1000% within a day

Seriously, I had a very lucky shot with this one, NAV is >1000%. LOL. It IS possible to make these gains even though is was pure luck and the feeling that this down move was totally overblown.

http://www.xaron.net/dl/fx/2011/acc_silver_270911.png

http://www.xaron.net/dl/fx/2011/op_silver_270911.png

I started with 500 units silver at 26.50 and added all the way up. Target is 33-40, still not sure.

Stops are in place of course...

http://www.xaron.net/dl/fx/2011/silver_270911.png

Ok, closed everything at 32.90. Might be a temporary correction from here. +2000%. Phew.

Nice shot

Thanks! I need a break now...

http://www.xaron.net/dl/fx/2011/acc_silver_270911_2.png

Transactions:

http://www.xaron.net/dl/fx/2011/transactions_silver.png

Ok, exactly calculated it is +3084% within 28 hours!

Just feel good now, sorry for this pointless thread anyway!

Bravo

i wish you had 10k in the account to start with..now that would be something else

Yeah. But I don't think I would have done this with 10k.

You started using a small account just too to what every forex trader wants to do . Make crazy money... I think you should keep on making 100% return, 50% return trades. 3000% is a bet. If you could keep on doing that 100% even for fun (just like the last trade). You could show us that it's really easy to achieve a goal in the short-term

Pbh

Yep, it was a bet indeed. I had luck that it was a V shaped move without any correction in between.

Well done Xaron. Beers are on you

What ratio of leverage? You musta had a lot of floating profit to be able to add those kind of units. I am jealous.

Wow, nice going Xaron!

Did you ever hear of Larry Williams (famous futures/commodities trader)? He became famous because he made 10,000% return in one year in a public trading contest. After that he became a speaker on the seminar circuit.

Many people don't know that he actually achieved 20,000% return in 1 year ... but then took a 50% loss on the last few trades!

I'd suggest you take out $5k or so, and keep it up!

EZ

Many many years ago ('97 or '98) I did 2076% in one year trading stocks ... your 3000% in a day is impressive!

I took concentrated positions in stocks (only 2:1 margin) ... and the trading was volatile. Sometimes I had -30% drawdowns for the month ... but overall over 1 year I think I averaged 11% per week.

The best trade I ever did was shorting an internet stock (CMGI or something). It fell pretty nicely over 3 days as the market got hammered ... and I covered one morning on a gap down. It continued to fall, and I bought 3k shares, 3k more, then 4k more. Later in the day it rallied HUGE as all of the shorts covered, and ran about 10 points from my average price (about 33% retrace). I punched out with $130k profit in just a few hours! Those were the days! :-)

Concentrated positions can lead to big losses or profits ... but I think the best way to do this is to scale in.

Ex: if you want to use 50% of margin on one position, look for something that is extremely overdone (like gold today ... fell over 100 points in a couple of days). When you think its near a bottom (support, montly pivots or TL or whatever, or MA crossover up on smaller timeframe), buy with 10% of margin, with SL below recent lows. Drill down to smaller timeframe (5 min or 15 min), and look for an uptrend (use MA's). After a small runup, put SL at b/e on 1st position, and add 2nd on a pullback. Repeat till you have your full line.

Now is the hard part ... sit on your hands. Once you are up nicely (its hard to resist the urge to punch out early), continue to wait. Statistically if there is a big move, price will close at/near the high/low of the day. If its moving up and a big move, it will statistically close near the high. Look for short term targets (33% retrace) to exit. There will probably be follow through the next day.

EZ

Thats some kind of a cheat code isn't it? Haha. Thanks for sharing

3000% is peanuts!

100% x 3 trades of 200 pips ^3 times compounded = 2700%

that is some awesome returns. WOW. hahaha. I still can't believe my eyes.
$800 to $17grands in one day. lol. its almost like poker.

Nice work man

Time to take a break dude. Shit like that is intense and can really wear you down. Chillax