Trumpcard's Mountain of Gold | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Divergent Mountain 5 min Trading System 12 replies

Trumpcard's Journal 47 replies

Swissy Yen Carry...How high is this mountain 0 replies

Attachments: Trumpcard's Mountain of Gold
Exit Attachments

Trumpcard's Mountain of Gold

  • #1
  • First Post: Edited Dec 7, 2011 8:41am Dec 6, 2011 9:12am | Edited Dec 7, 2011 8:41am
In this journal I'll be recording all thoughts and trades using an analogy of levels in a fictitious platform game to set a framework of where I am currently and where I want to be.

I plan to grow a starting sum of $200 into $100,000. There is no set time limit to achieve this. The worst case scenario is Game Over, (account blow out). There are 159 levels (based on the amount of compounding periods it takes to grow 200 into 100,000 at 4%).

Each trade will risk no more than 4% of account equity. $6 was in account at start and $194 has been deposited to bring the starting balance to $200.

Trade 1 entered earlier and target hit.

Current Level: Almost completed level 1: $208 target balance.
Attached Image (click to enlarge)
Click to Enlarge Name: Op Bal and Trade 1.JPG Size: 43 KB
Attached Image
  • #2
  • Dec 6, 2011 10:14am Dec 6, 2011 10:14am
Quoting Trumpcard
In this journal I'll be recording all thoughts and trades using an analogy of levels in a fictitious platform game to set a framework of where I am currently and where I want to be.

I plan to grow a starting sum of $200 into $100,000. There is no set time limit to achieve this. The worst case scenario is Game Over, (account blow out). There are 159 levels (based on the amount of compounding periods it takes to grow 200 into 100,000 at 4%).

Each trade will risk no more than 4% of account equity. $6 was in account at start and $184 has been...
Hi trumpcard

To accomplish your mission to make $200 into $100,000. it needs a 159 level of winning streak without losing, this is kind of mission impossible. in my opinions.
and don't forget about the losing streak. you have about 4% risk and this is very dangerous. your account will blown in 25 losing, 25x4%=-100%.

I'm dont intend to oppose your trading plan.
you have a high wining rate. you will accomplish your mission.

Best luck for you

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #3
  • Dec 6, 2011 4:49pm Dec 6, 2011 4:49pm
thanks Jin for stopping by. Of course there will be losses. I didn't state I intend to have 159 winning trades in a row, that would be super impossible. As my balance grows, I will be able to see what level I'm currently on. Just a bit of a road map of where I am, where I've been and where I'm planning to go. Levels can be climbed and fallen. Might take 10 attempts to move up one level, might take 1.

cheers
Dan
  • #4
  • Dec 7, 2011 12:10am Dec 7, 2011 12:10am
Quoting Trumpcard
thanks Jin for stopping by. Of course there will be losses. I didn't state I intend to have 159 winning trades in a row, that would be super impossible. As my balance grows, I will be able to see what level I'm currently on. Just a bit of a road map of where I am, where I've been and where I'm planning to go. Levels can be climbed and fallen. Might take 10 attempts to move up one level, might take 1.

cheers
Dan
Thanks for your reply Dan,

Quoting Trumpcard
Might take 10 attempts to move up one level, might take 1.
You may need a higher risk reward

Wish you all the best Dan.

Jin shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #5
  • Dec 7, 2011 12:46am Dec 7, 2011 12:46am
hope you succeed but a good start might be with your arithmetic. (184 + 6 = not 200)

Alex
  • #6
  • Dec 7, 2011 8:42am Dec 7, 2011 8:42am
post amended. thanks!

Quoting adowland
hope you succeed but a good start might be with your arithmetic. (184 + 6 = not 200)

Alex
  • #7
  • Dec 12, 2011 9:56am Dec 12, 2011 9:56am
Past Week:

Closed Trades: 9
Trades Won: 7
Trades Lost: 2
Return on previous week: NA



Stats Since 6th December 2011


Closed Trades: 9
Total Trades Won: 7
Total Trades Lost: 2


Total Return: -18.5%
Closing Balance: $163

Current Level: 1
  • #8
  • Dec 18, 2011 8:23pm Dec 18, 2011 8:23pm
Past Week:

Closed Trades: 13
Trades Won: 12
Trades Lost: 0
Break-even Trades: 1
Return on previous week: 244%



Stats Since 6th December 2011


Closed Trades: 22
Total Trades Won: 19
Total Trades Lost: 2
Break-even Trades: 1

Total Return: 180%
Closing Balance: $561

Current Level: 26
  • #9
  • Edited 9:19am Jan 5, 2012 6:01am | Edited 9:19am
Broke cardinal rules about trading when major outside stuff happening and overtraded and all went to hell.

Balance ended up at $28.09 and have since deposited $171.91 to bring the new balance for the purposes of this journal to $200.00.


This journal will also mirror my attempts in the ForexFactory 100 Fold CHallenge. Except that I plan to do better than increase the account 11 fold!
  • #10
  • Edited Jan 6, 2012 9:01am Jan 5, 2012 9:25am | Edited Jan 6, 2012 9:01am
A few trades entered, no more than one live trade at a time.
  • #11
  • Jan 6, 2012 9:42am Jan 6, 2012 9:42am
First week ended. Had a pending trade yesterday with preset take profit which wasn't triggered but should have been and closed. Problem has been rectified but the money has been credited to my account with MT4 recognizing it as a deposit. This slightly alters all the stats, but for the purpose of posting here I will count it as an actual trade.

Currently on Level 6
  • #12
  • Last Post: Jan 13, 2012 4:02am Jan 13, 2012 4:02am
Week 2 Update.

Reducing risk to 2% seems to be working much better. I think one trade went into drawdown of 8%. Last week's closing balance was $256. This week's closing balance is $329.

Currently on Level 12.

Will manually calculate weekly stats in coming days. Trading will be very light next week as I'll be travelling.
0 traders viewing now