I’ve been trading for a little while now and im starting to see more consistent results I’ve only started with a low amount of money and have built it up slightly from 300 to 500 just to try and learn the market. On a regular day I would aim for a 1% increase on my money I would just want to know in the longer term with higher amounts of money is this doable or realistic
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1% a day is possible but not easy.
Have you been making that on demo for a year or more?
No I didn’t really do much demo I just started with my real money to keep me more like focuses and not messing about but I’ve managed it most days except for obviously the bad days where things don’t go your way
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No, 1% daily is not realistic. If you do the math you’ll see why.
Realistically, you should not set any expectations until you’ve established consistent results over a period of several months, even years using a live account (which you are doing).
If you want to shoot for something, set your goal at 6% per month. This amount will double your account annually, but there are very few who can accomplish even that.
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That is ok if you are trading with money you cannot afford to lose.
As others have said a target though is not a good idea. Just trade what works.
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Yeah I’ve just been loooikg back at my results and on days where I make profit the 1% is easy but it’s also just as easy to lose that 1% cheers for all the advice tho
Yeah I’m just using a small amount I can afford to lose which I think might be better than a demo cause it’s your own money you want or need to get it right and learn quicker
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Yes it will help you with the emotional side for sure, using real money.
Making profits in trading consistently is the hardest challenge.
In theory its easy to make a lot of money. And its a fun game to sit round on a dull afternoon and sketch out how you would do it.
Let’s suppose you start with only £1000. You have a day-trading strategy that has only a 55% win rate, and a r:r of only 1:1.5. You get only 20 opportunities per month and you risk only 1% of your account per trade.
These are on paper not ambitious targets. If you trade with the results above you will double your money in a year. And next year and the year after, until you’re making such a profit you can take a month off when you feel like it.
But who can do this?
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300 to 500 is actually pretty good! What’s the time frame on that if I may ask. 
Certainly, the traders who are enjoy trading range zones are in their element in today’s markets. Those who are trend traders are finding it difficult. That’s my opinion.
And I would agree never to set targets, as it would be another emotional management issue - as if we haven’t enough already. It could lead to overtrading, revenge trading, and gambling.
What I do is to trade sparingly, with low risk and lot size, accept the outcome, and trust my strategy would grow my account on a monthly basis, which allows me the freedom to gradually increase lot size.
Also, every month, I set aside 10% of my income to add to my account. Compounding is key to eventually building a sizeable capital.
Start investing early and often. The biggest gains and returns always happen later in life. If you start investing in your portfolio today and earn a modest 10% APR return, that might not seem like a lot of money today.
But in 30 years? Earning a 10% APR return throughout your life, you’ll start seeing huge returns later in life as you approach retirement.
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Don’t let nobody deceive you cause I believe this result is achievable.
Look attached my monthly results in % in the past few months.
Note; It took me years of inconsistency and account blowing to reach this feet!
18% in July already!
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Daily target might not be realistic in long run, I suggest you focus on month target, in that case you can also increase the monthly target from 1%.
Daily targets are probably too short term. Getting an idea of average monthly return would be a better thing to look into as this will allude to your consistency.