1 Million $ in 1Year at 10pips/day vs 100%/yr = great trader

1. It is often quoted that fewer than 1% of traders can double their account in one year, that is, fewer than 1% of traders can realize a 100% or more return on their account in one year.

2. If you can make ONLY 10 pips a day every trading day you can turn your starting account of one full lot, a mere $1-3000 depending on your broker's leverage and cost for one full lot, into 1 million dollars in a year.

So if you are that exceptional trader, in the top 1%, you would be able to turn that $1-3000 into between $2-6000 IN ONE FULL YEAR.

However if you get those 10 pips a day you would by year's end have a thousandfold return in a year, making you seemingly the greatest trader of all time.

Supposedly Larry Williams, who won a trading competition where he increased his account 100-fold, has not had his record matched to date. 100-fold is not 1000-fold.

Why is 10 pips a day seemingly impossible to do? Or is it? It seems a modest enough goal.

Thoughts?

if you go for 10 pips a day, its conservative, but not all will be winners, and the losing trades, will probably be more than 10 pips loss

very good spread sheet

thankyou

'10 pips per day'...dream of every newbie. In reality it takes a lot of losing trades before 'few' winning occur.

It is better for me to think about monthly 200-400 pips or two months 400-800 pips rather than 10-20 pips per day.......10 pips per day may make you mad as you will face losing ones also and the losing ones will make extra pressure on you.........Ain't it? ........and the opportunities is limited when you will try to make 100 per day.......

And do you want to trade on 100 times leverage??????This is just madness and this will just ruin your trading life within very short time.......If you use 100 times leverage then your 30 pips draw down will take way 300$ from your balance and you have to make 40 pips next trade to make 10 pips per day.........And there is no assurance that you will not lose 30 pips in your next trade.......So there is a big gap in your methodology what you are thinking..... .......It is just dangerous to trade above 10 times leverage .........
with regards
kawser