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My $10 to $1000 trading journey

  • #21
  • May 1, 2020 6:59am May 1, 2020 6:59am
Quoting dbeach777
Thoughts of the day... 1. TGIF! 1A. Every day a winning day! 1B. 3rd consecutive winning day of my new journey. 2.. Fridays are rarely reversal days... Mondays too 2A I've lost most of my money trading reversals on Fridays 3. I have a biased mentality towards reversals 4. I realize it's not the best strategy 5. I have lost more money doing reversal trades than any other strategy. 6. I'll likely continue to do some reversals, mainly at SR levels with Divergence and SL in place 6. My favorite trade setups are MA crossovers plus pullbacks. I'll post...
I meant to say, 4th consecutive winning day.

Account up 400%

Today's profits $20
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  • #22
  • May 1, 2020 7:04am May 1, 2020 7:04am
Last trade of the day, let's see how this plays out.

If I get a little bit more profit here I'll close half of the position and let the remaining position play out as it might.
I frequently close out half at R1 creating a risk free trade for the remainder
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  • #23
  • May 1, 2020 7:08am May 1, 2020 7:08am
Quoting dbeach777
Last trade of the day, let's see how this plays out. If I get a little bit more profit closhere I'lle half of the position and let the trade play out as it might. I frequently close out half at R1 creating a risk free trade for the remainder {image}

Ok, in full transparently, I closed this trade out at breakeven. Not liking this as a reversal anymore
Not giving any profits back
Lessons of the past learned
  • #24
  • May 1, 2020 7:10am May 1, 2020 7:10am
Quoting Londonboy24
{quote} Fair enough
You have more options with a bigger bank roll.
Not saying anything negative..
Times are presently very good to make lots of £££ what with Brexit and virus.
I hope he does well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25
  • May 1, 2020 7:33am May 1, 2020 7:33am
And that's why I am skeptical of reversals... Especially on a Friday!
So I turned what would've been a stoploss, into a profitable with the trend trade
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  • #26
  • May 1, 2020 8:57am May 1, 2020 8:57am
@dbeach

Nice thread. You're doing great.

Hope you do well.
  • #27
  • May 1, 2020 11:32pm May 1, 2020 11:32pm
Goodluck dbeach, I enjoy these type of threads, truly hope you achieve your goal and keep going from there.
Pursuit of happiness
  • #28
  • May 4, 2020 8:34am May 4, 2020 8:34am
Slowly slowly I build my account...

Or faster then heck, last week I was at $10 so a 400% growth in a week, ha!
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  • #29
  • May 4, 2020 9:30am May 4, 2020 9:30am
When the market Tell you to go in da opposite direction...
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  • #30
  • May 5, 2020 11:56am May 5, 2020 11:56am
My Daily Nut.
Thank You
Thank you very much!
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  • #31
  • May 6, 2020 5:35am May 6, 2020 5:35am
Still got my $10.... Times 6 Bruh!

All before breakfast!
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  • #32
  • May 6, 2020 5:40am May 6, 2020 5:40am
10% profits, per trade, (or,perday)keeps the job away.....

"As I get ready for work"
  • #33
  • May 6, 2020 5:46am May 6, 2020 5:46am
Counter trend trade here....
Seriously trying not to take these but couldn't/didn't resist the urge
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  • #34
  • May 7, 2020 1:33pm May 7, 2020 1:33pm
Not much to brag about other than I made 6 bucks trading today... Kind of a sloppy market so played it safe
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  • #35
  • May 8, 2020 8:09am May 8, 2020 8:09am
And I'm out!

Strong ending for the week and I won't even he tempted to look at the charts again until next week......

Major goal accomplished, so far I've turned $10 into $100 in 2 weeks!

Can I turn this $100 into $1000 in 2 more weeks?
Time will tell
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  • #36
  • May 11, 2020 9:06am May 11, 2020 9:06am
Good Monday morning....
Was almost too easy, can't expect that always, just to stay diligent, sometimes it happens fast, sometimes slow, sometimes goes TF against you!
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  • #37
  • May 11, 2020 10:43am May 11, 2020 10:43am
https://www.businessinsider.com/oil-...-glitch-2020-5

Oh boy!
  • #38
  • May 11, 2020 11:09am May 11, 2020 11:09am
And the market just keeps on giving...

With the trend worK the trend...

The TREND
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  • #39
  • May 12, 2020 6:10am May 12, 2020 6:10am
This is my danger zone
Took a counter trend trade...
Then another one...
And yet another one...

This, is how accounts get blown up
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  • #40
  • May 12, 2020 6:21am May 12, 2020 6:21am
Quoting dbeach777
This is my danger zone Took a counter trend trade... Then another one... And yet another one... This, is how accounts get blown up {image}
Yup, that wiped out 2/3 of my account!

I called it......

Would've been 1/3 had I liquidated instead of posting and holding for the next high spike
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