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30% A Month

  • #1
  • First Post: Edited Jul 23, 2020 1:44pm Apr 29, 2020 7:47pm | Edited Jul 23, 2020 1:44pm
Hi to all new and seasoned traders. I will be documenting my next few months of trading on this forum , mainly to prove to myself i have improved. i have blown 2 previous accounts within the first week of trading over a year ago , this is my first time truly giving my all to the market.

I want to prove two things

1 , It is very possible to make at least %30 a month whilst controlling risk and always using a stop

2 , The figures on this forum concerning account growth all depend on the inidividual , do not limit yourselves beacuse someone else told you 5-10% a year is fantastic.

The few people i learnt from showed me there are no limits in this field. I hope you guys enjoy my journey.
I started on April 16th and i am currently 66.7% up.
Link to myfxbook: http://www.myfxbook.com/members/Jae_...0wjayzJml01ZTU

EDIT: April Results - 123.38% Gain , 3.1% Max Drawdown
  • #2
  • Apr 29, 2020 7:52pm Apr 29, 2020 7:52pm
My starting capital was £3000 GBP. I have no positions open right now but i am currently looking at EURUSD for the remainder of the week.
  • #3
  • Apr 30, 2020 2:59am Apr 30, 2020 2:59am
Quoting Londonboy24
Hi to all new and seasoned traders. I will be documenting my next few months of trading on this forum , mainly to prove to myself i have improved. i have blown 2 previous accounts within the first week of trading over a year ago , this is my first time truly giving my all to the market. I want to prove two things 1 , It is very possible to make at least %30 a month whilst controlling risk and always using a stop 2 , The figures on this forum concerning account growth all depend on the inidividual , do not limit yourselves beacuse someone else told...

Just clocked your name still. I'm from London as well.

Good luck bro, I will be seeing how you are getting on. 30% a month is big, but still achievable.
  • #4
  • Apr 30, 2020 7:38am Apr 30, 2020 7:38am
Quoting akamrp
{quote} Just clocked your name still. I'm from London as well. Good luck bro, I will be seeing how you are getting on. 30% a month is big, but still achievable.
Love bro , hope your trading journey is going well. Anything is achievable if you put your mind to it.

PS. Check my next post once i close my current trade
  • #5
  • Apr 30, 2020 9:10am Apr 30, 2020 9:10am
I've just started myself to be honest. I have been testing out stuff for about a year now. Started using my strategy at the start of the year but been making a few errors so I flopped a bit. This is the first month I have tried with no errors I think, I will see and then double check my results for the month over the weekend as it is the end of the month
  • #6
  • Apr 30, 2020 9:13am Apr 30, 2020 9:13am
Quoting Londonboy24
{quote} Love bro , hope your trading journey is going well. Anything is achievable if you put your mind to it. PS. Check my next post once i close my current trade
i hope you went long on EU, good spike this morning

your goal is very achievable
at 5% daily growth you can sustain 7 negative days per month and still be at 30% growth (assuming 1:1 loss)
Thats a win/loss ratio of 65% per month.... and still cashing 30%- not too shabby

Depends on your trading style, but this my perspective

best of luck
cheers
its just a script. join the club
  • #7
  • Apr 30, 2020 9:32am Apr 30, 2020 9:32am
Quoting akamrp
I've just started myself to be honest. I have been testing out stuff for about a year now. Started using my strategy at the start of the year but been making a few errors so I flopped a bit. This is the first month I have tried with no errors I think, I will see and then double check my results for the month over the weekend as it is the end of the month
That's the best way to spend the weekend imo. The biggest growth for a trader happens whilst journaling/revising strategies rather than trading itself. Write down your mistakes and what led to them , emotionally and analyticaly. After months you will notice patterns about your trading , from what currencies you should/should not choose down to the sessions (Asia,Ny,etc) you choose your entries.
  • #8
  • Apr 30, 2020 10:09am Apr 30, 2020 10:09am
Quoting Londonboy24
{quote} That's the best way to spend the weekend imo. The biggest growth for a trader happens whilst journaling/revising strategies rather than trading itself. Write down your mistakes and what led to them , emotionally and analyticaly. After months you will notice patterns about your trading , from what currencies you should/should not choose down to the sessions (Asia,Ny,etc) you choose your entries.

Yea, especially with lockdown now, Im at home anyways so I should put that work in. My mistakes were due to emotion/ doing something different from the strategy itself.

Only session im trading is the london one, works best for me and for my lifestyle. I wouldn't want to be up at dumb times.
  • #9
  • Apr 30, 2020 11:24am Apr 30, 2020 11:24am
Quoting Dzap
{quote} i hope you went long on EU, good spike this morning your goal is very achievable at 5% daily growth you can sustain 7 negative days per month and still be at 30% growth (assuming 1:1 loss) Thats a win/loss ratio of 65% per month.... and still cashing 30%- not too shabby Depends on your trading style, but this my perspective best of luck cheers
You got it !i hope you got a piece of Euro too Pal
  • #10
  • Apr 30, 2020 11:31am Apr 30, 2020 11:31am
Just an end of week update as i wont be placing anymore trades for the week. I entered a Euro Long this afternoon and exited for a nice 34% gain on my account (£1700).

Thats 123.38% For April in Total with a 3.1% Max Drawdown. I am not aiming to repeat this next month , only to hit my 30% Quota.

Now I face two problems , i am emotionally charged after such a good few weeks. I am also yet to experience a real loss. This could make me over confident going forward so i will practice extra caution next week , i may not even trade for a week.

All my results are on myfxbook in first post.
  • #11
  • Apr 30, 2020 3:54pm Apr 30, 2020 3:54pm
Quoting Londonboy24
Just an end of week update as i wont be placing anymore trades for the week. I entered a Euro Long this afternoon and exited for a nice 34% gain on my account (£1700). Thats 123.38% For April in Total with a 3.1% Max Drawdown. I am not aiming to repeat this next month , only to hit my 30% Quota. Now I face two problems , i am emotionally charged after such a good few weeks. I am also yet to experience a real loss. This could make me over confident going forward so i will practice extra caution next week , i may not even trade for a week. All my...
Nice, just stick to your plan.
  • #12
  • Apr 30, 2020 8:59pm Apr 30, 2020 8:59pm
Can you tell your strategy?
  • #13
  • May 5, 2020 10:49pm May 5, 2020 10:49pm
I have decided to follow my plan from the previous post and take no trades this week. Next week will be profitable i am sure.
  • #14
  • May 7, 2020 9:34am May 7, 2020 9:34am
Hi Londonboy24, what's your strategy?
  • #15
  • May 7, 2020 10:34am May 7, 2020 10:34am
Wow. I have to say your entries are spot on. That is some crystal ball level trading right there. All of your trades have almost no drawdown which is hard to believe. Seeing how heavy you go in with multiple positions, I do have doubts about how long you can maintain such a low drawdown, but very impressive so far. I'll keep an eye on your journey. Good luck!
  • #16
  • May 9, 2020 7:46am May 9, 2020 7:46am
Quoting autemfx
Wow. I have to say your entries are spot on. That is some crystal ball level trading right there. All of your trades have almost no drawdown which is hard to believe. Seeing how heavy you go in with multiple positions, I do have doubts about how long you can maintain such a low drawdown, but very impressive so far. I'll keep an eye on your journey. Good luck!
I appreciate the kind words bro. I get where you're coming from and i know simply by the law of averages i am due to have a loss soon hence why i have been very patient this month. I have a trade idea developing on USD/CAD for next week but need slightly more confluence. Wish you a good trading week.
  • #17
  • May 9, 2020 7:57am May 9, 2020 7:57am
Quoting Isildurrr1
Hi Londonboy24, what's your strategy?
Hi , that's something i will probably share in the near future but not quite yet for a few reasons. Mainly because i feel uncomfortable promoting/endorsing a system before i myself have found long term consistency with it.
  • #18
  • May 9, 2020 2:08pm May 9, 2020 2:08pm
Quoting Londonboy24
{quote} Hi , that's something i will probably share in the near future but not quite yet for a few reasons. Mainly because i feel uncomfortable promoting/endorsing a system before i myself have found long term consistency with it.

Btw how much is your risk per trade?
  • #19
  • May 9, 2020 2:12pm May 9, 2020 2:12pm
Great results so far, hope you can keep it up man, Fellow brummie trader here..will be keeping an eye on your future results.
  • #20
  • May 11, 2020 4:01pm May 11, 2020 4:01pm
Quoting akamrp
{quote} Btw how much is your risk per trade?
It depends , on my EU trade I entered on a 1min candle so was more aggressive than usual.
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