Great thread.
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What percentage profit per day IS possible? 56 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
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DislikedGeez... I'm pleased with 0.5% a day. If I do extremely well, I can push it to 0.75% - 1%.Ignored
DislikedGeez... I'm pleased with 0.5% a day. If I do extremely well, I can push it to 0.75% - 1%.Ignored
DislikedIn My main method of trading, average profit is about 2-5% per day in 3 or 4 trade . if i need more profit i need to over trading and in most time the result goes to negative, in this thread my goal was ( and still is) achieving +10 percent per day but after some days this kind of trading didn't have continuous results and the accounts go down for awhile , i am still working for the aim of this thread and testing several new ways on this small account to find is there a way for this goal in every day trading or i should give up and back to my past...Ignored
Disliked{quote} Moral: NEVER hope for anything... just follow the trend & also try to follow H1 & H4 chart trend & then use M1 & M5 chart for gap trading or scalping... there actually is NO support or resistance line.... NOT for intra day tradingIgnored
Disliked{quote} Hello friend. I have been following this thread silently for the most part, but I have to say something here...your assumption is totally wrong. Sure, by all means decide a way that you can make work, but your "moral" here is totally untrue. I nearly never trade with the "trend" and I profit. Also, what is a trend? On what time frame does it become "valid?" Can you recognize it in time before it turns? Is support and resistance a line, or a zone? Do you really know what drives the market, and how those big guys operate? Most of the terms...Ignored
DislikedSure, I'll answer. Let me put it this way; Let's use the roulette wheel as an analogy, as it very simply sums up my approach. Say you are sitting in a casino, but you have an overhead view of a number of roulette tables, each spinning it's own wheel. You are watching, and for a while you see the usual patterns of red and black. So, lets say R, B, R, R, B, B, B, B, R, R.... and so on. Then, you see something on one table... B, B, B, B, B, B, B, B, B, B, B, B, B, ... So, ask yourself, with each spin being 50:50 in terms of red or black, what is the...Ignored
Disliked10% is an extremely high growth rate, and I don't think you could sustain it on a daily basis. However, if you hypothetically did, then you would be a millionaire in 74 days. {image}Ignored
Disliked10% is an extremely high growth rate, and I don't think you could sustain it on a daily basis. However, if you hypothetically did, then you would be a millionaire in 74 days. {image}Ignored
Disliked{quote} To match your graph , more than 10% per day would have to be achieved and a larger starting balance, as Compound Interest at 10% on 500 for 74 days makes 578,134.26. ( I can provide the calculation) But I would expect any trader with that mindset to gradually increase the lot size as the balance increased, and if sensibility kicked in a good percentage would come out and go into the Bank. (Wealth comes from what you keep, not what you earn) However I am starting with a smaller amount than 500, and I will stick to a plan and take good set...Ignored