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$409k Challenge

  • #281
  • Mar 18, 2020 8:42am Mar 18, 2020 8:42am
I think mrdfx has left the building.

A shame because I believe that these conditions are great for forex trading - 100 pips in 5 mins is my kind of trade (as long as you're on the right side of course!) - in and out in a flash with a nice fat profit

Anyway I do think that the show must go on ! I will be entering the challenge again within the next couple of days - just waiting for some funds to arrive
  • #282
  • Mar 18, 2020 9:26am Mar 18, 2020 9:26am
Quoting Mtinifx
I think mrdfx has left the building. A shame because I believe that these conditions are great for forex trading - 100 pips in 5 mins is my kind of trade (as long as you're on the right side of course!) - in and out in a flash with a nice fat profit Anyway I do think that the show must go on ! I will be entering the challenge again within the next couple of days - just waiting for some funds to arrive
correct!
with some precaution, this wider range market is scalper's paradise!
there is always, always another trade!!
  • #283
  • Mar 18, 2020 9:39am Mar 18, 2020 9:39am
Quoting Mtinifx
I think mrdfx has left the building. A shame because I believe that these conditions are great for forex trading - 100 pips in 5 mins is my kind of trade (as long as you're on the right side of course!) - in and out in a flash with a nice fat profit Anyway I do think that the show must go on ! I will be entering the challenge again within the next couple of days - just waiting for some funds to arrive

I'm still in the challenge. Although I don't trade full time, I'm making progress. Little by little (5% per week is a tidy progress)
MM
  • #284
  • Mar 18, 2020 10:00am Mar 18, 2020 10:00am
Quoting Mwangi
{quote} I'm still in the challenge. Although I don't trade full time, I'm making progress. Little by little (5% per week is a tidy progress)
Good show

But where's your TE?
  • #285
  • Mar 18, 2020 10:12am Mar 18, 2020 10:12am
Quoting profitfarmer
in the meantime probably spared yourself from the frustration of blowing up multiple accounts or the very least taking large equity swing; both a definite emotional drag.

sure the end of the cycle, the 5% gain=50$ doesnt sound as fancy as 100% gain=50$ when comes to bragging right....
//-----

hey profitfarmer..... precisely..... fancy usually comes with a high price.... past couple weeks have doubled some accounts at the expense of others.....

if more traders could limit themselves to 1:1 leverage for their first 2 years, they might still be around in 3....

small lots, low leverage, can double your account pretty darn quick.....h
//------

(edit.... every trade close while writing this, almost every trade was 0.02 or below..... )
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to trade and code, keep both simple... no call to impress....h
  • #286
  • Mar 18, 2020 10:19am Mar 18, 2020 10:19am
Quoting Mtinifx
I think mrdfx has left the building. A shame because I believe that these conditions are great for forex trading - 100 pips in 5 mins is my kind of trade (as long as you're on the right side of course!) - in and out in a flash with a nice fat profit Anyway I do think that the show must go on ! I will be entering the challenge again within the next couple of days - just waiting for some funds to arrive
Haven't left the building, I don't give up so easily mate.
Truth is like poetry. And most people f*cking hate poetry.
  • #287
  • Mar 18, 2020 10:21am Mar 18, 2020 10:21am
the hard part, for me, is now..... resisting the urge to jump back in.....

which brings to mind the need for rules..... and the greater need to obey them.....h
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to trade and code, keep both simple... no call to impress....h
  • #288
  • Mar 18, 2020 10:22am Mar 18, 2020 10:22am
Quoting mrdfx
{quote} Haven't left the building, I don't give up so easily mate.
Hooray!!
  • #289
  • Mar 18, 2020 10:33am Mar 18, 2020 10:33am
Quoting mrdfx
{quote} Haven't left the building, I don't give up so easily mate.
This is very good news mate!
  • #290
  • Mar 19, 2020 2:56pm Mar 19, 2020 2:56pm
Quoting mrdfx
{quote} Haven't left the building, I don't give up so easily mate.
If you have the funds why dont you start over with 800 like you had when blew up....That way you if you can do like you did last 2-1/2 months you will land at 5-6000 in another 2-1/2 months...Just a tip no need to follow what i say....
Insanityoing same ting over expecting different results..Einstein
  • #291
  • Mar 20, 2020 9:46am Mar 20, 2020 9:46am
Quoting FXsniper111
{quote} If you have the funds why dont you start over with 800 like you had when blew up....That way you if you can do like you did last 2-1/2 months you will land at 5-6000 in another 2-1/2 months...Just a tip no need to follow what i say....
I've considered doing that but then I would have put in $900 instead of the original $100.

I'll be starting up another $100 account and making a few changes to my approach, that should help make things easier and less risky.
Truth is like poetry. And most people f*cking hate poetry.
  • #292
  • Mar 20, 2020 10:05am Mar 20, 2020 10:05am
Quoting mrdfx
{quote} I've considered doing that but then I would have put in $900 instead of the original $100. I'll be starting up another $100 account and making a few changes to my approach, that should help make things easier and less risky.
I also started a small account yesterday and up 34% in two days of trading,but i use RENKOS for scalping also get some runners specially on EUR/NZD because today atleast moves very fast,Today trading was so easy,but i havent used this strategie for very long,but looks sharp and truly have a edge...I have tre indies for confirmation on the renkos....very happy right now,but i am not part of your challenge yet...lol
Insanityoing same ting over expecting different results..Einstein
  • #294
  • Mar 21, 2020 12:02pm Mar 21, 2020 12:02pm
Quoting ultax
{quote} Quite aggressive start lot for $100 account isnt it.
Well it's a mental thing I suppose. It's fairly easy to make a quick 5 bucks on the market with a little leverage especially when it moves as it has done over the last week or so. And if one rather loses $5 it's not really a train crash. It's when the the account starts growing and the figure gets to $50 or $500 or $5000 then it starts becoming taxing IMHO because if the trades a loser and one loses say $500 that's an awful lot of money!
  • #297
  • Mar 22, 2020 11:15am Mar 22, 2020 11:15am
Quoting mrdfx
Hey guys so I came across this "trading plan" last year and it interested me so this year I decided to give it a shot. This will be a personal journal to document and track my progress throughout the year. Basically this isn't an actual trading strategy, its more of an aggressive money management approach using compounding. I'm sure many of you would have seen it somewhere before and probably many have attempted it as well I'm sure. The approach is to start with $100 and target 5% a day for a year and after that with the power of compounding I should...
Can you pls explain how you will trade
  • #298
  • Mar 22, 2020 1:55pm Mar 22, 2020 1:55pm
I think one has to give more attention to MM as one's account balance grows. It's so easy to get blasé about loss when one seems to be doing really well! One has to trade ever more carefully to maintain that smooth upward curve
  • #299
  • Mar 23, 2020 5:16am Mar 23, 2020 5:16am
hi MRdfx
allow me to accept this challange

i will start my account $200 and risking 20% each trade and coumpud it,
maxim trade for me 5x a week and if not meet requiment i wont trade

it will be long journey
and hopefully my account not get burn
  • #300
  • Mar 23, 2020 7:43am Mar 23, 2020 7:43am
Quoting Mtinifx
I think one has to give more attention to MM as one's account balance grows. It's so easy to get blasé about loss when one seems to be doing really well! One has to trade ever more carefully to maintain that smooth upward curve
Ohhh yeah ... I burned my 500% ...
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