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Fx_Genius, Turning $300 to 100K – Testing System 42

  • #41
  • Mar 6, 2008 8:48pm Mar 6, 2008 8:48pm
This sounds similar to the $300 to $30,000 in six months .pdf that I ran across a while back...

Step 1 $300 to $399 trade 1 mini lot 100 pips
Step 2 $400 to $599 trade 2 mini lots 100 pips
Step 3 $600 to $899 trade 3 mini lots 100 pips
Step 4 $900 to $1299 trade 4 mini lots 100 pips
Step 5 $1300 to $1999 trade 5 mini lots 140 pips
Step 6 $2000 to $2999 trade 6 mini lots 166 pips
Step 7 $3000 to $4499 trade 7 mini lots 214 pips
Step 8 $4500 to $6999 trade 8 mini lots 312 pips
Step 9 $7000 to $9999 trade 9 mini lots 333 pips
Step 10 $10,000 to $14,999 trade 1 regular lot 500 pips
Step 11 $15,000 to $19,999 trade 2 regular lots 250 pips
Step 12 $20,000 to $29,999 trade 3 regular lots 333 pips
Attached File(s)
File Type: pdf Turn $300 Into $30,000.pdf   116 KB | 11,648 downloads
  • #42
  • Mar 6, 2008 9:05pm Mar 6, 2008 9:05pm
Quoting johnedoe
Welcome to the club via the rites and initiation......
Seems like this happens to everyone when they go live, hang in there it comess back.
Thanks for the greeting and support, I expected I would have some losses in trading but I didn't think it would be this soon and so big % wise. I sure picked a hellofa time to go live huh?
  • #43
  • Mar 6, 2008 9:13pm Mar 6, 2008 9:13pm
Quoting Aad
This sounds similar to the $300 to $30,000 in six months .pdf that I ran across a while back...
Similar but mine is structured on daily % gain in small bites with less risk. The $300 to $30k seems like the risk is much higher margin wise. A $100 account running 10k trades? Must be figuring on 100:1 or higher margin. I have a now $200+ account and am only trading 4k at 50:1. They do follow a similar path and have an exponential growth near the end.
  • #44
  • Mar 6, 2008 9:55pm Mar 6, 2008 9:55pm
Quoting Fx_Genius
Similar but mine is structured on daily % gain in small bites with less risk. The $300 to $30k seems like the risk is much higher margin wise. A $100 account running 10k trades? Must be figuring on 100:1 or higher margin. I have a now $200+ account and am only trading 4k at 50:1. They do follow a similar path and have an exponential growth near the end.

Yes, you are correct the one I posted uses 100:1 margin so for the first mini lot (10K) that would be a 30% risk on a $300 account. Of course such a strategy would be meant as a wild experiment and no where near a conservative trading approach but more of a $300 contest. Now if only this was doable in around 25 trading days, if one were to follow the Daily chart + the 200EMA trend and used OzFx daily signals to earn around +100 pips per trade, he he.

Step | ACC. Balance | Lot(s) | Pips Per Step | Acc. Risk | Days Traded

 Step 1 | $300 to $399 | Trade 1 Mini Lot (10,000) | 100 | 33.3% | 1
Step 2 | $400 to $599 | Trade 2 Mini Lots (20,000) | 100 | 50.0% | 1
Step 3 | $600 to $899 | Trade 3 Mini Lots (30,000) | 100 | 50.0% | 1
Step 4 | $900 to $1,299 | Trade 4 Mini Lots (40,000) | 100 | 44.4% | 1
Step 5 | $1,300 to $1,999 | Trade 5 Mini Lots (50,000) | 140 | 38.5% | 2
Step 6 | $2,000 to $2,999 | Trade 6 Mini Lots (60,000) | 166 | 30.0% | 2
Step 7 | $3,000 to $4,499 | Trade 7 Mini Lots (70,000) | 214 | 23.3% | 2
Step 8 | $4,500 to $6,999 | Trade 8 Mini Lots (80,000) | 312 | 17.7% | 3
Step 9 | $7,000 to $9,999 | Trade 9 Mini Lots (90,000) | 333 | 12.9% | 3
Step 10 | $10,000 to $14,999 | Trade 1 Regular Lot (100,000) | 500 | 10.0% | 4
Step 12 | $15,000 to $19,999 | Trade 2 Regular Lots (200,000) | 250 | 13.3% | 2
Step 13 | $20,000 to $29,999 | Trade 3 Regular Lots (300,000) | 333 | 15.0% | 3

Total Pips Earned = 2,648 | Days Traded = 25 | Acc. Increase = 10,000%...LOL!

Anyways I don't mean to disrupt your thread so I'll move on now, and good luck with your test...
  • #45
  • Mar 13, 2008 7:30pm Mar 13, 2008 7:30pm
Quoting Aad
Anyways I don't mean to disrupt your thread so I'll move on now, and good luck with your test...
Aad & everyone else, comments and constructive criticism are always welcome here! Also this is not a test, it's live and dangerous! To me.

It's been a while since last post, took a breather and looked for better signals for trading the E/U. Also been trading other pairs that seem to run more consistent trends. I think I have found them! Been trading small and making pips and only 1 loss for $3.xx. The road back might take a little longer than I thought but I'm making better trades. I'm still down from the start but bouncing back. Expect the next update when you see it.
  • #46
  • Mar 14, 2008 7:43pm Mar 14, 2008 7:43pm
Quoting Fx_Genius
Aad & everyone else, comments and constructive criticism are always welcome here! Also this is not a test, it's live and dangerous! To me.

It's been a while since last post, took a breather and looked for better signals for trading the E/U. Also been trading other pairs that seem to run more consistent trends. I think I have found them! Been trading small and making pips and only 1 loss for $3.xx. The road back might take a little longer than I thought but I'm making better trades. I'm still down from the start but bouncing back. Expect the next update when you see it.
Hey genius,

Glad to see you keeping up with it man! The winners are the ones that never give up; so you're doing the right thing. Keep in mind that since you lost ~30% you are going to need to earn ~43% to get back to where you started. This is the dangerous thing about using high risk. You seem like what you know what you are doing however, and I look forward to the next update.

Best of luck,

Kevin
  • #47
  • Apr 26, 2008 10:56pm Apr 26, 2008 10:56pm
What Kevin doesn't mention is that continuing to trade, you can lose everything. Don't kid yourself with reality.

Quoting kharvell
The winners are the ones that never give up; so you're doing the right thing.
  • #48
  • Apr 27, 2008 1:38am Apr 27, 2008 1:38am
Your idea is great, its different from what I did to make my $50,000 demo acoount into over $400,000 in February. Anyway I ve seen that you can do it even better than you said. Cheers
{Promotion Removed}
  • #49
  • Apr 27, 2008 7:39am Apr 27, 2008 7:39am
Quoting tdion
What Kevin doesn't mention is that continuing to trade, you can lose everything. Don't kid yourself with reality.
Tdion, I do continue to trade and many things have changes in my style.
1) No more over trading, I was.
2) Limiting loss per trade to ~2%
3) Follow the trend, I wasn't

I may be down but I'm not out, it may take time but I will get it back!

Quote
Your idea is great, its different from what I did to make my $50,000 demo acoount into over $400,000 in February. Anyway I ve seen that you can do it even better than you said. Cheers

rugbygee, what I have realized missing here is a way to trade to make the % of profit. And trust me, demo and live are 2 very different things.
  • #50
  • Apr 27, 2008 9:15am Apr 27, 2008 9:15am
Dude dont you dare give up, winners never quit. We all get bashed at first
and you must stay in the game or go home. I bashed a couple accounts and now I make money. DO NOT QUIT.
  • #51
  • Apr 27, 2008 9:59am Apr 27, 2008 9:59am
Quoting NoBread
Dude dont you dare give up, winners never quit. We all get bashed at first
and you must stay in the game or go home. I bashed a couple accounts and now I make money. DO NOT QUIT.
I have never quit this forex thing, just took some time out to evaluate what went wrong and what was required to get it right. These are very rough times, especially for new traders to even try to attempt to predict what will happen in the next hour let alone the next week.

Rebuilding an account, properly, will take me a while. When I get back on my forex feet, System 42 will continue.
  • #52
  • Apr 27, 2008 11:38am Apr 27, 2008 11:38am
Quoting Fx_Genius
Tdion, I do continue to trade and many things have changes in my style.
1) No more over trading, I was.
2) Limiting loss per trade to ~2%
3) Follow the trend, I wasn't
From http://forexfactory.com/showpost.php...2&postcount=52
We have a question
Quote
But could someone explain why it is not possible to turn $300 into $100k in a year?this doesn't mean that I have not done my due diligence in MM, Risk and a solid trading system I may be a "Noob" but that has been worked to death in demo accounts, read every book I could get my hands on and spent hours going over forums, charts and a truck load of back data.
We have an answer
Quote
what I have realized missing here is a way to trade to make the % of profit. And trust me, demo and live are 2 very different things.
It's always interesting to see how, with time, people become able to answer their own question(s)


Quote
this is not a test, it's live and dangerous! To me.
vs

http://forexfactory.com/showpost.php...3&postcount=59
Quote
Remember, trading is an emotionless activity, and money is only an instrument for exchange and nothing more. There are plenty of things to exchange, we decide to trade currency.
It's also been interesting to see the move from those words to these, simply as a learning experience, as an observer.

What I found a bit contradictory back then was saying
Quote
I don't "Really" know how I will react with a live account.
and then saying
Quote
Sorry, I don't do humble. But that doesn't mean I don't respect those who have been trading live or even making a living at it. Yes, you are right about most noob's not making it to 3 months or more because they try a demo that isn't even close to what they will really open, try to trade like they did in the demo and ^Poof^, money's gone. My demo's are just as I will be starting my account.
from http://forexfactory.com/showpost.php...7&postcount=63

You basically went from "I'm just human" to "I can do anything" within paragraphs

Just made me wonder.

IMHO you've got a great chance to compare yourself now to back then, see what's different, WHY it is different, what this tells you about yourself, the market, trading...and what you may or not take from it

I really like this "case" as it's a perfect illustration of the "hah! why not!" theory that many have, usually with the reaction of others trying to explain carefully that it's not impossible, just improbable, and then seeing the "oh, so THAT'S reality" development, and that what people posted in words isn't that far off(from reality) after all.

Again, I feel there's a lot you can get from all this for yourself if you use it right. How and what is yours.
Trust price. Know yourself.
  • #53
  • Last Post: Sep 20, 2008 8:10am Sep 20, 2008 8:10am
so, what happen here?
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