no no leverage is a killer. No more than 100, tops 200. When we are winning it is ok, but when things go in the opposite direction, then your account evaporates in a thin air.
If we use proper leverage according to the money we had in our capital it will never be a risky trading for us. I use less than 1% in trading . I avoid multiple trading because it uses a big share from my invested amount. My targets of profit are also low in percentage , I am making round about 1% profit on regular basis.
I think anyone can make money one day, one week or one month but it is doing it consistently over the long term and making it profitable that we need to measure. I for one think it is better to look at trading periods by months, quarters and years. Days and weeks (and even months) can often not be consistently repeated. I like to track performance over these periods and keep a main excel sheet with these numbers on and the data never lies, irrespective of how we may feel.
Scalping is one of the best trading strategies. It is never a bad thing. As long as you know what you are doing and following a good money management plan, you will succeed. I am a hardcore scalper using Profiforex Mt4 platform and I have been doing fine. Also, with scalping you can maintain a 1% consistent profit. More explanation: 301 Moved Permanently
I think having a goal of 1% gain per day consistantly, is unrealistic and may cause you to overtrade. I am new to trading and have not even started demo trading, so take what I have to say in that context. I think your real question is " Can I get 1% return daily?" If you can design a trade system and execute it properly then having some months over 20% return is possible. A sytem with a 50% win rate, 2:1 risk/reward, a trade frequency of 5 trades per week, risking 2% per trade.
monthly preformance = trade freq. (position size x expectancy)
expectancy = R winner(winning %) - R loser (losing %)
exp = 2(50%) - 1 (50%)
expectancy = 0.5
Mop = 20 (2% * .5)
MoP = .2
Monthly Performace is 20%
There is your 1% per day. Hope this helps
just 1% is very easy guys…
I can gain more than 1% per days…
My weapon is my best EA…
I thing we can make much more than 1% daily returns on zulutrade, correct? Or, I am wrong?
I have been trying to answer your question for 5 years. After a lot of experimentation i know that it is possible and further more its not 1% per day, but at least 1% per trade. It is a matter of having a very good defensive game. It is about entry, leverage and your management of profit gained. Its possible to get far more than the 1% but protecting and making sure that at least 1% comes home with you once your in profit can be done. I can show proof. The area that i am still working on is my own sense of greed. Once target are hit taking profit based on my system and not trying to get even more. My greed has been my downfall. I am hoping my internal work on self will pay off. But without doubt what your asking can be done and its done in excess of that 1%
[QUOTE=“TyeWfx;576550”]I thing we can make much more than 1% daily returns on zulutrade, correct? Or, I am wrong?[/QUOTE]
Yes, you are wrong.
Is is possible to not lose 1% a day…
Actually You are the one that is wrong, check my previous posts to see the actual numbers of what i’ve earned over the years !
[QUOTE=“EDDY MO;576910”] Actually You are the one that is wrong, check my previous posts to see the actual numbers of what i’ve earned over the years ! ;)[/QUOTE]
Don’t make me laugh man, you are such a clown… Thanks for the comedy routine!!
I have some traders who are consistently investing in stocks and commodores, they are not attaining big still happy with the results. I can suggest that getting forex signals services can broad your communication area.
Oh no no he really has made quite a bunch! I remember checking them out the other day.
[QUOTE=“DimaRufx;577347”] Oh no no he really has made quite a bunch! I remember checking them out the other day.[/QUOTE]
What did you check out? You do realize that writing something on a forum is not proof of anything, right?
I agree with you mate!! Are you also trading on zulutrade, as well?
Yeah there are tons of good traders to follow there…
[QUOTE=“DimaRufx;577358”]I agree with you mate!! Are you also trading on zulutrade, as well? Yeah there are tons of good traders to follow there…[/QUOTE]
I just trade.
Also, I don’t doubt that there are some good traders on Zulutrade, but I’m certain that it’s a tiny minority. If there was even one gaining 1% daily consistently, we could all follow him and retire filthy rich in a couple of years.
Since there isn’t, Zulu trade is a risky crap shoot and making a consistent 1% per day through them is a wet dream. I’m rarely wrong, but if anyone is capable of proving that it is being done, I will gladly take back all of what I’ve written above.
I think before speaking you should actually have a look on what’s going exactly on: check the attachment
All you have to do is show me your personal stats for the last year. An un-photoshopped account statement would do.
Or show me ONE trader on Zulu trade with a consistent (a year or more) 1% daily average profit. Not a screenshot showing meaningless stats.
The #1 ranked trader since inception has these numbers… He currently is -750 pips in the hole with all 5 of his positions in the negative. The best thing is that he averages 10 pips per trade. His worst trade was a whopping -663 pips.
This is the reality of Zulutrade… A crap shoot
You know it is not zulutrade’s fault if traders do not trade well, or anything for that matter.
Why need anybody with long-term trading? Just follow on a monthly basis. Keep in mind this is retail forex markets - not bonds, not even hedged funds, needless to say you cant expect yearly results - it is simply not the nature of the trading and the volume imo.