Direct-trade £20k to £200k.

Part II: £20,000-£200,000.

Hi, this is a continuation from my previous journal of taking a real account from £2,000 - £20,000 here:

http://www.forexfactory.com/showthread.php?t=156480

You need a minimum of 1 vouch to post in this thread, this stops the thread being cluttered to a certain extent.


I am now going to take the account balance from £20K to £200k within a period of 12 to 24 months.

My main accounts are with various ECN's, but for this challenge and transparency I am using Oanda.

The account details/deposits/withdrawals/profit and loss/growth etc are updated directly from the Oanda server by the FXBook servers on a daily basis and are available to view at anytime here:

http://www.myfxbook.com/members/DirectTrade


There can be no falsifying of results.

Their website states in the FAQ section:

"Is it possible that someone's trading activity is fake?"

Since Oanda accounts are analyzed by connecting directly to Oanda's servers, Oanda accounts are verified.

This is not a trading system journal, the trades will not be discussed. This account is traded very differently from my main accounts, details of previous and current trades (which I trade using my main accounts) can be found in the following threads:

G/U, G/U, U/J Trading.

Cable Update (GBP/USD)

So, you are not going to post actual trades everyday in this trading journal? Why not?

I will only post a daily Profit/Loss statement each day in this thread and I wish to keep a journal of my thoughts as the account progresses, how I increase and decrease risk exposure depending on the equity curve performance. I will also discuss my trading psychology, how I am affected by bad market conditions, the highs and lows, warts and all.

I wish to look back on this thread in a year or two and read how I have progressed..or not progressed lol. Although I have been trading for nearly 5 years (now full time trading from home), I still seek to learn from others and myself on a daily basis.

Accounts:

I am using 2 sub accounts, this enables me to utilise both European and New York sessions whilst trading both Long and Short positions in both sessions. I do not hedge.

DirectTrade 1: Starting Balance £10,197.45 on October 19th 2009.

DirectTrade 2: Starting Balance £10,135.78 on October 19th 2009.

Last 24Hrs trading results:

Direct Trade Account 1:

Gain: +2.09%
Balance: £10410.68
Profit: £213.24

Direct Trade Account 2:

Gain: +9.46%
Balance: £11,092.56
Profit: £958.83

Click here for verified detailed analysis/breakdown/stats:

http://www.myfxbook.com/members/DirectTrade

Good luck man. It can definitely be done, ignore the haters.

Thankyou for your kind words GulfCoastPip, much appreciated.

Happy trades to you

Nice trading - go for it!
Keep posting your reasoning, I always learn something from your posts.
Nicola

I have seen your fantastic and excellent performence from 2k to 20k!
Now let us watching how you achieve this new challenging target!
Thanks many times for sharing your trading thought and psychology !

Sweet.... Good luck.


Love to hear about success stories so hope this is another.

All the best and good trading


Brad

Looking good so far!

Good luck and I hope you make it!

Elitejets, iForex, Ozzie Taz and Wilkinson..thankyou for your comments. Hopefully this should prove to be an interesting Journal over the next year or two.

Today no trades were taken during the Asia/London session in account Direct Trade 1. However, account Direct Trade 2 has been increased during NY by a further 5% today to a total of 14%.


Current trading results:

Direct Trade Account 1:

Gain: +2.09%
Balance: £10410.68
Profit: £213.24

Direct Trade Account 2:

Gain: +14.29%
Balance: £11,582.44
Profit: £1448.65

Total Profit Since October 20th 2009: +£1661.89
Total Gain: +16.38%

Click here for complete verified detailed analysis/breakdown/stats:

http://www.myfxbook.com/members/DirectTrade

Congrats!

DT Good to see it brother. I'm betting closer to the 12 months for ya bud..

I'll follow along.

Cheers Chris, hope you are well bro, good to see you and thanks for the support, 12 months would be good, lets see if the market behaves lol.

Happy trades to you mate

Current trading results October 20th - October 22nd:

Direct Trade Account 1:

Gain: +4.08%
Balance: £10613.69
Profit: £416.21

Direct Trade Account 2:

Gain: +18.97%
Balance: £12,056.55
Profit: £1923.18

Total Profit Since October 20th 2009: +£2339.39
Total Gain: +23.05%

Click here for complete verified detailed analysis/breakdown/stats:

http://www.myfxbook.com/members/DirectTrade

Current trading results October 20th - October 23nd:

Direct Trade Account 1:

Starting Balance £10,197.45 on October 19th 2009

Gain: +8.46%
Balance: £11059.66
Profit: £862.20


Direct Trade Account 2:

Starting Balance £10,135.78 on October 19th 2009

Gain: +25.12%
Balance: £12,679.46
Profit: £2546.48

Total Profit Since October 20th 2009: +£3408.68
Total Gain: +33.58%

For complete verified detailed analysis/breakdown/stats:

http://www.myfxbook.com/members/DirectTrade

+33.6% increase this week, can't complain.

I'm on the sidelines until Monday, have a great weekend.

Well done so far direct trade.....your doing great

will keep an eye on your thread.

Temps

Salute DT...........I am impressed now and it is just a great work............Then I am the worst trader and you are the best....................

Sorry man.............
You are really great ...................Salute again.............

Apology accepted bro, no problem

All the best and have a great weekend

Cheers Temps

congrats dt. you are doing great. hope to emulate you one day, sooner than later, i hope. ha3. keep it up.

still a newbie after 4 months. :(

Hi, DT
very great job!
thanks for sharing your achievement.
if possible, can you let us see your trade history, open trades from myfxbook.

Thanks again

I second that,

if we could see your old trades it may shed some light into our dim world, & would give this thread some real value.

I'm not knocking the thread, but it could be a little more educational?

thanks,
Steve.