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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

  • #1,181
  • Nov 25, 2013 12:27am Nov 25, 2013 12:27am
Quoting kalastaja
I normally don't trade monday mornings but this one looked too tempting Short nzd/usd, target 60 pips, stop 30 pips. See how it goes, crash and burn is most likely outcome
Closed before stop, not looking good. Never trade monday mornings
  • #1,182
  • Nov 25, 2013 12:31am Nov 25, 2013 12:31am
Quoting jimi
Seems I'm not able to cancel my previous undue posts. Please, anyone could help me to cancel them? Thanks
Click "edit" and remove your post, then "save" or simply click on "delete post".
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,183
  • Nov 25, 2013 1:27am Nov 25, 2013 1:27am
Quoting FerruFx
{quote} Click "edit" and remove your post, then "save" or simply click on "delete post".
The problem is I don't have any "edit" at all
  • #1,184
  • Nov 25, 2013 1:31am Nov 25, 2013 1:31am
Quoting jimi
{quote} The problem is I don't have any "edit" at all
On the top right corner of your post, you should have "edit", "quote" and "cleanup" ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,185
  • Nov 25, 2013 1:39am Nov 25, 2013 1:39am
Quoting FerruFx
{quote} On the top right corner of your post, you should have "edit", "quote" and "cleanup" ...
The strange thing is I have the "edit" only from post # 1176, not before
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  • #1,186
  • Nov 25, 2013 4:23am Nov 25, 2013 4:23am
Just some food for thought on a dull Monday morning (it's very grey and dull here): if this is do-able for 11 winning trades, it should be do-able for 16 trades? Just a few more? I mean, why stop at 11? Starting at just $50 as suggested in this thread, after 16 trades, you will have $1,638,400.

So if it can be done for 16 trades, then surely a few more? Well, get to 36 winners and you can pay off most of the UK national debt with $1.7 trillion .
  • #1,187
  • Nov 25, 2013 4:30am Nov 25, 2013 4:30am
It should not be too difficult for central banks. Just depo 50 usd, give politicians orders to say this today and that tomorrow and in less than two months national debt is gone

Spain or Italy, interested?
  • #1,188
  • Nov 25, 2013 4:37am Nov 25, 2013 4:37am
Quoting jen101
Just some food for thought on a dull Monday morning (it's very grey and dull here): if this is do-able for 11 winning trades, it should be do-able for 16 trades? Just a few more? I mean, why stop at 11? Starting at just $50 as suggested in this thread, after 16 trades, you will have $1,638,400. So if it can be done for 16 trades, then surely a few more? Well, get to 36 winners and you can pay off most of the UK national debt with $1.7 trillion .
lol !!!!!
"Know what you own, and know why you own it" — Peter Lynch
  • #1,189
  • Nov 25, 2013 4:40am Nov 25, 2013 4:40am
Quoting jen101
Just some food for thought on a dull Monday morning (it's very grey and dull here): if this is do-able for 11 winning trades, it should be do-able for 16 trades? Just a few more? I mean, why stop at 11? Starting at just $50 as suggested in this thread, after 16 trades, you will have $1,638,400. So if it can be done for 16 trades, then surely a few more? Well, get to 36 winners and you can pay off most of the UK national debt with $1.7 trillion .
The theory is rock-solid. But in practice, you'd run into market liquidity problems after a number of net winning trades, obviously. Every additional winning trade would be hard on your psyche as well, since you have to 'gamble' half the amount you expect to make. In your example, going from step 15 to 16, you'd place ~800k$ on a single trade - big brazen balls, yeah?
Besides, you don't have access to the same kind of leverage with stakes this high, I think, so your progression might get slowed down for that reason too.

I like the overall concept, though. The net winning trades approach is very interesting.
  • #1,190
  • Nov 25, 2013 5:01am Nov 25, 2013 5:01am
Quoting Jexter
{quote} The theory is rock-solid. But in practice, you'd run into market liquidity problems after a number of net winning trades, obviously. Every additional winning trade would be hard on your psych/e as well, since you have to 'gamble' half the amount you expect to make. In your example, going from step 15 to 16, you'd place ~800k$ on a single trade - big brazen balls, yeah? Besides, you don't have access to the same kind of leverage with stakes this high, I think, so your progression might get slowed down for that reason too. I like the...
You can split it up with many brokers and use a trade copier? For those with balls like watermelons, yes
  • #1,191
  • Nov 25, 2013 5:21am Nov 25, 2013 5:21am
Quoting jen101
{quote} You can split it up with many brokers and use a trade copier? For those with balls like watermelons, yes
The best way with this concept is : higher the level, lower the risk.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,192
  • Nov 25, 2013 5:43am Nov 25, 2013 5:43am
Quoting jen101
Just some food for thought on a dull Monday morning (it's very grey and dull here): if this is do-able for 11 winning trades, it should be do-able for 16 trades? Just a few more? I mean, why stop at 11? Starting at just $50 as suggested in this thread, after 16 trades, you will have $1,638,400. So if it can be done for 16 trades, then surely a few more? Well, get to 36 winners and you can pay off most of the UK national debt with $1.7 trillion .

please re-read the post #1:

"
10) What to do after making $50,000
After reaching $50,000 (or whatever you feel comfortable with), you should start trading lower leverage and lower risks. Here is what I would do, but you can do whatever you want.
"
  • #1,193
  • Nov 25, 2013 6:07am Nov 25, 2013 6:07am
Quoting jimi
{quote} please re-read the post #1: " 10) What to do after making $50,000 After reaching $50,000 (or whatever you feel comfortable with), you should start trading lower leverage and lower risks. Here is what I would do, but you can do whatever you want. "
You didn't honestly believe I was serious did you?
  • #1,194
  • Nov 25, 2013 6:14am Nov 25, 2013 6:14am
Quoting jen101
{quote} You didn't honestly believe I was serious did you?
Of course he believed
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,195
  • Nov 25, 2013 7:01am Nov 25, 2013 7:01am
Simple question..

How many of you feel you can go 5 for 5 trades? can you win 5 in row?

If the answer is yes.. then the quest to 40-50K is very much do able with some smart realistic MM.



by the way, where is the OP 2r2? did you guys ran the poor guy off.. lol
Passion, Persist, Patience, Protect
  • #1,196
  • Nov 25, 2013 7:25am Nov 25, 2013 7:25am
Quoting FXEmpire
Simple question.. How many of you feel you can go 5 for 5 trades? can you win 5 in row?
The deal here isn't to make a sequence of winners in a row ... but X net winners.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,197
  • Nov 25, 2013 7:27am Nov 25, 2013 7:27am
Quoting FerruFx
{quote} The deal here isn't to make a sequence of winners in a row ... but X net winners.
sure, but to get to net win at some point ones got to mustard a few winners in row at 50% risk per trade deal..
Passion, Persist, Patience, Protect
  • #1,198
  • Nov 25, 2013 7:35am Nov 25, 2013 7:35am
Quoting FXEmpire
{quote} sure, but to get to net win at some point ones got to mustard a few winners in row at 50% risk per trade deal..
Yes of course but you only need few times 2 winners in row to reach your goal ... according to not have also few losers in row !

The important is that overall there's more winners than losers ... even if the sequence need 50 trades to achieve the X net winners.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,199
  • Nov 25, 2013 7:42am Nov 25, 2013 7:42am
Quoting FerruFx
{quote} Yes of course but you only need few times 2 winners in row to reach your goal ... according to not have also few losers in row ! The important is that overall there's more winners than losers ... even if the sequence need 50 trades to achieve the X net winners.
however way you look at it one needs to win 3 before losing one at least to have a slightest chance.. preferably win 4 before losing 1.. if you got doubt ask the guys who are actually doing it.. any less than this its like hamster on wheel.
to win this task one needs at some point or anther go on a run of 5 to be minimum, that's the realistic way to look at it.
Passion, Persist, Patience, Protect
  • #1,200
  • Edited 8:04am Nov 25, 2013 7:50am | Edited 8:04am
win-win-win-win-loss- win-win-loss loss.. and wiped.

10 trades for 6-3.. here is more winners than losers.. and result.. account wiped.


i don't know maybe i am missing something!
Passion, Persist, Patience, Protect
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