difficult to risk about 2% on each to get about 5%.Of course not all days are same.Some days I get only 2% and some 10-12%.
I need to add,that I'm trading 4 digit account.I'm not sure,if I'd be able to this on higher account. That's different psycho game'
Let me ask you,what are you doing to get your 5% per month?

Well, 5% a month is my goal, but I am still struggling with it if I must be honest. But I think my problem is not "strategy" related, but more like psychology related. I normally use Monthly, Weekly charts to find Trend/momemtum or a range in price.. and Daily chart to entry.. I dont take more than 5-6 trades every month.

Yeah, I always thought day traders probably manage low capital, since it must be very stressfull to deal with huge capital trades every day..

Regards,
GMD

5% a month ,check my posts here https://www.forexfactory.com/showthr...2#post12752562.

Yore right,hardest and most important part of trading is psychology.It cannot be learn in courses,it only comes with experience.
I don't trade 4H TF and daily now,because they required lot of capital to make money for monthly living expenses. I use to do it,but I had to pull some resources from market for something else and one day I might return.Now I'm comfortable on 5M TF and scalping.
However,I don't know what is your MM strategy,but I think,that 5% and 5-6 trades monthly on 4H TF is pretty low.

40% per month? Interesting. I can get that with the system i use BUT NOT EVERY MONTH and i dont like to have percentage target when trading because it will affect my psychology somehow. Sometimes i trade just in 3 days, 5 trades, and get one digit % in that month, like this month i got 2.4%. Should i rush my trading session to get 40%? No, because i will likely to lose 40% if i try. Stick to your plan, stick to your strategy. when you get 2%, accept it. If you get more than that let's say 25%, it is a bonus, take 2% of it and let the remaining 23% as a cover when you get a loss month. this management will help you to survive unexpected movement of the market.

As a full time trader. Me, myself, always think of this business like owning a local business. i don't start a local business from $10 and expect it to compete with starbucks in a month. I open my first shop ( one pair trading), take profits and open more shops, so when a shop is in a loss, other shops profits will cover it.
Risk management is number one in business.

May i ask you if your target is 40% a month, how much % are you risking?

Road to Trading for a Living

You can risk 1% of your equity to make 5% a day. What you need is put your butt in front of monitor and find 5 trades of 10+2 pips or 20 trades of 5+2 pips on 5M TF and it's very conservative risk.( Those +2 pips I count for expenses.)
I prefer 2 or 3% risk,so I need less trades. MM and psychology is vert important. SL of 10 pips is hard set for price spikes and it's rarely hit.I'd rather close trade in 2pips profit,then let it hit SL.
It's doable on 4 digits account.Never tried on bigger account.

I trade very aggressively.
I usually use 70% of my account and my system allows this type of trading.
There are very strict entry and exit rules.
20-30% per month is very realistic.
it works for me.

wow army. saw this thread and the time you posted it was the time i started this 40% experiment of mine so i'm gonna tell you my experience.

Was working on this trading plan last year, and started January 1st '20. My plan was this exactly, a 35% steady average return per month.

I made my trading system, and my own indicators, tested it around 6 months last year and everything looked good.

So i start live. First 3 months i did have an average of around 2% per day trading all working days and everything looked ok. January i got a bit over 50%. But then my system's weakness showed.

I only focused on the technical part, making my indicators etc, and never got into strict money management, i thought i'll do it on the fly. stray too far from target, i'll manually close. no biggie. But then this corona virus story hit around march. I was not used to trade on these conditions. i still traded ok, again around 2%, trying hard to be careful and not make any mistakes. Then April came.

Human error hit, and it hit hard. Bad analysis(have to do it manually and it is complex), bad judgement, and big volatility. These 3 happened and i took heavy loses.
You know how you get mentally blocked on closing a trade.. And it is so easy to make a bad judgement on a bad day. I was used on not making any mistakes and not having any real loses. I did have a few loses but i also had more than 1500 trades on around one year of testing. "nooo biggy" and "its cool" i thought. So i make the mistake, volatility hits, i lose a lot. and end up closing my trades because it could even wipe my account. As for leverage, i was trading around 0.1 lot per 1000.
I used to trade gold, but after corona deal hit, gold was untouchable. This was when i stopped trading gold, i was hedged and there was 24$ spread!! that's right 24$. i had freaked out. I also saw a 100$ spike on a few seconds one day. Most brokers don't show this, only ECN.
The worst thing is, every big mistake i clenched my teeth and closed positions, but it would go my way and i'd even profit if i waited, its just that the volatility freaked me out. First mistake i did was freaking out on a 200pips in 5-10mins. I was so not used trading in these conditions. new thing for me and if it did another 200 i'd be wiped. so i closed takiing 40% loses right there and then. A bit over a month after this i had recovered.

So take my loses and go to some milder currencies. The market behaved way differently than 2019, after that experience fear crept in and many many signals i got, i didn't take, even though they turned out to be good. I was getting out early my trading became messy. And i did the same mistake 3 times total between april-end of may. Bad analysis which i let run. I do analysis again and freak out and think "why did i trade there?" And i "hope" it will go back to my price but the risk is high so i close.

Now i am into the 3rd time i made the same mistake.I recovered after the 1st one, but 2nd and 3rd came with a week difference. I was tired, bad days. And 3rd time was too much. I have open positions and my equity dropped down to what i had start of february
I did get down to it and applied new strict money management rules, but i already took the hit. If this was 2019, i'd still enjoy 35% per month. But not everything goes our way. I applied the rules now, and i can probably recover as well, but losing months of work is not easy stuff. Just thinking of having to start over again is so sad.

Everyone is saying money management is very very important. I thought i was above this, i used my judgement to exit trades, based on experience, but market proved me wrong. Lots of times my mental rule was to close a position "there" but i was "just a bit more" and i ended taking loses. We are only people, human error will happen. Those loses weren't any big deal compared to what i was gaining, but when volatility hit, and the moment's mistake got followed by a breakout, even one in 100trades, that one will hurt so much.

So even if you make money without strict rules SL etc, it will get you on the back one day. I am saying this after countless hours of trading and with a supposedly good system.
My advice to anyone is, make strict rules, and obey them. You might lose a few trades yes, but better a steady lower % than being a victim to human error. And it can happen to ANYONE.

ps. i still see that floating negative on my account and hurts so much to close it. Months of trading, around 80+% winning trades gone like that.
I "thought i knew" and you think you know too, i hope you do.(you=anyone)

trade safe

I will quote both of you about this project i have done since october 2019 and about this thread idea of 40% equity. In my last reply with the strategy i used that time, i said that in average i got one digit percent of profit each month. After Simply Me said he could get 40%, it sounds like a challenge to me and i tried my best to make a good system for it.

to N.Si
Yeah, dude. i've been there too. it was easier on backtest or on demo account, but when using real account the shit is real. I have lost a lot of money because of ego and stupidity. i dont need to say it twice because 100% of what you said is true. ive been there. So, i learned from my mistakes and decided back to demo again for a few months. try to make a different systems again and again and again and not a single one comes to consistency. but now i think found good system with less human error and less bad mentality decisions outside the rules. trade with calculations and expected results. not with hopes.

to Simply Me
I dont want to talk about your money management since every trader is different. but when you said that i need to keep my eyes to the monitor all the time just to find a good entry? i say i dont have time for that and its not worth the time neither. after hundred hours of quarantine and experiments of markets, i found a way to get 40% with less monitor times. maybe only about 6 times of 10 minutes a day.

Now, I accepted the 40% per month challenge with simple system, less monitor times, and this might be a consistent system for a long time.

This is the performance of the system, (i now its still a month old and i dont want to brag about it either.)

the link : https://www.myfxbook.com/members/Yud...-forex/6422451

You can see all of it transactions. all transparant. And i also use this as a copytrade provider (you know just in case it will be a good system, LOL)

It's nice,but 50 bucks won't pay my rent

Sure things.
As we both know. Big capital on half baked strategy is the best kind of suicide. LOL

Ill do an updates to it. and see if i can get to your consistency.

Cheers

I cannot say that it is impossible, but 40% in a month must be very aggressive trading. I am not sure which equities can actually generate such profits in a such a short period of time. Even crypto market has slowed down these days.