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Can I repeat turning $800 to $5000 again? 48 replies

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Attachments: Turning $800 into $1 million in 1 year
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Turning $800 into $1 million in 1 year

Quoting 1pipperhour
{quote} Trading 4h/daily chart and aiming 5 to 10 pips? Whaaaaaaat???? What's the SL if any?
think hard and carefully the logic behind it.. and how you would manage that
Just move on brother. Forget about it. Do whatever way you are trading but next time before adding a trade do calculate the margin.
Forex; the game of movements not the game of candles.
Hi ya,
What is your R/R ratio and risk percentage to account balance?
Hi raphaelfx,
Getting stopped out is very common when you hedge your position. I've experienced it many times. Appauled your courage on sharing your trade explorer through the journey. All the best for next round.

Regards
Quoting havo
{quote} think hard and carefully the logic behind it.. and how you would manage that
I just don't see it. Scalping 4h/daily tf? Totally pointless. Scalpers are using bigger trade size. If not using sl, sooner or later you're doomed.
Quoting laikos
Hi raphaelfx, Getting stopped out is very common when you hedge your position. I've experienced it many times. Appauled your courage on sharing your trade explorer through the journey. All the best for next round. Regards
Were you hedged the same pair equally lot sizes both sides?

Because unless you had your margin used about the same size of your equity, you shouldn't get stopped out.

I didn't feel anything the day of the loss probably because of the adrenaline of the trading. But now that things sunk in, I'm feeling a bit disgusted with that loss.

I'm not pissed off or depressed like it has happened in the past when I had losses.

It's just a weird feeling of disgust because it was such a stupid loss. The broker didn't do anything wrong, but still doesn't feel like a legitimate loss.

I had protected those "losers" for many days, I was holding for a reason. This current setup is gonna be proof that I was gonna be able to close the majority of the longs for profit, and ALL of the shorts for profit.

My estimate had that not happened, I'd be the end of this week easily with somewhere around 3 to 4k. And beginning to middle of the next week, I'd likely have matched my equity to my balance and closed all of the positions. So probably somewhere between 7 to 8k. At least.

Doing some revenge trading now out of spite. Not against the broker, but the situation.
Quoting raphaelfx
{quote} Were you hedged the same pair equally lot sizes both sides? Because unless you had your margin used about the same size of your equity, you shouldn't get stopped out. I didn't feel anything the day of the loss probably because of the adrenaline of the trading. But now that things sunk in, I'm feeling a bit disgusted with that loss. I'm not pissed off or depressed like it has happened in the past when I had losses. It's just a weird feeling of disgust because it was such a stupid loss. The broker didn't do anything wrong, but still doesn't...
Trading is one of those "games" where you can be right in general terms, but still lose everything on wrong timing, even by minutes, or unlucky money management.
Capital preservations is imminent priority.
Recall a week prior you were equity-wise about on track with the target, that would give a great chance to close some of opposing "hedged" trades, with only cost to balance, that isn't the real number anyhow, and with the gain to have lessen swap charges loss, and more breathing room.

My suggestion, that on the 200$ don't commit suicide by dramatic swings. Earlier your day was up 30%, that is great, and 2x proposed weekly gain, then let all turn against you...at least should consider taking some off, better to book the week on the new account once way ahead of the target 15%/wk.
While 200$ not a lot of money on one hand, it is silly just to throw away of some kamikaze gamble. Maybe just buy lottery tickets?
About the same chance to get 1 million than making it from 200$ to 1 mill. in a revenge trading rush!

Weekend is here.
Get out, clear your head, then formulate a plan you get your targets straight, the rules straight, and next week just stat to execute them! Them I said, not yourself in a kamikaze fashion!!
there is always, always another trade!!
Weekly goal: grow back to original capital.

And then take things from there.
Quoting 1pipperhour
{quote} I just don't see it. Scalping 4h/daily tf? Totally pointless. Scalpers are using bigger trade size. If not using sl, sooner or later you're doomed.
i never metioned anything about not using stop loss.. ever (dumb move); its not pointless but i can see that you are not ready yet; keep practicing you will see it eventually =)
Quoting havo
{quote} i never metioned anything about not using stop loss.. ever (dumb move); its not pointless but i can see that you are not ready yet; keep practicing you will see it eventually =)
What ever man. Keep chasing 5 pips on daily chart
Quoting raphaelfx
Weekly goal: grow back to original capital. And then take things from there.
I told ya, buddy. And with this "goal" you made the second big mistake right after your first expected loss. It does not matter how far your equity curve got - only your current deposit counts!

And getting from 200,- to 800,- means 400% gain, which is simply not possible without incredible risk. The strategy behind it is totally irrelevant. Risk/reward stays connected independent of the applied trading approach.

Reduce you aims in terms of expected increase and your risk is going to reduce as well. Only this way you might have a chance to survive longterm.

Good luck.
Hi Raphael,

Will you consider starting over?
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