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$40 to $1000 Challenge

vontogr (togr)
Feb 06 2020 at 07:30
posts 4862
BluePanther posted:
MrBobr posted:
REB_FX posted:
$40 . . . . . thats no easy challenge!
In 4 months I went almost half the way to increase the bill by 1000 times. Try to repeat the result. The system is working fine. When working with such risks, imagine opening a deal with a risk of 300-500% of the deposit, the spread immediately reduced the deposit by 10%. The course went only 10-15 points against the deal and already a drawdown of 50% of the initial deposit. This was my second attempt. From the first, I increased the score 20 times, I could no longer. Although before starting this venture, I tested the system on the strategy tester, everything turned out easily. But with real money it’s more difficult. Monitoring the account of the first attempt.
 The whole problem is in psychology. When you work with such risks, the account goes on for seconds to manage to close a losing trade. Indeed, with the risks of a transaction 100-500% of the deposit, a couple of seconds and 20-25 points of movement against the transaction are enough to reset the account. Second Attempt Report
Gross Profit: 423.21 Gross Loss: 151.95 Total Net Profit: 271.26
Profit Factor: 2.79 Expected Payoff: 0.95
Absolute Drawdown: 1.34 Maximal Drawdown: 32.46 (24.79%) Relative Drawdown: 55.11% (10.63)

Total Trades: 285 Short Positions (won %): 137 (73.72%) Long Positions (won %): 148 (66.89%)
Profit Trades (% of total): 200 (70.18%) Loss trades (% of total): 85 (29.82%)
Largest profit trade: 13.00 loss trade: -15.80
Average profit trade: 2.12 loss trade: -1.79
Maximum consecutive wins ($): 18 (63.18) consecutive losses ($): 12 (-10.63)
Maximal consecutive profit (count): 63.18 (18) consecutive loss (count): -31.50 (5)
Average consecutive wins: 5 consecutive losses: 2


Your story is inspiring sir!

I will submit that have exceeded this challenge (in relative terms), by my performance in 2018 of 800% on CHFSGD and 1000% on EURTRY: I began with $50,000 and accumulated over $13,000,000.
That is equivalent to starting with $40 and finishing with over $10,000!
($50,000 / $40 = 1250. $13,000,000 / 1250 = $10,400)

The elusive Holy Grail to which we all (including me) continue to aspire... it is certainly most difficult to achieve without exceptional market conditions!



Timestamp: 06:24am Feb 5, 2020

With equity close to zero and no withdrawals I assume you have lost that big profit of yours, right?

Matt (BluePanther)
Feb 06 2020 at 09:06
posts 1354
togr posted:
With equity close to zero and no withdrawals I assume you have lost that big profit of yours, right?


But of course! I’m not gonna lie.

“The AMOUNT of money you have does not matter; what matters is the SYSTEM you use. No AMOUNT of money can save you if you have a bad SYSTEM. Conversely, if you have a good SYSTEM you can start with a small AMOUNT and easily become rich.' (Matthew Todorovski)

Timestamp: 05:05am Feb 6, 2020

vontogr (togr)
Feb 07 2020 at 11:45
posts 4862
BluePanther posted:
togr posted:
With equity close to zero and no withdrawals I assume you have lost that big profit of yours, right?


But of course! I’m not gonna lie.

“The AMOUNT of money you have does not matter; what matters is the SYSTEM you use. No AMOUNT of money can save you if you have a bad SYSTEM. Conversely, if you have a good SYSTEM you can start with a small AMOUNT and easily become rich.' (Matthew Todorovski)

Timestamp: 05:05am Feb 6, 2020

Yeah the results are still impressive no doubts.
But don't you regret you did not withdraw at least something?
I did personally sold my BTCs which I bought for $200/BTC for $400/BTC
I made 100% profit. Am I happy???
No way I regret I did not sell them for 20k...

DtraderB
Feb 07 2020 at 13:29
posts 10
Gabor33 posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Are you gonna participate?

@Gabor33 @ufotech @togr

Hi, I think I discovered how to verify the account.

This is the link https://www.myfxbook.com/members/DtraderB/dtraderb1/4525246

It's my account, feel free to ask questions, and yes it´s not 1000k yet, but it is 3000%.

Regards

Matt (BluePanther)
Feb 10 2020 at 02:33
posts 1354
togr posted:
Yeah the results are still impressive no doubts.
But don't you regret you did not withdraw at least something?
I did personally sold my BTCs which I bought for $200/BTC for $400/BTC
I made 100% profit. Am I happy???
No way I regret I did not sell them for 20k...


Yes and no.

Sure, perhaps I regret not having millions in my bank account right this very minute.
But ultimately I do not care, for a number of reasons:

#1 “The AMOUNT of money you have does not matter; what matters is the SYSTEM you use. No AMOUNT of money can save you if you have a bad SYSTEM. Conversely, if you have a good SYSTEM you can start with a small AMOUNT and easily become rich.' (Matthew Todorovski)

People get so 'hung up' on the AMOUNT, but quantity is not the aim here. The real aim should be the RELIABLE (consistent and perpetual) generation of PROFITS:
a) to keep up with inflation;
b) to continue to grow the AMOUNT;
c) to cover future spending.

#2 The inflating money supply (fiat currency): $13million today will not be worth as much in future. Refer reason #1.

#3 'You come into this world with nothing, you will leave this world with nothing' - except what you have become.
Refer:
a) 1 Timothy 6:7,
b) the Oahspe Bible,
c) the Urantia Papers.

Timestamp: Mon, Feb 10, 13:42

Matt (BluePanther)
Feb 10 2020 at 02:41
posts 1354
togr posted:
Yeah the results are still impressive no doubts.
But don't you regret you did not withdraw at least something?
I did personally sold my BTCs which I bought for $200/BTC for $400/BTC
I made 100% profit. Am I happy???
No way I regret I did not sell them for 20k...


And remember this: 'With great power comes great responsibility.'

Luke 12:48: 'From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked. For unto whomsoever much is given, of him shall be much required: and to whom men have committed much, of him they will ask the more.'

In other words, that money is a great burden of responsibility. There is much stress and anxiety with such transient material wealth.
If you cannot handle the responsibility, it is better to forfeit the amount until such time as one can manage the factors associated.

Matt (BluePanther)
Feb 10 2020 at 03:20
posts 1354
togr posted:
Yeah the results are still impressive no doubts.
But don't you regret you did not withdraw at least something?
I did personally sold my BTCs which I bought for $200/BTC for $400/BTC
I made 100% profit. Am I happy???
No way I regret I did not sell them for 20k...


Also, as many brokers will state in their Risk Disclaimer:

'Don't trade with money you can't afford to lose.'

You must be prepared (both mentally and financially) for the possibility you could lose your ENTIRE investment.

I am simply grateful for the fact that:
a) I attained such heights, and
b) that I didn't lose more: there was potential for greater loss but I escaped with a positive balance of 4% ($800k) despite three accounts going into minus by $700k+.

ufotech (ufotech)
Feb 10 2020 at 07:30
posts 35
DtraderB posted:
Gabor33 posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Are you gonna participate?

@Gabor33 @ufotech @togr

Hi, I think I discovered how to verify the account.

This is the link https://www.myfxbook.com/members/DtraderB/dtraderb1/4525246

It's my account, feel free to ask questions, and yes it´s not 1000k yet, but it is 3000%.

Regards



Great. Now can you please open the history and trading so we can verify it?? All of the trade data is hidden.

If you want to be profitable, make profitable trades.
Matt (BluePanther)
Feb 10 2020 at 08:37
posts 1354
togr posted:
Yeah the results are still impressive no doubts.
But don't you regret you did not withdraw at least something?
I did personally sold my BTCs which I bought for $200/BTC for $400/BTC
I made 100% profit. Am I happy???
No way I regret I did not sell them for 20k...


I only made one withdrawal of $80,000 to pay off my mother’s mortgage.
So I did withdraw “something”, but it was not “substantial” (by comparison).

I felt satisfied with that, as I was not sure on what else I should spend my money on.

vontogr (togr)
Feb 10 2020 at 08:54
posts 4862
DtraderB posted:
Gabor33 posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Are you gonna participate?

@Gabor33 @ufotech @togr

Hi, I think I discovered how to verify the account.

This is the link https://www.myfxbook.com/members/DtraderB/dtraderb1/4525246

It's my account, feel free to ask questions, and yes it´s not 1000k yet, but it is 3000%.

Regards


Impressive

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