$100 to... not $0? | Forex Factory

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$100 to... not $0?

  • #1
  • First Post: Dec 11, 2009 3:12pm Dec 11, 2009 3:12pm
Hi everyone, been lurking around these forums a little while. Decided I should start a journal and track my own progress.


Background: Have about a few months experience messing around with a demo account and a small live account. Starting small with $100, and let's see where I go with this.

Method: I'm not sure, maybe that's the point of this journal, to establish one. I'm pretty conservative with my trades right now. I tend to risk very little, and I'm happy making slow and steady progress.

Goals: Don't blow up my account, try to keep growing my account, maybe earn lunch money.



Started with: $100 (around the end of November)

Current balance: $112.01
  • #2
  • Dec 14, 2009 12:01am Dec 14, 2009 12:01am
Took a few trades today, quick scalps for 3-4 pips each. Waiting for the london open for some real movement.

Current balance: $112.80
  • #3
  • Dec 14, 2009 11:34am Dec 14, 2009 11:34am
Tried to wake up for the NY open, missed it. Did a little scalping this morning.

Current Balance: $113.48
  • #4
  • Dec 15, 2009 4:21pm Dec 15, 2009 4:21pm
Have you been trading Forex for a while?
  • #5
  • Dec 16, 2009 12:39am Dec 16, 2009 12:39am
I looked into trading briefly about a year ago, but dropped it a few weeks later. I started up again in November with a small live account.


Today's update, some small scalps here and there, still trying to figure out when to enter/exit.

Current balance: $117.61
  • #6
  • Dec 16, 2009 1:48am Dec 16, 2009 1:48am
Increasing time by time
may you will share the trading method here?
  • #7
  • Dec 16, 2009 11:25am Dec 16, 2009 11:25am
Quoting CrabmanDan
I looked into trading briefly about a year ago, but dropped it a few weeks later. I started up again in November with a small live account.


Today's update, some small scalps here and there, still trying to figure out when to enter/exit.

Current balance: $117.61

If you are interested in learning more you may want to read some of the trading journals here, or invest in a good training program. I am in the process of posting my entire method, and you can view it regularly in my thread.
  • #8
  • Dec 16, 2009 12:22pm Dec 16, 2009 12:22pm
Quoting TaoTrader
If you are interested in learning more you may want to read some of the trading journals here, or invest in a good training program. I am in the process of posting my entire method, and you can view it regularly in my thread.
Thanks, I'm following a few threads around here. I'll take a look at your thread as well.
  • #9
  • Dec 16, 2009 4:37pm Dec 16, 2009 4:37pm
Quoting CrabmanDan
I looked into trading briefly about a year ago, but dropped it a few weeks later. I started up again in November with a small live account.


Today's update, some small scalps here and there, still trying to figure out when to enter/exit.

Current balance: $117.61
Keep it up Crabman Dan! 3.6% gains will definitely add up once you have built your equity!

So far you're doing good turning that $100 into... not $0
  • #10
  • Dec 17, 2009 3:42pm Dec 17, 2009 3:42pm
Quoting Zsx
Keep it up Crabman Dan! 3.6% gains will definitely add up once you have built your equity!

So far you're doing good turning that $100 into... not $0
Thanks! I'm definitely a believer in taking it slow, trying to learn as I go. As xmas approaches, I won't have the time to stare at the charts every morning so I'm going to dabble with a few higher timeframe trades. Next update probably won't be until the new year.


Current balance: $121.11
  • #11
  • Dec 17, 2009 4:31pm Dec 17, 2009 4:31pm
well best of luck to you, im in a similar boat just started a live account with 50 USD , my boats a little smaller..lol
  • #12
  • Dec 17, 2009 6:23pm Dec 17, 2009 6:23pm
Hey crabmandan, Good going I also started with 100.00, I am excited to see you are going in the right direction. I'll check in on this thread once a week and see how you are doing.
  • #13
  • Dec 18, 2009 1:10am Dec 18, 2009 1:10am
I said I wouldn't update again, but couldn't resist doing a little trading tonight. Decided to try and trade the london open. Caught the first 10 minutes for ~32 pips.


Current balance: $123.98
  • #14
  • Jan 7, 2010 12:10am Jan 7, 2010 12:10am
Back after the holidays, did a bit of trading here and there but mostly stayed out of the markets.

Over christmas, I started to toy around with the idea of automated trading. Being a programmer myself, the idea of having my computer watch the charts 24/7 instead of me is very appealing. I trade with Oanda, and API access is $600/month unfortunately. I may open a second account elsewhere until my account is large enough to absorb that kind of charge. Anybody have suggestions?


Current balance: $132.70
  • #15
  • Jan 7, 2010 2:38am Jan 7, 2010 2:38am
Quoting CrabmanDan
Back after the holidays, did a bit of trading here and there but mostly stayed out of the markets.

Over christmas, I started to toy around with the idea of automated trading. Being a programmer myself, the idea of having my computer watch the charts 24/7 instead of me is very appealing. I trade with Oanda, and API access is $600/month unfortunately. I may open a second account elsewhere until my account is large enough to absorb that kind of charge. Anybody have suggestions?


Current balance: $132.70
MT4 or 5 have automated trading along with Tradestation (confirmation needed). You program your EA to do what you want and let it run. Not a fan personally of automated trading but if it works for you then go for it.

BTW nice results so far. $100 starting out is a great amount for getting the feel for trading while working on the emotional level of trading. Killing 2 birds with 1 stone. Well done so far

Razor
  • #16
  • Jan 7, 2010 12:05pm Jan 7, 2010 12:05pm
Quoting Razor_trader
MT4 or 5 have automated trading along with Tradestation (confirmation needed). You program your EA to do what you want and let it run. Not a fan personally of automated trading but if it works for you then go for it.

BTW nice results so far. $100 starting out is a great amount for getting the feel for trading while working on the emotional level of trading. Killing 2 birds with 1 stone. Well done so far

Razor

Thanks, I'll take a look at those platforms. I like the idea of automated trading, but we'll see how it goes in reality lol.
  • #17
  • Jan 7, 2010 10:29pm Jan 7, 2010 10:29pm
Quoting Razor_trader
MT4 or 5 have automated trading along with Tradestation (confirmation needed). You program your EA to do what you want and let it run. Not a fan personally of automated trading but if it works for you then go for it.

BTW nice results so far. $100 starting out is a great amount for getting the feel for trading while working on the emotional level of trading. Killing 2 birds with 1 stone. Well done so far

Razor
I've got myself a demo account running MT4 now. Time to play with the EA's

Current balance: $133.73
  • #18
  • Jan 10, 2010 9:22pm Jan 10, 2010 9:22pm
Not much to report, having fun writing some EA's using MQL4. The language was easy enough to pick up due to it's similarity to C/C++. So far I've implemented Joel Rensink's First Strike Plus, and the results were very encouraging. I'm following the DIBs thread as well, it seems like a good candidate for an EA.

Current balance: $134.38
  • #19
  • Jan 12, 2010 12:23am Jan 12, 2010 12:23am
Current balance: $136.89
  • #20
  • Jan 16, 2010 6:31pm Jan 16, 2010 6:31pm
Just playing with MQL4 at the moment, no good results so far. All of my EA's have either broken even over long periods, or failed spectacularly. Even my implementation of First Strike Plus seems to do pretty poorly across most currencies and years.

Current balance: $143.40
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