1% to 3% Per Day? All things are Possible | Page 46 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What percentage profit per day IS possible? 67 replies

7 pips per day? is it possible? 77 replies

All things are possible 5 replies

Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: 1% to 3% Per Day? All things are Possible
Exit Attachments

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

  • #901
  • Nov 24, 2022 10:38am Nov 24, 2022 10:38am
Quoting davelansing
{quote} lol, silly goose. Me thinks you need to re-think what you stated... "not knowing the direction make you guess"... EXACTLY. Do you look into your crystal ball and know 100% of the time the future path of the market? If your "prediction" is not 100% correct, then YOU are GUESSING = Gambling. This isn't hard to grasp, and it's no big deal. Trading = Gambling. And, yes.. a member since 2009.. and it's PRECISLY my knowledge that Trading is Gambling allows me to trade.... Best, Dave
you don't need crystal ball to read the market correctly all the time.
do you think long-term/swing traders gamble ? they are conservative traders and make 100% correct decisions every time.
"the public is not yet ready for it" W.D. GANN
  • #902
  • Nov 26, 2022 3:00am Nov 26, 2022 3:00am
Quoting Arcana
Doesn't 1% a day mean having to trade a lot or even using larger position sizes? Won't that raise the risk significantly? Something around 5-10% per month seems more realistic. Compounding at 10% per month can double your base capital in under a year. 100% returns a year by just aiming for 10%.
I have the same plan; 5% is my maximum monthly target but I believe anything is possible here! On the other hand, I am more conscious on money management plan rather than money making!
  • #903
  • Nov 27, 2022 12:47pm Nov 27, 2022 12:47pm
I doubt it very much. If anyone has provided any evidence tell me.

I am in a "social" trading platform where the broker makes a kind of ETF with your strategy where anyone can invest. You manage the entry-exit and they manage the risk of the position.

Well, the best trader of all:

- He has the last 7 years in positive with returns between 10 and 70%. Maximum drawdowm of 14%.
- He has quite a few months in negative, about 2-5 per year. 66% of weeks in positive and 50% of positive days.
- He currently manages 12 million in his fund, this year he will earn more than 500k $ in success fees.

And you guys say you make 1-3% daily which is light years ahead of this trader. Well, it is either a lie or you are multimillionaires.
  • #904
  • Edited 1:25pm Nov 27, 2022 1:13pm | Edited 1:25pm
The way I approach trading is, risking around .2% on each trade and taking trades with +5R target.

This means I can make 1% on a single trade. And if I take more than one trade on most days, I can make more than 1% per day even with some losses mixed in.

But the trick is this: you can’t expect every single day to be profitable, but if you control risk, and cut losing days short, certainly averaging 1% or more per day is doable.

And about the whole concept of growing a small account into millions is far fetched because of how the mindset changes as the account grows. Eventually your mind will not allow you to exceed a certain equity level (could be rare exceptions).

The better way to do it is use a prop firm and first become successful on the small counts, then qualify for the bigger accounts, applying the same risk parameters percentage-wise. Just my opinion and what has worked for me…

Edit: I also am not trading to “grow an account” rather I am trading to make withdrawals as an income. And will use some of the withdrawal money to try out for bigger accounts, which will then eventually be combined with my current live accounts. My target account size is 600k
  • #905
  • Nov 27, 2022 1:18pm Nov 27, 2022 1:18pm
Quoting BermeoFX
I doubt it very much. If anyone has provided any evidence tell me. I am in a "social" trading platform where the broker makes a kind of ETF with your strategy where anyone can invest. You manage the entry-exit and they manage the risk of the position. Well, the best trader of all: - He has the last 7 years in positive with returns between 10 and 70%. Maximum drawdowm of 14%. - He has quite a few months in negative, about 2-5 per year. 66% of weeks in positive and 50% of positive days. - He currently manages 12 million in his fund, this year he will...
I spoke a lot about this in the last 2 threads I started. Speaking for myself, I had to learn to manage risk on small accounts first as a professional trader.

But now I am testing the waters with larger accounts, and will start trading a 100k account this week or next. One needs to learn how to manage big accounts before they can make significant income…
  • #906
  • Nov 28, 2022 7:45am Nov 28, 2022 7:45am
1% or 2% possible at any day but planning for each day any specific number is a bad idea! I believe we can make a good amount of money by 3-4 good trades in a month! We don’t need hundreds of trades!
  • #907
  • Nov 28, 2022 4:48pm Nov 28, 2022 4:48pm
Much is possible with a high hit rate (A+ set-ups) and low draw down.
Life is too short to have anything but delusional notions about yourself.
  • #908
  • Nov 29, 2022 2:41am Nov 29, 2022 2:41am
Do you guys no anyone making 40% or more a month through trading?

I am just doing some simple thinking here. To make 40%, you need more than 2% profit days each trading day of the month. That seems a bit high risk.
You may want to reduce risk by trading less but to reach the goal of 40%, you need to trade larger which in return raises the risk again.

I for my part do not see how it is possible to make 40% a month or more.

I am here to learn. If you guys know of something else, please enlighten me.
  • #909
  • Nov 29, 2022 5:33am Nov 29, 2022 5:33am
Quoting Arcana
Do you guys no anyone making 40% or more a month through trading? I am just doing some simple thinking here. To make 40%, you need more than 2% profit days each trading day of the month. That seems a bit high risk. You may want to reduce risk by trading less but to reach the goal of 40%, you need to trade larger which in return raises the risk again. I for my part do not see how it is possible to make 40% a month or more. I am here to learn. If you guys know of something else, please enlighten me.
If a somebody was rather sure to make 40% a month, a somebody like that would double the leverage and make 80% a month.
And if a somebody was rather sure to make 80% a month a somebody would double that leverage and make 160%.
Thinking in advance how much you are going to make, to my experience, is a big problem.
I do as good as i can.
But some days if i make a good buck in 2-3 hours is stop it at that.
But i trade 5-20 positions a day, its very taxing staring at M1 all day so i try to manage my mental and physical resources.
My signature is: "Classified".
  • #910
  • Nov 29, 2022 5:34am Nov 29, 2022 5:34am
Quoting Arcana
Do you guys no anyone making 40% or more a month through trading? I am just doing some simple thinking here. To make 40%, you need more than 2% profit days each trading day of the month. That seems a bit high risk. You may want to reduce risk by trading less but to reach the goal of 40%, you need to trade larger which in return raises the risk again. I for my part do not see how it is possible to make 40% a month or more. I am here to learn. If you guys know of something else, please enlighten me.
I saw Nunix make 10-30% a day, live.
My signature is: "Classified".
  • #911
  • Edited 8:19am Nov 30, 2022 7:37am | Edited 8:19am
Attached Image (click to enlarge)
Click to Enlarge Name: 11 30 22.png Size: 29 KB

Indicators CAN help if you know how to use them. They may lag, but a sprinter cannot stop on a dime - unless a brick wall materializes in front of them instantaneously. The sprinter will carry momentum which needs a certain amount of time to stop. Any market reacts similarly. The trick is to sense that momentum and just part of it would suffice. Trend is your friend, etc. IMHO today's market trends less than in the past, perhaps because of black boxes and such, but there are still opportunities. I for one am still in the learning process after all these years. Don't fall for the line "the market is totally random". It can be tricky, but in my experience it is not random, YET.
Gonna check out Nunix.
  • #912
  • Edited 8:28am Nov 30, 2022 8:16am | Edited 8:28am
If you want to win money without many risk, it's not very difficult: use a Latency Arbitrage software, buy a broker company and trade on your own broker.

All brokers have plugins to detect this strategy of trading and when they detect it, they modify the condition of your trading account (by adding slippage for example) and you loose, loose and loose money. If you trade on your own broker company, you don't have this problem and you win, win and win money.

With this trading strategy you can get very large monthly gains, like the ones I made on one of my real accounts:

Attached Image (click to enlarge)
Click to Enlarge Name: trading.jpg Size: 107 KB

Attached Image (click to enlarge)
Click to Enlarge Name: trading-2.jpg Size: 110 KB

The only difficulty of this winning strategy is to buy a broker (with a valid trading license), the price varies from €500,000 to €1,000,000. I don't have that money but if some of you are willing to risk a few hundred or thousand euros then we can buy a broker together, trade with my software and then split the trading gains.
Guppy re-invented All Time Return: 83.3%
  • #913
  • Nov 30, 2022 8:42am Nov 30, 2022 8:42am
"ForexFactoryFX"...I like the sound of that. Oh wait it's taken.
  • #914
  • Nov 30, 2022 9:24am Nov 30, 2022 9:24am
Attached Image (click to enlarge)
Click to Enlarge Name: 11 30 22a.png Size: 30 KB
  • #915
  • Dec 15, 2022 9:42pm Dec 15, 2022 9:42pm
The answer is yes, you can. I do it every day and with one instrument, EU. Here are my recent trades, including todays trade. The trick is to not be greedy, be consistent, use your margin as a tool and not be scared of it.

Just a note, to do this I do not use a stop loss and instead set an emergency hedge order. I do use stop losses for other strategies and for other instruments.

Happy holidays everyone, take a break from the screens!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-12-16 12.31.21 EU.jpg Size: 169 KB
Emotional Control. Process, not outcome.
  • #916
  • Dec 16, 2022 2:09am Dec 16, 2022 2:09am
Quoting yaed
{quote} I saw Nunix make 10-30% a day, live.
Does he do it everyday and for how long?

I know traders who can make 50% in one day or trade but they don't do it everyday or every month.
  • #917
  • Dec 17, 2022 9:57am Dec 17, 2022 9:57am
Quoting Arcana
Do you guys no anyone making 40% or more a month through trading? I am just doing some simple thinking here. To make 40%, you need more than 2% profit days each trading day of the month. That seems a bit high risk. You may want to reduce risk by trading less but to reach the goal of 40%, you need to trade larger which in return raises the risk again. I for my part do not see how it is possible to make 40% a month or more. I am here to learn. If you guys know of something else, please enlighten me.
Yes, this is completely possible, but monthly return cannot be the same every month. We can talk about monthly return in average. Also such things depends on account leverage, trading instrument and etc.
  • #918
  • Feb 16, 2023 10:00am Feb 16, 2023 10:00am
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/
I can't login in fundseeder.com to check the top users.
Who is now on top in fundseeder.com?
  • #919
  • May 25, 2023 1:09pm May 25, 2023 1:09pm
Quoting Konichiwhaat
The answer is yes, you can. I do it every day and with one instrument, EU. Here are my recent trades, including todays trade. The trick is to not be greedy, be consistent, use your margin as a tool and not be scared of it. Just a note, to do this I do not use a stop loss and instead set an emergency hedge order. I do use stop losses for other strategies and for other instruments. Happy holidays everyone, take a break from the screens! {image}
Been a while i have checked in... Been busy at it...
This looks good man, thanks for checking in and making this post because alot of persons think its impossible if they cannot do it themselves.
R:R "Percentage Focus"
  • #920
  • May 25, 2023 1:10pm May 25, 2023 1:10pm
Quoting Arcana
{quote} Does he do it everyday and for how long? I know traders who can make 50% in one day or trade but they don't do it everyday or every month.
Yeah some people have a high reward to the risk they have, like 1:3, 1:5 or more, so when they risk 5/10% it is possible...
R:R "Percentage Focus"
0 traders viewing now