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$70 to 20K Sprint

  • #21
  • Sep 3, 2009 4:26pm Sep 3, 2009 4:26pm
Quoting hardforex
Congratulation my friend
your program and Discipline is very good
excusme my friend
How do I send Private Messages to you؟
have yahoo id?
thanks
--------------------------------
i send for you email
please read and answer me
very thanks

you can go to my profile and then send an email or private message.
or you can post your question here.

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #22
  • Sep 3, 2009 8:54pm Sep 3, 2009 8:54pm
Has a loss today. This bring my sprint to a quick halt.
Had a lot of $260.00.

Thank fully, I didn't loose my initial investment of $ 70.00 due to reduced position size.

Thank you all for following this journal.

Cheers
Garfield
Attached Image (click to enlarge)
Click to Enlarge Name: day 8.jpg Size: 24 KB
Trading is SIMPLE not EASY.
  • #23
  • Sep 3, 2009 11:41pm Sep 3, 2009 11:41pm
I sure hope you are not ending your journal? There is an old quote that has stuck with me for a wile "The Glory is not in never failing, but in rising every time you fail"

Now honestly I don't think you failed because one bad trade is not failure, but I think that is a good quote anyway.

So I am hoping that you continue this journal

Thanks

Jeremy
"More important than the quest for certainty is the quest for clarity"
  • #24
  • Sep 4, 2009 12:02am Sep 4, 2009 12:02am
Quoting garfield75
I have always wanted to see if it was possible to double or quadruple my account with a sprint approach.
I'm going to agree. You did double or quadruple your account... and with a quickness. And right now your account is up well over 50%. So, I would say it is not really blown.

Besides, the game is in very carefully putting on one trade during the day that is the best possible shot you could take that day. Sometimes these journals help to force that issue.

Ya had a couple good ones in there !!
  • #25
  • Sep 4, 2009 6:05pm Sep 4, 2009 6:05pm
I am going to continue trading and posting my trades here.

This time I am going to do a smaller sprint for 10 days. Bank half the profit and then continue further.

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #26
  • Sep 4, 2009 7:56pm Sep 4, 2009 7:56pm
Man,
Congratulations for this thread!

Nice to see that youŽll keep posting.

I have a Question:

How bad is the pressure behind each trade? I mean how do this "goal searching" affect your mind (psychology) and your decisions?
  • #27
  • Sep 5, 2009 12:17am Sep 5, 2009 12:17am
Quoting Rednose
Man,
Congratulations for this thread!

Nice to see that youŽll keep posting.

I have a Question:

How bad is the pressure behind each trade? I mean how do this "goal searching" affect your mind (psychology) and your decisions?
One of my main reason to try this sprint approach is to find out how much pressure I can handle. Rule to identify the trade with SL and TP are quite straight forward and easy to do. Challenge is to be able to put the trade when the $$ amount becomes big.
Risking $ 100 in a trade is not a problem for me as it is less than 1% of my trading capital. But not sure if I will be as calm putting in a 10K trade. That’s my purpose behind this sprint. At worst case it is going to cost me $100 of my money + all the profit to find out my breaking point it is worth a try.
I know this system has high success rate. I had 13 winning trades before I lost on 4th Sept. I have had only 5 losses so far since I started trading this system in June.
cheers
Garfield
Trading is SIMPLE not EASY.
  • #28
  • Sep 5, 2009 5:53am Sep 5, 2009 5:53am
Quoting garfield75
[color=black][font=Verdana]One of my main reason to try this sprint approach is to find out how much pressure I can handle....
You are totally right and I like the idea behind it.

Thank you for the answer.

  • #29
  • Sep 5, 2009 6:39am Sep 5, 2009 6:39am
I love it!!!!
thanks garfield
  • #30
  • Sep 5, 2009 10:26pm Sep 5, 2009 10:26pm
watching with great interest...please keep it up...Two years ago I took 2800 to 15K in 3 months...then blew the whole account on three bad trades...I'm back trading live...but it took a year of getting my self confidence back in check before I could start over again...when in reality it was money management is what I needed to figure out and get control of.....So nice to see this thread...I will watch with great interest....
  • #31
  • Edited 3:53am Sep 6, 2009 3:41am | Edited 3:53am
Quoting garfield75
Has a loss today. This bring my sprint to a quick halt.
Had a lot of $260.00.

Thank fully, I didn't loose my initial investment of $ 70.00 due to reduced position size.

Thank you all for following this journal.

Cheers
Garfield
That is a big loss, may be you should try stricter SL next time
Usually i use SL smaller than TP when trading on GJ, but i only trade when i'm really certain about the trend, and my target isn't only 20pips (mostly 100pips but sometimes i made 150~200 from a single trade within a day, if it was a bad decision i can still catch 30pips)

I hope you'll continue this journal and succeed

Btw, when i saw the thread title i thought your trading capital was only $70 LOL so that $70 is only 1%.
I was wondering how could anyone trade with only $70 capital ^_^ well it's possible but with very large leverage,
i did try to trade with only $2 deposit once (risking 10~30%), i made 150% net profit on my 1st day, 363% profit on my 2nd day, 84% profit on my 3rd day, and blew it all on my 4th day XD
  • #32
  • Last Post: Sep 6, 2009 3:58am Sep 6, 2009 3:58am
Quoting AdamN
That is a big loss, may be you should try stricter SL next time
Usually i use SL smaller than TP when trading on GJ, but i only trade when i'm really certain about the trend, and my target isn't only 20pips (mostly 100pips but sometimes i made 150~200 from a single trade within a day, if it was a bad decision i can still catch 30pips)

I hope you'll continue this journal and succeed

Btw, when i saw the thread title i thought your trading capital was only $70 LOL so that $70 is only 1%.
I was wondering how could anyone trade with only...

I trade GJ with system where the Risk Reward is 1:3 or 1:4 and can catch 150 to 200 pips easily and some time 300+ pips too within couple of days.

This journal will hopefully showcase it is possible to give a boost to ones trading capital following a system with high% of profitable trade. inital risk of $100 with 10 consecative wining trades can boost it to $ 3800.

It will also give me some insight into my trading psychology, which should help me in the long run.

Cheers
Garfield
Trading is SIMPLE not EASY.
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