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$200-100k challenge
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Propiphunter

Member Since Aug 30, 2018  7 posts Propiphunter Jan 30 at 07:42
Only time will tell us :)

If you never try, you never know.
BluePanther

Member Since Jan 25, 2010  1235 posts Matt (BluePanther) Jan 30 at 07:48
togr posted:
Yeah, it is possible Earth will be hit by meteorite and we will all die.
But most likely this will not happen and you will not multiply your account


Agreed. Possible...but not likely.
I have yet to see one trader accomplish this with a real account on a regulated well-known broker.

I managed to change $50k - $13M over four months (25,900% gain).
$200 - $100k = 49,900% gain.

Which is 'only' 25,900% gain x 100%.

LongVision

Member Since Apr 06, 2018  198 posts LongVision Jan 30 at 07:51
CtFx2019 posted:
LongVision posted:
Sorry to say but 200 dollars to 100k is impossible.

Clearly you don't know how to properly compound cry


I say realistically because some traders envision a tradeable strategy as one that never loses a trade, never has a losing day, and atleast doubles your money every month. It’s nice to have lofty goals, but you’ll never find a strategy that meets those criteria.

The market will trade through it’s path of least resistance .
togr

Member Since Feb 22, 2011  4444 posts vontogr (togr) Jan 30 at 11:53
BluePanther posted:
togr posted:
Yeah, it is possible Earth will be hit by meteorite and we will all die.
But most likely this will not happen and you will not multiply your account


Agreed. Possible...but not likely.
I have yet to see one trader accomplish this with a real account on a regulated well-known broker.

It is more probable you will win major prize in lottery
Because such thing is happening every week.


I like what I trade, I trade what I like
TheSlyFox

Member Since Nov 19, 2017  31 posts The Fox (TheSlyFox) Jan 30 at 12:50
I said it would take 2-4 years everybody, everyone is talking about massively increasing a n amount in just months, I strive for solid risk managent, and compounding over time, thats the best way to consistently have long term growth.

Slow and Grow or Fast and Blow
nachovitale

Member Since Nov 22, 2018  1 posts Nacho Vitale (nachovitale) Jan 30 at 12:58
This is what happens with all of 'supertraders' that claim to do those '100 to... challenge'.....yell

niceGLer

Member Since Dec 28, 2013  136 posts niceGLer Feb 02 at 07:54
I think those who have done this are not poking around and yelling about their achievement to the general public - with a few exceptions - it has been done in online poker, Chris Ferguson $0 to $10´000 challenge 2006-2007. Yet, that era was a golden time in online poker. Those guys are professionals so with no experience, I assume, such an endeavor is very likely to fail. And, if one has already money in trading there is no need to do such challenges..

Info about good practices in trading are hidden here and there, in bits and pieces. One has to bee smart enough to figure out what is relevant.

TheSlyFox

Member Since Nov 19, 2017  31 posts The Fox (TheSlyFox) Feb 03 at 08:21
No such thing as a super trader--- currently I am over leveraging my account so I can attempt to gain faster growth to hit the time period I set. I will scale back risk and go for a more conservative growth plan now---timeframe to 100k on this account has been extended based on new risk profile, it will take roughly 8-10 years.

Slow and Grow or Fast and Blow
niceGLer

Member Since Dec 28, 2013  136 posts niceGLer Feb 03 at 09:22
TheSlyFox posted:
No such thing as a super trader--- currently I am over leveraging my account so I can attempt to gain faster growth to hit the time period I set. I will scale back risk and go for a more conservative growth plan now---timeframe to 100k on this account has been extended based on new risk profile, it will take roughly 8-10 years.


Do you mean that you are scaling back your risk intermittently? I want to ask if you act according to the market situation, risking more in a favorable position, and then cooling down, if necessary?

niceGLer

Member Since Dec 28, 2013  136 posts niceGLer Feb 03 at 09:36 (edited Feb 03 at 09:44 )
TheSlyFox posted:
I said it would take 2-4 years everybody, everyone is talking about massively increasing a n amount in just months, I strive for solid risk managent, and compounding over time, thats the best way to consistently have long term growth.


Now, there is a little bit of flesh on the bones, for everybody:

https://www.purplemath.com/modules/expofcns4.htm

I'm too dull to employ this kind of sh**, but trial and err works too ;)

The reason for the latest big loss seems to be an overnight position, which has been left open. That's a quick conclusion I made.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.