Get millions or commit suicide!

Man, I read the whole thread.
Good thing it was only 2 pages!! Johnedoe,.... you and I live in the suicide capital of the world (Pac NW), I'll be moving along now!! Cheers

Greeting Price, I live about 4 hours to the east of ya....
Happy holidays.

That's the weirdest thread title yet. So I created the weirdest motivational poster yet to go with it.

http://i41.tinypic.com/6em6p1.jpg

There are craps tables in Vegas. Perhaps your bets there would be more worthwhile, at least you'll have a crowd around you cheering you on and free drinks! (Instead of sitting home alone at your computer)

Good Luck to you, I hope you make a little money at first, then stop.

ha ha ha ha, that's great!

You have to be an innovator. You have to be brave. You have to be intelligent. And this can be done.

Trade something similar to this, use a suicide stop loss or overleverage and aim for 100% profit. When you get it, cut it from your account. Then continue to trade the account. You may find that you can make 200% before blowing up.

This system works because you have a built in stop loss which is the margin call or the end of your account. You have infinite profit, but YOU HAVE TO CUT THE PROFIT OUT OF THE ACCOUNT AFTERWARD. So basically, this is not a failing method.

You still need to make wise decisions folks. But this trading style can and has been done. As a matter of fact, I know someone who uses it successfully and is bashed constantly. Think he cares? He's an innovator.

I've opened an account with 500$ and I started with 2500 units. Every 100$, I raise the trade size by 500 units. Three and a half week later, I'm now at 800, trading 4000 units. If I can keep going at this rate, I'll be around 10 000$ after 6 months.

It will be hard and will require a lot of discipline, but as for now, it's a pretty fun adventure!

So I hope to be able to follow your journey and maybe we can help each other out!

Instead, just post some daily/weekly upadtes on your account and some info about the biggest trades you've taken (win or loss).

Since this thread is being revived, I plan on following it very closely.

I pledge the send the winner a $100 gift certificate to Amazon.com.

Conversely, the loser will get a copy of Final Exit to help accomplish the ultimate goal.

I've thought about trying a strategy like this as a side project, one which is run parallel to my daily s/r trades, but with a different broker, possibly Alpari's 700:1
just to "get it out of my system"... kill the curious cat you know...

or maybe ill just keep the money in my oanda account with disciplined money management rules.

What is being proposed is a MM strategy, and nothing more. It is about the most extreme MM strategy one could employ.

What matters is the strategy one employs to enter and exit trades. Just be right. Do not be wrong. If your trade calls are correct, you will see your account grow in a spectacular fashion. If wrong, you wipe out. The MM strategy is the easy part. Being right on your trade calls....not so easy. What if you made 10 bad trade calls in a row? How would 10 margin calls in a row make you feel? For this type of all-in strategy, you had better be damn certain before you hit that order button. Even if your trade decsions produce 90% winners, that is not enough. You will eventually hit a string of multiple losses.

If this is for fun, then that is ok. If you have a certain dollar figure you are hoping to attain and then quit....then that is possible. Not very likley, but possible. If this is a MM strategy that you wish to employ over a long time horizion... virtually impossible.

Regards,

agree. I could see this working for some period of time. Everyone has had a moment where they just know, absolutely know, that they have the best probability on a trade they will every find. People with set trading systems find that one scenario where they push the order button outside of their plan because they see an easy opportunity.

I've had these moments. Anyway, I believe someone using this strategy will make a big chunk of money and lose it. Once you make it, you'll have it to lose, then you'll enjoy the rush too much and press the button at the wrong time... thus human nature will take it's course.

The hungry act with caution and strike when necessary, unwilling to expend any resources unless it is sure to end in a kill. Once you have a sum of money, you'll no longer act in your best interest.

After all is settled, you'll likely realize why trading a system and forcing it down your own throat is the right way to go. It keeps you in bounds and acting sensibly in all given scenarios.

if you did this and it worked, you could pride yourself in being the least emotional trader on the face of the planet. Your wife would have left you long ago, your house would be spotless and your friends would describe you as being, a robot.