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

yes it was "you" 963%

I have never successfully done it with forex, but I've turned $288 into $211,000 with penny stocks. http://www.forexfactory.com/showthread.php?p=7269430

And it took me a lot more trades... 70 trades to do this. I'd like to talk to some good forex traders and see what we can pull off with forex.

Talk to the guy above (or maybe a girl, who knows) if you don't get anywhere with him on trading you surly would on music videos collection focus bitterness, lol.

Great thread! I have always liked the unorthodox and rebellious ideas against the society.....or forex in that case
From the psychological point of view some people perform better under pressure while others don't ...it might be their edge.
Other plus might be that you have to make less decisions and when you have such aggressive mm you tend not to over-trade and become more patient if you lack that ability- I know I do! And if you loose financially,well... don't forget what you gained during the ride and make a selfie with your pc screen after each winning trade!
I will give it a go!

Started 2 January with this system, slightly twisted.
Initiall capital is private "issue", (very small amount).
System : "Hocus Pocus" Elliot wave and Fibos in time and price.

MM: Intital risk on every position, 50% of total initial capital (though positions were always divided by 2, one short term, one long term).
The plan was to let winners run, and not limit them to R 2, etc...

Results so far:
30 Trades.
23 winners.
R expectancy: 0,34.
Initial Capital growth: 383.5% (in less than 2 months)...with real money.
So far my best performance...ever.

If it keeps growing I will hit margin limitations sooner or later this year....would adjust position size accordingly.

My only worry is my biggest R winner was only R 2,14...which is small...
I work hard to let winners run...in the moment I have an open position with a winner stop, but it needs to grow more, TP is set at 6 R plus...I trail a dayly stop....
On the other hand, constant small winners make the system more and more durable against what I call "black widows" (initial stopped out double position)

Guys, in my humble opinion, the secret is to fight with all your might to get big R winners...one big R in 30 trades, say of 6 or 7, has the potential of neutralizing those inevitable "Black Widows", that knock every traders bottom line...they are powerfull.
It´s a very fine gamble...BIG bOYS will do any stop hunting trick to knock your runners and fly away without you...they know there´s the money...

Check the multipede thread, people invest multiple postions on weekly and monthly trends...some are buying new houses in the end of the year...and I believe them, they shoot for R 50 and more...patience and big winners...it´s an old effective formula...
The famous "turtles",decades ago, would have sometimes one big winner in a year, that would break the balance on their favour...


sorry for the long message..
all the best...

"Check the multipede thread"

Cuchuflito,

Do you mean the "Equity Milipede" thread?

Thanks and congrats on your success so far...

Exactly Scarlett, that´s multipede thread, correct...

Also I made a mistake where I wrote: "Intital risk on every position, 50% of total initial capital"
I meant 50% of total capital after last trade (win or loose), plus initial capital..

Have an excellent Weekend...

Also I made a mistake where I wrote: "Intital risk on every position, 50% of total initial capital" I meant 50% of total capital after last trade (win or loose), plus initial capital.. Have an excellent Weekend...[/quote]
Ok, so if your initial capital is 500 and your gain is 200, then you are risking half of initial, 250 plus half of gain 100 for a new risk of 350?

Can you give an example if this isn't correct?

Thanks....

Ok, so if your initial capital is 500 and your gain is 200, then you are risking half of initial, 250 plus half of gain 100 for a new risk of 350? Can you give an example if this isn't correct? Thanks....[/quote]

yes:

Initial 500 (risk half)
gain 200
Now your "intial" became 700
Risk 350
But then you loose 350
Risk 175
Hit a 3 R winner, and win 525
Now you have 875
and so on.
I run a simple excell file where It crucnhes:
Total gain or loss,R expectancy (this is the most important), best winner, worst looser, percentage winners, av. winners and loosers...Av. R.winner, av. R looser.
It shows me at a glance where are my weaknesses and strenghts....

The beauty of this MM, is that the "Black Widows" have a massive negative impact, and forces you to "fight" for big R winners, which is for me the key to success.

In my case , since the initial was much smaller than my total capital, I keep on adding my initial to whatever result..now it starts making less impact on the total...but in the beginning it does.
You can manipulate the numbers to make you feel comfortable...it´s your game.
One important thing is to equalize the size of every possition to your numbers, and not to lots.
That´s why I trade OANDA, free of lots...the smallest lot is 1 cent. (by the way, OANDA is not my "personal friend", they trick like most brokers)
I test systems with pennies, better than demo, you loose or win 1 Euro, and it´s different psycologically than virtual money...
Once I feel comfortable I increase my R.

Hope this is usefull, you might have better ideas anyway..

all the best
PS it´s all about fun....

[PS it´s all about fun....[/quote]

Thank you, Darlin'

just for pure curiosity: since this thread is 6 months old....did anyone manage to achieve the goal of thread starter ?

I havnt. I have found real discipline is needed after you get past tier 5. I have done it 3 times. Maybe the 4th will be the charm.

Anyone care to provide an update?

it very posibbe i have try it 80% - 90% a day it can make 1000% in 10 days....with my formula hehe

No matter the formula, that's not what will make you profitable. Of course the MM can accelerate your success (or ruin) ... But what make profitable is your trading itself.

well, actually, 5 months ago, there's someone who made it to 58782% in 42 days. maybe he was just lucky, or maybe he is a professional. but whatever it is, that's just awesome. and it's kind of one in a million..

I don't think you can be lucky for 5 months, he is very good imo

yes, you're right. 5 months with 'that' level of lucky means you're a pro among pros, you'll be a new legend..

Exactly Ferru
any positive edge, applied to this MM, should get high ....
Personally I´m at 387% increase since 1 of January....start capital for this experiment was tiny...but starts to look like a number by now..
I risk 50% of my last result plus original capital every time...the difference is I don´t shoot for 1 to 1. ...I have ma stop , and let it run according to system,
The system has a positive expectancy since 43 trades, so that´s my main indicator.After 100 trades I will feel more sure...time will tell.
It´s all about an edge...It took me years to get a little edge, I´m holding to it with my teeth...