***** The Impossible 5% + Daily*********

Beginner Questions
1

Hey Traders, Lets have fun with this OK?

We are here for the same reason, so there is no need to bash and flame or TROLL, OK--------Alright…
Lets Roll…

Goal is 5% a day, if Volume is up, will press on…

Now, I will be scalping, but using higher time frames to grasp the current situation.

My starting time is 6am, est, give or take 30 mins, and will be done by 12:00PM, EST.

At that point, I will set Limit Orders both ways, to catch any crazy moves beyond my extreme S/R…

I will be using Oanda Java, and MT4 for reference…

Now, I know my account is super tiny, but at least its real.

Today, I started at .76 cents and only got 2.1% out of the Slowwwwwww day. Plus, started late,
and had to grasp my strat with Oanda.

I plan to do this for 1 month, and make a Sizable deposit Feb 1st.

Im connected thru myfxbook, so everyone can follow that wishes to.

Starting today, Im also printing out my daily trades, just simple daily paper work and account.

OK, well, Sit back, and lets see what transpires from this madness.

UPDATE ACCOUNT, 2 restarts ( start June 24th )

5% or more daily System | Myfxbook

2

Good Luck mate!

Ill be following, and in a weird way im actually looking forward to this :slight_smile:

3

heck ill give it a try that is if ya dont rag on me too much bout spelling and grammar and such…i started today as well sold 10 mini lots of eur/usd from ibfx held for about 1 minute picked up 3 pips 35 bucks…

4

hope your thread does well MNVRS!

i’m glad you are testing the waters with small amounts of real money, that is always what I recommend.

anyways, how will you be tracking your performance? i thought it would be really cool if you had a spreadsheet that you could post so we could see exactly how you’re doing on your journey. what do you think?

5

Where’s the other 5%? O.o

6

The goal is 5%, the 10% is bonus, I will average 50% a week, Im almost sure of it, so, in the end, its still 10% a day, no?

Made 18 trades today… Thats alot of trades, but such little movement, .5 pips here and there…

But didnt lose any, so thats good.

Normally, I wouldnt really trade with less then 50 volume per 1M TF, So played the tiny spikes…

I have to learn to like Oanda Java right now… Ugg

O, and another thing, just o make it even harder, Im quitting smoking for NewYears, and Also getting back on the Keto diet.

Both of these are he*l alone, combined is going to be brutal… But Im up for it, and ready to turn my life a 180…

I smoke 2 packs a day, and quitting cold turkey…

The Keto diet, I was once on for 6 months, and its realllllly hard for the first 2 weeks, no carbs, sugar, bread, milk, candy, u you know, all the good stuff…

BUt, my thought process was much sharper after I got adapted to my body using fat for fuel…

So, there you have it, Total change, Mentally, physically, and Financially…

Stay tuned…

7

Your like the biggest kid on a high school football team hazeing the Freshmen, Like a bully, you know…

Thats OK tho, it drives me to be better, the worst that will happen is I’ll be rich, and Of course, you will have to much pride in yourself to ask how I did it, but its all good… Just please dont post crap in my thread, Thanks… Just post it in the other thread you destroyed…

8

Keep in mind that 5% a day turns your $0.76 cent account into $198,000.00 in 250 tradingdays, or one year’s worth, [B]without adding additional funds[/B].

2% a day every day averaged would be phenomenal. Don’t push it, just cherry pick the best opportunities. It adds up quick:)

Good luck!

9

Money,

you are like a car crash, I just can’t seem to look the other way. Not saying you’re going to crash and burn, just saying I can’t look away from this thread, or the other one that was entertaining. I wish you the best in your journey, and I will be following along because I’m sure this thread will be entertaining at the least

10

Goodluck with all your goals, I will be following this :p. At the least, quit smoking… think of the account you could fund if you didnt have to buy 2 packs a day

11

When I used to come home and show my mom my report card, I’d get 98% in my classes and my mom would ask me, “Where’s the other 2%? Not good enough.”. I guess that’s where my mentality is coming from. Go hard or go home in your case right?

Hahaha, this is the first time someone lashed out on me on a forum. Now I know why trolls get such a huge kick.
It’s not really my pride that’s on the line, I’m profitable, I make money, and good amounts of it. Who’s pride is really on the line here? Yours.

I’ll be creeping on here trust me. :slight_smile: I’m also interested. As far as pride, with regards to trading, I have none or any ego for that matter. If you get 10% daily, hell, good on yeah, I’m lucky I’ve talked to someone so God damn intelligent.

Best of luck.

12

Wow. Good luck!

13

Lets see what happens this time. I bought my own pop corn cart so i will be fully stocked.

14

You guys are great, thanks for the encouragement,

I plan to rock this game plan, and wont stop, till I reached the peak

Have a great Night, and a abundence of profits to all, I about to relax and Play some COD MW3 Xbox,

  • Hat Tip
15

wowwwww keep it up

16

yesterday was not good day, i got 50 pips With good money management in my real account.

17

Hey Traders,

Well, I might have set myself up, because I Lost 5% each 2 last days, …

Let me sum it up by, I HATE OANDA JAVA, I just cant stand it…

I have WAYYY to much going on with it all at once…

I grew up on MT4, and even had problems with Oanda MT4, major lag and slippage, But now Im using Alpari, and havent had ANY problems since…

I might throw $20

Sure, it sounds simple, " Just use the Java to make the trades", not so simple…

So, I might deposit a few bucks into Alpari MT4, seeing this is the platform I plan to use in Feb…

Just hang tight while I make adjustments,

I WILL make this happen, just need everything proper…

Alpari Set-up2.jpg700×328 39.8 KB

Alpari Set-up.jpg700×328 41 KB

18

May see a trend change here,

Alpari Set-up3.jpg700×328 44.3 KB

19

Here is another tactic is use to scalp, in addition to usual plan, These are fast scalps

Stoch MUST be over or under 50 for this to work properly,

If trend is fast down, Stoch gets BELOW 50, Anticipate retrace, plus, need to do the math end, and all this has to happen fast, in the mind, and on the mouse.

I have an indicator that indicates to me when the PA is XX amount away from MA, SO that helps in this case,

Alpari Set-up4.jpg700×328 51.2 KB

20

i think its not impossible at all
you need to make only 10 pips per day while you risking 5% of your account
or you need to make 20 pips per day while risking 2.5% of your account
that what most scalper looking for
if you have 100$ in your account and trade 5 micro lots for 10 pips reward or 10 pips loss and your winner trades overcome your loses one’s by only 1 trade per trading day you are there and you are achieving your target. that simply means you need 2 winner trades out of 3 or 10 winner trades out of 19. of course with a leverage of 1:100 .
having said that its still very hard to be done. it needs a lot of knowledge, experience and discipline. but at the end its not impossible.
my opinion is anyone who risk more than 3% of his high leveraged account at any given time must be even a newbie or a gambler or could be at worse the forex super trader ever.
however, i think quitting smoking is still harder than achieving 5% of a daily gain:16:.
best wishes.