A gain of 2% per day = a gain of +/- 50% per month. Today I win 1.3% from my balance (3 trades = 3 win) with 2% of risk for each trades... I think that it's easy to win 1 or 1.5% per day with the Carneiro system. Thank you Carneiro
@8tango
First and foremost congratulations on your +1.3%.
This post is not really addressed to you in specific, but to all those who participate here.
Reality check:
- a 2% risk trade with 5 pip TP generally yields a 0.5% account growth on a live account.
Depending on the commissions you negotiated with your broker, slippage, liquidity (spread widening), etc. this percentage may vary a bit, but not much.
- this trading system system in itself has a very sound basis, but it is still highly dependent on trader discretion.
When to enter/not to enter, when to trade/not to trade, which pairs to trade/not to trade, etc etc etc
- You (and probably many many other traders) think that it is easy to win 1-1.5%, but from experience I can tell you it is NOT.
Trading on a 5 or 6 digit live account is very different from trading demo and repeating the same "trick" (or multiples if you take > 1 trade) consistently every day over a very extended period is tougher than you might think.
Some of you might have read the following (much disputed) statement:
only 5% of traders is profitable, the rest is losing money.
What do you think the rationale behind this statement is ?
As with many things, in terms of statistics, 95% of the observations lie within 2 standard deviations of the mean ;-)
(Read: 95% is losing money)
I sincerely wish all of you form part of this 5%, if not now in a very near future.
Those who persevere will succeed, but sometimes it comes at a high cost.
Trade safely.
LuXing
Wisdom begins in wonder
