lets see if price can reach 815 target
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- #2,801
- Feb 6, 2024 10:11pm Feb 6, 2024 10:11pm
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #2,803
- Feb 8, 2024 12:22am Feb 8, 2024 12:22am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #2,806
- Edited 6:59pm Feb 8, 2024 6:39am | Edited 6:59pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} Last night before I went to bed, I closed some EUR/USD longs and added shorts. I had 3 longs and 2 shorts running while sleeping. I woke up with price testing yesterday's low. Now running with 5 longs and 1 short. Hoping for a rise back to 1.08+ I'm tired and not feeling well this morning. Back to sleepLive accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #1 Live $165.66 (+65.66%) (25 trading days) #4 Live $154.88 (+54.88%) (15 trading days) #7 Live $149.43 (+49.43%) (17 trading days) #8...
Yesterday, I was left with short drawdown. I did manage to scalp some both ways.
At this point, I have 3 long and 3 short positions.
Live accounts start with $100 and Demo $100k.
Current Net Equity results from best to worst:
#4 Live $173.14 (+73.14%) (17 trading days)
#1 Live $165.66 (+65.66%) (27 trading days)
#7 Live $158.89 (+58.89%) (19 trading days)
#8 Live $149.94 (+49.94%) (8 trading days)
#2 Live $146.53 (+46.53%) (21 trading days)
#6 Live $128.35 (+28.35%) (16 trading days)
#9 Live $111.59 (+11.59%) (4 trading days)
#3 Live $98.45 (-1.55%) (19 trading days)
#5 Live $93.36 (-6.64%) (17 trading days)
Combined results for live accounts:
Deposit = $900.00
Net Equity = $1,225.91
Profit +$325.91 (+36.21%) (4-27 trading days)
#9 Demo $191,948 (+91.95%) (12 trading days)
#8 Demo $181,757 (+81.76%) (25 trading days)
Combined results for demo accounts:
Deposit = $200,000
Net Equity = $373,705
Profit = $173,705 (+86.85%) (12-25 trading days)
Overall equivalent results of Live and Demo accounts combined (11 demo accounts up to $200k + Live %)
Deposit = $1,100,000
Net Equity = $2,825,525
Profit = $1,725,525 (+156.87%) (12-52 trading days)
Average 28.18 trading days per account (11 Demo + Live accounts combined)
Average +3.40% ROI per trading day compounded.
You cannot fail if you never give up.
- #2,807
- Feb 8, 2024 7:08pm Feb 8, 2024 7:08pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #2,809
- Feb 9, 2024 2:50am Feb 9, 2024 2:50am
- Joined Dec 2020 | Status: Trader | 1,210 Posts
[quote=Gelubrin;14749516][quote=7154Superman;14748665 Hi ! Why are you using 11 demo accounts? Isn't it complicated and wastes precious time?[/quote]
No, I already explained before. I use the demo account to test my trading system to see if it works. It's like establishing a foundation, then building on top of it once the foundation is secure. It's a mental exercise. If it does work, and I gain +100% ROI off the demo, then I upgrade to a $100 live account to replace that demo. That gives me confidence to continue trading real money with the same system and same level of risk management.
I have tried the other way, trading with real money up front. It didn't work because I didn't have a precedent to go off of, that I could use as a trial until I get it right. So, when I lost real money due to my trading (at the time) being no good, it would backfire on me with a PTSD effect that would make it harder to continue trading with a clear and unbiased perspective.
Wasting 1-2 months on demo accounts is nothing. I have wasted over 4 years trying (and failing) to make money with trading only live accounts because I was too impatient to use demo. See, in this case, the tortoise
wins the race instead of the hare.
Trading demo for a while helps me overcome that mental effect. I expect to go back to trading demo again up to +100% or maybe even +200% later on if my mind starts backfiring on me again due to trading larger amounts of real money than what I'm used to, and losing a big chunk of it.
I have already completed 10 demo accounts. Only 1 remains.
I expect to eventually complete a total of 20 demo accounts when it's convenient.
Demo is level 1 of my system to reach $1 billion with only $1,000 investment.
It will take 32 levels to reach $1.2 billion.
Level 2 is Live $100 to $200.
I have to reach +100% on Level 2 before I'm allowed to invest another $200.
Level 3 is $400 to $800.
Invest $700
Level 4 = $1,500 to $3,000
Withdraw $500
Level 5 = $2,500 to $5,000
Withdraw $1,000
Level 6 = $4,000 to $8,000
Withdraw $2,000
Level 7 = $6,000 to $12,000
Withdraw $2,000
Level 8 = $10,000 to $20,000
Etc, etc, etc.
Level 17 = $600,000 to $1,200,000
Withdraw $200,000
Level 32 = $600,000,000 to $1,200,000,000
Withdraw $200,000,000
Now, I understand that when my account reaches multiple millions of dollars, that my maximum leverage will eventually be reduced per regulated Forex broker rules due to limited funding available to provide max 50:1 leverage to cover multi millions of dollars.
So, my max leverage will eventually be reduced to 33:1, 20:1, 10:1, 5:1, and eventually 1:1.
So, in that case, it will take longer and longer to complete each level from around level 17 and up.
Right now, my best account is at +73.14% on level 2.
My goal is to reach a new level every month. It might not actually happen every month, but it's a goal. Level 3 for February can happen any day now.
Another good motto:
What you focus on, you automatically make room for, then it's more likely to come to pass.
So, that's why I developed this system, so I can focus on achieving a short term goal of +100% without emotions (demo) and stick to a system that repeats itself, turning it into a habitual way of trading, which results in consistency. And it's working so far...
No, I already explained before. I use the demo account to test my trading system to see if it works. It's like establishing a foundation, then building on top of it once the foundation is secure. It's a mental exercise. If it does work, and I gain +100% ROI off the demo, then I upgrade to a $100 live account to replace that demo. That gives me confidence to continue trading real money with the same system and same level of risk management.
I have tried the other way, trading with real money up front. It didn't work because I didn't have a precedent to go off of, that I could use as a trial until I get it right. So, when I lost real money due to my trading (at the time) being no good, it would backfire on me with a PTSD effect that would make it harder to continue trading with a clear and unbiased perspective.
Wasting 1-2 months on demo accounts is nothing. I have wasted over 4 years trying (and failing) to make money with trading only live accounts because I was too impatient to use demo. See, in this case, the tortoise
wins the race instead of the hare.Trading demo for a while helps me overcome that mental effect. I expect to go back to trading demo again up to +100% or maybe even +200% later on if my mind starts backfiring on me again due to trading larger amounts of real money than what I'm used to, and losing a big chunk of it.
I have already completed 10 demo accounts. Only 1 remains.
I expect to eventually complete a total of 20 demo accounts when it's convenient.
Demo is level 1 of my system to reach $1 billion with only $1,000 investment.
It will take 32 levels to reach $1.2 billion.
Level 2 is Live $100 to $200.
I have to reach +100% on Level 2 before I'm allowed to invest another $200.
Level 3 is $400 to $800.
Invest $700
Level 4 = $1,500 to $3,000
Withdraw $500
Level 5 = $2,500 to $5,000
Withdraw $1,000
Level 6 = $4,000 to $8,000
Withdraw $2,000
Level 7 = $6,000 to $12,000
Withdraw $2,000
Level 8 = $10,000 to $20,000
Etc, etc, etc.
Level 17 = $600,000 to $1,200,000
Withdraw $200,000
Level 32 = $600,000,000 to $1,200,000,000
Withdraw $200,000,000
Now, I understand that when my account reaches multiple millions of dollars, that my maximum leverage will eventually be reduced per regulated Forex broker rules due to limited funding available to provide max 50:1 leverage to cover multi millions of dollars.
So, my max leverage will eventually be reduced to 33:1, 20:1, 10:1, 5:1, and eventually 1:1.
So, in that case, it will take longer and longer to complete each level from around level 17 and up.
Right now, my best account is at +73.14% on level 2.
My goal is to reach a new level every month. It might not actually happen every month, but it's a goal. Level 3 for February can happen any day now.
Another good motto:
What you focus on, you automatically make room for, then it's more likely to come to pass.
So, that's why I developed this system, so I can focus on achieving a short term goal of +100% without emotions (demo) and stick to a system that repeats itself, turning it into a habitual way of trading, which results in consistency. And it's working so far...
You cannot fail if you never give up.
- #2,812
- Feb 9, 2024 8:23am Feb 9, 2024 8:23am
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #2,814
- Feb 9, 2024 1:26pm Feb 9, 2024 1:26pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #2,817
- Feb 10, 2024 2:55pm Feb 10, 2024 2:55pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} Like my weekly SIP in this consumption index has made me super rich All the bonus shares or dividend declared by the companies in this index increase the nav or the per unit value All my tiny investment since 2010 are now worth 928M In eurusd we keep scalping tiny moves hoping to build a big capital, but this index is like a savings account which keeps growing {image}
How much was your "tiny" investment?
The graph you showed there is currently at +866% ROI.
If it is what I think it is, then you started with $96 Million, and made less than 10x ROI in 18 years. If I'm wrong, then please show me what's actually going on here.
Considering the amount of money involved, that's amazing!
But how to get to $96 Million first without wasting your whole life getting there?
At my current level of growth, if my system proves consistently profitable, then I should reach 10x ROI in less than 4 months. I don't actually expect to maintain that level of growth. My first set of 10x in 6 months is more reasonable. After that, maybe a year for the second of set of 10x. That would be a total of 100x ROI in 18 months. Like from $1,000 to $100,000 per account. (I am not anywhere near $1,000 per account yet.) But I don't know what it would be like to trade hundreds of millions of dollars on Forex with high leverage like 50:1. I imagine it's harder because of limited liquidity from broker funds. I think they reduce the available leverage depending on lot size.
At some point, it would be more feasible to invest in stocks, indexes, bonds, precious metals, and crypto, etc. Even real estate can be lucrative.
You cannot fail if you never give up.
- #2,818
- Feb 10, 2024 3:00pm Feb 10, 2024 3:00pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #2,819
- Feb 10, 2024 3:16pm Feb 10, 2024 3:16pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
Ahh, I already tried that SIP model with Forex trading. It still didn't work because if my trading system was flawed, I would end up using losing more in the end.
So, that's why I now invest more only if I make a certain level of progress.
That's why I have my leveling system.
But since my Forex growth is so blistering fast with 50x leverage, it's no use investing more than $1,000 per account. That's why I start withdrawing a certain amount of the profits as I upgrade to higher levels, not just to reduce risk, but also so I can start enjoying the benefits of my investment in real life along the way, similar to regularly getting paid dividends from your stock portfolio.
What if something bad happens and the economy crashes and our investments become worthless or inaccessible? Then at least I got something out of it in the meantime.
So, that's why I now invest more only if I make a certain level of progress.
That's why I have my leveling system.
But since my Forex growth is so blistering fast with 50x leverage, it's no use investing more than $1,000 per account. That's why I start withdrawing a certain amount of the profits as I upgrade to higher levels, not just to reduce risk, but also so I can start enjoying the benefits of my investment in real life along the way, similar to regularly getting paid dividends from your stock portfolio.
What if something bad happens and the economy crashes and our investments become worthless or inaccessible? Then at least I got something out of it in the meantime.
You cannot fail if you never give up.
- #2,820
- Feb 10, 2024 11:54pm Feb 10, 2024 11:54pm
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
{quote} $928 Million?!! How much was your "tiny" investment? The graph you showed there is currently at +866% ROI. If it is what I think it is, then you started with $96 Million, and made less than 10x ROI in 18 years. If I'm wrong, then please show me what's actually going on here. Considering the amount of money involved, that's amazing!
Investment for me comes naturally
In 2009 I was working as a signal provider on zulutrade , trading purely on demo and getting paid commission per trade in USD
So my initial investment in btc was zero , out of thin air
Reaching 928 billion INR today
I am now invested in SBI PSU direct growth mutual fund which averages 94% cagr