How I grew $187.91 to $1 Million in 5 years | Forex Factory

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How I grew $187.91 to $1 Million in 5 years

  • #1
  • First Post: Edited 10:20pm Nov 22, 2013 9:16pm | Edited 10:20pm
This is just a dream, but everything starts from a dream.

Trading style is based on:

Indicators
Price action
Support & Resistance
Most importantly, trend following

Risk management:

Never lose more than 50% of each month's beginning capital. This will decrease in time as the equity grows.

Let my winners run and cut my loses short.

I will update this thread every month end.

"Fear prevents possibilities"
Fear prevent possibilities, and so does Greed
  • #2
  • Nov 22, 2013 10:13pm Nov 22, 2013 10:13pm
Bait and switch thread, lame. Why don't you change your title to something more accurate.
  • #3
  • Nov 23, 2013 12:22am Nov 23, 2013 12:22am
Quoting Kanzler
Bait and switch thread, lame. Why don't you change your title to something more accurate.
Give him a break. He has a great vision and you should encourage him.

Have a blessed weekend
  • #4
  • Nov 23, 2013 2:53am Nov 23, 2013 2:53am
Your risk management seems too risky, so you risk up to 50% capital on your first trade of the month ?

May I suggest better strategy, never risk more than 5% of account on trade.
For example: Enter with 25% of account, place stop loss on -20 pips, and you have a nice 5% risk.
  • #5
  • Nov 23, 2013 9:10am Nov 23, 2013 9:10am
Interested,will be watching
  • #6
  • Nov 24, 2013 2:37pm Nov 24, 2013 2:37pm
Quoting korvix
Your risk management seems too risky, so you risk up to 50% capital on your first trade of the month ? May I suggest better strategy, never risk more than 5% of account on trade. For example: Enter with 25% of account, place stop loss on -20 pips, and you have a nice 5% risk.
That's is his monthly cut off, if down 50% STOP trading and work out why, could be 100trades which have caused that loss ( some profitable )

Opening line, it's a dream, so not a bait and switch thread!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #7
  • Nov 30, 2013 11:30am Nov 30, 2013 11:30am
The market has been very good to me this month. Since my system, is mainly trend following, I was able to catch good pips.

GBPUSD - The trend is up, we will see in the next few days if it blows 1.6380. This coincides with the top back in December last year.
EURJPY - The trend is up, but after breaking 139.2, it went back down. Might be a fake breakout.
GBPNZD - This pair is a beast, it moves 50 pips within few minutes.
GBPAUD - I like to trade this pair over GBPNZD because when it moves, it moves fast, but my stop loss is not wide compared to GBPNZD.
USDJPY - This pair requires a lot of patience to get to 100 pips.

Now to my quest, based on my spreadsheet, I need to grow my account by 15.4% EVERY MONTH, which is a very difficult task to do. Just imagine 60 months of trading without any losing month. I haven't heard anyone did that before, but I maybe I'll be the first to crack the code, who knows.

Since I grew my account more than 15.4%, I am on track with my quest.

This is another view of my performance in myfxbook.

http://www.myfxbook.com/members/fxtu...-turtle/755115.

See you all at the end of the month and happy holidays.
Fear prevent possibilities, and so does Greed
  • #8
  • Dec 1, 2013 3:49am Dec 1, 2013 3:49am
in my assessment, I think you are on right track on GBPUSD.on all TF from 4HR to monthly,the pair is bullish.you can expect atleast 8Hrs of upmove when the market opens again
-CKB
  • #9
  • Dec 1, 2013 8:52am Dec 1, 2013 8:52am
Quoting xtrader101
The market has been very good to me this month. Since my system, is mainly trend following, I was able to catch good pips. GBPUSD - The trend is up, we will see in the next few days if it blows 1.6380. This coincides with the top back in December last year. EURJPY - The trend is up, but after breaking 139.2, it went back down. Might be a fake breakout. GBPNZD - This pair is a beast, it moves 50 pips within few minutes. GBPAUD - I like to trade this pair over GBPNZD because when it moves, it moves fast, but my stop loss is not wide compared to GBPNZD....
It's an average, sometimes you'll lose 5% other you'll make 30% hopefully you hit your target on time
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #10
  • Dec 2, 2013 11:01pm Dec 2, 2013 11:01pm
The first day of trading this month took my account down over 6%.

GBPAUD, GBPNZD are going back and forth. Since my system is based on trend following, it whipsawed me a lot of times. I only took one position in GBPAUD and avoided GBPNZD to minimize risk due to this two pairs go hand in hand.

If GBPAUD stalls at the top 1.8060 before London opens I will close it. My max TP is 1.8120

I will continue to hold my GBPUSD unless it breaks 1.6340.

Trade accordingly.
Fear prevent possibilities, and so does Greed
  • #11
  • Dec 18, 2013 9:18am Dec 18, 2013 9:18am
I've been hammered the first week of December. Second week started the recovery with some GU for over 300 pips. It stalled the recovery as GU went back to range. Today was a good day as GBP rallied and I was able to get on GBPUSD, GBPNZD, and GBPJPY.

Hopefully, the market will continue to trend a bit and recovery will be completed by this week and the rest of the month will be targeting for some gains.

I will update at the end of the month.
Fear prevent possibilities, and so does Greed
  • #12
  • Jan 3, 2014 8:55pm Jan 3, 2014 8:55pm
End of December and 2013 results:

All accounts ended negative for the month of December 2013, but positive for the year 2013. The negative result is minimal and DD is within target.

Conservative:
December - 1.25%
Year 2013: +1.75%
http://www.myfxbook.com/members/fxtu...rvative/680334

Moderate:
December: - 1.27%
Year 2013: +14.31%
http://www.myfxbook.com/members/fxtu...te-risk/680675

Aggressive:
Dec: -3.88%
Year 2013: +122.13%
http://www.myfxbook.com/members/fxtu...-turtle/755115

The year 2014 started on a good note and all accounts are currently positive for the month after 2 days of trading and reaching new equity high. Hopefully this will continue throughout the rest of the month/year.

I will update the thread at the end of the month.

All the best for the new year.

Fxturtle/Riskpertrade
Fear prevent possibilities, and so does Greed
  • #13
  • Jan 4, 2014 4:47am Jan 4, 2014 4:47am
Quoting xtrader101
End of December and 2013 results: All accounts ended negative for the month of December 2013, but positive for the year 2013. The negative result is minimal and DD is within target. Conservative: December - 1.25% Year 2013: +1.75% http://www.myfxbook.com/members/fxtu...rvative/680334 Moderate: December: - 1.27% Year 2013: +14.31% http://www.myfxbook.com/members/fxtu...te-risk/680675 Aggressive: Dec: -3.88% Year 2013: +122.13% http://www.myfxbook.com/members/fxtu...-turtle/755115...
.Its looking good , lets hope this continues , we are watching
  • #14
  • Jan 4, 2014 7:22am Jan 4, 2014 7:22am
Absolutely inspiring
  • #15
  • Jan 4, 2014 7:54am Jan 4, 2014 7:54am
Congrats!

Here is why i think you can do it: Your winners are actually bigger than your losers.

Lots of people here know the principal (let winners run/cut losers short),but fail to execute in that crucial area.

I will start a journal soon and you may be interested in peeking at my mm system.

cheers and keep it up,

Cory
press your advantages, not your luck
  • #16
  • Jan 12, 2014 12:50pm Jan 12, 2014 12:50pm
you have chosen wrong broker....pepperstone
they will never allow u to make 1 million dollar.
forget about million you will have problems even at few thousands
you are the creator of your own destiny-Shivyog
  • #17
  • Jan 12, 2014 4:28pm Jan 12, 2014 4:28pm
Quoting lsolanki
you have chosen wrong broker....pepperstone they will never allow u to make 1 million dollar. forget about million you will have problems even at few thousands
Until I have issues with Pepperstone with execution, slippage, etc. I will continue with them. It is easy to blame Brokers for your loses, why don't you MAN UP and take responsibility for your actions.

This thread is not to discuss broker performance, so let's leave it that way

Cheers,
Fear prevent possibilities, and so does Greed
  • #18
  • Jan 18, 2014 8:02am Jan 18, 2014 8:02am
Hello traders,

For the past two weeks after reaching new equity high on the first two trading days of the year, the performance has been hovering up and down without breaking new equity high reached earlier.

On January 17th, I was able to catched the trade on GBPUSD, GBPJPY and GBPAUD and I let the profits run to over +100 pips. These three winning trades alone recovered all the loses in the past two weeks plus gain.

New equity high on all three accounts were again reached on January 17th. I am hoping that the rough patch is over and the account will continue its upward trend. However, there is no guarantee in trading, so as usual defensive trading is employed at ALL TIMES. It means cut my loses right away and small lot sizes.

Reminder: My win ratio is just around 40%, so you will see a lot of small loses, but my average win is almost twice as my average loss.

Conservative account target pip gain per month: At least +500 pips or 2.5% equity growth. Pip gain achieved as of January 17th, currently at +678, but equity growth is not there yet, currently at 2.24%.
http://www.myfxbook.com/members/fxtu...rvative/680334

Moderate account target pip gain per month: At least +750 pips or 5% equity growth (Achieved as of January 17th, currently at +785, and equity growth at 7.73% but it doesn't mean I will stop trading now). The target is measured from first day to last day of the month.
http://www.myfxbook.com/members/fxtu...te-risk/680675

Aggressive account target pip gain per month: At least +1,000 pips or 10% equity growth (Pip gain not yet achieve currently at +887, but equity growth achieved as of January 17th, currently at 16.5%, hopefully, the account will continue to gain more pips.
http://www.myfxbook.com/members/fxtu...-turtle/755115

Cheers,
Fxturtle/Riskpertrade
Fear prevent possibilities, and so does Greed
  • #19
  • Jan 30, 2014 3:35am Jan 30, 2014 3:35am
I am totally disappointed in my performance the last 8 days.

Reason for loses and under performance: Fear of losing. It prevented possibilities in the last 8 trading days.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #20
  • Jan 31, 2014 1:23am Jan 31, 2014 1:23am
Quoting xtrader101
I am totally disappointed in my performance the last 8 days. Reason for loses and under performance: Fear of losing. It prevented possibilities in the last 8 trading days. Cheers, FxTurtle
If you fear losing , then you won't make the money.Besides , you always say to me ,"trade your system " .That message should apply to you as well , as long as you trade your system , that fear should not exist.The system should take care of your losses and your wins.
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