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High Leverage Trading, Going For A 100 Million, 100% A Week

  • #41
  • Jul 8, 2014 5:06am Jul 8, 2014 5:06am
Quoting albchr
{quote} {image}
as you can see with high leverage it only take one or two trades a week to grow or blow your account no need to over trade what im trying to do is pick the best set-up and see what happens from there
  • #42
  • Jul 8, 2014 5:25am Jul 8, 2014 5:25am
Quoting PoundTrader
{quote}as you can see with high leverage it only take one or two trades a week to grow or blow your account no need to over trade what im trying to do is pick the best set-up and see what happens from there
I hear you. Being in the states as we are 1:50 is cap anyway for me. I'm very conservative and in fact, recently coming to see just a bit too much so. I need to expand my horizons just a little more.
Ghost Rider - WWTBMD?
  • #43
  • Jul 8, 2014 5:33am Jul 8, 2014 5:33am
Quoting albchr
{quote} I hear you. Being in the states as we are 1:50 is cap anyway for me. I'm very conservative and in fact, recently coming to see just a bit too much so. I need to expand my horizons just a little more.
yes we are cap, with my personal account i don't think i have the balls to over leverage my account, maybe with a 1k account but as your account grows to over 100k it would be hard trading like this, i would shit myself everyday
  • #44
  • Jul 8, 2014 5:48am Jul 8, 2014 5:48am
Quoting PoundTrader
{quote}yes we are cap, with my personal account i don't think i have the balls to over leverage my account, maybe with a 1k account but as your account grows to over 100k it would be hard trading like this, i would shit myself everyday
And rightfully so! ... It's all relative too. A 1k account is nothing to some, and everything to others. Wish I had one. I've always been of the thinking that as the account grows, the leverage should shrink. At least that's my plan should ... WHEN I get there.
Ghost Rider - WWTBMD?
  • #45
  • Jul 8, 2014 6:39am Jul 8, 2014 6:39am
look like where done for the week, didn't get 100% but we got 91% close enough, pretty damn good consider it's only tuesday
  • #46
  • Jul 8, 2014 6:45am Jul 8, 2014 6:45am
Quoting albchr
{quote} And rightfully so! ... It's all relative too. A 1k account is nothing to some, and everything to others. Wish I had one. I've always been of the thinking that as the account grows, the leverage should shrink. At least that's my plan should ... WHEN I get there.
if i had this kind of leverage with a 1k account i would go for it but once i reach 10k i would go back to my normal way of trading and make bigger trades as i see fit, even with 50:1 i sometime use 50% of that when i see certain set-up but it still has me
  • #47
  • Jul 8, 2014 7:56am Jul 8, 2014 7:56am
Quoting PoundTrader
{quote}if i had this kind of leverage with a 1k account i would go for it but once i reach 10k i would go back to my normal way of trading and make bigger trades as i see fit, even with 50:1 i sometime use 50% of that when i see certain set-up but it still has me
Me too on all. And.... I don't care how big the account is or what leverage is used. If pushing that button doesn't make you nervous? You're not human. Let's face it, it takes a some guts, courage and strength of will to put hard earned money on the line when the outcome can never be 100% sure. Especially when (unless you're some kind of magician), 90% or better of all trades are going to go at least some pips against you in the course of it.

I only have a very small amount, and although rare if at all these day, I can be aggressive when I want. When 5 or 10 pips the wrong way has you sweating? You know you're way overleveraged!...LOL
Ghost Rider - WWTBMD?
  • #48
  • Jul 8, 2014 11:58am Jul 8, 2014 11:58am
What Is Traders' Block?

The term "writers' block" is often used to refer to a situation wherein a writer is unable to come up with new ideas or content. In forex trading, one might undergo a "traders' block" in coming up with new trade setups.

This can happen under any circumstance, whether you're in the middle of a terrible losing streak or even after enjoying a good winning streak. There will be cases when a trader also freezes in the middle of a trade, unable to make a decision on whether he has to cut losses or book profits by closing early or if he will be better off holding on to the trade.

These situations can be a result of over-analysis or possibly trading burnout. Let's take a look at how traders' block gets manifested in these instances.
The former involves facing too much information that one is unable to put things in perspective and formulate a valid trade idea. A trader might find himself simply staring blankly at the charts or economic calendar but unable to make sense of the data.

The latter has to do with too much stress or pressure at work, whether it's in one's day job or in actual forex trading. This can also lead a trader to freeze in his decision-making processes, as he could be dealing with an overload of emotions at this point. This can also end up clouding one's judgement.

During these scenarios, it might be better to clear one's head and refocus before taking any new trades. Some traders opt to take a quick vacation in order to get a fresh perspective on the markets afterwards. Others try to go back to the basics and review their trade strategies to figure out if those are still appropriate for current market conditions.

The problem with undergoing traders' block is that one might struggle too much in order to overcome it. However, this might do your account more harm than good if you trade under heavy stress or without a clear understanding of what's driving price action.

In a nutshell, you don't have to force yourself to come up with a trade immediately when you think you are undergoing traders' block. Writers who undergo a similar situation don't pressure themselves to come up with an essay or a new novel instantly, as they know that the product will not exactly be the best under the current circumstances. Instead, give yourself and your mind a break, as you try to move on from what's holding you back in coming up with new ideas.

Article Source: http://EzineArticles.com/8035828
  • #49
  • Jul 8, 2014 12:54pm Jul 8, 2014 12:54pm
Good read. So true
Ghost Rider - WWTBMD?
  • #50
  • Jul 8, 2014 1:29pm Jul 8, 2014 1:29pm
Quoting PoundTrader
What Is Traders' Block? The term "writers' block" is often used to refer to a situation wherein a writer is unable to come up with new ideas or content. In forex trading, one might undergo a "traders' block" in coming up with new trade setups. This can happen under any circumstance, whether you're in the middle of a terrible losing streak or even after enjoying a good winning streak. There will be cases when a trader also freezes in the middle of a trade, unable to make a decision on whether he has to cut losses or book profits by closing early...
Thanks for posting that. Good stuff.
  • #51
  • Jul 8, 2014 1:34pm Jul 8, 2014 1:34pm
Quoting PoundTrader
{quote}yes we are cap, with my personal account i don't think i have the balls to over leverage my account, maybe with a 1k account but as your account grows to over 100k it would be hard trading like this, i would shit myself everyday
You mean it's not natural to shit yourself when you trade?
  • #52
  • Jul 8, 2014 2:22pm Jul 8, 2014 2:22pm
Quoting calderone
{quote} You mean it's not natural to shit yourself when you trade?
http://www.easyfreesmileys.com/smileys/lol-046.gif
  • #53
  • Jul 8, 2014 9:49pm Jul 8, 2014 9:49pm
don't look like where gonna take any more trades for the week, the story of my trading life now im bored the rest of the week
  • #54
  • Jul 10, 2014 12:09am Jul 10, 2014 12:09am
While you're bored may I tell you my story of zero to hero (and back to zero). Real money, real life, I started trading a currency pair after a trading break, USD/JPY it was... that just went vertically down many many years ago, might have been during the Asian crisis I can't remember, it doesn't matter. Anyway imagine this, I went from $20k to $500k in two weeks! Just kept adding on, and on and on. At +$500k I thought, wow, if I can do that I can go to $5 mill right? RIGHT???.
Nope, of course lost it all then some in two days!!!!!. Massive psychological damage caused for many many months. All the "if only I'd banked half", "what if" etc.

Now I limit my zero to hero trades to exotic options.

Just before the GFC I bought a "One Touch" on the NZD/JPY for $4k that paid off $100k if a certain outlandish level was reached within a certain time - 3 mths later. So roll forward 3 mths to expiry day and it has NOT reached my level but is 80 pts away with 4 hours left to run. (after 3 mths!). I felt so bad I thought I was actually sick so went to the doctor. I left a call level with my broker to text me if my level traded. So now with 1 hour to go, I'm in the waiting room sick as a dog, the Doctor calls me in and just he's about to say "what seems to be the problem" my text goes off, level reached! OMG the elation!, Suddenly I am better, Doctor thinks he's a legend, I walk out laughing all the way to the bank....

Back to the present, I would love to see a vertical market like those again, but lets face it, they happen so rarely do you really want to mold a strategy around that? Yes... me too haha... so I trade and trade and in my tool box is a rusty old tool that will hopefully get pulled out again some day but this time with a trailing stop loss...
  • #55
  • Jul 10, 2014 6:51am Jul 10, 2014 6:51am
Quoting Hyperion
While you're bored may I tell you my story of zero to hero (and back to zero). Real money, real life, I started trading a currency pair after a trading break, USD/JPY it was... that just went vertically down many many years ago, might have been during the Asian crisis I can't remember, it doesn't matter. Anyway imagine this, I went from $20k to $500k in two weeks! Just kept adding on, and on and on. At +$500k I thought, wow, if I can do that I can go to $5 mill right? RIGHT???. Nope, of course lost it all then some in two days!!!!!. Massive psychological...
great story
  • #56
  • Jul 10, 2014 6:54am Jul 10, 2014 6:54am
we hit the million dollar mark this week and made our 100% this week http://www.cool-smileys.com/images/207.gif
  • #57
  • Jul 10, 2014 7:05am Jul 10, 2014 7:05am
what your seeing is the good side to high leverage trading the bad side will come,
  • #58
  • Jul 10, 2014 7:06am Jul 10, 2014 7:06am
  • #59
  • Jul 10, 2014 7:08am Jul 10, 2014 7:08am
Quoting calderone
just having a little fun with this high leverage trading
  • #60
  • Jul 10, 2014 7:14am Jul 10, 2014 7:14am
Quoting PoundTrader
{quote}just having a little fun with this high leverage trading
I decided to over leverage my live account and follow your calls.
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