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$800 - $200,000

  • #21
  • Dec 21, 2010 12:33pm Dec 21, 2010 12:33pm
Quoting apt
Starting with a capital of $800.00, I will be trading EUR/USD in an attempt to convert it to $200,000 within 3 months.
Pip goal per daily session is 30 - 50 pips. Will keep trades to a minimum to reduce exposure, with extremely tight stop losses.



I will be using my full bankroll, and will update results at the end of every trading session. I will only trade Monday through Friday, and not include Sunday in my sessions. If I do trade on a Sunday, I will include those profits or losses in Mondays term.

I will not disclose how many trades, or...

10% a day for 3 months straight? lol....
  • #22
  • Dec 21, 2010 2:58pm Dec 21, 2010 2:58pm
amazing.... lets try
Let us be green
  • #23
  • Dec 21, 2010 4:55pm Dec 21, 2010 4:55pm
Quoting mfoste1
10% a day for 3 months straight? lol....
sure that sounds kinda curious....but i also play a kamikazee max risk account at the moment, doing good so far... some stupid trades we im broke


---> thats the game, i actually search hours and hours for a 95 % set up and go all in

https://www.myfxbook.com/portfolio/c...-account/70402
Hero calls followed by margin calls...
  • #24
  • Dec 21, 2010 6:40pm Dec 21, 2010 6:40pm
Quoting PhAnTi'
sure that sounds kinda curious....but i also play a kamikazee max risk account at the moment, doing good so far... some stupid trades we im broke


---> thats the game, i actually search hours and hours for a 95 % set up and go all in

https://www.myfxbook.com/portfolio/c...-account/70402

forex isnt a casino....people that have crazy goals like this bs 100-100k in 1 month, 800-200k in 3 months etc. will blow their accounts up 99.998% of the time. If you wanna last and eventually turn this into your full-time income, you have to treat it as a job. Otherwise you're just throwing money down the drain setting completely unrealistic goals such as this thread.
  • #25
  • Dec 21, 2010 6:53pm Dec 21, 2010 6:53pm
So many try this and I haven't seen any succeed yet, but you gotta admit it would be nice to actually see someone do it in real time aye... of course then for certain, someone would say they don't believe it, and prove it, and so on it goes. The fact that it is possible, doesn't mean anyone is going to succeed but probably no one has succeeded unless they dreamed about it first. Just my thoughts and I won't say you're gonna blow it, although thats the highest probability....


Quoting mfoste1
forex isnt a casino....people that have crazy goals like this bs 100-100k in 1 month, 800-200k in 3 months etc. will blow their accounts up 99.998% of the time. If you wanna last and eventually turn this into your full-time income, you have to treat it as a job. Otherwise you're just throwing money down the drain setting completely unrealistic goals such as this thread.
  • #26
  • Dec 21, 2010 7:14pm Dec 21, 2010 7:14pm
Quoting dbeach777
So many try this and I haven't seen any succeed yet, but you gotta admit it would be nice to actually see someone do it in real time aye... of course then for certain, someone would say they don't believe it, and prove it, and so on it goes. The fact that it is possible, doesn't mean anyone is going to succeed but probably no one has succeeded unless they dreamed about it first. Just my thoughts and I won't say you're gonna blow it, although thats the highest probability....

the only person ive ever seen do anyhting like this was mysticgenie in nov 08 when he turned 1000 into 126k in a week. He said it was a freak himself and it rarely occurs.

For this type of gain to occur, market conditions have to be in "liquidation crisis mode". If these conditions arent present, its impossible to do given low volatility. I still cant see why people dont realize this. They think they can do this kind of feat in any market condition lol....
  • #27
  • Dec 21, 2010 7:37pm Dec 21, 2010 7:37pm
  •  Amb
  • | Joined Sep 2010 | Status: think outside the box. | 7 Posts
larry williams turned 10.000 into 1.000.000 in a year in a trading contest, trading futures...
  • #28
  • Dec 23, 2010 12:27am Dec 23, 2010 12:27am
  •  supun
  • | Joined Sep 2010 | Status: Filling a tea-cup from a fire hose | 6 Posts
Quoting apt
Intention was to post a synopsis of all week trades with the screenshots acquired over the week, after looking through all the screens it has become difficult to sort through the dozens of charts and imagine what my thought process was.

So from this point forward we'll just try to get a daily log up of what we are looking for in our trades.

As far as profit progress goes, 2 days fell and was unable to log equity.
Main mistakes were emotional distress, and inability to ignore what forum posters believed was going to occur.

Goal for this week...
Hi apt,

why not connect your account to FxStat where it will do all the analysis. Then you need not bother with the postings.

Just a suggestion...
  • #29
  • Dec 23, 2010 12:33am Dec 23, 2010 12:33am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting supun
Hi apt,

why not connect your account to FxStat where it will do all the analysis. Then you need not bother with the postings.

Just a suggestion...
Yeah the postings are annoying, and I haven't even done one! LoL.

I tell myself everyday, today I'm going to log a few screenshots and talk about it and post it. Haven't done one, and now I don't really think I will, I'm too lazy. The only benefit of it I see is just to help me remember what I am doing right, and what I am doing wrong. Which are pretty important.

Nevertheless, I don't think FxStat works with Dealbook Web, I use an IMac. So I don't have the pleasure of using MT4/5.
  • #30
  • Jan 16, 2011 8:30pm Jan 16, 2011 8:30pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Intention of thread is to now reach $100,000.00 within 3 months with a starting capital of $1,000.00.

  • #31
  • Jan 17, 2011 5:39am Jan 17, 2011 5:39am
Quoting apt
Intention of thread is to now reach $100,000.00 within 3 months with a starting capital of $1,000.00.

hope you will update daily now. not like last time : P

wish u good luck !
Hero calls followed by margin calls...
  • #32
  • Jan 17, 2011 10:12am Jan 17, 2011 10:12am
is there a different place to follow your trades?
Hero calls followed by margin calls...
  • #33
  • Jan 18, 2011 1:26pm Jan 18, 2011 1:26pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Blew more than half of my account, on lack of stop loss and margin cut.

No bueno, for some reason that trade isn't reflected on myfxbook, which isn't good because I would like a realistic stat output.

Short EUR/GBP and GBP/AUD.
  • #34
  • Jan 18, 2011 1:26pm Jan 18, 2011 1:26pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PhAnTi'
is there a different place to follow your trades?
I'll open up my trades on FXbook at the end of the week, I have my FXBook on the first post.
  • #35
  • Jan 18, 2011 4:18pm Jan 18, 2011 4:18pm
Quoting apt
Blew more than half of my account, on lack of stop loss and margin cut.

No bueno, for some reason that trade isn't reflected on myfxbook, which isn't good because I would like a realistic stat output.

Short EUR/GBP and GBP/AUD.
If I may ask, is the lack of a STOP part of the strategy, or just a deficiency on your part?

I know a couple of traders who trade grids who don't use STOPs at all and manage their positions with LIMITs only.
Capital Preservation is key to long term wealth accumulation
  • #36
  • Last Post: Jan 19, 2011 12:06am Jan 19, 2011 12:06am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting MuddBuddha
If I may ask, is the lack of a STOP part of the strategy, or just a deficiency on your part?

I know a couple of traders who trade grids who don't use STOPs at all and manage their positions with LIMITs only.
It's intended to be a strategy, but it has become more of a deficiency because of my own lack of discipline.

To add on to that, most traders who don't use stop losses use a Money Management strategy which only puts a certain percent of their equity at risk.

I use 100%.

So it would most likely be wiser for me to use SL's.
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