$200-100k challenge

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!

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.

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

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

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?

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.

will be re depositing money into this account to continue the challenge later, working primarily on a new fund account I opened now.

is the new fund using the same strategy of a different one? Will you make the new fund public. CAn I deposit into fund

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