5% - 10% profit per day trading

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Quote from mr.charts:

I've been trading since the mid 90s and trading US stocks intra day since 1999 for a living and I've never "blown up".

I was training a driving instructor to trade on Wednesday and this subject came up. As he said, "You don't say you have to crash your car (automobile) a few times to learn to be careful driving, so why do you have to have big losses or blow your account trading before you learn to be careful?"
Spot on in my view.
Richard
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The key words here are "I was training someone" which means your a typical LYING vendor.

Folks never trust anyone that says nonsense like this. :cool:

And yes 100% of professional race car drivers do get into accidents sooner or later.
 
Last daily screen shot for this thread I think.
Just been keeping Spanish company with some oil trades.

38 pips from a short a few minutes ago, and currently holding an SPX long (up about 50 pips at the moment)
 

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Quote from ivantchourilov:

he said 200% return. 100% return is doubling your money. 200% is quading it. :P retard :p jok
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LOL

How is it making it 4x the amount?? :confused: :cool:

Lets say you start with £10;

100% of £10 = £10
200% of £10 = £20


So if you make 200% profit you make £20 profit/ 2x the £10.

Or if you view it as the total you end up with you make 200% profit so make £20, and the total you end up with is then £30.

So you end up with 300% total compared to you starting £10.

:p



How you get the figure of £40?? :confused: :eek: lol

Since it wouldn't be 'compounded'.
 
Quote from GermanTrader:

What portion do you not understand? Can you not comprehend quadrupling money in a year? That is a 200% return.
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Again you seem to just read what you want to read. Where did I say I didn't understand anything?

Prick.
 
Quote from candles:

Last daily screen shot for this thread I think.
Just been keeping Spanish company with some oil trades.
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Cheers mate.. :)

I made a very nice £202 virtual money since about 4pm today, all at just £1 tick, 6 sell trades mainly using entry and exit orders.

I didnt actually monitor it after i put in the orders, i was more just testing out a method that can be applied extremely often and is very effective.

You probs all know about it, its called 'knock thrice'.
Its basicall when market trending in shorterm if it hits level in that trend 2x, you trade it the 3rd time in trend direction, but with tightish stoploss (about 35/40ticks on oil).

I got it from a book been reading 'Tricks of the floor trader', for a 2nd time, best book out there and anyone who wants to become sucessful at trading NEEDS to know.
Because at the end of the day to make money you need to just workout what the biggest/richest traders will do, and copy that before they do it, biggest orders are all going in on the floor, so just do what the floor does.. ;)

I now just waiting till hurricane passes completely, tuesday probs, n then i can get back to trading like i was before. :)

And will also be using tighter stops sometimes though when doing breakouts.



Nice trade btw mate.. ;)
 
Quote from ivantchourilov:

i think he understood what you meant. he just thought it was "pointless". anyhow, calm down.
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Nothing to calm, mate. The poster either doesn't believe it possible, or they have trouble expressing what they really think. Either way, they have the problem, not me. :D

Success.
 
Quote from ivantchourilov:

winning in the markets is hard as is, and i think its harder to win in markets that are irrational, like oil over the last 2 months.
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You should get out and stay in cash in those irrational markets.

You should ALWAYS place stop-orders, even if they are loose stops, in case of an impossible to foresee emergency (natural disasters, terrorist attacks, coups, etc.)

If your account drops below certain level, you should stop trading and wait, to see what's wrong.

Blowing up accounts is just not acceptable from any point of view.

Being in the wrong market direction is acceptable, happens to us all from time to time. Being overleveraged form the beginning and failing to exit soon is utterly unacceptable.
 
Quote from GermanTrader:

Nothing to calm, mate. The poster either doesn't believe it possible, or they have trouble expressing what they really think. Either way, they have the problem, not me. :D

Success.
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I have seen in excess of 1500% returns over a year (not my account but a colleague).

You seem to have a real problem with understanding the English language which is fair enough if you are German..
 
Quote from GermanTrader:

Sorry your strategies are losing. It's the long weekend, go have fun and forget your losses.
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lol. :D

I think I make enough from the day job not to have too many sleepless nights ;)
 
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