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1% to 3% Per Day? All things are Possible

  • #741
  • May 25, 2021 5:42am May 25, 2021 5:42am
Do your own work, whatever you put in, you will get out. So ensure you put in quality in time, efforts, research, reviews, etc etc. The rest will work out itself.
R:R "Percentage Focus"
  • #742
  • May 25, 2021 5:49am May 25, 2021 5:49am
Keep dreaming. Don't believe in compound BS. Even 1-3% per month for years with low DD is very difficult to achieve. Look at this guy ranked to Top in fundseeder.com (similar to myfxbook.com). This is verified performance. Can anyone in FF do this?
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https://fundseeder.com/leaderboard/l...s_score_ver/1/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #743
  • May 25, 2021 6:09am May 25, 2021 6:09am
Quoting heispark
Keep dreaming. Don't believe in compound BS. Even 1-3% per month for years with low DD is very difficult to achieve. Look at this guy ranked to Top in fundseeder.com (similar to myfxbook.com). This is verified performance. Can anyone in FF do this? {image}{image} {image} https://fundseeder.com/leaderboard/l...s_score_ver/1/
Thanks for your input, as I say we speak from the table we sit at or is being observed. I agree it's difficult to achieve but it is possible and the post you made has proven that, I also don't know if it's advertisement, marketing or you shooting yourself in your own leg. If someone's aim is 1-3% or 0.5 to 1.5, it doesn't matter all you need to do is work on your method or allow someone who has the capability to earn do what they are good at, hence the reason there are money managers, hedge funds, banks, etc. People are not limited to investing digitally or virtually only either, the same things that are available virtually, digitally are also available physically in some cases too. So never put your limitations on someone else.
Some months low earnings, while others high earnings. It balances out in the long run, the aim is not to lose money.
R:R "Percentage Focus"
  • #744
  • May 25, 2021 6:18am May 25, 2021 6:18am
Quoting heispark
Keep dreaming. Don't believe in compound BS. Even 1-3% per month for years with low DD is very difficult to achieve. Look at this guy ranked to Top in fundseeder.com (similar to myfxbook.com). This is verified performance. Can anyone in FF do this? {image}{image} {image} https://fundseeder.com/leaderboard/l...s_score_ver/1/
Next thing is that when persons are able to do it, they are put through so many questions and accusations that is not worth it. People want to see verification and then when they get it, they say it is photoshopped or manipulated. They want to get investor password, they want to see withdrawals to bank account, they want to speak to the broker, they say the broker is a scammer and the trader is a scammer. I have seen people torture traders, investors on different threads over and over again. Hence the reason those who are doing it stay quiet cause it's a waste of time to convince those who are not capable of same.

That's why they set up copy services, investment management systems. Whether as bank,. Hedge funds, etc etc. Mam accounts, pamm accounts. The wealthy traders don't talk much nor expose them selves, they also don't have need to. Not everyone will come to trading and walk away with more cash whether as pennies, cents or dollars, some will walk away with negatives, some will live by their rewards and others will die by theirs.
R:R "Percentage Focus"
  • #745
  • May 25, 2021 6:29am May 25, 2021 6:29am
Quoting heispark
Keep dreaming. Don't believe in compound BS. Even 1-3% per month for years with low DD is very difficult to achieve. Look at this guy ranked to Top in fundseeder.com (similar to myfxbook.com). This is verified performance. Can anyone in FF do this? {image}{image} {image} https://fundseeder.com/leaderboard/l...s_score_ver/1/
Yes, it can be done. Not one to three percent a day, that is just silly. But if you take trading seriously, and you are at your terminal and in the market daily for all 200+ days, and if you do not abuse leverage, then an average of three percent a month would be low. People make the mistake of comparing speed boats with tankers. Those of us with less than seven figures should be able to get an outsized return because we can be nimble. Take advantage of a yearly trend.
If you are good at something, never do it for free--Joker
  • #746
  • Sep 22, 2021 2:30pm Sep 22, 2021 2:30pm
Quoting heispark
Keep dreaming. Don't believe in compound BS. Even 1-3% per month for years with low DD is very difficult to achieve. Look at this guy ranked to Top in fundseeder.com (similar to myfxbook.com). This is verified performance. Can anyone in FF do this? {image}{image} {image} https://fundseeder.com/leaderboard/l...s_score_ver/1/

these are some amazing results out there, very few can achieve this kind of performance with this low dd is a laser focus trading
Create your future with MOON SHOT
  • #747
  • Nov 9, 2021 8:16pm Nov 9, 2021 8:16pm
I am happy to find this thread. Is it still active?

I am currently trying to achieve just 1% per week as part of my trading plan that I have been working on for nearly 2 years now. Sounds easy and achievable, right? But it can actually be quite hard, even sticking with one or two strategies consistently.

Forex has been a slow grind, but I am still in the game which is good

Any tips or advice from any experienced traders who are consistently making (on average) 1% per week?
If so, what is your most favorable method? i.e. favorite indicators, price action technics, time frames, instruments, ect?

Thanks in advance for any replies
Emotional Control. Process, not outcome.
  • #748
  • Nov 9, 2021 9:40pm Nov 9, 2021 9:40pm
Quoting Konichiwhaat
I am happy to find this thread. Is it still active? I am currently trying to achieve just 1% per week as part of my trading plan that I have been working on for nearly 2 years now. Sounds easy and achievable, right? But it can actually be quite hard, even sticking with one or two strategies consistently. Forex has been a slow grind, but I am still in the game which is good Any tips or advice from any experienced traders who are consistently making (on average) 1% per week? If so, what is your most favorable method? i.e. favorite indicators,...
Hi Konichiwhaat,

I am also interested in others' experience. I agree that 1% per week is more feasible and sustainable, although I personally don't pose a profit goal when trading. I found it is easier to assess trading through performance such as if the execution is according to trade plans. The profit will follow given the trade plans are profitable and executions are disciplined.

Since this year, I am trading with basic TMS method (TDI cross signal + basic PA). IMO any strategy can be more successful when backed with statistical confluences. I have an account trading EA with statistical model and is averaged at 1-2%/month, so I believe in statistics. I like and implement this idea as the discretionary trading elements (e.g. TDIs, HH and HLs) are not interfered with statistics (e.g. pips of swings and probability of continuation/reversal). It implies a lot of work before even starting trading, tho.

The yearly trading return figure we hear mostly is ~20%/year, I take it as the benchmark. It is already decently higher than the 8% average return of static investment on sp500 (which most people wouldn't have done that anyways, so just a theory). 1% per week is pretty aggressive (+52%/year)
To increase return in a long run, my approach is to keep a reasonable growth rate, and increase capital. This includes compounding my account size, or take prop firm challenges and scale up my risk to try passing it.

Good luck and trade well.
Interested in other's success stories too

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  • #749
  • Nov 9, 2021 10:06pm Nov 9, 2021 10:06pm
Quoting Konichiwhaat
I am happy to find this thread. Is it still active? I am currently trying to achieve just 1% per week as part of my trading plan that I have been working on for nearly 2 years now.
3 things:
1. capital preservation (1 or 2% stop loss so as not to get account blown in order to carry on trading).
to do 1 above, have to:
2. trade in smaller unit. (maximum 1 lot per $10k account, or smaller multiples not exceeding 1 lot in total).
3. trade during london/new york sessions and no over trading.

try to trade naked chart with support/resistance, using h4 and above for overall structure, h1 and below for trigger.
ITB - Seeing Orderliness amongst 'Randomness'
  • #750
  • Nov 9, 2021 10:32pm Nov 9, 2021 10:32pm
Quoting tommydoginti
{quote} Hi Konichiwhaat, I am also interested in others' experience. I agree that 1% per week is more feasible and sustainable, although I personally don't pose a profit goal when trading. I found it is easier to assess trading through performance such as if the execution is according to trade plans. The profit will follow given the trade plans are profitable and executions are disciplined. Since this year, I am trading with basic TMS method (TDI cross signal + basic PA). IMO any strategy can be more successful when backed with statistical confluences....
Thanks for your reply. Yup, +%50 sounds pretty amazing I agree. With compounding it adds up even more. The thinking is that if 1% per week could be sustained on average, using the same method over and over, this would add up nicely over a matter of years. Results over a longer time are key. I am happy to have survived to know this now!

Thanks for your reply and thoughts
Emotional Control. Process, not outcome.
  • #751
  • Nov 9, 2021 10:40pm Nov 9, 2021 10:40pm
Quoting Inthebox
{quote} 3 things: 1. capital preservation (1 or 2% stop loss so as not to get account blown in order to carry on trading). to do 1 above, have to: 2. trade in smaller unit. (maximum 1 lot per $10k account, or smaller multiples not exceeding 1 lot in total). 3. trade during london/new york sessions and no over trading. try to trade naked chart with support/resistance, using h4 and above for overall structure, h1 and below for trigger.
Thanks for your reply. Great to hear this, as everything you have listed I agree with. I personally only risk 1% of my whole account on any one trade, and I only run one trade at a time. The 1% is a solid rule, and is adjusted when the account goes up, as well as down. As a result, I currently only ever aim for a TP of 1% as well, just to always keep as many odds in my favor.

The goal would be, using this method, to just choose one, probable trade set up per week, and nothing more. Watch, wait, and when it comes, pull the trigger.

I currently take trade entries on the 15 min charts after marking levels on higher time frames. But I think I would like to start taking entries on 1H charts. Thats where I am in my journey right now

Thanks again for your reply!
Emotional Control. Process, not outcome.
  • #752
  • Nov 12, 2021 1:28am Nov 12, 2021 1:28am
Quoting Konichiwhaat
I am happy to find this thread. Is it still active? I am currently trying to achieve just 1% per week as part of my trading plan that I have been working on for nearly 2 years now. Sounds easy and achievable, right? But it can actually be quite hard, even sticking with one or two strategies consistently. Forex has been a slow grind, but I am still in the game which is good Any tips or advice from any experienced traders who are consistently making (on average) 1% per week? If so, what is your most favorable method? i.e. favorite indicators,...
This is the best way to play safe. 1% profit may seem small but at the end of the month these profits add up to give great monthly returns.
For traders who trade on small time-frames it is extremely important to protect their capital from declining in unfavorable situations. Risking small helps to survive for longer in the market.
  • #753
  • Nov 15, 2021 2:16am Nov 15, 2021 2:16am
I think that if people think it's not possible then it isn't. Your mindset can limit you just as much as anything else. Also I'm starting to think the internet trading style that everyone thinks is the only way to trade is like a self fulfilling prophecy. Everyone reads that same crap and eventually everyone thinks there is only one way to do things(cause the internet told me) lol
Most successful traders in history thought outside the box and mostly invented their own style of trading.
Personally I believe 1-3 % per day is achievable so I will endeavour to make it happen, because if I think it can't be done then I won't be able to do it.
  • #754
  • Nov 15, 2021 12:25pm Nov 15, 2021 12:25pm
1% to 5% monthly is reasonable.
  • #755
  • Nov 15, 2021 6:29pm Nov 15, 2021 6:29pm
Quoting ScalperGuru
1% to 5% monthly is reasonable.
1% per month? If that's the best I could do, I'd give up.

Here's a scenario. Even if we follow the so called you tube gurus. 1-2% risk is the agreed upon amount. Have a system that wins 50% of the time with a 2-1 reward. One trade per day should net 1% per day risking 2% of your account.
  • #756
  • Nov 17, 2021 2:11am Nov 17, 2021 2:11am
I mean, what is the point of getting 1%per week, 1%per day?

How many percent per day doesn't translate to profitability.
I could even use martingale and achieve 1% per day, but what is the point? It will fail miserably eventually.

The reason we trade is to achieve a higher equity watermark.
We probably need to start accepting that 1% per day or per week will not be possible or sustaining for a long term....Some days it could be 0.5%, some it could be -2%.

Just my two cents,
  • #757
  • Nov 17, 2021 6:55am Nov 17, 2021 6:55am
1% is possible and a great result
  • #758
  • Nov 18, 2021 4:36am Nov 18, 2021 4:36am
Quoting ScalperGuru
1% to 5% monthly is reasonable.
It actually boils down to good risk to reward ratio. A risk to reward ratio of 1:3 gives you a huge edge even if your win rate is 40%
  • #759
  • Nov 18, 2021 4:42am Nov 18, 2021 4:42am
Quoting daniellive
I mean, what is the point of getting 1%per week, 1%per day? How many percent per day doesn't translate to profitability. I could even use martingale and achieve 1% per day, but what is the point? It will fail miserably eventually. The reason we trade is to achieve a higher equity watermark. We probably need to start accepting that 1% per day or per week will not be possible or sustaining for a long term....Some days it could be 0.5%, some it could be -2%. Just my two cents,
One critical aspect of trading is the discipline to be able to wait until the opportunity before you is very clear. It saves you the time and stress of trying to recover from drawdown as a result of impulsive trades taken.
  • #760
  • Nov 19, 2021 11:20am Nov 19, 2021 11:20am
For any day trading style where scalp take-profits are a major portion of the overall profits, and where dozens of setups or more occur per day, especially with higher win rates and a good amount of profit factor, I would say that someone should be happy if their system generates even a consistent 0.3% per day, but I also believe 4% per day average can be done, but it would either require very good stats or trading a LOT, like a full time/overtime job. It wouldn't be hard to occasionally have 10%+ days, but maintaining 4% minimum average, I think would take a lot of work.
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