What percentage profit per day IS possible? - Page 3
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Thread: What percentage profit per day IS possible?

  1. #21
    1. I adhered into my stop loss limit per trade. (No losses over 10 pips).
    2. Scaled down to half size following revenge trade session when I was trading dual normal trade dimensions.

    Down 12% for the month. I am totally responsible for this.

    I switched pairs, by USD/JPY into EUR/USD. I cleaned up my screen a little. I had a Stochastics indior -- gone.

    I changed MAs, motivated by a few of TurveyD's M1 thread. 12 WMA, 55 EMA, 200 EMA I use such as a frame to make some discretionary choices.

    I've an opportunity for more screen time in November. I need to use it and not be lazy or satisfied with original, quick session gains.

    Trade size will be 0.9% of account.
    Stoploss is place for 7 pips with Oanda. (allows for slippage to 10)
    Max reduction daily 4.5%.

  2. #22
    Robdee,

    Me man, finally some action in the :--RRB- ... Hope everything's well with you and your trading.

    Too bad you did not include New Zealand, I would really like to see your percentage :-o


    m83


    Quote Originally Posted by ;
    The top 10 traders to your October 16, 2009 trading day are under *. These outcomes aren't month-to-date. They are just for the 24 hour trading day of October 16, 2009.

    http://forexforums.dailyfx.com/352991-post1.html

    1. United States - 466.09 percent
    2. Canada -352.29 percent
    3. United States- 348.72 percent
    4. Canada - 340.38 percent
    5. United States- 330.34 percent
    6. China- 241.16 percent
    7. China - 227.03 percent
    8. Japan - 195.82 percent
    9. United States - 195.81 percent
    10. Canada - 192.01 percent

  3. #23
    Those results are not real, they're only half-truth and since they're only for the 24 hour trading day. Any newbie can get the results and go bust in a week.


    Quote Originally Posted by ;
    The top 10 traders to the October 16, 2009 trading day are under*. These results are not month-to-date. They are for the 24 hour trading day of October 16, 2009.

    http://forexforums.dailyfx.com/352991-post1.html

    1. United States - 466.09%
    2. Canada -352.29%
    3. United States- 348.72%
    4. Canada - 340.38%
    5. United States- 330.34%
    6. China- 241.16%
    7. China - 227.03%
    8. Japan - 195.82%
    9. United States - 195.81%
    10. Canada - 192.01%

  4. #24
    I would be happy to make more yearly then my bank gives me at a high interest long-term deposit savings account. More or less many banks offer some fantastic interest rates (depending at the moment on where you are in the world) but with a fantastic approacj you can do better. If you're able to better the return from your bank then you are doing yourself (and your account) justice along with your learning possibly a new ability that will take your account to higher equity highs. I enjoy the satisfaction of that.

    Razor

  5. #25
    Quote Originally Posted by ;
    1. I adhered to my stop loss limit per commerce. (No losses over 10 pips).
    2. Scaled down to half size following revenge trade session once I was trading double normal trade dimensions.

    Down 12% for the month. I am totally responsible for it.

    I changed pairs, from USD/JPY to EUR/USD. I cleaned up my screen a little. Initially I had a Stochastics indior.

    I changed MAs, motivated by a few of TurveyD's M1 thread. 12 WMA, 55 EMA, 200 EMA I use such as a frame to make some discretionary choices.

    I've a chance for much more screen time...
    I dont even understand how you scalpers manage it. 7 pip SL (plus addition for disperse) is only a bump in fluctuations and there goes yet another transaction. I'm for you guys/girls, it seems like alot of screen time for a few grinding results. I happy to hear you've cleared up your screen. If theres one thing I could relate to its that I see so many traders using more dots and dashes compared to radar screens at Heathrow. Glad to hear youve cleaned it up, im Sure the picture will be alittle clearer for you understand

    Razor

  6. #26
    Thanks for the answers Razor Trader, I checked your journal as well, fantastic stuff out! My copy of Atlas Shrugged is still one of my most treasured books. I found a bumper sticker the other day having to do with the current market, Atlas Shrugged was a warning, not an instruction manual.

    Weekly update in my struggles...

    1. Tightened my stop one more pip, Oanda default set. . .so stop out is generally 5.9 pips roughly. My entries are pretty precise, usually when things are 4 pips or more from me at the first few minutes, they don't return. Many times I undo following a stop-out and may ch pips since price has moved just a short distance.

    2. Tightened my daily $ stop loss, took away $ figures and percent of account figures, and have decided to go with -20 pips.

    3. Same with daily goal profit goal, 20 pips.

    I am a grinder, I grind out pips one, 2, or 5 at one time. My plays aren't always specialized, many times it is watching PA and viewing some service or resistance on the 1 min TF.
    I believe there are lots of ( 100) opportunites to grab pips each day, that is why I think it's okay to set a profit goal. To get a scalper I believe it's doable, for a longer term trader with 5 setups daily, you can't predict what the market might give you that day.

    4. MM (sigh)... last month I retained the SL set up, but had any revenge trades with increased lot size. Sunday and Monday, beginning this week, I moved my stop on a few trades and of course that they moved 30 pts. They're less than 1% bets, I must be taking the stop and going on....just no explanation for this.

    Current egy:

    0.7 percent risk per trade
    20 pips daily goal
    -20 pips daily $ stop loss
    and I'd love to get more trades in per day.

  7. #27
    Quote in 's thread, 4% A Day Forever, early on...

    Just ran across this quote while reading Trade Your Way to Financial Freedom by Tharp.


    Quote:
    Nevertheless, my belief is that the largest profit percentages are created by short-term traders that actually have their plogy collectively. I have seen short-term traders who might make up to 50% or more per month (on small amounts of cash like a $50,000 account) if they were in tune with the market and also themselves.

    page 85, Trade Your Way to Financial Freedom, 2nd Edition, Tharp

  8. #28
    Im Planning for 2% a day hope this is resonable

  9. #29
    Radr?gwz
    Guest
    You can certainly do a lot more money in fx than in buying stocks, the rationale is that the high leverage.
    Ofcourse you could achieve the same thing buying stocks, but you would have to get a massive account in comparrision,
    when investing fx, you do not need a large account to begin with, you can still make money with a small account.
    This makes forex suited to investors that are small, and rather simple to start up.

    It is not possible to say how much you can perform per day, because it depends on a number of things
    and it's very individual, such as, the profitability of your trading system,

    there are many different trading methods and all have distinct ,winrate, risk to reward, time to trade,
    entry and sl methods, trademanagement, money management, etc etc. there's tons of variables playing here.
    Plus they will all impact the percentage of day you are hoping to achieve.

    From asking others, you simply get what they can do, which doens't mean which you can do the same, even in the event that you've got the identical method and rules.

    The very best thing you can do is find a method you like to trade and that suite your personality, or produce your own method,
    back test it to see if the concept is worth ahead testing in a demo account,
    and calculate your percent wins per day out there, then you've got something which hopefully will hold true in a live account.

  10. #30
    I have heard a lot about money management and risk management over the previous year, and I made my very own egy , that starts with only a little bit of money, but a lot of profit each trade. Believe it or not, but I do an average total profit of 60% per day. Thats possible, since I use a risk/reward of 1/3, meaning I win 300 percent on a successful trade. I mix that with using always 33% of the available deposit, that sounds just like a lot of risk, but its not, particularly once you start with only 10 or even 100 dollars. If we've 100$, I utilize 33%, that is 33$ reduction if I shed, however 100$ (300% Profit, remember?) If I succeed. So whenever a transaction is great, I double my money. If I shed, 77$ are abandoned, and I would use 33%, which is 25$, or so the reduction is obviously one third of what's available, which makes it (almost) statistically impossible, to loose all of your money. If you calculate a little bit, you may learn, that if you use a risk/reward setting of 1/3, you merely need to win 25% of your transactions, and you'd neither loose cash, nor win cash. If your Win ratio is greater than 25%, you will make money. If it is lower, you will loose Cash. And with a high Win Ratio of 70 percent or more, you can easily make 50% Profit per day. Obviously, your setting need to become 1/3 all the time, which means, it's a place and forget trade, you win 300 percent, or loose 100 percent of the single trade. There is a lot more for this Money Management Strategy, but I was able to exchange that way very very successfully.

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