What was your account and what is it now? | Forex Factory

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What was your account and what is it now?

  • #1
  • First Post: May 3, 2010 11:23pm May 3, 2010 11:23pm
What did your main trading account have in it when you first opened it.


and what does it have in it now.


just simple numbers.

if some feel uncomfortable saying actual numbers use realized returns.


I am in a predicament where i am successful in trading (demo) but I am undercapitalized and I can't come up with the money right now. So I just gotta work and save... in college which is never fun.

(just looking for inspiration)
  • #2
  • May 3, 2010 11:54pm May 3, 2010 11:54pm
I have some experience in the financial markets, but I hadn't touched Forex until March '09. I am down about $1000 across 3 accounts. (two different brokers).

I remember what it was like to be young (younger) and want to trade but not have the money. I bought my first mutual fund shares at 18, and traded a discount broker margin account with $2500 at 21. (some leftover college loan money and a credit card advance ) ...sigh, almost 20 years ago.

Forex micro accounts have a low entry, you could get started with $500 easily. Maybe work extra hard this summer... less play...to fund an account.

Though honestly, financial markets can become such an "obsession" that you may neglect your current studies. Life becomes less stressful after college when you get a job and actually have your own "stuff". The money will come as well. Concentrate on getting superb grades and building a resume, it will yield a greater return than a micro account over the next 3-4 years.

Though if you must trade, start small... and make sure you give attention to your classes FIRST.

And I'm still not sure if the following link is a true legitimate post, but it is still worth a read.... don't let this happen to you.
http://www.forexfactory.com/showthread.php?t=62076
  • #3
  • May 4, 2010 12:00am May 4, 2010 12:00am
Quoting Br_pippin
What did your main trading account have in it when you first opened it.


and what does it have in it now.


just simple numbers.

if some feel uncomfortable saying actual numbers use realized returns.


I am in a predicament where i am successful in trading (demo) but I am undercapitalized and I can't come up with the money right now. So I just gotta work and save... in college which is never fun.





(just looking for inspiration)

yo br what up man?

save up money....keep demoing
  • #4
  • May 4, 2010 12:06am May 4, 2010 12:06am
hey bro. good. working on it. had a good month last month and have started this month out well also.


I agree with the above above post. Except i would rather save up as much as possible as my strategies and styles/mentality call for not being undercapitalized as much as possible. and i agree except I can't fully see myself waltzing into corporate America. I don't know if its for me. i would love to get into consulting a little bit but I don't know. My grades are okay and my studies are alright i guess haha.
  • #5
  • May 4, 2010 12:08am May 4, 2010 12:08am
Read Market Wizards if you want inspiration... at least their records are verified.
  • #6
  • May 4, 2010 12:17am May 4, 2010 12:17am
Quoting Deusomega
Read Market Wizards if you want inspiration... at least their records are verified.
I read it. Its a good book I suppose.

Im a big reader. ive read most trading books. including a couple text books lol.
  • #7
  • May 4, 2010 12:19am May 4, 2010 12:19am
Quoting Deusomega
Read Market Wizards if you want inspiration... at least their records are verified.

I dont need verification. I just wanna hear it.

Its me lulling myself into a false sense of hope.

but hope is hope and I could use some right now!!!!

and I don't mean for that to sound depressing at all. Im just getting rdy to temp myself out at a warehouse while im not at my intern job for 60+ hours a week so I can trade next semester.
  • #8
  • May 4, 2010 12:19am May 4, 2010 12:19am
But did you read both! And sadly hope is useless in trading... and you will only find solace in yourself and through your own eyes seeing success. I find disatisfaction and unfufillment from what you are currently doing to be the best motivator and even a little hate thrown in
  • #9
  • May 4, 2010 12:21am May 4, 2010 12:21am
Quoting Deusomega
But did you read both!

si senor!

xD

one of the best trading books ive ever read didn't ever get a lot of attention was written by a guy named victor Sperandeo.


hes cool.
  • #10
  • May 4, 2010 12:24am May 4, 2010 12:24am
Quoting Deusomega
But did you read both! And sadly hope is useless in trading... and you will only find solace in yourself and through your own eyes seeing success.

The hope was for me and all the work im about to do so i can trade... thats why i wanted to know account balances. so the 60 hr weeks seem worth it!

I see hope in my demo account tho. maybe im just bored? lol not seeing a whole of direction on my charts.
  • #11
  • May 4, 2010 1:03am May 4, 2010 1:03am
Nothing much.

Disappointing, depression and recession leading to way below average account growth rate leading to alternate career plans from full time trading to full time internal auditing.
  • #12
  • May 4, 2010 2:40am May 4, 2010 2:40am
Quoting Intu
Life becomes less stressful after college when you get a job and actually have your own "stuff".
If you think college is stressful, you're in for a surprise. Life doesn't become less stressful after college... IMHO.

College is a walk in the park compared to dealing with finance, family, relationships, kids, career/job, health, the unexpected things in life...


"Always be prepared." Never forget that.
  • #13
  • May 4, 2010 2:49am May 4, 2010 2:49am
Haha college stressful rofl!
  • #14
  • Last Post: May 4, 2010 3:24am May 4, 2010 3:24am
Quoting CrucialPoint
If you think college is stressful, you're in for a surprise. Life doesn't become less stressful after college... IMHO.

College is a walk in the park compared to dealing with finance, family, relationships, kids, career/job, health, the unexpected things in life...


"Always be prepared." Never forget that.
Yeah, I wish I could go back in time and start college again, it seemed stressful at the time, but its more a mild preparation for real life.

As for unexpected things in life, they can really screw things up. lol
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