Good Trading Results 700% in 3 weeks BUT what should i do next?
Membre depuis Dec 31, 2015
posts 9
Feb 22, 2016 at 07:28
Oh ok @goodboyfx ,all the best.
Membre depuis Jan 22, 2011
posts 18
Feb 22, 2016 at 13:43
You asked 'Good Trading Results 700% in 3 weeks BUT what should i do next? '
I stayed exactly on topic by telling you to withdraw your money, and then my reasons why, (DD, overtrading, etc)
I stayed exactly on topic by telling you to withdraw your money, and then my reasons why, (DD, overtrading, etc)
Membre depuis Feb 22, 2011
posts 4862
Feb 22, 2016 at 13:55
goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?
I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?
Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.
Its martingale with very high DD and it is very fresh. It wont take long to get it wiped
forex_trader_249603
Membre depuis May 13, 2015
posts 83
Feb 22, 2016 at 14:32
I'm happy to see this guy made that kind of profit in such an extreme short period of time.
My honest to truth advice;
I see your profit is $41.865. I advice like withdrawing like 31k as soon as possible from it.
Open a new account: Keep in 1 account like 5k and another 5k.
Trade 1 account, of 5k manually with normal R/R.
And the other 5k with the risky strategy by repeating the same thing your doing right now.
That way; if one day you get wiped out; you remain with some very good returns on your investment. And perhaps IF lucky, you might repeat it like 2 a 3 times, before get wiped out.
Thank me later, for this advice!
My honest to truth advice;
I see your profit is $41.865. I advice like withdrawing like 31k as soon as possible from it.
Open a new account: Keep in 1 account like 5k and another 5k.
Trade 1 account, of 5k manually with normal R/R.
And the other 5k with the risky strategy by repeating the same thing your doing right now.
That way; if one day you get wiped out; you remain with some very good returns on your investment. And perhaps IF lucky, you might repeat it like 2 a 3 times, before get wiped out.
Thank me later, for this advice!
Membre depuis Feb 22, 2011
posts 4862
Feb 22, 2016 at 15:23
HalleyFX posted:
I'm happy to see this guy made that kind of profit in such an extreme short period of time.
My honest to truth advice;
I see your profit is $41.865. I advice like withdrawing like 31k as soon as possible from it.
Open a new account: Keep in 1 account like 5k and another 5k.
Trade 1 account, of 5k manually with normal R/R.
And the other 5k with the risky strategy by repeating the same thing your doing right now.
That way; if one day you get wiped out; you remain with some very good returns on your investment. And perhaps IF lucky, you might repeat it like 2 a 3 times, before get wiped out.
Thank me later, for this advice!
Good advice, I wish to follow it sometimes too;)
Feb 23, 2016 at 07:21
HalleyFX posted:
I'm happy to see this guy made that kind of profit in such an extreme short period of time.
My honest to truth advice;
I see your profit is $41.865. I advice like withdrawing like 31k as soon as possible from it.
Open a new account: Keep in 1 account like 5k and another 5k.
Trade 1 account, of 5k manually with normal R/R.
And the other 5k with the risky strategy by repeating the same thing your doing right now.
That way; if one day you get wiped out; you remain with some very good returns on your investment. And perhaps IF lucky, you might repeat it like 2 a 3 times, before get wiped out.
Thank me later, for this advice!
Nice one
juandavidtabaresarce@
Membre depuis Dec 19, 2015
posts 3
Feb 23, 2016 at 07:24
I completely agree with @HalleyFX
I would add the following:
Open a new account and trade it with very low DD, if the profits of your previous account are no coincidence.. you will get a nearly 9:1 ratio of profit to DD. Therefore, if your DD is 5% your profit should be 45% ... create a year or more of that performance... and let me know... I will help you get umbrella funding.
My point is. Your account seems a lucky strike to me... so try a win-win strategy.
If it is all out of luck, withdraw the money you've made and be happy.
If it is not, do it again with less DD and get funded to increase your actual profits. Turn a $5K account into $7.5K in a year with 5% DD and I can arrange you to be funded with serious money.
I am not playing the dealer here... but who wouldn't invest in such performance?
I would add the following:
Open a new account and trade it with very low DD, if the profits of your previous account are no coincidence.. you will get a nearly 9:1 ratio of profit to DD. Therefore, if your DD is 5% your profit should be 45% ... create a year or more of that performance... and let me know... I will help you get umbrella funding.
My point is. Your account seems a lucky strike to me... so try a win-win strategy.
If it is all out of luck, withdraw the money you've made and be happy.
If it is not, do it again with less DD and get funded to increase your actual profits. Turn a $5K account into $7.5K in a year with 5% DD and I can arrange you to be funded with serious money.
I am not playing the dealer here... but who wouldn't invest in such performance?
Feb 25, 2016 at 09:04
Thanks for all the nice feedback & support. Some good advice. Still no one else out there from retail forex move into Hedge Funds as career? i'd like to work Hedge Funds. I'll be contacting some Hedge Funds soon and hear what they have to say...
Get Rich & End World Poverty
Membre depuis Feb 22, 2011
posts 4862
Feb 25, 2016 at 09:26
goodboyfx posted:
Thanks for all the nice feedback & support. Some good advice. Still no one else out there from retail forex move into Hedge Funds as career? i'd like to work Hedge Funds. I'll be contacting some Hedge Funds soon and hear what they have to say...
Hedge funds manager wont work the way you do. You risk too much.
Membre depuis Jan 22, 2011
posts 18
Feb 25, 2016 at 13:56
togr posted:
Hedge funds manager wont work the way you do. You risk too much.
I agree.
forex_trader_29148
Membre depuis Feb 11, 2011
posts 1916
Feb 25, 2016 at 14:52
(édité Feb 25, 2016 at 14:53)
HalleyFX posted:
I'm happy to see this guy made that kind of profit in such an extreme short period of time.
My honest to truth advice;
I see your profit is $41.865. I advice like withdrawing like 31k as soon as possible from it.
Open a new account: Keep in 1 account like 5k and another 5k.
Trade 1 account, of 5k manually with normal R/R.
And the other 5k with the risky strategy by repeating the same thing your doing right now.
That way; if one day you get wiped out; you remain with some very good returns on your investment. And perhaps IF lucky, you might repeat it like 2 a 3 times, before get wiped out.
Thank me later, for this advice!
would you please show the lot size...? very good advice
Membre depuis Sep 02, 2011
posts 25
Feb 25, 2016 at 17:23
Which EA are you using?
goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?
I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?
Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.
Adding transparency and quality to the Forex market, one trade at a time.
Feb 26, 2016 at 10:45
togr posted:goodboyfx posted:
Thanks for all the nice feedback & support. Some good advice. Still no one else out there from retail forex move into Hedge Funds as career? i'd like to work Hedge Funds. I'll be contacting some Hedge Funds soon and hear what they have to say...
Hedge funds manager wont work the way you do. You risk too much.
Am i taking too much risk? how do you figure? My trades on average last within few hours. It's not like i am floating in some huge DD for days. I try to get in grab profits and exit within hour or two.
hedge fund industry is armed with capital and their benchmark is 40-50% annual returns to be considered 'best' in the industry.
Remember 40-50% is 'ANNUAL' what did i make in 1 month? 1200% taking medium risk. So, reaching their so-called 'alpha returns 50%' i can manage with my eyes closed.
So, if I am not in a hedge-fund its because they haven't discovered me. I'll be reaching out to some of them and make my case to see what they can offer me vs. What i can offer them.
Some of these hedgefunds traders are paid hefty 200-300K base salaries. 400-500K bonus based on performance. This is what i am aiming at. If one has the talent to produce results, why settle for less?
Get Rich & End World Poverty
Feb 26, 2016 at 10:46
forexverified posted:
Which EA are you using?goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?
I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?
Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.
EA? none. All is done manually.
Get Rich & End World Poverty
Membre depuis Sep 02, 2011
posts 25
Feb 26, 2016 at 11:41
goodboyfx posted:forexverified posted:
Which EA are you using?goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?
I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?
Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.
EA? none. All is done manually.
We're talking about your pap system, right? https://www.myfxbook.com/members/goodboyfx/pap/1504371
Adding transparency and quality to the Forex market, one trade at a time.
Membre depuis Feb 22, 2011
posts 4862
Feb 26, 2016 at 12:04
forexverified posted:goodboyfx posted:forexverified posted:
Which EA are you using?goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?
I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?
Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.
EA? none. All is done manually.
We're talking about your pap system, right? https://www.myfxbook.com/members/goodboyfx/pap/1504371
There is no point in evaluating system younger than 1 month.
Feb 26, 2016 at 14:01
forexverified posted:Correct this pap system is fully manual trading.goodboyfx posted:forexverified posted:
Which EA are you using?goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?
I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?
Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.
EA? none. All is done manually.
We're talking about your pap system, right? https://www.myfxbook.com/members/goodboyfx/pap/1504371
Get Rich & End World Poverty
Feb 26, 2016 at 14:01
togr posted:forexverified posted:goodboyfx posted:forexverified posted:
Which EA are you using?goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?
I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?
Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.
EA? none. All is done manually.
We're talking about your pap system, right? https://www.myfxbook.com/members/goodboyfx/pap/1504371
There is no point in evaluating system younger than 1 month.
I smile at your comment, but ya i agree 1 month is small then again Quality vs. Quantity. Thanks :)
Get Rich & End World Poverty
