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Galations $150 to Infinity

  • Post #1
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  • First Post: Mar 9, 2009 3:35pm Mar 9, 2009 3:35pm
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
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
Quoting Infinity
You have $150 dollars for me?
lol, in your dreams mate UNLESS.... you're my best friend
Probability Professor
Quoting Galation
lol, in your dreams mate UNLESS.... you're my best friend
Patience + Discipline - Greed = Success
Mate, trading microlots?
Thank You
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.
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)
Best wishes from me. I'll keep on thumb press for you, always.
hi Tjpld, it's really nice of you

Quoting Tjpld
Best wishes from me. I'll keep on thumb press for you, always.
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
Quoting Tjpld
Best wishes from me. I'll keep on thumb press for you, always.
Nice one mate, you're a goodun.
Probability Professor
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.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 March 9th 2009 infinity.png Size: 25 KB
Probability Professor
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...
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
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.
Keep us updated mate. If you ever get to 100k, fly down here & I'll buy you a drink
Thank You
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
no, fly here & enjoy the sun. The big mac's on me
Thank You
  • Post #19
  • Quote
  • Last Post: Mar 10, 2009 9:17am Mar 10, 2009 9:17am
$100k then every of us have $1k if he can really do this thing. cheer
Rich is just a definition !
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