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What percentage profit per day IS possible? 56 replies

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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

1-3% per day is definitely possible. But I think you get it wrong - what does it help to make 1-3% 4 days per week and lose 20-25% one day per week.

Care you good enough to cut losers. And Are you good enough to let your winners run also when you already did make your 1-3%
Quoting zaxxon
1-3% per day is definitely possible. But I think you get it wrong - what does it help to make 1-3% 4 days per week and lose 20-25% one day per week. Care you good enough to cut losers. And Are you good enough to let your winners run also when you already did make your 1-3%
Well letting your winners run is nice and I guess everyone has their goals and comfort zones.
R:R "Percentage Focus"
Probably someone can translate for me, are these stats good. Expound on the findings of this test. Mt5 backtest on 2019 to 2020.
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Coders and traders with good experience are welcome.
https://t.me/joinchat/AAAAAFixP49h5XGkuravkg
R:R "Percentage Focus"
Slow and steady is my new favorite guide. That's the train i am interested in....
The banks give 1% minimum for the year, if one can achieve more than that for the year hmmm, you did great.
R:R "Percentage Focus"
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it is possible to do any particular percentage in the list, but at what risk and drawdown will you be willing to endure.
Size of accounts also affect the percentages for some at least.
What's your take?
R:R "Percentage Focus"
Quoting PrinceJ58
Slow and steady is my new favorite guide. That's the train i am interested in.... The banks give 1% minimum for the year, if one can achieve more than that for the year hmmm, you did great.
Great to hear that. Is it because of your backtesting? Are you gonna start a new trend Explorer ?Wish you all the best.Cheers,
LDFX Trading Ltd
Major FX funds are able to bring in 10% a year. I hate to burst bubbles but over time it will be come harder and harder to make high returns because it is difficult to consistently determine when markets go from ranging to trending.
Quoting LDFX
{quote} Great to hear that. Is it because of your backtesting? Are you gonna start a new trend Explorer ?Wish you all the best.Cheers,
Actually once they are all positive i will be ready...
R:R "Percentage Focus"
Quoting jamestk
Major FX funds are able to bring in 10% a year. I hate to burst bubbles but over time it will be come harder and harder to make high returns because it is difficult to consistently determine when markets go from ranging to trending.
I see, thats very true. Any exceptions?
R:R "Percentage Focus"
Quoting PrinceJ58
{quote} I see, thats very true. Any exceptions?

There are. Especially the smaller funds. The smaller funds can outperform since they face less liquidity issues. But its hard to know how long these funds perform at 40%+. Usually after some time they start to converge to around 10% after being exposed to the market for a certain period.
Quoting jamestk
{quote} There are. Especially the smaller funds. The smaller funds can outperform since they face less liquidity issues. But its hard to know how long these funds perform at 40%+. Usually after some time they start to converge to around 10% after being exposed to the market for a certain period.
That is very true, very refreshing to read sane comments.Hedge funds typically don’t use leverage except for the 130/30 which use 1.6 leverage when they are fully loaded (1.3 on long and 0.3 on short), hedge funds funds struggle to make it above the 20% annual average return because they have dozens of billions under management, facing huge liquidity problems when entering markets, they do that by building their positions over a few days if not a few weeks, aka trendline, S/R, etc..., but still they do that with consistent profit and low drawdown, they are the Alpha top fund managers.A retail trader could therefore make more, probably up to 100% cumulative return over a year with low drawdown but it is very rare to make it consistently and the more volumes he trades, the less profit will he be able to make because of liquidity issues that James wisely brought up. Making money in trading is very easy especially when taking much risk, but keeping it demands a lot of skill, otherwise it is only short money that anyone can do if lucky.A retail trader that makes 40% annual average return consistently with a max drawdown of 10% is rare, yet possible.Great contribution Jamestk !
LDFX Trading Ltd
Quoting PrinceJ58
{quote} Actually once they are all positive i will be ready...
Great, I will be following it with interest 👍🏻😉
LDFX Trading Ltd
Quoting LDFX
{quote} Great, I will be following it with interest
Thanks for the information you placed here and the time you stopped by in unleashing some of the vast knowledge and experience.
So its funny when a person does various things outside of public view then when they go public the psychology finally receives some pressure. Nevertheless let's see of the idea works medium to longterm.

In the long run i hope all this is helping someone to see things on a different perspective.
R:R "Percentage Focus"
I have developed alot of strategies and what I believe to be systems for trading those strategies. Nevertheless, I found that in those very systems, the aim was to catch repeatable patterns, movements that would lead to positive changes in price based on the calculated bias chosen.

Now looking back, I have come to realize that these projects missed one great aspect of my present aim. I hope that someone would benefit from these little snippets of thoughts only meant for educational purposes and results will and may differ.

These days, my first priority is to first identify the challenges we face in the markets. Then in isolating them, establish calculated ways to identify them. These steps greatly moves us towards a better place. In doing this one has to arrive at rules without discretionary factors being involved.

As soon as we are able to past these very important hurdles in trading. Then and only then, should one look outside those conditions to successfully take advantage of what the markets give access to for the minority to benefit from.
R:R "Percentage Focus"
Quoting PrinceJ58
{quote} Thanks for the information you placed here and the time you stopped by in unleashing some of the vast knowledge and experience. So its funny when a person does various things outside of public view then when they go public the psychology finally receives some pressure. Nevertheless let's see of the idea works medium to longterm. In the long run i hope all this is helping someone to see things on a different perspective.

Thanks Prince.

I said in a previous post some time ago that I was impressed by your wise answers to mines, because you still remained opened to criticism even though my posts were, to say the least, very contrarian .

Determination is probably the most important in order to become a successful trader and you didn’t confuse it with stubbornness, yet again I am impressed but not surprised at all because I am sure you will differentiate yourself from the crowd and be successful in the future because of those qualities.

Keep it up and I wish you all the best.



Cheers,
LDFX Trading Ltd
Quoting LDFX
{quote} Thanks Prince. I said in a previous post some time ago that I was impressed by your wise answers to mines, because you still remained opened to criticism even though my posts were, to say the least, very contrarian . Determination is probably the most important in order to become a successful trader and you didn’t confuse it with stubbornness, yet again I am impressed but not surprised at all because I am sure you will differentiate yourself from the crowd and be successful in the future because of those qualities. Keep it up and...
I consider it a work in progress, I was in charge of managing and supervising a lot of person's on a daily basis, employees, customer's, working with delivery guys, you name it, a full fledged business. So I believe that helped along the way, thanks for being honest and pointing that out.

All you gotta do, is do what you'd want others to do for you. In some cases you'll never get good. Do you compound the bad that you received? In my case I cannot, if I do I may end up in some serious trouble, since I'm passionate about whatever I set my mind to.
Responding to negative with negative, that my friend is only a good recipe for a bomb attack.

So I will try to do the opposite of whatever is happening, otherwise I may not live to see some years to come. I like living and I will meet a lot of persons who are different from myself, in opinion, religion, relationship preferences, political beliefs, goals, missions etc.

My inner energy cannot handle too much built up anger, negativity and so forth. I don't have the fuse necessary to handle it, so I'll prefer to walk than to answer. also practicing different ways to respond to situations. I know everyone must know the person who laughs when there is drama, fright, fear, arguments, life threatening situations, that probably puzzle you. Well in some ways I would love to adapt that peaceful response inwards.

Be at peace and be the determining factor of my response towards others and varying circumstances that will come in life. I will not break the pc screen due to a losing trade.
R:R "Percentage Focus"
Quoting PrinceJ58
Greetings everyone on start up of this trading discussion traders were excited with the mere thought of earning by attractive percentages without thinking about the risk associated with it.[...] For clarification some traders have attested to accomplishing such results here on FF but may not be willing to share their hard work and efforts. Do you blame them for their decisionsn, i dont. It takes hard work, discipline and dedication to maintain such success. Th What is your take/opinion?
I met several traders who did well, especially one who managed to earn up to 10% a day on a pretty big account. every week he withdrew money from the account and started within his comfort zone and account. This year I plan to study his system and learn from guys he trained. He didn't use any indicators. So I know this is possible. I have only heard about guys from Moscow (his name was Parsimonov I think, who with his scalping system managed to get 5-10% a day. The story I knew was his student failed (I don't remember how) and lost over 30 k dollars. He demanded his money back, and Parsomonow refused. But after a long series of (pretty hateful) posts in one forum the teacher got this account (or what was there) and during maybe two or three weeks managed to restore his capital trading personally. I will later try to find this story, maybe somewhere it is available. I will try to find his system too.
Quoting Fred-IV
{quote} I met several traders who did well, especially one who managed to earn up to 10% a day on a pretty big account. every week he withdrew money from the account and started within his comfort zone and account. This year I plan to study his system and learn from guys he trained. He didn't use any indicators. So I know this is possible. I have only heard about guys from Moscow (his name was Parsimonov I think, who with his scalping system managed to get 5-10% a day. The story I knew was his student failed (I don't remember how) and lost over...
The only people in this market making money everyday are market makers and brokers. As a retail trader: commissions, slippage and swap will eat you dead if you trade too often. You should take a longer term objective , like trying to make money every year.
When you see it, BET big.
Quoting PrinceJ58
{image}it is possible to do any particular percentage in the list, but at what risk and drawdown will you be willing to endure. Size of accounts also affect the percentages for some at least. What's your take?
It shocks me that you have a red flag on your name and still thinking this way about trading. Haven't you learned any thing in the last whatever years. Still looking for the holy grail ! I guess you have been busy posting instead of learning. There are three things you have fundamentally wrong:

1. No successful trader trades every day, only when there is an edge.

2. Market returns do cycles, some times good other times bad.

3. You will not get rich quick trading! Keep trying at your own peril and going broke.
When you see it, BET big.
Quoting PrinceJ58
Slow and steady is my new favorite guide. That's the train i am interested in.... The banks give 1% minimum for the year, if one can achieve more than that for the year hmmm, you did great.
If you want to achieve slow and steady then why waste time and money trading. Simply buy and hold some index etf. You will definitely get more than savings account, on average and over many years, because you’ll be compensated for taking risk
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