10 Pips Per Day - Everyday

Quote from Acs:


Now if you decide to make 1200% in 1 week you are simply exposing yourself to huge risks. Which in turn you will eventually end with wiping out your account.
More...

Decide to make, and the market gives you... are 2 different things.. I decide to make money every week, wether it's 5% or 1000%... I don't care, as long as I am going up and not down...
You are the one assuming people are DECIDING to make outlandish profits. Perhaps people are just Deciding to trade for a profit and when they look back they are surprised by how much profit they made.... Yet a person like you will not see that, you are as the bible says, A person looking through a Glass darkly....


Take beans for instance....

A 50pt swing on beans is worth $2500.00 in a day (if you go limit)

now take a $10k account, buy one contract of beans back in september, when beans were about 900. Beans crossed 1200 last week, thats 300 pts in beans with ONE contract.

300 pts = $15000. Thats a 150% increase on your original capital.

Your initial MAX risk EXPOSURE is 25%, however if you use a volatility algorithm, your risk exposure would have been much less.



Lets say every 50 pts you added in another contract up to 1100. With soy closing above 1200 your gross profit is on the order of 50K. Thats a 500% increase.

Now lets deal will some illusions and assumptions you have made.

1 - Sustainability... If the market kept giving it to you this would be sustainable, but markets change, so it isn't. No one in this thread said something this great was SUSTAINABLE. Yet you keep claiming that the people responding are saying this is sustainable....

2 - Achievable. Is something like this achievable?? Yes it is.... Obviously from my simple example.. Scaling in, or whatever word you choose to use, can work with proper mental or physical stops... Adjusting for the risk, etc....

If your goal is to risk no more than 3% of your portfolio, then you set your stops accordingly...

If you respected the people on this forum, you would not alter, add to, or slightly adjust any of their statements to fit your arguments. You would stick to the facts. That fact is a person can make an AVERAGE of 10 pips per day. The fact is a person can set a minimum goal of 10 pips, exceed that goal and enjoy themselves. Even if they have a loss. You have assumed that they would incur a BIG loss. I don't know any REAL traders who allow big losses to occur. Most traders I know keep their losses QUITE small. Yet you harp on and on about a BIG loss.

The bible teaches me that, "Out of the abundance of the heart a man speaks," and, "A Tree is known by the fruit it bears."

Your fruit is that of a person who has lost a lot in the markets and wants to discourage others who may have a working system or discourage others who are learning, to give up before they start.

Trading isn't for everyone. The 95% that fail, fail for an abundance of reasons, the main one being lack of Knowledge. My Bible says, "My People are destroyed for a lack of knowledge."

You sound like a guy who was destroyed. You sound like a person who has tried to trade and has failed miserably and you come here and spew venom.

I am actually glad I never met a person like you when I got started. I never knew what I couldn't do in trading, I just traded. I let it happen as it happened. I watch my losses very closely. I am loss adverse.

Having lost to the point I couldn't trade till I added more capital 3 times over the past 8 years, I got even smarter. I took small profits with even smaller losses and built up my stock account. That took some time. I learned to trade stocks during a correction. I think thats a great time to learn. Not during a Bull run.

Anybody can trade during a bull run IMO, but during a choppy market, thats when it is a challenge.

Futures is where I make my real money. They just make sense to me. All except the ES. LOL. I understand Cocoa, Sugar, OJ, Cotton, Beans, Corn and Wheat. I don't try to daytrade them, I mainly position trade them. However if a daytrade opportunity presents itself, I grab ahold.


Until the following scripture is ripped from the bible, people like you will get my fur up...

"With God, All things are Possible."

And like Brandy said.. Never say Never. :)

Peace and Hair Grease....

By the way, your fruit is showing.......
 
BTW, no need for a retail trader to overleverage at all...

No need even to risk over 1-2% of equity on a single trade.

Because retail trader has an advantage of being quick and using his edge many times a day with small stop.

This is the way to huge %wise profits, not insane risk taken on a single trade.
 
Quote from CFerret:

I excellently understand what means long term of course. :D

What you seem to misunderstand is that larger traders switch to long term strategies exactly because they can't trade shorter time frames, because of LIQUIDITY issue.

And as for banks and hedgies... They use much more complex strategies and often models very different from swing trading for the same reason: they're simply TOO BIG to act as fast and not affect the market as retail trader can do.

Now we come to key point: any big bank would of course be able to easily make say 50% on account per month as many successful retail traders do IF ONLY THEY COULD trade like them - in and out with a defined risk several times a day, with their SIZE.

THAT is the difference why 20% yearly for them is often harder than 50% monthly for a retail stocks scalper.

And many people who blame daytraders being liars, saying "why aren't you a billionaire with such a huge profits" simply don't understand this concept.
More...

I dont believe that anyone can make 50% a month on a consistant basis. By trying to make 50% month you expose yourself to much risk and at some point it will bite you.

Do you trade in this way cferret?
 
Quote from Acs:

I dont believe that anyone can make 50% a month on a consistant basis. By trying to make 50% month you expose yourself to much risk and at some point it will bite you.

Do you trade in this way cferret?
More...

Who said you that you have to expose yourself to much risk???

As kiwi_trader (a very good trader BTW,he helped me a lot to learn to trade better) once said: "thats the beauty of daytrading - risking under 1% on a trade, but making many trades during a day"... Not exactly such words, but sense is just that.

I NEVER risk more than 2% on a single trade... Usually around 1%. But multiply it on just 100 trades a month and imagine you have, let's say 50% win rate with 1:3 risk/reward.... Bingo!

You didn't know such a simple tactics Acs? :D

P. S. It's up to you to believe or not in something, but beware of closing yourself in a cage built around you from your own beliefs in what is and what isn't possible...
 
Quote from CFerret:


I NEVER risk more than 2% on a single trade... Usually around 1%. But multiply it on just 100 trades a month and imagine you have, let's say 50% win rate with 1:3 risk/reward.... Bingo!
More...

That is exactly what so many traders fail to grasp, very good :)
 
Quote from giles117:

Decide to make, and the market gives you... are 2 different things.. I decide to make money every week, wether it's 5% or 1000%... I don't care, as long as I am going up and not down...
You are the one assuming people are DECIDING to make outlandish profits. Perhaps people are just Deciding to trade for a profit and when they look back they are surprised by how much profit they made.... Yet a person like you will not see that, you are as the bible says, A person looking through a Glass darkly....


Take beans for instance....

A 50pt swing on beans is worth $2500.00 in a day (if you go limit)

now take a $10k account, buy one contract of beans back in september, when beans were about 900. Beans crossed 1200 last week, thats 300 pts in beans with ONE contract.

300 pts = $15000. Thats a 150% increase on your original capital.

Your initial MAX risk EXPOSURE is 25%, however if you use a volatility algorithm, your risk exposure would have been much less.



Lets say every 50 pts you added in another contract up to 1100. With soy closing above 1200 your gross profit is on the order of 50K. Thats a 500% increase.

Now lets deal will some illusions and assumptions you have made.

1 - Sustainability... If the market kept giving it to you this would be sustainable, but markets change, so it isn't. No one in this thread said something this great was SUSTAINABLE. Yet you keep claiming that the people responding are saying this is sustainable....

2 - Achievable. Is something like this achievable?? Yes it is.... Obviously from my simple example.. Scaling in, or whatever word you choose to use, can work with proper mental or physical stops... Adjusting for the risk, etc....

If your goal is to risk no more than 3% of your portfolio, then you set your stops accordingly...

If you respected the people on this forum, you would not alter, add to, or slightly adjust any of their statements to fit your arguments. You would stick to the facts. That fact is a person can make an AVERAGE of 10 pips per day. The fact is a person can set a minimum goal of 10 pips, exceed that goal and enjoy themselves. Even if they have a loss. You have assumed that they would incur a BIG loss. I don't know any REAL traders who allow big losses to occur. Most traders I know keep their losses QUITE small. Yet you harp on and on about a BIG loss.

The bible teaches me that, "Out of the abundance of the heart a man speaks," and, "A Tree is known by the fruit it bears."

Your fruit is that of a person who has lost a lot in the markets and wants to discourage others who may have a working system or discourage others who are learning, to give up before they start.

Trading isn't for everyone. The 95% that fail, fail for an abundance of reasons, the main one being lack of Knowledge. My Bible says, "My People are destroyed for a lack of knowledge."

You sound like a guy who was destroyed. You sound like a person who has tried to trade and has failed miserably and you come here and spew venom.

I am actually glad I never met a person like you when I got started. I never knew what I couldn't do in trading, I just traded. I let it happen as it happened. I watch my losses very closely. I am loss adverse.

Having lost to the point I couldn't trade till I added more capital 3 times over the past 8 years, I got even smarter. I took small profits with even smaller losses and built up my stock account. That took some time. I learned to trade stocks during a correction. I think thats a great time to learn. Not during a Bull run.

Anybody can trade during a bull run IMO, but during a choppy market, thats when it is a challenge.

Futures is where I make my real money. They just make sense to me. All except the ES. LOL. I understand Cocoa, Sugar, OJ, Cotton, Beans, Corn and Wheat. I don't try to daytrade them, I mainly position trade them. However if a daytrade opportunity presents itself, I grab ahold.


Until the following scripture is ripped from the bible, people like you will get my fur up...

"With God, All things are Possible."

And like Brandy said.. Never say Never. :)

Peace and Hair Grease....

By the way, your fruit is showing.......
More...



Anyone who was new to this market seeing someone make 1200% in a week is a load of crap. If they believe this or even attempt to follow a road like this they will lose money. I dont care what you say its ridiculous to even try to justify it.

You sound like someone who represents a broker for this forum or somehting trying to have people blow all there money.

your examples are about a completely different market, Kind of not relevant for this example.

When i first started i also made 1000% on my account in a month, scalping doing the same old crap. But you learn eventually that it is not possible. At some point you lose, beacuse the risk associated is to great.

It seems you have yet to come across this harsh lesson of reality.

Ask anyone with any trading knowledge, and tell them you made 1200% in a week and they will call it gambling without any question.

Its ridiculous to even justify this.
 
Quote from giles117:

Again, who said it was sustainable?? Show me that posters quote and I'll shut up..
More...

What use is a strategy that is not sustainable???

The whole point is that unless if not sustainable its gambling.

So in effect, he gambled it paid off for him that week.

Now what?? continue gambling? or stop and never trade again.

My whole point is the statement is useless. It means nothing it wont get anyone anywhere.
 
You must log in or register to reply here.
Back
Top