Anyone make 1% daily consistenly?

[DimaRufx]

Of course it is!!

Trading should be realistic - meaning getting what you are putting in. There is no follower that can become a millionaire out of a 1000 usd account on a high-shy margin…no way.The math just doesn’t add up. It’s the account management, not the traders, or so not the platform, when followers open a margin-o-meter of above 2000%.

[emeraldorc]

I see these threads appearing over and over again and I am shocked at some of the claims of possible returns in years. I have decided to respond to any thread that states it is impossible to make 100k from a starting of 1000.

Taking from my experience, the problem is not inability it is consistency in trading. Question: How many here trade everyday religiously? If you roll over your position it means you technically can only calculate returns on net weekly or monthly gains not daily so may not relate to you…

I have never been a consistent trader, in fact last year I ma sure I opened no more than 10 positions all year. At 1 point I was 1 month in a rain forest in West Africa where getting a mobile signal is tough let alone internet. That whole month I didn’t trade… This year I have opened only 1 Trade, initial risk was 30 pips, target 90 pips, covered at 66 pips, trade was risk free at this point achieved a 2:1 Reward ratio, position reversed today stopped out not gaining my extra 30 pips but not loosing at all…

So unless you trade religiously every day or have a constant position all year around only locking in profits or stopping out you will find days you where you are not in the market at all. If this is the case it will reduce your compounded returns and your ability to make more cash…

So the question that should be asked is, How often do we trade? Not what’s possible to make. I guarantee you if you took a job as a FX trader for a city firm you will make 6 figures in year one. One you will have more capital to trade (most like capital that was compounded by a novice trader gone pro). Two you will be pressured everyday by some bald hairy chest bloke who has pictures of his own ‘want to get’ private Island and you are the key…

So I don’t get some of the responses of non-possibility…

[abrsive]

[QUOTE=“emeraldorc;592715”]I see these threads appearing over and over again and I am shocked at some of the claims of possible returns in years. I have decided to respond to any thread that states it is impossible to make 100k from a starting of 1000. Taking from my experience, the problem is not inability it is consistency in trading. Question: How many here trade everyday religiously? If you roll over your position it means you technically can only calculate returns on net weekly or monthly gains not daily so may not relate to you… I have never been a consistent trader, in fact last year I ma sure I opened no more than 10 positions all year. At 1 point I was 1 month in a rain forest in West Africa where getting a mobile signal is tough let alone internet. That whole month I didn’t trade… This year I have opened only 1 Trade, initial risk was 30 pips, target 90 pips, covered at 66 pips, trade was risk free at this point achieved a 2:1 Reward ratio, position reversed today stopped out not gaining my extra 30 pips but not loosing at all… So unless you trade religiously every day or have a constant position all year around only locking in profits or stopping out you will find days you where you are not in the market at all. If this is the case it will reduce your compounded returns and your ability to make more cash… So the question that should be asked is, How often do we trade? Not what’s possible to make. I guarantee you if you took a job as a FX trader for a city firm you will make 6 figures in year one. One you will have more capital to trade (most like capital that was compounded by a novice trader gone pro). Two you will be pressured everyday by some bald hairy chest bloke who has pictures of his own ‘want to get’ private Island and you are the key… So I don’t get some of the responses of non-possibility…[/QUOTE]

I don’t know whose responses you are referring to, but since I feel like you are at least in part referring to me… I will respond.

Firstly, your repeated devil’s advocate stance on the various threads you respond to tends to makes you look like you you just want to contradict and talk about yourself. Don’t take offense to that, you are actually starting to grow on me. I do like your positive “can do” attitude towards trading.

The problem with your comment is that it’s to a tremendously old thread that has mutated into something else by the Zulutrade groupies that are shamelessly promoting this terrible service. This is where I came in, as it was one of these groupies that revived the thread then and has again done it today.

Of course 1% daily return on investment is possible, but it would be irresponsible to say that it is easy or common. There are many factors that come into play here, but it can be done. Nevertheless, I firmly believe that Zulutrade is definitely not the way to do it. Although you could easily loose 1% or more with them.

[abrsive]

@emeraldorc
Before you start with the “You Americans” thing, I’m Spanish… So way off

[traderwilliam]

If u can make 1% daily consistently, why not 2%? :21:

[abrsive]

[QUOTE=“traderwilliam;592811”]If u can make 1% daily consistently, why not 2%? :21:[/QUOTE]

Why not? I guess it’s just twice as hard.

[TyeWfx]

Of course 1% daily return on investment is possible, but it would be irresponsible to say that it is easy or common. There are many factors that come into play here, but it can be done. Nevertheless, I firmly believe that Zulutrade is definitely not the way to do it. Although you could easily loose 1% or more with them.

I think we need to distinguish here, on which side of the 1% are we talking here - meaning ROI of a trader, or of a follower. If it is the latest, to tell you the truth if the system actually allows it, then I have no problem at all.

[EDDY_MO]

So people, who are you following these days, anybody decent and worth?
Happy pipping… to all!

[MoneyNVRSleeps]

Im up 39.07% this week,

and 1.7% today, Dont trade news hours,

Live account

[EDDY_MO]

Sure!!! Thanks for the feedback!
I vaguely recall you being on zulutrade, if I am not mistaken?

[UMOFX_AIR]

Low profits are easy to gain , As traders take low risks they are not making high profits too It is best way to do trading less than 1% risk .I make many times consistent profits having 1% . But it is not fix every time you will just win my be you loose your trades . It is reality of trading that small targets are achievable.

[austingrd]

I would say that would suffice. Just imagine a slow but steady profit for a year, that would mean a lot in summary. Rather than taking large risk.

[emeraldorc]

Wow! This thread is still going?

1% 2% 20% Who cares? As long as you are making money…

[EDDY_MO]

I know, it doesnt mean much, it the end of the trading period that counts. For example, like I made 7.5K usd from my first trading year with following on zulutrade!

[torulf39]

Is it any of your dreamers who dream about 1 % a day can calculate how much that become during 250 tradings days,
(a year ).

So please enlight me ,

[EDDY_MO]

well i am not dreaming it, I am actually experiencing it, with zulutrade every day (except for holiday seasons when i do not trade) is what makes me actually saying it.

[abrsive]

[QUOTE=“torulf39;609767”]Is it any of your dreamers who dream about 1 % a day can calculate how much that become during 250 tradings days, (a year ). So please enlight me ,[/QUOTE]

Mr Mo has no clue that 1% a day adds up to almost 1000% a year, but he does know how to spell Zulutrade in every single one of his posts like a broken record.

[EDDY_MO]

well not always It would if it was a projection of the a perfect world if this happens. But it does happen pretty much a lot

[Zeeky]

Anyone who really wants to understand the arguments about quarterly reports etc should check out Naseem Talebs remarkable book “Fooled By Randomness”.

In the book he argues that time scale is important in judging performance, and he uses a simple Monte Carlo simulation to illustrate this. The following passage is taken pretty much word for word from the book.

"Lets take the example of a happily retired dentist, living in a pleasant sunny town. We know a priori that he is an excellent investor, and that he will be expected to earn a return of 15% on excess of treasury bills, with a 10% error rate per annum.

That means that out of 100 sample paths (from the simulation), we expect 68 of them to fall within a band of plus and minus 10% around the 15% excess returns i,e. between 5% and 25% (this is based on the fact that in a simple binomial distribution 68% of all observations fall within +/- 1 standard deviation of the mean)

It also means that 95 sample paths (from the simulation) would fall between -5% and 35%

The dentist builds for himself a nice trading desk in his attic, aiming to spend every business day there watching the market, whilst sipping decaffeinated cappuccino. He as an adventurous temperament so he finds this activity more attractive than drilling the teeth of reluctant little old park avenue ladies.

He subscribes to a web based service that supplies him with continuous prices, now to be obtained for a fraction of that he pays for his coffee. He puts his inventory of securities in his spreadsheet and can thus monitor the value of his speculative portfolio.

A 15% return, with a 10% volatility (or uncertainty) per annum translates into a 93% probability of making money in any given year. But at a narrow time scale this translates into a mere 50.02% probability of making money over any given second.

Over very small time increments, the the observation will reveal close to nothing. Yet the dentists heart will not tell him that. Being emotional, he feels a pang with every loss as it shows in red on his screen. He feels some pleasure when the performance is positive, but not in equivalent amount as the pain experienced when the performance is negative [Talab covers this point in considerably more detail later in the book]

At the end of every day, the dentist will be emotionally drained. A minute by minute examination of his performance means that each day (assuming 8 hours per day) he will have 241 pleasurable minutes, against 239 un-pleasurable ones, and this amounts to 60,688 and 60,271 respectively per year.

The table below shows the probability of making a profit over a given period of time:

Period Probability

1 Year 93%
1Quater 77%
1 Month 67%
1 Day 54%
1 Hour 51.3%
1 Minute 50.17%
1 Second 50.02%

Consider the situation where the dentist examines his portfolio only upon receiving his monthly account from the brokerage house. As 67% of his months will be positive, he only incurs four pangs of pain per annum and eight uplifting experiences. This is the same dentist following the same strategy. Now consider the dentist looking at his performance only every year. Over the next 20 years that he is expected to live, he will experience 19 pleasant surprises, for every unpleasant one.

The scaling property of randomness is generally misunderstood even by professionals. I have seen PhD’s argue over a performance observed in a narrow time-scale (meaningless by any standard)

1. Over a short time increment one observes the variability of the portfolio , not the returns, In other words, one sees the variance, little else. I always remind myself that what one observes is at best a combination of variance, and returns, not just returns

2)Our emotions are not designed to understand the point. The dentist did better when he dealt with monthly statements rather than more frequent ones. Perhaps it would be even better for him if he limited himself to yearly statements

3. when I see an investor monitoring his portfolio with live prices on his cellular telephone or his palm pilot, I smile and smile.

Finally I reckon that I am not immune to such an emotional defect, but I deal with it by having no access to information, except on rare circumstances. Again I prefer to read poetry. If an event is important enough it will find its way to my ears."

The key point he’s trying to make is that the distribution in returns is random, and measuring returns over a period as short as a day is meaningless. The idea of earning a consistant 1% a day is an unrealistic expectation that you need to deal with, daily gains and losses are just varience, and not something to get fixated on.

Messed up adding the quote the first time lol but that is awesomeness … thanks made my day