More likely on a weekly level, but it's possible, but not probable.

1% to 3% Per Day? All things are Possible

At least 95% fail.

95% failure rate?

That's great, just keep the mental side strong. Consistent trading is 70% mental, 20% position sizing and 10% trade setup.

Directional bias in trade planning

This week was a great example of why you can’t let bad trades scare you off trading. I had a few trades go against me on Monday and Tuesday, and cut them before they could hit my automatic stop loss points, but this still was like around $600 total ...

Profit and losses journal

Yep. This is why I can have such a high win rate most weeks over 90%. I have an edge that I can trade and a unique way to look at and evaluate pairs.

What I learned after losing $300,000 trading forex

It holds less sway in forex, but for stocks the worst months are the summer, hence the phrase: "Sell in May, and go away."

bad months for forex

Yep, cheers, lots of different ways to trade

Directional bias in trade planning

Of course you can. It's all about probability and what the market is doing. This is why I can get such high win rates, like right now I am at 90%+ since March 19th. I let the market dictate where I enter and what direction I trade.

Directional bias in trade planning

Don't misunderstand my point. Recognizing a trend and allowing the market to confirm it is a good thing. But you don't want to force the trend to bend to only your ideas/lines. Why I trade naked charts. Most people don't know how to understand how ...

Directional bias in trade planning

Well another thing to look at with people who know how to trade is exactly why Warren Buffett is the best. “If I was running $1 million today, or $10 million for that matter, I’d be fully invested. Anyone who says that size does not hurt investment ...

How many consistently profitable traders around?

This was my best period last year, $20k+ in just about three months from August through October:

Profit and losses journal

I tend to average $100+ per $1k in my account per week I trade.

Consistent Profit in Trading

Weekly total ended up as: Win rate 96% Number of trades 67 Winning trades 64 Losing trades 3 Profit $762 Loses: -$19 New totals since March 19th: Win rate 93% Number of trades 161 Winning trades 149 Losing trades 12 Profit $2,114 Loses: -$192

Profit and losses journal

94% for this week so far. Had a bit of fun joking around with tiny trades. I like to do little trades with one of the guys I talk with at work just to show him little ideas in action. Number of trades 53 Winning trades 50 Losing trades 3 Profit $323 ...

Profit and losses journal

The art of currency trading is good.

Which Forex books to read?

Get better setups with your trades.

Trading vs Gambling: Which One Is More Worth Your Time?

I started this new account to show a couple people at my job how I trade. Funded it March 19th with $2,500. For this week, I am at a 100% win rate for $523 over 7 trades. Here is my current standings: Total profits: $1,422 Win rate: 90% Winning ...

Profit and losses journal

I used to be like this. It's all just numbers on a screen. I used to be scared of trading a large account too. Only invest money into your trading accounts be they stocks, crypto or forex that you mentally flush down the toilet. Wait for better ...

How many consistently profitable traders around?

Understand your emotions and how the brain works. You will realize what your lizard brain is reacting to, and can adjust accordingly.

Rules of Successful trader