I'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom. I'm trying for 10%, but get -10%, or -100%. That's incorrect.
1.02^200
How many pips is reasonable per day for a day trader 25 replies
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedI'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom. I'm trying for 10%, but get -10%, or -100%. That's incorrect.Ignored
Disliked{quote} Use Asymmetrical Compounding and a 1:3 Risk to Reward ratio in % With 2 consecutive wins you will surpass your target... Trade 1, 1% ---> 3% (winning trade at a 1:3) Take the 3% you just won and combine that to 1% for a total of 4% Trade 2, 4% ---> 12% (at a 1:3 Risk to Reward ratio for a winning trade) On paper you can lose 3 of 5 and break even... Trade 1, 1% ---> 0%, balance -1% on a losing trade Trade 2, 1% ---> 0%, balance -2% on a losing trade (this is where i would stop for the day) Trade 3, 1% ---> 3%, balance 1% on a winning trade...Ignored
DislikedI'm struggling to make 10% per day. I'm open to suggestions. Hit me with your wisdom. I'm trying for 10%, but get -10%, or -100%. That's incorrect.Ignored
DislikedI think you should have a clear direction on your trading strategy, target by week/month instead of day.Ignored
Disliked{quote} I'm not a machine. My attention span is about 5min. I can't even plan next 15 minutes. All I can do is repeat same thing over and over, when I can. What will be the net result I don't know. Good luck on your journey.Ignored
Disliked{quote} Do whatever you think is right. After 1 week/month, review the results. Even the best can't win all the time. So instead of trying to win every day, stretch it out. Some suggestions, good luck on your journey.Ignored
Disliked{quote} If you see 1%, you can see 2%. 10% is not too far after that.Ignored
DislikedAlso, I think it's funny that this thread was moved to Rookie Talk. If you don't make 10% per day then you're a rookie? What 1-2% per day? blah, shoo rookie.Ignored
Disliked{quote} I think it was moved to rookie section, because only rookies think they can make 10% in a day. Reality is much different. If you can make 10% in a month it is super awesome, but I have never seen a trader that can average 10% a month for few years yet allone 10% a day. If somebody can make 10% a day constantly they would own the planet in few years... This is not possible if it were we would seen some traders on Forbes top 100 rich list and there are none there...Ignored