I guess by 1/3% a day you mean 1/3% every day, right ?
You can make 1/3% some days but you cannot make 1/3% all days.
To achieve such returns on a daily basis, every day, you would need a high hit rate with high R:R ratio coupled with high risk per position, simply put it is impossible intraday. Even 25% a month every month is impossible, which would be 1%/day (22 trading days) return with compounding, because you will face huge drawdown and loosing months. Your trend Explorer is a good example, you aim for 3%/day yet today you lost 21.5% and twice that this week.
One thing that a trader must learn in order to be successful is to focus on the set up instead of the performance, otherwise you are doomed. Every trade, every day/week/month is unique, even if your hit rate is above 50% over a few years, the distribution of it is random, it’s always the beginning of a new battle, money management aka low risk is the key.
Your trend Explorer proves it as well, I mean 95% drawdown and 60 open trades using martingale ?! By not taking the loss on each trade you are just mortgaging, sooner or later you gonna have to pay for this, probably by a margin call in your case. And why would you keep your demo account’s balance private ?
You can make 1/3% some days but you cannot make 1/3% all days.
To achieve such returns on a daily basis, every day, you would need a high hit rate with high R:R ratio coupled with high risk per position, simply put it is impossible intraday. Even 25% a month every month is impossible, which would be 1%/day (22 trading days) return with compounding, because you will face huge drawdown and loosing months. Your trend Explorer is a good example, you aim for 3%/day yet today you lost 21.5% and twice that this week.
One thing that a trader must learn in order to be successful is to focus on the set up instead of the performance, otherwise you are doomed. Every trade, every day/week/month is unique, even if your hit rate is above 50% over a few years, the distribution of it is random, it’s always the beginning of a new battle, money management aka low risk is the key.
Your trend Explorer proves it as well, I mean 95% drawdown and 60 open trades using martingale ?! By not taking the loss on each trade you are just mortgaging, sooner or later you gonna have to pay for this, probably by a margin call in your case. And why would you keep your demo account’s balance private ?
LDFX Trading Ltd