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How far can £100 go?

  • #21
  • Edited 3:32pm Oct 23, 2016 2:29pm | Edited 3:32pm
Quoting Don96
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...
Ad for the target, i may only get to about 7 trades and then withdraw the money and start again, will be around 13800. ill then start the process again

i cant upload the Trade explorer as it doesn't have the option for AT platform
  • #22
  • Edited 6:03pm Oct 23, 2016 5:47pm | Edited 6:03pm
Quoting Don96
Long on AU {image}
OUT now from this trade..

pending set at 0.7576... SL 25 pips TP 50 pips, ill evaluate the stops in the morning, doubt it'll be triggered over night tonight, Trend line just underneath the SL

0.7560 looks better... some support there, lower is 0.7530/17... best RR here for usual trades, SL at 0.7560 is at 0.7535... right above 30
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 6 KB
  • #23
  • Oct 23, 2016 6:05pm Oct 23, 2016 6:05pm
Quoting Don96
{quote} OUT now from this trade.. pending set at 0.7576... SL 25 pips TP 50 pips, ill evaluate the stops in the morning, doubt it'll be triggered over night tonight, Trend line just underneath the SL 0.7560 looks better... some support there, lower is 0.7530/17... best RR here for usual trades, SL at 0.7560 is at 0.7535... right above 30 {image}
Boxes are the Trade I am looking at with Risk in red and Reward in green... Yellow lines are next with entry at 0.7560 entry and stop just above 0.7530 level... that would be another entry... its difficult, to wait or not to wait
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #24
  • Oct 23, 2016 7:45pm Oct 23, 2016 7:45pm
I turned 50eur to 1400 euro in 20 day. But then i think that i can do whatever i want with broker's money. Using 2 lot per order. Then i lose all
  • #25
  • Oct 24, 2016 2:47am Oct 24, 2016 2:47am
Quoting Don96
{quote} Boxes are the Trade I am looking at with Risk in red and Reward in green... Yellow lines are next with entry at 0.7560 entry and stop just above 0.7530 level... that would be another entry... its difficult, to wait or not to wait {image}
hmmm, perhaps closing wasnt the best idea...
  • #26
  • Oct 24, 2016 3:23am Oct 24, 2016 3:23am
Quoting phan28395
I turned 50eur to 1400 euro in 20 day. But then i think that i can do whatever i want with broker's money. Using 2 lot per order. Then i lose all
I guess by using a right money management approach we can easily make good ROI with small investments so better stick with earning consistent profits and enjoying them rather than loosing everything to chase the dreams of getting rich over the night.
  • #27
  • Oct 24, 2016 4:07am Oct 24, 2016 4:07am
Very intresting thread. gd luck!
  • #28
  • Edited 9:09am Oct 24, 2016 8:56am | Edited 9:09am
NU DAX and UCAD all coming into levels, ill take the NU trade, 0.7136

touch on 36... pending order missed, 0.7137
  • #29
  • Edited 9:50am Oct 24, 2016 9:19am | Edited 9:50am
Quoting Don96
NU DAX and UCAD all coming into levels, ill take the NU trade, 0.7136 touch on 36... pending order missed, 0.7137
missed by 0.5 pips atm

Perhaps DAX at 10150 would have been better :/ http://www.forexfactory.com/showthre...30#post9214730

In - wasnt the reaction i wanted from here... see how 0.7122 plays for support ....currently -11
  • #30
  • Oct 24, 2016 10:27am Oct 24, 2016 10:27am
Quoting Don96
{quote} thank you, i mean how hard can 25p stop loss for 50p gain be?
Hahaha..

welcome to trading buddy.
  • #31
  • Oct 24, 2016 5:05pm Oct 24, 2016 5:05pm
Quoting Don96
{quote} missed by 0.5 pips atm Perhaps DAX at 10150 would have been better :/ http://www.forexfactory.com/showthre...30#post9214730 In - wasnt the reaction i wanted from here... see how 0.7122 plays for support ....currently -11
well thats me out, no idea what is going on... NU AU dropping and UC flying all over the place... i was in profit before this madness...

tomorrow ill look for next trade
  • #32
  • Oct 24, 2016 6:02pm Oct 24, 2016 6:02pm
Quoting jollypk
{quote} I guess by using a right money management approach we can easily make good ROI with small investments so better stick with earning consistent profits and enjoying them rather than loosing everything to chase the dreams of getting rich over the night.
Hello,

I completly agree, I don't see why would anyone even want to risk this much? It's ridiculous from my perspective. 2 bad trades and you're done!


Best regards, -Ryosuke
-My income is consistently inconsistent
  • #33
  • Oct 25, 2016 2:20am Oct 25, 2016 2:20am
Quoting Don96
{quote} well thats me out, no idea what is going on... NU AU dropping and UC flying all over the place... i was in profit before this madness... tomorrow ill look for next trade
ah i see, right down to my stop then bounce
  • #34
  • Oct 25, 2016 7:50pm Oct 25, 2016 7:50pm
A friend of mine in my finance class turned a $100 usd account into a 3.6k account in 6 days. He caught a 600 pip trade at .25 lots, also he was trading at 1:1000 margin!!! Pretty crazy if you ask me!
  • #35
  • Oct 25, 2016 8:39pm Oct 25, 2016 8:39pm
@Don
Following this for now. Which setups are u usually trading ?
  • #36
  • Nov 10, 2016 11:27am Nov 10, 2016 11:27am
i'm not sure why i write this, maybe because i was like many guys from this forum

500 euro to 1200 and to 0
new account from 200 to 700 and next to zero
400 to 500 or 600 and after that zero again
200 to 0
new account 320usd to more than 50k.
and from that in 6 digit.

i trade only trends
Price itself it's an indicator
  • #37
  • Nov 11, 2016 1:14am Nov 11, 2016 1:14am
That amount of your capital is not really very important. If well managed, that amount can take you very far. Especially when you use a very sound trading system with stop losses too.
  • #38
  • Nov 11, 2016 1:44am Nov 11, 2016 1:44am
Im on level 6 now... 1:2 trade (risk half of capital on each trade).

My rules:
1. trade with only one one pair.
2. TP 76pip and SL 38pip
3. sl move to BE once the price already reach half of the target.

wish you all the best..
Peace Yo!
  • #39
  • Nov 11, 2016 3:12am Nov 11, 2016 3:12am
Quoting mrluckystar
Im on level 6 now... 1:2 trade (risk half of capital on each trade). My rules: 1. trade with only one one pair. 2. TP 76pip and SL 38pip 3. sl move to BE once the price already reach half of the target. wish you all the best..
very good..

i actually forgot about this thread, i had 2 losses to start with, taking me down to 25, i then had 9 trades last week that had me 30+ up all stopping me out breakeven...

had 2 of those this week and also had 2 wins that has taken me more than £100, im now up to £150 and currently long EU and 1.0874
  • #40
  • May 26, 2017 4:33pm May 26, 2017 4:33pm
Quoting Don96
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...


How did this go Don? you managed to do the unthinkable? Rags to Riches?

Would have been awesome if you continued the thread!
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