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

94844

Edit because of not like to be censured.Seems that the proffessor can stated his peace but I have been denied the right to rebuttal.I attempted 3 times to rebuttal and that I was censored.I want you the best of lucks.That would be the distinction between a trader and a cocky 20 year old.I wake up everyday to learn.I like to discuss my knowleadge.I understood long time ago that your account size is merely a way to keep score and Integrity and Humility arrived with age. Today upssss I did it. imageimage

94844Hello,
I am new here and I found this thread really very interesting. My interest is not because of the profit which was asserted to have been obtained, but as a result of most of the members' pessimistic outlooks. Someone went on to compose that a thread in this way shows that great amount of profits can be done in Currency Market, which is clearly evident, but it is impossible to sustain. One of the bones I have to pick with bloggers is that ANYTHING in Currency Market is sustainable. Why would anyone actually think that you could sustain either a win or even a loss in Currency Market?
Several other posters mentioned that his money management was dreadful, simply since he uttered a large sum of his account on a certain trade. Cash management is how small or larger you manage your lot sizes. Money management also entails your capacity to never give many pips into the market once you take your positions (accuracy after entry), which will be something NO ONE even for 6 months can demonstrate evidence of.
I'd like to offer a challenge to anyone Who'd be willing to take part. I'd offer 3,000usd to anybody who can open a trade explorer, and for just 3 months, maintain a drawdown of pips after entrance for significantly less then 20 pips, as I believe accuracy is simply way to receive anything close to the results which the O.P. has obtained.

94844

quote This was a fun story. 61,595% profit! Great PR for ForexClub. Serious note, be cautious. 95% of Forex Investors fail within the first fourteen days. Money Management is key. J

Money management is an excuse to let winners operate. Truth is the trick to Currency Market. Do you truly think that the banks make it possible for losers to run state 1000 pips as most traders do? Has anyone noticed statements of the banks? We (the people ) have made trading an emotional field drama. Where want say the trend is your friend, but EUR/USD was in a two year uptrend before that fall from 1.3999 After the fact folks say EU was overbought, so that they brought it down, but the trend is not anymore of your friend as counter trend trading is. We simple discount price action, and that's what causes these huge losses, or in the instance of this O.P. that enormous win.

948402 Structure (s) Please,to be fare to all of you,allow me to clarify that nothing had been claimed.I simply post an opinion.I recommended that each of us have to locate their own trade strategy that fit your style or your risk tolerance. I agree that risk management is the best way to g but it can be different for each of us.The veracity of my article was put in questions and I
offer proof It had been possible to achieve this results.Also that is not sensible to attempt to do it every day.I just attempt to contribute with a different stage of view.Take it or abandon it as you wish.I am not promoting my services,neither any system,neither I post nothing aside from my previous experiences.

94840

... I would offer 3,000usd to anyone who can open a commerce explorer, and also for just 3 months, keep a drawdown of pips following entrance for less then 20 pips, as I believe accuracy is only way to receive anything close to the outcomes which the O.P. has got.

Good article. I use just 10-15 pip SL in every trade I carry on 1M chart, so agree with your accuracy assessment...

94840

I would offer 3,000usd to anyone who can open a commerce explorer, also for only 3 months, keep a drawdown of pips following entry for less then 20 pips, since I believe accuracy is simply way to receive anything close to the outcomes that the O.P. has obtained.

It's true that you will always find naysayers on forums like this, who attempt to bash those who reach anything.

However, I believe that your $3,000 is very safe. Some reasons here. Edge-based profit is sustainable; maintaining a 100% win rate utilizing tight stoplosses is not. This being pessimistic, or is not bashing achievers; it is the fact of how markets operate.

Curiously, the OP has quoted Larry Hite and Paul Tudor Jones elsewhere:

...

During my financial career, I've continually witnessed examples of different people I have understood being ruined by a failure to honor risk. If you don't take a look at risk, it is going to take you. If you contend with the market, you may lose. It's incredible how wealthy you can get by not being perfect. Never risk more than 1 percent of your equity in any 1 trade. By risking 1 percent, I'm indifferent to any commerce. Maintaining your risk constant and small is critical. I have two rules about winning in gambling in addition to in life: 1 ). If you don't bet, you can not win. 2. Should you eliminate all your chips, you can not wager. I really don't see markets. I see risks, rewards, and cash.
--Larry Hite

...

Risk management is the most important thing in gambling. The remedy is very simple: Get out, because you can always get back in When you've got a position that's making you uncomfortable. There's not anything better than a new beginning. The principle of trading is to play defense, not crime that is great. I presume every day. I know where my cease risk points will be. I do this I can define down my maximum draw. I spend the remainder of the day appreciating places that are moving in my way. If they are moving against me, then I have a game plan for getting out. Don't be a fanatic. Don't have an ego. Always question your ability and yourself. Don't ever feel that you are excellent. The second you do, you are dead. I know it to be prosperous, I have to be frightened. Don't focus on making money; focus on protecting what you have.
--Paul Tudor Jones

Rememberthese guys aren't pessimists. They're trading giants who have accumulated enormous riches from the markets.

94840

Edit because of not like to be censured.Seems the proffessor can said his peace but I've been denied the right to rebuttal.I tried 3 times to rebuttal and that I had been censored.I wish you the best of lucks.That would be the difference between a trader and a cocky 20 year old.I wake up everyday to learn.I like to share my knowleadge.I known long time ago your account dimensions is just a way to keep score and Integrity and Humility arrived with age. Today upssss I did it. imageimage

Outstanding outcomes I assume that you're looking at these three majors and going with the flow once you see the chance, using massive positions with small targets a.k.a scalping? But your risk is no, your trading funds?

94840Hanover, I happen to agree with you and I'm an admirer of Larry Hite and Paul Tudor Jones.Please read my post and you will see I'm not promoting any style or method.
My point was supposed to establish anything is possible and there is not a right or wrong approach to go.Each among us must find their own personality and risk tolerance level.Each among us needs to take the travel that's as valuable at the place we'll reach at the end .That turned into a much better trader is a great deal more than simply have a large account.I did not plan to create this argument and make believe this activity is easy.I personally think is tough work and demand a tenacity found not at many.Jack Swagger at Market WIzard,occurred to agree with the concept of different trading styles and in case you have the liberty to talk wit Soros, then you ll see he does not believe there is just one accountable means to exchange.
In my estimation,to attain great result you need to take massive risks,but if you're okay with average returns,good for you.In the end,some people have to determine what we want of these markets and create a egy to achieve it.

I apologize for this claim,it wasn't my intention.

Sincerely

94840Merquise,you are correct on the flow but I am watching 16 crosses.

94840

quote Excellent results I presume that you are looking at these three majors and moving with the flow when you find the opportunity, using massive positions with little goals a.k.a scalping? But your first risk is no, the funds?

Likely because these majors have the highest liquidity and tightest spreads.