Can I make 20% a week?

getoverit · #1 10-25-2009, 08:51 AM

Quote:

Originally Posted by dailylearner

very good result
congratulations!

Thank You, but this is only one day and the real success comes from being ahead after many weeks and months.
I have yet to find that daily system that can do that for me for over 5 years now and though this looks promising, I remain neutral in my official opinion on this particular system I have developed.

It may be a winner but if I don't produce the 20% a week that it is designed for then it is a failure. This was the first week and had my 20% and gave it away , so in retrospect though I succeeded in winning I also failed at the same time.

The system or formula I like to call it didn't fail me, I failed the system.

getoverit · #2 10-19-2009, 05:30 PM

I decided to manually close the last 2 trades at profit

Cad/JPY closed at 88.03 +34 pips 5800 units +$21.76
CHF/JPY closed at 89.57 + 26 pips 5700 units + 16.38

So totals for today are:
6 wins
0 losses
254 pips
$132.52
Invested $669.90
ROI = 19.8% for today
account balance = $1147.52
ROI = +14.7% in 3 days.
need another 5.3% tomorrow

ninjatrader · #3 11-08-2009, 05:41 AM

i wish you luck and many future pips. If it works for you...you're ahead of most people that try trading.

ninjatrader

getoverit · #4 10-20-2009, 06:56 AM

Eur/usd Sold @ 1.4973 T/p @ 1.4930
Aud/jpy Bought @ 83.66 T/p @ 84.13
Aud/usd Sold @ .9280 T/p @ .9241
Usd/chf Bought @ 1.0110 T/p @ 1.0139
Chf/jpy Bought @ 89.17 T/p @ 89.59
Gbp/usd Sold @ 1.6401 T/p @ 1.6342

getoverit · #5 10-20-2009, 08:29 PM

5 closed and hit targets, the AUD/JPY came close but it reversed and I waited for it to be at zero and closed it for today with no loss, no gain.
So here are the results:I invested $126.00 for each pair.
4250 units EUR/USD +43 pips pv=.43 +$18.49 invested 126.87
6850 units AUD/USD +39 pips pv= .68 + $26.52 invested 126.39
6300 units USD/CHF +29 pips pv=.62 +$17.98 invested 126.00
6400 units CHF/JPY +42 pips pv= .71 +$29.82 invested $126.37
3850 units GBP/USD +59 pips pv= .38 +$22.42 invested $126.00

Todays totals:
5 wins
0 loses 1 break even
Invested $631.63
Earned $115.23
Today's ROI = +18.24%
Account Balance now = $1263.16
Account ROI = +26.3% 4 days of trading
15 wins 8 loses = 65% winning percentage
So I should quit now for the week and I have my 20% but I can't see that happening ,lol
See you tomorrow morning, bright and early

getoverit · #6 10-20-2009, 08:35 PM

Oh I forgot to mention, I didn't use a stop/loss the last 2 days, however I don't want to recommend this as it is risky.

getoverit · #7 10-23-2009, 05:48 AM

I was out of town and couldn't post no trades till now.

CHF/JPY BOUGHT @ 91.15 T/P @ 91.65
AUD/NZD SOLD @ 1.2254 T/P @ 1.2224
USD/CHF SOLD @ 1.0057 T/P @ 1.0027
NZD/USD BOUGHT @ .7567 T/P @ .7597
EUR/USD BOUGHT @ 1.5027 T/P @ 1.5067

getoverit · #8 10-25-2009, 08:36 AM

Quote:

Originally Posted by getoverit

I was out of town and couldn't post no trades till now.

CHF/JPY BOUGHT @ 91.15 T/P @ 91.65
AUD/NZD SOLD @ 1.2254 T/P @ 1.2224
USD/CHF SOLD @ 1.0057 T/P @ 1.0027
NZD/USD BOUGHT @ .7567 T/P @ .7597
EUR/USD BOUGHT @ 1.5027 T/P @ 1.5067

Not a good ending to this week but still on the whole it has been productive. I knew I should have just stayed out of this last day but just to show you what happens with greed I did it anyhow.

CHF/JPY closed +2 138.62 inv. +$1.52
AUD/NZD hit + 31 138.25 inv. +$17.53
USD/CHF closed -43 138.29 inv. -$36.25
NZD/USD closed -26 138.42 inv. -$48.76
EUR/USD closed -35 138.83 inv. -$20.83

wins 2
losses 3
- $ 86.79
tot. inv . $691.99
ROI lost 12.5%

week total:
wins 17 60.7%
losses 11
earnings $176.37
ROI 17.6%

new balance $1176.37

Lesson to be learned; If you make that 20% in a week, stop!!!!!!!! be satisfied. My greed took away some of my profits. This is something you have control of and should control it.

getoverit · #9 10-25-2009, 08:41 AM

As you can see by my live trades, when you day trade it doesn't matter how good of a system you think you have. Day Trading will always be high risk and there are too many factors that you have no control of. What we learn here is to stick to the plan and if you do reach your goal, then stop! Or you may lose some of your hard earned dollars because of your own self greed.

Any questions??? lol

getoverit · #10 10-25-2009, 08:44 AM

Actually, I'll tell you the real reason I lost on friday. I short cutted my system. By this I mean I didn't take all the factors I have set up to make these trades. I used only part of them and it cost me. So if you have a system that works, don't try and take a short cut. Use your entire set up that worked and stick to it.