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1k to 3k (demo) in 1 month

  • #1
  • First Post: Edited Nov 26, 2011 9:06pm Nov 10, 2011 1:10am | Edited Nov 26, 2011 9:06pm
IBFX AU
10166860
investor1
ID01




Im going to turn 1k to 3k , Though its Demo, Im doing this to self challenge, and learning with public. All criticism for every single trade will be taken into view and explained. any questions are welcome and how i manage this account.

This is a proper way to trade, and how i trade live.

My principle is, it does not matter how you trade, it only matters how you know the price moves ,capture profits, manage your losses .

10 nov - 10 dec

Feel free to view!! not selling anything so dont ban me thanks.
  • #2
  • Nov 10, 2011 1:42am Nov 10, 2011 1:42am
Good luck
  • #3
  • Nov 10, 2011 2:15am Nov 10, 2011 2:15am
Quoting EdgarNg
IBFX AU
10166860
investor1
ID01




Im going to turn 1k to 3k , Though its Demo, Im doing this to self challenge, and learning with public. All criticism for every single trade will be taken into view and explained. any questions are welcome and how i manage this account.

This is a proper way to trade, and how i trade live.

My principle is, it does not matter how you trade, it only matters how you know the price moves ,capture profits, manage your losses .

10 nov - 10 dec

Feel free to view!! not selling anything so dont ban me thanks.
I turned a 100K demo account into 100 Million, demos mean nothing.

Try taking $100 trading micro lots and turning that into $300 in 3-6 months. Far better learning experience for you.

scfx
The best indicator is price.
  • #4
  • Edited 9:40am Nov 10, 2011 2:25am | Edited 9:40am
Quoting scfx
I turned a 100K demo account into 100 Million, demos mean nothing.

Try taking $100 trading micro lots and turning that into $300 in 3-6 months. Far better learning experience for you.

scfx

your very wrong, demo and live is the same in technique sense. if you say that demo and live is different. this just shows your level.

sorry but if you can show me your 100k demo to 100 million, i will say you are pro, why are you even here in this forum. not in one trade ofcourse , and ofcourse over a series of months/years, 100k to 100 million . thats 100,000% return , if you can do it in demo, you can do it in live. if there is a HUGE difference, this thread is not for you, go to rookie discussion please. im just focusing on techniques and practicality. sorry for being abit harsh. Criticism welcomed for trading purpose. not to discuss about demo/live. I wont show my live to strangers on the internet


I didnt force you to watch the account, watch and learn together if you want, if not feel free to close the page.
Edgar,


PS: it is different in emotion sense, but technique? same. if you can do it in demo, you can do it in live. the difference is slight, but be professional if we are in this industry? you get me alright.
  • #5
  • Nov 10, 2011 2:47am Nov 10, 2011 2:47am
EU : Now market is retracing but in a strong down trend, however market has already rallied for quite some time, more than 300 pips.

it is dangerous to entry a short nor long here.

Reduced risk play is recommended, thus that is what i am doing.
Small lots. No clear entries, only clear trend. But it has to stop somewhere, and it will be any time, anywhere.
  • #6
  • Nov 10, 2011 2:53am Nov 10, 2011 2:53am
Have to agree with scfx on this one. I've doubled many accounts on demo........live trading is very very different - yes techniques are the same, but emotions play an enormous role.

I agree, $100 to $300 would be much more interesting to watch.

Either way, I think it's a great challenge

Quoting scfx
I turned a 100K demo account into 100 Million, demos mean nothing.

Try taking $100 trading micro lots and turning that into $300 in 3-6 months. Far better learning experience for you.

scfx
- Look to the left, Trade to the right - I am the system
  • #7
  • Nov 10, 2011 2:55am Nov 10, 2011 2:55am
Quoting EdgarNg
your very wrong, demo and live is the same in technique sense. if you say that demo and live is different. this just shows your level.

sorry but if you can show me your 100k demo to 100 million, i will say you are pro, why are you even here in this forum. not in one trade ofcourse , and ofcourse over a series of months/years, 100k to 100 million . thats 100,000% return , if you can do it in demo, you can do it in live. if there is a HUGE difference, this thread is not for you, go to rookie discussion please. im just focusing on techniques...
this is where you're wrong..... emotion is 90% or more of it... following a plan on demo means nothing as there's no emotional pressure.. you want to learn to trade, trade real money. Demo's are for idea development and looking at a new platform.

you will discover this when you go live.

scfx
The best indicator is price.
  • #8
  • Nov 10, 2011 3:33am Nov 10, 2011 3:33am
mm i've been live for more than 3 years . either way im doing this for fun demo/live is the same to me )
  • #9
  • Edited 9:21am Nov 10, 2011 8:01am | Edited 9:21am
Whether demo vs live is the same or not depends on two critical factors:

1. Your rigid dedication to trading your plan (i.e using your fixed stops if used and sticking to them, managing your trade in a robotic manner etc)

2. Your ability to trade live with no emotional attachment to the trade.

To simply say that demo trading is very different to live trading assumes that we all trade with emotions involved. I know emotions are involved in my trading and therefore demo is very different to live for me but I also accept that some people are able to trade without a single extra heartbeat or any clouded judgement. Really, this is the trading nirvana that we should all be trying to reach.

To save the trouble, why don't you just open up a small account and trade that for all to see? It'll mean more to you and stop all these people arguing with you?
  • #10
  • Nov 10, 2011 8:06am Nov 10, 2011 8:06am
Ok Sure after i finish this demo.


nice video share with u guys

Inserted Video
  • #11
  • Nov 10, 2011 8:25am Nov 10, 2011 8:25am
Quoting Trotty
Whether demo vs live is the same or not depends on two critical factors:

1. Your rigid dedication to trading your plan (i.e using your fixed stops if used and sticking to them, managing your trade in a robotic manner etc)

2. Your ability to trade live with no emotional detachment to the trade.

To simply say that demo trading is very different to live trading assumes that we all trade with emotions involved. I know emotions are involved in my trading and therefore demo is very different to live for me but I also accept that some people are able...

Finally someone knows what theyre talking about. they should be thankful im opening this to the public viewing. my strategy, publicly.

i might even lose this 1k, who knows. nothing is 100% . accept it, trade it. win it.
  • #12
  • Nov 10, 2011 6:13pm Nov 10, 2011 6:13pm
I have to agree with Edgar.
I trade demo's alongside real accounts.
There is no difference that I can see.

The only difference might be in your head? but technically its the same.
  • #13
  • Nov 10, 2011 8:38pm Nov 10, 2011 8:38pm
EdgarNg


I am excited to watch the progression of your journal. I hope you achieve your goal.

What pairs to you like to trade? Are you planning on posting your charts and analysis so we can get an idea of what you are seeing in the market? I am a firm believer in posting charts with your analysis, it's much easier to get a grasp of what you are seeing when placing your trades.

Regards

Jeremy
"More important than the quest for certainty is the quest for clarity"
  • #14
  • Nov 11, 2011 12:00am Nov 11, 2011 12:00am
Hello all, Thanks for feed back!! Ok if you login to my account, you can drag the trades from my history, if you want me to clarify that trades i would be more glad to do it! , but i cant post every trade, its just too much work as i on / off trades often in real time. i only Trade the EUR/USD , sometimes other pair if there's exception like the eurchf peg or usdjpy intervention

sometimes PA changes my decision like a speed of light.
  • #15
  • Edited 8:58pm Nov 16, 2011 1:16pm | Edited 8:58pm
Update : Equity 1286

$286 profit / 7 days = $40 per day avg which mean $40/$1000 = thats 4% a day return

doing badly cause i risk so so little

Days left : 23

projected profit to come 23*40 = $920 only

1286+920 = 2206 only

I'll have to up my gear in risk!
  • #16
  • Nov 18, 2011 5:17am Nov 18, 2011 5:17am
Attached Image (click to enlarge)
Click to Enlarge Name: statement1d.png Size: 56 KB


November 10-
november 18

37% return within 8 days. with minimal risk

all trades simulated alongside a live account, live account grew 156% with higher aggressive plays
  • #17
  • Nov 21, 2011 5:12am Nov 21, 2011 5:12am
Market not as volatile as expected for greece woes.


this might put me behind on my performance, then it causes me to risk more in the future.
  • #18
  • Nov 26, 2011 8:32am Nov 26, 2011 8:32am
Attached Image (click to enlarge)
Click to Enlarge Name: statement2.png Size: 51 KB


Balance:1538.58
Equity 1550.88

Profit : 538.58
ROI : 54%

November 10-
november 26


Under performing..
  • #19
  • Nov 26, 2011 8:51am Nov 26, 2011 8:51am
*NOTE** all trades simulated alongside with Live account, whatever trade i made, my live account made them.


why i am underperforming is because i am controlling risk and made some mistake last week. see the 2 lot loss. that is bad trade.
  • #20
  • Nov 26, 2011 9:07pm Nov 26, 2011 9:07pm
I added Trade explorer to this thread, can you see it?
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