To use chat, please login.
Back to contacts

$25 to $25k in 10 trades

psymon (psymon)
May 04 2011 at 07:27
61 posts
Ok so here's the deal, as far as i know this has never been done, and i know that its highly unlikely that i'll ever make it, but i thought i'd better start my own thread about it.

the rules are simple

$25 starting balance, $25000 target

10 trades in 10 days or LESS.

double the volume with every trade (.1, .2, .4, .8, 1.6, 3.2, 6.4, 12.8, 25.6, 51.2)

target for each trade 25 pips or Margin call (250 pips total)

Link to the trading profile - https://www.myfxbook.com/members/psymon/25-25k-10-days/102369

Please note that this is NOT how to trade a regular account, its a bit of fun to take the every day pressures off, to try and learn more about trading and to see if it could just be done!

Please, if you dont have anything constructive to say dont say anything at all.

There are a few people here who have all ready asked and its flattering, but i have no intention of managing accounts.

its all down hill from here!
light
traderlight
May 04 2011 at 11:56
18 posts
So your 6th trade (lot size=3.2) failed on your first try, not bad! I guess one would need a system which can get much more than 10 consecutive wins and each win has to be really right, not much room in reverse. So the whole experience, including the final loss trade, was fun?

Hey, maybe if you can achieve it in only a few tries (say 10), once you achieved it and you got your $25 000, then you can actually use that and play at least another 1000 times. So, assuming you can win one game every 10 tries, that's 100 x $25 000 = $2 500 000 from using the money from the first won game alone! Or did I get my maths wrong? Maybe 1 in 100 tries is more realistic?

psymon (psymon)
May 04 2011 at 12:42
61 posts
HI light,

yeah pulled the stupidest trade ever today! the system works, its just the human element thats subject to failure!

it was emotional, as vinney jones once said. i learned a lot and made some new mistakes that i'll not be repeating.

the admins have very politely asked me to keep these posts in the trading system section, so if ya want to follow the failures of another trader have a look at the system discussion.

thx for posting

psy

its all down hill from here!
robodi (robodi)
May 18 2011 at 07:42
2 posts
as i saw your graph, i would say: 'You did it', in your trading is too much risk.

Ju1ce
May 19 2011 at 00:19
46 posts
ye its fun. I will try this same but with different money managemant. My target is 50-100% daily from actual balance so when i deposit 20$ i must made 20$ for a day next day i will have on account 40$ so i must made 40$ etc.

Here is link https://www.myfxbook.com/members/Ju1ce/turbocent/113725 .
Its a cent account with deposit 20 EUR . Cent for better counting i did not like work with 0,01$ but with 100$ profits :D Stop loss is previous day balance so all what i can lose is one day back profit :-) . Have a fun!

tigpips
Jun 11 2011 at 19:14
186 posts
Good try anyway man

http://www.freeforexrebates .info
wrwr
Jul 15 2011 at 16:54
1 posts
It's a 1 of 1024 chance to get them all correct. The only secure approach is not betting.

chanakam2000
Aug 03 2011 at 16:55
9 posts
AUDUSD Sell 3.20 - 1.07910 1.08160 1.08390 -23.0 -736.00 1h 5m -2725.93%

This One -23 Pips , Not 250 Pips as you said

Please login to comment .