What do you guys net per day on average?

neil

Legendary member
5,167 750
best week for some time -cleared forty two pounds and seventy one pence trading USD/CHF up to and including last Friday.:clap:
 

Mr. Crabs

Established member
598 3
Why would there be a losing position ? I think the idea is to make 0.5 to 1.5% account growth a day.

Yeah I don't close losing positions because I double or triple up if my position is down. I only close down when I get cleared out. Lost over 5% in an hour going in too deep on a pair. Got it back today. Cleared well over 5% today, mostly from shorting the USD / JPY. EUR / USD was hot today.

My style keeps my margin volatile to say the least.

After I get more consistent I will make a decent strategy.
 

BeginnerJoe

Senior member
3,329 350
Yeah I don't close losing positions because I double or triple up if my position is down. I only close down when I get cleared out. Lost over 5% in an hour going in too deep on a pair. Got it back today. Cleared well over 5% today, mostly from shorting the USD / JPY. EUR / USD was hot today.

My style keeps my margin volatile to say the least.

After I get more consistent I will make a decent strategy.

So you are making 0.5 to 5% a day. Good man. I foresee soon you will be making 0.5% to 50% a day.
 

Mr. Crabs

Established member
598 3
So you are making 0.5 to 5% a day. Good man. I foresee soon you will be making 0.5% to 50% a day.

50% would be huge. IDK if I could ever plunge that deep in the margin with anything substantial on the line.
 

duderex

Junior member
37 0
That's a sweet haul. I was looking through some pros, saw one guy who pulled in over 1,000% in less than half a year. I wish he'd teach me his strategy.

I bet he's a full time trader, unlike me , who still spend my time on my business. The basic thing for you to earn that big, is to practice much with demo account, until you are able to minimize the lost. If you still new to the Forex, you might learn from Youtube, it has plenty of training videos for you. My suggestion, learn with candlestick as it is much easier to learn.

Happy trading.
 

Rupert206

Member
78 22
Yeah I don't close losing positions because I double or triple up if my position is down. I only close down when I get cleared out. Lost over 5% in an hour going in too deep on a pair. Got it back today. Cleared well over 5% today, mostly from shorting the USD / JPY. EUR / USD was hot today.

My style keeps my margin volatile to say the least.

After I get more consistent I will make a decent strategy.

What happens if the position keeps going against you? Do you continue adding? What if its 10% against you, do you close?
 

neil

Legendary member
5,167 750
What happens if the position keeps going against you? Do you continue adding? What if its 10% against you, do you close?

You keep averaging up/down until your account disappears. Then, when you realise what a silly thing you have done - you never do it again:whistling

On a more serious note:

RUPERT - read the thread by Timsk :
http://www.trade2win.com/boards/first-steps/89078-essentials-first-steps.html
 
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Rupert206

Member
78 22
You keep averaging up/down until your account disappears. Then, when you realise what a silly thing you have done - you never do it again:whistling

On a more serious note:

RUPERT - read the thread by Timsk :
http://www.trade2win.com/boards/first-steps/89078-essentials-first-steps.html


Thanks Neil. I actually knew the answer to the question...But was hoping for an interesting response from the O.P about how his strategy is in fact the holy grail to trading and we've all been doing it wrong using stops etc.

I guess with an unlimited pot size this strategy would probably work as long as you don’t bet too big, but then I don’t think O.P’s pot size is anywhere near unlimited or he would be posting here in the 1st place.
 
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Mr. Crabs

Established member
598 3
I bet he's a full time trader, unlike me , who still spend my time on my business. The basic thing for you to earn that big, is to practice much with demo account, until you are able to minimize the lost. If you still new to the Forex, you might learn from Youtube, it has plenty of training videos for you. My suggestion, learn with candlestick as it is much easier to learn.

Happy trading.

Right, I'm all about the candlesticks. Been practicing. I figure 3 years from now I should be decent.
 

Mr. Crabs

Established member
598 3
What happens if the position keeps going against you? Do you continue adding? What if its 10% against you, do you close?

Like I said, I average down until I get cleared out. I'm only practice account so it's a good way to make my bad calls really sting enough to teach me a lesson. Once you max out your margin you can only lose a few pips before the position automatically liquidates.

Obviously if this was a real account I would never go 100% deep into margin.
 
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