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

  • #761
  • Nov 20, 2021 7:50pm Nov 20, 2021 7:50pm
Very possible. Look at my thread and proof. But you can't force trades on short timeframes.

NEVER trade on a per DAY expectation/mandate of profit potential.

That is how you enter into bad trades and poor metrics.

1% of $1,000 is only $10.
Love to talk on Discord: DividendGamer#1324
  • #762
  • Nov 22, 2021 6:25am Nov 22, 2021 6:25am
In the long term is impossible to do 2-4% PER DAY EVERYDAY.
You can make that a few times per year, but everyday is impossible.
  • #763
  • Edited 10:47pm Nov 28, 2021 7:01pm | Edited 10:47pm
After many years of experience, it's not too hard to do on demo with play money but would never trade real money this way:
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  • #764
  • Nov 29, 2021 8:01am Nov 29, 2021 8:01am
Quoting Ffas
In the long term is impossible to do 2-4% PER DAY EVERYDAY. You can make that a few times per year, but everyday is impossible.
yeah, Id aim for PER WEEK goal as a day trader, not per day. now say 10-20% a week? maybe you could but you have to be very accurate and very selective about how you enter. not discretionary but more methodical with rules and don't ever break them and adjust to volatility.

adjusting to volatility is a huge part of it.
  • #765
  • Nov 30, 2021 12:00pm Nov 30, 2021 12:00pm
"adjusting to volatility is a huge part of it"
  • #766
  • Edited 6:16pm Dec 2, 2021 3:28pm | Edited 6:16pm
Can be done...
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  • #767
  • Dec 6, 2021 12:02am Dec 6, 2021 12:02am
Quoting catman1
Can be done... {image}
This is amazing. Are they your personal results? Am I reading this correct... one loss... only?
Emotional Control. Process, not outcome.
  • #768
  • Dec 6, 2021 7:02am Dec 6, 2021 7:02am
Quoting Konichiwhaat
{quote} This is amazing. Are they your personal results? Am I reading this correct... one loss... only?
Just remember what this person said. they would never trade like this on a live account this is a demo......
  • #769
  • Dec 6, 2021 7:13am Dec 6, 2021 7:13am
Quoting hazelj80
{quote} Just remember what this person said. they would never trade like this on a live account this is a demo......
My mistake, I didn't see the previous post. Carry on ✌
Emotional Control. Process, not outcome.
  • #770
  • Dec 6, 2021 7:28am Dec 6, 2021 7:28am
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/[/quote]

Not "believing in compound" is like saying you donīt believe in math, or believing the earth is flat.
Simple. The people who donīt believe it can be done, have proof thanks to their own performance.
People who know it can be done, donīt post much, they already proved it to themselves, again, by their own performance.
  • #771
  • Dec 11, 2021 3:25pm Dec 11, 2021 3:25pm
I'd like to be trading live again but unfortunately life has thrown a few monkey wrenches in the works. Years ago when I had money to trade I didn't know what I was doing. Now that I'm a bit more knowledgeable conditions are not as good for me yet.
...So just trying to keep my skills sharp enough to one day get back in it with real money. (7 losses by the way, if it was just 1 I wouldn't believe it myself.)
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  • #772
  • Dec 11, 2021 3:50pm Dec 11, 2021 3:50pm
Quoting Ffas
In the long term is impossible to do 2-4% PER DAY EVERYDAY. You can make that a few times per year, but everyday is impossible.
It's very true.

Actually every profit is possible per day, even 100%, but that implies huge risk and drawdown.

1% profit a day ok but for which drawdown?

Also a profit per day is so foolish, even a profit per month, because the distribution is random.

If you can achieve a 3% return in average per month it gives you a compounded yearly profit of 42%. Do that with a max drawdown of 10% and then you are an amazing trader and will get unlimited access to AUM, yet those are very rares but peoples on forums saying that 1% a day every day is possible are far from rares.

Just take a look at Darwinex where you can get funded for a 15% commission, only 20 stands out and even those are not phenomenal.

Most new traders get fooled by randomness and by new traders I mean with less than 3 years of experience. Trading is one of the most competitive business ever and it doesn't matter the money you made a day for the last months, year or two, but consistently over the years with moderate drawdown, and that, again, is very rare.

Cheers,
LCTrading
  • #773
  • Dec 11, 2021 3:52pm Dec 11, 2021 3:52pm
Quoting hazelj80
{quote} yeah, Id aim for PER WEEK goal as a day trader, not per day. now say 10-20% a week? maybe you could but you have to be very accurate and very selective about how you enter. not discretionary but more methodical with rules and don't ever break them and adjust to volatility. adjusting to volatility is a huge part of it.
10/20% a month but with how much leverage and drawdown ?

Also how much average pips per loss and win ?
  • #774
  • Dec 11, 2021 3:58pm Dec 11, 2021 3:58pm
Quoting hazelj80
{quote} Just remember what this person said. they would never trade like this on a live account this is a demo......
So what is the point?
  • #775
  • Dec 11, 2021 4:02pm Dec 11, 2021 4:02pm
Quoting cuchuflito
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/
Not "believing in compound" is like saying you donīt believe in math, or believing the earth is flat. Simple. The people who donīt believe it can be done, have proof thanks to their own performance. People who know it can be done, donīt post much, they already proved it to themselves, again, by their own performance.[/quote]


The problem is that it's easy to prove it to yourself after 3 months.

You talk about maths, if you knew what you were talking about you would know that mathematically it's impossible to make such huge returns per month in trading in long term.
  • #776
  • Edited 4:58pm Dec 11, 2021 4:28pm | Edited 4:58pm
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 years of trading one will eventually learn that the risk is most important. All trading systems come with a measure of risk. The levels of knowledge and varying expertise in the financial market here on forex factory, offers the necessary information to make profitable traders. It is also possible to formulate a system for traders to consistently make 1%...
To call it 1/3% a day it has to be on average on at least a year, obviously after drawdown so you will actually need more than 1/3% a day.

And can only be achievable with a huge leverage and low pips take profit and stop loss.

Which is more than unlikely in reality, but let's assume you did, one year is still not enough to call it consistently, the compounding effect will soon grow the capital as much as the liquidity will be a problem and you will experience so much slippage that your golden strategy wouldn't be profitable anymore because of the very low pips you need to have as take profit to be able to achieve 1/3% a day.
But no wonder anyone as talked about those problems because no one has done it.

And as for the peoples that doesn't want to share their so claimed achievements so easily verifiable by a trend explorer they should better not do the talk if they can't do the walk.

1/3% a day is an amateur foolishness and an utopia.
  • #777
  • Dec 13, 2021 12:01am Dec 13, 2021 12:01am
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  • #778
  • Dec 13, 2021 3:25pm Dec 13, 2021 3:25pm
Quoting LCTrading.
{quote} 10/20% a month but with how much leverage and drawdown ? Also how much average pips per loss and win ?
Thats up to your trading style. youd probably have to trade no more than 3 pairs and risk up to 2% per trade and no more. And I meant per week not per month

per month is obviously easier than per week.
  • #779
  • Dec 13, 2021 3:27pm Dec 13, 2021 3:27pm
Quoting LCTrading.
{quote} To call it 1/3% a day it has to be on average on at least a year, obviously after drawdown so you will actually need more than 1/3% a day. And can only be achievable with a huge leverage and low pips take profit and stop loss. Which is more than unlikely in reality, but let's assume you did, one year is still not enough to call it consistently, the compounding effect will soon grow the capital as much as the liquidity will be a problem and you will experience so much slippage that your golden strategy wouldn't be profitable anymore because...
You would just limit your lot size up to a certain point. but whats too much? its way more than 50-100 lots on a liquid pair during the busy sessions. thats more than anyone probably trades here
  • #780
  • Dec 15, 2021 1:54am Dec 15, 2021 1:54am
To all take for e.g. Nikos Mermigas top down approach, using Heiken Ashi charts on regular timeframe and renko charts, they are able to achieve thousands every week. They do lose trades but those winners far outweigh the losses.
Strictly technical analysis based.

You can also check out Phil Carr at the Gold and Silver Club.
They utilize: Technicals, fundamentals, market seasonality statistics with historical proof to follow and they are highly research driven, they have a trading platform, groups for market analysis and alerts, they do mentorship programs with hedge funds, money managers, fund managers, bank traders. They are able to see what the banks and other institutions are doing, even if it's after the fact.

So earning percentages is just normal for some and losing percentages is just normal for some. Not everyone will ever be the same. If you can make more than your savings account would do in a year that's good.

Inserted Video
- Nikos group

Inserted Video
- Phil Carr
R:R "Percentage Focus"
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