I would have liked to seen entries and exits, too
Btw, am I the only one who noticed the sine wave development?
It's an increasing return curve which peters out, then comes a loss streak which is around half the size and also peters out and then the same over.
Drawdowns are 25-35%, roughly, just looked over it for a few seconds (i.e. 60k go to 45k again).
I'm sure it's a fun thing to do. It's probably a really cool personal challenge as well.
I don't doubt it can be done, but the only condition to do it under would be to do it by singling out 1-2% of your "real" account for the "toy" account and then try to exponentially push it.
(or make it symbolic - use 100$ and go for 10k - a car should be a nice enough goal to shoot for ;p)
Of course you'd have to know what you're doing
Otherwise the mechanism I can see others do would be: try with 5%, fail. Retry, fail. Retry, make a bit, go yay, fail. Retry, fail. Realize you just lost over 25% of the real account by constantly pumping it over into the "game" account. Realize what this means in money terms, sob, cry, despair
As a pastime once you're "there" I bet it's interesting to do - but meaningless, since presumeably the main account already shows a lot nicer figures already as it is
But hey, it's all a big ego parade, right?
I'd be much more interested in doing it out of a "can I do it / can it be done" aspect than to brag about it...which is rather pointless. Having the money would feed my ego enough juuuuuust fine, thank you =D
Oh, btw, this reminds me of Itme's turning 7$ into 7 million thread - which got flamed to death since nobody wanted to believe it and shunned out into the member's lounge
Everything's possible in THEORY, the question is how high the likelyhood of a realization of a chain of events necessary for it is ;p
Without dismissing this case as fantasy, I would offer that it is
absolutely possible to achieve results like this, BUT it is absolutely IMPOSSIBLE
to maintain consistent performance at these levels for a sustainable period of time.
On many occasions, I've taken a little bit of money, say $500 or $1000 in a
seperate account and traded myself silly and produced an insane return
in just a few short days, But every time, not almost every time,
but EVERY time it failed to produce sustainable results and it all went away.
Now I've never before seen a 12,000% return in one week.
That is beyond my imagination, but if he did it and this is real,
the value of what he has accomplished is highly negated by
the fact that most of us can't or simply won't take that much risk
and so therefore will be unable to gain anything from it except,"..Wow !"
..it has to be consistent...and it gets worse in FOREX..not like any grand slam...you win a grand slam once and your life is cool ..but in FOREX...even if you win once..you could give all back and more to your opponent...
:
:
Hi Folks,
It may sound impossible, but I turned 1k usd to more than 100k usd (126k to be precise) in a wk---I am attaching the statement from my real account (after removing the account no. et al.)--Caution to newbies, please do not trade this way---I call my this account 'wild thing' which boosts my overall return---I trade another account conservatively as per proper MM---Btw, I did the almost the same thing last mth as well turning 400 usd to 60k within 2 wks---with some experience in forex trading & a decent trading system, I believe, this feat achievable atleast few time a yr---afterall, I am only risking 1k of my capital (rest is house money).
Next time, I'll discuss how I manage this kind of trading, although the statement is pretty much self explanatory---
GL/GT
