500% a day

The titel isn`t correct anymore!
I`m trying to win $64.000,- in 1 day with a $1,- start

Hello all.

I`m trying to win 16 steps in a ROW with forex.

How will i manage this?

 

1. I deposit $20,-
2. Every first trade i risk $1,-
3. Stop-loss = Up to the trader (mine is 10 pips most of the time)
4. Take-profit = Up to the trader (mine is 10 pips most of the time)
5. Wins in a row = =Up to the trader (my ultimate goal (arround 16 wins)

How do i try to achieve result like this?

 

1. I only trade Eur-Usd and Gbp-Usd
2. Look for the best entries
3. I don`t trade 1 strategy but i watch price action

This ofcourse hasn`t anything to do with normal trading but we have a bit of an advantage because after many years
of trading we know a bit how price action goes.
So we trade and gamble.


How do we start?

We start the first day and look for a proper setup.
When we find a good entry we enter the trade ALL-in
$1,- means 0.01 lot.
If we hit our TP (10 pips) we have $2,- total
Next setup we trade 0.02 lots and tp 10 pips will give us $4,- total

Step 1 $1,-
Step 2 $2,-
Step 3 $4,-
Step 4 $8,-
Step 5 $16,-
Step 6 $32,-
Step 7 $64,-
Step 8 $128,-
Step 9 $256,-
Step10 $512,-
Step11 $1.024,-
Step12 $2.048,-
Step13 $4.096,-
Step14 $8.192
Step15 $16.384,-
Step16 $32.768,-

If i can do this i would have gained $65.536,- Within 1 or 2 days with a risk of $1,-

What if we came to step 9 and we won a total of $512,- you can choose to stop and have 512 more tries It`s all up to the trader...



The chance to hit step 16 is bigger then winning the lottery!!!

Closed trade...
Started $141,- today
balance now = $406,-
didnt achieved daily goal, but it's still a nice result

Risking this much is a recipe for disaster...always was...always will be. You're basically looking to multiply your equity 5 times each day, which is insane. For this to achieve, all of your equity must be used. This isn't a trading anymore, this is a pure gambling.

however I wish you luck, you'll be needing A LOTS of it. (I am not saying this is impossible, but it is really, really hard). If you make it to the day 8, quit the trading forever, and don't ever think of returning...for you now reside in the pantheon of the Gods of Forex).

That's a great idea. Actually I have a similar idea and I've been working on that for a few months. My strategy has several setups and I've found out that one of them has a very high win rate. I'm going to apply only that setup with an account of 50$ and use 20% of the account for each position in first steps and decrease that as the account grows. It's the New Year time here in Iran and I'm too busy but I will start this plan from next week. I'm going to apply all my 10 year experience in this plan and I don't wanna rush it. Discipline and psychology are the most important factors for these kinds of plans.

I knew a person who used something like what I'm gonna do way back but he couldn't go further than 10000$ although his plan was designed for 1million. Most of the time he would lose a few 300$ accounts to get to that 10k or so. I haven't heard of him for about 8 years and I don't know how far he has gone in his plan. I wrote this to say that it's possible but I think the best approach is to withdraw the money after a few steps at first and then start your plan again and with your profit. That way you can cope with psychology issues that might happen better.

By the way, I think for some unorthodox ways of trade like that, you'd better avoid public forums for millions of reasons. You should be really focused in this kind of situation.

Good luck.

He starts the sequence with the profits and risks from $1, is risking $1 "this much" ? Everything else is house money until withdrawn.



I love the rags to riches challenges..Good luck to you!

Looks interesting. But if it sounds too good to be true...

House money, once in your hands (account) is your money, that's how I see it.

If I had 500 dollars, then earned another 500, and then if I was trading with 1000 dollars, I would be risking 100 percent, not 50 percent.

But it's OK if some people don't consider earned profits as their money.

You are right but you are mixing up money management views, you are thinking in the standard risk 2% of equity mentality.
You have to think of levels here not $$, and yes everyone has a psychological level where it starts to hurt to risk the profits.

The OP separated the levels by calling them Day 1,2,3 etc. and the point of this MM is to start from very little risk and compound it into a large amount.
You may call it gambling but lets be real he is only risking $1 real deposit money.

Following the 500 to 1000 example that is a 100% return and lvl 2 at best but you cannot get attached to money at lvl 2, that is against the objective of this MM.
So start with a small enough amount that you can keep trying until you make it big.--- You get the point.

In theory it sounds really good ...If someone has really good trading skills it makes sense to do this kind of trading, but the FF witch-hunts these kind of traders so you wont find them around. Also for every 1 trader that believes that its possible to make it big in Forex there are 100 others who will tell him that is impossible.

Your performance HERE?

Hi all,

cool that there is a discussion going:-)

i do have to say that i know that i have to think according to my own rules and think of days/points.

but like Diana is saying... it still feels like i will lose money i've could have spended very well.
this is the psychological thingy wich where i do have some issues with.
thats why it could be a good way to withdrawl some of the profits like Diana said and build some mental equity.

In my profile i've created a trade explorer for the ones who care

[quote=Robst3r;9664987]Hello all.

Hi bud, if you compound you can do it. i know because i have done it.
You need a good pair and a good method, you trading off price action after observing is good enough.
Another trick you can do is trade just 3 trades doubling up /all in, then start again with a higher lot size...
good luck but it will get a lot harder after 4/5 winning compounds.

Ok i have witdraweled $350,- pure profit and take it with me on my wintersport vacation that i will have from tomorrow:-)
$47 left in the account but i will trade it like it's a $1,- account

i risk $1,- and make it $6,-
if i lose i'll start over with $1,-

this is fun guys

What is the leverage you are using?

1:2000 with exness.com

hi Jmn hope all is well... he shouldnt be using leverage. he can do it without. BUT he j
has made a withdrawal so that is good.

This is crazy Robst3r but I definitely like that Nice Stats on the trade explorer and defo a great idea. If you really have withdrawed already than there is nothing that can go wrong. I am defo following. Have fun during the vacation.

Go for it mate. Downside is peanuts. Doubters can never think beyond their own ceiling. You got right approach don't let their ceiling be yours. Good Luck.

hi robst3r, how do i find out more about your strategy?

So, I checked something but the 10Pip SL means no stop loss?
Still very nice results. Keep going.

Maybe but not so sure. Because you fail taking risk doesn't mean somebody else will.
I have followed Robst3r silently in the background and I can tell you that he does some remarkable things when he pops up.
There is also another guy who makes 1000% a week or so. So, it is not impossible.
I actually encourage them to continue because this way I might be able to pick up some nice trades.