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Matt (BluePanther)
Feb 03 2019 at 10:57
1344 posts
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.


That sounds reasonable: more sustainable growth with less risk is better for account survival and goal achievement!

The Fox (TheSlyFox)
Feb 03 2019 at 11:00
31 posts
Loss was a margin call---it didn't hit my stop loss but didn't recover enough before the weekend for my broker to allow me to keep it open. Eurnzd---https://gyazo.com/57cea52dfea7953b8320e2f25bc81f78 I entered at 61.8 retracement, stop loss is at 5, unfortunately my account is too small to take longer term positions without hitting a margin call, I entered once it hit reversal zone--I should have waited a bit until momentum switched based on the smaller account size, was my mistake. Originally my plan for the smaller account was to shoot for a 50-60% monthly growth starting then scale back risk as account size rose, I achieved this by over-leveraging on high probability set-ups, problem is I didn't account for the timeframe I use, it wasn't a problem for awhile because of precise entries, but had a streak of a few bad trades as accounted for in my strategy (60-70% winrate on average) but because im over-leveraging---huge negative impact. (in positive trades I was scaling positions out as they moved higher in profit to lock in money gained and moving stop to break even, I would be pyramiding trades but account is too small for that) now I will stop over leveraging and just look for consistent growth, I was hoping to finish this project in a few years to prove a point then move on, looks like it will have to be long term if i want to ensure success, which is always safer of course.

Slow and Grow or Fast and Blow
kieran (snapdragon1970)
Feb 04 2019 at 22:41
1943 posts
LongVision posted:
CtFx2019 posted:
LongVision posted:
Sorry to say but 200 dollars to 100k is impossible.

Clearly you don't know how to properly compound 😭


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.

Just think if you bought oil at 25$ a barrel and doubled up every x3

"They mistook leverage with genius".
Christabelle23
Feb 07 2019 at 12:23
12 posts
snapdragon1970 posted:
LongVision posted:
CtFx2019 posted:
LongVision posted:
Sorry to say but 200 dollars to 100k is impossible.

Clearly you don't know how to properly compound 😭


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.

Just think if you bought oil at 25$ a barrel and doubled up every x3


If only I bought Bitcoin when it was like a dollar.... :D

niceGLer
Feb 07 2019 at 16:51
164 posts
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.


How many lots per $100'000, or how many 0.01 lots per $100? When overleveraging, do you vary your position size according to the market situation?

kieran (snapdragon1970)
Feb 08 2019 at 02:15
1943 posts
Christabelle23 posted:
snapdragon1970 posted:
LongVision posted:
CtFx2019 posted:
LongVision posted:
Sorry to say but 200 dollars to 100k is impossible.

Clearly you don't know how to properly compound 😭


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.

Just think if you bought oil at 25$ a barrel and doubled up every x3


If only I bought Bitcoin when it was like a dollar.... :D


I bought it at the very start and made some money ,but it was flat for ages so I closed.

"They mistook leverage with genius".
The Fox (TheSlyFox)
Mar 06 2019 at 14:45
31 posts
will be re depositing money into this account to continue the challenge later, working primarily on a new fund account I opened now.

Slow and Grow or Fast and Blow
AharonGorion
Mar 07 2019 at 07:42
7 posts
is the new fund using the same strategy of a different one? Will you make the new fund public. CAn I deposit into fund

The Fox (TheSlyFox)
Mar 08 2019 at 08:06
31 posts
https://the5ers.com/the5ers-fund-welcomes-elijah-n-to-be-one-of-our-new-funded-traders-06-03-2019/
my interview i recently opened a new account with them

Slow and Grow or Fast and Blow
uxStyle
Apr 19 2019 at 06:26
28 posts
How is it all going ? I love to see challenges from small sums to something really big. Sorry for replying on such old thread, but just looking at how things are going there really. I know it's hard to get by. Have you been able to go from $200 to bigger amounts.

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