Tim's £500 marathon. Goal £1 million

Lol Tim, you are funny, I'll give you that.

Ok. I think you will end up just talking to yourself. Realistically, any TE less than 6 months old is meaningless. EU will change direction before then. You will find that most people here can have fairly decent winning streaks. Good bye.

Some Motivation

I'll toss in my 2 cents and say this.. 10 years from now I'll still be here -- but will see if you will be ? Why because its been 10 years and I'm still here.. But technically its been 14 years.. Am I a millionaire - no. am I offended by you - no. What I am is a full time trader. Do I really give a rats ass what forex does on a daily basis - no. I used to be a gungho trader.. Watching analyzing. being pumped and happy and over time.. this becomes like a stale marriage.. the "excitement is all gone" it just becomes so routine that every so often you get a bit of ooh for a few mins like the CHF thing.. got me peaked for 5 mins till it was like eh okay moving on.. The bottom line is.. I am all for pumped energy because it excites me like giving this old wife a zapp in the ass.. but in reality only TIME matters because if you can do this 5 years from now then I will tip my hat and say tim here is my tipped hat.. but at this point its entrainment for me. Like watching NASCAR sorry to say but you wait for the crashes to peak your interest lol. At least thats why I think people watch NASCAR..

I won't lie. I got burned many times by forex until I became consistent. I am a slow dumb horse.. I am not ashamed of it, It took me a long time to become consistent over a LONG period of time were talking YEARS not months. I trade on my comfort level and my ambition levels are not being a millionaire, same equivalent as not everyone wants to screw Pamela Anderson when she was hot in the 90's or if she was ever hot I don't know.. Never found her to be that attractive same as peoples goals are different after I realized I am slow and stupid, my goal became to be consistently profitable which I achieved, and I don't need anything more then that. I get to spend time with my son, I am at school and will continue to be at school till I observe all human knowledge on earth and become Odin. My point being is regardless of how long it takes be it months or years or a life time in the long run it really doesn't matter. Its equivlence is the same as being "Popular" in high school 10 years from now no one will give a shit about your high school popularity when your working as a plumber. However long it takes if the goal is achieved and PROVEN over a period of TIME not a week or a month or 20 trades.. but 5 years of consistency or even 3 years and you could say yeah I've done it and I am going to my millions, but hey.. what do I know. I'll just keep watching this NASCAR

Just to add, I say it like it is too, and I have nothing to prove, why because I really don't give a rats ass.. I don't need to display anything for the world or forex, because there is no point.. I offer no help by saying hey look at all I am doing.. People know my credibility based on my knowledge and experience and even that in essence is pretty pointless. There is no point if someone knows I am doing good or bad. How does it benefit them? How does it benefit me? The true benefits lay in what you can teach others, but even that is lost on most people because they all look for the shortcut to success, and when they can't find it they say its impossible because they didn't want to take the long way.. Either way as I always say I don't lose sleep at night on what goes on FF I've been around long enough.

I'm shorting the equity curve for 10$ per 1%. SL at 100%, TP at 30%. Will close the trade after 14 days if both aren't hit.

Target for this month..up to 60% - 70% Gain

Anything above this target the its even better

I don't care if you think this is to high, remember we are not on the same level.

Sounds like you could be a great candidate for the ice bucket challenge.

I'm curious to see how you'll fare over the course of the next six months and how far you'll take it.

LOVE the caveat... "if she was ever hot" (Personally I say yeah, she was at the very first, before she became a household name... but that was before the Hollywood makeup artist types got hold of her.)

As long as you are playing with the "house's money" it does not matter Tim.

Besides, you have no choice but to go "all in"

http://ak.picdn.net/shutterstock/vid...ir-of-aces.jpg

As long as I trade strategically and follow my system, that's what really matters. I am not all in all. I dont risk everything. I have way way of dealing with risk and maximizing my profit, which is why I am able to make such high gains daily, that only the highly skilled and advance traders can achieve, unlike others who can only achieve a mere 2%. At the end of the day, I am always like this instead..

Hello Tim
I think you're far more likely to lose your £500, but good luck with the dream. There's not enough profit in the lower timeframes, so stick to the larger moves on 4 Hour and Daily.
Sadly, it's almost necessary to lose large amounts before you experience success. Don't give up!

Took two losses today down by -9%, so no more trading from me today...

Anyway here is my a brief history of my p/l...

Tim, honestly..do you really think you need some motivation? I thought that too for quite some time..and all I needed was to be honest to myself. Facing them fears.. You don't have any? Sure..neither had I..at least untill I realized that fear is nothing but a friend.

FEAR = Fealing Enthusiastic And Ready.

Yeah, an open gate for better, for growth, for realizing Who I trully am and not Who I though I should be, proving my worth, my value, my quality, my abilities etc while actually being "uncomfortable" when somebody or something would hint that .."man, maybe, you aren't that sure about yourself as you try to be/sound". And at that time I'd swear I am 150% sure about all I say.. Yeah, I was..yet I wasn't, there was more to open to..and that's where doubts can be of great help. And brutal honesty follows right after that. Through that you bring up the "unwanted" and that what no longer serves you as well as lies or missunderstandings to the light. And there it looses the power it had over you.

But again, I like you & appreciate you. I wasn't that much of a showman throughout my trading years, some 13years now, but I was a lot into motivations and big dreams, big payoffs, big results. I still am for it's who I am, beyond special man able to create miracles..literally.

It just lost & looses it's "gotta prove this one" charge on it. The only reason I wanted to prove that was that it was too big too receive such awareness. It still is to some extent and will likely always be as long as I live. Yet I accept that way more now and there's quite a relief in that! Yeah..peace..

As long as you are gungho about results you are in deep troubles. Why? Because life is here to show you that what matters is YOU..not Results. So you'll experience no results & bad results. Will you be able to relax there in the face of these and keep going knowing you rock anyway? Knowing this sets you free.

Yet..it's quite challenging..but the only way to go if you really wanna have your life working for you and on your behalf..enjoying the heck out of every moment no matter what the moment is while being at great peace with it all.
Peaceful enjoyment? Sounds impossible? Well it no longer does sound as crazy to me.

Anyway thank you for you being you, it's entertaining and inspirational and I thank you for that.
You rock Tim, do you really know it or do you just think you know it?

Btw I do wrote it for myself in the first place, it helps me acknowledge "my stuff". Should it be of value for you or others, great but that's up to you and others. You are sovereign.

Good luck bro..it's true nothig is impossible.
Show the world how it's done, it's also my motivation.

go bro..go...

Congrats for having the balls to start the thread Tim. I would suggest that 5% risk per trade is too much and that serious/professional traders would never risk that much, and neither should you.

I don't exactly know but I expect there are not a lot of arrogant professional traders around, because the market is very humbling. U will not turn 500 into 1 million on this thread, and I am not being negative - but it just does not matter.

The fact is u have a good enough strategy, and u are consistent which is crucial, and it appears that u are a good trader. If u stick at it u have the potential to be a very good trader.

Something which is important for you to understand well, is what it is that kills most traders other than leverage, because everyone knows how deadly leverage is. I am talking about volatility.

U state a monthly goal of 60%, in a vocation where a consistent 100% a year would make u a rock star, which makes me wonder why u may be setting yourself up to fail. Please consider the following scenario.

1% a day profit would provide a 260% a year non compounded return, so even a half percent a day with a low drawdown would more than double your money every year. Before completing a year of those results on a MAM account, many people would link their account to yours. If your followers added up to a million in funds, and u charged them 20% of their profit, a half percent profit a day would net you 20k a month.

The fact is that u can achieve much more with 1% a day growth and a low volatility equity curve than u could achieve with a 5% a day return on a high volatility equity curve.

It's early days however - so have fun the and keep rocking!

I love taking risks...As long I can manage it, then there is nothing for me to worry about. 5% risk comfort level.

Its a good thing, i neve traded eur/usd any more, lol...Im just going to wait and see what happens

5% account equity is indeed a lot to risk, but stating it is overzealous with regards to what a professional trader would do is quite unfair. As sweeping statement as it may be, and maybe only generally applicable to traders, there are many times when a 'bet the bank' scenario has came up in my life, as with other successful traders near me.

And I assure you, there was good reason to bet the bank on such trades.

I dont listen to all that text book stuff 2% rule..I make my own rules. 5% is my rule. At the end of the day scared money dont make no money. 2% is baby money in my eyes. It all comes down the the traders comfort level of risk.