5% - 10% profit per day trading
- Thread starter spanish89
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It depends on your strategy. if you have say a 90% probability of a successful trade, a 1:1.5 win ratio and an account of say £100k most would be willing to risk the c £14k per trade need to make £20k.
Many people on ET make £20k a day and more. Read the P/L Journal thread. I saw some make $100k a day during some of the more volatile moves over the past 6 months.
Well for the last one week Ive been facing quite some problems. I am a daytrader and get tensed out when my positions go overnight. As I have already indicated my strategy is not to use stop losses on buy trades below a certain rate on crude.
Since the last one week I got stuck up in longs, worked hard to average down, got out and then to my horror repeated the same mistakes (i.e. getting long at higher rates in anticipation of an out of this world rally). Currently I was stuck 2 longs at 4090(from which I just got out, thankfully) and 2 longs at 4150.
Overall I am in profit but well below my Feb monthly/daily targets. This was the reason I was not much active last 7 days. I guess Ill take the weekend and reevaluate my strategy
Since the last one week I got stuck up in longs, worked hard to average down, got out and then to my horror repeated the same mistakes (i.e. getting long at higher rates in anticipation of an out of this world rally). Currently I was stuck 2 longs at 4090(from which I just got out, thankfully) and 2 longs at 4150.
Overall I am in profit but well below my Feb monthly/daily targets. This was the reason I was not much active last 7 days. I guess Ill take the weekend and reevaluate my strategy
Well you just scale up in any market.
If you are prepared to risk say £5k per trade (too much of a £100k account IMO) you need a 4:1 risk reward ratio which is not too hard to find. The hard part if knowing the probability of the set-up working to know if it is worth doing over the long-term.
Quote from spanish89:
LOL
Ok mate chill the fuck out!!
Hes earning average £2,000 profit per day at the mo,
and as he compounds capital will probably raise that to £4,000 per day soon.
You, well you made £100,000 profit in about 3weeks,
Although out of that £100,000 you made you now only have a few thousand as you ''Had to give it all away for some reason''!!
But you have your ''sophisticated stratergies'' which are a secret to everyone else in the market but give you a way to make thousands per day, so you will be doing £20,000profit per week again very soon no doubt...
So mathematically as long as you keep compounding he will be a millionaire roughly by this time next year,
And you will be a millionaire by halloween!!
You dont half talk a load of shit. You a moron, plain and simple. You lack the intelligence and cohesion to ever understand any of the advice you have been generously given.
You have fuck all to your name along with fuck all experience and yet you continue to dole out your almost childlike trading 'strategies'.
I've explained my trading strategy to yourself and others on numerous occasions but your narcissism blinds you.
Enjoy your poverty.
Oh and it was 6 weeks not 3
I love you porph - please make a thread so we can follow your trading progression.
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