14 Year Old Forex Trader's Lessons | Page 157 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #3,121
  • Oct 17, 2011 1:09am Oct 17, 2011 1:09am
Quoting highlander2
good morning traders
morning john
Have I got something on my face, SOLDIER?
  • #3,122
  • Oct 17, 2011 1:14am Oct 17, 2011 1:14am
Quoting highlander2
good morning traders
Morning John

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,123
  • Oct 17, 2011 1:26am Oct 17, 2011 1:26am
We need to have a goal.

Lets say that we learn to trade and in 6 or 12 month we create and hedge fund
where the money we make we donate to the people in need.

We inject $10000 each, let say 10 traders = 1000000.

Our goal wil be to produce 4% a day. So what that will be after 12 month? Anyone?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,124
  • Oct 17, 2011 1:29am Oct 17, 2011 1:29am
i am short on gold now.

clear momentum, trying to rescue long.
Have I got something on my face, SOLDIER?
  • #3,125
  • Oct 17, 2011 1:37am Oct 17, 2011 1:37am
Quoting mla
We need to have a goal.

Lets say that we learn to trade and in 6 or 12 month we create and hedge fund
where the money we make we donate to the people in need.

We inject $10000 each, let say 10 traders = 1000000.

Our goal wil be to produce 4% a day. So what that will be after 12 month? Anyone?

mla
Of the top of my head- $18127371060.9
  • #3,126
  • Oct 17, 2011 1:41am Oct 17, 2011 1:41am
Quoting highlander2
Of the top of my head- $18127371060.9
lol thats very possible...

i like mla's idea. gimme 2 years mla.
Have I got something on my face, SOLDIER?
  • #3,127
  • Oct 17, 2011 1:43am Oct 17, 2011 1:43am
around $1,400,000. a year.
Have I got something on my face, SOLDIER?
  • #3,128
  • Oct 17, 2011 1:43am Oct 17, 2011 1:43am
Quoting highlander2
Of the top of my head- $18127371060.9
That is a lot of money. Let work towards it.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,129
  • Oct 17, 2011 1:43am Oct 17, 2011 1:43am
Quoting bumapatria
lol thats very possible...

i like mla's idea. gimme 2 years mla.
Why do you need 2 years?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,130
  • Oct 17, 2011 1:46am Oct 17, 2011 1:46am
Quoting bumapatria
around $1,400,000. a year.
Well, that is a lot less than John's calculation.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,131
  • Oct 17, 2011 1:49am Oct 17, 2011 1:49am
Quoting mla
That is a lot of money. Let work towards it.

mla
I think the original calc was wrong, you said 10 traders and 10k each starting capital, so that makes $100000, rather than 1m

therefore 4% on $100000x 250 trading days approx = $1812737106.09

According to the online compound interest calc if found
  • #3,132
  • Oct 17, 2011 1:53am Oct 17, 2011 1:53am
Quoting highlander2
I think the original calc was wrong, you said 10 traders and 10k each starting capital, so that makes $100000, rather than 1m

therefore 4% on $100000x 250 trading days approx = $1812737106.09

According to the online compound interest calc if found
Yes, you are right one "0" slipped.

So what is that 1.8 billion?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,133
  • Oct 17, 2011 1:56am Oct 17, 2011 1:56am
Quoting highlander2
I think the original calc was wrong, you said 10 traders and 10k each starting capital, so that makes $100000, rather than 1m

therefore 4% on $100000x 250 trading days approx = $1812737106.09

According to the online compound interest calc if found
okay lol.

mla, u think i can make 10k in one year? of course i can, from this guy im brokering now, and also my own accoutn... but hell from $1000 one year to $10,000 is um... how much roi? thats like 900% a year.

if i make a normal $10 a day net profit from gold (minus possible losses) x 250 days: im only going to get $2500 dudester.

and this dudes account so around 5% for me, so i think since i trade 5x larger lots with his account, his equity can handle it, so $100 a week is $3 for me. $3 for me is like x 250 is like $750.

Total possible target for 1 year: $750 + $2500 + $1000 = $4250
Have I got something on my face, SOLDIER?
  • #3,134
  • Oct 17, 2011 1:57am Oct 17, 2011 1:57am
Quoting mla
Yes, you are right one "0" slipped.

So what is that 1.8 billion?

mla
yes, if the calculation is correct
  • #3,135
  • Oct 17, 2011 1:58am Oct 17, 2011 1:58am
Quoting bumapatria
okay lol.

mla, u think i can make 10k in one year? of course i can, from this guy im brokering now, and also my own accoutn... but hell from $1000 one year to $10,000 is um... how much roi? thats like 900% a year.

if i make a normal $10 a day net profit from gold (minus possible losses) x 250 days: im only going to get $2500 dudester.
Do not worry about the money. We will found them. Just start to learn how to return 4% a day. I will think about the rest.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,136
  • Oct 17, 2011 2:03am Oct 17, 2011 2:03am
Quoting highlander2
yes, if the calculation is correct
Great, cheese.

Just for curiosity, how much will 1.8b. be after further 12 month?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,137
  • Oct 17, 2011 2:06am Oct 17, 2011 2:06am
gold short doing well, going to close half at x75, let rest run till next demand.

4% a day for me for a $1000 account is $40...

wow. how the hell do i do that?

BIG LOTS!!! lol no..

hmm..

i think its possible but it aint my target.
Have I got something on my face, SOLDIER?
  • #3,138
  • Oct 17, 2011 2:09am Oct 17, 2011 2:09am
Quoting bumapatria
gold short doing well, going to close half at x75, let rest run till next demand.

4% a day for me for a $1000 account is $40...

wow. how the hell do i do that?

BIG LOTS!!! lol no..

hmm..

i think its possible but it aint my target.
Well, you better work towards it, If not I kick your arse.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,139
  • Oct 17, 2011 2:09am Oct 17, 2011 2:09am
aren't you guys dreaming ?
  • #3,140
  • Oct 17, 2011 2:09am Oct 17, 2011 2:09am
im thinking easy 1% a day.
so in a year its 250%.

im sure (inshaallah, and god wiling) it would be more, but the 250% is just a target.
Have I got something on my face, SOLDIER?
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