Pour utiliser le chat, veuillez vous connecter.
Retour aux contacts

$200-100k challenge

Pentz Consulting
ForexScreamer
Jun 04 2019 at 21:36
posts 49
It looks like he's given up? He's made a few withdrawals from his account.

Professional4X
Jun 11 2019 at 04:30
posts 1189
Howdyy5 posted:
How to make $100k? Start with $500k.😀



YES!

Fichiers joints:


If it looks too good to be true, it's probably a scam! Let the buyer beware.
vontogr (togr)
Jun 11 2019 at 07:24
posts 4862
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)

Pentz Consulting
ForexScreamer
Jun 11 2019 at 17:45
posts 49
togr posted:
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


I see what you're saying but I don't agree 100%. It's definitely possible to turn $200 into $100,000 as long as there is no time limit specified. It's not going to happen in a year, in 2 years, probably not in 5 years. It would take time and patience, but it's do-able.

Pentz Consulting
ForexScreamer
Jun 11 2019 at 21:12
posts 49
I'm temped to try this but I want to use a Demo account, or wouldn't that be appropriate?

Professional4X
Jun 11 2019 at 22:10
posts 1189
ForexScreamer posted:
I'm temped to try this but I want to use a Demo account, or wouldn't that be appropriate?


You are completely free to try and trade $200.00 into $100,000.00

Personally if it were me, I'd probably use a real account though.
After all, if I was going to put all that time and effort into doing it, I'd want to actually keep the profits.
But again, it's just my own personal opinion.

I've turned $250.00 into $2500.00 with 1:50 leverage in a few days before, but I was fortunate at the time to hit a strong running trend and was able to stack my tickets with increasing unit sizes into the basket until my series of trades closed out.

I used a special purpose built bot that was designed with a very specific chart setup and the money management was basically nonexistent.

The trade rules were basically 'Trade one direction only as indicated by the long term trends, keep trading into the trend no matter what regardless of the what the short term trend is doing, and make $2500 or blow out the account trying', which of course is absolutely NOT a smart way to trade.

This was just an experiment for myself to see if it 'COULD' be done, not to say it 'SHOULD' be done. OK?
It's a bad idea to think it's a good idea to trade this way. A REALLY bad idea.

What I'm saying here is that, while it IS possible to gain quick profits, it isn't guaranteed that you can do it, and unless you are using some sort of automation to do it, you probably aren't going to be able to do it very quickly, and the account in question will probably get blown out because of over trading.

Now if you are talking about turning $200 into $100,000 with no time limit, then most certainly DO THAT.

Perhaps though, you might want to lower the unrealistic expectation levels, and go for something more reasonable like $200.00 into $400, then $400 into $800, etc etc etc.

Professional traders understand that real success in trading comes from using solid money management and discipline over ones emotions.

Those are two of the most important things when it comes to trading in my opinion.

Money management will protect your investment capital by minimizing your risk.
Discipline will protect your ability to trade without emotional impact.

You'll notice I didn't mention strategy right?

You can use any strategy you want, as long as you understand the strategy well enough to make a consistent profit over a long period of time with minimal risk.

But money management and discipline should be the highest priority, because those two items will PROTECT the profits that the strategy generates.

Again, all of this is just my opinion.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Pentz Consulting
ForexScreamer
Jun 11 2019 at 22:33
posts 49
The original poster never mentioned a time limit which is why I think it's do-able. I would definitely use an automated trading system because that would take emotions out of the equation. If I tried it and failed miserably, $200 wouldn't break me. But the abject humiliation would be ... nasty! 🙃

I'm still mulling it over. If it could survive the first month then it might have a chance.

Professional4X
Jun 11 2019 at 23:00
posts 1189
ForexScreamer posted:
The original poster never mentioned a time limit which is why I think it's do-able. I would definitely use an automated trading system because that would take emotions out of the equation. If I tried it and failed miserably, $200 wouldn't break me. But the abject humiliation would be ... nasty! 🙃

I'm still mulling it over. If it could survive the first month then it might have a chance.


In my opinion it would be better to set your expectations to something more realistic though.
$200 into $400 is 100% profit. Most traders struggle to get 100% profit in a year.

My own ROI 'goal' is a flat 25% annual.

Think of it this way, if you had an investment account with $400,000 USD and your general ROI is 25% annually, then you would be adding $100,000 to your account over the course of a year.

In my opinion anyone should be able to live a fairly comfortable life on $100,000.00 a year if they use money management and disciple in their lives as well as their trading.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Jun 11 2019 at 23:02
posts 1189
togr posted:
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


True words. :)



If it looks too good to be true, it's probably a scam! Let the buyer beware.
Pentz Consulting
ForexScreamer
Jun 11 2019 at 23:05
posts 49
I agree with everything you're saying. But the challenge is $200 into $100,000. If it had to be done in a year then I wouldn't even consider it; you'd have to trade way too hot. In the beginning I'd have to trade very conservatively. This wouldn't be my only trading account, I have others. This would be an experiment.

Professional4X
Jun 11 2019 at 23:10
posts 1189
ForexScreamer posted:
I agree with everything you're saying. But the challenge is $200 into $100,000. If it had to be done in a year then I wouldn't even consider it; you'd have to trade way too hot. In the beginning I'd have to trade very conservatively. This wouldn't be my only trading account, I have others. This would be an experiment.


Go for it if you think you can.

But just remember that you should never trade with money you care anything about.
Once you make the deposit, you have to consider the money lost already.
If you can detach from the actual money on an emotional level, you'll have a better chance than most.

Send me link if you set up a stats page for it, it would be interesting to see how it turns out for you.

Good luck
 

If it looks too good to be true, it's probably a scam! Let the buyer beware.
vontogr (togr)
Jun 12 2019 at 06:12
posts 4862
ForexScreamer posted:
togr posted:
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


I see what you're saying but I don't agree 100%. It's definitely possible to turn $200 into $100,000 as long as there is no time limit specified. It's not going to happen in a year, in 2 years, probably not in 5 years. It would take time and patience, but it's do-able.


It took me half year to turn 200 to 300
I do not suppose after all these years needed there is a trader with enough discipline and luck

Matt (BluePanther)
Jun 12 2019 at 06:15
posts 1356
togr posted:
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


Whether you think you can, or you think you can't, you are right. - Henry Ford

Matt (BluePanther)
Jun 12 2019 at 06:16
posts 1356
ForexScreamer posted:
I see what you're saying but I don't agree 100%. It's definitely possible to turn $200 into $100,000 as long as there is no time limit specified. It's not going to happen in a year, in 2 years, probably not in 5 years. It would take time and patience, but it's do-able.


Agreed.
Greed too.

Matt (BluePanther)
Jun 12 2019 at 06:20
posts 1356
ForexScreamer posted:
I'm temped to try this but I want to use a Demo account, or wouldn't that be appropriate?


Demo account is not the same as Real account.
There are systems that work in Demo but won't work as well in Real. Pip scalpers are a good example.

Propiphunter
Jun 12 2019 at 06:27
posts 7
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)

If you never try, you never know.
Pahlawan Trader (Nasrul_Swing)
Jun 12 2019 at 08:29
posts 140
I'm trying hard now. Maybe luck is still with me 😂

Jaga Modal & Kekal Profit Selalu.
vontogr (togr)
Jun 12 2019 at 10:38
posts 4862
Propiphunter posted:
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)


Nope, you cant trade 1 lot with 200 deposit.
1 lot is 100,000 units
To buy 100,000 EUR you would need 112,000 USD.
With leverage of 500 this translates to 224 USD. That is just to cover margin, not taking into account the spreads and comissions and market move. If market move 10.0 pips on one lot it does mean $100. Markets move even 100 pips a day so that's $1000.

Propiphunter
Jun 12 2019 at 10:57
posts 7
togr posted:
Propiphunter posted:
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)


Nope, you cant trade 1 lot with 200 deposit.
1 lot is 100,000 units
To buy 100,000 EUR you would need 112,000 USD.
With leverage of 500 this translates to 224 USD. That is just to cover margin, not taking into account the spreads and comissions and market move. If market move 10.0 pips on one lot it does mean $100. Markets move even 100 pips a day so that's $1000.


Oh man sry, your right, you need 200€ not 200$ :) however.. 0,5lots is doable on $ too.. And no - this is ofc not an advice to do it, i just want to open your eyes that it's possible.
The typical spread on EurUsd with the cheapest brokers in the industry is at 0,1pips, the commission for 1lot at around 5€, so converted to pips some 0,6-0,7pips per lot - you can nearly forget that..
If markets move 100pips a day - be sure you catch that move ;)

If you never try, you never know.
Pentz Consulting
ForexScreamer
Jun 12 2019 at 14:37
posts 49
togr posted:
ForexScreamer posted:
togr posted:
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


I see what you're saying but I don't agree 100%. It's definitely possible to turn $200 into $100,000 as long as there is no time limit specified. It's not going to happen in a year, in 2 years, probably not in 5 years. It would take time and patience, but it's do-able.


It took me half year to turn 200 to 300
I do not suppose after all these years needed there is a trader with enough discipline and luck


It will definitely take some luck, especially in the beginning, to avoid market conditions what will cause a margin call.

Veuillez vous connecter pour commenter .