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From $20 to $10,000 in 3 Years

  • #21
  • Dec 5, 2014 2:59am Dec 5, 2014 2:59am
Quoting Agent Orange
{quote} Been trading for 18 months. So i do know the task ahead is not as easy as it seems.
but you will be still doing mistakes. I had the same. Every time I won few trades due to greed with something like 10% profit a day I thought this is it and I know wat I am doing. Then situation was taking me back to earth and few meters below . Seen only few traders here who can do big moeny quick and do it constantly, but most of people fail sooner or later even if they succeed for some time
On my way to financial independence - if others can do it - I can do it
  • #22
  • Dec 6, 2014 7:13pm Dec 6, 2014 7:13pm
Quoting Eur Usd
{quote} but you will be still doing mistakes. I had the same. Every time I won few trades due to greed with something like 10% profit a day I thought this is it and I know wat I am doing. Then situation was taking me back to earth and few meters below . Seen only few traders here who can do big moeny quick and do it constantly, but most of people fail sooner or later even if they succeed for some time
Not disagreeing with you. But I am trying to use this forum as a way to improve my discipline and fine turn my entries so I dont take too many losses.- or probably better put - that my MM allows me to take a few losses but eventually the winners accumulate. I know that this will be a slow process.

But failure and the possible public humiliation, should help my discipline. *Not working so well so far*
Respect the inescapable certainity of Math
  • #23
  • Dec 7, 2014 2:39am Dec 7, 2014 2:39am
Public humiliation don't change anything - been there, done that. You trade for yourself, not for public.
You know what James16 group advices to do? they start trading from 1day charts only. After they master 1 day they go to lower time frames
On my way to financial independence - if others can do it - I can do it
  • #24
  • Dec 7, 2014 2:45am Dec 7, 2014 2:45am
Quoting Eur Usd
Public humiliation don't change anything - been there, done that. You trade for yourself, not for public. You know what James16 group advices to do? they start trading from 1day charts only. After they master 1 day they go to lower time frames
Unfortunately with a $20 account the SL needed for 1 Day TF would immediately eat all my equity. But I will think on this advise further
Respect the inescapable certainity of Math
  • #25
  • Dec 7, 2014 3:46am Dec 7, 2014 3:46am
Quoting Agent Orange
{quote} Unfortunately with a $20 account the SL needed for 1 Day TF would immediately eat all my equity. But I will think on this advise further
not sure how small position size is allowed by your broker, but it is wise to set s/l at 1% risk. That's what I do. Usually 80 pips at 1% risk. If trade goes against me I don't lose much.
On my way to financial independence - if others can do it - I can do it
  • #26
  • Mar 22, 2015 11:41pm Mar 22, 2015 11:41pm
Balance now at $121. Slow going but should now accelerate
Respect the inescapable certainity of Math
  • #27
  • Apr 4, 2016 5:39am Apr 4, 2016 5:39am
Quoting Agent Orange
Balance now at $121. Slow going but should now accelerate
Xup man? Are you still trying this out? I'd like to know your account balance now.
  • #28
  • Apr 18, 2016 12:31pm Apr 18, 2016 12:31pm
Quoting lyondegreat
{quote} Xup man? Are you still trying this out? I'd like to know your account balance now.
his chart is even off Guessing he busted and gave up. Another newbie trader expecting to get rich quick gets a dose of reality. Sad I see this alot over the years
  • #29
  • Last Post: May 1, 2016 8:25am May 1, 2016 8:25am
Quoting card54911
{quote} his chart is even off Guessing he busted and gave up. Another newbie trader expecting to get rich quick gets a dose of reality. Sad I see this alot over the years
Agreed friend.
When the going gets tough , the tough get going
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