+10% Profit per day | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What percentage profit per day IS possible? 67 replies

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

Personal Take Profit and Stoploss (per human, not per trade) 0 replies

Is 5% profit per day unreasonable? 18 replies

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

Attachments: +10% Profit per day
Exit Attachments

+10% Profit per day

  • #161
  • Jul 8, 2015 3:50pm Jul 8, 2015 3:50pm
Quoting tetis
{quote} I always prefer fixed spread and in my main account my broker( Fibo group) have this type but the spreads are a little more than ordinary floating accounts , in Exness i have several problem to calculate my s/l and most of my s/l have been touched because changing of spreads in last moments , maybe i should change the broker or change my plan for 10% profit per day if i want to continue trading with Exness {image}

In aiming for +10% profit per day, my approach would be to seek a low spread ECN, a MM would widen spreads to hit your SL when they get the opportunity (I think, but correct me). I'm enjoying Pepperstone atm I'm looking at Valutrades (their demo execution is amazing), then there's IC Markets.

Then with a shoestring account why aim for hundreds of pips to obtain +10%, that's too much work practice how you can capture small market moves with 10 pips you will net 10%, try it on demo a bit and you will surely get the hang of it, (4+4+2=10) something like that and sometimes some big momentum trade will net you 7, 12, 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Emotional.png Size: 106 KB
Let it turn and find your entry.
  • #162
  • Edited 7:42am Jul 9, 2015 7:18am | Edited 7:42am
my DMM FX DEMO account starting balance is $100,000 (100K) & already achieved more than $20,000 today!! wooow!

just imaging if it would my real account!!

btw... somewhere I cant remember i heard that over $50,000 live account cant scalping... & cant trade for only 10-20pips!!!! Its scary! Do you guys know anything about this?
It is the dust where you came from & it is the dust where you shall return
  • #163
  • Jul 9, 2015 8:00am Jul 9, 2015 8:00am
Quoting infernal199
my DMM FX DEMO account starting balance is $100,000 (100K) & already achieved more than $20,000 today!! wooow! just imaging if it would my real account!! btw... somewhere I cant remember i heard that over $50,000 live account cant scalping... & cant trade for only 10-20pips!!!! Its scary! Do you guys know anything about this?
You can scalp, you just may not be able to use high leverage at that point.
Let it turn and find your entry.
  • #164
  • Jul 9, 2015 8:19am Jul 9, 2015 8:19am
Quoting Intrepidpips
{quote} You can scalp, you just may not be able to use high leverage at that point.
for $100K equity balance I just using now is 20lots ONLY!!!! Is it high leverage??

$100,000 20lots

$10,000 2lots

$1000 0.20lots

$100 0.02 lots

So??? Its not high leverage right?
It is the dust where you came from & it is the dust where you shall return
  • #165
  • Jul 9, 2015 1:13pm Jul 9, 2015 1:13pm
Quoting infernal199
{quote} for $100K equity balance I just using now is 20lots ONLY!!!! Is it high leverage?? $100,000 20lots $10,000 2lots $1000 0.20lots $100 0.02 lots So??? Its not high leverage right?

I am used to higher leverage, on my Valutrades Demo with equity of $10,000 I do 10 lots, I'm ashamed to say I glossed over the elementary parts of trading, like leverage and lot sizing, just that I believe in using the power of Leverage and Compounding to get what you want from the markets.
Let it turn and find your entry.
  • #166
  • Jul 9, 2015 1:17pm Jul 9, 2015 1:17pm
Bloody day for my account today, a few lessons learned the hard way and of course transaction costs can eat into an ECN accounts profits, Mr Market took away all my weeks profits and some more today, but I still choose to continue this affair.
Attached Image
Let it turn and find your entry.
  • #167
  • Jul 9, 2015 1:24pm Jul 9, 2015 1:24pm
Quoting infernal199
{quote} for $100K equity balance I just using now is 20lots ONLY!!!! Is it high leverage?? $100,000 20lots $10,000 2lots $1000 0.20lots $100 0.02 lots So??? Its not high leverage right?
How fast is DMM FX execution speed?
Let it turn and find your entry.
  • #168
  • Jul 9, 2015 4:47pm Jul 9, 2015 4:47pm
Quoting Intrepidpips
{quote} How fast is DMM FX execution speed?
way more faster than EXNESS & fixed spread is awesome!

in EXNESS sometimes when you may want to close a trade manually very quickly but it will show you these stupid error massage

1. Off quote
2. Invalid price

bla bla bla
It is the dust where you came from & it is the dust where you shall return
  • #169
  • Jul 9, 2015 4:51pm Jul 9, 2015 4:51pm
Quoting Intrepidpips
Bloody day for my account today, a few lessons learned the hard way and of course transaction costs can eat into an ECN accounts profits, Mr Market took away all my weeks profits and some more today, but I still choose to continue this affair. {image}
woow! I knew that ECN has commissions for every trade but is it that much to wiped out profit? OUCH!!
It is the dust where you came from & it is the dust where you shall return
  • #170
  • Jul 9, 2015 4:55pm Jul 9, 2015 4:55pm
Quoting Intrepidpips
{quote} I am used to higher leverage, on my Valutrades Demo with equity of $10,000 I do 10 lots, I'm ashamed to say I glossed over the elementary parts of trading, like leverage and lot sizing, just that I believe in using the power of Leverage and Compounding to get what you want from the markets.
Even after used 20+20 = 40 lots in $122K equity balance my margin level showing that 270-290% that means another 20lots can be placed & I guess its 1:100 leverage that means low leverage compare to 1:200 or 1:500 & not to mention 1:2000!?!?
It is the dust where you came from & it is the dust where you shall return
  • #171
  • Edited 11:43pm Jul 9, 2015 11:17pm | Edited 11:43pm
btw... I personally inviting you especially "tetis" & "henry" for Alpari Virtual reality contest... It will start from 13 July & will last for 11 weeks!
Visit - http://alpari.com/en/contest/#contest=virtual_reality

Dont worry its not like NordFX where "Ghost" trader will participate & will gain 700% ROE within first day of contest!!! lolzz

I seen previous results of Alpari contest... 1st winner achieved max 300% ROE within 11 weeks!! its realistic NO cheating here

but, look at NordFX... within 2 weeks they achieve 181,000% ROE!! Full classed professional cheater!
It is the dust where you came from & it is the dust where you shall return
  • #172
  • Jul 9, 2015 11:17pm Jul 9, 2015 11:17pm
Quoting infernal199
{quote} for $100K equity balance I just using now is 20lots ONLY!!!! Is it high leverage?? $100,000 20lots $10,000 2lots $1000 0.20lots $100 0.02 lots So??? Its not high leverage right?
My advice: better go for 1-3% per day.
Trade and start like that:

$250,000 10 lots
$25,000 1 lots
$2500 0.10 lots
$250 0.01 lots
  • #173
  • Jul 10, 2015 2:50am Jul 10, 2015 2:50am
Yesterday's trading made me simplify my rules (like I said a WIP system) and yielding better results.
I distracted myself from my big ticket entry signal (that would have been +30% in one trade)
Have to run so I'm done.

Enjoy your weekend all.
Attached Image
Let it turn and find your entry.
  • #174
  • Jul 10, 2015 2:52am Jul 10, 2015 2:52am
Quoting infernal199
btw... I personally inviting you especially "tetis" & "henry" for Alpari Virtual reality contest... It will start from 13 July & will last for 11 weeks! Visit - http://alpari.com/en/contest/#contest=virtual_reality Dont worry its not like NordFX where "Ghost" trader will participate & will gain 700% ROE within first day of contest!!! lolzz I seen previous results of Alpari contest... 1st winner achieved max 300% ROE within 11 weeks!! its realistic NO cheating here but, look at NordFX... within 2 weeks they achieve 181,000% ROE!! ...
I will have to pass on this one.
Let it turn and find your entry.
  • #175
  • Jul 10, 2015 6:10am Jul 10, 2015 6:10am
Is it joke or something else... GBP/USD daily resistance level 3 crossed & still go UP for 50+ pips!!! I wont surprize if it goes up another 5000+ pips!!

Whats wrong!!! then why we even use S&R??
It is the dust where you came from & it is the dust where you shall return
  • #176
  • Edited 8:27am Jul 10, 2015 6:12am | Edited 8:27am
i lost down to $93 7% ROE for today... still gain for this week but from $110 to $93 just thought If I hold position from Resistance level 3 then eventually it will go down but 60+ pips already crossed!!!

then I think I should follow stupid trend from now on... as there is NO S&R... then why even bother for Supply & demand.... f*** bu***

Edit: Sorry forex for slang words Its my fault as i didnt follow trends... anyway within Monday I will try to cover all the loss & will reach to $110 again
It is the dust where you came from & it is the dust where you shall return
  • #177
  • Jul 10, 2015 8:52am Jul 10, 2015 8:52am
Good luck! don't give up mate.
Life is a game. Money is how we keep scores.
  • #178
  • Jul 10, 2015 9:42am Jul 10, 2015 9:42am
Quoting 100dollar
Good luck! don't give up mate.
thx bro already reached from $93 to $98.96 need another $10.99 for full recovery of today.... just a simple mistake of holding position & this what happen

I faced same kind of prob before several times... dont know which time I should quite from holding position & which time I shouldnt
It is the dust where you came from & it is the dust where you shall return
  • #179
  • Jul 10, 2015 10:11pm Jul 10, 2015 10:11pm
I guess with that case, try to divide your size to 2 or more. So you could buy again to avg down the prices if you believe in that the price will go to your direction.

On the other hand , when to hold/quit, try to adopt some simple strategy and set up rules on why close.

Some rules could be if fall below 10% capital, i will cut.
Or if price drop by more than 5% overall (in regards to the currency price), i will cut.
or other strategy which deem fit to your portfolio and capital.
Life is a game. Money is how we keep scores.
  • #180
  • Jul 10, 2015 10:50pm Jul 10, 2015 10:50pm
Quoting 100dollar
I guess with that case, try to divide your size to 2 or more. So you could buy again to avg down the prices if you believe in that the price will go to your direction. On the other hand , when to hold/quit, try to adopt some simple strategy and set up rules on why close. Some rules could be if fall below 10% capital, i will cut. Or if price drop by more than 5% overall (in regards to the currency price), i will cut. or other strategy which deem fit to your portfolio and capital.
yah... thats sounds good...but thinking now about previous fault of mine regarding this prob... I am trading since March 23 2015, dont have much experience to figure it out how to solve this kind of prob but,

within this short amount of time what I learn.... "Always try to follow the trend"

They said - Trend is you friend

& most of the time I didnt & hoping in certain point price will reverse as it reaches to S1-2-3 or R1-2-3 but... Its far more riskier than following trend! like tetis said before

& now what I am thinking is that - since Monday opening I will start practicing same strategy i used before but this time I will follow trend, even its short term

In this way Risk will minimize
It is the dust where you came from & it is the dust where you shall return
0 traders viewing now