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4% A Day Forever

  • #1,421
  • May 18, 2014 12:00pm May 18, 2014 12:00pm
Quoting FXSayWhat
{quote} ​ After spending hour reading you post, i must say your honesty was questionable after 11/30/09.
Whatevs, I'm not gonna revisit the past. I'm a better trader, now, by far, though. I made and lost money trading fx. In searching for ways to protect my returns from a heavy tax hit, I began trading from tax-sheltered vehicles. And I couldn't trade fx with leverage from those. So I have moved to trading options mostly.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,422
  • May 19, 2014 12:04pm May 19, 2014 12:04pm
Quoting The Fool
{quote} Whatevs, I'm not gonna revisit the past. I'm a better trader, now, by far, though. I made and lost money trading fx. In searching for ways to protect my returns from a heavy tax hit, I began trading from tax-sheltered vehicles. And I couldn't trade fx with leverage from those. So I have moved to trading options mostly.
I am a scalper at west cost too. Come back pick up where you left off and give me a reason to subscribe this thread.

If not, that's fine too. Good luck.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,423
  • May 24, 2014 6:15pm May 24, 2014 6:15pm
There are a lot of us west coasters out here. Sometimes I am kinda zombie-ish. I think the whole idea of Zombie movies came from watching west coast traders trading the London market and then working the next day.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,424
  • May 25, 2014 11:01pm May 25, 2014 11:01pm
Quoting Rufus
There are a lot of us west coasters out here. Sometimes I am kinda zombie-ish. I think the whole idea of Zombie movies came from watching west coast traders trading the London market and then working the next day.
Rufus, the struggle is real. It's good you understand.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,425
  • May 26, 2014 5:10am May 26, 2014 5:10am
Quoting Rufus
..... I think the whole idea of Zombie movies came from watching west coast traders trading the London market and then working the next day.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,426
  • Jun 11, 2014 10:38pm Jun 11, 2014 10:38pm
I used to bitch & moan constantly about staying up to scalp fx pairs at the FoLo. Since I started trading options I just need to catch the NYSE open - 0630 here, not bad - I like getting up early anyway. ("Early to bed, early to rise makes a man healthy, wealthy, and wise." - Ben Franklin.)

I almost always do some trading around the NY open or around the close - so I can do the latter over about 1/2 hr at my lunch break. If I had to I could get all my trading screentime done from about 0600-0700 and at lunch, 1230-1300. So I can work a normal job and all trading income gets plowed back into IRA accounts where I (mostly) trade from.

I am better off by far without the overnight marathon screentime m.o.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,427
  • Jun 12, 2014 10:36am Jun 12, 2014 10:36am
Quoting Rufus
There are a lot of us west coasters out here. Sometimes I am kinda zombie-ish. I think the whole idea of Zombie movies came from watching west coast traders trading the London market and then working the next day.
Haha, funny. Heya boys, hope TF and Rufus are doing well.

I've had lunch with both of these gentlemen, great guys.
  • #1,428
  • Jun 15, 2014 3:51pm Jun 15, 2014 3:51pm
Quoting sam0182
{quote} Haha, funny. Heya boys, hope TF and Rufus are doing well. I've had lunch with both of these gentlemen, great guys.

I still think about that lunch. A super time . Sometimes I think that Fx traders don't get out enough. Forex revolves around our charts and an occasional chat with someone on a forum who could be on the other side of the globe.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,429
  • Aug 29, 2015 11:23pm Aug 29, 2015 11:23pm
4% a day forever? Seriously? I have a new goal: 4%/month. Forever? Well, forever is a long time. But, even at 4%/month, I could see slacking off in the next 6-8 years, which takes me to about normal retirement age. The first column in the spreadsheet attached shows an annual cash contribution of $6500. That's my limit on a Roth IRA. I strongly recommend them. All gains are tax-free. 4% a month I can do. I just had a 25% month in one Roth IRA account. Not bragging, I know many of you wizards can do that, too. But even a very modest goal, like 4%/month, month-in, month-out, can add up to an impressive amount over time. Just keep scaling up the trade size, be patient, stick to trades that you really know will work, root out the gambling impulse, and above all, don't lose. Good luck and Happy Trading.
Attached File(s)
File Type: xlsx trade-projection-001.xlsx   22 KB | 728 downloads
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,430
  • Aug 30, 2015 7:28am Aug 30, 2015 7:28am
As Einstein said "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it."

However am wondering what happened to the speedo plan...
Kill the ego, or it will kill the mission.
  • #1,431
  • Dec 7, 2015 9:04pm Dec 7, 2015 9:04pm
I read through this entire post and found it really interesting and inspiring. If I could make 2% a day consistantly I would be happy.
  • #1,432
  • Sep 22, 2016 12:47pm Sep 22, 2016 12:47pm
Quoting mozart4646
I read through this entire post and found it really interesting and inspiring. If I could make 2% a day consistantly I would be happy.
not 2% daily but rather 10 times less; 0.2 % daily consistently means ~ 4 % monthly consistently which is ~ 60 % each year consistently.
Once A Trader Always A Trader.
  • #1,433
  • Jun 21, 2022 5:46pm Jun 21, 2022 5:46pm
lol, I don't trade fx anymore, but I am still trading, options only, mostly the big index options, on SPX and QQQ and IWM, some other very liquid names also.

I come back here to comment about setting goals: I think it's good to have regular profit (and loss) targets/limits, and it's important for those to be realistic. These should fit into hard limits about how much you may risk - either on any given trade or position, as a % of overall equity, and so on.

Currently, I am looking for a minimum return of 1% per week in any active account, on average. I will put at-risk up to 10% of equity, but I am always hedging positions in various ways, so it's very unlikely I could have a total loss of capital risked.

Having realistic goals will help keep you out of trouble. If you are risking too much, it means (mostly) you are probably under-capitalized. Most under-capitalized traders who risk too much will fail and blow their accounts.

All the above many have said before, but it bears repeating.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,434
  • Last Post: Sep 18, 2025 8:13am Sep 18, 2025 8:13am
Hello Mr.Fool, it's good to see a veteran trader still active in this community. I'm a forex trader who is interested to learn news trading. I know you don't trade forex now, but could you please suggest a strategy based on your past experience. Thanks in advance.

Btw are you a billionare now? I mean 4% a day
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