Seriously wasted after 15 min
Lost nothing... Now wait for the next setup Maybe i`ll aim for 50 pips 1: 5 on the next one
Lost nothing... Now wait for the next setup
Maybe i`ll aim for 50 pips 1: 5 on the next one
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote}
I apologize for my rude entrance and exit in your thread. I just realized this is in the trading journal section so you have the right to do whatever you want.
I also understand now that you are risking only $1 per "sequence" so 100 failed repeats is only $100 bucks. What I (and probably others) could learn from this 'experiment' (regardless of the outcome) is the mental discipline it requires at the initial 1-3 steps of trading such small size. That has been my personal challenge with such compounding activity. The recklessness of "oh-it is just a freaking $1" type mentality will most likely stop me from getting to level 2. I will silently follow along your journey and delete this post. Wish you all the best.
EDIT: My apologies to ItsAllOver as well. I now realize why you reacted to my post.
It's all good VEEFX
.... laughing all the way to the bank
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} Very Nice that you are trying too!! Thats the purpose of this thread... to have more people go for this and that one of us succeeds
Again,,,, thanx for the thread.
.... laughing all the way to the bank
{quote} I apologize for my rude entrance and exit in your thread. I just realized this is in the trading journal section so you have the right to do whatever you want. I also understand now that you are risking only $1 per "sequence" so 100 failed repeats is only $100 bucks. What I (and probably others) could learn from this 'experiment' (regardless of the outcome) is the mental discipline it requires at the initial 1-3 steps of trading such small size. That has been my personal challenge with such compounding activity. The recklessness of "oh-it...
From noxious to gracious, very rare in this forum especially admitting you didn't understand and another point it is clear to see Robst3r has been here for some years now so is not likely to be a total freshman. Others especially the know it all Gazillionaire Red Flags need to take note of this before they try to stick in the size 9 negativity boot.
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote}
Too right
.... laughing all the way to the bank
{quote} It takes a man with no Ego to admit when he is in the wrong :-) Red flags including the old vouching system is all bogus. It is designed to generate more page hits and ad revenue including the likes/dislikes and the rest of the crap on social media . I became red flag literally in matter of days posting crap and getting likes LOL. IF only folks would read that I often delete my posts regardless :- This type of trading requires immense skills which the OP seems to have. If anyone can do just one trade with RR of 1:6 every day with 10pip stoploss,...
It's not 500% 6 times a day. First post shows 8 days with a 500% gain each day. Plenty brokers out there who pay out without issue but agree that is the first base that needs to be covered as withdrawing monopoly money is no fun.
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} but surely, you are accustomed as a trader ( or not trader) to more than 1$ or 5$ or even 30$ to handle. most certainly it contradicts your second part about draining the banks...
No there is no contradiction in my post,,,,, but you could do with sharpening your comprehension skills.
.... laughing all the way to the bank
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} probably you are right. one day it might be as sharp as yours, never know. in the meantime i will watch you to learn how to turn my 1$ to 5$...without "the fear of trading with big amounts . There's something restrictive about dealing with sums of money you may not be accustomed to,,,,,, your decisions are marred by the fear of losing."
I'll explain in more words.
Most traders try and follow their rules when they are trading. The problem arises when their balances increase significantly and they find that they are not reacting in the same way as when their trading balances were smaller. The fear of losing ,causes one to be over cautious when dealing with sums one might not be accustomed to. However, knowing that you have started with £1 removes that fear.
Get it?
Hopefully that makes my original post clearer.
.... laughing all the way to the bank
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} OP: "I`m just back now and still believe it is achieveble... I would say it already was a succes by only gaining €400,-" big bucks? well. depend i guess. a lot more than most makes on a demo...and less than some makes in a day without needing to hit 500% any given time period. just some thoughts, that is all, will keep reading!
.... laughing all the way to the bank
{quote} This dude did not get paid by his broker.... https://www.forexfactory.com/showthread.php?t=582688 I have heard many such stories. https://www.forexfactory.com/showthr...19#post8962219 EDIT:I read the first post from OP again. He is taking only ONE trade of 10pipSL and 60pip TP taking $1 risk to turn into $6 on day one resulting in 500% per day. 10 pip SL on 0.01 Lot = 10*10 cents = $1 60 pip TP on 0.01 Lot = $60 * 10 cents = $6 So it is just ONE trade setup per day resulting in 500% profit. Did I get this...
I can also go for 5 times 10 pips... Most of the time the price doesnt even move 50 pips.
You can also trade with a risk of 1:2 and double up every trade. This can result in a much bigger profit in a shorter time... It`s all up to you.
But my lowest goal to achieve per day is a minimum of 500% and if i fail i`ll start over
cheers
