From $300 to $1000; and from $1000 to $1m or over! Possible? | Forex Factory

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From $300 to $1000; and from $1000 to $1m or over! Possible?

  • #1
  • First Post: Jul 24, 2011 11:56pm Jul 24, 2011 11:56pm
After several years of hard knocks and losses from the market especially when I go against the trend and want the market to obey my direction, I have finally reached a point to obey and stick to the direction!

I've opened this journal because I intend to build over a MIL from a tiny $1k account equity but first starting with $300. I believe this is possible but most do not and they believe it will take 2 years or more to compound small pips to make such huge profits.

for me, I think with the right strategy, money management, mindset, and broker; a successful trader could do that in 6 months or lesser> lets see if this statement is correct.

Below is the image of a live account with $376; I wish to raise this $376 to over a thousand then transfer that sum to an ECN account where spreads is drastically reduced.



I need a miracle in this; not luck. But if you are watching, wish me the best!.

thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Start.PNG Size: 90 KB
  • #2
  • Jul 25, 2011 12:06am Jul 25, 2011 12:06am
Just went long GBPJPY for 50pips Stop placed at 50pips too

risk 1:1
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY July 25th.PNG Size: 96 KB
  • #3
  • Jul 25, 2011 12:48am Jul 25, 2011 12:48am
To turn $300 into $1M, you would need a consistent 141% return every month for 24 months in a row.

In 4 years you would have 4.3 billion dollars.

In 7 years you would own the earth.
  • #4
  • Edited 1:16am Jul 25, 2011 1:01am | Edited 1:16am
Quoting Marv
To turn $300 into $1M, you would need a consistent 141% return every month for 24 months in a row.

In 4 years you would have 4.3 billion dollars.

In 7 years you would own the earth.
sounds impossible I know; but worth trying because I believe in possibilities; moreover, the equity isn't huge. Remember the Wright Brothers? who could ever think metals or huge iron could fly in air. Most thought it was impossible, but the brothers believed otherwise and proved to the world all things are possible!
  • #5
  • Jul 25, 2011 1:23am Jul 25, 2011 1:23am
Blueassets, you can do this at 43% per month with increasing lot sizes as your account grows. Still a tall order though.
  • #6
  • Jul 25, 2011 1:56am Jul 25, 2011 1:56am
Quoting Arnold49
Blueassets, you can do this at 43% per month with increasing lot sizes as your account grows. Still a tall order though.
Thank you for your encouraging words; yes 43% is still a tall order: will still have to try; it could be positive at the end of it all.

thanks Arnold49
  • #7
  • Jul 25, 2011 2:21am Jul 25, 2011 2:21am
Half the position is closed now to free up margin, and to reduce profit or loss in account.
  • #8
  • Jul 25, 2011 2:22am Jul 25, 2011 2:22am
stopped out. at -34USD
  • #9
  • Jul 25, 2011 2:24am Jul 25, 2011 2:24am
Quoting blueassets
Just went long GBPJPY for 50pips Stop placed at 50pips too

risk 1:1
Hmmm...?

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #10
  • Jul 25, 2011 3:12am Jul 25, 2011 3:12am
Quoting Kosomolate
Hmmm...?

kos
kosomolate guess you were confused how come I did that with risk 1:1 trading 1 mini lot size, should have been -$50 you think? reference below

Quoting blueassets
Half the position is closed now to free up margin, and to reduce profit or loss in account.
  • #11
  • Jul 25, 2011 4:40am Jul 25, 2011 4:40am
Quoting blueassets
kosomolate guess you were confused how come I did that with risk 1:1 trading 1 mini lot size, should have been -$50 you think? reference below
not really the result, even 34 usd is still a good percentage of 376 usd, but was only wandering what informed your decision to long GJ at that point, and that was the post I quoted not the stop out post. all is now history anyway.

I wish you good luck on this tall but very achievable journey.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #12
  • Jul 25, 2011 5:06am Jul 25, 2011 5:06am
Quoting Kosomolate
not really the result, even 34 usd is still a good percentage of 376 usd, but was only wandering what informed your decision to long GJ at that point, and that was the post I quoted not the stop out post. all is now history anyway.

I wish you good luck on this tall but very achievable journey.

kos
didn't check if it was overbought already, my Mistake
  • #13
  • Jul 25, 2011 5:07am Jul 25, 2011 5:07am
Shorted EURCHF @ 1568, SL 50, TP:50
  • #14
  • Jul 25, 2011 10:10am Jul 25, 2011 10:10am
had a BE on EURCHF, currently long on EJ at 112.36 SL: 50 TP: 50
  • #15
  • Jul 25, 2011 9:45pm Jul 25, 2011 9:45pm
Quoting blueassets
had a BE on EURCHF, currently long on EJ at 112.36 SL: 50 TP: 50
closed the last open position for a little profit. Account equity now $340 from $376 - (-36usd); beginning from London session we should see $400+ or more.

learned a great deal from my yesterday's trade.
  • #16
  • Last Post: Sep 19, 2011 8:35am Sep 19, 2011 8:35am
Quoting blueassets
I need a miracle in this
Just saw that phrase used by a certain (former) trader in London, only last week...
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