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$25 to $25k in 10 days (By psymon)

Gain : -99.9%
Drawdown 92.70%
Pips: 84.0
Trades 19
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Manual

$25 to $25k in 10 days Discussion

horacioo
Apr 27 2011 at 17:29
46 posts
you have my support.
you can do it!

tapachula (tapachula)
Apr 27 2011 at 18:47
193 posts
Why are you cheating? I see 2 deposits of $25 each one, total deposit $50. So isnt 25 to 25K.

Just kidding, wish you success

Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
psymon (psymon)
Apr 28 2011 at 03:45
61 posts
😝

its all down hill from here!
horacioo
Apr 28 2011 at 04:18
46 posts
Hi Miguel,
In case you do not know,Psymon's trading challenge is explained in this other thread
https://www.myfxbook.com/community/new-traders/200-1000000/55779,4

Just in case, somebody really think he is cheating or a crazy newbee trying to make it big, I thought that I should just post a small link to his original idea.

If i was able to vouch, I would vouch for his guts 20 times.

psymon (psymon)
Apr 28 2011 at 07:49
61 posts
H, Thanks buddy, the second trade has been done and i'm still in the game, although i got the tp wrong by 4 pips the trade went exactly to where i thought it would.

when i put in a trade i dont apply the tp at the time and go back to add it in, i guess that the price moved against me by 4 points and i'll take it into account on the next trade.

2 down 8 to go!

p

its all down hill from here!
tapachula (tapachula)
Apr 28 2011 at 15:57
193 posts
horacioo posted:
    Hi Miguel,
In case you do not know,Psymon's trading challenge is explained in this other thread
https://www.myfxbook.com/community/new-traders/200-1000000/55779,4

Just in case, somebody really think he is cheating or a crazy newbee trying to make it big, I thought that I should just post a small link to his original idea.

If i was able to vouch, I would vouch for his guts 20 times.


Hi, the thread was deleted.

Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
horacioo
Apr 28 2011 at 17:12
46 posts
Miguel: mm. link is still there. it got broken when I pasted it. please note that it is 'community' instead of 'mmunity' 😲
He is basicaly trying to do 10 all or nothing trades in a row. If he wins a trade, he doubles the account. If he loosses a trade, he blows the account and he has to start again depositing another $25. It is very clear that he is making this for fun, and this is not a 'system'

Psymon: great. keep going! 😉

psymon (psymon)
Apr 29 2011 at 10:44
61 posts
3 down 7 to go

its all down hill from here!
tapachula (tapachula)
Apr 29 2011 at 15:24
193 posts

horacioo posted:
    Miguel: mm. link is still there. it got broken when I pasted it. please note that it is 'community' instead of 'mmunity' 😲
He is basicaly trying to do 10 all or nothing trades in a row. If he wins a trade, he doubles the account. If he loosses a trade, he blows the account and he has to start again depositing another $25. It is very clear that he is making this for fun, and this is not a 'system'

Psymon: great. keep going! 😉


its like using a martingale, u can double the account very fast but if u dont withdrawal o reduce the positions always end in MC


Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
horacioo
Apr 29 2011 at 18:02
46 posts
no martingale here. this is just a challenge of doing 10 winning trades consecutively (betting all or nothing). 1 wrong and you have to start over. In probability terms he is looking for something really improbable.


A martingale is probably the opposite, you double your bet each time you loose in an attempt to hold your loses until probability of winning comes back to your side.

you are right in a sense, that in the long run they are both destined to crash. A martingale will crash when you can't leverage your trades any longer. Psymon said he never got further than wining 4 trades in a row.

I mean intentions are totally different. He is betting $25 that he can do 10 winning trades in a row. In fact this is an open chalenge for anybody who thinks that has the skills and luck needed.

Go Psymon!

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