Amazing Trading Stories!!! | Forex Factory

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Amazing Trading Stories!!!

  • #1
  • First Post: Nov 6, 2006 3:39am Nov 6, 2006 3:39am
Alright folks, I only want to hear from people who have made a tremendous gain in their account balance or know of someone who has. I'm looking for a time frame of no more than a year in which this was done.

An example would be someone who turned an account balance of several thousand dollars into $50,000, $100,000, etc.

This thread is not about the probability of making a huge profit but rather for people to just state the facts of what happened and how it happened.

Thank you.
  • #2
  • Edited 7:26am Nov 6, 2006 7:12am | Edited 7:26am
Nicolas Darvas. He was a self-taught trader and made millions in a very short period of time.
  • #3
  • Nov 6, 2006 7:33am Nov 6, 2006 7:33am
I remember reading about this guys, (he's a "turtle trader", and I think he's featured in "Market Wizards") who turned $36000 into $2 million in 18 months.
  • #4
  • Nov 6, 2006 7:53am Nov 6, 2006 7:53am
Yep. If you Google the guy you get ton's of stuff to read. Makes me wonder how many more millions he made with the books,courses etc.
  • #5
  • Nov 6, 2006 7:57am Nov 6, 2006 7:57am
Quoting Geldschlucker
Nicolas Darvas. He was a self-taught trader and made millions in a very short period of time.
A myth actually. He made a lot more money selling his book than he ever made trading.
  • #6
  • Nov 6, 2006 8:03am Nov 6, 2006 8:03am
Ryan Jones, of Fixed Ratio MM fame, ran an account of mine in the Robbins Trading Campionship (can't remember which year without checking... around 2000) from $15k to well over $100k in about 2 months. Trading the big S&P futures contract (grossly over-leveraged... I think the largest position was 12 big contracts !)

This feat is often quoted by Ryan and his supporters. What they invariably forget to point out is that the account then declined back to $16k over the next 2 months, at which point I pulled the plug.

I remember how it felt when the account went through $100k - we were waaay out in front (the 2nd place contestant was up about 50%, we were up over 550%)...planning all the things I was going to do when we hit $1m !

older & wiser now...

J.
  • #7
  • Nov 6, 2006 8:34am Nov 6, 2006 8:34am
I have ran several accounts up over 100k with a starting balance of around 5k. If you want details pm me. I don't want to sound like im bragging or discuss it in an open forum.
  • #8
  • Nov 6, 2006 9:03am Nov 6, 2006 9:03am
Quoting aegis
A myth actually. He made a lot more money selling his book than he ever made trading.
Ah Ha
  • #9
  • Nov 6, 2006 9:09am Nov 6, 2006 9:09am
Quoting jtrade
Ryan Jones, of Fixed Ratio MM fame, ran an account of mine in the Robbins Trading Campionship (can't remember which year without checking... around 2000) from $15k to well over $100k in about 2 months. Trading the big S&P futures contract (grossly over-leveraged... I think the largest position was 12 big contracts !)

This feat is often quoted by Ryan and his supporters. What they invariably forget to point out is that the account then declined back to $16k over the next 2 months, at which point I pulled the plug.

I remember how it felt when the account went through $100k - we were waaay out in front (the 2nd place contestant was up about 50%, we were up over 550%)...planning all the things I was going to do when we hit $1m !

older & wiser now...

J.
Would have been a nicer situation if you would have had some managerial control over your trader. You could have pulled back his size until he got back on track.
Profit is where readiness meets Opportunity
  • #10
  • Last Post: Nov 7, 2006 6:25am Nov 7, 2006 6:25am
Quoting southernmind
Alright folks, I only want to hear from people who have made a tremendous gain in their account balance or know of someone who has. I'm looking for a time frame of no more than a year in which this was done.

An example would be someone who turned an account balance of several thousand dollars into $50,000, $100,000, etc.

This thread is not about the probability of making a huge profit but rather for people to just state the facts of what happened and how it happened.

Thank you.
Myself and a couple of colleagues started trading our own fully automated system back in mid feb of this year. Our opening account balance was 80K usd which has now grown to 240K in just under 9 months. Whilst not hugely specatcular this has been achieved without excessive leverage (max 14 times gearing) and relatively low drawdowns (max 20%).
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