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Attachments: $10 to $80,000 in 13 trades
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$10 to $80,000 in 13 trades

  • #101
  • May 7, 2018 10:25am May 7, 2018 10:25am
Interesting concept...
  • #102
  • May 7, 2018 12:14pm May 7, 2018 12:14pm
Quoting vishaal84
Who can achieve 13 consecutive winning trades with a risk reward ratio of 1:1. risking the entire amount and therefore doubling equity. is it possible? any1 up for the challenge? risk will always remain just $10 I have seen 16 consecutive reds in roulette so wats the chances of picking the very high probability trade setups, and remember consecutives happen very often in roulette with just a 48% bias, and that is why the martingale strategy always fails. so wont it be much more likely to get consecutive wins like that in forex where u have control...

No even George Soros can achieve this. Only adjustment and retracement is enough to wipe the account, even if the setup is strong and would finally follow the direction
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 12.0%
  • #103
  • May 7, 2018 5:11pm May 7, 2018 5:11pm
Quoting 9jatrader
{quote} No even George Soros can achieve this. Only adjustment and retracement is enough to wipe the account, even if the setup is strong and would finally follow the direction
The challenge is good to a certain extent with modification of course...room for a loss. After while there is no need to compound anymore too.
R:R "Percentage Focus"
  • #104
  • May 7, 2018 5:56pm May 7, 2018 5:56pm
Quoting 9jatrader
{quote} No even George Soros can achieve this. Only adjustment and retracement is enough to wipe the account, even if the setup is strong and would finally follow the direction
sooo you think its truly impossible?!?! no way in hell no matter what it just can NOT be done?? ever??

=)
  • #105
  • May 7, 2018 9:47pm May 7, 2018 9:47pm
That means you have to win 13 times in a row. Which, from 13 out of 13 tries, 12 of 13 it will not reach 13 times winning in a row.
  • #106
  • May 8, 2018 2:39am May 8, 2018 2:39am
If this concept is impossible then why is it that the martingale strategy always fails eventually
  • #107
  • May 8, 2018 10:12am May 8, 2018 10:12am
It's unbelievable. Of course, in theory everything is real. You may become a millionaire in 20 trades but when you touch with practice then something goes wrong...
  • #108
  • May 8, 2018 10:18am May 8, 2018 10:18am
Stop trying to get rich quickly, it cannot be done.
It takes years just to acquire any skill, trading is no different and after acquiring the skill you don' t make a million in a year. It takes another years to enjoy the fruit of that skill. One thing people don't understand and it took me a long time to get is that compounding small growth rates consisently outperforms higher growth rates that are volatile.
When you see it, BET big.
  • #109
  • May 8, 2018 10:22am May 8, 2018 10:22am
Sounds counterintuitive but the math works. The reason being that the trick of investing is addiction. My rule is simple if I m down a month I consider that a big failure. I don' care about the upside, the goal is to not lose money on any given month. Cheers.
When you see it, BET big.
  • #110
  • May 8, 2018 9:16pm May 8, 2018 9:16pm
Quoting Rennaissance
Sounds counterintuitive but the math works. The reason being that the trick of investing is addiction. My rule is simple if I m down a month I consider that a big failure. I don' care about the upside, the goal is to not lose money on any given month. Cheers.
Hit Take profit and you wont lose money =)

find a true unbalance, the moment where the price WILL move in 1 direction and close the trade in profit, stop aiming for a 1 to 342342342 Risk/return to cover a shitty strategy and you will be on the right track
  • #111
  • May 9, 2018 7:28am May 9, 2018 7:28am
Quoting vishaal84
Who can achieve 13 consecutive winning trades with a risk reward ratio of 1:1. risking the entire amount and therefore doubling equity. is it possible? any1 up for the challenge? risk will always remain just $10 I have seen 16 consecutive reds in roulette so wats the chances of picking the very high probability trade setups, and remember consecutives happen very often in roulette with just a 48% bias, and that is why the martingale strategy always fails. so wont it be much more likely to get consecutive wins like that in forex where u have control...
This can be achieved by luck and BY chance.But we have to see the probabilty of occuring such type of event.

Now lets get into some real life statictics.To go from 10$ to 80000$ in 13 trades.

This thing breaks down to getting 13 wins in a row.Now consider this scenario for example heads a winner and tails as a losser.
Considering your risk to reward is 1 to 1.And you double your money if you win in that particular trade until you reach your 80000$

10$[this is when you start] 20,40,80,160,320,640,1280,2560,5120,10240,20480,40960,81920.

So even if you lost one trade in between you will be back to zero once again.
So according to this stats the probability of such an event happening by chance is [1 in 8000 times.]

However if some skill is applied while doing this than this might change the scenario completely.
No one ever Discovered anything new by colouring inside the lines.
  • #112
  • May 9, 2018 7:36am May 9, 2018 7:36am
Quoting Hdhorda4
{quote} This can be achieved by luck and BY chance.But we have to see the probabilty of occuring such type of event. Now lets get into some real life statictics.To go from 10$ to 80000$ in 13 trades. This thing breaks down to getting 13 wins in a row.Now consider this scenario for example heads a winner and tails as a losser. Considering your risk to reward is 1 to 1.And you double your money if you win in that particular trade until you reach your 80000$ 10$[this is when you start] 20,40,80,160,320,640,1280,2560,5120,10240,20480,40960,81920....
Yes. If to double the account with every winning, but lose it all every time you lose, the chance is, for 2 chances, 1/4 (lose-win, win-lose,lose-lose, win-win), then it is 1 / (2^chance).

Considering you want to win 13 times, then the chance is 1 / (2^13) = 1/8192.
  • #113
  • May 9, 2018 7:44am May 9, 2018 7:44am
Quoting andrern2000
{quote} Yes. If to double the account with every winning, but lose it all every time you lose, the chance is, for 2 chances, 1/4 (lose-win, win-lose,lose-lose, win-win), then it is 1 / (2^chance). Considering you want to win 13 times, then the chance is 1 / (2^13) = 1/8192.
Yes thats right the precise number is [8192 in 1] 8000 was just a rounded of number i said.
Now lets further calculate this thing,
If you lose 8192 times[8192 × 10 = 81920$] and win ONE TIME 81920$ you are back to zero.

But Like i said if someone had a slight edge than this can change completely.
No one ever Discovered anything new by colouring inside the lines.
  • #114
  • May 9, 2018 9:04am May 9, 2018 9:04am
Quoting Hdhorda4
{quote} Yes thats right the precise number is [8192 in 1] 8000 was just a rounded of number i said. Now lets further calculate this thing, If you lose 8192 times[8192 × 10 = 81920$] and win ONE TIME 81920$ you are back to zero. But Like i said if someone had a slight edge than this can change completely.
How much of a slight edge do you need to put confidently 13 winning trades in a row ?
  • #115
  • May 9, 2018 9:13am May 9, 2018 9:13am
I think if you look at it with a 'slight edge' perspective than instead of 8192/1 scenario with a 3 to 7 percent edge it might come down to 7600/1 or even 7000/1 .
meaning you win 81920$ while losing 70000$ [your profit would be 11920$ considering you have an edge of atleast around of 5percent] on an average everytime minus the spread.
No one ever Discovered anything new by colouring inside the lines.
  • #116
  • May 9, 2018 3:30pm May 9, 2018 3:30pm
Theorical numbers guys are funny =)
  • #117
  • May 9, 2018 11:14pm May 9, 2018 11:14pm
Quoting havo
Theorical numbers guys are funny =)
Yes they are indeed funny unless the theory starts to work in practice and in actual application.
No one ever Discovered anything new by colouring inside the lines.
  • #118
  • May 9, 2018 11:40pm May 9, 2018 11:40pm
I had 21 consecutive loosers a few years back..hope this helps..
  • #119
  • May 10, 2018 1:02am May 10, 2018 1:02am
this is r2r model pretty much (rags to riches)
u can do fine with 10%-25% risk as well
and just keep growing on daily basis
take only solid TA setups
  • #120
  • May 10, 2018 4:43am May 10, 2018 4:43am
Quoting redoktober
{quote} Here is the spreadsheet : {image}
Hello Red, I am curious. Do you trade divergences? If you took up this challenge am I right in my assumption that you would aim to achieve this feat using divergences? Hope to hear from you.
Fred
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