$500 to $1M Part II

Thanks Infinity..

over the last 6 months i've been trading, i've found myself upping the lot size to try and get back money lost. whilst in some cases this worked, the majority of time things went from bad to worse.
3 things i've had to learn very quickly
money management
discipline
patience
and of course a good strategy always helps.
and even with these things i still have to check myself occasionally
and do't be afraid to turn off the computer, the markets will still be here tomorrow and the next day.
i will watch your thread with interest
good luck. stay positive

Hmm some strange things have been happening since yesterday. Positions have been closing on their own. I've contacted the broker and they asked me if I'm running any EA. I told them no. They say its originating from one of my pc's, but when I checked, the pc they claim the close positiong came from was one where my MT4 was not even running.

So no clue....in any case, I may have to switch to my UK account. This one is to a point of no return.....and I'll need a lot more to gain back what I had originally if I want to do it in a timely fashion.

Stay tuned. I'll leave these gloomy stats up for now until I get the other account squared away.

Ok, and you can do this but you MUST stick to trading smaller positions EVERYTIME. The guys that make 300 mil a year dont risk more then .5-3% , when you do this I think you'll notice that you become more relaxed and more willing to wait out a profitable trade instead of panicking if it starts to move against you. Stick with it man.

Thanks, honestly on my large account, I do use very small lots. I think on the small account, I get anxious to build it up quickly and end up realizing I'm under compensated. Anyway, I'm still trading this small account, so I'll see if I can at least get it back to $100....if I can, I can usually take it from there....

Ok, got my other account setup....I'll run two links side by side, this one and the new one......lets see what I can come up with

I'll post the other account later today.

Here are my new account stats.

http://www.mt4i.com/users/fmc

I will still continue to post my small dying account stats as well here....

http://www.myfxbook.com/members/fmc007/fmc-live/7228

Well made a nice run the last 3 days on the original account....725 pips, but it barely put a dent in the account because of the deep drawdown and the small lot sizes....gotta keep chugging along though...babysteps..

I am in a couple trades on the new account, but not enough market movement to do anything but sit on my hands.....will have to wait for some volatility in the markets.....until then, its a waiting game...

Well closed out for a few more pips today.....still hanging in there....

Here is the new account stats:

http://www.mt4i.com/users/fmc/stats

Here is the original account stats:

http://www.myfxbook.com/members/fmc007/fmc-live/7228

nice.. gd luck bro..

Thanks Evo....getting better slowly but surely, but still have a far way to go.....

Account #1
Account Opened On: 11/26/2009
Beginning Balance: $1,472.42

Current Balance:
http://www.mt4i.com/banner.aspx?id=fmc&t=1

Account #2
Account Recovery Start Date: 12/04/2009
Starting Balance From Time of Recovery: $42.65
Original Starting Balance: $349.27
Ultimate Recovery: $1200.00

Current Balance:
http://www.mt4i.com/banner.aspx?id=fmc2&t=1

All the best with this X.Oden, it can be done. Will be watching this thread.

hi,

Good luck in your trading, I will follow this thread too.

http://artolinho.mt4stats.com/

Account 1 is still doing alright, positioned for profit taking......just sitting on my hands and waiting on this one....

Account #1
Account Opened On: 11/26/2009
Beginning Balance: $1,472.42

Current Balance:
http://www.mt4i.com/banner.aspx?id=fmc&t=1

===================================

Account 2 is around 620 pips in profit so far using only .01 lot positions....still waiting and watching the positions...hopefully will hit $50 soon..

Account #2
Account Recovery Start Date: 12/04/2009
Starting Balance From Time of Recovery: $42.65
Original Starting Balance: $349.27
Ultimate Recovery: $1200.00

Current Balance:
http://www.mt4i.com/banner.aspx?id=fmc2&t=1

By the way, the two pics above will update the open equity dynamically every few minutes, so you can keep refreshing the page to see the numbers change....

So far up 855 pips this week....recovery account floating at 51.12 open equity from $42.65.....

Just closed all my trades...


+1500 pips profit....I'm gonna take a break...

35% on my small account.....of course, its not a true gain, its a recovery....so I'm still in the hole...

Took some safety measures and hedged a few lose ends on this small EUR retrace...feeling a bit more comfortable with the fact I only have 2 open positions that are unhedged....just sitting on my hands for now and allowing nature to take its course....

Account #1
Account Opened On: 11/26/2009
Beginning Balance: $1,472.42


Current Balance:
http://www.mt4i.com/banner.aspx?id=fmc&t=1

===================================

Account 2 opened a new GBPUSD position....just waiting for the right time
to close at the moment....


Account #2
Account Recovery Start Date: 12/04/2009
Starting Balance From Time of Recovery: $42.65
Original Starting Balance: $349.27
Ultimate Recovery: $1200.00


Current Balance:
http://www.mt4i.com/banner.aspx?id=fmc2&t=1

By the way, the two pics above will update the open equity dynamically every few minutes, so you can keep refreshing the page to see the numbers change....

Well just closed my GBPUSD for +52 pips no where near my target, but hey its a profit.

Going to rest account 2 for a bit....working on the hedges in account 1 right now...

toughest thing I'm learning in trading is patience!