Rags to Riches Game! Anyone want to join? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Rags to Riches 21 replies

Rags To Riches 203 replies

rags to more rags.. and even more rags! 19 replies

Rags to rags and ice cream 36 replies

Rags To Riches Take 2 24 replies

Attachments: Rags to Riches Game! Anyone want to join?
Exit Attachments

Rags to Riches Game! Anyone want to join?

  • #1
  • First Post: Edited Jul 29, 2016 8:45pm Jul 22, 2016 11:26am | Edited Jul 29, 2016 8:45pm
Starting a new fun thread. Started my account with 2k, will withdraw $10k when I reach $12k. I may discuss trade from time to time but this is just for fun!

[email protected]
  • #2
  • Jul 22, 2016 11:30am Jul 22, 2016 11:30am
I support you
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #3
  • Jul 22, 2016 11:31am Jul 22, 2016 11:31am
Quoting domba
I support you
My first goal $12k, will withdraw $10k and restarts the account with $2k.
  • #4
  • Jul 22, 2016 11:32am Jul 22, 2016 11:32am
Look like you withdraw next week
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #5
  • Jul 22, 2016 11:33am Jul 22, 2016 11:33am
Quoting domba
Look like you withdraw next week
Hopefully!
  • #6
  • Jul 22, 2016 11:55am Jul 22, 2016 11:55am
Hai Om keziahpie, itu gimana ceritanya akun baru 8 hari dari modal $2000 USD bisa jadi $12.000 USD, cuma 16x trades? Lot gedenya minta ampun. Tak ada kata lain itu superfantastic! Masukin ke myfxbook dong kalau boleh, biar enak nganalisa-nya terutama risknya. Kemampuan Trade Explorer FF terbatas.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #7
  • Jul 22, 2016 11:57am Jul 22, 2016 11:57am
Quoting RoelsMajor
Hai Om keziahpie, itu gimana ceritanya akun baru 8 hari dari modal $2000 USD bisa jadi $12.000 USD, cuma 16x trades? Lot gedenya minta ampun. Tak ada kata lain itu superfantastic! Masukin ke myfxbook dong kalau boleh, biar enak nganalisa-nya terutama risknya. Kemampuan Trade Explorer FF terbatas.
Sorry, I cannot understand. If you want to see my trades go to TE and history.

if you can, write in english?
  • #8
  • Jul 22, 2016 12:02pm Jul 22, 2016 12:02pm
Quoting keziahpie
{quote} Sorry, I cannot understand. If you want to see my trades go to TE and history. if you can, write in english?
Hahah just joking Bro. Superfantastic impressive result with just 8 days old account. So far you did 16 trades. Would u mind share with Us your trading explorer on MyfxBook, Bro? So I can anallyze the risk more clearly. Forex Factory TE is not that good enough to see the risk.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #9
  • Edited Jul 23, 2016 2:47am Jul 22, 2016 8:17pm | Edited Jul 23, 2016 2:47am
Quoting RoelsMajor
{quote} Hahah just joking Bro. Superfantastic impressive result with just 8 days old account. So far you did 16 trades. Would u mind share with Us your trading explorer on MyfxBook, Bro? So I can anallyze the risk more clearly. Forex Factory TE is not that good enough to see the risk.
I have fx book, but is for some of my clients.
  • #10
  • Edited 7:03am Jul 23, 2016 2:52am | Edited 7:03am
Most impt thing about forex is risk mgt and money mgt.

Money mgt (Money in Broker):

For me, I do not park most of money in brokers because you just never know what may happen. Thus usually normal money mgt is 2% of risk per trade of like a max of drawdown of 35% etc but all these are impt if that if you park all your money inside.

If you know your style of trading, how many trades per mth usually for example, you know your leverage and margin so for me, I only put in how much I need to trade and withdraw them if I do not need the extra money in broker.

If I see more trades and I can easily top up using credit card immediately and trade them.
  • #11
  • Jul 23, 2016 4:33am Jul 23, 2016 4:33am
Nice returns so far. Keep it up.!!
  • #12
  • Jul 23, 2016 4:35am Jul 23, 2016 4:35am
Very well done. Very nice trade explorer you have there.
Success means going from failure to failure without loss of enthusiasm
  • #13
  • Jul 23, 2016 7:14am Jul 23, 2016 7:14am
Change broker while you can bro.
Good luck
  • #14
  • Jul 23, 2016 7:16am Jul 23, 2016 7:16am
Quoting timos
Change broker while you can bro. Good luck
why? Im happy with this broker.
  • #15
  • Jul 23, 2016 9:48am Jul 23, 2016 9:48am
We always have people that tell us that we need to manage risk and money management like risk per trade should be 2 to 3% per trade and overall draw-down should be less than 20% SO the account will not crash or margin call. Yes, I totally agreed but if your account is a BIG account. Meaning a 10 pips win/loss really means something to you like FX Viper.

If you ask any trader, will they prefer to put their money in their local bank or broker account? I think 7 out of 10, would say local bank!

My trading style and radical money management!

I will always start at $2000 and my aim is to get $12000 and I will withdraw the $10000 and restart again. However, I may get margin call on this $2000 and I'm perfectly fine with that because this $2000 is something I'm totally prepare to lose. I will deposit another $2000 to start again! This is just another way to trade with interesting money management.
  • #16
  • Jul 23, 2016 11:09am Jul 23, 2016 11:09am
Yea i know this is trading journal but can i ask about your strategy ? how do you enter and exit in profit and in lose ? If you dont want to post it here you can pm me please.

Best regards
  • #17
  • Jul 23, 2016 11:51am Jul 23, 2016 11:51am
Subscribed your thread..
  • #18
  • Jul 23, 2016 12:04pm Jul 23, 2016 12:04pm
Outstanding display of horsepower.....and your logic is perfect with the banks......
and the big money is made at the turns.

So we split the difference between size of the money out there in limbo and the policy of stop losses or stop hunts on retail brokers......like if they honor the stop in a huge slip

Quoting keziahpie
We always have people that tell us that we need to manage risk and money management like risk per trade should be 2 to 3% per trade and overall draw-down should be less than 20% SO the account will not crash or margin call. Yes, I totally agreed but if your account is a BIG account. Meaning a 10 pips win/loss really means something to you like FX Viper. If you ask any trader, will they prefer to put their money in their local bank or broker account? I think 7 out of 10, would say local bank! My trading style and radical money management! I will...
  • #19
  • Jul 23, 2016 12:28pm Jul 23, 2016 12:28pm
Quoting RoelsMajor
{quote} Hahah just joking Bro. Superfantastic impressive result with just 8 days old account. So far you did 16 trades. Would u mind share with Us your trading explorer on MyfxBook, Bro? So I can anallyze the risk more clearly. Forex Factory TE is not that good enough to see the risk.
Ndak usah diarepin yang beginian bro, ujung2nya juga paling jualan ato kalo gak cari inpestol,
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #20
  • Jul 23, 2016 12:51pm Jul 23, 2016 12:51pm
Quoting domba
{quote} Ndak usah diarepin yang beginian bro, ujung2nya juga paling jualan ato kalo gak cari inpestol,
LOL. Relatively huge risk juga Om Domba.
fooled by randomness in art
Meditation All Time Return: 8.9%
0 traders viewing now