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Attachments: I want to pay off my mortgage asap with Choros
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I want to pay off my mortgage asap with Choros

  • Opened Sep 17, 2014 | Never Closes | 60 Votes
  • Poll Results
Can I do it?  
You can do it 21 Votes
35%
You will do it 12 Votes
20%
You can do it 3 Votes
5%
Of course you can do it 9 Votes
15%
I am hater 15 Votes
25%
  • Post #1
  • Quote
  • First Post: Sep 16, 2014 10:59am Sep 16, 2014 10:59am
Hi all
like the title says - I want to pay off my mortgage as quickly as possible with fx money. There is no point for me to look any further than that. Life when you're mortgage free is much easier - you have comfort that nobody will kick you out once you lose a job ;-) and you know you have something valuable to pass for your kids once you pass away.

I am in mid thirties and realised I am unemployable person. Why? Just a feeling. My skills don't match any role, I am so caled multiskilled person with passion (if you can have passion towards any job) for logistics. I know a bit of everything and I am not specialist in any field, plus my English does not sound native - it makes me unemployable (or that's what I think). This is what worries me - that's why I want to pay my house off as quickly as possible.

And my dream job? It is working from home - no people to supervise, nobody to blame, nobody to be blamed by, working when it's comfortable for me. Enjoying life

Why aiming so low? (Why aiming higher? it's better to set smaller goals and set another after achieving present goal) some people aim millions and millions, and they hide their explorers - just brag - what a bull....t ;-) nobody is perfect but some people are way too overconfident. I will show my explorer with amounts and will post entries and exits for each trade.
Starting amount is 100 Pounds - target is bit over 120k of mortgage, about 10k to buy a new small car, about 10k to keep for further trading, plus money on some holidays and taxes - I am not dreaming of millions and the amount I expect still seems huge. Once I gain confidence I will add some to the balance as I do realise 100 Pounds is not much to trade with.

My trading rules? Choros: http://www.forexfactory.com/showthread.php?t=236210 - realy good method in my opinion. Don't ask me about details - it's all in the link.
Maximum risk ever - 1%@10pips s/l
Take profit set as 30pips but trades will be shut manually or tp will be changed as I will be watching trade after opened
Maximum 2 open trades at a time
Maximum 2 loses (2%) a day and I pass for the day - 3% allowed once last 5 trading days were profitable
Maximum 5 wins a day and I pass for the day
Trading only those days when I am off work (about 100 days a year)
Trading between 7am 12pm London time, later than that only when no trades were open before or had no time
No specified time to achieve the goal and no specified daily targets as it depends on what market gives - I expect it may take few years
Will start posting my trades and open explorer once I shut my first trade

I won't brag that I can do it, I hope I can do it with bit discipline - If I fail (happened many times in FX) - I'll admit it, nobody is perfect and If I fail - at least I'll know I have tried

And on the end some motivation I like to watch:

Inserted Video


Inserted Video


Wish me good luck ;-)
On my way to financial independence - if others can do it - I can do it
very interesting SUBSCRIBED!!!

GO for it
Don't speculate trade with surety.
Hey !
I wish you really success with your thread!
Hope your dreams will come true!
.....by the way ... I like the first video !
I will mute it and put it on the screen when my GF comes the next time , she likes this romantic view.
Good luck , Guido
Risiko birgt immer auch die Chance!!!
Quoting Sesamstrasse
Hey ! I wish you really success with your trade! Hope your dreams will come true! .....by the way ... I like the first video ! I will mute it and put it on the screen when my GF comes the next time , she likes this romantic view. Good luck , Guido
thanks. It will be difficult for me as over years I have learned discipline (or ellements of it), but still am nowhere near good trader. still have problems with forcing trades. Nial Fuller wrote on his blog - trade forex like a sniper - and that's what I want to achieve. That's why I opened this thread - maybe fact that people see me breaking discipline and will tell it for me will force me to stick to the discipline as I will be embaressed to brake it.
So if you see me breaking my disciplie - do not hesitate to slap my whirst

I will be posting every trade with chart and entry/exit explanations and analysis of mistakes
On my way to financial independence - if others can do it - I can do it
Whatever happens, just enjoy the ride!
Good luck!
there is always, always another trade!!
Wow! I felt like I could have wrote most of that post myself Eur Usd! I mean, it literally felt like you were describing my story to me (save for a couple of small details) in your post. Best of luck to you, and I hope we both succeed!!! I'll be following along closely.
All the best buddy....!
Good luck and be safe.
Meeeooow !!!
have you demo ed with this making this amount? have you trading a small account live and made 3%-9% per day? if no then you need to do this first.

all the best!
All posts are my personal opinion
Quoting Nate04
Wow! I felt like I could have wrote most of that post myself Eur Usd! I mean, it literally felt like you were describing my story to me (save for a couple of small details) in your post. Best of luck to you, and I hope we both succeed!!! I'll be following along closely.
do you also feel unemployable?
On my way to financial independence - if others can do it - I can do it
Quoting Rtm
have you demo ed with this making this amount? have you trading a small account live and made 3%-9% per day? if no then you need to do this first. all the best!
I have been doing demo for few years, and 2 years with this method. I am the biggest problem in this method. As about demo - I am sick of demo as it does not really simulate live account. We'll see how it goes, but I am glad to have here people with criticism - it helps a lot
On my way to financial independence - if others can do it - I can do it
Quoting Eur Usd
{quote} do you also feel unemployable?
Somewhat... I feel very employable for crap jobs that don't pay much. Jobs that actually pay decently though, yes... very unemployable.
Quoting Eur Usd
{quote} I have been doing demo for few years, and 2 years with this method. I am the biggest problem in this method. As about demo - I am sick of demo as it does not really simulate live account. We'll see how it goes, but I am glad to have here people with criticism - it helps a lot
Okay you have done demo for 2 years can you post the results? Doesn't matter if you sick of it or not. trading is about results! Post your demo with decent results then you go to live. It is better you learn some tips from criticism of others than pay your way in like me trust me! Just trying to help you pal
All posts are my personal opinion
Quoting Rtm
{quote} Okay you have done demo for 2 years can you post the results? Doesn't matter if you sick of it or not. trading is about results! Post your demo with decent results then you go to live. It is better you learn some tips from criticism of others than pay your way in like me trust me! Just trying to help you pal
I'll be honest with you. My results on demo have been better and worse. I had better reults and it was 30 to 80% a month with this method. But then my impatience and will to do some weird tests on demo (like risking 100% of balance on silver) ruins it. That's why I go with my trades online - embaressment will discipline me ;-)
On my way to financial independence - if others can do it - I can do it
Quoting Eur Usd
{quote} I have been doing demo for few years, and 2 years with this method. I am the biggest problem in this method. As about demo - I am sick of demo as it does not really simulate live account. We'll see how it goes, but I am glad to have here people with criticism - it helps a lot
well said.
about you and the demo.
we are in the same boat
there is always, always another trade!!
Quoting Eur Usd
{quote} I'll be honest with you. My results on demo have been better and worse. I had better reults and it was 30 to 80% a month with this method. But then my impatience and will to do some weird tests on demo (like risking 100% of balance on silver) ruins it. That's why I go with my trades online - embaressment will discipline me ;-)
Sounds like other things coming into your trading besides trading ! You will get there, just keep at it like any skill takes a lot of work. Maybe its time you start with small balance trades and start practicing the psychology more so? IMO posting trades online does very little for the individual unless they trying to sell service PAMM or EA. You simply exaggerating everything by showing off your results and EOD, no one cares. Its you against yourself in this! Good luck and wish you the best!
All posts are my personal opinion
Quoting Rtm
{quote} Sounds like other things coming into your trading besides trading ! You will get there, just keep at it like any skill takes a lot of work. Maybe its time you start with small balance trades and start practicing the psychology more so? IMO posting trades online does very little for the individual unless they trying to sell service PAMM or EA. You simply exaggerating everything by showing off your results and EOD, no one cares. Its you against yourself in this! Good luck and wish you the best!
Nah, I am not selling anything. I post as I hope it will help me. Besides there are so many people on ff waiting to criticize others (because they cannot trade) that their criticism will help me to keep discipline - at least I hope so
On my way to financial independence - if others can do it - I can do it
I wish you the best of luck! It sounds like you have a solid plan and the right attitude
Quoting Eur Usd
{quote} So if you see me breaking my disciplie - do not hesitate to slap my whirst I will be posting every trade with chart and entry/exit explanations and analysis of mistakes
Good luck with your effort from the bottom of my heart.
I have seen your work at the CHOROS thread and in my opinion you have what it takes to do it, just work at your discipline as you suggested.
Again good luck and I will be watching from time to time.
Quoting kostas1
{quote} Good luck with your effort from the bottom of my heart. I have seen your work at the CHOROS thread and in my opinion you have what it takes to do it, just work at your discipline as you suggested. Again good luck and I will be watching from time to time.
thanks - you're my inspiration ;-)
On my way to financial independence - if others can do it - I can do it
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