I'm sorry, maybe I'm off topic.....
Double re-penetration on daily GBP/USD for the next week?
Hi, Sardinian. I think that there was no sufficient thrust down to clarify this as DRPO. May be it will work accordingly, so I better call it Look-alike DRPO...
Thanks Sive. I was asking all these questions to get a better idea of what is reasonable to expect from trading. My goal is to be able to appreaciate my account 1% daily while using good money management. When I calculate it annually it adds up to multiplying my account 6x. At first it seems too good to be true, but it is good to hear that it sounds reasonable to a professional. I trust your expertise.
Thanks for being an inspiring trader. You have shown your expertise during the whole year. I have never seen anybody show his skill so transparently. I am really thankful to you.
Rasto
Well, Rasto Surely this question is up to you, I mean your targets from trading etc...
But, due to my exprience... I understood that to think in a way of 1% per day, is not suitable for me... In fact, I think that it almost impossible to accomplish. Personally, I gudge my success in quality of each trade - Am I trade stricktly according to my trading plan, am I trade right or not. If I've made a "right" trade. This is a success... Just go from one trade to another and try to keep 'em "right'/ And as a result you can receive even more than 1% per day.
I tell you, because 1% per day will be press on you, and probably you will enter in undesirable trades, that you wish to pass in general...
Sometime ago, I also thought like you, I mean, today, for example I rise 0.7%. Oh, if I will rise the same daily - at the end of the year my account will be... etc, etc. so on... Then I uderstand that this is wrong way to assess the quality of my trading. But may be it will be suitable for you, who knows...