How I Turned 1k To 100k In A Wk!!! | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Automated trading: $200 to $100K in 1 year 27 replies

friend wants to leave 100k, for 5%, riskless profit. 35 replies

Turning $250 into $100K in one year??? 11 replies

Attachments: How I Turned 1k To 100k In A Wk!!!
Exit Attachments

How I Turned 1k To 100k In A Wk!!!

  • #81
  • Nov 19, 2007 12:17am Nov 19, 2007 12:17am
Quoting sifoorex
walawei... so HOT this thread. As trader, what we going to expect from this thread?
It shows that there is a real hunger to make money in Forex... Everyone is looking for a holy grail...
  • #82
  • Nov 19, 2007 12:21am Nov 19, 2007 12:21am
I am sure this seemingly enormous task is possible considering you apply outrageous MM rules. Unless you have an extra grand to try this out, steer well clear from this.
  • #83
  • Nov 19, 2007 12:33am Nov 19, 2007 12:33am
Quoting Pipsqueak
How I turned 100k into 1k in a Wk!!!

Anyone interested in seeing how I do it?

You guys better read this a little more closely..............
Same Whore .... Different Dress
  • #84
  • Nov 19, 2007 12:38am Nov 19, 2007 12:38am
Quoting mysticgenie
Lots of comments---wow, I never knew I'll stir a hornet's nest---lol--thanks smjones, tdion, imransait, budhi---all other knowledgeable folks---yes it is possible & there is nothing magical--it's just that i used a very bold MM in a way I'm going to explain later---
Oh, btw, I'm a young MD in early 30's (just to clarify some of your doubts)---I have been trading about a yr & this helps me to relax (yes it's true guyz---trading has much less stress than medicine---believe me) & I enjoy both the worlds very well---why not driving, coz I live in NYC & never felt the need of it & gave any importance before---
Regarding smjones' query: yes, I have been doing it for quite some time, but from last mth onwards raised my stake somewhat from increasing confidence level & more free time from my work--lol--did it last mth w/ 450 usd to 60k in 2 wks--- usually I'll attempt 3 times in a mth at the maximum w/ 500-1000USD at a time when I feel confident about market direction (this mth I managed this on my 2nd attempt).

Now the strategy in brief:

The strategy is very simple with some fine nuances which I'll not be able to explain fully as I also use my intuition a lot.
I use simple trend following strategy based on 4H, daily & wkly TF (PA as per James 16 thread)--- I use 1H TF for entries & exits---I also apply candlestick pattern, laguerre (see Imransait's thread) & Demark lines (Mouteki thread) for estimated target points---now I do not use any firm SLs---if the position goes a/g me (say by 100-150 pips in case of G/J), either I'll bail out & reverse (if the reverse trend is strong)or will simply hedge to try to come out b/e (minor retracements)---at the same time I keep an eye on wkly COT report (see cateful's thread) & equity markets (a big time for me as I am trading carry pairs) to assess market sentiment for that particular day---I avoid early US sessions (that's when i usually sustain my losses & market is also little undecided) & try to figure out next market direction from late US session onwards, e.g., if you see dow is closing strongly, you can be assured that asian markets will open strongly & G/J will move by atleast 50-100 pips from late US session onwards---I prefer to trade in late asian & early european sessions (besides being free from my work usually, i somehow can feel those markets better)---this is the time I'll try to increase my leverage to maximize my gains---I follow fib numbers to increase account size i.e., 1,2,3,5k----I decide on lot size as I risk b/w 15-30% on each position---I trade manually btw, no preset orders for me---i'll never forget the feeling of putting in 60 std lots in a mini account---lol

Last, but not the least, BEGINNERS, PLEASE DO NOT TRADE THIS WAY WITH YOUR HARD EARNED MONEY YOU CANNOT AFFORD TO LOSE, UNDERSTAND WHAT YOU ARE DOING & THE CONSEQUENCES (TRADE YOUR PLAN, PLAN YOUR TRADE).
thanks for sharing your style of trading and the indicators u use,as there r quite alot of indicators that u use,can u be abit more specific of how u enter/exit a trade,with charts too? thanks
  • #85
  • Nov 19, 2007 12:39am Nov 19, 2007 12:39am
Quoting mazdaz
I am sure this seemingly enormous task is possible considering you apply outrageous MM rules. Unless you have an extra grand to try this out, steer well clear from this.
Well you don't really need a grand. You can try $100 into $10000. It's basically the same thing. A few weeks ago I tried a similar stunt with $100. I got up to about $230 in just a few days. That's 130% increase in just 3 days. But then the inevitable margin call came calling the next day. So I think what mysticgenie is doing is very possible but some LUCK is required to sustain such a run.
  • #86
  • Nov 19, 2007 12:40am Nov 19, 2007 12:40am
It will be interesting to see if this shows up when FXCM publish their 'King of the Mini' results for November. I can't imagine anyone else beating this one!

Mike
  • #87
  • Nov 19, 2007 3:13am Nov 19, 2007 3:13am
Thanks for all the encouraging words---El nacho, I put all orders manually---sometimes it took even 2 min to put all those orders in! Bt, in future, I don't have to face that if evere I emulate this feat (as per another boarder's advice, I can just type in my order)
MikeW, unfortunately I won't feature i their contest as I already withdrew my winnings (that's a/g the contest rules---)
FxKing, ---well, my entries & exits are similarly based on the threads I mentioned above---nothing different---maybe I will exit little earlier as I have more lots than usual in play---
For example, one profitable trade i put on today: a sell order in Gbp/Cad & then exit --- (S @ 2.0006 closed @ 1.9896---a total of + 110 pips gain)
Attached Image (click to enlarge)
Click to Enlarge Name: gc trade.gif Size: 23 KB
  • #88
  • Nov 19, 2007 3:23am Nov 19, 2007 3:23am
Dumb question over here...

Why does it say "GameOver" on the MT4 platform following all the indicator syntax ?

I thought the Game just started...hmmmm. I am so not up-to-speed...
  • #89
  • Nov 19, 2007 3:36am Nov 19, 2007 3:36am
BTW: I don't blame him (or anyone else) for taking his money out of FXCM.

I don't want to say anything that's not true, so I'll just stick to the facts...

One time (a couple years ago) when I had the misfortune of trading thru FXCM
a member of their dealing desk actually shrunk themselves down REAL tiny
(like 0.17 microns or something) and snuck thru my phone line just to screw with my trades.

I know most of you will have trouble believing this, but I wouldn't post it
in this thread, especially in this thread, if it weren't absolutely true.
  • #90
  • Nov 19, 2007 10:31am Nov 19, 2007 10:31am
Quoting Pipsqueak
Well you don't really need a grand. You can try $100 into $10000. It's basically the same thing. A few weeks ago I tried a similar stunt with $100. I got up to about $230 in just a few days. That's 130% increase in just 3 days. But then the inevitable margin call came calling the next day. So I think what mysticgenie is doing is very possible but some LUCK is required to sustain such a run.
Ofcourse you can make 1000% in three days, nothing wrong with that.
But it is impossible to make 1000% per three days!

I am sure. Very sure....!
Trainee at UBS Investment Banking
  • #91
  • Edited 3:21pm Nov 19, 2007 10:36am | Edited 3:21pm
Quoting th_ngue21
Ofcourse you can make 1000% in three days, nothing wrong with that.
But it is impossible to make 1000% per three days!

I am sure. Very sure....!
It is not impossible but rather it can be done. An individual has to be at the right place and the right time. Otherwise, unless an individual is on a suicide mission, one would NOT recommend it.
Humble Lifetime Member
  • #92
  • Nov 19, 2007 10:37am Nov 19, 2007 10:37am
hi

really to good to be true?


so what is your tradng system?


share here please
Everything is bare Making the best out of pips
  • #93
  • Nov 19, 2007 10:38am Nov 19, 2007 10:38am
Quoting osaze
hi

really to good to be true?


so what is your tradng system?


share here please

now, everyone wanna be bill gates..
FOREX "It just the matter whether you GAIN or you PAIN!"
  • #94
  • Nov 19, 2007 10:39am Nov 19, 2007 10:39am
I am interested in how you do this. Is there more information available along with the printout for viewing?

Quoting mysticgenie
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
  • #95
  • Nov 19, 2007 10:46am Nov 19, 2007 10:46am
Now I might sound a little bit synical but this sort of return is 'unbelievible' so unless you can explain the mathematics behind this highly dubious boast I am a non believer. Sorry
Quoting mysticgenie
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
  • #96
  • Nov 19, 2007 10:47am Nov 19, 2007 10:47am
Divide your high risk reward into 10 shares.

Since you have such a magic system, I see a great chance that in the coming 10 weeks you come back here again and show us 1000k reward. And that is already very bad luck.

Waiting.....,
凹凸 only
  • #97
  • Nov 19, 2007 10:58am Nov 19, 2007 10:58am
hey kid! dont show it to the world!

keep it to urself!
in a week it comes to you and in a few hours it leaves
Remember MM
  • #98
  • Nov 19, 2007 11:08am Nov 19, 2007 11:08am
Quoting th_ngue21
Ofcourse you can make 1000% in three days, nothing wrong with that.
But it is impossible to make 1000% per three days!

I am sure. Very sure....!
Nothing's impossible in this business bro'. Our only boundaries are our own self imposed limitations. Common?- No Possible?- Yes
  • #99
  • Nov 19, 2007 11:27am Nov 19, 2007 11:27am
Quoting SmokyByers
Nothing's impossible in this business bro'. Our only boundaries are our own self imposed limitations. Common?- No Possible?- Yes


Ok...

Why do you think it is possible to do this? Make 1000% per three days..

Can you share us your experience and knowledge why you think this can be possible?

Do you know why most traders fail? Because they think it is the highly leverage construction, they can make huge returns in Forex.
Trainee at UBS Investment Banking
  • #100
  • Nov 19, 2007 2:58pm Nov 19, 2007 2:58pm
Hi mystic..this result is as your name is..mystic.. :-)

but if you are in a time where you are really in the ZONE, disreagard whatever you usually employ as proper Money Management..then these mystic results CAN happen...it's like playing poker ALL IN (on this limited 1k account..betting the accumulated wins) well done..congrats..

looking at yr chart and the treads mentioned, would u mind posting yr template files and indicators used, it's not easy to get exact the ones used in the chart...

best wishes
PP
0 traders viewing now