Go Kimi !!!

Do you like to gamble Kimi?
Because that seems to be your take on FX trading....... if you like to gamble save it for the casino's.
FX is a business, and should be treated as such.

GO kimi !!!
You can have your account never blown up, skip the environs, see how big the knowledge is power? make it happen and prove it for the rest
Keep it up HOT and profitable, mld

Well--it's possible, provided you do not overtrade & only take high probability trades---my fellow traders already mentioned the high risks of this kind of trading which I fully agree with---but, if you can afford to lose 500 USD without any qualms, I think it's worth taking the risk---afterall, anything is possible in forex---you can also see my thread---

http://www.forexfactory.com/showthread.php?t=56670

Best of luck w/ your trading,

I wish you the best man! I'll be interested to know how it turns out for you. I truly hope you are successful.

I'm not one to give advice or knock on what you want to do. I think you are extremely brave for posting your idea and opening yourself up for criticism.

Good luck!

possible but highly unlikely....just to reiterate what most have said.....wy not risk less my friend....risk 2% per trade...at least it will keep u in the game longer....u already had 4 harsh lessons...do u really want a 5th....what r u doing different this time? have u learnt anything from the last 4 times?
u're 1st priority should be to preserve your capital....so y don't' u make that u're goal....try to preserve the 500$ for 3 months...it sure will teach u alot....
anyway good luck...

Since you are so adamant about it and seem to understand the worst scenario, carry on and very best of luck . I'm interested to see the what will happen next. But i have a suggestion, keep your 20% risk but per day not per trade. the 20% split it up to 4 or 5 trades and go with your daily plan. with this i think it should have enough steroid for the account to grow.

peace

My no 5 live account will be ready tommorrow...
Good luck myself

how's it going so far kimi?

q

me too

Stop throwing away your money and start doing some demo trading.

Maybe one day you will realize that in all of the history of trading there is NOBODY who takes that much risk and is still around after some time passes.

NOBODY.

How much money did you put into the other accounts? Would like to help if I can so the more info the better.

Started on THU 03/01

After much thought I started by risking 10% only = USD 50

THU 03/12

GJ Buy 12.5USD @ 215.77 SL 75pips(including 17pips spread) TP @ 216.42
made profit 12.5USD
UCAD Buy 12.5USD @ 0.9945 SL 30pips(including 8pips spread) TP @ 0.9963
MAde profit 7.53USD
UCAD Sell 12.5USD @ 0.9939 SL 30pips(including 8pips spread) TP @ 0.9919
made profit 8.24USD
UJ Buy 12.5USD @ 109.57 SL 50pips(including 8pips spread) Close @ 109.32
Lost 6.4USD

Good start myself

1st live account on 03/08 USD 500 - I blow it during GJ made a dive during london session to 219 somewhere mid august..
During this time I don't even know what is Long(buy) or Short(sell)..

People always said PLAN - DO - REVIEW then PLAN - DO - REVIEW again and again but me during this first blown account are PLAN - DO - REVENGE

2nd live account are USD 250 - I blow it 4 days after open it..( that was the revenge effect )

3rd live account are USD 50 - it too me quite long 2 weeks with almost 60trades on it but same results blow it again..

4th live account I open on mid Sept are USD 25 and this account last until end OCT and blown due to crazy UCAD ( maybe crazy me ).
It grow up to USD 1200 with about 100++ trades on it...


So Nov & Dec I decided to do some reading and demoing..


There it goes my 4 live account...

If nothing else, I like your attitude and your honesty.

My progress as of 04/01

today I'm way out of the strategy that I suppose to follow..
Lucky me..

I think GU will reach bottom 1.9675 support

After 2 weeks started back Live trade..My equity are down back to earth..
From USD 500 now just left USD 250..
I realize my strategy (MA) isn't working very well on LIVE trade or maybe myself..
I need to overhaul myself and most important for me is my trading system..

So ,started this Monday I will use 2 trading system/strategy..

Main strategy will be base on 1HR chart with 3MA act as support and resistance ( 100SMA,50EMA & 5SMA )
Supplement strategy purely from AUSLANCO 15min Strategy.( 5SMA, Lever stop Reverse V1 , QQE 60 & 5 ,Daily 5SMA ,1HR 100SMA )

My target by 1st Feb my equity can touch USD 1000..Per trade target still 25% profit..

Starting capital would be 20% from current equity = USD 50

Good Luck myself

Do you know the difference between stupidity and ingnorance?
You choose!

God damn. You should have learned after you 3rd account.
Your strategy does not suck your MM does.
But hey we need people like you so the few profitable traders can make more money.
Next time you make a trade tell me so I can take away your money.

If you continue to trade, someday you'll have to surrender to proper MM and reasonable expectancy. Those are the facts-- take 'em or leave 'em. No offense intended but this road has been traveled many, many times. If you have to blow a dozen $500 accounts to reach a $1000 goal, then what is the point?

Good Luck on your journey
Bill

I wonder if he is already broke.