10k (0.1) Position $300 to $64k In Twelve Weeks | Forex Factory

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Attachments: 10k (0.1) Position $300 to $64k In Twelve Weeks
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10k (0.1) Position $300 to $64k In Twelve Weeks

  • #1
  • First Post: Edited Apr 17, 2018 7:04pm Apr 13, 2018 6:59am | Edited Apr 17, 2018 7:04pm
$300 to $64K In Twelve Weeks Explorer.
I'm going to trade this account as if there was $300 available. My goal is to get to $64k in twelve weeks.
One shot, one kill, rinse and repeat. It sounds like I'm setting myself up for failure, but I think this is my best route. I'm going to trade this like a large account (100k), if you don't mind losing (100k.) You would have to be a millionaire not to care if you lost (100k.) So my theory is I can lose $300 dollars, no sweat, so just trade it like 100k demo.
A lot of people think it's easy to make money consistently in a demo account, and it's not. It's actually just as hard as a live account. If you have a trading method that works, it works in both a demo or live account. The difference between a demo account and a live account for successful traders is how much you're really willing to risk to drive up the account or risk substantial losses. If you have a trading method that works, it works in both a demo or live account, human psychology is not a factor. If you don't have a method that works, don't worry because you're in the 97% who can't make money trading (yet.)

I'm not going to respond to philosophical trading questions on this thread because its an exhausting, no win proposition. I think it's important to keep an open mind in life as humans are subject to inattentional blindness. It is what it is. Either I can do it or I can't, it's that simple.
  • #2
  • Apr 13, 2018 1:50pm Apr 13, 2018 1:50pm
Quoting profitfarmer
{quote} um, your website may dispplay those charts, but no ordinary trader will be able to access them to "visually learn" unless cough up 170$. probably by small oversight, that was left out. apart, good luck with the challenge. wish you could have 300$ real capital to risk, would make it just as much more interesting to follow.
I thought it would be interesting if I could actually do it. I do see your point however and will cough up the $300 for a live account however arbitrary it may be. Nobody has to pay $170 to watch this thread and I wouldn't expect someone to pay to see my charts unless it was worth it to them.
  • #3
  • Apr 13, 2018 4:24pm Apr 13, 2018 4:24pm
Quoting profitfarmer
{quote} great. i like live. makes it more real. i have seen some of your previous posts, and they often seem to be spot on. and believe me it isnt a common praise i use. the reference for the pay was to your site, since you happened to include it in the post. if you dont mind asking, what caused on your signature demo that -58% max DD?
That was EUR/USD. Those trades were up 60k if you reverse engineer them. I got busy and let the account go into zombie mode. I didn't reset my account or lock the data up to give the impression I was hiding something. When I got back to the account I quickly gained back the loses. I regret letting it happen because it ruined the 230 straight winning trades I had. But ultimately it is what it is.

I had looked at your account and I can tell your a great trader. I did see a 200% DD in February 2018 on the bar graph of your live account. I'm not trying to be smart because I know the consistency of the trades your making is the best I've actually seen on this sight. I haven't gone into great depth looking around, but I look sometimes. I actually thought that might be an error on that graph because that's not what your DD actually says in your stats.
  • #4
  • Apr 13, 2018 4:55pm Apr 13, 2018 4:55pm
Quoting PhaseCapital
{quote} That was EUR/USD. Those trades were up 60k if you reverse engineer them. I got busy and let the account go into zombie mode. I didn't reset my account or lock the data up to give the impression I was hiding something. When I got back to the account I quickly gained back the loses. I regret letting it happen because it ruined the 230 straight winning trades I had. But ultimately it is what it is. I had looked at your account and I can tell your a great trader. I did see a 200% DD in February 2018 on the bar graph of your live account. I'm...
Sorry it wasn't a 200% drawdown. It was 200%equity drop like mine. Did you cash out that day?
  • #5
  • Apr 13, 2018 5:19pm Apr 13, 2018 5:19pm
Quoting profitfarmer
{quote} hm, interesting question. i usually look into myfxbook or psy for stat. there was no 200% drop for sure, but end of febr and beginning of march had 2 back to back losing days, where my equity stop came into play ( not more than -10% a time)...for a total of approx -18% loss. else i do withdrawals from this TE account regularly if not in drawdown ( currently about -7% in loss for the year). so not sure about the reference, really. but looked the bar graph and it is alien for me, really how it is measure things as it shows gains of...
Yeah, these stats are hard to peg sometimes. I like how myfxbook tracks them better. No margin for error in the beginning. I've done it many times before, but not always.
Thanks.
  • #6
  • Apr 13, 2018 5:35pm Apr 13, 2018 5:35pm
Quoting PhaseCapital
{quote} Yeah, these stats are hard to peg sometimes. I like how myfxbook tracks them better. No margin for error in the beginning. I've done it many times before, but not always. Thanks.
removed previous posts, not to clutter up this thread.
once again, good luck!
there is always, always another trade!!
  • #7
  • Apr 17, 2018 1:55pm Apr 17, 2018 1:55pm
My goal is to get close to $30 everyday for two weeks and then compound the trade amounts every two weeks.
  • #8
  • Apr 17, 2018 2:59pm Apr 17, 2018 2:59pm
Quoting PhaseCapital
My goal is to get close to $30 everyday for two weeks and then compound the trade amounts every two weeks.
any reason why acc size and lot are hidden? is still a demo.no bad intention at all just a simple question as i am curios. and of course i am very curios to see how will go as i am a fan of big profits from small accounts,doing this since some time now.
good luck
Take what you can, give nothing back
  • #9
  • Apr 17, 2018 4:15pm Apr 17, 2018 4:15pm
Quoting Husky77
{quote} any reason why acc size and lot are hidden? is still a demo.no bad intention at all just a simple question as i am curios. and of course i am very curios to see how will go as i am a fan of big profits from small accounts,doing this since some time now. good luck
No. I didn't realize they were. I'll unlock them. Thanks
  • #10
  • Apr 17, 2018 4:22pm Apr 17, 2018 4:22pm
Quoting Husky77
{quote} any reason why acc size and lot are hidden? is still a demo.no bad intention at all just a simple question as i am curios. and of course i am very curios to see how will go as i am a fan of big profits from small accounts,doing this since some time now. good luck
Yes, still a demo. I'll add a live account asap.
  • #11
  • Apr 17, 2018 4:30pm Apr 17, 2018 4:30pm
Quoting PhaseCapital
{quote} Yes, still a demo. I'll add a live account asap.
i have no problem with that ,is your job what you do demo or live,just curios why a demo can be hidden.really curios how you will manage to pump it up.and i hope you will succeed so we can see some nice numbers up there.
cheers
Take what you can, give nothing back
  • #12
  • Apr 17, 2018 4:53pm Apr 17, 2018 4:53pm
Quoting Husky77
{quote} i have no problem with that ,is your job what you do demo or live,just curios why a demo can be hidden.really curios how you will manage to pump it up.and i hope you will succeed so we can see some nice numbers up there. cheers
I'm not sure what the first part of your question means. It's a demo, just for demonstrational purposes. I trade mostly futures on Think or Swim platform. I really think cross currencies are fun to trade. All though a chart is a chart to me, futures are technically very precise and currencies throw you some curve balls.
I honestly don't know if it will work. I don't trade like this in a live account. I think its interesting because I can get large strings of winning trades in a row. I just started thinking about it last week. This may really be a great way to limit risk. Trade $300, drive it up, withdraw money, repeat. You could even trade it more conservatively depending on your time frame. Of course you would have to be an extremely good trader.
  • #13
  • Apr 17, 2018 6:09pm Apr 17, 2018 6:09pm
Quoting PhaseCapital
{quote} I'm not sure what the first part of your question means. It's a demo, just for demonstrational purposes. I trade mostly futures on Think or Swim platform. I really think cross currencies are fun to trade. All though a chart is a chart to me, futures are technically very precise and currencies throw you some curve balls. I honestly don't know if it will work. I don't trade like this in a live account. I think its interesting because I can get large strings of winning trades in a row. I just started thinking about it last week. This may really...
first q was why a demo must be hidden.solved as long you didnt saw it was hidden.
next q ... no more questions.curios only to see how you will squeeze money from market.i use to do kinda same thing with usual 100-200$ accounts.at 900-100- cashout and start again.this formed me a good psihology and a good MM with fixed target.pump it up ,cashout ,repeat.of course i always think what can be with bigger start but never tried more than 500 as start balance.i got used to cashout fast with no regrets to not get into human nature problems
Take what you can, give nothing back
  • #14
  • Apr 17, 2018 6:53pm Apr 17, 2018 6:53pm
I typically get two areas on a turn or bounce that I can make an entry into the trade. There is nothing to say if I don't take the first entry it will give me the opportunity to get in at the second, better entry. Typically I would hit it at both entries as I have a pretty good idea were the retrace will go. Trading one trade makes me have to pick one or the other. I've been taking the first entry because time is of the essence and If I don't take the first trade I might not get another one for hours. So I'm not able to fully capitalize on the trade at this point, but knowing where the retrace is going, taking less pips to secure a trade is more important.
  • #15
  • Apr 20, 2018 5:29am Apr 20, 2018 5:29am
Slowly, but surely! I'm a day behind on my goal of about $30 per day. So hopefully I'll be able to catch up.
  • #16
  • Apr 20, 2018 5:56am Apr 20, 2018 5:56am
Quoting PhaseCapital
Slowly, but surely! I'm a day behind on my goal of about $30 per day. So hopefully I'll be able to catch up.
isnt the title says "300$ to" ...?
i see a 100k a demo.
there is always, always another trade!!
  • #17
  • Apr 20, 2018 7:06am Apr 20, 2018 7:06am
Quoting profitfarmer
{quote} isnt the title says "300$ to" ...? i see a 100k a demo.
  • #18
  • Last Post: Apr 22, 2018 4:52pm Apr 22, 2018 4:52pm
Still behind, but all winners so far.
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