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$1000 to $1,000,000,000 in 4 years

  • #101
  • Feb 7, 2011 7:45pm Feb 7, 2011 7:45pm
Quoting perroloco
I have read the all the posts on this thread, I think the approach of this thread is theoretically possible, and could work in real life too.
BUT!! At some point I think brokers will refuse to give leverage.. Or are there brokers willing to offer leverage with accounts that big??
Anyway good luck
Multiple accounts and multiple brokers via Trade Copier.
High leverage isn't needed. 50:1 is sufficient.
  • #102
  • Feb 8, 2011 12:46am Feb 8, 2011 12:46am
Quoting Ipndasno
I've been profitable for 160+ days consistently, but two technical errors has taken a 218% bite out of my risk capital.

On Dec 13th, lost 115% - was at a 92% gain = -23% from the starting of NOVEMBER

On Jan 13th, lost 103% - was at a 38% gain = -65% from the starting of NOVEMBER

Currently at 28% gain from Jan13th == -37% from the starting of NOVEMBER ;-(

Prevention:
30% Stopout in place with Broker
Emergency Stoploss on all trades submitted to broker

The journey continues...20 pips a day +/-
You realize there is a pattern here....Good thing February 13th is a Sunday.
On the serious side, as I said before I am following a 30 pips/day diet with a 2.5% risk/profit for those 30 pips (used to be 3% which I reduced as my account grew larger). I have noticed that due to the consistency of profitability I am prone to relax my SL sometimes feeling like I-can't-loose trader. If you do that then you become hostage of that one trade that can take a big bite of your account as it keeps going against you. So, I learned to put a very strict rule in myself: If my loss reaches for some reason 50 pips I will close all trades and stop for the day. I haven't used this rule yet since my SLs are below 20pips but it feels good to know that I can't screw-up anymore.....
  • #103
  • Feb 8, 2011 1:58am Feb 8, 2011 1:58am
Quoting Ipndasno
Multiple accounts and multiple brokers via Trade Copier.
High leverage isn't needed. 50:1 is sufficient.
lol, some traders would say 50:1 leverage is 50 times too much!!!
this pig cannot be slaughtered for ever... or can it?
  • #104
  • Feb 8, 2011 11:02am Feb 8, 2011 11:02am
Quoting kostas1
You realize there is a pattern here....Good thing February 13th is a Sunday.
On the serious side, as I said before I am following a 30 pips/day diet with a 2.5% risk/profit for those 30 pips (used to be 3% which I reduced as my account grew larger). I have noticed that due to the consistency of profitability I am prone to relax my SL sometimes feeling like I-can't-loose trader. If you do that then you become hostage of that one trade that can take a big bite of your account as it keeps going against you. So, I learned to put a very strict rule...
Yes, the pattern worried me too. I'll already included a " NO TRADING on 13th" on my WHITE BOARD.

I agree with the 20 Pip or less stoploss and emergency 50 SL and quit trading for the day.

With any consistent strategy, we will always make money in the long run, but cutting those bad trading days to a small chunk is the only way to ensure stability.

I'm glad your following your 2% risk reward system. And, reducing risk as your account grows is very smart, as most compound as their accounts grow ( So when you do take a loss, the Loss is actually magnified from compounding. This is something that I've always criticized a few years back, but now compounding is suitable for any consistent strategy.)
  • #105
  • Oct 18, 2018 7:54am Oct 18, 2018 7:54am
8 YEARS AFTER THIS THREAD WAS STARTED. I'M WONDERING IF ANYONE EVER GOT TO DO THIS IN REAL LIFE.
ANYONE???

P.S : I'M NOT TRYING TO BE SARCASTIC, GOOGLE SEARCH ACTUALLY BROUGHT ME HERE(for a reason).
Turning Potentials into Realities
  • #106
  • Dec 27, 2018 9:21am Dec 27, 2018 9:21am
Quoting dansunny-fx
8 YEARS AFTER THIS THREAD WAS STARTED. I'M WONDERING IF ANYONE EVER GOT TO DO THIS IN REAL LIFE. ANYONE??? P.S : I'M NOT TRYING TO BE SARCASTIC, GOOGLE SEARCH ACTUALLY BROUGHT ME HERE(for a reason).
It’s easy to calculate; but the reality is different! By the way, by trading style doesn’t support think kind of profit. It looks like unrealistic to me.
  • #107
  • Dec 27, 2018 7:03pm Dec 27, 2018 7:03pm
Looks like OP stopped being greedy a quit FF about 2 years after this thread started.
Ipndasno

  1. Status:
  2. Member

  1. Last Online:
  2. Dec 16, 2012

well $ 500,000,000 in 2 years instead of $1,000,000,000 in 4 years would make me happy man

Whether you think you can, or you think you can't,you're right. H.F.
  • #108
  • Dec 31, 2018 9:08am Dec 31, 2018 9:08am
Quoting Simply-Me
Looks like OP stopped being greedy a quit FF about 2 years after this thread started. Ipndasno Status: Member Last Online: Dec 16, 2012 well $ 500,000,000 in 2 years instead of $1,000,000,000 in 4 years would make me happy man
I was checking the exact same thing just now. I guess we'll never know how his trading went.
  • #109
  • Dec 31, 2018 9:52am Dec 31, 2018 9:52am
Quoting mlawson71
{quote} I was checking the exact same thing just now. I guess we'll never know how his trading went.
Yes, but we can guess! Without a realistic strategy & target Forex is always impossible.
  • #110
  • Jan 1, 2019 3:37am Jan 1, 2019 3:37am
Quoting Ipndasno
The Big Picture I wanted to share this information with the new traders, because they often forget about the long term picture and focus on huge gains at day one. You do not need 100 pip swing trades or huge gains everyday. All you need is 20 pips consistently. So, yes some days you may make more and some days you may make less, but it order for you to become a full time trader, you must make 100 pips a week for years to come... This means that you do not need to risk your accounts, by trading news, or market opens. All you need is 1 good trade...
congrat.... you are anti loss trader then
  • #111
  • Jan 5, 2019 8:37am Jan 5, 2019 8:37am
A dream hit by flash crash!!!
  • #112
  • Jan 6, 2019 7:47am Jan 6, 2019 7:47am
The guy stopped coming here back in 2012, I don't think the latest flash crash had an effect.
  • #113
  • Jan 29, 2019 11:51pm Jan 29, 2019 11:51pm
Quoting mlawson71
The guy stopped coming here back in 2012, I don't think the latest flash crash had an effect.
Yes, it is! And I believe these kinds of targets are harmful; in trading traders should focus on the process rather than the returns.
  • #114
  • Jan 30, 2019 10:09am Jan 30, 2019 10:09am
Quoting ZikriIrfan
{quote} Yes, it is! And I believe these kinds of targets are harmful; in trading traders should focus on the process rather than the returns.
I don't think there's anything wrong with having a target in mind, but pursuing that target despite the market not being conductive to your strategy can be harmful indeed.
  • #115
  • Jan 31, 2019 4:56am Jan 31, 2019 4:56am
Quoting mlawson71
{quote} I don't think there's anything wrong with having a target in mind, but pursuing that target despite the market not being conductive to your strategy can be harmful indeed.
It’s true; but a number of traders mixed up & start creating additional metal pressure; as a result huge loses.
  • #116
  • Jan 31, 2019 6:46am Jan 31, 2019 6:46am
Quoting mlawson71
{quote} I don't think there's anything wrong with having a target in mind, but pursuing that target despite the market not being conductive to your strategy can be harmful indeed.
Then is target becomes obsession and trading becomes gambling. Targets should be picked in the way to keep fine balance between reality and dream
  • #117
  • Jan 31, 2019 10:34am Jan 31, 2019 10:34am
Quoting dispersion
{quote} Then is target becomes obsession and trading becomes gambling. Targets should be picked in the way to keep fine balance between reality and dream
I agree. When any part of trading becomes an obsession the trader begins to lose the ability to think objectively about it and incurs losses, unfortunately.
  • #118
  • Mar 12, 2019 5:30am Mar 12, 2019 5:30am
generally we the traders select our trading target according to our knowledge and experience , i have seen our target fall when it not realistic, over target always make us greedy and emotional. so it is more appropriate to ensure practical trading target.
  • #119
  • Apr 16, 2019 6:25am Apr 16, 2019 6:25am
Another simply unreal goal. Where honestly do you get all that info that you can really multiply the money in such manner ? How is it even possible ? Everything for sure, but I think it's too hard with such small start capital and so many pitfalls during the road.
  • #120
  • Apr 16, 2019 11:28am Apr 16, 2019 11:28am
The original poster hasn't shown up in years, I don't think his plan worked in the long term. Or maybe it did and he's enjoying the profits.
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