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  • Post #49,081
  • Quote
  • Mar 17, 2023 6:09am Mar 17, 2023 6:09am
  •  digger1
  • Joined Jan 2010 | Status: The Voodoo Boodoo Club | 31,521 Posts
Quoting modsky
Disliked
{quote} I agree. It is about percent return on your account, not the amount of money from each trade. When you start with small account, the trades are small(lot size) and hence the money from each trade is small BUT it builds the account by a PERCENTAGE. As the account grows, you trade a little bigger keeping same risk level as before but now you get a little more for each trade. Slowly, consistently, your account grows. Eventually you make more in one trade than most make in an hour, then more than what they make in a day, then more than what...
Ignored
jr , nbdy c s pst tody , but it dnt many as 1 wld thnk jst chpping away , gd to c you Mr M
 
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  • Post #49,082
  • Quote
  • Mar 17, 2023 6:14am Mar 17, 2023 6:14am
  •  kasrabehrad
  • | Joined Apr 2009 | Status: Member | 79 Posts
Quoting MrJoker
Disliked
{quote} Yes, of course, it's hard to make 100k with $100, but nobody expects such a profit when making a $100 deposit. However, it's perfectly fine for learning, and once you're good at it, your account will start growing and eventually reach your goal... But you'll probably need at least a couple of $100 deposits in the meantime... 😂
Ignored




I mean, this was ::
10% is 1000 to 100..
1% of 100k ......$1000
You and other friends are skilled.....
The main profit of this job is not like that, only compound interest
 
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  • Post #49,083
  • Quote
  • Mar 17, 2023 6:16am Mar 17, 2023 6:16am
  •  modsky
  • Joined Dec 2019 | Status: Member | 359 Posts
as an example,
started to show my youngest daughter how to trade in forex.
she had a $1000 deposit in the bank now for 3 years. Made 1-2% each year on it and reinvested that into the deposit. It was on Jan3 this year worth $1050 approx.
We took that, she opened an account for forex
I show her my trades and we sit together each day for 4 hours trading, learning, thinking.
Her account is now $2295.86. So that is not yet 3 months. Better than the bank. ALL small trades of minimum lot size to start, yet it has grown very well even though the average trade is only giving her $2.00 profits right now. BUT IT ADDS UP.
 
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  • Post #49,084
  • Quote
  • Mar 17, 2023 6:16am Mar 17, 2023 6:16am
  •  digger1
  • Joined Jan 2010 | Status: The Voodoo Boodoo Club | 31,521 Posts
Quoting modsky
Disliked
{quote} I agree. It is about percent return on your account, not the amount of money from each trade. When you start with small account, the trades are small(lot size) and hence the money from each trade is small BUT it builds the account by a PERCENTAGE. As the account grows, you trade a little bigger keeping same risk level as before but now you get a little more for each trade. Slowly, consistently, your account grows. Eventually you make more in one trade than most make in an hour, then more than what they make in a day, then more than what...
Ignored
jr , as mine still does and huis before him ,and his before him , cwsht on boots an ply in dirt , no xprt here an nothing evn rmtely desired to b known as far this circus cncerned
 
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  • Post #49,085
  • Quote
  • Mar 17, 2023 6:24am Mar 17, 2023 6:24am
  •  modsky
  • Joined Dec 2019 | Status: Member | 359 Posts
Quoting digger1
Disliked
{quote} jr , nbdy c s pst tody , but it dnt many as 1 wld thnk jst chpping away , gd to c you Mr M
Ignored
thx Jr, good to have a moment to post
my wife and I are building two houses for the youngest two kids right now, and starting the farm up...getting all those veggies growing, setting up new irrigation, etc etc so not a lot of time for anything excpet focused trading a few hours a day. Not one to spend much time posting anyway. Just an urge every once in a while to throw my old thoughts out there. Few listen anyway and those that do, already know all this stuff.
 
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  • Post #49,086
  • Quote
  • Mar 17, 2023 6:28am Mar 17, 2023 6:28am
  •  modsky
  • Joined Dec 2019 | Status: Member | 359 Posts
BTW, while i posted the past few minutes, there was 2 trades we opened and closed for profit of $1 move in gold, 10 pips each which is what i always aim for. BUT every once in a while i see the chance to let one gumpy run. Not right now though. Right now market say quick scalps for me
 
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  • Post #49,087
  • Quote
  • Mar 17, 2023 6:33am Mar 17, 2023 6:33am
  •  ghbdr
  • Joined Jan 2018 | Status: Member | 789 Posts | Online Now
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  • Post #49,088
  • Quote
  • Mar 17, 2023 6:35am Mar 17, 2023 6:35am
  •  mistdraw
  • | Joined Mar 2022 | Status: Member | 204 Posts
Quoting digger1
Disliked
jr , ha ,30 dollars , the is what 3 days roughly circled , every one here knows enough to make 3 blanking dollars each one of them days with 30 in an account ,, going to seem like going no where till bout day 60 , so no , one dosent need a a big deposit , sorry , one needs to control the greed , bout 60 days in one will be working with something, every blanking one of them day one , just one of things yapped bout would sh=t that out and not long after tha 60 dayt one can collect for fun or for a living , PERIOD , or to make a way of life sustainable...
Ignored
The funds seduce me by spending less than 10k $ in cash to get a 1 million dollar account and manage it, the profits are divided: I am 80% of them 20% ^^ so I came here to ask about the idea. opinion of my seniors, my brothers here, thank you for giving me a consistent and clear point of view, it is true that I should go slowly, slowly but surely. fund is good but it's still not as good as building an account from a young age with % management.
 
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  • Post #49,089
  • Quote
  • Mar 17, 2023 7:28am Mar 17, 2023 7:28am
  •  MrJoker
  • Joined Aug 2017 | Status: Member | 2,511 Posts
Run run.
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Fear is the mind-killer.
 
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  • Post #49,090
  • Quote
  • Mar 17, 2023 7:42am Mar 17, 2023 7:42am
  •  kasrabehrad
  • | Joined Apr 2009 | Status: Member | 79 Posts
Quoting kasrabehrad
Disliked
Hi all During this time, I saw the analysis and trades of friends. I enjoyed..I learned 1937 ?? 1952 ??
Ignored
Kiss first target 1937
 
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  • Post #49,091
  • Quote
  • Mar 17, 2023 7:52am Mar 17, 2023 7:52am
  •  MrJoker
  • Joined Aug 2017 | Status: Member | 2,511 Posts
I don't have access to a computer at the moment so all that's left is my bad hand drawing. 😅 Box + some sh*t above ( QH4).
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Fear is the mind-killer.
 
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  • Post #49,092
  • Quote
  • Mar 17, 2023 8:35am Mar 17, 2023 8:35am
  •  sisucoro
  • Joined Feb 2022 | Status: Coyote | 737 Posts
Quoting MrJoker
Disliked
I don't have access to a computer at the moment so all that's left is my bad hand drawing. 😅 Box + some sh*t above ( QH4). {image}
Ignored
and going straight to the qh4, there is even more margin with the genuary high above,
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I don't wanna go to no dance unless I can rub some tit
 
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  • Post #49,093
  • Quote
  • Mar 17, 2023 8:39am Mar 17, 2023 8:39am
  •  MrJoker
  • Joined Aug 2017 | Status: Member | 2,511 Posts
Not a good day to go against the wind.
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Fear is the mind-killer.
 
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  • Post #49,094
  • Quote
  • Mar 17, 2023 8:44am Mar 17, 2023 8:44am
  •  ghbdr
  • Joined Jan 2018 | Status: Member | 789 Posts | Online Now
Here we go. Time to fire the guns. I cannot trade the usa so will leave one or two open. Dont know if they will survive
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  • Post #49,095
  • Quote
  • Mar 17, 2023 8:48am Mar 17, 2023 8:48am
  •  sisucoro
  • Joined Feb 2022 | Status: Coyote | 737 Posts
about what you have been talking lately, it's relatively easy to grow a small acount if you finetune the lotsize, but the key is consistency, if you are green every day the account will grow yes or yes, so that¡t the matter
this is an example, and it's really reasonble, the key is to get the damn tp everytime
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(I would do it without stoploss, it may work at snail like with eurusd, but here in gold 20 pips can be in a blink)

if not, think about all the crypto bros that luckily get the money by the lift of bitcoin, yes, some may done millons, but now what?
I don't wanna go to no dance unless I can rub some tit
 
3
  • Post #49,096
  • Quote
  • Mar 17, 2023 8:51am Mar 17, 2023 8:51am
  •  whitefire
  • | Joined Jun 2020 | Status: Member | 499 Posts | Online Now
Sell H5, the nik clause for QH4. Also the 1.618 ext of the swing shown. NY is in the building...
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  • Post #49,097
  • Quote
  • Mar 17, 2023 8:55am Mar 17, 2023 8:55am
  •  MrJoker
  • Joined Aug 2017 | Status: Member | 2,511 Posts
Quoting ghbdr
Disliked
Here we go. Time to fire the guns. I cannot trade the usa so will leave one or two open. Dont know if they will survive {image}
Ignored
I missed the first wave but caught the second.
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Fear is the mind-killer.
 
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  • Post #49,098
  • Quote
  • Mar 17, 2023 9:13am Mar 17, 2023 9:13am
  •  digger1
  • Joined Jan 2010 | Status: The Voodoo Boodoo Club | 31,521 Posts
Quoting sisucoro
Disliked
about what you have been talking lately, it's relatively easy to grow a small acount if you finetune the lotsize, but the key is consistency, if you are green every day the account will grow yes or yes, so that¡t the matter this is an example, and it's really reasonble, the key is to get the damn tp everytime {image} (I would do it without stoploss, it may work at snail like with eurusd, but here in gold 20 pips can be in a blink) if not, think about all the crypto bros that luckily get the money by the lift of bitcoin, yes, some may done millons,...
Ignored
jr
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  • Post #49,099
  • Quote
  • Mar 17, 2023 9:31am Mar 17, 2023 9:31am
  •  MrJoker
  • Joined Aug 2017 | Status: Member | 2,511 Posts
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Fear is the mind-killer.
 
2
  • Post #49,100
  • Quote
  • Mar 17, 2023 9:51am Mar 17, 2023 9:51am
  •  modsky
  • Joined Dec 2019 | Status: Member | 359 Posts
Quoting sisucoro
Disliked
about what you have been talking lately, it's relatively easy to grow a small acount if you finetune the lotsize, but the key is consistency, if you are green every day the account will grow yes or yes, so that¡t the matter this is an example, and it's really reasonble, the key is to get the damn tp everytime {image} (I would do it without stoploss, it may work at snail like with eurusd, but here in gold 20 pips can be in a blink) if not, think about all the crypto bros that luckily get the money by the lift of bitcoin, yes, some may done millons,...
Ignored
perhaps yes but for me, the .02 lot per $100 account is too big unless you CAN show consistent win and no loss.
no loss with using stop loss is not going to happen in my opinion
Consistency on win is getting good entry and know what the best possible profit pip amount is for your style.
For me, i watch closely on moves in gold and i find a $1.00 move (10 pips) is consistently good to get using my trade pattern without having a stop loss. But i am cautious on my timing and have studied for many years the movement of this pair. I find i get many trades each day of $1.00 moves so get 10 pip many times each day.
i try my best to be non emotional about trades. I enter if my stuff says enter. TP is auto set to 10p. I do not care if market kept going in that direction after i close. I just look for the next. Once a trade is open i am looking for the next. I check result at end of each day. IF i have a trade that is open still because i use no stop loss, i THEN decide how to manage it. I have plans in place for that as well and sometimes it means taking a loss. Rare though.
anyway, time to build houses and plant seeds. Mdae 6 trades today. all done.
 
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