Can you Make 1% Per Day Trading? (The Truth...)
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- Опубликовано: 15 июн 2024
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0:00 - Intro
0:48 - Is It Possible?
5:58 - The Reality
20:16 - What Is Realistic Then? 
Развлечения
Thanks Nick you’re the most transparent 👏
By the way, I like your new Notes-taking style.
Thanks Nick..Love your vidoes as always! most realistic man
This is why I subscribed. Thank you for helping me solidify my hunch that I should treat trading live an advanced savings account rather than a casino. 1-5% a month is an inspiring goal, as I have reached this goal before in my backtests., so the bit about ruining a strategy by trying to perfect it hits home. As an algotrader I have ruined too many humble (1-5%+/mo) strategies trying to create a get-rich-quick strategy.
Thank you for this healthy wake-up slap. I can smell the coffee :)
So you average 3% a month?? Sign me Up …
Food for tgought there. Really great video Nick, thanks
Awesome stuff. One of the very few RUclipsrs just telling it like it is.
Such an important video you have made here i have been guilty of being too agressive myself i have now officially converted to slow steady returns!
thanks nick you a real one god bless you
Ur very genuine man thanks a lot for being so humble and telling us the truth about forex
Distributions in terms of wins and losses are completely variable, meaning you can still lose even if your analysis is correct, it can happen but most times it's a distribution of wins and losses.
I make 100% per day which is over 30,000% a year my strike rate is 97.7% on average I traded with an $100 account and now that badboy is above $400,000 I don’t pay Taxes and I always wipe my left shoe before I wipe the right one I also trade on an unregulated broker it’s so unregulated that it should be illegal at this point and also I like Pineapple on my pizza and the Milk goes in before the cereal…..Thank you.
lmao!
Show me your track record from reliable broker account history.
@@faridulislam969 “Trust me Bro”
😂😂😂
I dont want peace, i want problems… always 😂
This guy speaks truth finally this is the guy you want to be listening to seriously everyone most people online are full of crap you cannot listen to anything they say this guy is actually telling you the truth
I can relate to everything you say directly and indirectly. Trading is more than clicking buy and sell. Far more than unrealistic expectations
Non-compounding, yes.
thank you very much nick! alot of people wont understand what you just spoke about but will go to university for 4-5 years AND THEN get a job ......... why cant we apply that same patience in this CAREER
Excellent point!
This is another great content...🎉
Any recommendations for leaning how to do a paper trading sir ?
new vid lets goooooo
What about using monte carlo simulaters for predicting returns?
If you want I’ll send you my excel spreadsheet. I agree risk management is important. That’s why I haven’t had a 3% drawdown yet. I only risk 1% a day.
😂😂😂😂 excel spreadsheet ?! 😂😂😂😂 show us broker statements. You are totally delusional and firstly deceiving yourself.
An excel spreadsheet? So these are theoretical trades?
Excel spreadsheet 🤡, none of the scammers have verified track record. No one is interested in your excel spreadsheet 🤮
Hey nick, what’s your average monthly return since you’ve been profitable? Curious as to what it might be, I’ve been somewhat profitable for 6 months now and average around 2-3% a month.
Depends on what type of trader you are, you can aim for 1% per day but not everyday will be a win. Roughly lets say 250 trading days even if you have a strategy that gives you 75% win rate. Your return on the year would be 100% which I do think is possible for the right trader. Long term the numbers would then flucuate because not every year would be a perfect market condition for you.
100% returns per year? Are you stupid? You'd be the richest person on earth in a short space of time.
Do you have a 75% winrate? And have you make 100% in a year?
I backtest stuff over 12 years and it shows 45 degree equity curves only to fail once i put it on a demo account. I've finally got 2 algorithms now that are profitable over long term use. One strategy is really good doing 8% per month and has been like this for 2 and a half years with only 18% drawdown and 3.07 profit factor (71% win rate, 10.23 average win pips, 7.08 average loss pips). Another strategy is my own making 2% per month and currently has a 2% drawdown and about a 1.6 profit factor.
Can you tell me where did you backtest over 12 years of data and how u make those journal and equity book?
at least just until here, you are the only trader who speaks reality, hope to find more of them if they exist, thank you nick
Nick is a rare gem 💎 in this business.
I trade small margins. Like - change of 3 cents on a $18 dollar stock.
Only trader on RUclips I rock wit😎
Thanks for debunking myths
Hey nick, I am a big fan of your content, integrity and honesty. I have question. We know that CFD is prohibited in US. So, what kind of forex trading allowed for US retail forex traders and brokers? What is the business model? Thanks in advance!
I have our together our options for us traders here: a1trading.com/brokers
I agree with Nick, 1% a day for the year is 365% annual growth on the account. A 10k account in 5 years with 1% a day is 22 mil account balance and in 10 years it is 47.6 bill account balance. Which seems to make the case that it's highly unlikely for someone to achieve that or all the pro traders that been trading for 7+ years now would be millionaires and that's not the case.
Even more when compound each 1+ is 101 you need another 1% from
The 101 that’s now 1.01
Next day would be 102.01
I have a funded account 200k.. I trade gold and most days I would make 1k-2k with 20 lots. That’s 0.5%-1%! a day. 5 trading days out of a week, 4 weeks. Some days I’ll make 3-4k but I’ll take what the market gives me. I’m intraday trader. This past Friday was the biggest trade I have ever done I bought at 1872.89 and price went to 1929.. i had made more than my salary from my job in a day!!! I stayed up all day by the way I could’ve believe it. So yes it is possible if u have a big account and catch 10 pips small moves per day and walk away and not be greedy!
If I make 3k-5k a week, I’ll walk away because I use to make 3-4k monthly from my job and if I make 8-10k a month I’m happy with that I just started trading march. But I lost so many nights of sleep and family time and going out to achieve my strategy etc.
But I do lose. So that’s why I can make 15-20k some months but I do lose and I’ll only withdraw 8-10k a month. 5-6k on a bad month… but I make more than my job and I can cover the bills and groceries so I’m ok with that. The reason some traders make 20-30k a month is because of the big lots and leverage they have… you can easily make 8-10k a trade with 100 lots with a 5-15 pip move and that’s what some do. Some even make more but they follow the trend and swing trade.
What's this music playlist behind the video??😎
Great Video.
Makes a lot of sense.👍
What if I risk 5% per trade and have an average of 18 trades a month with a 1:2 RR and a 50% win rate? ;)
Here in EastAfrica, uganda
Hello,how are you
Bro can you please keep your videos under 10 minutes, a humble request
I came to this conclusion a few months ago while testing and optimizing my ea I was for the idea that you can trade without losing and was profitable for 6 months and when the losses came boy did they rain down lol, getting to 50% isn't exactly
THis is interesting. I am wrapping up my second week of trading. First week I did exactly 8 W 2 L. In my second week however I am 3 and 3, and currently on my last trade of the week. I did all the math last week, estimating how much I could make. I will trade for years to come as I love it. I do believe can come out on top in the long run. Week 3 starts tomorrow.
Thanks for the video. How do you feel about 60% wins per week? Truly not doable on a long term basis?
With respect, whipping out the calculator is one of the most relatable things all beginners do 😂
While you may have had a hot start, I will caution you - it could save you a ton of money.
Generating any consistent profit overall in the market over long stretches of time is incredibly difficult. I would kindly suggest you likely got lucky, and to at least stick to a demo account until you experience your first drawdown/losing streak.
I wish it was that easy, but trading is one of the hardest things ever learned how to do, and won’t sugar coat it!
I found this great, given I started becoming interested in trading by hearing swings that made 5% in a few days. Seemed like an interesting math game. So I developed the 1% a day strategy, which everyone assured me is easily possible. I know even now I’d take losses, but I’ve also created a safety net for that hurdle. However, all of this is contingent on whether I’m a profitable trader.
You should mention that taxes on capital gain will eat up to 50% of your "1% daily profit" very fast every year. People always forget to plan for this.
🎉🎉🎉🎉🎉
But $100 per day for 5 years can't still make you $1Billion, so, what logic did you use in your calculation?, Could that be compounding!?
yup compounding
$10,000 account, 1% profit per day, compounding each day
❤
You can make 1% profit per day if you have strong emotions and stick to the strategy of 1:1 TP to SL. And compound if you r in loss like risk 2% 1:1 again.. I’m making it for the past 15 days… I want to continue…
No influencer talks about spread
Hi Nick, plz help me Iam a new trader, need help with a us broker I can open up an account with, I already have trust issues with many brokers, a lot is manipulated
webull
I trade based on technical analysis, such as key levels of support and resistance, candle reactions at those key levels, and then I look for trading patterns on lower time frames. My trading rules are quite conservative, like taking trades on breakouts, placing breakeven orders for each trade, and setting take-profit levels. I've been trading in the forex market for 4 years. I have a question for you: Can we take more trades when setups are available while following the rules? How many trades can you say can be active at one time?
You been trading for 4 years you should be able to answer that question yourself? If u see a good setup with high probability why not take it?
i believe its possible to make 1% profit on your money in average / day. as long as you are consistent, ofc its easier at a certain $$ level. but i take trades of $22k or more at a time and ill usually make $300-$1000 on that money. and im able to do it everyday. thats already 1% of my money im trading. how ever if we are talking about my entire net worth yes, the more money i have it would be harder. but thats if you compound your money. i can do 1% /day on average on my $25k account every single day.
On average, 1% per day over a long period of time has never been done/recorded by even the most professional traders on an audited account, or portfolio Theoretically possible, if you had inside information!
Yes I can. Maybe you can’t! Risking 1% to make 1% is definitely good risk management. I’m up 129,000% in 15 months, which is more than 1% a day. 1% a day is around 1000% per year. I have less than 3% drawdown over 15 months. I have an 85% strike rate with a profit factor of greater than 10. I understand your theory that you would be the richest person in the world in a matter of 10 years. I know you don’t believe me and that’s fine. But I have no reason to lie to you or anyone. All the best.
My goal is to encourage people to think critically about this, and not fall into a common trap of overestimating trading results. If you'd like to drop a myfxbook link or audited broker statements showing a few years of these type of results, I'd happily take down my video and make another one crediting you on your accomplishment. Unfortunately, despite me making this request many times (and even offering large cash offers), no trader has ever been able to back these claims with proof. I'm not spiteful, I'm not a hater, I'm simply asking for proof if you indeed are able to produce those returns long term. Comments like these are dangerous to beginners, because they don't come with any verifiable proof.
If that is the case you should accept his challenge of whoever makes 10% per month for 2 years gets 10k or 25k I don't remember the number
Tell me that’s on Demo.
Kindly drop a myfxbook link to backup your claim. If you can't then you are definitely a joke
You are just delusional. If you were not lying you woold simply borrow 100k and be a millionaire within a few months!
Eightcap! You forgot eightcap? 😢
That’s if you don’t withdraw though lol 2:55
Trading is exponentially more difficult than I
Imagined . I
Might be on demo
Forever lol
Get with me I can shorten ur learning curve
@@Jonathan-rr4fj.i want to learn
I look at 2% per week.
I want to disagree with you on this.
Open an account with any broker of your choice.
Let me have the password and if I do not double the Amount in 2months which is far beyond 1% a day I will personally give you my own 200dollars.
But if I am able to double the Amount in two months you will give me all the profits made.
Let's have this bet please
Hey dear kindly reply
Bro, I get that it's not common, but you can definitely make way more than 1% a day. My mentor asks from us at least 10% daily. The thing is that these are unknown traders because they're not famous because they don't need to be. But making more than 1% is not that hard and you could do it without even needing to risk a full 1% per trade.
What mentor asks for 10% daily? That is unrealistic
Why are you helping us ?
Because I love this topic, and I make some money from ad revenue on RUclips
if you only take high probability trades, i believe 20% is possible. maybe only 1 in 500,000 can achieve this consistency though 😂😂😂😂😂
1% a day? Lol never in the life, not possible to pull it off long term. Maybe average 5% a month but you gotta be really good
1% is a good aim to go for daily with a 1% or .50% risk . It can be done if your a scalper. Old school traders won’t understand that but it’s okay. You see traders are doing it now.
No one is doing it except for fake Instagram traders. I defy you to show me on such trader who's doing it with verified track record
scalper is even more dangerous. Scalping means risking small range of pips in a smal range of move.
@@giwibrion3356 as long as your sl in danger is relative. I’m a 15 pip tp 10 pip sl type scalper. Risk .5 to 1% 1 trade a day. No set up no trade. So it’s all relative to me I’m ok with it to someone else it’s dangerous
First viewer
Up down and sideways...my wife has more personalities than the market...trading is easy
I like your content but your videos are way too long.
I try to be in depth rather than brief on subjects. I do tend to rant, but hopefully it is still helpful!
@@TraderNick
And that’s why there’s time stamp
With forex ts very possible. Everyday
The GOAT Forex video for me.
Busts my bubble 🫧 but makes my happy.
TIME TO UNLEARN THE LIES ‼️
The GOAT Forex video for me.
Busts my bubble 🫧 but makes my happy.
TIME TO UNLEARN THE LIES ‼️