+10% Profit per day | Page 17 | 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

  • #321
  • Jul 25, 2015 8:46pm Jul 25, 2015 8:46pm
Quoting trader34
{quote} If you think the secret to success is trading for 3 good days, then taking 2 off..good luck to you. Predicting the good days is akin to a holy grail. Sooner or later your 2 bad days will happen on supposed good days. The simple fact is, if you are gaining 30% in 3 days, then losing it all in the following 2 you are risking too much. Interesting you quote TRO. Here are some more of his quotes: * No one knows what will happen next. * Keep losses small and let winners run. * POSITION SIZE = RISK / STOP LOSS. * The reason you entered has no...
That is a thoughtful advice. I don't know TRO very well. Only that, "Its not what you trade, its how you trade" keeps me busy.

Please refer to my post earlier here: http://www.forexfactory.com/showthre...34#post8400334

That is my 'profitable days' as you implied earlier. I took this as a screenshot from my tablet. It is live account from EXNESS ECN. As you can see, i am a scalper.

I've highlighted some important criterias i want to show you:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-07-13-22-22-11 2.png Size: 277 KB


I do have my set of SL whenever i feel i need to. And, there's also TP here and there.

I increase my lot size after winning trades, and decrease it after losing trades.

I risk 1% account with considerable stop loss.

I trade any pair that suits my appetite at that time.


I don't have problem with ranging market, as i'm a scalper. I get few pips, i'm out. I can't stand the fact to be a swing trader, no offense.



Only that, i have problem controlling myself after 3 days in the market. "Its HOW you trade it".

I said that i need 3 days trading, the other 2 for rest - THIS maybe feasible for me. Not you. It's HOW YOU trade it. Its not HOW WE trade it.

You teach me your trading system, i maybe have problem understanding it. I'm confident its also hard for me to use it in my trading.





Enough said. Only one sentence to make the differences.. Its how you trade it.
  • #322
  • Jul 25, 2015 9:22pm Jul 25, 2015 9:22pm
Quoting trader34
{quote} If you think the secret to success is trading for 3 good days, then taking 2 off..good luck to you. Predicting the good days is akin to a holy grail. Sooner or later your 2 bad days will happen on supposed good days. The simple fact is, if you are gaining 30% in 3 days, then losing it all in the following 2 you are risking too much. Interesting you quote TRO. Here are some more of his quotes: * No one knows what will happen next. * Keep losses small and let winners run. * POSITION SIZE = RISK / STOP LOSS. * The reason you entered has no...
I think Money Management is the TRUE key of success... NO matter whether we use high or low lots... what do you think?
It is the dust where you came from & it is the dust where you shall return
  • #323
  • Jul 25, 2015 10:29pm Jul 25, 2015 10:29pm
Quoting infernal199
{quote} I think Money Management is the TRUE key of success... NO matter whether we use high or low lots... what do you think?
I think you are exactly right. A great method can be ruined by poor MM, and equally; a bad one can be improved. Whenever I test a new idea, i always take stats that will enable me to vary my approach to MM. Some things, like my M1 scalping are just high risk, and reducing it makes it not worthwhile for my account balance. if I had a few hundred thousand sitting in my account, i could easily run it at even a quarter of the risk profile, and it would then become worth it in a dollar sense. But with my main account, it simply isn't worth risking it for the gains i would get, because the system is an open grid style. As i mentioned previously, i did lose 60% of the account in a single basket a while back...that is why I won't apply it to my main trading at it's current risk profile. For now, i use it on a small account which i don't care about losing, and I rake in an amount that is basically beer money! As I said, i am aware of my gambling side, and this is my way of feeding it

@redwed:

Quote
I risk 1% account with considerable stop loss.

Thanks for the picture, I did notice some of your highlighted areas the first time and deduced you are a scalper. nothing wrong with that.
When you say you risk 1% on considerable distance, i really can't tell what distance from your picture, as some of the SL's are around 5 pips, others must have been modified as trailing stops because they are past the initial entry price in the direction of trade.

Personally, i use initial SL distance to calculate risk. As in the formula i posted in TRO's quote.
So, if I risk say 1% on a $1000 account over 20 pips, my lot size will be 0.05 (so each pip is worth 50c) with AUD as my base currency. Now, 20 pips isn't a considerable distance really, but in M1 scalping it could be.

I can't tell your balance from your shot, all i can see is "deposit 526.34"
I really hope this is not your total balance, because if it is, then yes I will say immediately that your lot sizes are too big, even on the lowest ones.

As I said, i'm not sure if that $526 is your balance, but if it was, with 0.19 lots, each pip is $1.50 (with your base currency+leverage) ish..or 0.28% of the account. So in 10 pips DD you would be sitting around -2.8%. Not what I would call 1% risk over considerable distance ...again...this is based on you're account being $526. If it's higher, then of course your risk profile will look better...but in my opinion, the balance would need to be over $1000 for that.

Quote
I increase my lot size after winning trades, and decrease it after losing trades

Is this based on tested data, and good reliability of signals? I mean, for this to work, you would have to have seen prior evidence of long consecutive win rates...otherwise all this will do is make that one loss at higher lot size take away most of your gains in one hit. Pretty much like the equity curve you posted earlier.
I've seen many an account burn with this style of MM. Some can make it work, but I've never seen anyone do it this way on a meaningful sized account...for long at least!

In general you are absolutely right, You can share your method and I won't like/get it. I have shared mine with people and only one person has actually used it well. Everyone sees things differently in this game of limitless possibilities.
TRO may be a lunatic, but he is right in your favourite quote.. it is how you trade it.
But, if you keep losing...you are trading it wrong
Wealth comes from what you keep, not what you earn
  • #324
  • Edited 11:52pm Jul 25, 2015 11:18pm | Edited 11:52pm
I hereby giving you all a proposal here -

How about We all create a DEMO account, better from the scratch, I mean totally new & use this DEMO account for High risk profile trading.... If we start from tomorrow then our discussion here will me much more meaningful...

As I already created my DEMO TE for that.... It will be awesome If you guys also do it

We will learn so many things from our mistakes about this "Mystical High Risk Fantasy Style Trading"

Note: Using Real for this is meaningless as NO one can last very much long as it confirmed by now... better use DEMO & learn something, rather use live to loose everything in the process
It is the dust where you came from & it is the dust where you shall return
  • #325
  • Jul 25, 2015 11:34pm Jul 25, 2015 11:34pm
What's the point of the exercise?
If you're not using a demo account for anything useful then it's absolutely pointless. If you demo a high risk idea that you'll never apply to live, it's just playing.
Not for me sorry. I use my time at the charts to make money or find ways to make more.

If you like I'll leave my live TE up..it won't make 100% weekly but at least it will show something real and achievable.
I have no interest in watching TE's on demo at the best of times.
Wealth comes from what you keep, not what you earn
  • #326
  • Jul 25, 2015 11:48pm Jul 25, 2015 11:48pm
Quoting trader34
What's the point of the exercise? If you're not using a demo account for anything useful then it's absolutely pointless. If you demo a high risk idea that you'll never apply to live, it's just playing. Not for me sorry. I use my time at the charts to make money or find ways to make more. If you like I'll leave my live TE up..it won't make 100% weekly but at least it will show something real and achievable. I have no interest in watching TE's on demo at the best of times.
I will try my new strategy with MM for next whole week... after that I will start live, not before that... I have to make sure its working

More importantly I lost my confidence after huge loss from $110 to $54
It is the dust where you came from & it is the dust where you shall return
  • #327
  • Jul 26, 2015 12:16am Jul 26, 2015 12:16am
Quoting infernal199
{quote} I will try my new strategy with MM for next whole week... after that I will start live, not before that... I have to make sure its working More importantly I lost my confidence after huge loss from $110 to $54
Understand. But I won't be opening a demo to test something I already do. For you, definitely try your method on demo initially. Just make sure your goal is a system which you can apply to a real account, not something that blows an account in a month. Money management should be what you are trying to focus on. Good luck.P.S. Don't make it your mission to impress. It's not a competition and you are only accountable to yourself. The moment you start forcing trades to keep a quota or beat some lifetime demo trader, you will have already failed. Take what you can, when you can.
Wealth comes from what you keep, not what you earn
  • #328
  • Jul 26, 2015 12:28am Jul 26, 2015 12:28am
Quoting trader34
{quote} Understand. But I won't be opening a demo to test something I already do. For you, definitely try your method on demo initially. Just make sure your goal is a system which you can apply to a real account, not something that blows an account in a month. Money management should be what you are trying to focus on. Good luck.P.S. Don't make it your mission to impress. It's not a competition and you are only accountable to yourself. The moment you start forcing trades to keep a quota or beat some lifetime demo trader, you will have already failed....
Thats why opened 2 DEMO 1st one is Realistic & 2nd one is fantasy... 2nd one is to Impress me first then every one hahahahah

I already give it a name Realistic VS Fantasy
It is the dust where you came from & it is the dust where you shall return
  • #329
  • Jul 26, 2015 7:22am Jul 26, 2015 7:22am
Quoting infernal199
{quote} Thats why opened 2 DEMO 1st one is Realistic & 2nd one is fantasy... 2nd one is to Impress me first then every one hahahahah I already give it a name Realistic VS Fantasy
You should try on a small live micro account. Trading psychology is a big part of the game and a demo account does not help with that
Shit Happens
  • #330
  • Jul 27, 2015 11:49am Jul 27, 2015 11:49am
XM execution speed is good but its spread is Huge... for

EUR/USD - avg 1.5-1.9
GBP/USD - avg 2.5-3.0

2x even 3x more spread than EXNESS
It is the dust where you came from & it is the dust where you shall return
  • #331
  • Jul 27, 2015 11:59am Jul 27, 2015 11:59am
don't trade XM.
you can try out their free 30$ high risk, maybe you get lucky and withdraw profit, but best to stay away from those spreads.
after all, you can have a sort of ECN account with many brokers, where your total cost of EU, GU, AU, UC, UJ, EJ... around bellow 1 pip...makes sense.
there is always, always another trade!!
  • #332
  • Jul 27, 2015 9:52pm Jul 27, 2015 9:52pm
Quoting profitfarmer
don't trade XM. you can try out their free 30$ high risk, maybe you get lucky and withdraw profit, but best to stay away from those spreads. after all, you can have a sort of ECN account with many brokers, where your total cost of EU, GU, AU, UC, UJ, EJ... around bellow 1 pip...makes sense.
Paperstone; IC Market?

Suggest few more
It is the dust where you came from & it is the dust where you shall return
  • #333
  • Edited 11:04pm Jul 27, 2015 10:26pm | Edited 11:04pm
Quoting infernal199
{quote} Paperstone; IC Market? Suggest few more
Where you are geographically will have an impact on who you can use, and how well. The same broker in 2 different countries can have very different standards of execution. I'm afraid it's a little trial and error. Ask other traders in your region who they are using, and what their experiences are. Can give some general idea, though worth remembering no matter which broker you look at, reviews online are next to worthless. There will be people claiming they are wonderful, and others claiming they are total scams...usually in equal quantity! Very hard to trust reviews.

In my opinion, stick with ones who are regulated in a respectable country, US, UK, Australia, New Zealand, Major EU nations. Avoid any regulated in Cyprus, Russia or some offshore tax havens. Also eastern bloc countries like Estonia or Latvia etc. Exness are an absolute no no to me.

As Profitfarmer rightly said, no sense in paying spreads over around 1pip on EU.
I personally will never understand why anyone would trade with anything other than a non market maker ECN account, but that's my opinion.

Also remember that sadly demo is no reflection of how well they will perform on live. Sure, the spreads will be the same, but execution is something you'll only truly see once you are trading live.
I use IC because I have had the least problems with them. Remember none of them are angels. you have to pick the best of a bad bunch!
Wealth comes from what you keep, not what you earn
  • #334
  • Edited Aug 29, 2015 12:05am Aug 28, 2015 8:51pm | Edited Aug 29, 2015 12:05am
My best trading results for this week, Infact this is history in trading for me.

The results : 134 %. in this week. I have withdrawn all profits and left only my capital. Next week this will continue.

Is it possible to trade like this?

Yes, it is possible.
Intraday only.
  • #335
  • Aug 29, 2015 1:39am Aug 29, 2015 1:39am
10% a day doesn't sound realistic... sounds like poor risk management ... you might get a few days run then blow it all up. Compounding your gains is a great thing! But 10% a day sounds very greedy! Show me somebody who's done it even over 6 months consistently.. You can't.. cuz the odds are too far off... why not try for something more reasonable.. LikE .5% TO 2% . As a small trader the only thing you have control over is your risk. Everything else up to the market. Your edge should be your risk. Stop playing the market with a $1000 account like its a $10,000 account and you will eventually get to 10,000 quicker then you think if you compound at even 1%
The only system that will work is one designed by and for yourself.
  • #336
  • Aug 29, 2015 12:34pm Aug 29, 2015 12:34pm
During the last month I was working to build a new system for trade with 10% profit daily and last week i reached a great success
my main trading system has changed and now I only trade with naked chart without any indicators or oscillators and moving ,
think need 2 weeks more to test it in different conditions of market and several instruments to find best setting, and then if the result was successful i will put them here.
  • #337
  • Aug 29, 2015 6:03pm Aug 29, 2015 6:03pm
Quoting tetis
During the last month I was working to build a new system for trade with 10% profit daily and last week i reached a great success my main trading system has changed and now I only trade with naked chart without any indicators or oscillators and moving , think need 2 weeks more to test it in different conditions of market and several instruments to find best setting, and then if the result was successful i will put them here.
Way to go, man!
  • #338
  • Aug 31, 2015 4:40pm Aug 31, 2015 4:40pm
well, it is 8.8 % returns today.

Initially was up by 10 % in Asia session on Monday be trading EU long. Then gave up 5 % when it hit stop loss while the price was down. Then traded on long and short in EU between 1.1180 and 1.1240, made 3.8 % more to finally make the day 8.8 %.

If you trade with discipline, it is possible to achieve.

Cheer up guys.

This post is to encourage you guys to trade with dicipline, pl. do not send PM's to me asking trading methods. I trade for myself and only for myself.

Trading a plan with discipline is important to succeed. Defining the risk is most important part in day trading.
Intraday only.
  • #339
  • Aug 31, 2015 5:35pm Aug 31, 2015 5:35pm
Quoting navk
well, it is 8.8 % returns today. Initially was up by 10 % in Asia session on Monday be trading EU long. Then gave up 5 % when it hit stop loss while the price was down. Then traded on long and short in EU between 1.1180 and 1.1240, made 3.8 % more to finally make the day 8.8 %. If you trade with discipline, it is possible to achieve. Cheer up guys. This post is to encourage you guys to trade with dicipline, pl. do not send PM's to me asking trading methods. I trade for myself and only for myself. Trading a plan with discipline is important to succeed....
Keep us updated yeah!
  • #340
  • Sep 1, 2015 3:43am Sep 1, 2015 3:43am
Quoting navk
My best trading results for this week, Infact this is history in trading for me. The results : 134 %. in this week. I have withdrawn all profits and left only my capital. Next week this will continue. Is it possible to trade like this? Yes, it is possible.

So possible m8 keep it up
Let it turn and find your entry.
0 traders viewing now