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Attachments: $99 to $100,000 is it possible?
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$99 to $100,000 is it possible?

Quoting PandaTradeFx
Total results for this week you can see in the video below, in one word - FAIL. For now I have Trading account: 174$ Safe account: 45$ (will transfer this amount to my trading account) Also I had a positive trade on Friday, I will post it tomorrow. Starting this challenge with 99$ I'am still in profit with a big bag of experience. https://youtu.be/pR5glKvrx74
Do you have a plan how to move on frim here ?

Can you start again and not doing the same mistakes ?

Best regards
Quoting jgadefelth
{quote} Do you have a plan how to move on frim here ? Can you start again and not doing the same mistakes ? Best regards
As I was saying on the first pages of this thread, I will try to do this until I will achieve my target, and in some way I was ready for a loss of account.
I wrote strict rules for my trading, so for now need to find some discipline to follow them, but my experience will help me to do this.

I'am going to close my terminal each time when I have an opened order, and I will check my trades only on NY close.
Quoting PandaTradeFx
{quote} As I was saying on the first pages of this thread, I will try to do this until I will achieve my target, and in some way I was ready for a loss of account. I wrote strict rules for my trading, so for now need to find some discipline to follow them, but my experience will help me to do this. I'am going to close my terminal each time when I have an opened order, and I will check my trades only on NY close.
Sounds good when will you start again ?

Best regards
Quoting jgadefelth
{quote} Sounds good when will you start again ? Best regards
From coming week. I've lost some confidence, but to built it again I need to start opening a trades to understand that everything works as usual.
Quoting PandaTradeFx
{quote} From coming week. I've lost some confidence, but to built it again I need to start opening a trades to understand that everything works as usual.
Well you took 99 to over 2000 i rhink thats good and should give you confidence. And you know what is whrong all you need to do is control your emotuons

Looking forward to see you start again

Best regards
Quoting PandaTradeFx
{quote} From coming week.
Next two weeks are not good for trading because of low volatility.
Be careful!
Quoting SuperPip
{quote} Next two weeks are not good for trading because of low volatility. Be careful!
I know it, thanks, but if I will get a signal, I will trade it.
This is my Friday trade, for now I'am trying to built my account and confidence again.

Inserted Video
Quoting PandaTradeFx
This is my Friday trade, for now I'am trying to built my account and confidence again. https://youtu.be/TaF-UyxFusE
Yes just get in the game again

Best regards
The game rule should have some alternate strategy to safeguard the account balance and drawdown % needs to be on check. I understand, for this kind of high Risk/Return safeguarding elements are intentionally ignored but still as I can see the trades taken are good so a few cautionary elements will be good.

1) Record the time generally takes to get your desired profit for the instrument
2) Record the time generally takes to get the trade into right direction for the instrument - means 5 minutes to get into Spread+ Profit of 2 pips etc.
3) Divide the stake amount to 3 portions - instead of going with 100% lets have A) 1/3rd to test the water (immediate after the usual signal)-- B) if condition 2 satisfies Put another 2/3rd -- C) if condition 2 and condition 1 both satisfies then put rest 1/3rd

Atleast- this way you will have more control on the wild horse you are riding!
Quoting PandaTradeFx
As I can see, I don't have emotional control over myself, so, I've lost almost evrything with revenge trades, trying to get more profit and etc. Soon will post a video. Seems like I need to start everything from the beginning.
May be the attached PDF can help you.
Attached File(s)
File Type: pdf The Secrets to Emotion Free Trading.pdf   484 KB | 157 downloads
Quoting rekon67
The game rule should have some alternate strategy to safeguard the account balance and drawdown % needs to be on check. I understand, for this kind of high Risk/Return safeguarding elements are intentionally ignored but still as I can see the trades taken are good so a few cautionary elements will be good. 1) Record the time generally takes to get your desired profit for the instrument 2) Record the time generally takes to get the trade into right direction for the instrument - means 5 minutes to get into Spread+ Profit of 2 pips etc. 3) Divide...
Thanks for advice, but I can't follow this points.

For now I have a simple plan:

1. Wait till price hit my Stop-Loss or Take-Profit (it can take a week because for now I'am trading only daily timeframe).
2. I'am closing my trade before weekends with any result.
3. If I see a potential for strong move in my direction, I wouldn't place take-profit target just to get a better risk reward ratio (but according to my current money management rules risk reward ratio means nothing)
4. I will stop agressive trading when I will get 25.000$ on my account. At this point I will ork on my risk reaward ratio to be profitable even with a 50% win rate.
Quoting SuperPip
{quote} May be the attached PDF can help you. {image}
Thank you!=)
Quoting PandaTradeFx
{quote} Thanks for advice, but I can't follow this points. For now I have a simple plan: 1. Wait till price hit my Stop-Loss or Take-Profit (it can take a week because for now I'am trading only daily timeframe). 2. I'am closing my trade before weekends with any result. 3. If I see a potential for strong move in my direction, I wouldn't place take-profit target just to get a better risk reward ratio (but according to my current money management rules risk reward ratio means nothing) 4. I will stop agressive trading when I will get 25.000$ on my account....

Sounds good

Wishing you all Happy Hoidays, Merry Christmas and Happy New Year! See you next year!
The last trade of this year was closed!!!

So, I hope that you enjoy this journey with me, I wish the best of luck for all members of Forex Factory.

And I really believe that in the next year, we will see 100.000$ on my account!

Happy NEW YEAR!!!

Inserted Video
Quoting PandaTradeFx
The last trade of this year was closed!!! So, I hope that you enjoy this journey with me, I wish the best of luck for all members of Forex Factory. And I really believe that in the next year, we will see 100.000$ on my account! Happy NEW YEAR!!! https://youtu.be/TgmPIXvqKUw

That is thefightibg spirit we want ti see good we follow you there.

Best regards
Do I think that it is possible.. Yes with a explanation, 99 to XXXXXXXXXXX. I believe over enough time, maybe 200 years I believe you can pull those returns off.

15% compounded, (I'm not doing the math) but it will take you many many years.

Heck, just trying to double your account is a challenge. Warren Buffet was getting 20% per yearly average. If you are able to double your account like that, then all the rich people in the world would be throwing all their money at you.

Is it possible, yes, doable probably not. Not unless you would have to be a 1 in a 100 billion trader..

Or you could take 99 dollars and buy that many scratch offs and you would probably do better than trying to trade that money.

But what do I know.. Im just an idiot talking on the internet.
Quoting Nolo
Do I think that it is possible.. Yes with a explanation, 99 to XXXXXXXXXXX. I believe over enough time, maybe 200 years I believe you can pull those returns off. 15% compounded, (I'm not doing the math) but it will take you many many years. Heck, just trying to double your account is a challenge. Warren Buffet was getting 20% per yearly average. If you are able to double your account like that, then all the rich people in the world would be throwing all their money at you. Is it possible, yes, doable probably not. Not unless you would have to be...
What is rhe point of your post ? Try to tell him it is inposdible ? Stop him from trying ? He stsrts with 99 dollar he have taken that 99 dollar to 2000 dollar in a short period before. I dont see the relavance here to co.pare to warren buffet that have more money the 99 dollar to invest and doi g so in stocks with no leverage. So sorry i feally dont see the value of your post here or relevance.

Best regards
Quoting Nolo
Do I think that it is possible.. Yes with a explanation, 99 to XXXXXXXXXXX. I believe over enough time, maybe 200 years I believe you can pull those returns off. 15% compounded, (I'm not doing the math) but it will take you many many years. Heck, just trying to double your account is a challenge. Warren Buffet was getting 20% per yearly average. If you are able to double your account like that, then all the rich people in the world would be throwing all their money at you. Is it possible, yes, doable probably not. Not unless you would have to be...
Hi!

If you watch all my videos, you will see that I made 99$-3.000$ (trading account + safe account) in 1,5 month, but lost almost everything just because it's difficult for me to control my emotions, but I'am working on it.

It's a big topic to discuss, and you have your own opinion, and I have mine, and for now nobody is right or wrong until we get final results=)
Quoting PandaTradeFx
{quote} Hi! If you watch all my videos, you will see that I made 99$-3.000$ (trading account + safe account) in 1,5 month, but lost almost everything just because it's difficult for me to control my emotions, but I'am working on it. It's a big topic to discuss, and you have your own opinion, and I have mine, and for now nobody is right or wrong until we get final results=)
As long as you will try your chance is to achieve your result - please keep trying and let us share in your inspiration.
Wishing you lot of success in the coming years. Thanks!
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