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10% per day

  • #1
  • First Post: Dec 1, 2022 8:42am Dec 1, 2022 8:42am
I'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom. I'm trying for 10%, but get -10%, or -100%. That's incorrect.
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  • #2
  • Dec 1, 2022 8:54am Dec 1, 2022 8:54am
Quoting d5400
I'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom. I'm trying for 10%, but get -10%, or -100%. That's incorrect.
hi
what's your experience?
how long have you been trading ??
  • #3
  • Dec 1, 2022 3:20pm Dec 1, 2022 3:20pm
Quoting ElenDen
{quote} hi what's your experience? how long have you been trading ??
This is your first post on FF, congratulations. I've been trading long enough and have enough experience to understand any wisdom you hit me with. Go ahead Elen, do you have an idea?
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  • #4
  • Dec 1, 2022 3:25pm Dec 1, 2022 3:25pm
Also, I think it's funny that this thread was moved to Rookie Talk. If you don't make 10% per day then you're a rookie?

What 1-2% per day? blah, shoo rookie.
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  • #5
  • Dec 1, 2022 10:17pm Dec 1, 2022 10:17pm
what is your sample size and success rate? if you dont know this then this should be your first step.

For eg 20 trades over a 12 hour trading period. (one minute chart), 70% success rate. Risk one percent per trade, If your aim is 1:1 then you need to win at least 14 trades over 20 to achieve your 10% per day. (aproximate)
life is a reflection of what we allow ourselves to see
  • #6
  • Dec 2, 2022 12:13am Dec 2, 2022 12:13am
Quoting d5400
I'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom. I'm trying for 10%, but get -10%, or -100%. That's incorrect.
Use Asymmetrical Compounding and a 1:3 Risk to Reward ratio in %

With 2 consecutive wins you will surpass your target...

Trade 1, 1% ---> 3% (winning trade at a 1:3)
Take the 3% you just won and combine that to 1% for a total of 4%
Trade 2, 4% ---> 12% (at a 1:3 Risk to Reward ratio for a winning trade)

On paper you can lose 3 of 5 and break even...

Trade 1, 1% ---> 0%, balance -1% on a losing trade
Trade 2, 1% ---> 0%, balance -2% on a losing trade (this is where i would stop for the day)
Trade 3, 1% ---> 3%, balance 1% on a winning trade with a 1:3 Risk to Reward
Trade 4, 4% ---> 0%, balance -3% on a losing trade (3% from previous win plus 1% for the current trade)
Trade 5, 1% ---> 0%, balance 0% on a winning trade with 1:3 risk to reward ratio

Now obviously there are missing variables; spreads, commissions, was your 1% fixed or fluid so it won't be as neat and tidy as above, but if you want 10%/day aiming for 12% should get you there.
  • #7
  • Dec 2, 2022 11:26am Dec 2, 2022 11:26am
Quoting WizardOForEx
{quote} Use Asymmetrical Compounding and a 1:3 Risk to Reward ratio in % With 2 consecutive wins you will surpass your target... Trade 1, 1% ---> 3% (winning trade at a 1:3) Take the 3% you just won and combine that to 1% for a total of 4% Trade 2, 4% ---> 12% (at a 1:3 Risk to Reward ratio for a winning trade) On paper you can lose 3 of 5 and break even... Trade 1, 1% ---> 0%, balance -1% on a losing trade Trade 2, 1% ---> 0%, balance -2% on a losing trade (this is where i would stop for the day) Trade 3, 1% ---> 3%, balance 1% on a winning trade...
This is good. I use a less aggressive parlay.
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  • #8
  • Dec 2, 2022 11:31pm Dec 2, 2022 11:31pm
Quoting d5400
I'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom. I'm trying for 10%, but get -10%, or -100%. That's incorrect.

Do you really believe 10% is a valid daily target? It’s really too much; even 10% as monthly target is too large!
  • #9
  • Dec 3, 2022 9:13am Dec 3, 2022 9:13am
Quoting jonstewart
{quote} Do you really believe 10% is a valid daily target? It’s really too much; even 10% as monthly target is too large!
If you see 1%, you can see 2%. 10% is not too far after that.
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  • #10
  • Dec 4, 2022 7:53pm Dec 4, 2022 7:53pm
I think you should have a clear direction on your trading strategy, target by week/month instead of day.
  • #11
  • Dec 4, 2022 8:05pm Dec 4, 2022 8:05pm
Quoting rovifx
I think you should have a clear direction on your trading strategy, target by week/month instead of day.
I'm not a machine. My attention span is about 5min. I can't even plan next 15 minutes. All I can do is repeat same thing over and over, when I can. What will be the net result I don't know. Good luck on your journey.
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  • #12
  • Dec 4, 2022 8:23pm Dec 4, 2022 8:23pm
Quoting d5400
{quote} I'm not a machine. My attention span is about 5min. I can't even plan next 15 minutes. All I can do is repeat same thing over and over, when I can. What will be the net result I don't know. Good luck on your journey.
Do whatever you think is right. After 1 week/month, review the results. Even the best can't win all the time. So instead of trying to win every day, stretch it out. Some suggestions, good luck on your journey.
  • #13
  • Dec 4, 2022 10:20pm Dec 4, 2022 10:20pm
Quoting rovifx
{quote} Do whatever you think is right. After 1 week/month, review the results. Even the best can't win all the time. So instead of trying to win every day, stretch it out. Some suggestions, good luck on your journey.
Also very wise words, even though I am still hanging out in the playground, I am training myself if I lose 2 trades to shut it down... Then I come back the next day (or in three days), with a basically a clean slate because I can get back to even with two or three wins.
  • #14
  • Dec 5, 2022 3:19am Dec 5, 2022 3:19am
10 Percent is possible with very small accounts. That can be done daily with entry at the times markets move quickly to either side. You just step in and before you know what you are doing you can be up 10 Percent.

However if you have an account size that is larger many people dont think of things like 10 percent targets per day. Unless they are ready to lose their shirts.

Therefore if you want to experiment with 10 percent per day have 10 accounts with 50 dollar each and try it, when one account is down switch to the other. However eventually you may realise its a waste of time.

Hope that helps you
  • #15
  • Dec 5, 2022 8:07am Dec 5, 2022 8:07am
Quoting d5400
{quote} If you see 1%, you can see 2%. 10% is not too far after that.

Again, in a long run, 10% is not looking like an achievable target! But if you are making it; congratulations!
  • #16
  • Dec 5, 2022 8:18am Dec 5, 2022 8:18am
Quoting jonstewart
{quote} Again, in a long run, 10% is not looking like an achievable target! But if you are making it; congratulations!
That's probably the whole point: not to spend too much time making money.
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  • #17
  • Dec 7, 2022 3:46am Dec 7, 2022 3:46am
I had a trading journal here in ff about +10% Profit per day years ago.
The most important principle is that not insist on trading every day, enter the trade by analyzing the market on days when you see the potential to make a profit.
In order to avoid the problems caused by brokers in withdrawing large amounts, it is better to consider a certain limit for profit, for example, after 3 weeks or for example, 1000% of profit, you should withdraw.
good luck
  • #18
  • Dec 10, 2022 11:39am Dec 10, 2022 11:39am
Quoting d5400
Also, I think it's funny that this thread was moved to Rookie Talk. If you don't make 10% per day then you're a rookie? What 1-2% per day? blah, shoo rookie.
I think it was moved to rookie section, because only rookies think they can make 10% in a day. Reality is much different. If you can make 10% in a month it is super awesome, but I have never seen a trader that can average 10% a month for few years yet allone 10% a day. If somebody can make 10% a day constantly they would own the planet in few years... This is not possible if it were we would seen some traders on Forbes top 100 rich list and there are none there...
  • #19
  • Dec 10, 2022 11:43am Dec 10, 2022 11:43am
Quoting oportunis
{quote} I think it was moved to rookie section, because only rookies think they can make 10% in a day. Reality is much different. If you can make 10% in a month it is super awesome, but I have never seen a trader that can average 10% a month for few years yet allone 10% a day. If somebody can make 10% a day constantly they would own the planet in few years... This is not possible if it were we would seen some traders on Forbes top 100 rich list and there are none there...
Sometimes it is easy to make money, but it is always hard to keep it.
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  • #20
  • Edited Dec 11, 2022 2:47pm Dec 10, 2022 4:40pm | Edited Dec 11, 2022 2:47pm
Nearly anything in life is possible, but many things are improbable at the same time. There have been traders in FF who consistently made 2% returns (consistently I say) per day but they are rare indeed. There are many who make a home run once per month but again, it’s rare. And, if you remove all the demo traders disguised as live traders, who try to look like hero’s every day in FF, by posting huge returns, trading 2, 4, 10 lots every swing, always catching the bottom or top of seemingly every swing, if you remove them from posting as well as the deleted loss trades that never seem to show, well, there wouldn’t be many left in FF.

So, 10 % return per day??
Sorry to say there isn’t anyone here to help you.
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