There is no limit to what you can make in one day if you call the right direction,a stock called Ariad pharma I did alot of research on rose from $2 per share would have made me $24,000 in a few days,thats nothing compared to what i would have made if i caught it falling from $23 per share,id be a multi millionaire,you can go and check its price drop,at the time they were testing a new drug which was pulled off the market because it was killing patients,but then it got approved with restrictions.
A funny example of what I did was sign up for easy forex,they had a bonus signup of £30.00 ,so i started with none of my own money,I scalped the eur/usd for a few days and trebled the account,they called me up and asked how i was doing it,lol.I had to stop then because i was going to work in a trading company and you cant trade your own account under FCA rules.
my personal theoretical but realistic max. is considering a low DD (2%) is about ~50%(50R) but only at ~4days in a Month when special condictions met like 1.double of the normal daily range and 2.strong trend move with no large set backs
depends on your system and your level of experience. I have made 40% this month so far and I have missed plenty of opportunities as I have full time job on the side. So there you go yes it is possible. But you're going to have to put in the hours.
I work on Eur/USD and the DAX ,I hedge one against the other when I see them moving in opposite direction,normally they have a negative correlation on strong moves,as the euro gets weaker it helps German exports,including car manufactures,plus Germany is seen as a pretty safe bet for investors,I check the correlation to see what's happening ,then I look at techinicals ,RSI ,PSAR,w%R,Bollinger.If there is news coming out I'll sit on the side line until I see a reaction from the figures.I keep an eye on volume levels of the DAX to see is volume increasing on a sell off or is it average. I also look at areas of support and resistance to see where retail traders might have their stops and limits placed and wait for spikes to break through,then look to get in.I check the indexes to get a view of the direction of the market,data releases and I look at a retail indicator to see what bias they have,professional traders look at this too and usually make an opposite trade.
batchimeg90 posted: depends on your system and your level of experience. I have made 40% this month so far and I have missed plenty of opportunities as I have full time job on the side. So there you go yes it is possible. But you're going to have to put in the hours.
The only times you need to be near a pc is around data releases ,opening times and cross overs and closing times,oh and when Goldman sacks hit their desks at 11.30 am.
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