thread: How I Turned 1k To 100k In A Wk!!!

94840

Congratulations

Just how long did it take you to receive out of 15k to 200k?

A month, I traded large when I was confident and traded small when I wasnt so confident. And always always use the halt loss. Dont let your self or ur greed get the best of you

94840

per month, I exchanged big when I was convinced and traded little when I wasnt so convinced. And always always always use the halt loss. Dont let your self or ur greed get the best of you

Hi Mike!

First of all time about your success
I believe beside all of the cash management rules who constantly pray for
just risking 2 or 1% of your account in ANY commerce its good and fair
to believe out of the box that you did!!!

For a newcomer its an absolute necessity to just risk max. 1 percent of his whole
account to keep in the game!

I'd tons of losses at the beginning and made dreadful mistakes concerning
money management.

I blew several smaller accounts that was personally a tuition fee

Some time ago I met a professional bank trader during my vaion at
southern france.

He told me the same that you mentioned here.

He exchanged from bigger time frames (weekly / daily / 4h ) and waited as
a sniper for the big run.

When the chance comes he said I fill my boots with tight stops and
allow it to operate!!

He just traded 1-2 times each month and has a nice outcome

I seen his trading desk and what did I watch....

A naked bar chart and a simple rsi indior....

So mike your information hits the nail on the head!

1. Have confidence
2. Have patience
3. Wait for your chance as a lion
4. Adjust your risk ( If big then very Major!! )

Only my two pennies

94840

Hi Mike !

First of all time regarding your achievement
I believe beside all of the cash management rules who constantly pray for
just risking 2 or 1% of your account in ANY commerce its great and reasonable
to believe from the box which you did!!!

For a newcomer its an absolute necessity to just risk max. 1 percent of the whole
account to stay in the match!

I had plenty of losses at the start and made dreadful mistakes regarding
money management.

I blew several smaller accounts which was personally a tuition fee

Some time ago I met a professional bank trader during my vaion in
southern france.

He told me the same you mentioned here.

He traded from larger time frames (per week / daily / 4h ) and waited as
a sniper for the big run.

When the opportunity comes he explained I fill my boots with tight stops and
allow it to run!!

He just traded 1-2 times a month and has a fine outcome

I visited his trading desk and what did I watch....

A nude bar chart and a easy rsi indior....

Thus mike your advice hits the nail on the head!

1. Have confidence
2. Have patience
3. Await your opportunity as a lion
4. Correct your risk ( If big then very Major!! )

Just my 2 pennies

That is precisely what I'm doing now.

Totally nude, except occasionally using the volume indior.

94840

Hi Mike !

First of all time regarding your success
I believe beside all of the cash management rules who constantly pray for
only risking 1 or 2% of your account in ANY commerce its good and fair
to believe from the box which you did!!!

For a newcomer its an absolute necessity to only risk max. 1 percent of his whole
account to stay in the game!

I'd plenty of losses in the start and made dreadful mistakes regarding
money management.

I blew several smaller accounts which was personally a tuition fee

Some time ago I met a professional bank trader during my vaion in
southern france.

He told me the same you mentioned here.

He traded from larger time frames (weekly / daily / 4h ) and waited as
a sniper for the big run.

When the opportunity comes he explained I fill my boots with tight stops and
let it run!!

He only traded 1-2 times each month and has a nice outcome

I seen his trading desk and what did I watch....

A naked bar chart and a easy rsi indior....

So mike your advice hits the nail on the head!

1. Have confidence
2. Have patience
3. Await your opportunity for a lion
4. Correct your risk ( If big then very Major!! )

Just my two pennies

Verry nice contribution to this particular thread!
I also find it verry important to think beyond the box.
And as soon as the moment is that you need to take the opportunity that has been given to you.
I understand I shall become succesfull in forex trading daily, when that day will come I don't understand but in meanwhile I am gonna learn as mutch as I can.

94840

I don't know a lot about the cot report, rather new to me. Do the amounts also link to currency pairs such as gbp/jpy, eur/chf, etc.. Thanks Beforehand.

The amounts link to commnt of traders to buy or sell the currencies in the report against US$. But if you conclude in the report which, such as:

Chf: Sophisticated w/ bearish bias
Eur: Sophisticated w/ mild bullish bias

- then it's possible to assume that eur/chf may see a little more buying action this week.

To find out more, read through this thread, investopedia.com articles, etc..
Hope this helps.

94840Mystic,

You should have missed my question sooner; can we view the 100k account statement again to see how its doing? It has been about three months since you posted and I would excpect the balance has grown considerably if the system is still working. Sure will be nice to track it say two or a year to get a feel.

Do you think you can do monthly invoice updates to follow along?

94840

The amounts relate to commnt of traders to buy or sell the currencies in the report against US$. But should you conclude in the report which, for example:



- then it's possible to assume that eur/chf might see some more buying action this week.

To learn more, read thru this thread, investopedia.com posts, etc..
Hope this helps.

Yes, it does help. I know that I want to learn more about the cot report and how to integrate it in my trading program. Thank you.

94840Hi guys

Just updating my ODL H1 Transactions so far

Launch Balance 100,000
Balance Today 155,598
Equity Now 181,303

94840

It is possibleI made 200k from 15k....So it could be done, but you want to understand what your are doing

How do you receive a copy of the COT report?
I register throught the CFTR and the COT report comprises Futures and Options only or if I state it contains everything except curriencies.

94840

Mystic,

You should have missed my question sooner; can we see the 100k account statement to understand how its doing? It has been about three weeks since you posted and I'd excpect if the system is still working, the equilibrium has grown substantially. Sure would be great to track it on the long haul, and say two or a year to get a feel.

Do you think that could do monthly statement updates to follow together?

Thanks for your interestI am not trading that account now due to increased volatility uncertainty--currently I am trading very conservatively--I Don't plan to post my own statements in long run due to security reasons--
However, I'll talk sometimes my trades here if time permits--
GL/GT,