From 1,000 to 100,000

As some might know I did hijacked another thread on the same issue. I didnt mean to do that and apologize to the thread starter. During the couple of weeks I was in the thread I brought my account from DKK 1,000 to DKK 103,000. I have received a lot of e-mails and some wants my tradingplan and others are acusing me of bullshitting. Well, thats the freedom of speech I suppose.

I have been busy trading the last couple of days and also dealing with some corona issues as Denmark (my home country) has just announced that they are closing all borders as from Monday. But the idea is that I get this my modified tradingplan shipped to those who have asked for it soon.

As announced on in the other thread I had brought my account significantly down looking to short DOW over the weekend. However, during the day I made quite an amount on the account and with the strong effort in DOW tonight I refrained from staying short over the weekend. I will start Monday or Tuesday with DKK 10,000 on my account and follow the tradingplan and see if we can bring it to DKK 100,000 again. I will start out trading 1 USD per pip as with the other account. I have done that on multiple occassions and believe I can do it again.

On a normal day I have about 5-10 trades (+ adding to trades) and the idea is to describe my trades on a daily/weekly basis in this thread and also describe why I did what. Hopefully that can be helpful to those who have requested my tradingplan. You should be able to follow my trades clearly.

Fingers crossed that we get a ride on a nice trend.

Good luck :-)

Hi how is trading going ? And what about trading plan ?

Best regards

I am also watching and rooting you on

So it has been a little quiet around this post. There has been nothing of significance to report. A little up and down (:

A bit of statistics:

Starting capital DKK 10,000
Max draw down until now: 25% (Primarely caused by one trade. An order I placed early in the day and forgot about. Fell asleep and the order was triggered. Went a couple of hundred points in my favour before I god stopped out with a full loss during the grey market)
Account size now: DKK 32,000 (the majority of my profits are generated in 10-15 trades. The remainder of my trades are probably around BE)
I have had 10 plus trades being up at least 250 points. I have added and got stopped out for 0.
Max risk I have had on any given trade is 150 USD. Mostly I enter with a stop of about 40-60 pips.
All trades have initial entries of 1 USD/ 2 EUR per pip. I have only traded DOW and DAX.

So it is not a get quick rich scheme I have going. But it is still a nice return on invested capital in two months.

When I reach DKK 50,000 I will increase my stake size from USD 1/EUR 2 to 2/4.

Following you. Would love to get a good runner, but even when I´m right, I end up closing it down way too soon and then start scalping (which I suck at!)..

How does adding affect your risk on a particular trade?
If you already have one trade with a defined risk og say 50 pips and then you add, what is the total risk usually? 50 points still, more, less?

Hi Banditten,
interesting thread.Looking forward to read it. One thing I'd like to suggest.Don't mix in your posts DKK,EUR,USD. It's little bit confusing.It might be easier for you to convert those DKK number to EUR for us to better understand.