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1 year profitable trading goal

  • #101
  • Jul 30, 2016 4:42pm Jul 30, 2016 4:42pm
Quoting braintheboss
You see the difference. I started with 25. Now I have 275/490 equity/balance. That is 1100/1960% but I only have 35% ( it's for weekend spread ). I had add 300 forumdisplay.php cover margin but I removed after Brexit...
okay, thanks for sharing your experience
  • #102
  • Jul 30, 2016 4:44pm Jul 30, 2016 4:44pm
by the way @braintheboss, did you want to be a part of this thread challenge?
  • #103
  • Jul 30, 2016 5:06pm Jul 30, 2016 5:06pm
Quoting benaiah
by the way @braintheboss, did you want to be a part of this thread challenge?
Ok. My explorer is always public...
Try don't lose pants never...
  • #104
  • Jul 30, 2016 5:07pm Jul 30, 2016 5:07pm
Quoting braintheboss
{quote} FF table is not reliable. First because people with small accounts have bigger growing ( its normal, you risk more when you have little ). And second because if you have add money for cover margin increase like Brexit ( and remove same money when margis go to normal ) your percentage not returns to original balance
Agree with you 100%.
That top 100 should have different category for different account balance/equity.
0 - 99
100 - 999
1000 - 9999 ..... And so on. Only then thous %-es are right.

Hope you catch my drift as English is not my native language.
  • #105
  • Jul 30, 2016 5:09pm Jul 30, 2016 5:09pm
Quoting Mr.Dan
{quote} Agree with you 100%. That top 100 should have different category for different account balance/equity. 0 - 99 100 - 999 1000 - 9999 ..... And so on. Only then thous %-es are right. Hope you catch my drift as English is not my native language.
No problem. I'm Spaniard and my English is horrible
Try don't lose pants never...
  • #106
  • Jul 30, 2016 5:24pm Jul 30, 2016 5:24pm
hmm...

I don't think I agree with account balance being a factor in the long run. It's about consistency, and risk management, which has to be applied regardless of account size. And even if someone DOES risk more at the beginning, and end up with greater balance increase, it will all even out over time IF they continue their success, since this is a 1 year challenge...

However, because so many "gamblers" on FF could end up on the leader board each week, it may not be frequent that anyone in this thread challenge is on there. We'll see..

Having said all of that, I had already searched this thread for some "top-performers" who where a part of this challenge, but didn't find any.

If I missed someone who did really well this week AND is part of this challenge, I'd be glad to see them post their results.

Moving forward, if we have more participating in the challenge, and making progress, I will definitely recognize their performances in some way, if they are doing well, even if they don't show up on FF leader board...
  • #107
  • Jul 30, 2016 5:33pm Jul 30, 2016 5:33pm
Quoting braintheboss
{quote} Ok. My explorer is always public...
Great welcome!
  • #108
  • Jul 30, 2016 5:36pm Jul 30, 2016 5:36pm
Under my name "Trade Explorers" says 1,8% profit and actual Explorer says 2,4%. (because i have a lot of open orders?)

I don`t know if i am in the challenge but my explorer is basically public.
  • #109
  • Jul 30, 2016 5:38pm Jul 30, 2016 5:38pm
I've just revised the rules a bit for being part of the challenge. To make it a little easier to track, I request we all of the same name for our TE which we have attached to our posts...

So, similar to mine, the start date of when your account was started. But the start date needs to be the same as your last deposit, since depositing money during this challenge resets your start date.
  • #110
  • Jul 30, 2016 5:41pm Jul 30, 2016 5:41pm
Quoting Mr.Dan
Under my name "Trade Explorers" says 1,8% profit and actual Explorer says 2,4%. (because i have a lot of open orders?) I don`t know if i am in the challenge but my explorer is basically public.
Maybe because you choose week and not month. I think this challenge is more see who survive one year than who earn more
Try don't lose pants never...
  • #111
  • Jul 30, 2016 5:44pm Jul 30, 2016 5:44pm
Quoting Mr.Dan
Under my name "Trade Explorers" says 1,8% profit and actual Explorer says 2,4%. (because i have a lot of open orders?) I don`t know if i am in the challenge but my explorer is basically public.
If you want to be in, then you're in

Latest request I just posted was that we all name our trade explorer the same. This will make it easier to track progress...

As far as the discrepancy, it does happen sometimes with open orders, as they do affect the % gain shows.
  • #112
  • Jul 30, 2016 5:44pm Jul 30, 2016 5:44pm
Quoting benaiah
I've just revised the rules a bit for being part of the challenge. To make it a little easier to track, I request we all of the same name for our TE which we have attached to our posts... So, similar to mine, the start date of when your account was started. But the start date needs to be the same as your last deposit, since depositing money during this challenge resets your start date.
Ok. I changed it. I use DD/MM/YY format. I think will be fun
Try don't lose pants never...
  • #113
  • Jul 30, 2016 5:48pm Jul 30, 2016 5:48pm
Quoting braintheboss
{quote} Ok. I changed it. I use DD/MM/YY format
Perfect!
  • #114
  • Jul 30, 2016 5:57pm Jul 30, 2016 5:57pm
Okay... I"m thinking of changing my "no deposit" rule.

I don't think it matters if anyone makes deposits, since it won't give them any advantage in terms of achieving a year of consistent trading. The equity curve and overall performance stats will show the true results at any given time...
  • #115
  • Jul 30, 2016 5:59pm Jul 30, 2016 5:59pm
Quoting benaiah
Okay... I"m thinking of changing my "no deposit" rule. I don't think it matters if anyone makes deposits, since it won't give them any advantage in terms of achieving a year of consistent trading. The equity curve and overall performance stats will show the true results at any given time...
...Also as @braintheboss pointed out, some may need/want to deposit money to protect a position if they decide to keep holding it..

I don't recommend this way of trading, as I have a different outlook/approach, but I respect if others view it differently....
  • #116
  • Jul 30, 2016 6:03pm Jul 30, 2016 6:03pm
Count me in as well.
Time to sleep.
  • #117
  • Jul 30, 2016 6:08pm Jul 30, 2016 6:08pm
okay, updated the rules...

Post 1

Once the first trader achieves the one year goal, and notifies the rest of the group here, we'll review their results, and if their performance was consistently profitable, they are the winner!

Of course, anyone who can achieve the results is a winner, regardless of how they compare to others here. I look forward to as many traders as possible achieving this goal...
  • #118
  • Jul 30, 2016 6:08pm Jul 30, 2016 6:08pm
Quoting Mr.Dan
Count me in as well. Time to sleep.
Great! good night...
  • #119
  • Jul 30, 2016 6:16pm Jul 30, 2016 6:16pm
I'd like to participate also. I'm want to learn how to trade completely free of indicators as I don't like looking at messy charts. Hopefully this will keep me disciplined and sticking to my strategy without slapping random indicators on my charts or system hopping.

Are we posting trade ideas here too?
  • #120
  • Jul 30, 2016 9:28pm Jul 30, 2016 9:28pm
Quoting noFXguru
I'd like to participate also. I'm want to learn how to trade completely free of indicators as I don't like looking at messy charts. Hopefully this will keep me disciplined and sticking to my strategy without slapping random indicators on my charts or system hopping. Are we posting trade ideas here too?
Welcome!

Posting trades and analysis is totally okay here...
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