thread: 5% per day is achievable

wondering when left mind trading guy could offer evidence of this claim of 60% per month????????

Thats an awful lot to produce every month without needing something to back this up, with all the sc and what going around the internet....not saying this guy is a scam, but we have seen men like this making big boasts and at the end they have no substance, then its to late because a whole bunch of newbies only bought there book or trading program which was suspect to improve trading thus dramatically....

Dont mean to split the fellow canadians balls, but im just tired of this sc geared toward scamming the newbies money, come on left mind guy, even start with a demo account log in least if you dont want to show us your real account....or create live calls for the week....tiago, cayman islands paramedic

I concur with you Tiago. I would also like to see some logs of past performance. I have bought into some trading progr exclaiming large returns, but proven to be my mother's journal readings. Let it be clear that no one is accusing anyone of scamming, but for me, I would love to see any hard facts before buying your own program. No offense to you leftbrain.


Fidel

I concur with you Tiago. I would like to see some logs of past performance. I have bought exclaiming yields, but proven to be the diary readings of my mother. Let it be clear that no one is accusing anyone of jealousy, but for mepersonally, I would like to see some hard facts before buying your program. No offense to you leftbrain.

Fidel

Hi Fidel, no offence taken. There are a lot of sc out there, and a lot of hype . I had a chat with Tiago, therefore you may be told by him what he believed. As I explained to him, there's little benefit for me if I were to be scamming. The net would surely be sure of that!

I must have been gullable, I guess, in buying a Currency Market course for a hell of a lot more than the price of my book, without a'hard facts' to back it up - just heaps of hype and peer pressure. If you think what I am offering might be a scam, I will make a scammer that is poor at $25 a move!

If you want a chat, PM me.

It's easier to say than to create it real, when we would like to place a profit target of 5 percent on daily basis. It's possible, I suggest there's a opportunity to do so, but you have to realize this in order to make it happen, you need to trade with a gearing. Let us just say, you'll need to use 20:1 leverage or higher. That is far too risky person, in fact that's insanity (in my point of view).

There were times when the exchange rates for any pair of currency overshooted. The price moved with a quantity that was normal. If you were in the right direction, -you were so lucky as you'd make a profit of 10% or maybe more in a trade. If you were in the direction of the market, -BOOM- your account is dead.

I favor setting a weekly or yearly target (with a realistic target and low gearing). It's not fun to lose money when you lose all the funds in your account. I don't like to lose. I place realistic profit target within each trade.

I believe we still recall when exporting EUR rally against USD roughly 200 pips on Friday, countinued with roughly 150 pips rally on Monday. If you used high gearing and your open position is contrary to the price motion, your account has been in peril.

Please correct me if I'm wrong... your opinion will be appreciated

Trade wisely, man.... And keep realistic.... Trading days are long. If we can not win today, there's is just another day to exchange...

It is easier to say than to make it real, when we want to place a profit target of 5 percent on daily basis. It's possible, I mean there's a chance to do so, but you have to realize this in order to make it happen, you have to trade with a high gearing. Let us just say, you'll have to use 20:1 leverage or higher. That's way too risky man, in fact that is insanity (from my point of view).

There were times when the exchange rates for any pair of currency overshooted. The price moved with a normal quantity to fast. If you were in the right direction, -you were so lucky because you would earn a profit of 10% or more in a transaction. If you were in the direction of the market, -BOOM- your account is dead.

I favor setting a weekly or monthly target (with a realistic target and low gearing). It's not fun to lose money, especially when you lose all the capital in your account. I really don't like to lose. I place realistic profit target within my every transaction.

I believe we still remember when i.e EUR rally against USD about 200 pips on Friday, countinued with about 150 pips rally on Monday. If you utilized gearing and your open position is against the price movement, your account was in peril.

Please correct me if I am wrong... your view will be appreciated

Trade wisely, guy.... And keep realistic.... Trading times are long. If we can not win today, there's is another day to trade....

Blast,
How long have you traded?

Should you use a stop loss that represents 5 percent or less, you cannot get your account blown as you describe, unless your trading platform plain sucks.

By means of a leverage of 20:1 does not constitute decent cash management. A leverage of over 5:1 is deemed risky.

Rather than leverage, you should be worried about how much you should risk in a transaction and that which the risk to reward ratio should be.
Maximum a newbie should risk in a transaction should be 2%. A pro will not risk more than 5 percent a transaction. The risk is set by the stop loss. Constantly use a stop loss unless you use Hedging with leverage.

Reward is dependent on make profit limit.

D

Blast,
How long have you traded?

Should you use a stop loss that represents 5% or not, you cannot get your account blown like you explain, unless your trading system plain sucks.

Using a leverage of 20:1 doesn't constitute decent cash management. A leverage of more than 5:1 is considered risky.

Instead of leverage, you ought to be worried about how much you must risk in a trade and what the risk to reward ratio ought to be.
Maximum a newbie must risk in a trade ought to be 2%. A pro won't risk more than 5% a trade. The risk is set by the stop loss. Always use a stop loss if you don't use Hedging with proper leverage.

Reward is dependent on take profit limit.

Thank you for your comments Mangala. I appreciate that.
I have been trading for 3 decades.
You are right, trading with 20:1 is too risky, and I've said that in my own posting. I don't trade more than 5:1 leverage. Anybody trading with leverage greater than 5:1 is crazy (from my standpoint ). I don't use stop loss also, it sucks... but I utilize take profit limitation and tailling stops to protect my profit. I really do hedging. In my posting, I only want to say it is possible to reach 5% per day (there is a possibility to do this - in theory), however I won't recomend anyone nor to do so, since that will involve a loony cash management. Nonetheless, it is your own money, all the risk and reward will be pointed back at you.

Usualy I utilize leverage of 1:1 in my single trade.


Thank's again for your comment, Mangala.

PS: even if we use stop loss, when our possition is against the price movement (especially when it is move overshoot) that your possitions quaranteed to be stoped outside, and also if your account is not blown out, it still sucks.

Blast,
I've a feeling you are using a system that is similar to mine. I could be entirely wrong.

The machine I use also involves hedging and no prevent losses. I also started with using 1:1 leverage. The machine is aggressive and has the capability to escape control and blow the account.

What it does is wait for a specialized cause to set an order. In case the market goes in the way it will continue to add orders. In case the market goes in the opposite direction and below the original point, it is going to add offsetting positions. It does not use a stop loss. When the profit reaches 1% of their account balance the orders will be shut.

Some times the grids may get larger and larger before attaining the profit target. This occurs when the market is ranging or when in the middle of a symmetrical ascending triangle formation. That can be when the account can go belly up.

The most effective approach to trade is utilizing 0.1 to 1 leverage and when there is a strong directional motion and decent volatility. I Auto trade this. This sort of systems are called Grid Trading Systems.

There are lots of versions of this.

I also have tested longer term hedging techniques with a fixed ratio of currency pairs. The proportion of the currency pairs along with the currency pairs chosen allows for effective hegding against loss whilst earning interest every day while waiting for a profit to be accomplished. I use volatility, relative strength analysis, currency pair corellation to go into the market. This egy may provide you 10% a month also, but is considerably safer compared to Grid Trading Systems.

Cheers,
Mangala

Have we answered this question? Is 5% daily achievable?

have we answered this question yet? Is 5 percent daily achievable?

Wellit took seven webpages, but I think so! Well, I for one know it's! I guess it's just for everyone to find for themselves at the end...

Have you ever been able to string ten 5% times in a row however?

Im not being coy, I am interested if anyone out there could do this x% every day thing. Id love to find some evidence because ive always believed it couldnt it may be done.

have you been able to string ten 5 percent days in a row however?

Im not being coy, I am interested if anyone out there could do this x% per day thing. Id like to see some evidence it can be achieved because ive always believed it couldnt.

Well, my longest run of favorable trades was 70, until I did something stupid. I don't think it's a good idea because this takes you away from tuning in to the trading to define an amount per day that you intend to attain, but I think that would cover it. Over 20 days, I, Within my months I didn't trade because I have commnts and they weren't consecutive. I would need to check out the figures to give you an accurate answer, but I am a bit busy with the new folks on the machine at the moment, so forgive me if I don't.