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What percentage profit per day IS possible? 53 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

Hi, I personally don't think making 1% per day is possible with the perspective that you literally make every day 1%. However, I do think that if you have a time frame of 1 month you can make an average of 1% per day. I myself have an average of about 12 trades a day. That means that I can't take more than 0.5% risk on 1 trade otherwise I would end up with drawdowns of 80-90% which is not good risk management.
Quoting supdemfx
Hi, I personally don't think making 1% per day is possible with the perspective that you literally make every day 1%. However, I do think that if you have a time frame of 1 month you can make an average of 1% per day. I myself have an average of about 12 trades a day. That means that I can't take more than 0.5% risk on 1 trade otherwise I would end up with drawdowns of 80-90% which is not good risk management.
for 1% you don't need 12 trade or more sometimes 1 trade is enough.
Quoting supdemfx
Hi, I personally don't think making 1% per day is possible with the perspective that you literally make every day 1%. However, I do think that if you have a time frame of 1 month you can make an average of 1% per day. I myself have an average of about 12 trades a day. That means that I can't take more than 0.5% risk on 1 trade otherwise I would end up with drawdowns of 80-90% which is not good risk management.
Yes, on a long run 1% per day is impossible. The idea is delusional.
If someone says he/she is capable of doing it, he/she will be a first trillionaire on Earth and can buy Twitter with Tesla, Space-X and make Elon his/her butler.
Starting with just 1000.- USD and making 1% per day it takes less than 5 years to reach your first trillion. On your fifth year you´ll end up with 50+ trillion.

Calculator.
I tweet
Quoting FraterRedox
{quote} Yes, on a long run 1% per day is impossible. The idea is delusional. If someone says he/she is capable of doing it, he/she will be a first trillionaire on Earth and can buy Twitter with Tesla, Space-X and make Elon his/her butler. Starting with just 1000.- USD and making 1% per day it takes less than 5 years to reach your first trillion. On your fifth year you´ll end up with 50+ trillion. Calculator.

This is a fallacy that i have always seen on this site since i signed up here and it's beginners thinking

"If you make X percent a day you'll be a trillionaire in no time and thats impossible"

no, no you won't be a trillionaire but not for the reasons you might think

why? slippage would kill you on large trade and you'd be going against yourself. so you can make maybe 1% a day up to, say, 100 lots and then youd be maxing out on your lot size.


I still think people are better off going for a certain amount of pips per day. like say 20% of the current 7 day ATR for example
millionaire? sure

trillionaire? impossible on the retail side

unless you're an institutional trader and that's a completely different ballgame than retail.
Quoting hazelj80
{quote} This is a fallacy that i have always seen on this site since i signed up here and it's beginners thinking "If you make X percent a day you'll be a trillionaire in no time and thats impossible" no, no you won't be a trillionaire but not for the reasons you might think why? slippage would kill you on large trade and you'd be going against yourself. so you can make maybe 1% a day up to, say, 100 lots and then youd be maxing out on your lot size. I still think people are better off going for a certain amount of pips per day. like say 20% of...
Well, do we know any billionaires?
FX is hardest market to go against yourself, 1000 lot trade doesn´t move USD pairs.
Also 100 lot and max out ain´t the truth. Several brokers provide 200 lots, use copier EA and knock yourself out on several broker platforms. If you still use MT4 and forex broker - would be awkward if your account is in millions.
I tweet
Quoting FraterRedox
{quote} Well, do we know any billionaires? FX is hardest market to go against yourself, 1000 lot trade doesn´t move USD pairs. Also 100 lot and max out ain´t the truth. Several brokers provide 200 lots, use copier EA and knock yourself out on several broker platforms. If you still use MT4 and forex broker - would be awkward if your account is in millions.

you would not even make a billion on the retail side. not even close.

it is harder to go against yourself but that doesn't mean it wont happen with less than 100 lots depending on what pair you're trading at the moment and what time of day.
Quoting hazelj80
{quote} you would not even make a billion on the retail side. not even close. it is harder to go against yourself but that doesn't mean it wont happen with less than 100 lots depending on what pair you're trading at the moment and what time of day.
100 lot - I doubt it would move even NOKZAR.
And why we talk ab retail and billions now? In history there has been a billion dollar trade - Soros against GBP, market cap was tiny back then, 1990, even Soros can´t go against himself. Another notorious guy is Krieger.
But the question is about 1% per day - if u r able to do that, you will be a first trillionaire, lets forget this MT4 and 100 lot nonsense now.
I tweet
A few scalp trades today.
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Month Previous % Total 1 $ 100 +100% $ 200 2 $ 200 +100% $ 400 3 $ 400 +100% $ 800 4 $ 800 +100% $ 1600 5 $ 1600 +100% $ 3200 6 $ 3200 +100% $ 6400 7 $ 6400 +100% $ 12800 8 $ 12800 +100% $ 25600 9 $ 25600 +100% $ 51200 10 $ 51200 +100% $ 102400 11 $ 102400 +100% $ 204800 12 $ 204800 +100% $ 409600

"Albert Einstein famously said that compound interest is the most powerful force in the universe. He said, “Compound interest is the 8th wonder of the world."
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Quoting PrinceJ58
{quote} That's because they selected what would be ideal, the later is easier to attain.
//----

hey prince..... hows it going.....

can't remember if i voted, but if 0.005 per day was available, it would have been my choice...... truely believe i could average 0.005 per day..... 0.5% non compounded per day..... so on a 10,000 live oanda account based in the states, 50$...... which is right around minimum wage here......

been workin past 6 weeks on that same idea over at envids forum...... 'in search of minimum wage'...... explorer results below..... second one is future trades, places next sundays trades on this wednesday......

wouldn't know what to do with a trillion dollars so i'll leave that headache to someone more deserving......

ideally, minimum wage is all a hayseed needs......h
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to trade and code, keep both simple... no call to impress....h
Quoting FraterRedox
{quote} 100 lot - I doubt it would move even NOKZAR. And why we talk ab retail and billions now? In history there has been a billion dollar trade - Soros against GBP, market cap was tiny back then, 1990, even Soros can´t go against himself. Another notorious guy is Krieger. But the question is about 1% per day - if u r able to do that, you will be a first trillionaire, lets forget this MT4 and 100 lot nonsense now.
Soros was trading at the institutional level and he was borrowing BILLIONS to go against the bank of England so he wouldn't get margin called.

apples and orange. no institutional level trader is using a retail platform and there's 0 reason to use more than that many lots no matter what retail platform it is mt4 or otherwise your margin WILL get reduced significantly when you go above certain sizes. oanda does it IG does too

but really people are going about it the wrong way anyways itd be easier to target an amount of pips because that can fluctuate with market volatility
Quoting hazelj80
{quote} Its 10% if youre on the aggressive account but you have to also be aggressive with your lot size. maybe .5% per trade multiple trades per day in one session
I have no feel about how much risk is enough. I scalp on average 50 trades a day, and it is 0,5% of my account in the total profit in one day is ok.

So, i think , the important thing is , setting your target is depend on your winrate and your risk, and go for it. Dont be pressure.
Ftmo Return Today: na
Quoting hazelj80
{quote} Soros was trading at the institutional level and he was borrowing BILLIONS to go against the bank of England so he wouldn't get margin called. apples and orange. no institutional level trader is using a retail platform and there's 0 reason to use more than that many lots no matter what retail platform it is mt4 or otherwise your margin WILL get reduced significantly when you go above certain sizes. oanda does it IG does too but really people are going about it the wrong way anyways itd be easier to target an amount of pips because that can...
I absolutely agree with you mr Hazelj. We retailer dont compare with someone institutional or professional like Soros or Buffet, they would never go broken, after them is a mountain of credit, and they impact in some market.


We just have to find our own edge and practice with it again and again.


So, trading with big volume is the all in . it would kill us retailers more than we think, dont just think only about profit guys. The dark side of big volume is always there. And when it comes, we need more cash to deposit )
Ftmo Return Today: na
Impossible to gain 1% every day. It is simple impossible.
Gaining 1% not compounding is 360% per year and imagine compounding? It would be more than 1.000%.

Of course you can do it one month or two, but on the medium and long term you are 100% sure of going broke.
For thousands of material and spiritual reasons you can not trade every day.But you can not say with certainty that is impossible to gain 1% or more per day. What is impossible for you may be very easy for another and vise versa,Do not compare your abilities as well as your experiences with others.
Hey guys just saw this thread and was interested about it since thats actually what i`ve been trying to accomplish for the past 4 months, so far pretty good, here is the link to the livestreamings if anyone wants to see how is it going ShareVision | AGtrader

kind regards, AG
SDTAG
Quoting andrei-irk
{quote} I absolutely agree with you mr Hazelj. We retailer dont compare with someone institutional or professional like Soros or Buffet, they would never go broken, after them is a mountain of credit, and they impact in some market. We just have to find our own edge and practice with it again and again. So, trading with big volume is the all in . it would kill us retailers more than we think, dont just think only about profit guys. The dark side of big volume is always there. And when it comes, we need more cash to deposit )

correct. and to be a little more to the point looking at a fixed daily percentage gains is akin to "account flipping"

usually under-capitalized traders will do this. Plenty of them on youtube and all other social media

if you had 50-100k you could just risk .25% per trade or less and make good money if you had a sound strategy
Quoting Cashbear
Thats right - for example today (NFP-day) i deposited 20 EUR before NFP session started to scalp the Russel,(discretionary trading) and at 18:00 GMT 2 i was on 32 EUR - thats more than 50%, and the day is not over. I could stop now, but i wait for hints what the direction will be at the end, to catch some additional pips. Session one was right after NFP release, session two was the US opening, and session three will be the US closing. So thats just what is possible in that business concerning percentage profits. Clear, thats not every day, but the...
I never knew it was possible to trade that with $20
R:R "Percentage Focus"
Quoting AbdullahBin
{quote} In reality, candle type patterns are not any sustainable way to follow! I personally have such a bad experience on candlestick trading! Besides, Indicators can’t be a proper solution here!
Having statistics that is more than 50% is good enough for some methods. So one doesn't have to be right all time.
R:R "Percentage Focus"
Quoting hayseed
{quote} //---- hey prince..... hows it going..... can't remember if i voted, but if 0.005 per day was available, it would have been my choice...... truely believe i could average 0.005 per day..... 0.5% non compounded per day..... so on a 10,000 live oanda account based in the states, 50$...... which is right around minimum wage here...... been workin past 6 weeks on that same idea over at envids forum...... 'in search of minimum wage'...... explorer results below........
What is interesting, is that you posted the proof of concept and everyone seemed to have ignored your post.
R:R "Percentage Focus"
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