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1 year profitable trading goal

Quoting AlexDee
Finally 1 year has gone. I started with 300, was down to 150, but finished with more than 800 as a profit. It was a huge experience for me. Will see how it will be in 1 year time again.
Congratulations!

Updated the list...
Attached File(s)
File Type: pdf 1 Year Profit Ability.pdf   62 KB | 454 downloads
Quoting benaiah
{quote} Congratulations! Updated the list... {image}
Alexbee great job. One year is the first goal. Can you tell us what dis you learn in that year,? And what emotions did you have to control and what other are in progress?

beniaha are you coming back?
Im a Crocodile, Im a Sniper. Patience is everything.
Quoting AlexDee
Finally 1 year has gone. I started with 300, was down to 150, but finished with more than 800 as a profit. It was a huge experience for me. Will see how it will be in 1 year time again.
AlexDee, thanks for sharing to let traders know that it's doable, even when one's down.Did you top up the $150 or you built $150 to $800
Quoting Peruvian80
{quote} Alexbee great job. One year is the first goal. Can you tell us what dis you learn in that year,? And what emotions did you have to control and what other are in progress?
1. Money management is VERY IMPORTANT. Finally I understood, that it is almost impossible to make big profit in one moment. It will come, but slowly.
2. Trend is your friend. I never paid my attention to it, but it helps a lot. I like to buy/sell on the news, which moves the pair against the trend.
3. Entry point is sometimes a problem still, but using a correct money management helps.
Slowly, but positively
Quoting 9jatrader
{quote} AlexDee, thanks for sharing to let traders know that it's doable, even when one's down.Did you top up the $150 or you built $150 to $800
I deposited 300 GBP, but was down to 150 GBP at the start of December with all closed trades (used 3-4 different strategies at that time). After that I picked one strategy which was most profitable. Since that I transferred my 300 GBP back and have more than 800 GBP as a profit.
I reviewed my entry points - less entries but much better. Still looking for improvement.
Slowly, but positively
Quoting AlexDee
{quote} I deposited 300 GBP, but was down to 150 GBP at the start of December with all closed trades (used 3-4 different strategies at that time). After that I picked one strategy which was most profitable. Since that I transferred my 300 GBP back and have more than 800 GBP as a profit. I reviewed my entry points - less entries but much better. Still looking for improvement.
Thanks for sharing. Keep improving.
Quoting AlexDee
{quote} I deposited 300 GBP, but was down to 150 GBP at the start of December with all closed trades (used 3-4 different strategies at that time). After that I picked one strategy which was most profitable. Since that I transferred my 300 GBP back and have more than 800 GBP as a profit. I reviewed my entry points - less entries but much better. Still looking for improvement.
Congratz, i made mistake last week. Turn of my mt4 and start it again on sunday. I forgot that my weekend trigger is on friday. Algo start trading earlier than it should be. Without that i should be in small profit last week.
Quoting AlexDee
{quote} I deposited 300 GBP, but was down to 150 GBP at the start of December with all closed trades (used 3-4 different strategies at that time). After that I picked one strategy which was most profitable. Since that I transferred my 300 GBP back and have more than 800 GBP as a profit. I reviewed my entry points - less entries but much better. Still looking for improvement.
Congratulations Alex, wishing to keep this momentum going, always.
Quoting Peruvian80
{quote} beniaha are you coming back?
I took a week off from forex trading forex, however, I have still been trading futures almost every day trying to get funded...

As far as my forex account, I'm taking it much slower now. Just a small account, with only goal right now - control risk and no over-trading. After 6 months-year, I may see if I can get funded there too..
Quoting benaiah
{quote} I took a week off from forex trading forex, however, I have still been trading futures almost every day trying to get funded... .
Not running the top step hamster wheel are you? I hope not.
Quoting Sonofsin5
{quote} Not running the top step hamster wheel are you? I hope not.
Lol okay so you apparently couldn't make it through then.

but no matter, I'm not promoting any funding firm here was simply responding to inquiry regarding my status.
Quoting benaiah
{quote} Lol okay so you apparently couldn't make it through then. but no matter, I'm not promoting any funding firm here was simply responding to inquiry regarding my status.
No that wasnt my intention, Just be careful as I know it can be a hamster wheel of hoops to jump through. This is based off conversations with traders who passed their combines.
Quoting Sonofsin5
{quote} No that wasnt my intention, Just be careful as I know it can be a hamster wheel of hoops to jump through. This is based off conversations with traders who passed their combines.
Yea I understand what's involved. I passed it once already but lost my funded status when I did not control my risk well enough...
Hey benaiah,

Welcome back!! You also started a new account?
Quoting Horne
Hello, I just opened a new account for the soul purpose of participating in this thread. I think it will be interesting to see how many people who initially participate in this thread stick it out for a year. Of course I plan to be one, but I guess everyone says that - time will tell..
By September 2017 I only expect to be up between 25-50%. That being said, I won't risk anymore than 5% of the account at any point in time. If I pushed the risk up to 10%, I may be able to gain 50-100%, but it comes back to sustainability. In the big picture, i can safely assume horrible losing streaks and black swans are going to happen within the next 20 years.
Quoting Horne
{quote} By September 2017 I only expect to be up between 25-50%. That being said, I won't risk anymore than 5% of the account at any point in time. If I pushed the risk up to 10%, I may be able to gain 50-100%, but it comes back to sustainability. In the big picture, i can safely assume horrible losing
streaks and black swans are going to happen within the next 20 years.
Welcome! Thanks for the follow-up/reply post. I missed your first post.

Updated list attached...

I like your modest approach, similar to what I'm doing this time around. Main thing is to control risk, at leas for me, as I tend to risk too much, and just go for it...
Attached File(s)
File Type: pdf 1 Year Profit Ability.pdf   63 KB | 517 downloads
All is about risk and emotions. And also a lot lot of patience.
Im a Crocodile, Im a Sniper. Patience is everything.
Quoting Horne
{quote} By September 2017 I only expect to be up between 25-50%. That being said, I won't risk anymore than 5% of the account at any point in time. If I pushed the risk up to 10%, I may be able to gain 50-100%, but it comes back to sustainability. In the big picture, i can safely assume horrible losing streaks and black swans are going to happen within the next 20 years.
I was thinking some more about having modest goals...

Most traders, I think try to make too much money, and can't consistently control their risk (me included).

However, what if all you had to do was make 5% per week? Most would probably think this is not enough gains to make it, unless you have big capital.

However, even if you only start with $200, and make 5% per week, you would have millions $$$ in just a few years, actually 3.2 million at the end of the 4th year.

This really puts it into perspective. If you really keep risk down, as close to 1% as possible, patience will pay off, and it won't necessarily take that long...

If you can do 10% a week, it would give $4 million in 2 years.

But even less than 5% gains each week would still really add up after a short time, and you'd be able to live off trading after a few years. We just need to be patient...

Having said all of that, all you who have hundreds or thousands % gain, I look forward to your millions $$ gain in even sooner
Quoting benaiah
{quote} I was thinking some more about having modest goals... Most traders, I think try to make too much money, and can't consistently control their risk (me included). However, what if all you had to do was make 5% per week? Most would probably think this is not enough gains to make it, unless you have big capital. However, even if you only start with $200, and make 5% per week, you would have millions $$$ in just a few years, actually 3.2 million at the end of the 4th year. This really puts it into perspective. If you really keep risk down, as...

What im doing now is risking 5% per trade, my goal is 10 percent a week, or 40 pips a week, that woul make 2 trades of 20 pips each. so most of the time im just looking the market, waiting for a good chance to get those 20 pips, i just need a good set up and momentum. And its working for now, but im not waiting enough, i entered in trades and not good prices, and that why because im not patience enough.

Overtrading can kill my mind, so im doing this now, i see traders that make 30 trades in one day, for me that is impossible because i dont have time and second is because my addictive personality can kill me.
Im a Crocodile, Im a Sniper. Patience is everything.
Quoting Peruvian80
{quote} Overtrading can kill my mind, so im doing this now, i see traders that make 30 trades in one day, for me that is impossible because i dont have time and second is because my addictive personality can kill me.
You're really doing great. Overtrading kills every trader's mind and account.
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