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$99 to $100,000 is it possible?

  • #201
  • Jan 7, 2020 5:38pm Jan 7, 2020 5:38pm
Quoting PandaTradeFx
Everything went totaly wrong, this account was lost. Need more experience and practice with my emotions. This challenge is closed! Thanks everyone for support! Good luck!
What happen cant you start again ? It is you who deside when it is time to give up. Just rest a few days and start again

Best regards
  • #202
  • Jan 8, 2020 1:14pm Jan 8, 2020 1:14pm
Quoting jgadefelth
{quote} What happen cant you start again ? It is you who deside when it is time to give up. Just rest a few days and start again Best regards
Decided to take a rest. Will start again later, need to do my "homework".

Seems like I need to change almost everything in my life to have a clear mind and discipline made of steel.
Thanks for support!
  • #203
  • Jan 8, 2020 1:21pm Jan 8, 2020 1:21pm
Quoting PandaTradeFx
{quote} Decided to take a rest. Will start again later, need to do my "homework". Seems like I need to change almost everything in my life to have a clear mind and discipline made of steel. Thanks for support!

Do what yiu have to do, whatwver it takes get back in the game so to say maybe in good shape like go to gym or cardio will help offcourse decwnt sleep and food also.

Best regards
  • #204
  • Jan 9, 2020 1:17am Jan 9, 2020 1:17am
Quoting PandaTradeFx
{quote} Decided to take a rest. Will start again later, need to do my "homework". Seems like I need to change almost everything in my life to have a clear mind and discipline made of steel. Thanks for support!
Hi, that is the first sign of learning, recovering, composing ones self.
Step back and evaluate, LEARN ,then get back in as a changed person.
It can be done.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #205
  • Jan 11, 2020 5:09am Jan 11, 2020 5:09am
You did well and you can do it again.

As an entrepreneur and risk taker, I'll first applause you for taking action. You did it once, you got smashed and then what happened? Nothing. You gained experience.

Let me explain in technical terms what happened here.

First, let's keep a sense of proportion and not just look at numbers alone. That GBPUSD trade that went wrong shows two things:
1 - In your trading plan/strategy, you don't have a plan B for when things go wrong.
2 - You held that trade hoping it reverses, and took a major loss.

In a positive note, you did close the trade as it went to break the support. You might have lost that account if you stayed any longer. Good.
On the other hand, you didn't have an emergency plan or an entry strategy to mitigate that loss.

Here is one thing I've learnt from Billyt and Lemercenaire: You should never ever count on only the first trade to reach your daily target or whatever goal you have. Your strategy have to have several layers to at least recover your losses and a little more.

Takeaway:
You did lose that small account but the thing is this experience should be used as a lesson to make the required changes to your strategy as to make it more robust by getting rid of that hope factor. As what happened can be only delayed and not avoided, unless you adjust the strategy.

Good luck my friend
  • #206
  • Jan 13, 2020 3:26am Jan 13, 2020 3:26am
Quoting samuel2133
You did well and you can do it again. As an entrepreneur and risk taker, I'll first applause you for taking action. You did it once, you got smashed and then what happened? Nothing. You gained experience. Let me explain in technical terms what happened here. First, let's keep a sense of proportion and not just look at numbers alone. That GBPUSD trade that went wrong shows two things: 1 - In your trading plan/strategy, you don't have a plan B for when things go wrong. 2 - You held that trade hoping it reverses, and took a major loss. In a positive...
Hi Samuel2, Hope all is well.
Experience as you say cannot ever be beaten .
Every trade I ever take, I expect to lose and like you say I/we have a plan B.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #207
  • Jan 13, 2020 6:08pm Jan 13, 2020 6:08pm
Quoting PandaTradeFx
{quote} Decided to take a rest. Will start again later, need to do my "homework". Seems like I need to change almost everything in my life to have a clear mind and discipline made of steel. Thanks for support!
It is not for me to tell you what to do but after reading several of your posts you were doomed for failure....Back off...You appear to be expecting too much too soon...Fruit trees take time before they bear fruit...Risking 50% is crazy....Perhaps looking at smaller T/Profit with compounding may help.......1-2 years and you could have a nice stake ..Start with a small Bank and if you lose then no real harm done and you just start again.There are many options in cyber space.
Just my thoughts .
R

https://www.forexfactory.com/showthr...9#post12700779
Attached File(s)
File Type: xls CA7A1000.xls   11 KB | 295 downloads
File Type: pdf 20PipMM.pdf   75 KB | 426 downloads
Ronnie Renko
  • #208
  • Jan 13, 2020 6:20pm Jan 13, 2020 6:20pm
S35 Plan on this page.
R

https://www.forexfactory.com/showthr...3#post10540003
Ronnie Renko
  • #209
  • Jan 13, 2020 6:30pm Jan 13, 2020 6:30pm
Another one and you set your own starting bank.
Attached File(s)
File Type: xls Symphonie System Weekly Growth Plan -5.xls   47 KB | 424 downloads
Ronnie Renko
  • #210
  • Jan 14, 2020 1:16am Jan 14, 2020 1:16am
Quoting Ced74
{quote} It is not for me to tell you what to do but after reading several of your posts you were doomed for failure....Back off...You appear to be expecting too much too soon...Fruit trees take time before they bear fruit...Risking 50% is crazy....Perhaps looking at smaller T/Profit with compounding may help.......1-2 years and you could have a nice stake ..Start with a small Bank and if you lose then no real harm done and you just start again.There are many options in cyber space. Just my thoughts . R https://www.forexfactory.com/showthr...9#post12700779...
That is the sensible option which you suggest.
I think this thread was just geared for the thrill and excitement of ridiculous trading with no defined method.
A few wins looks impressive and soon mounts up but the odds are stacked against you and any sort of lucky gain will be lost.
Look around and you will see this happen so many times, time after time, fail,fail,fail.
It makes FF interesting though.
Trade well, and good p[ost.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #211
  • Jan 22, 2020 1:30pm Jan 22, 2020 1:30pm
How are things going ? Ready to trade again ?

Best regards
  • #212
  • Jan 23, 2020 3:26pm Jan 23, 2020 3:26pm
Quoting jgadefelth
How are things going ? Ready to trade again ? Best regards
Hi, I will restart this challenge next week. If everything will be okay, I will achieve this target till summer.

For now I still didn't lose my first 99$, and I have 168$ on my safe account from previous attempt, I will add 32$, to have 200$ for trading and will continue this challenge.
  • #213
  • Jan 23, 2020 3:28pm Jan 23, 2020 3:28pm
Are you ready for this do you think you can handle rjr psycological pressure of tjis better this time ?

Best regards
  • #214
  • Jan 23, 2020 4:08pm Jan 23, 2020 4:08pm
Quoting jgadefelth
Are you ready for this do you think you can handle rjr psycological pressure of tjis better this time ? Best regards
I don't know, but will try to do my best to achieve this target.
  • #215
  • Jan 26, 2020 5:52am Jan 26, 2020 5:52am
It's not that hard if you see it in the following way:

Month1: $100 -> $200
M2: 200 -> 400
M3: 400 -> 800
M4: 800 -> 1600
M5: 1600 -> 3200
M6: 3200 -> 6400
M7: 6400 -> 12800
M8: 12800 -> 25600
M9: 25600 -> 51200
M10: 51200 -> 102400.
Risk Management is of utmost importance!
  • #216
  • Jan 26, 2020 6:19am Jan 26, 2020 6:19am
Quoting RCtrader
It's not that hard if you see it in the following way: Month1: $100 -> $200 M2: 200 -> 400 M3: 400 -> 800 M4: 800 -> 1600 M5: 1600 -> 3200 M6: 3200 -> 6400 M7: 6400 -> 12800 M8: 12800 -> 25600 M9: 25600 -> 51200 M10: 51200 -> 102400.
I suggest: Take out 1600 at M5. So M5 has to be a double. If we would do it like this you will have less mentality stress and 16 times more changes to start with $100.
But nevertheless major key will be to find best entry points! And finally in my opinion this is the hard part.
  • #217
  • Jan 26, 2020 1:40pm Jan 26, 2020 1:40pm
Quoting kofix11
{quote} I suggest: Take out 1600 at M5. So M5 has to be a double. If we would do it like this you will have less mentality stress and 16 times more changes to start with $100. But nevertheless major key will be to find best entry points! And finally in my opinion this is the hard part.
How interesting. I have that in mind too, but I didn't know it could increase the chances by 16 times.
Risk Management is of utmost importance!
  • #218
  • Jan 26, 2020 4:23pm Jan 26, 2020 4:23pm
Quoting RCtrader
{quote} How interesting. I have that in mind too, but I didn't know it could increase the chances by 16 times.
In previous attempt I failed at M5, I hope, that I could avoid this in my second attempt.
  • #219
  • Jan 27, 2020 6:38am Jan 27, 2020 6:38am
Just opened first trade and in a minute it went in negative result, there is nothing to do, will wait.
Attached Image (click to enlarge)
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  • #220
  • Jan 31, 2020 12:38pm Jan 31, 2020 12:38pm
you are opening too big of a size, max should be 0.10 per 100$ in the account.

Trend is your friend, look for 20/25 pips a trade, take the profit and on to the next one.
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