Generating income from small high risk account

Does anybody has experience in generating income from a
rather small account (sub 10k) with unconventional
risk between 20 - 30 % per trade ?

I was reading about an arbitrage trader, Davide Biocchi,
who makes 5k from an 5k account. He said one of his
secrets is to stay small, so psychologically he can achieve this
kind of return.
If this is possible in arbitrage, it should be too in currency trading ?

This thread has bother me.

When I first read it, I don't know if I should even reply since it seem everyone is looking for "fast riches" without having master ALL the "3 skill set: Trading Tactics, Psychology, and Money Management". Just because someone have done it doesn't mean you can do it.

Don't even bother with arbitrage because there is no such thing as "100% safe hedge in any market".

As for "achieving high return from small account" there is a person who already done it.

http://www.forexfactory.com/showthre...56#post2318856

The system in that thread is what I used in forex when I start out as a newbie. But now it's in "recycle bin" for lot of reasons ...but not because it's a losing system. So don't let it get to your head that it's a bad system.


Now I don't use anymore because " 1 minute time frame" is just too fast for me.. I have a job I can't spare time to monitor 1 min tf like a hawk...

Like I say before, You need 3 thing to succeed in forex.. What I have shown you is just "Trading Tatics". You still need to master the other 2: Psychology and Money Management. For many people they may never master the "Psychology" .


Side Note: I rarely praise a system and what's worse is that some people think "all I need is the best system is just to click the "Trading System" section" and pick out the active 1500 post then I should be good ". Sometime you can learn a lot from "recycle bin material" ".

I guess you can pun on the word "recycle" in a positive way such as "Take the piece (indicators, rules , people experienced) that you can" and Re-build it to better with YOUR own experience and tools....

If you want to reduce your account to zero then this would be the ideal way to do it.