okay so as you can tell from the title of the thread I am going to see how far i can take a 108 pound account.
there is no time limit and the method is different to what some might suspect, i will be using 1:2 RR at 50:100
so the trades will take me to either 50% of the account or make 100% profit
i will use a 25 pip stop loss for a 50 pip gain and it will go something like the spreadsheet i uploaded
i will also set up a youtube account for you to follow me along the way and post some levels im looking to trade from in advance so any advice/insights into these levels is appreciated...
a few side notes...
- I am not looking for, asking for nor will accept any money so don't come into the thread claiming that is what i am after
- yes the risk is high, but the balance to start with is small and after that the money is profit, i figure this isnt as hard as it seems, i usually trade with 5-10 pip stops and target 100+, the only difficulty is the higher risk the larger number of trades
- there was another thread like this called rags to riches a while back, the idea has come from that... so any details just read through that.
- i DON'T NEED 9 CONSECUTIVE wins, i only need 9 NET wins, i could have 1000 wins and 991 losses and still be at 50k+
- Pairs i will trade are UJ EU UC EJ, perhaps some others if the opportunity presents itself
some of the details such as a trade explorer and youtube account will come shortly...
the first trade i am looking at is on USDCHF sell at 0.9955... it is a double top, SL 0.9980 tp 0.9905
Edit: i didnt get the trade... account startup taking little longer than expected
Broker used is City Index on their AT pro platform
there is no time limit and the method is different to what some might suspect, i will be using 1:2 RR at 50:100
so the trades will take me to either 50% of the account or make 100% profit
i will use a 25 pip stop loss for a 50 pip gain and it will go something like the spreadsheet i uploaded
i will also set up a youtube account for you to follow me along the way and post some levels im looking to trade from in advance so any advice/insights into these levels is appreciated...
a few side notes...
- I am not looking for, asking for nor will accept any money so don't come into the thread claiming that is what i am after
- yes the risk is high, but the balance to start with is small and after that the money is profit, i figure this isnt as hard as it seems, i usually trade with 5-10 pip stops and target 100+, the only difficulty is the higher risk the larger number of trades
- there was another thread like this called rags to riches a while back, the idea has come from that... so any details just read through that.
- i DON'T NEED 9 CONSECUTIVE wins, i only need 9 NET wins, i could have 1000 wins and 991 losses and still be at 50k+
- Pairs i will trade are UJ EU UC EJ, perhaps some others if the opportunity presents itself
some of the details such as a trade explorer and youtube account will come shortly...
Broker used is City Index on their AT pro platform
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