As simple as possible: 00 level trading

Quoting Chake

Disliked

I also took the GU to TP. Think i'm finished for the week, this week net + 2.5% (all costs deducted) I have slightly changed some rules so the system suites me better. I could not live with the the fact that for each loss i had to make three winners to break even. When one starts trading bigger size this becomes less important, but for me it was too hard. Can't thank you enough Udine, because you made me realise that you don't have to be in the market all the time. Fast in, Fast out, take small bites. Trading Piranha style It took me a while to...

Ignored

Quoting rcsltd

Disliked

{quote} If anyone ever doubted the power of compounding, if you started with $50k and could do 4.57% every single day it would only take 223 days to become a billionaire. Even if you *only* started with $10k it would still only take 259 days. F@cking amazing!

Ignored

Quoting rcsltd

Disliked

{quote} If anyone ever doubted the power of compounding, if you started with $50k and could do 4.57% every single day it would only take 223 days to become a billionaire. Even if you *only* started with $10k it would still only take 259 days. F@cking amazing!

Ignored

Quoting iwan73

Disliked

Hi Udine. I wonder what trades did you took today. I wasnt sure any setup today so i didnt take any trade. Maybe tomorow will be better.

Ignored

Quoting Udine

Disliked

{quote} not going to show my hand here.. keeping some tricks to myself, but the result for the last few days... and dont start to ask, as I wont tell... Udine {image}

Ignored

Quoting Udine

Disliked

{quote} If you would simply be able to make 1% a day for the rest of your trading carreer, you would be more than fine... dont stare at bigger results... take babysteps.. get consistent, make 1 % a day and come back tomorrow I have said before .. start with 3K, compound 1% a day.. in less than 3 years you would be millionair... where will you be in 3 years time ??? Udine

Ignored

Quoting iwan73

Disliked

{quote} Asking you about tricks was not my intention. During last few months you showed us many of your trades and i asked for nothing more than that.

Ignored

Quoting Masterrmind

Disliked

{quote} Correct there Udine, no one really needs to look at such large figures that's true. Concentrate on 1 to 2 good trades per day and you will see the magic happen...... no need to be in a rush! Slow and consistent like the tortoise who eventually won the race... ps. Hope you have a great trading day....... I have AJ in the bag as you can see above but also took a short on GJ (3pip start above a 00 hence no screen shot). I wasn't game to post up any daily gain > 5% otherwise our friend will have us being billionaires in a few short months..........

Ignored

Quoting Masterrmind

Disliked

Trade #1 AUDJPY +5 TP {image} Masterrmind...........

Ignored

Quoting Udine

Disliked

{quote} agreed... you need to think backwards.... some theory: how much do you need per month, to live comfortably, living without debts..., say 5K (wife, kids, etc.) 5K / month divided by 20 trading days = 250 / day with 50K in an account you need to make 0.5 % a day.... dont focus on the big numbers, focus on realistic goals... in time with compounding, you can grow your account without stress, without hurry... with PDF & BCC.. Udine

Ignored

Quoting Udine

Disliked

{quote} classic Udine

Ignored

Quoting Masterrmind

Disliked

{quote} Just like the good old tortoise....slow and steady! I wish I could live on 5K........... Masterrmind...........

Ignored

Quoting Masterrmind

Disliked

{quote} Here is that GJ trade I took a couple of hours ago. I wasn't game enough to short it from the 700 level...too risky so I waited for it to clear out under the dangling wicks and then I pounced! (I'll delete the post shortly to save confusion............) {image} Masterrmind..............

Ignored