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$409k Challenge Part 2

  • #121
  • Mar 12, 2021 12:01pm Mar 12, 2021 12:01pm
Quoting mrdfx
Well it's been a much better week bringing the account to +40%. Didn't do much trading this week actually, but managed to profit off the CAD news today. Have a good weekend guys! {image}
Nice I think I might as well go with a 100 dollar account on Monday
  • #123
  • Apr 9, 2021 1:03am Apr 9, 2021 1:03am
No more updates?
  • #124
  • Apr 23, 2021 8:54am Apr 23, 2021 8:54am
I decided to try a $200 start - It's very difficult to get going with any less I think

10% per day is the target - let's see how we go with the new system I acquired
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  • #125
  • Apr 23, 2021 12:36pm Apr 23, 2021 12:36pm
Quoting Mtinifx
I decided to try a $200 start - It's very difficult to get going with any less I think 10% per day is the target - let's see how we go with the new system I acquired {image}
You never give up...lol..I am not sure how many accounts been blown here,but a few atleast...
Insanityoing same ting over expecting different results..Einstein
  • #126
  • Apr 26, 2021 10:42am Apr 26, 2021 10:42am
Quoting FXsniper111
{quote} You never give up...lol..I am not sure how many accounts been blown here,but a few atleast...
Yep, that's what it says on the tin mate - "never say die"


Anyway not a bad morning, thankfully. As NY session was quite awful.

Added another 13%.

Trading has become a whole lot easier since I acquired this new system. Very lucky to get hold of it but the proof will be in the pudding as always
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  • #127
  • Edited 6:33am Apr 27, 2021 5:47am | Edited 6:33am
Well that is probably it for the day - with FOMC coming up tomorrow the situation on my favourite trading pair can only become more difficult (and dangerous!)

If I'm the only one doing anything on this thread, I think from tomorrow I might as well start my own "200 to 20000" journal.

Anyway, managed 15% today so not too bad
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  • #128
  • Apr 28, 2021 6:01am Apr 28, 2021 6:01am
Decided to trade today mainly because Gold price action has been amazingly good in the run up to FOMC.

I always have 3/4 charts open but they are all the same pair - just different time frame.

Added 10.5% today and let's hope that tomorrow is a little less jerky!
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  • #129
  • Apr 28, 2021 6:09am Apr 28, 2021 6:09am
As no one else has appeared and looks like mrdfx is no longer in the game so I will definitely start my own journal over the weekend. Anyone who wants to join by trading a $200 account with the goal of 20k will be welcome. It really is a lot of fun adding 5% to 10% per day and seeing one's account grow.

I will help (once people can see that my system is profitable) with a trading system if required.

MtiniFX
  • #130
  • May 5, 2021 7:23am May 5, 2021 7:23am
Quoting Mtinifx
As no one else has appeared and looks like mrdfx is no longer in the game so I will definitely start my own journal over the weekend. Anyone who wants to join by trading a $200 account with the goal of 20k will be welcome. It really is a lot of fun adding 5% to 10% per day and seeing one's account grow. I will help (once people can see that my system is profitable) with a trading system if required. MtiniFX...
this style of trading is not beneficial to anyone except brokers, they always win, the risk is too high for 5% per day and the end will always be the same, with an empty account. I keep an average of 0.7% a day, which is pretty good. Risk the minimum and in the long run you will have a greater benefit.
  • #131
  • May 5, 2021 7:38am May 5, 2021 7:38am
Quoting edybede
{quote} this style of trading is not beneficial to anyone except brokers, they always win, the risk is too high for 5% per day and the end will always be the same, with an empty account. I keep an average of 0.7% a day, which is pretty good. Risk the minimum and in the long run you will have a greater benefit.
Not true my friend. Don't do stupid things and broker will not "lose or win". Some brokers don't really win or lose. They are just brokers. Those who win if you lose are MarketMakers. They have some benefits but I still don't like them.

SF
  • #132
  • May 5, 2021 8:34am May 5, 2021 8:34am
Quoting edybede
{quote} this style of trading is not beneficial to anyone except brokers, they always win, the risk is too high for 5% per day and the end will always be the same, with an empty account. I keep an average of 0.7% a day, which is pretty good. Risk the minimum and in the long run you will have a greater benefit.
The brokers are not happy at all because if you blow your account, they lose out on any further commissions earned from your trades as well as the spread. The MM's of course are intent on gobbling up RT money.

Mate, this is just fun money - if one goes in for the challenge, one obviously knows it's high risk. I don't blame the risk factor actually. It's simply a matter of trading my system correctly and not falling back into ingrained bad habits. The worse one being trying to find tops and bottoms.
If one buys when one should be selling and sells when one should be buying, you're going to lose - guaranteed
  • #133
  • May 11, 2021 3:41pm May 11, 2021 3:41pm
Here we go AGAIN
$175 start
  • #134
  • May 12, 2021 12:45am May 12, 2021 12:45am
Quoting Mtinifx
Here we go AGAIN $175 start
Good luck. I wanted to do same thing but with 1 000 USD acc. I wonder if that's a good idea. I know it is possible, but... I would need to start with 2 lots.

SF
  • #135
  • Jun 26, 2021 8:26am Jun 26, 2021 8:26am
Quoting Mtinifx
Here we go AGAIN $175 start
How is it going?
Stop fighting, let it go......you will be surprised..
  • #136
  • Sep 17, 2021 11:29am Sep 17, 2021 11:29am
Hi

I want start the challenge. Somebody who passed it already?

Thanks
  • #137
  • Oct 4, 2021 3:34am Oct 4, 2021 3:34am
I have been following since part1 with great interest ,

TS any update ?


Sincerely hoping TS achieve the 409k target.
  • #138
  • Last Post: Jul 17, 2023 2:14pm Jul 17, 2023 2:14pm
Quoting SingaRich
Banked on the long of the UJ and have now turned to scalp sell. please add my TE to this thread as I believe you can't OutScalpMe
bighead
people leave, but this thread will go on for ever
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