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Attachments: 50 to 22000 in one week
Exit Attachments

50 to 22000 in one week

Quoting avibe
{quote} Â How do you qualify and quantify a serious trader?Â
A person who makes a living from trading is serious. No win you do not eat.
Fun trading like this thread is good. It shows you can start with very small amount and make it grow.
I know this thread originally started with 50 then changed to 1k. (1 k is quite a lot) to some people.
I never used leverage but compounded to increase bank roll.
I wish the guy well and I hope he does what I did, make sufficient to buy a house then rent it out, 1st stage.
If you don't trade you don't lose.
catch your trend/range and hit it hard........ Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.


Thats a hell of a job.


Only question I have is how on earth is he able to open a futures contract with 8 Euro in an account.
Quoting raiders
Thats a hell of a job. Only question I have is how on earth is he able to open a futures contract with 8 Euro in an account.
Â
I also found that abit odd...
Â
Must be a CFD ... B Booked by the broker..
Â
Either way the cheapest DAX CFD contract found was a margin of 23 Euro...
Â
How he did it at 8 Euro baffles me.
practising coitus interruptus
Quoting bagXpert
{quote} No robot, no EA, the rest is my secret
.. and the rest i learned from selfless people who so kind to share the concepts to help others on the way.

Good results, but not great help.
Only to waste time.

Greets

Michael
Market is more simple as you think.
Quoting billytt
{quote} A person who makes a living from trading is serious. No win you do not eat. Fun trading like this thread is good. It shows you can start with very small amount and make it grow. I know this thread originally started with 50 then changed to 1k. (1 k is quite a lot) to some people.
Great
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
Quoting Candlestick
Its difficult to make any negative comments when someone is making it happen, so I definitely take my hat off to BagX. The strategy whatever it is for entry doesn't seem to be accurate because most trades go against you, however the main strategy is to keep taking trades as it does until the total amount average out to a winning position, so to some degree entry is irrelevant, you could get in anywhere and employ this type of approach, I made an EA years ago that works exactly on that basis and then has multiple options for the exit. This can work...
Of course its an odds game. If he blows his acoount, he still made a profit because he withdrew some amount unless he does not cash out before. So he is still in profit an would just trade again and again. I don´t know how much talent is involved. As far as I have followed his trades, he just expects the trend to change direction and then cash on this (correct me if I am wrong). I have seen traders trade this way effectively.

They add and add positions until they are in profit (they think that price eventually will come back and a countertrend will come). These countertrades do come often, there will be drawdown but ultimately will be in profit. These traders will withdraw money and "gamble" with the free money and do so until going broke. Always withdrawing funds on the way. Once the account is at zero, they refund (or deposit) and start the adventure new. Just as he did. He had 2€ left and then deposited 1000€ or something.

So the final conclusion and strategy for him is, that he is not afraid to lose, as long as he takes out money occasionally and before blowing up the account. And if he blows it, he does not care.

Imagine you deposit 1000€, then trade to 10000€ and with draw half. You can trade for free with the rest. Its just a cylce.
Quoting SeaTheStars
{quote} Of course its an odds game. If he blows his acoount, he still made a profit because he withdrew some amount unless he does not cash out before. So he is still in profit an would just trade again and again. I dont know how much talent is involved. As far as I have followed his trades, he just expects the trend to change direction and then cash on this (correct me if I am wrong). I have seen traders trade this way effectively. They add and add positions until they are in profit (they think that price eventually will come back and a countertrend...
yes its an odds game (probability ) and if you have a slight edge that is positive and covers spread you can play withh r/r and win ratio,s .he is doing just that but dont be fooled he has developed a skill which lets hime play .he is also smart enough to know the limitations of retail.fair play to the guy and i wish him all the best .
Quoting SeaTheStars
{quote} So the final conclusion and strategy for him is, that he is not afraid to lose, as long as he takes out money occasionally and before blowing up the account. And if he blows it, he does not care. Imagine you deposit 1000, then trade to 10000 and with draw half. You can trade for free with the rest. Its just a cylce.
That is all true. However, he is trading in more than 10+ years. I think, we can speak about some experience, most of us do not have. We can top up that experience with some qualities gained while losing and losing and losing and losing... throughout all these 10+ years. What we saw is a product of many, many failures. The man did not give up. So, he's now here...
Maadik Hugiis. IQ 69.
BagX is doing a great job which is to make others step outside the box and think and to disregard the classic educational marketing BS surrounding this environment.

For the little I understand in terms of technicality he is trading pure PA, in terms of money management he is exploiting new grounds for what I am concerned but based on results very sounding.

There is a reason why he starts with $50 and not with a 1000, the initial trades are crucial, if he loses $50 that is fine, he has made that many time over when he previously reached his goal, if he does not loses the initial trades he can press his foot on the accelerator with the bank's money. Clever.

I am thinking in trying myself.

Thank BagX, you do not need to show me your system, you have showed me enough.
trading is simple but is simple is not easy.
How is BagX doing it? Notice how many times Bag is posting during trading time..... almost none. Focus is critical when trading like that. This thread has nearly 1,300 posts and very few are by the originator. 1300 posts in just about 2 weeks, wow most regular threads don't get that amount of attention let alone a journal.

I sure do miss the high leverage we used to have in the U.S.

High five from me Bag.. well done!
[quote=jazz2000;9131179]
Quoting billytt
{quote} Because i saw on your picturs that you try like him already with success, but how you know his strategy ? Thamk you for replying me and have nice day
Hello, I have not tried to look at his strategy nor will as I can trade myself just as well.
He catches the trend and plays it, (start small and grow and harvest a few £££ $$$). then repeat..
It isn't special but people are not used to seeing threads like this.
He is a good ambassador for pip gathering.
Also a good advert for the brokers offering leverage to the turkeys. trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting ZenNy
BagX is doing a great job which is to make others step outside the box and think and to disregard the classic educational marketing BS surrounding this environment. For the little I understand in terms of technicality he is trading pure PA, in terms of money management he is exploiting new grounds for what I am concerned but based on results very sounding. There is a reason why he starts with $50 and not with a 1000, the initial trades are crucial, if he loses $50 that is fine, he has made that many time over when he previously reached his goal,...
He actually had to refunded twice, so in total 2x USD 50 and then 1x USD 1000.
Pat
Quoting ZenNy
BagX is doing a great job which is to make others step outside the box and think and to disregard the classic educational marketing BS surrounding this environment. For the little I understand in terms of technicality he is trading pure PA, in terms of money management he is exploiting new grounds for what I am concerned but based on results very sounding. There is a reason why he starts with $50 and not with a 1000, the initial trades are crucial, if he loses $50 that is fine, he has made that many time over when he previously reached his goal,...
Week 1, bagXpert start with 50 Euro
Week 2, bagXpert start with 1100 Euro. Your theory is wrong.
I suspect he opened multiple $50 accounts. When the first few trades did well on one account he then published the trade explorer?
Quoting Tim_isoara
{quote} Week 1, bagXpert start with 50 Euro Week 2, bagXpert start with 1100 Euro. Your theory is wrong.
Ok

I must get a good idea by reading wrong then.

Is the 1100 of the second week generated by the 50 of the 1st week?
trading is simple but is simple is not easy.
Quoting ZenNy
{quote} Ok I must get a good idea by reading wrong then. Is the 1100 of the second week generated by the 50 of the 1st week?
No. From 50 he make 850 de euro, after he loss.
At the end of week 1 profit was 30 euro.
At week 2, he deposit, and start with 1100 euro.
Quoting faroutxxx
I suspect he opened multiple $50 accounts. When the first few trades did well on one account he then published the trade explorer?
OMG.
Quoting Tim_isoara
{quote} No. From 50 he make 850 de euro, after he loss. At the end of week 1 profit was 30 euro. At week 2, he deposit, and start with 1100 euro.
wait a minute...wait a minute

he started with 50 got to 850 and finished the week with 30 profit. Is that right?
Then the 2nd week he deposited 1100, is that right?

I thought he started from 50 .....

There is huge difference here from 50 to now and from 1100 to now
trading is simple but is simple is not easy.
Quoting Tim_isoara
{quote} Week 1, bagXpert start with 50 Euro Week 2, bagXpert start with 1100 Euro. Your theory is wrong.
Week 3 he starts with 11K.

Let's see how long he can keep this up. Usually we see people come in and blow within the first 4 to 6 weeks. No doubt he truly rocks but really curious.
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