Galations $150 to Infinity | Forex Factory

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Galations $150 to Infinity

  • #1
  • First Post: Mar 9, 2009 2:35pm Mar 9, 2009 2:35pm
I have just opened up another live trading account. I have put a simple $150 into this account.

This is the challenge: To see how high I can take this account, starting at $150 in 1 year. I will be trading this account with pretty much the same trades as my big account.

I will try to document everyday that I do trading in this account. Some days I wont be trading as I travel out of the country and do different things.
Probability Professor
  • #2
  • Mar 9, 2009 2:36pm Mar 9, 2009 2:36pm
Quoting Galation
I have just opened up another live trading account. I have put a simple $150 into this account.

This is the challenge: To see how high I can take this account, starting at $150 in 1 year. I will be trading this account with pretty much the same trades as my big account.

I will try to document everyday that I do trading in this account. Some days I wont be trading as I travel out of the country and do different things.
You have $150 dollars for me?
Patience + Discipline - Greed = Success
  • #3
  • Mar 9, 2009 2:37pm Mar 9, 2009 2:37pm
Quoting Infinity
You have $150 dollars for me?
lol, in your dreams mate UNLESS.... you're my best friend
Probability Professor
  • #4
  • Mar 9, 2009 2:40pm Mar 9, 2009 2:40pm
Quoting Galation
lol, in your dreams mate UNLESS.... you're my best friend
Patience + Discipline - Greed = Success
  • #5
  • Mar 9, 2009 3:00pm Mar 9, 2009 3:00pm
Mate, trading microlots?
Thank You
  • #6
  • Mar 9, 2009 3:06pm Mar 9, 2009 3:06pm
hi Galation:
we go public on same day. brothers fund hand~
http://www.forexfactory.com/showthread.php?t=156914

let's look after each other in this year. keep up good spirits.

Quoting Galation
I have just opened up another live trading account. I have put a simple $150 into this account.

This is the challenge: To see how high I can take this account, starting at $150 in 1 year. I will be trading this account with pretty much the same trades as my big account.

I will try to document everyday that I do trading in this account. Some days I wont be trading as I travel out of the country and do different things.
  • #7
  • Mar 9, 2009 3:09pm Mar 9, 2009 3:09pm
oh I just notice you have another boy 2 months older haha big brother then...

would you mind I put a link (maybe tomorrow) from my journal to your microlot journal? for some fun and bench-mark between same day baby

(I'm too safe to beat you I'm sure... just get some pressure for myself)
  • #8
  • Mar 9, 2009 3:12pm Mar 9, 2009 3:12pm
Best wishes from me. I'll keep on thumb press for you, always.
  • #9
  • Mar 9, 2009 3:18pm Mar 9, 2009 3:18pm
hi Tjpld, it's really nice of you

Quoting Tjpld
Best wishes from me. I'll keep on thumb press for you, always.
  • #10
  • Mar 9, 2009 3:25pm Mar 9, 2009 3:25pm
Quoting wormboy
Mate, trading microlots?
Yeah, microlots. The smallest lot value with the EUR/USD is 10 cents per pip. I believe the lowest value per pip trading the USD/NOK is 1.3 cents: I'm not 100% about the NOK as I've never traded it that small before.
Probability Professor
  • #11
  • Mar 9, 2009 3:28pm Mar 9, 2009 3:28pm
Quoting Tjpld
Best wishes from me. I'll keep on thumb press for you, always.
Nice one mate, you're a goodun.
Probability Professor
  • #12
  • Mar 9, 2009 6:18pm Mar 9, 2009 6:18pm
Okok, I placed some trades in this account on Friday, which were held over the weekend, and held all of today as well.

In terms of money management, I am being more risk-ay than I normally would as the account size is so tiny: However I more than understand the trap of over leveraging with no stop losses. Value per pip on each of my positions is approximately 16cents per pip. That is account equity / 1000 = value per pip (approximately). This is more risk than I would usually be taking.

The trades I places were based on both fundermental and technical analysis. Both pointed towards the same direction, therefore I took the trades.

In regards to the EUR/USD, I believe this is in a bearish configuration. I have expectations of a test of the 1.24xx area relativly soon, and potentiall 1.23xx. There could potentially be a hard bounce up to the 1.33xx area from there, but who knows: let the price tell the story and do the walking.

I'm holding all my positions over night. I am holding them as there is the potential for a big move down in the GBP/JPY and the GBP/USD. True, they may go up, but that is the risk/reward. I am expecting the USD/JPY to test the massive 100 level. If it break through there, price may potentially rise by one hundred or two hundred more pips.

I hope you're trading is going well.
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Probability Professor
  • #13
  • Mar 10, 2009 4:53am Mar 10, 2009 4:53am
cool. I see you're using a 1k$ microlot.

I added the friendly link from my journal to you.

nice strategy can I learn what is the market exit decision you're using?

http://www.forexfactory.com/showpost...92&postcount=6

Quoting Galation
Okok, I placed some trades in this account on Friday, which were held over the weekend, and held all of today as well.

In terms of money management, I am being more risk-ay than I normally would as the account size is so tiny: However I more than understand the trap of over leveraging with no stop losses. Value per pip on each of my positions is approximately 16cents per pip. That is account equity / 1000 = value per pip (approximately). This is more risk than I would usually be taking.

The trades I places were based on...
  • #14
  • Mar 10, 2009 6:09am Mar 10, 2009 6:09am
Quoting billye
cool. I see you're using a 1k$ microlot.

I added the friendly link from my journal to you.

nice strategy can I learn what is the market exit decision you're using?

http://www.forexfactory.com/showpost...92&postcount=6
Hi Billye,

It's pretty much just following the trend until I think it has bottomed out. I'm not going to limit myself and say I'm definitely going to get out at this area, when there could be a lot more movement in my direction. It's just a matter of seeing what price action is doing, where price action closes for the day, looking at the fundermentals, support and resistamce levels and market sentiment.

I like to trade less to be honest, instead of getting in and out all the time.
Probability Professor
  • #15
  • Mar 10, 2009 6:36am Mar 10, 2009 6:36am
cool. sounds like a stock strategy. I have not mastered how to do it in forex yet. market seems so violatile here. and with a leverage I don't dare to stay for long.
  • #16
  • Mar 10, 2009 6:46am Mar 10, 2009 6:46am
Keep us updated mate. If you ever get to 100k, fly down here & I'll buy you a drink
Thank You
  • #17
  • Mar 10, 2009 7:01am Mar 10, 2009 7:01am
Quoting wormboy
Keep us updated mate. If you ever get to 100k, fly down here & I'll buy you a drink
Lol, if I made 100K from this $150 I'd even buy you a Big Mac meal (super sized of course): It would be the best Big Mac of your life
Probability Professor
  • #18
  • Mar 10, 2009 7:04am Mar 10, 2009 7:04am
no, fly here & enjoy the sun. The big mac's on me
Thank You
  • #19
  • Last Post: Mar 10, 2009 8:17am Mar 10, 2009 8:17am
$100k then every of us have $1k if he can really do this thing. cheer
Rich is just a definition !
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