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Too Lucky?

  • #1
  • First Post: Dec 16, 2008 5:42pm Dec 16, 2008 5:42pm
Ok... So three weeks ago, I opened up a demo trading account, With $5000. Checked long term trend, entered with a large stop loss based on technicals, risking 2%. I took profits once, moved up stop loss to breakeven, took it again, moved it up to profits only now. Then I just let the rest run, checking once a week between tues-thurs. I'm now up to $20,000. It CAN'T be this easy can it?
  • #2
  • Dec 16, 2008 5:52pm Dec 16, 2008 5:52pm
Only one way to find out...

Seriously though, you could always throw together $1000 and open a small mini account to get your feet wet.
  • #3
  • Dec 16, 2008 6:00pm Dec 16, 2008 6:00pm
Very true. Will be my new years resolution to. now on to find a bleepin broker.
  • #4
  • Dec 16, 2008 6:45pm Dec 16, 2008 6:45pm
Quoting ch33z3
Ok... So three weeks ago, I opened up a demo trading account, With $5000. Checked long term trend, entered with a large stop loss based on technicals, risking 2%. I took profits once, moved up stop loss to breakeven, took it again, moved it up to profits only now. Then I just let the rest run, checking once a week between tues-thurs. I'm now up to $20,000. It CAN'T be this easy can it?
And if your prediction is correct as per current market moving. it is that easy.

the difficult time will come when market is moving away from your prediction.
  • #5
  • Dec 16, 2008 7:05pm Dec 16, 2008 7:05pm
Quoting ch33z3
Ok... So three weeks ago, I opened up a demo trading account, With $5000. Checked long term trend, entered with a large stop loss based on technicals, risking 2%. I took profits once, moved up stop loss to breakeven, took it again, moved it up to profits only now. Then I just let the rest run, checking once a week between tues-thurs. I'm now up to $20,000. It CAN'T be this easy can it?
Is there any mistake with your math? It's hard to believe someone could achieve such a extraordinary result in the very short period.
Trading is the game of fear and greed.
  • #6
  • Last Post: Dec 17, 2008 9:28am Dec 17, 2008 9:28am
Yea. Forgot to mention something. I guess its crucial to achieve those gains. Each week, I opened new positions in same direction after a retracement. Letting the previous profits cover the stop loss. So that if both orders reverse on me, I'd still be in the green. Then I'd let it both run. So in three weeks, I'd have 3 opened orders. System is based on 8, 21, 50, and 200 ema's. Entering on 8, 21 crossovers, or a retracement to the 8ema.
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