14 Year Old Forex Trader's Lessons

the contest is over a course of a month
and last winner got 5240% in that similar timeframe...
wtf

overleveraged he must have caught a move similar to the current USD/JPY uptrend and just ridden it till the contest closed

i must really suck no.1 guy is at 35% just TODAy
and im at 1.8%

why do i think im not leveraging enough for this ?




this is only half the buy orders i put.

i think i messed up in lot calculation and the amount of XX:XX leverage in total, so i just kept on dumping until the margin level seemed "overleveraged"

forgive me i have little experience in overleveraging LOL

wee made 1% so far LOL
the top guys are at 45% today hahahah wtf is this

at least its fun

https://www.myfxbook.com/portfolio/c...apatria/261365

man not even a percentLOL
#832/3287 participants

hope that improves soon especially with the plan with gold

i was just#800 now #300?

didnt even close a new trade

i think the ones on top are the sprinters and this competition is a marathon, theres the easy takers and those dont win but more for a joy-ride, the most likely winners in a marathon are the moderately conservative/but aggresive runners. balanced i should say.

the sprinters are looking for 1% per pip sort of trades... i dont know how the hell they can recover if they lose

a lot of this also is about endurance. too aggresive the sprinter will be too tired to continue. too slow ull be overlapped, just right, u still have gas and breath to continue.

this is competitive and i havent had a good competition for some time so lets do this

going for fun, and trying for the best

lets see how this one goes...

looks HandSy

price cycle done now should grow a little while to the 50%

something else that should make it quite the thrill is the RN 109.
hoping for trapped buy stops in the area.

done and closed
level is almost hit but oh well
its getting late US session anyways



after chart

On another forum people call me HandSy. Kind of weird to see that here.

good luck on the contest. I used to do them all the time but had to stop because I was carrying "contest" style into my live account style and over leveraging.

The style it takes to win those things is to over leverage. It's like the difference between tournament poker and just cash game poker. night and day.

competition so far only up 1%ish on closed trades

but gold rallying really well right now

10% in open trades
that should move me up in the ranks

and that should drop out the guys on the wrong side
screw charting here, i just use a zigzag for wave counts and price cycles and a fib for profit taking levels. everythign else done elsewhere and pre-pared before hand.

oh hey chad
thanks its just for experience and i dont know a test i guess for me whatever it may be.

yes i think thats what the brokers are doing giving the money for the contest style to bring it to live and even though most will blow live theyll still make so much for the spread for the broker..

i think the money is just a bonus. i just never entered one and want to experience it, of course the goal is to win and try the best but also have fun. im competitive guy, #1. A grades at school, one of the fastest sprinters, best at dodgeball, (they never hit me) and am a pretty good fight

but ill make sure i dont carry this into live.

hey even if i dont win im sure the money will come to me. i do believei n the law of attraction and money will come and all that will come to me as logn as i attract it

howre u doing?

PS: HandSy

LAW OF ATTRACTION - Chad and Bumpa are linked somehow.
are u my cousin? uncle? oh i know AUNT!!

ok closed 10%
now i can sleep.

morning trades
66% Ret. + 13 bar count

Gold morning trades
been in and out, scaling in out

38.2 Retracement , phi price range + sextile count

trying to follow the momentum to trip 3100 stops

closde upper two longs

gann said u can always make profit buying selling the 50%
Or trading towards it

like a magnet
gold short scalp

current eu trade