Rick Sanchez is trying to turn $50 into $50,000 in 10 trades | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

You only need 10 trades to turn 1.000 to 1.000.000... 9 replies

$100,000 from $5,000 using 10 lot trades in EURUSD 11 replies

Rick Sanchez lab... 4 replies

Rick Sanchez market theory 7 replies

Are you still trying to win? Live trades for 2014 0 replies

Attachments: Rick Sanchez is trying to turn $50 into $50,000 in 10 trades
Exit Attachments

Rick Sanchez is trying to turn $50 into $50,000 in 10 trades

  • Poll

  • At what stage will the score be blown?
  •  
  •  
  •  
  •  
  •  
  •  
  • #1
  • First Post: Edited 1:37pm Aug 8, 2018 1:03pm | Edited 1:37pm
Hi all, a few days ago I came across the idea of Rag2RichesFX to get rich quickly in the shortest amount of trades. (I've had such ideas before.) I've been reading the disputes over the past few days and I decided to try it with 50$.

The task is to make 10 deals, each of which multiplies the score.

1. 50-100
2. 100-200
3. 200-400
4. 400-800
5. 800-1600
6. 1600-3200
7. 3200-6400
8. 6400-12800
9. 12800 - 25600
10. 25600 - 51200

How I'm going to try to do it. I will trade as usual 3-5 times a month (Trade with a potential profit of 200+ pips, so that the safety margin was also 200+), but for this I will use only the best in my opinion. According to my calculations, it will take me a few months, but I think I will have time for the New year, if only at one stage the account will not explode.

p.s. I do not advertise a broker, do not teach how to trade, do not share ideas.
Excuse me, my English is very bad...
  • #2
  • Aug 8, 2018 1:48pm Aug 8, 2018 1:48pm
I voted 3-5... but im pulling for ya to do it.

Good Luck
Master your Mind,,,Master the Market
  • #3
  • Aug 8, 2018 1:53pm Aug 8, 2018 1:53pm
Good luck sir. Although i don't believe you will even hit 100% profir before you margin call.
Judge me based on % return
  • #4
  • Aug 8, 2018 2:09pm Aug 8, 2018 2:09pm
You will get your target. ..... in 2050
  • #5
  • Aug 8, 2018 4:24pm Aug 8, 2018 4:24pm
Attached Image
Toxic Flow for FX Brokers.
  • #6
  • Aug 10, 2018 2:43am Aug 10, 2018 2:43am
All right, the show's starting. I opened the first trade, GU Long TP 1.305 SL = boom . It will be an epic failure if it is blown up in 1 stage
Excuse me, my English is very bad...
  • #7
  • Aug 10, 2018 3:03am Aug 10, 2018 3:03am
Quoting RickSanchez
Hi all, a few days ago I came across the idea of Rag2RichesFX to get rich quickly in the shortest amount of trades. (I've had such ideas before.) I've been reading the disputes over the past few days and I decided to try it with 50$. The task is to make 10 deals, each of which multiplies the score. 1. 50-100 2. 100-200 3. 200-400 4. 400-800 5. 800-1600 6. 1600-3200 7. 3200-6400 8. 6400-12800 9. 12800 - 25600 10. 25600 - 51200 How I'm going to try to do it. I will trade as usual 3-5 times a month (Trade with a potential profit of 200+ pips, so that...
Go for it bud, it can be done. i wouldn't use RAGS TO Riches as an example.
What about the new margin rules??????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8
  • Aug 10, 2018 3:06am Aug 10, 2018 3:06am
Quoting billytt
{quote} Go for it bud, it can be done. i wouldn't use RAGS TO Riches as an example. What about the new margin rules??????
It's just for fun... Interesting experience.
Perhaps you mean Tickmill leverage. The thing is that it is Tickmill Seychelles, they allow up to 1:500
Excuse me, my English is very bad...
  • #9
  • Aug 10, 2018 3:13am Aug 10, 2018 3:13am
Quoting RickSanchez
{quote} It's just for fun... Interesting experience. Perhaps you mean Tickmill leverage. The thing is that it is Tickmill Seychelles, they allow up to 1:500
ok, i never used leverage but did compound upto 10 times and did it 3 times.
trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10
  • Aug 11, 2018 12:03pm Aug 11, 2018 12:03pm
I voted the obvious... Mr. Rich
Staying in my lane...
  • #11
  • Aug 11, 2018 1:43pm Aug 11, 2018 1:43pm
Quoting VEEFX
I voted the obvious... Mr. Rich
Well, I have nothing to say, it's funny... Just a quick question, why do you think it's so obvious? If you've been watching a cartoon, that explains everything...
Excuse me, my English is very bad...
  • #12
  • Aug 11, 2018 7:58pm Aug 11, 2018 7:58pm
Quoting RickSanchez
{quote} Well, I have nothing to say, it's funny... Just a quick question, why do you think it's so obvious? If you've been watching a cartoon, that explains everything...
Because you believe in yourself and who am I to vote on your abilities. Asking idiots will only have a negative effect on your performance. Are you doing this for others or yourself? Anyways, please continue. What others think or judge does not matter in life
Staying in my lane...
  • #13
  • Aug 11, 2018 9:54pm Aug 11, 2018 9:54pm
Sure my wife brother in law uncle maternal step son daughter in law once struck lottery three times in a year. Amazing good fortune and the odds and rewards may be slightly better than yours becos her initial risk was just a measly $5/- and she struck millions. You may want to reconsider your option.

Hehe
  • #14
  • Edited Aug 12, 2018 1:25am Aug 11, 2018 10:11pm | Edited Aug 12, 2018 1:25am
Quoting genghistar
Sure my wife brother in law uncle maternal step son daughter in law once struck lottery three times in a year. Amazing good fortune and the odds and rewards may be slightly better than yours becos her initial risk was just a measly $5/- and she struck millions. You may want to reconsider your option. Hehe
Incredible luck but I think it's easier to make 10 trades than win the lottery, as you said... The difference is that in trading you can increase the chances of success. The lottery is only a matter of chance if you do not buy tickets in batches of course
Excuse me, my English is very bad...
  • #15
  • Aug 12, 2018 7:47pm Aug 12, 2018 7:47pm
Quoting RickSanchez
{quote} Incredible luck but I think it's easier to make 10 trades than win the lottery, as you said... The difference is that in trading you can increase the chances of success. The lottery is only a matter of chance if you do not buy tickets in batches of course
You think so it's easy or even possible to compound 10 consecutive trades from 50/ - 50,000/ with the spreads and latest leverage limit. Go work your numbers again.

Hehe
  • #16
  • Aug 20, 2018 2:05am Aug 20, 2018 2:05am
Quoting RickSanchez
All right, the show's starting. I opened the first trade, GU Long TP 1.305 SL = boom . It will be an epic failure if it is blown up in 1 stage
It appears you narrowly escaped a margin call last week. But price has been moving steadily upward ever since. The game is still afoot . . .

Attached Image (click to enlarge)
Click to Enlarge Name: EU_H1.JPG Size: 64 KB
  • #17
  • Edited 3:53am Aug 20, 2018 3:42am | Edited 3:53am
Quoting Pips_Cruiser
{quote} It appears you narrowly escaped a margin call last week. But price has been moving steadily upward ever since. The game is still afoot . . . {image}
Well, the margin of safety is 250, about 1.253 to get a margin call. Yes, game continues =)
I thought about it, I think that at some step I will choose the right direction, but my entry will be too early and will give a drawdown that can lead to boom...
Excuse me, my English is very bad...
  • #18
  • Aug 21, 2018 10:53am Aug 21, 2018 10:53am
Quoting RickSanchez
{quote} Well, the margin of safety is 250, about 1.253 to get a margin call. Yes, game continues =) I thought about it, I think that at some step I will choose the right direction, but my entry will be too early and will give a drawdown that can lead to boom...
Okay, thanks for the info. Looks like you're currently doing okay. Four bullish days in a row now, and back in positive territory. Nice to see you're still alive.

Attached Image (click to enlarge)
Click to Enlarge Name: EU_D1.JPG Size: 57 KB
  • #19
  • Aug 22, 2018 6:56pm Aug 22, 2018 6:56pm
Lookin' good.

Attached Image (click to enlarge)
Click to Enlarge Name: EU2_D1.JPG Size: 55 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EU_D1.JPG Size: 53 KB
  • #20
  • Edited 10:15am Aug 29, 2018 9:47am | Edited 10:15am
1st step done...

I close GU. This is not quite 100% of the first point, but on the next trade I will try to get more than 100%, thus returning to plan in $200 . Now sell EURAUD tp - open, sl = boom...
Excuse me, my English is very bad...
0 traders viewing now