What percentage profit per day IS possible?
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Thread: What percentage profit per day IS possible?

  1. #1
    Daytrading equities throughout the internet stock and tech stock boom, with good tools, my advantage was huge. We had 10 to 1 margin, option hedges allowing lawful shorting on down ticks, and speedy execution systems. During volatile months over the course of a calendar year, it was quite common for even the weakest traders in our workplace to do 50 percent to 80% on the equity per month scalping.

    I just completed reading 's trading diary here on our site, check it out. 4% Each Day Forever.

    Lots of people posted that 4% a day ordinary is an impossible fantasy, perhaps rightly so.

    With Forex being the way it's currently, considering current volatility, leverage, etc., what's possible for a good trader scalping intraday?
    When does the vote at 4% = impossible swing to ?? % = possible for a good experienced trader after their commerce egy with proper risk management?

    This thread inspired by traders and forum members that have contributed a lot already. Acumen, Turveyd, TheFool, , , , and so many more. I've learned something from all of their writings and experiences. Though my first objective is to be profitable, I expect over time to show definitively that 1min TF Scalping could be profitable. As Fx-Petra once stated -
    10,000 trades @ 52% gain rate wouldn't be significant enoungh, from a mathmatical standpoint, to draw any conclusions. Yet, from a practical view point, if I were able to verify a system which might be a winner later 10,000 trades (or trials) I would start to get excited! .

  2. #2
    Nice to see that you started a thread.

    I concur.

    The sky is the limit at the financial markets profits ... the thing is that sky is determined individually by ones intellect and natural talents for trading.

    For some 2 percent a month is impossible ... for others ... it's simple task ...

    Just like in any other place in life.

  3. #3
    What's possible?

    Go with a 400:1 broker and get at least 100 pips along with Your Whole Balance on the commerce then you're talkin 400 percent return or MORE

    maybe you'll luck out and move an entire week with winners and end up with like $625,000 at one week

  4. #4
    I believe what he meant was, What is the average someone could make. Should you make 100% in 1 day, You will never Typical that more than time! I can make a pretty safe bet that I could take a $100 account, and twice it day I tried... so long as its not on a monday or friday I would also accept a challenge to turn a $1000 to $2000 in a week, with a fantastic amount of confidence I'd succeed. However, with these kind of returns, the brain becomes funny and foggy with the larger numbers and soon begins to freak out, which makes different trading decisions then when the account was little and no big deal in the event that you lost it all. . Thats why because my account develops, I concentrate more on maintaining that amount, then adding insane percentage returns every day. So while in my estimation it is no big deal to double and triple 4 and 3 figure accounts, its a far bigger deal to do the same with 6 digit and larger accounts. By this way wills be affected.

  5. #5
    Quote Originally Posted by ;
    I think what he meant was, What is the average a individual can make. If you make 100 percent ....with these types of returns, the brain becomes funny and foggy using the larger numbers and soon starts to freak out, making distinct trading choices afterward when the account was little and no big deal in the event that you lost it all... . .
    Very good answer dbeach, the percent of return isn't the issue, one's personal ability to manage large numbers is your issue. For someone used to 7 figure finances, a 4% return wouldn't be much if a problem on $100,000 K, but for someone employed to 5 figure finances at best, the exact same return on the exact same amount might just offer them sweaty palms!

    Then that fear could cause them huge troubles.

  6. #6
    I appreciate the replies. . .and I understand a variation of the question has been asked here at the forums by most.

    I have some expertise in trading distinct markets, but don't confuse that with me becoming a fantastic trader. I have way to go, and I am new to Forex. I hadn't really considered it before January of 2009 to be honest.

    I have some easy short time period methods (not System!) That I trade with, and am trying to use them to Currency Market. Inspired by other scalpers
    in this forum and the other I'd found via searches, I believe that some small edge can gained via short term price scalping. Possibly my estimate is high (or low), but assuming a percent1 profit anticipation per trade generally, over the long-term you can presume that following 100 trades at percent1 percentage risk per trade you'll have gained %1 profit.

    So in the event that you have techniques that can provide you a 100 trades a day, you need to be able to make %1 on capital (on average).

    This of course indies 1) No blow up trades! 2) taking every signal - No oh Im up $ (some level) I must stop for the day

    My example may be extreme, 100 trades per day is ALOT, I hope to define my personal edge as better than %1 that perhaps I can attain returns with 20-30 trades a day perhaps?

    We will see, like I said, I'm new to Forex. My first Currency Market account for $2000 in MB Trading is down about $300 for March thru September. I only traded it part-time, evenings (Asian sesson, 2 days a week) to get a sense of the Currency Market markets and also to begin my studies.

    I have opened a $2000 account at Oanda for scalping specifically, and also to track/trade my approaches (now more defined). Hopefully following 500-1000 trades I will get an estimation of my edge (if any).

  7. #7
    I Browse Trading in the Zone by Mark Douglas yesterday. You should in case you haven't read it. I wish I would have earlier.

    Last week, I did awful things. Some revenge trading, adjusting commerce size irrationally, etc.. Almost at my first 100 trades on my scalp account.

    Goals for next week:

    1. More trade time. (more than an hour or two here or there)

    2. Only EUR/USD. (smallest disperse, it's moving through the times I trade)

    3. Specify a maximum reduction per trading day, and adhere to it. (3%, with a commerce size of .6 percent of account)

  8. #8
    Quote Originally Posted by ;
    What AVERAGE percent profit per day is possible?
    Likely better than most men and women realise. The fluctuations in capital could be astounding though. Very few of us will have an advantage that big, and an amount risked to match it, so it is not worth considering. What might be worth considering is what is feasible for you, based on your advantage and endurance of variance.

  9. #9
    Quote Originally Posted by ;
    ....my edge was huge. ....
    This thread inspired by traders and forum members who have contributed so much already. Acumen, Turveyd, TheFool, , , , and more. I've heard something from all writings and their experiences.


    ....my first goal is to be profitable, ....
    It is extremely difficult, maybe impossible, to find consistent results in an inconsistent market.

    Do not know about others, but experience tells me Diversifiion in every facet of trading is the key to relatively consistent results. It reduces risk as well as the reward.

    Less is more.

    My advice is to not consider a certain, benchmark or likely % but concentrate on gaining whatever and if you can conveniently get. They would add up to something by the end of the calendar year, and if not, losses will not be debilitating - with trust alive and you maintain business.

    Within this company, no matter how smart or proficient people are, can't create a chance, we must wait around for you.

  10. #10
    Quote Originally Posted by ;
    within this business, not matter how skillful or smart we are, can't create an opportunity, we must wait around for one.

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