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

  • #861
  • May 17, 2022 3:50am May 17, 2022 3:50am
[quote = tetis; 13994835] {quote} với 1%, bạn không cần 12 giao dịch trở lên, đôi khi chỉ cần 1 giao dịch là đủ. [/ quote]
trading Maximum of 3 trades a day makes you well-informed, positive mental status. Risk therefore is mitigated. Capital gain is satisfied.
  • #862
  • May 17, 2022 9:23pm May 17, 2022 9:23pm
[quote = forex2022; 13905087] Có ai có kinh nghiệm sao chép tín hiệu từ MQL5 không? Tôi đă t́m thấy một số nhà giao dịch có DD và lịch sử giao dịch rất tốt trong 24 tháng qua với lợi nhuận trung b́nh 7-10% hàng tháng. Họ cũng đă xác minh tài khoản mxfxbook? Những tín hiệu này quá tốt để trở thành sự thật hay chúng chỉ bị thao túng? Ai đó có thể chia sẻ kinh nghiệm được không? [/ Quote]
NO EASY MONEY, focus your skills !
  • #863
  • Jun 20, 2022 12:18am Jun 20, 2022 12:18am
Quoting PrinceJ58
{quote} Having statistics that is more than 50% is good enough for some methods. So one doesn't have to be right all time.
True, but if anyone follow the candle pattern without the market context; then surely the success ratios will be below the 50%. Candlestick pattern & the PA trading isn’t the same thing!
  • #864
  • Jun 20, 2022 1:12am Jun 20, 2022 1:12am
After years of trading now and eventually finding my own "groove", I can answer this question "YES YOU CAN, AND CONSISTANTLY EVERY DAY"... but there is one slight problem... you will have a 99% win rate doing so. The day you finally have the "1%" day, it will be over.
Emotional Control. Process, not outcome.
  • #865
  • Jun 22, 2022 8:11am Jun 22, 2022 8:11am
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%...
Hi, I have been trying to do for the past months, you all can check my progress here ShareVision | AGtrader

hope i can keep doing it, takes effort and discipline

AG
SDTAG
  • #866
  • Jun 22, 2022 1:47pm Jun 22, 2022 1:47pm
It's possible to make any percentage daily. Even 100%. I have a long thread which covers some stuff.

https://www.forexfactory.com/thread/...01-the-journey

To be shortened...

You can make any percentage daily depending on your system/style. You can also lose that percentage.

It's easier for a small account to rake in higher percentages - either due to it being really small or the risks being higher. The latter may be automatic due to the account size - but it may also be due to high risk on the part of the individual - you know, it's a small account so don't care much.

One of the accounts I blew while learning had dropped down to $14. I took that up to $80+ in a few days. VERY high risk. High percentage returns.

If I have a $100 account and I make 1% per day - that's around $1 daily. That will increase as the account does.

If I have a $10,000 account and decide to make 1% - that's $100. The risk is less on the bigger account - the percentage is the same, but the dollar amount is more.

As an individual - you decide your risk. If you want to take high risks on your account then go ahead. Not advised - but you're free to do so. You'll move into the realm of gambling instead of trading IMO. You'll get high risks and high returns if you're lucky. You'll blow the account very quickly if you're not lucky. Spreads and spikes are not friendly things.

Quoting Sdtag
{quote} Hi, I have been trying to do for the past months, you all can check my progress here ShareVision | AGtrader hope i can keep doing it, takes effort and discipline AG
I've not looked at the videos - but I see you're trying for 1% daily. It's doable. Keep at it. Keep pushing. Refine your strategy and go for it.
  • #867
  • Jun 29, 2022 11:53am Jun 29, 2022 11:53am
Had some time to trade this week and am getting better on demo. Wouldn't have the courage to trade this way with real money, but the practice is indispensable I think. If I can drop the fear when I eventually trade real account again ...
Anyway, it IS doable at least on demo to make at least 1 to 3% IMHO.
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  • #868
  • Jun 30, 2022 6:29am Jun 30, 2022 6:29am
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.
Actually, there is no certainty; so aiming a fixed target would be impossible! Sometimes, Forex market is very volatile but you can’t expect the same volatility in everyday! So, how can we have a fixed target when we have no idea on market’s nature? I do agree with you!
  • #869
  • Jun 30, 2022 10:05am Jun 30, 2022 10:05am
Quoting Maximilian80
{quote} Actually, there is no certainty; so aiming a fixed target would be impossible! Sometimes, Forex market is very volatile but you can’t expect the same volatility in everyday! So, how can we have a fixed target when we have no idea on market’s nature? I do agree with you!
Are you sure its impossible ?
EURUSD average daily range ( 1000 ) minimum is 0.0070
Nobody is telling you shoud expect to make 2 x ADR but 10 % of daily range can be done
I might be wrong , I have been wrong before
  • #870
  • Jun 30, 2022 11:40am Jun 30, 2022 11:40am
Quoting Konichiwhaat
After years of trading now and eventually finding my own "groove", I can answer this question "YES YOU CAN, AND CONSISTANTLY EVERY DAY"... but there is one slight problem... you will have a 99% win rate doing so. The day you finally have the "1%" day, it will be over.
then if thats the case, withdraw while you have the 99%...
Or have two accounts one that trades in the direction of the 99% and the other that looks for the 1% since based on your assessment the 1% seems to be so good why waste time on the 99%. Isolate the 1% scenarios and milk the market.
R:R "Percentage Focus"
  • #871
  • Jun 30, 2022 11:41am Jun 30, 2022 11:41am
Quoting Sdtag
{quote} Hi, I have been trying to do for the past months, you all can check my progress here ShareVision | AGtrader hope i can keep doing it, takes effort and discipline AG
the recipe for success is the effort and discipline...
R:R "Percentage Focus"
  • #872
  • Jun 30, 2022 5:06pm Jun 30, 2022 5:06pm
Quoting PrinceJ58
{quote} then if thats the case, withdraw while you have the 99%... Or have two accounts one that trades in the direction of the 99% and the other that looks for the 1% since based on your assessment the 1% seems to be so good why waste time on the 99%. Isolate the 1% scenarios and milk the market.
Yup, I have learnt to withdraw profits. I never used to. But now I'm more consistent, for every $200 I make, I withdraw $100. This way I get paid regularly and the compounding affect still works
Emotional Control. Process, not outcome.
  • #873
  • Aug 4, 2022 6:55pm Aug 4, 2022 6:55pm
Good day to all. As a new member, it is my first post. I am a full time forex and crypto trader. I am experimenting an account with around 50$ to earn 5% daily profit. At present I am starting it with a demo account and will post its result on daily basis. I hope I am not posting in wrong thread. If it is forbidden to post here, please let me know, I will remove it immediately. Thank you. Here with I am sharing the screen shot of the demo account on which I am trying to earn daily 5% of previous day balance.
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  • #874
  • Aug 4, 2022 7:08pm Aug 4, 2022 7:08pm
It's possible although a lot of people will say it is not possible.
  • #875
  • Aug 4, 2022 11:33pm Aug 4, 2022 11:33pm
I'm very surprised by all the people in this thread saying how possible it is to get 1% a day.

I just assume everyone in here must be billionaires or liars. Please excuse my bluntness.
  • #876
  • Aug 7, 2022 11:51am Aug 7, 2022 11:51am
Quoting split41
I'm very surprised by all the people in this thread saying how possible it is to get 1% a day. I just assume everyone in here must be billionaires or liars. Please excuse my bluntness.
//-----

there is no mention in post 1 of compounding..... someone with a 1000$ account would have to make 10$ a day..... sounds easy upfront, but your correct, even non-compounded, it's not....

1% per day might be within seeing distance but the lifestyle required to make it would never appeal to me..... too much like real work.....

minimum wage is more my speed.... really don't need to be a billionaire anytime soon....

please excuse my laziness....h
to trade and code, keep both simple... no call to impress....h
  • #877
  • Aug 7, 2022 12:41pm Aug 7, 2022 12:41pm
Quoting hayseed
{quote} //----- there is no mention in post 1 of compounding..... someone with a 1000$ account would have to make 10$ a day..... sounds easy upfront, but your correct, even non-compounded, it's not.... 1% per day might be within seeing distance but the lifestyle required to make it would never appeal to me..... too much like real work..... minimum wage is more my speed.... really don't need to be a billionaire anytime soon.... please excuse my laziness....h
well said
  • #878
  • Edited 6:32pm Aug 7, 2022 6:20pm | Edited 6:32pm
With all due respect, I do not believe that a trader should look at it a "per day", more like per month
It does not matter how good a system is there will be stretches that it will not perform because of
market conditions.
I have been trading for over 25 years and I had gambler trader friends that did not care so much about
there drawdown, illogical(cause if you aim for that be prepared to gamble) they cared only about the 1 % per day....
but 100% of them got hurt in the end.
I have not seen this happen ever(someone making 1% a day consistently), ever.
Look at the top traders on the planet, non
I would say if you can make 10% a month you are king of wall street
But what do I know....can't wait to see someone making 1% a day for a year straight....on a real account
Please do not show me a trade explorer that did it for a month or 2, when you gamble everything is
possible and on demo, but to do it for a year straight live good luck
If someone ever manages it, he will be one of a few, and we cannot use it as an example for every day traders
to pursue cause 99.99% will not ever even be in the same league, if they make 5% they should be super happy,
that would be 60% a year, 99% of hedge funds did not make that last year
Those who don't believe in magic will never find it
  • #879
  • Aug 7, 2022 9:52pm Aug 7, 2022 9:52pm
Sure it is possible, but likely for most people? No.

Have I done it before? Yes. Have I lost money trying to "chase" this idea, Oh yeah.

My advice after 8 years; Look for good trades/setups.

Never trade for the money, in fact, secret mental hack right here:
Hide your profits from your screen, and I guarantee you will be a better trader.
Love to talk on Discord: DividendGamer#1324
  • #880
  • Edited 6:24pm Aug 10, 2022 6:14pm | Edited 6:24pm
Quoting hayseed
{quote} //----- there is no mention in post 1 of compounding..... someone with a 1000$ account would have to make 10$ a day..... sounds easy upfront, but your correct, even non-compounded, it's not.... 1% per day might be within seeing distance but the lifestyle required to make it would never appeal to me..... too much like real work..... minimum wage is more my speed.... really don't need to be a billionaire anytime soon.... please excuse my laziness....h

With 1000 making 1% a day, you're a multi-millionaire in 5 years. With 30k initially, you're a millionaire in one and billionaire in 5 years. (Compounding, and if you're making 1% daily, why wouldn't you compound?!)

But yeah, making 1%/day consistently without any drawdowns is easy as long as you put in "real work" lol

Edit: Just to clarify, I think it probably has been done before as some others in this thread have said, but it doesn't work to scale and there there is a very high chance of drawdowns. I definitely agree with others to look at monthly rather than daily.
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