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$500 Project

  • #1
  • First Post: Edited Sep 15, 2009 3:15am Sep 13, 2009 10:33pm | Edited Sep 15, 2009 3:15am
Hi all, I decided to post my tradings here at FF.

I'm currently working on the $500 project.

My target is $10,000 and more if this goes well.

I only trade GBPUSD, with my own money management.

This is going to be a slow, boring thread, but I'm serious about my project.

This thread is going to be just for my project records. (Not a discussion thread of trading system, risk management, tps or sls, ... etc)
  • #2
  • Sep 15, 2009 2:22am Sep 15, 2009 2:22am
I'm in buy with you
  • #3
  • Sep 15, 2009 3:13am Sep 15, 2009 3:13am
Hi, Tunera

I checked out ur profile and saw those comments about writing down about the positions on the forum. I think you are right. I will just post my balance graph from now on. Anyways, thanks for replying to my thread.
Hope our buy turns out well.
  • #4
  • Sep 15, 2009 3:32am Sep 15, 2009 3:32am
Quoting The K
This is going to be a slow, boring thread, but I'm serious about my project.
Slow and boring is good. Wish you all the best.
  • #5
  • Sep 15, 2009 3:44am Sep 15, 2009 3:44am
Thank you sir. I'll try my best. Hope you have a great trading week too.
  • #6
  • Sep 15, 2009 4:48pm Sep 15, 2009 4:48pm
Due to the fall of GBPUSD yesterday, there also was a sudden fall in my balance.
This is the biggest loss I have ever had since Sept.1, but its still manageable. There are still a lot of chances out there!
Attached Image (click to enlarge)
Click to Enlarge Name: balance.JPG Size: 28 KB
  • #7
  • Sep 18, 2009 12:10pm Sep 18, 2009 12:10pm
Back to $800 level.
A lot of whipsaws this week, ending with a huge downside move. Recovered from the last drawdown, and +$100 for this week!
Attached Image (click to enlarge)
Click to Enlarge Name: balance.JPG Size: 29 KB
  • #8
  • Sep 22, 2009 8:48pm Sep 22, 2009 8:48pm
Money management wise, how are you trading this $500 project?
(units/lots/# of traded positions, TP, SL, etc)
Good Luck!
  • #9
  • Sep 23, 2009 10:37am Sep 23, 2009 10:37am
Quoting supremeChaos
Money management wise, how are you trading this $500 project?
(units/lots/# of traded positions, TP, SL, etc)
Good Luck!
Hello, thank you for visiting my thread! =)
I don't really have a certain trading set.
I trade about 5~20% of equity, and trying to reduce it to about 5~10% as the equity grows. Unit/lot wise, 0.1~0.2 lots for now.
Im a swing trader, so I only trade like 3~5 times per week.
For TP/SL, they range around 10~70. I just stop or take profit when I think the trend is over.
Everything ranges, thats why I wrote that Im not writing my SL/TPs and etc. This might look ambiguous, and random, but its just my way of trading.
Hope you have a great trading week!
  • #10
  • Sep 23, 2009 1:27pm Sep 23, 2009 1:27pm
I'm glad to see this thread. I'm also going soon to start similar project with $ 500 account. I'm waiting for info about the progress and I wish you achieve your target without any stress;]
cheers
siem
bOOm!
  • #11
  • Sep 23, 2009 2:01pm Sep 23, 2009 2:01pm
Quoting siem
I'm glad to see this thread. I'm also going soon to start similar project with $ 500 account. I'm waiting for info about the progress and I wish you achieve your target without any stress;]
cheers
siem
Thank you Siem!
Glad we are gonna be on the same project. =)
Lets show these big guys that we can do it too!
I have a buy and still holding it. I will post my progress when I close this trade.
Thanks for visiting!
  • #12
  • Sep 23, 2009 4:28pm Sep 23, 2009 4:28pm
Another great trade, and now my balance is just little bit below 1000.
But not sure what's happening now... I thought GPB would shoot up after the FOMC statement. Anyways, closing with a profit is always good.
Attached Image (click to enlarge)
Click to Enlarge Name: balance.JPG Size: 29 KB
  • #13
  • Edited 12:08am Sep 28, 2009 12:07am | Edited 12:08am
Finally, the forex market is open again. =)
Life is less interesting without the charts moving around.
GBPUSD is still on the freefall, which is almost scary...
I am still holding on to my sell from few days ago... and currently running at around 500pips.
This is much better than I thought it would be.
I was expecting around 50% per month, but my target for next month is already reached now.
Have a great trading week everybody!
  • #14
  • Sep 28, 2009 4:26am Sep 28, 2009 4:26am
your account accelerates as fast as f1, I'm impressed that it's so quickly (I expected, what I hoping to see also during my project, to see avarage about 50% per month;]). Hold so on, good luck during these week and a lot of pips!
cheers
siem
bOOm!
  • #15
  • Sep 28, 2009 10:59pm Sep 28, 2009 10:59pm
Quoting siem
your account accelerates as fast as f1, I'm impressed that it's so quickly (I expected, what I hoping to see also during my project, to see avarage about 50% per month;]). Hold so on, good luck during these week and a lot of pips!
cheers
siem
Haha, thank you. Did you start your project yet? We maybe have a lot of things in common. =) Im also amazed by this. Even 50% sounds crazy but this month was really great. =) I enjoy this unpredicted profit but hope things will be more gradual but smooth in the future. Hope u earn lots of pips! =)
  • #16
  • Sep 28, 2009 11:03pm Sep 28, 2009 11:03pm
Huge increase in the account...
Little bit surprised, but not crazy excited!
Anyways more balance to grow
Attached Image (click to enlarge)
Click to Enlarge Name: balance.JPG Size: 29 KB
  • #17
  • Sep 29, 2009 5:48am Sep 29, 2009 5:48am
I'm planning to start my project in january, because I want to adjust ideally my strategy. Probably at the beginning I'll be playing on even smaller lots size than you (0.05). When I'm looking at your progress I hope that we have a lot in common in terms of our projects;]. Maybe one day we'll talk about it during a break between making pips
cheers
siem
bOOm!
  • #18
  • Oct 2, 2009 11:46pm Oct 2, 2009 11:46pm
Quoting siem
I'm planning to start my project in january, because I want to adjust ideally my strategy. Probably at the beginning I'll be playing on even smaller lots size than you (0.05). When I'm looking at your progress I hope that we have a lot in common in terms of our projects;]. Maybe one day we'll talk about it during a break between making pips
cheers
siem
0.05 lot sounds like a better money management. My broker starts from 0.1 lots. I still enter with 0.1lot, when my balance reaches 2000, then im gonna go with 0.2. This week was really slow and boring, without a clear trend. Hope your strategy is working out well. Lets see how next week plays out.
  • #19
  • Oct 2, 2009 11:52pm Oct 2, 2009 11:52pm
September : around + 1000pips

I would have satisfied with 500pips for this month, but the GBP gave me far more pips.
I thought there might be some great chances in this last week of September but, I guess the big guys are just not interested. Anyways, now my balance is just a little bit over 1500. Hope October is can be another profitable month!
Attached Image (click to enlarge)
Click to Enlarge Name: balance.JPG Size: 29 KB
  • #20
  • Oct 3, 2009 1:16pm Oct 3, 2009 1:16pm
Great curve The K.

Do you mind share your approach to get this kind of curve? eg. Your strategy
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