Anybody here get their 10% profit daily with less risk??
You’re never going to get 10% a day with [B]LESS[/B] risk.
Trying for 10 a day would be an account buster.
If you can make wine out of water, you may get 10 daily.
LOL keep reading the forums and you will find an answer.
Why [B]10%[/B] daily?
Only 8 percent and more per day? What a bummer. I read somewhere one tries to make 100% every day. Drawdown, not roi. LOL! :18: :18:
why is this so hard. 52 weeks a year at 100 pips a week. Just start with 2k in your account and use 10:1 leverage. you are all set (sarcasm off). Here is the math with re-investing every dollar (hope it works).
I netted around 20 last week and this week im down around somewhere between 1-3% so far so… its not like you can do 10% every day and I risk 2% each trade so. Realistic value last week was about 14-16%?
A more feasible goal would be 1-2% a day which is what I aim for.
Personally, I don’t care about percentages. I care about cash. I try not to think about goals because the psychology leads to “trade-trade-trade” to make your goals, which is a recipe for disaster.
That said, I have a spectacular win percentage and can often do about 5% a day, when trades present themselves. All low risk.
Same as Tansen, I can do 10% a day on those days when I’m trading but you have to spread that over days that no trades are worth taking. So If I don’t trade for 2 days my 10% drops considerably per-day.
Trying to maintain a daily goal, IMO, is just bad mojo.
BTW. If I start a day with a loss. I take the rest of the day off.:27:
Why not tackle a more realistic and rewarding return over, say… a Month?
You would be amazed how much 10% does for a Trader over the entire month compounded. I am not one to sow discouragement… but let’s be realistic… nobody will ever see that return and survive long enough to make a career out of this business.
I know it might not be what you want to hear… or should I say read… but it won’t and simply can not be done. Now doesn’t that make you feel like starting fresh with a more appropriate goal?
[B]GLGT [/B]:57:
Is this Baited?
Who wants a boring old 10% a month?
I mean god… 0.5% a night? That can’t be rewarding!!!
7 votes so far… And the majority in the “8 and above” a day category.
One day a week for 8% and above, and the rest of the week at -3% a day doesn’t count.
This test either proves the “95% lose” theory wrong, or proves there are a lot of liars…
I’m going with the latter:D
Ok, I have some time to write,
Here is my story…
Im mentally weak, seriously…
And not saying that to be funny, or anything like that,… Why I say this, is, Forex realllllllllly tests the mental capacity ones brain might withstand. Im getting better, but, Not…
FOREX IS BORINGGGGGGG, But, Very enjoyable… I enjoy chasing the pips, and thinking, and " Being in the game", Feeling the flow…
I have been doing the SAME EXACT THING every single day for the last year. I wake up, the first thing I do is turn on my Monitor and check the chart. Eyes not even open yet, seriously… Am I at he top of a Trend? Maybe, but Every single waking minute, it counts…
But here is not need for all that, its just routine right now, slowly breaking it tho…
If I dont get greedy, and can find something else to do, I usually grab 10% in 1.5 hours…
5% is consistant, sometimes get 20%-30% in a day, but I blow it, because I have nothing else to do, that I enjoy anyways,
Last week, I Hit 67%…
I cant wait to get my house, with a garage, and my 64 impala to start a rebuild, then, I will have time to waist. But in the back of my head, it feels as if Im missing something, and continue to fix my faults, but My faults isnt my trading, its the Consistant, mind draining, numbers crunching, eye taxing, mouse finger fatigue. I can last a good 2 hours, then Im done…
I just need to step away, but its hard…
And, Im High risk also, usually around 75%
To hit my daily 10%, I need around 40-50 pips, thats it…
master tang… i dont think so … if u step do with bit care, but not with a big lot size and leverage…
i m in try to make wine out of water then…
lol… thats y i made a poll here…
u can double the money in one day…that will be extreme…
This has got to be a joke thread…
You know that some intitutional funds only get 10-20% a YEAR??
Of couse they are playing with more money. But 10% a day (CONSISTENLY) is ridiculous for any trader and if anyone wants to challenge that by all means I’d like to hear your argument.
Also the more returns you want, the more risk you have to accept, it’s just the way it works, no way of escaping it.
Honestly, even 2-3% a day is hard, see how much $1000 turns into assuming you traded 250 days/year and got 3% everyday. It gives you ~$1 619 221.18 in roughly a year.
Personally, my goal is around 22-30%/month, and I don’t think about daily, or weekly goals, they’re too specific, you’re not going to achieve them. It’s all about letting the Law of Big (Large??) Numbers come into play to grow your account.