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$200-100k challenge
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BluePanther

Member Since Jan 25, 2010  1235 posts Matt (BluePanther) Feb 03 at 10:57
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!

TheSlyFox

Member Since Nov 19, 2017  31 posts The Fox (TheSlyFox) Feb 03 at 11:00
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
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Feb 04 at 22:41
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 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.

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

"They mistook leverage with genius".
Christabelle23

Member Since Feb 06, 2019  12 posts Christabelle23 Feb 07 at 12:23
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 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.

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

Christabelle23
niceGLer

Member Since Dec 28, 2013  136 posts niceGLer Feb 07 at 16:51
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?

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Feb 08 at 02:15
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 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.

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".
TheSlyFox

Member Since Nov 19, 2017  31 posts The Fox (TheSlyFox) Mar 06 at 14:45
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

Member Since Feb 25, 2019  7 posts AharonGorion Mar 07 at 07:42
is the new fund using the same strategy of a different one? Will you make the new fund public. CAn I deposit into fund

TheSlyFox

Member Since Nov 19, 2017  31 posts The Fox (TheSlyFox) Mar 08 at 08:06

Slow and Grow or Fast and Blow
uxStyle

Member Since Dec 26, 2018  12 posts uxStyle Apr 19 at 06:26
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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