How I Turned 1k To 100k In A Wk!!! | Page 48 | Forex Factory

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How I Turned 1k To 100k In A Wk!!!

  • #941
  • Nov 20, 2010 7:35pm Nov 20, 2010 7:35pm
Quoting dragan53
i can do that too in a demo

somehow i think you cant....
  • #942
  • Nov 20, 2010 7:39pm Nov 20, 2010 7:39pm
Quoting mfoste1
somehow i think you cant....
I second mfostel.

I couldn't do that in about over 100 or 200 demo accounts blown before starting live.

ps. But I am surely capable of turning 100K into 1K - and that is also not so easy.
The Thief of Wall Street
  • #943
  • Nov 20, 2010 7:56pm Nov 20, 2010 7:56pm
very well done mate,

But I agree that its a fluke. Hope you've got that money protected and its making a nice return in your conservative account.
  • #944
  • Nov 20, 2010 8:20pm Nov 20, 2010 8:20pm
Quoting mfoste1
somehow i think you cant....
hey i didnt say how many demo tries i can have ,lol take like 50 and its surely possible heheh,using the highest leverage on 1m chart nd 5 min,trading usd/cad

lets say u take $1m lot ,nd go for 50 pips thats like $5000 ,nd 20 trades like that with the help of macd can surely get u that,

oye true u cant use from 1k too 100k in 1 week thats too risky,maybe 5k its possible otherwise u can go broke easily with 1k.
  • #945
  • Nov 20, 2010 9:07pm Nov 20, 2010 9:07pm
bull crap

better u go las vegus and gamble.
  • #946
  • Nov 20, 2010 9:55pm Nov 20, 2010 9:55pm
Check this bloke out. It's a competition being run on myfxbook so of course it's a demo account.

http://www.myfxbook.com/members/Tompinai/tompinai/56920
Nothing worth having is easy.
  • #947
  • Nov 20, 2010 10:27pm Nov 20, 2010 10:27pm
Oh, yeah, and this is what happens in the real world. Similar percentage gains on a smaller but supposedly real account.

http://www.myfxbook.com/members/Arba...v-system/43295
Nothing worth having is easy.
  • #948
  • Nov 20, 2010 10:31pm Nov 20, 2010 10:31pm
Quoting Patience
Oh, yeah, and this is what happens in the real world. Similar percentage gains on a smaller but supposedly real account.

http://www.myfxbook.com/members/Arba...v-system/43295

a lotta those eas will work fine in less volatile market conditions, then when stuff gets crazy, they blow accounts up....Ive never used an ea before. It seems to get an automated system to work you really have to have a good "feel" for market conditions and be flexible with position sizing, s and l etc....or maybe utilize multiple eas?
  • #949
  • Nov 20, 2010 10:34pm Nov 20, 2010 10:34pm
Quoting mfoste1
a lotta those eas will work fine in less volatile market conditions, then when stuff gets crazy, they blow accounts up....Ive never used an ea before. It seems to get an automated system to work you really have to have a good "feel" for market conditions and be flexible with position sizing, s and l etc....or maybe utilize multiple eas?

Then how would you know anything about how an EA works? Again, you're offering your expertise on something you know nothing about.
  • #950
  • Nov 20, 2010 10:36pm Nov 20, 2010 10:36pm
Quoting mfoste1
a lotta those eas will work fine in less volatile market conditions, then when stuff gets crazy, they blow accounts up....Ive never used an ea before. It seems to get an automated system to work you really have to have a good "feel" for market conditions and be flexible with position sizing, s and l etc....or maybe utilize multiple eas?
Both of those accounts, demo and real, were stated as "manual" trading. I've never used an EA either. I wouldn't want something to trade for me that I didn't understand. I've seen spectacular crashes of accounts, both real and EA on that site. Just another example of what high leverage, no stop losses does to an account.
Nothing worth having is easy.
  • #951
  • Nov 20, 2010 10:42pm Nov 20, 2010 10:42pm
Quoting Patience
Both of those accounts, demo and real, were stated as "manual" trading. I've never used an EA either. I wouldn't want something to trade for me that I didn't understand. I've seen spectacular crashes of accounts, both real and EA on that site. Just another example of what high leverage, no stop losses does to an account.

i might try one on a demo starting next week....Im gonna go to one of RRs threads and find one or two to get familiar with on a demo....
  • #952
  • Edited 6:11am Nov 21, 2010 4:12am | Edited 6:11am
Don't even attempt to do this unless you are already a consistently profitable trader!

Be prepared to lose the original amount many times over before hitting the jackpot!

Remember who won the tortoise and hare race!

If you do attempt this, you need clear goals with regards to your starting pot, MM (10%, 15%, 20% per trade?) and your jackpot goal. The bigger the jackpot goal, the harder it will be to achieve it and you need to have an exit strategy in place because it won't go on forever!

Do this on DEMO many times over and see what your hit rate of reaching the jackpot is.

I repeat, do not attempt this if you are a non-profitable trader!

For those who do decide, I wish you success with it. Anything is possible if you put your mind to it, but be prepared to lose the money you set aside for this!
  • #953
  • Nov 21, 2010 5:28am Nov 21, 2010 5:28am
Quoting mysticgenie
100k usd (126k to be precise)
hahaha

What's 26k right?
  • #954
  • Nov 21, 2010 5:58am Nov 21, 2010 5:58am
How the thread starter put it --

Quoting mysticgenie
Hello friends,
I decided to record my trades again---was out of trading for a while---blew all the profits on earthly consumption--starting again with small account to make it big like last time (1k to 30k in 4mths from great carry trade)--let's see what market has to offer---
09/12/07:
B Aud/Jpy 95.15 closed 96.28 (+111 pips)
09/13/07:
B Gbp/Chf 2.4067 SL 2.3750 T open
This thread always impressed me, too; I'd forgotten where it was.

The essence of the thread seemed to be that the thread starter somehow used his own psychology to create waves of profit in his own trading, and then knew from one's own psychology when to withdraw the cash.

The waves were long enough -- several weeks, from what I recall -- to build a substantial amount.
There was also a thread in the journals section that was a '100 to 1000 in a day' type, that actually sounded legit. The author did withdraw and then produce regularly at the faster rate.

So either some people can naturally tap their psychology into this type of mm for trading, or anyone can learn how. I don't think it's pure luck.

Thanks to dragan53 for returning this thread.
  • #955
  • Jan 1, 2011 1:56pm Jan 1, 2011 1:56pm
...originator of the thread said he was an American MD and in an honorable profession.
  • #956
  • Jan 1, 2011 5:18pm Jan 1, 2011 5:18pm
I once got 13 red in a row (Roulette). of course they were 13 Losses!
  • #957
  • May 8, 2011 2:10pm May 8, 2011 2:10pm
Please remember that the author made this money on the specially designated 'game' account, i.e. risking small part of his total fx capital.

I understand that this method can work and I plan on taking high risk trades on a special account, but this method should not be performed on a regular account. you just cannot take so many trades in a week and you absolutely cannot be THAT lucky every time.

Your objective for trading should be
Primary - preserve capital
Secondary - increase capital
only in this order!
  • #958
  • Jun 14, 2011 11:09am Jun 14, 2011 11:09am
The OP should be applauded because he was able to use smart MM and a system that worked for him to build up enough money to where he could risk losing 1k.

So instead of asking how he turned 1k to 100k, I ask mysticgenie to please elaborate a bit on how on how got to the point where 1k became 'disposable'

It's my goal to be able to turn 1k into disposable income and mysticgenie's story has inspired me to improve my MM and trading skills so I can reach that point.
  • #959
  • Jun 14, 2011 11:12pm Jun 14, 2011 11:12pm
1K to 100K in a week? Not too likely, Maybe it could be done in theory by taking outlandish risks and watching the market 24/7, but not a realistic goal.
  • #960
  • Jun 14, 2011 11:29pm Jun 14, 2011 11:29pm
scam. as juicy and empty as goji berry or the latest diet pills.
trading is my zen
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