How I Turned 1k To 100k In A Wk!!! | Page 9 | Forex Factory

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

  • #161
  • Nov 22, 2007 7:31pm Nov 22, 2007 7:31pm
Quoting Merc
Definitely possible,I turned 500 euro to 30000 in one week with 100 leverage.
wow! nice job merc! mind to share your system? thanks
  • #162
  • Nov 22, 2007 8:56pm Nov 22, 2007 8:56pm
Quoting fxking
wow! nice job merc! mind to share your system? thanks
you can check out my recent posts,I use a mix of things
QQE 60 and 5,lot of trendlines,pitchforks,fibs listen the news and my mind should do it.
Boyy,trap money,like bear hunters.
  • #163
  • Nov 23, 2007 5:39am Nov 23, 2007 5:39am
What is QQE?
  • #164
  • Nov 23, 2007 6:33am Nov 23, 2007 6:33am
Quoting buddhi
i believe. i am sure it is possible to make that much that fast. just want the details to see if i can learn something.

i once turned $5000 into $50,000 in two weeks, then i lost it all. and you can too!

here is how i did it: leverage up 400:1 (cms forex). then put on a few standard lot trades short and long - it does not matter where. i would just shut my eyes and push the button. this actually makes some sense since we do not know where the market is going. and you are hedged when two opposite trades are open.

i then went to starbucks for a couple of hours. read the paper, hung out. returned and closed any trades that were over $100 (just ten pips or so), which removed the hedge but banked the profits. i ignored the trades that were down, sometimes way down. i would laugh when a newly opened trade went against me, and even hoped it would do so, knowing that it would eventually turn in my favor. i felt that i was on to the secret of how the big boys trade.

i kept doing this and only closed trades when they eventually went over $100. often they were much more than $100. my account had a long list of winning trades - not one loser. this continued for two weeks. even the badly losing trades became positive if i waited.

(choosing the time to enter and exit are just about the only advantages a trader has against the market)

these were some of the happiest days in my life. but, as jerry says, "it could always go wrong."

one day the market walked away from my "red" trades and the party was over. the lesson i learned is to always buy a porsche when you are up, before you lose your balance. this is that boring money management stuff you always hear about.

here is another smart high risk method: in forex you can only lose your balance (unlike in futures), so open a $1000 account, put 90% on one highly leveraged position with a 50 pip stop and go to sleep. you either make $5000 or lose $1000 overnight - a very good risk to reward. if your stop got hit, you get another roll of the dice.

if you win, get your money out fast and open with five different brokers. do it all again, but this time open two big trades in one direction and three in the opposite direction so you are somewhat hedged. lose $3000 and make $10,000 overnight. (this post should probably be in the "trading systems" section)

so it is very possible to do as mysticgenie did. but he must buy a porsche turbo before any more trades. for proper money management he should not get a driver's license to avoid crashing that car faster than his account. the next logical step is to repeat his method with the remaining account balance to get more porsches. for proper money management you should always turn your pips into porsches.
Buddhi, this works?..sorry for the question..im newbie..
  • #165
  • Nov 23, 2007 6:49am Nov 23, 2007 6:49am
[quote=buddhi;1719772]if you win, get your money out fast and open with five different brokers. do it all again, but this time open two big trades in one direction and three in the opposite direction so you are somewhat hedged. lose $3000 and make $10,000 overnight. (this post should probably be in the "trading systems" section)quote]
Especially this part..
  • #166
  • Nov 23, 2007 9:48am Nov 23, 2007 9:48am
I Wont Mind Having This Strategy Of Yours.

What I Have Lose On Fx Is Damn Much.

I Need Recovering As Soon As Possible.

Gracias!
  • #167
  • Nov 23, 2007 10:29am Nov 23, 2007 10:29am
Man ..how we find millions of way to get away from reality and fool ourselfs
  • #168
  • Nov 23, 2007 1:25pm Nov 23, 2007 1:25pm
Quoting maksi86
Buddhi, this works?..sorry for the question..im newbie..
hi maksi,

the first one worked for two weeks - then stopped working and killed me.

the second one i have not tried - not sure if it would work; i have meta-ignorance (i don't know what i don't know) so i can't say.

there is some question if, with spot forex, one can be liable for the loss of more than one's account balance.

i think it best to use all that good money management stuff and find a system you can follow, then take most of your winnings off the table to buy something tangible before something bad happens.
realize the universe is one thing, and attach it to your body
  • #169
  • Nov 23, 2007 1:31pm Nov 23, 2007 1:31pm
A hint to trade carry pairs---follow the equity market & see this wk's COT report---remember, we had a huge correction last 2 wks---so, a nice retracement during next few wks should not be the surprise (in other words, all bad news fully priced in, unless some new catastrophe shows up--like, collapse of any big financial institution rather than few write offs)---a pre-christmas rally of all global indices till 1st 2 wks of Dec may bring smiles to Japanese MOF, housewives, etc--- ofcourse, I may be wrong---but there is always a SL somewhere down there!!
GL/GT
  • #170
  • Nov 23, 2007 1:33pm Nov 23, 2007 1:33pm
Quoting traderjai_inhi
Wow... I just lost all respect for the "1kt" status.
The criteria for 1kt is 1000 live trades. MysticGenie has been posting his trades for some time now, and this endeavor is congruent with what he has posted in the past. Trading in this manner would surely generate 1000 trades in a short time.
As far as possibility: This has been done before by others. It involves knowing you will likely fail in individual attempts, but using a small enough stake that the attempt can be repeated over and over.
Mystic has provided statements, charts, indicators and has answered evryone's questions. I see no reason that Mystic being vouched for should change anyone's opinion of 1kt.
  • #171
  • Nov 23, 2007 2:06pm Nov 23, 2007 2:06pm
Quoting mysticgenie
A hint to trade carry pairs---follow the equity market & see this wk's COT report---remember, we had a huge correction last 2 wks---so, a nice retracement during next few wks should not be the surprise (in other words, all bad news fully priced in, unless some new catastrophe shows up--like, collapse of any big financial institution rather than few write offs)---a pre-christmas rally of all global indices till 1st 2 wks of Dec may bring smiles to Japanese MOF, housewives, etc--- ofcourse, I may be wrong---but there is always a SL somewhere down there!!
GL/GT
What spread do you get on the GBP/JPY?
  • #172
  • Nov 23, 2007 2:26pm Nov 23, 2007 2:26pm
further to this, there is now considerable support with a very long-term 50% fib and some other failed lows.

Quoting mysticgenie
A hint to trade carry pairs---follow the equity market & see this wk's COT report---remember, we had a huge correction last 2 wks---so, a nice retracement during next few wks should not be the surprise (in other words, all bad news fully priced in, unless some new catastrophe shows up--like, collapse of any big financial institution rather than few write offs)---a pre-christmas rally of all global indices till 1st 2 wks of Dec may bring smiles to Japanese MOF, housewives, etc--- ofcourse, I may be wrong---but there is always a SL somewhere down there!!
GL/GT
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TRADE FOR SWAP
  • #173
  • Nov 23, 2007 3:59pm Nov 23, 2007 3:59pm
Quoting billflet
The criteria for 1kt is 1000 live trades. MysticGenie has been posting his trades for some time now, and this endeavor is congruent with what he has posted in the past. Trading in this manner would surely generate 1000 trades in a short time.
As far as possibility: This has been done before by others. It involves knowing you will likely fail in individual attempts, but using a small enough stake that the attempt can be repeated over and over.
Mystic has provided statements, charts, indicators and has answered evryone's questions. I see no reason that Mystic being vouched for should change anyone's opinion of 1kt.
Damn...

Do you believe it too?
and btw... 1kt is 1000 tradings experience. That doesn´t mean succesfull trading right?

Just a question..
Trainee at UBS Investment Banking
  • #174
  • Nov 23, 2007 4:51pm Nov 23, 2007 4:51pm
Quoting toshi
You wanna know what this is like ?

It reminds me of say having a group of people jump of a tall building
and one by one they plummet to their doom. Then one day,
a guy jumps off the very top of the same building,
waving to the crowd as he falls, even answers a text msg or two
on the way down and miraculously lands on his feet and walks to
the starbucks next door and orders a latte.

Then, we all look at each other and say, ".. I wonder if I can do that ?"

My advice: order the latte now, might be a good idea.

p.s. if it's frappuccino, go easy on the whip cream. You'll eventually weigh
more and although you really won't fall faster (google: gravity),
you'll make a bigger mess when you hit the ground.
yeah, ...but if he was a real man he would have had it black.
Minesweeper target: 284
  • #175
  • Nov 23, 2007 4:57pm Nov 23, 2007 4:57pm
Mysticgenie,

Since you are using FXCM, do you use their SSI data along with the COT report? Why or why not?

Jared
  • #176
  • Nov 23, 2007 6:50pm Nov 23, 2007 6:50pm
Quoting mike w
Why would you want to put yourself through that? This is just an honest question, as I am not here to bash on anyone or anything of that nature. My question is this; Why wouldn't you want to learn about the market and take the time to use the right money management strategies to be able to create a consistent living for yourself through the foreign exchange market? There is an incredible opportunity waiting for everyone who wants to take the time and learn it. Instead, I think, you are trying to beat the odds right now. It may work for a little while, but in the end will, most likely, only bring hardship to you.
Excellent post! I couldn't agree with the statement above more!

I think Mystic also emphasized early in the thread that his 1k account was a small aggressive trading acount and that he has another account that he trades w/proper MM rules. Mystic is not advocating that new traders try to aggressively trade -- but rather has posted his experience to show that people can make large pips quickly if they have a proven style that works for them (notice PROVEN). He is also an experienced trader who has studied the market for a long time and seems to have a good feel for what works for him. This thread was done to answer all those naesayers who say it is impossible to "win" the forex game -- and to show that the impossible is possible (but don't bet your house on it).

Lastly, this has been a strange week -- I saw this thread and thought "WOW! Good for you! So happy to see someone take 1% or so of their normal account and hit a home run!!...this was after seeing a guy at the blackjack table on Monday (I go gambling a couple times a year for fun) -- turn $200 into $5000 in 45 minutes (I've never seen that before -- possible yes, likely no -- oh, and he said he had done the same thing on Sunday and Saturday too!)....Also, saw a guy turn 1000K into 20,000K at a "house" hold-em game...and a woman win $45K on a slot machine! All these people had 1 thing in common (besides Luck) -- none were afraid of losing their initial stake b/c it was put aside specifically for "playing balls out" and wouldn't hurt them if it was lost. How many traders can say the same -- it won't hurt if it is lost? Wish I had the guts...I only turned my $100 into $450 playing $5 table over a few days....and had a lot of fun!!
  • #177
  • Nov 23, 2007 7:05pm Nov 23, 2007 7:05pm
Quoting expertshow
I Wont Mind Having This Strategy Of Yours.

What I Have Lose On Fx Is Damn Much.

I Need Recovering As Soon As Possible.

Gracias!
This is a post that says...Stop trading now!! Learn the basics, practice them over and over, demo trade until positive for a few months, then trade live with good MM....then you will become a profitable trader. The mindset of recovering large loss quickly is what causes traders to go broke! Especially traders who have never been consistently profitable!!
  • #178
  • Nov 23, 2007 7:10pm Nov 23, 2007 7:10pm
i turned 1k into 1 million within a week ! no bullshit
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  • #179
  • Nov 23, 2007 7:29pm Nov 23, 2007 7:29pm
Quoting kenari05
i turned 1k into 1 million within a week ! no bullshit

hey,,, if u hav any supporting document to show...

this is going 2b fun .... lol...

happy late thanks giving guys...
  • #180
  • Nov 23, 2007 7:40pm Nov 23, 2007 7:40pm
i turned 1million in to a billion within a year next year my goal is a trillion soon ill own forex
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