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10% per day

  • #21
  • Dec 17, 2022 11:35pm Dec 17, 2022 11:35pm
In my opinion 10% per day is too high.
I've read that Professional traders target only around 2-5% per month. I would try to lower expectations of 10% per day and focus on quality trades each day so that my psychology does not get affected.
Overtrading just to reach the 10% target could also affect the psychology.
  • #22
  • Dec 18, 2022 8:35pm Dec 18, 2022 8:35pm
I think professional traders are only targetting a few percent a month. That seem ambitious. That sounds like throwing risk management out the window and yoloing it.
  • #23
  • Dec 22, 2022 1:12am Dec 22, 2022 1:12am
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 guess that this question is moved to Rookie Talk because it's actually a Rookie question.
Why are you even thinking about percentage gains? With leverage accounts it makes no sense.
What do you mean saying 10% per day? If you have 20 trading days, do you expect do make 200% a month? Or you want to make 10% everyday so at the end of the month your profit would be more then 500%?
You should not think about making money every single day, it's almost impossible.
Quoting d5400
I'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom.
I suggest you to stop thinking about these impossible numbers. Think about consistency.

If you can't stop thinking about all these unrealistic gains then you should take a red pill and find a ringing public telephone somewhere in the city, answer it and if you are lucky enough you will reveal the truth. (That's a joke).
  • #24
  • Dec 29, 2022 7:45am Dec 29, 2022 7:45am
https://www.forexfactory.com/thread/...2#post14268642
  • #25
  • Jan 22, 2023 2:12am Jan 22, 2023 2:12am
It is possible to make a 10% return on a trading day, but it is not likely and not sustainable in the long term.
Hello.
  • #26
  • Jan 29, 2023 10:12am Jan 29, 2023 10:12am
Quoting d5400
{quote} If you see 1%, you can see 2%. 10% is not too far after that.
Any luck?
  • #27
  • Jan 29, 2023 12:42pm Jan 29, 2023 12:42pm
Quoting Elknit
{quote} Any luck?
Luck is key. I looked at your TE. I like your return. But why are there no losing trades? You think luck is on your side?
1.02^200
  • #28
  • Jan 29, 2023 1:00pm Jan 29, 2023 1:00pm
Money management is the key for stay on this business.
Perfection is the enemy of good enough!
  • #29
  • Jan 29, 2023 1:05pm Jan 29, 2023 1:05pm
Quoting MichaelSch
Money management is the key for stay on this business.
I certainly agree with that. I only meant that everything else is luck.
1.02^200
  • #30
  • Jan 29, 2023 1:07pm Jan 29, 2023 1:07pm
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.
the area b/w wisdom and to be crazy is pi
pi is 3.14
3.14% max a day == the best trader in the world . . while 3.15 or higher gambling area
gambling itself is a none-recommended philosophy .. it is still a philosohy if one master math, master all other things and lose at least two of his teeth . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #31
  • Jan 29, 2023 1:18pm Jan 29, 2023 1:18pm
Quoting Macd-rsi
{quote} the area b/w wisdom and to be crazy is pi pi is 3.14 3.14% max a day == the best trader in the world . . while 3.15 or higher gambling area gambling itself is a none-recommended philosophy .. it is still a philosohy if one master math, master all other things and lose at least two of his teeth . .
I lost 3.5 teeth. I'm well on my way.
1.02^200
  • #32
  • Jan 29, 2023 1:23pm Jan 29, 2023 1:23pm
Quoting d5400
{quote} I lost 3.5 teeth. I'm well on my way.
regarding you ..
your posts, your signature mean that you understand and have a plan . .
not among "temporary" traders

2%<pi ===> probable successful trader . .
just try to diversify as much as you an . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #33
  • Jan 29, 2023 2:28pm Jan 29, 2023 2:28pm
Quoting d5400
{quote}Luck is key. I looked at your TE. I like your return. But why are there no losing trades? You think luck is on your side?
Why must we have a losing trade?
  • #34
  • Jan 29, 2023 2:41pm Jan 29, 2023 2:41pm
Quoting Elknit
{quote} Why must we have a losing trade?
To avoid margin call.
1.02^200
  • #35
  • Jan 29, 2023 2:44pm Jan 29, 2023 2:44pm
Quoting d5400
{quote} To avoid margin call.
Maybe. Or maybe, we can have a nice win rate without margin calls.
  • #36
  • Jan 29, 2023 2:50pm Jan 29, 2023 2:50pm
Quoting Elknit
{quote} Maybe. Or maybe, we can have a nice win rate without margin calls.
Win rates is just one part of the story. There's also unrealized DD% which TE will not show. If you treat the whole account as one position, that's fine, but also does not prove consistency on your part.
1.02^200
  • #37
  • Jan 29, 2023 2:54pm Jan 29, 2023 2:54pm
Quoting d5400
{quote} Win rates is just one part of the story. There's also unrealized DD% which TE will not show. If you treat the whole account as one position, that's fine, but also does not prove consistency on your part.
Not sure where this is headed..?
  • #38
  • Jan 29, 2023 3:01pm Jan 29, 2023 3:01pm
Quoting Elknit
{quote} Not sure where this is headed..?
Me neither. If you have some advice, I'm all ears.
1.02^200
  • #39
  • Last Post: Jan 29, 2023 4:08pm Jan 29, 2023 4:08pm
Quoting d5400
{quote} Me neither. If you have some advice, I'm all ears.
i forget the equation of your snake
but have the equation of your butterfly!
could any one try till he discover snake's shape equation? play with since/cosine or whatever!
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
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