jdtradr, good luck with this experiment, kick some arse man
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
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{quote} Good luck there are lots of other traders like you who made a forum like this only to see them fail. Just out of curiosity how much trading experience do you have?
Been trading on and off since 2008
Life and other factors seem to of got in the way
Putting a lot of effort in now to push myself.
And yes with such a Low Balance I could Fail and Bust but hopefully not.
Trade the account up and see where it leads..........
Either going to be another Boom and Bust Thread
or
A great thread showing a Micro Trader growing into a Profitable Pro Trader.
Its going to be a journey
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
3.0%
- #43
- Oct 4, 2015 7:24am Oct 4, 2015 7:24am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} Yeah I don't doubt it. Been trading on and off since 2008 Life and other factors seem to of got in the way Putting a lot of effort in now to push myself. And yes with such a Low Balance I could Fail and Bust but hopefully not. Trade the account up and see where it leads.......... Either going to be another Boom and Bust Thread or A great thread showing a Micro Trader growing into a Profitable Pro Trader. Its going to be a journey
I hope you can do it.
- #44
- Oct 4, 2015 10:07am Oct 4, 2015 10:07am
- Joined Oct 2014 | Status: the mighty duck | 1,035 Posts
{quote} Yeah I don't doubt it. Been trading on and off since 2008 Life and other factors seem to of got in the way Putting a lot of effort in now to push myself. And yes with such a Low Balance I could Fail and Bust but hopefully not. Trade the account up and see where it leads.......... Either going to be another Boom and Bust Thread or A great thread showing a Micro Trader growing into a Profitable Pro Trader. Its going to be a journey
the key is "know to stop playing". that is the hardest, cause not every market move we can play.
we don't predict, we only ride
- #45
- Oct 4, 2015 10:16am Oct 4, 2015 10:16am
- Joined Oct 2014 | Status: the mighty duck | 1,035 Posts
especially if we are a daytraders.
in one day trading day, there we could enter the market several times. that is the hardest decision because in there hide our greatest lust desire greed beneath. one round win, second round win, third round win, then stop trade or still join the game???? careful . past from this horrible giant monster, luck will always on our side, day by day then the account accumulated.....bravoooooo 
from hundred become thousands. and that giant monster always on there remember
in one day trading day, there we could enter the market several times. that is the hardest decision because in there hide our greatest lust desire greed beneath
. one round win, second round win, third round win, then stop trade or still join the game???? careful . past from this horrible giant monster, luck will always on our side, day by day then the account accumulated.....bravoooooo from hundred become thousands. and that giant monster always on there remember we don't predict, we only ride
- #46
- Oct 4, 2015 11:18am Oct 4, 2015 11:18am
- Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts
good challange..dont give up...wish you happy trading and success....
Say something meaningful or Silence!!
good challange..dont give up...wish you happy trading and success....
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
3.0%
- #48
- Oct 4, 2015 12:18pm Oct 4, 2015 12:18pm
- Joined Sep 2015 | Status: Trade what you see | 376 Posts
I started trading forex 7 years back exactly like what you are doing now(I mean Micro account with 100$ deposite). Busted few accounts, some of them were free money, so called free Welcome bonus. I don't have any regreats for busting those accounts because those few $ were fees for getting expiernce which helped me to become a fulltime profitable Forex trader, so don't give up..
Good Luck Brother...
Good Luck Brother...
- #49
- Oct 4, 2015 1:01pm Oct 4, 2015 1:01pm
- Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts
I started trading forex 7 years back exactly like what you are doing now(I mean Micro account with 100$ deposite). Busted few accounts, some of them were free money, so called free Welcome bonus. I don't have any regreats for busting those accounts because those few $ were fees for getting expiernce which helped me to become a fulltime profitable Forex trader, so don't give up.. Good Luck Brother...
Say something meaningful or Silence!!
- #50
- Oct 4, 2015 2:23pm Oct 4, 2015 2:23pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
- #51
- Oct 4, 2015 2:41pm Oct 4, 2015 2:41pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #52
- Oct 4, 2015 3:42pm Oct 4, 2015 3:42pm
- Joined Jul 2013 | Status: Gone | 1,106 Posts
I hope you have worked out the math for 1:1000 and know the value of 1 pip for every pair you trade. I feel like you implied you intend to trade many currencies, but I am not sure you have enough balance for that leverage. Determine you maximum stop loss and how much that will cost. Then you must know what level of your account HotFX will apply a margin call. If you trade too many currencies, you will lose all your trades if you hit the margin percentage.
So, if it were me, with that much leverage, I would know how much of my account was required to trade each pair. I assume you can trade at least one, but with only $300, do you know how much drawdown you can accept before a margin call? It is important to know so you can properly scale. Even a winning trade can have a drawdown, and unfortunately, all of it can be seen by market makers and so do not be surprised if you get stop hunted. Know your limits or you can lose even though you are winning.
Good Luck
So, if it were me, with that much leverage, I would know how much of my account was required to trade each pair. I assume you can trade at least one, but with only $300, do you know how much drawdown you can accept before a margin call? It is important to know so you can properly scale. Even a winning trade can have a drawdown, and unfortunately, all of it can be seen by market makers and so do not be surprised if you get stop hunted. Know your limits or you can lose even though you are winning.
Good Luck
You cannot be extraordinary by being normal
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
3.0%
Why not use a cent account? I mean if you only have 150 you definitely going to be going high risk gambling MM?
That is way its the $150 Challenge
Lets see how it goes
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
3.0%
- #55
- Oct 4, 2015 4:32pm Oct 4, 2015 4:32pm
- Joined Jul 2013 | Status: Gone | 1,106 Posts
You cannot be extraordinary by being normal
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
3.0%
{quote} Cool. You sound ready. Good Luck!
Off to bed and I'll be on the desk for the London Open
Safe Trading Guys
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
3.0%
- #58
- Oct 4, 2015 4:41pm Oct 4, 2015 4:41pm
- Joined Oct 2014 | Status: the mighty duck | 1,035 Posts
{quote} Thanks Mate
we don't predict, we only ride
{quote}
Good Morning, be sure to follow on Twitter @jd_trader for Chart updates
Safe Trading
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return:
3.0%
