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Tim's £500 marathon. Goal £1 million

  • #141
  • Feb 20, 2015 7:48am Feb 20, 2015 7:48am
Trading update:

Took a GBP/USD trade this morning and made a loss of -0.73p, but didn't have time to make a post for it.

Took another trade today, traded the USD/CAD and grabbed 323points, banked £47.26. It has been a successful day for me. Managed to have made a total of £46.53 (6.3% daily return). I'm pleased with today's results so no more trading until next opening.

My account now stands at £744.20
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Trade smart, not hard
  • #142
  • Feb 20, 2015 8:18am Feb 20, 2015 8:18am
Subscribed!
You're doing really well!!
Best of luck to you Tim! Stay focused and keep your discipline.
It won't always be easy! Good job on the Loonie today, by the way.
  • #143
  • Feb 20, 2015 2:54pm Feb 20, 2015 2:54pm
Quoting palabara
I wish you luck Tim, I don't wanna be that guy but.. I've seen many threads like this and I hope yours will the one to do it. Thx for posting the Youtube Video. Its always entertaining to watch other people do it. -- Just watching charlie and his low carb diet.. and I just had a bowl of cereal full of sugar.. I mean literally, I pour sugar in lol. I can see this videos being inspirational.. but, the key is embrace every experience the good and the bad.. and hang in there most give up after few devastation ruling it as impossible.. Anything is possible...
Thanks for the comment

Quoting don73
Hi tim. Goodluck with your goal. Just like you im new in fx trading. Traded demo for a month. TheN go live. but unlike you i trade with very small risk. I actually only trade 0.02 to 0.03lot per trade. im following this thread and see your progress. We trade very differently but i do hope you reach your goal. Goodluck mate..
Thanks mate. Please do follow me on my journey and witness greatness happen.

Quoting bigfixe
I'm impressed with your account in just 2 weeks, I'm planning to start my real account soon but need a little more time and learning experience. I think I have similar approach to trading as you. Hope we can reach the million!! Will continue to follow! Good Trading
Thank you. Nothing but hard-work and dedication on my side, which is why the outcome of my trading results are incredible. For someone who has been studying FOREX for 7months, I believe my trading skill is above the average trader. I have the ability to transform 500.00 into 1mill. Slowly and surely.

Quoting ezcurrency
You know how to make $1 million trading? Start with $2 million! ;-) Seriously, I wish you the best of luck and subscribed to your thread. I know you can do it with dedication. Just remember, you are a risk manager first, a trader second! Preserve your capital and the profits will come. Have you heard of Larry Williams? He entered a public trading contest (results audited), and turned $10k to $1 million in 1 year. Not many people know he actually turned it into $2 million, but took a 50% drawdown near the end! Regards, EZ
Im not too sure what you meant by starting with 2mill to make 1mill, but thanks for the words of encouragement. I never heard of Larry Williams so I had to check him out. He is an amazing trader and very insirational.

Quoting lucacol
Hi, Tim. I think this Why you need to overcomplicating your life? 500 to 1 million it's very difficult It's more easy and convenient reach your goal with 50.000 or with much bigger capital
Hi Lucacol

I think this

How can I overcomplicate my life, if my trading strategy is simple and profitable?

£500 to £1mill is very possible

My vision is much different and bigger than yours that's why I am aiming to make £1m instead of £50,000, with small capital
Trade smart, not hard
  • #144
  • Feb 20, 2015 3:18pm Feb 20, 2015 3:18pm
Hey Tim,

I'm impressed with your result. Good work and discipline you have there. I know early gain can be exciting and exhilarating, but the hardest part in Forex is not to lose them! My early days, I was able to make couple thousands in 1 week, then blew it all in 2 hours. So be careful and do not take excessive risk. I would recommend adding more capital to your account so you'd have more cushion to trade with. Same method, just a bit more $$ could be made. Keep up the good work and see you at Millionaire club!
  • #145
  • Feb 20, 2015 3:18pm Feb 20, 2015 3:18pm
Quoting Doji Star
Subscribed! You're doing really well!! Best of luck to you Tim! Stay focused and keep your discipline. It won't always be easy! Good job on the Loonie today, by the way.
Thanks! I know I am doing well, I try to remain neutral with my emotions and not get to excited over my incredible results. I am highly disciplined and I am prepared for any knockbacks. Stay tuned!
Trade smart, not hard
  • #146
  • Feb 20, 2015 3:44pm Feb 20, 2015 3:44pm
Keep it up Tim, I believe it's possible. Just keep us informed and don't just disappear (whatever happens, good or bad).
  • #147
  • Feb 20, 2015 3:56pm Feb 20, 2015 3:56pm
To recap on for this week:

I have made and INCREDIBLE profit of 125 for this week, and have met my targets.

My targets were to generate 20% weekly return and bring my account to at least 700 and I have exceed those targets as my account now stands at 744.20.

My performance still remains INTACT, by ending this week with a win rate of 70.8%.

Right now I am on fire and have no intentions of cooling down. If I continue to produce such high returns, with a very high win rate at this pace, I will reach my goal of 1mill VERY SOON. It is important for us to set ourselves goals - both long term and short term. Gradually, my short term goals will bring me towards my long term goal.

I have improved greatly and my trading skills is arguably second to none. I will be the best trader that I can be and will be known as the FOREX GOD, who transformed 500 into 1million.
Trade smart, not hard
  • #148
  • Feb 20, 2015 4:30pm Feb 20, 2015 4:30pm
Quoting TimTheTrader
To recap on for this week: I have made and INCREDIBLE profit of 125 for this week, and have met my targets. My targets were to generate 20% weekly return and bring my account to at least 700 and I have exceed those targets as my account now stands at 744.20. My performance still remains INTACT, by ending this week with a win rate of 70.8%. Right now I am on fire and have no intentions of cooling down. If I continue to produce such high returns, with a very high win rate at this pace, I will reach my goal of 1mill VERY SOON. It is important...
LOL

I Believe that You can do it.

But important too is, as you don´t said: "I have intentions of cooling down. "

Stay in the rational mind frame type.

Attached Image (click to enlarge)
Click to Enlarge Name: 846px-Narcissus-Caravaggio_(1594-96)_edited.jpg Size: 180 KB


http://en.wikipedia.org/wiki/Narcissus_%28mythology%29

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While boasting about his achievements, Nebuchadnezzar is humbled.

http://en.wikipedia.org/wiki/Nebuchadnezzar_II

ReAl MoDe: ON
  • #149
  • Feb 20, 2015 4:30pm Feb 20, 2015 4:30pm
Quoting TimTheTrader
Hi Lucacol I think this How can I overcomplicate my life, if my trading strategy is simple and profitable? 500 to 1mill is very possible My vision is much different and bigger than yours that's why I am aiming to make 1m instead of 50,000, with small capital
I'm sorry, I haven't explained well

I meant this:

500£ ----> 1.000.000£ very difficult

50.000£ -----> 1.000.000£ very easy


I meant 50,000£ as initial capital instead of only 500£.
  • #150
  • Edited 5:57pm Feb 20, 2015 5:39pm | Edited 5:57pm
TimTheTrader
No good week .But the target of month is achievable.
You have a good week .Congratulations. Keep going.
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  • #151
  • Feb 22, 2015 6:32am Feb 22, 2015 6:32am
Hi Tim,

Im following your journal with a big interest. You are doing a good job so far!
I'm studying forex for 6 months now and learned a lot from systems at FF, especially from loveevery1.
In a couple of months I hope to be experienced enough to start trading, and be consistantly profitable.

I think 100 pips a week is possible if you stay disciplined!

I wish you all the best!
  • #152
  • Edited 7:51am Feb 22, 2015 7:38am | Edited 7:51am
Stellar performance Tim,Bravo, I say to you! "YOU ARE TRADING IN THE ZONE." From experience am to tell you, there is nothing in the market that can forestall your reaching your set goal in due course. The one thing that can stop you is within you,your mind,if you give room to doubt or pay attention to naysayers,then you can kiss goodbye to reaching your goal,but if you keep your mind securely guarded and your mind`s eye fixated on your goal-then with a winning strategy(like the one you have at hand),a good risk management regime coupled with consistency in trading style and to add,your emotions should stay in check;it would only be a matter of time,you will hit the mark. Stay on the ball brother Tim,your dream lies within the realms of possibility!
  • #153
  • Feb 22, 2015 11:13am Feb 22, 2015 11:13am
Quoting TimTheTrader
To recap on for this week: I have made and INCREDIBLE profit of 125 for this week, and have met my targets. My targets were to generate 20% weekly return and bring my account to at least 700 and I have exceed those targets as my account now stands at 744.20. My performance still remains INTACT, by ending this week with a win rate of 70.8%. Right now I am on fire and have no intentions of cooling down. If I continue to produce such high returns, with a very high win rate at this pace, I will reach my goal of 1mill VERY SOON. It is important for us...
errr,,,,, I don't think so sunshine.

See you have already failed the first test by not keeping your emotions in check.
Just because you had a good week doesn't make you a good trader or even guarantee that these results will be repeated.
As for your thread title,,,,, the question is not can you turn £500 into 1 million . The question should be how long will it take you to turn £500 into 1 million. If it takes you 10 years then you're no Forex God,,,,,, if it takes you 6 months to 1 year then I will applaud you.
.... laughing all the way to the bank
  • #154
  • Feb 22, 2015 11:36am Feb 22, 2015 11:36am
Quoting itsallover
{quote} errr,,,,, I don't think so sunshine. See you have already failed the first test by not keeping your emotions in check. Just because you had a good week doesn't make you a good trader or even guarantee that these results will be repeated. As for your thread title,,,,, the question is not can you turn 500 into 1 million . The question should be how long will it take you to turn 500 into 1 million. If it takes you 10 years then you're no Forex God,,,,,, if it takes you 6 months to 1 year then I will applaud you.


,,,, and by the way,,,,, I have a similar goal,,,,, just that I've started with a fraction of your £500 ,,,,, a very small fraction,,,,
.... laughing all the way to the bank
  • #155
  • Feb 22, 2015 1:22pm Feb 22, 2015 1:22pm
Quoting Tim_isoara
TimTheTrader No good week .But the target of month is achievable. You have a good week .Congratulations. Keep going. {image}
Hi Isoara

Overlook the fact that you were unable to meet out week target, you have on the other hand managed to make an very good return of 10.7%. In my opinion, to make a weekly return of 10-20% is something that only advanced traders can achieve!

Nonetheless, you are close to our monthly goal so that is nothing to worry about. Great results! Keep up the good work.

Lets hope this last week of the month is profitable.

Quoting ExForX
Keep it up Tim, I believe it's possible. Just keep us informed and don't just disappear (whatever happens, good or bad).
Thanks! It is my intentions to document every single trade I make (good and bad), so please do stick around.

Quoting vicentis
{quote} LOL I Believe that You can do it. But important too is, as you dont said: "I have intentions of cooling down. " Stay in the rational mind frame type. {image} http://en.wikipedia.org/wiki/Narcissus_%28mythology%29 {image} While boasting about his achievements, Nebuchadnezzar is humbled. http://en.wikipedia.org/wiki/Nebuchadnezzar_II
Only difference is that they don't trade FOREX, lol.

Nothing wrong with a little bit of self-praise.

Quoting Pipsalon
Hi Tim, Im following your journal with a big interest. You are doing a good job so far! I'm studying forex for 6 months now and learned a lot from systems at FF, especially from loveevery1. In a couple of months I hope to be experienced enough to start trading, and be consistantly profitable. I think 100 pips a week is possible if you stay disciplined! I wish you all the best!
Hi Pipsalon

Thanks for following and taking interest. Good luck with your study and I hope in a couple of months time when you gain the experience, you to can start your own journey! I will make sure to follow you.

You already have the right mindset, so I believe you can do! Practice until you see constant profit!

Quoting Hotkqash
Stellar performance Tim,Bravo, I say to you! "YOU ARE TRADING IN THE ZONE." From experience am to tell you, there is nothing in the market that can forestall your reaching your set goal in due course. The one thing that can stop you is within you,your mind,if you give room to doubt or pay attention to naysayers,then you can kiss goodbye to reaching your goal,but if you keep your mind securely guarded and your mind`s eye fixated on your goal-then with a winning strategy(like the one you have at hand),a good risk management regime coupled with consistency...
Thanks for the kind words Hotkgash. I see so much of myself with what you have said.

Nothing can stop me from reaching my goal!
Trade smart, not hard
  • #156
  • Feb 22, 2015 1:42pm Feb 22, 2015 1:42pm
Quoting itsallover
{quote} errr,,,,, I don't think so sunshine. See you have already failed the first test by not keeping your emotions in check. Just because you had a good week doesn't make you a good trader or even guarantee that these results will be repeated. As for your thread title,,,,, the question is not can you turn 500 into 1 million . The question should be how long will it take you to turn 500 into 1 million. If it takes you 10 years then you're no Forex God,,,,,, if it takes you 6 months to 1 year then I will applaud you.
I am a good trader not only because of the INCREDIBLE results I produce, but because I do what the the 95% of UNSUCCESSFUL traders fail to do and that is to make CONSISTENT PROFIT , REMAIN DISCIPLINED and having the right ATTITUDE to trading. I will continue to reap success as long as it takes me, and I will achieve my goal of transforming 500 into 1mill regardless.

So I tell you what you can do in the meantime, kick back, grab your popcorn and hold your applause until the show is over, because it has just started.

PS.
Maybe you can start a trade explorer so we can see your results, because actions speak louder than words. Anyway goodluck with your journey, because your going to need it.
Attached Image
Trade smart, not hard
  • #157
  • Feb 22, 2015 2:07pm Feb 22, 2015 2:07pm
TARGET FOR THE LAST WEEK OF THE MONTH:

- 10-20% weekly return
- Maintain 60-70% win rate
- Raise account to £800-900

Good luck everyone, and happy trading.
Trade smart, not hard
  • #158
  • Edited 2:51pm Feb 22, 2015 2:08pm | Edited 2:51pm
Quoting TimTheTrader
{quote} I am a good trader not only because of the INCREDIBLE results I produce, but because I do what the the 95% of UNSUCCESSFUL traders fail to do and that is to make CONSISTENT PROFIT , REMAIN DISCIPLINED and having the right ATTITUDE to trading. I will continue to reap success as long as it takes me, and I will achieve my goal of transforming 500 into 1mill regardless. So I tell you what you can do in the meantime, kick back, grab your popcorn and hold your applause until the show is over, because it has just started. PS. Maybe you can start...
TimTheTrader,
I would love for you to succeed,,, no question about that. And you will get my applause if and when it happens.

Its just your unsubstantiated claims that I challenge. You shouldn't be claiming consistent profits with only 24 trades to show.
Now, if you had 1000 trades,say, and the result was positive and a decent return, then yes, you can claim consistent profits. All you have as of now, is some good trades.

Claiming to be second to none in trading ,,,,,lol,,, that was a joke wasn't it? Forex God? Where do get these names from?

I don't need luck in my journey lol thanx for the swipe lol and no,,,,, no intention of having an explorer just yet,,,,, I don't have a thread titled Itsallover 500 marathon Goal 1Mill

You're welcome to visit my journal where I post my trades as I take them

Success in your goal.
.... laughing all the way to the bank
  • #159
  • Feb 22, 2015 2:24pm Feb 22, 2015 2:24pm
Quoting itsallover
{quote} TimTheTrader, I would love for you to succeed,,, no question about that. And you will get my applause if and when it happens. Its just your unsubstantiated claims that I challenge. You shouldn't be claiming consistent profits with only 24 trades to show. Now, if you had 1000 trades,say, and got 600, or,700 winners then yes, you can claim consistent profits. So all you have as of now, is some good trades. Claiming to be second to none in trading ,,,,,lol,,, that was a joke wasn't it? Forex God? Where do get these names from? I don't need...

I've thought about it,,,,, it will benefit me and keep me accountable. I'll start an Explorer and we can keep tabs on each other TimTheTrader
.... laughing all the way to the bank
  • #160
  • Feb 22, 2015 2:42pm Feb 22, 2015 2:42pm
Quoting itsallover
{quote} I've thought about it,,,,, it will benefit me and keep me accountable. I'll start an Explorer and we can keep tabs on each other TimTheTrader
I have my old Explorer which I'll use. I've been testng some stuff on it so ignore anything on there and the clock starts tomorrow for me.
.... laughing all the way to the bank
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