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$99 to $100,000 is it possible?

  • #101
  • Dec 3, 2019 6:40am Dec 3, 2019 6:40am
Bad days is a good experience for the next day.

In previous month I was closing trades like this too soon, but at this time I've made a conclusion to hold this trades for a little bit longer and market rewarded me with a profit of 729$ or with a risk reward ratio of almost 1:3.

For now I have 1.286$ on my account starting from 99$. Video of this trade you can see lower.

Inserted Video
  • #102
  • Dec 3, 2019 8:39pm Dec 3, 2019 8:39pm
Nice, i lost my account and i have 90$ ).
khtodod
  • #103
  • Dec 3, 2019 8:47pm Dec 3, 2019 8:47pm
How to turn back to 1000 from 90?. I watched your videos. You trade with big lots with price action i think. But i tried and failed...
khtodod
  • #104
  • Dec 4, 2019 1:27am Dec 4, 2019 1:27am
All what you need is 2/3 winrate with 1:2 RR.

SP
  • #105
  • Dec 4, 2019 4:08am Dec 4, 2019 4:08am
Quoting khtodod
How to turn back to 1000 from 90?. I watched your videos. You trade with big lots with price action i think. But i tried and failed...
1. Try to find something on the chart, any pattern or something else, I like to trade Fakey, but from the charts I learnt that this pattern have 7 variations, I trade only two of them. Still explore other 5 variations, there is no any information on the web about it. But you can choose any chart pattern.

2. Risk 50% of current account with risk reward ration of 1:2 on profitable trades you will get 100%

3. After 4 profitable trades starting from 90$ you will get 1.440$ (It's only 1 trade a week, and you can achieve it in a month)

P.S it's simple only from the first look, for me it's difficult because of poor emotional control and you can see everything in my videos, but it's experience, just try and don't give up. For now I have 1.286$ on my account, but tomorrow I can have 0 account. If you lose you learn something, if you win you learn nothing just reward for good work.
  • #106
  • Dec 4, 2019 5:45pm Dec 4, 2019 5:45pm
Thank you
khtodod
  • #107
  • Dec 4, 2019 9:41pm Dec 4, 2019 9:41pm
Maybe you can transver $100 from your wins to another account to support your emotions. If everything goes wrong, you can restart with the $100 without fresh money.
  • #108
  • Dec 5, 2019 5:54pm Dec 5, 2019 5:54pm
Quoting kofix11
Maybe you can transver $100 from your wins to another account to support your emotions. If everything goes wrong, you can restart with the $100 without fresh money.
I was thinking about it, and I decided that I will start one more account only with two types of signals and will be closely watching what will happen if I will be trading totaly without any emotions. It will take some time to achieve my target because this types of signals appear on charts once a month, but it will be ineresting journey.
  • #109
  • Dec 5, 2019 6:14pm Dec 5, 2019 6:14pm
GREED!!!!!!

Yep! Today I had it in my trading, but overall I could take my emotions under controll and closed trades with 135$ loss.

What has happened?

I opened a trade (it still running), price went against my direction and I've made a decision to open one more position but on EUR/USD, this trade also went against me and I opened one more trade at the same pair with the same lot size. I think that you guess what will happen next. This trade also went against me. After few hours I understood that If all three trades will hit my stop my accound will be 250$. So, I took my emotions under control and close this two last trades with a little loss.

But, you know what...?

It's so interesting to see how my brain under emotions cheat with me, that I found reasons of why I should open this trades even though I don't have them in my trading plan, but I thought that it's good reason to open them just because I'am going to use my money management rules. There is nothing common with future price direction and my money management. You will hear everything in my video after I close my first trade, still don't know if it would be profit or loss.

For now I have 1.158$ on my account.

Lesson of this week: don't be greedy!!!!
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  • #110
  • Dec 5, 2019 6:34pm Dec 5, 2019 6:34pm
i accepted your challenge
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #111
  • Dec 6, 2019 3:26am Dec 6, 2019 3:26am
Quoting M.Fadly
i accepted your challenge {image}
Hi, M.Fadly!

Good luck on your journey, but could you start your thread with description of how are you going to do this (money management).
And not to make a competition in trading journal.
  • #112
  • Dec 6, 2019 4:45pm Dec 6, 2019 4:45pm
One more profitable trade, it was emotional one, because I was holding it for 3 days, and almost all three days it has a negative result.
But today, price went in my direction and I could close it with a profit of +522$.

But, beacuse of my mistake with EUR/USD I got a loss of -135$. But it's just a price for this lesson.

P.S. sorry for the long video, I was trying to record all stages of this trade including part with trading on EUR/USD.

For now my account is 1.669$, also I had spread compensation and got additional 33$ but I decided to withdraw it.

Inserted Video
  • #113
  • Dec 7, 2019 3:48am Dec 7, 2019 3:48am
Results of this week.

Starting from 565$, for now I have 1.669$, additional profit of +1.104$

This challenge was started from 99$, so, for now I have a positive result of +1.570%

But everything in this challenge is relative, because my risk on each trade is 50%, so I could lose this money pretty fast. Still I have a lot of different mistakes in my trading, thanks for a member of this forum Jgadefelth, he noticed that I can hold my trades longer and will get a better results. Just only with this knowledge I could get additional 450$ on GBP/USD and close my EUR/JPY trade with profit of 522$.

Also, I've noticed that almost in all my trades I have a correction, and this helped me to eneter at better price on EUR/JPY, but if I was doing it in the beginning of this challenge, I could already get more than 10.000$. But as I see, not all my trades have a correction, so I have some work to do.

In total, I'am getting huge portions of priceless experience that on the long distance can make a decent amount of money.
  • #114
  • Dec 7, 2019 3:46pm Dec 7, 2019 3:46pm
Hi PandaTradeFX)!

good trading! We all with you)! I hope you will achieve your goals)!

Can you share your method (of course if you wish doing that) It will very helpfull for all, for me). I have same plan like your)!
Best regards).
Like your wife says, hold the fucking position until I tell you I'm done.
  • #115
  • Dec 7, 2019 3:48pm Dec 7, 2019 3:48pm
Quoting vowan4ik
{quote} Hi all) please say me, which book are you talking about? Can you share that book with me? Best regards
Mark douglas trading in the zone

Best regards
  • #116
  • Dec 8, 2019 4:34am Dec 8, 2019 4:34am
Quoting vowan4ik
Hi PandaTradeFX)! good trading! We all with you)! I hope you will achieve your goals)! Can you share your method (of course if you wish doing that) It will very helpfull for all, for me). I have same plan like your)! Best regards).
Hi, As I've already said I will share important moments about my trading method only after I could achieve my target, I will show a lot of different ways of looking at the market, but not now.
If I could achieve my first target 99$ - 13.000$ I will start posting educational videos, but when or if I could make a way of 99$ - 100.000$ I will buy myself AMG GTS (just a joke ) I will show a lot more different stuff.

I don't want to teach someone untill I could prove that I know how to trade. But for now, I'am still getting my experience, and maybe I'am just lucky.
  • #117
  • Edited Dec 9, 2019 3:10am Dec 8, 2019 4:15pm | Edited Dec 9, 2019 3:10am
Announcement!

For now I have 1.669$ on my account and 33$ of spread compensation. I'am going to transfer 167$ to another account also add 33$ of spread compensation and try to trade on lower timeframe, because it seems for me that I have found another interesting way of trading. But maybe, it's good only in theory, and on practice it will be a losing one, but I want to give it a chance.

Maybe, It would be difficult to record video on lower timeframe, but I will try. And not to start a new thread with the method I'am not sure about, I will post my trades here with the mark <Second Account>

Rules of money management will be almost the same:

1. Risk for each trade 50%.
2. Minimal target of 1:2 risk reward.
3. If something goes wrong, I'am closing trade manually.
4. First target is 10.000$
5. Starting account 200$

If I'll lose money on this account, I wouldn't continue to trade in this way. In my opinion, I will lose it pretty fast, but I really need to give it a chance.
The way of trading will differ from main account.

Important moment, if it would be emotionally difficult for me to manage 2 accounts because of fast trades, I will close this <second account>

Best regards.
  • #118
  • Dec 9, 2019 3:24am Dec 9, 2019 3:24am
Quoting PandaTradeFx
Announcement! For now I have 1.669$ on my account and 33$ of spread compensation. I'am going to transfer 167$ to another account also add 33$ of spread compensation and try to trade on lower timeframe, because it seems for me that I have found another interesting way of trading. But maybe, it's good only in theory, and on practice it will be a losing one, but I want to give it a chance. Maybe, It would be difficult to record video on lower timeframe, but I will try. And not to start a new thread with the method I'am not sure about, I will post my...
So, it was type of challenge that didn't even had a start. The first and the main problem is that I placed pending orders on lower timeframe, price touched them, but broker couldn't activate them because of big lot size. And because of small stop-losses that I have on lower timeframe, I will always be getting in this type of situations. Or I need to find a broker with 1:1000 leverage.

Sad story, but I will continue to post videos from the first account, also, as I have already said, I made withdrawal from main account, and for now I have free 200$, it's two additional attempts to restart this challenge
  • #119
  • Dec 9, 2019 3:27pm Dec 9, 2019 3:27pm
For today I had two trades on GBP/USD, and they was closed with total profit of 60$.

As you already know, I made a withdrawal of 167$ from main account, also I had a spread compensation of 33$, so I will leave them on "Safe account"

Safe account - is amount of money that I don't use in my trades just to have a possibility to start my challenge again if I fail on the main account.

Total numbers are:

Trading account: 1.562$
Safe account: 200$ (sometimes I will add money here from trading account)

I didn't make a video record of this two trades, but I will show the in account history in the next video. The was closed with stop-loss, and results was -12$ and +72$

This trades you can see on screenshot
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  • #120
  • Dec 9, 2019 3:35pm Dec 9, 2019 3:35pm
Quoting PandaTradeFx
{quote} So, it was type of challenge that didn't even had a start. The first and the main problem is that I placed pending orders on lower timeframe, price touched them, but broker couldn't activate them because of big lot size. And because of small stop-losses that I have on lower timeframe, I will always be getting in this type of situations. Or I need to find a broker with 1:1000 leverage. Sad story, but I will continue to post videos from the first account, also, as I have already said, I made withdrawal from main account, and for now I have...
Your broker allows you to trade with such leverage. I have the same broker. Change your leverage in the setting account
Like your wife says, hold the fucking position until I tell you I'm done.
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