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Is what's happening in the contest even remotely possible?
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Clash

Biedrs kopš Nov 19, 2011  40 ieraksti Frank (Clash) Mar 01 2012 at 22:33

   sim3j posted:
   Even 150-200% a month is very possible with good knowledge and a good pair smiley.


No, I don't think that's very possible at all.

A smart man only believes half of what he hears, a wise man knows which half. -- Jeff Cooper
DrVodka

Biedrs kopš Dec 16, 2011  291 ieraksti DrVodka Mar 01 2012 at 23:01

   Clash posted:
   
   sim3j posted:
   Even 150-200% a month is very possible with good knowledge and a good pair smiley.


No, I don't think that's very possible at all.



it a bit defferent try to make 100 % out of 1000 $ or try to make 100 % out of 50 000 $ ...But it is possibe any way .. MORE money more risk less money less rick ..

sim3j

Biedrs kopš May 01, 2011  56 ieraksti sim3j Mar 02 2012 at 08:41 (labots Mar 02 2012 at 08:41 )

   DrVodka posted:

it a bit defferent try to make 100 % out of 1000 $ or try to make 100 % out of 50 000 $ ...But it is possibe any way .. MORE money more risk less money less rick ..



I do agree. A friend of mine, over 2 years ago, managed to make around 170% a month for almost a whole year (10 months, to be precise) from an intial deposit of $7.000,00, alter he made another, in total of another $5.000,00. And he said, it wasn't too risky.

Risky was, when he tried to multiply his deposit 50 times within 2 months and yes, he did not succeed that time, he still made about 2,5k %, which I still think is great.

trixifx

Biedrs kopš Jan 16, 2010  41 ieraksti trixifx Mar 02 2012 at 15:10
Something that no-one mentioned to date is the effect of having all that growth has on your psyche. There was a period where I had a small account grow by 1,000% in 6 weeks. Roughly 60% of the portfolio at risk every day, but the dollar amount was so small it didn't really matter.

So of course after making 1,000%, I decided to add much more money to the account. For a while the returns were pretty good, but after having two days (luckily after reaching new equity highs), where I lost 50% of the account overnight, it pretty much wore me out. Especially since on both those days, I lost far more than my monthly salary.

Ultimately, I still managed to withdraw quite a bit from the account before I stopped trading that method, but I suspect very few people would be able to survive those type of equity swings. Also, aiming for lower risk means you lower the risk blow-up. If those to 50% losses happened on two consecutive days, I would have been down about 75% from my peak. Try handling that with a substantial account.

FXpipsman

Biedrs kopš Feb 21, 2012  1 ieraksti FXpipsman Mar 02 2012 at 15:56
Now, That,s abeit of gambling with the flow of Luck...@.sim3j, This is akind of having a bigger pocket with a SL open to the limit of the account, just like in demo, it is possible to achieve, we have see how the markets move with good / bad news, up and down and swing around at the fibo level monthly charts, it isn't impossible to the above. Playing poker is about the same, when money is unlimited......You call :All In:

Just a thought...

kidrock

Biedrs kopš Apr 23, 2011  11 ieraksti kidrock Mar 02 2012 at 16:54 (labots Mar 02 2012 at 16:55 )
.

kidrock

Biedrs kopš Apr 23, 2011  11 ieraksti kidrock Mar 02 2012 at 17:01

Splexin

Biedrs kopš Apr 11, 2011  202 ieraksti Splexin Mar 02 2012 at 17:44

   kidrock posted:
   check this out... 6000% in 1 week, real... https://tradingarsenal.com/trading-journals/108-forex-real-account-3.html#post1696


Uhmmmm....that hardly qualifies as proof.....LOL

'Real,' right.....just because they said it was real lol



Attached the image for people who don't want to register there wink
Pielikumi:

trixifx

Biedrs kopš Jan 16, 2010  41 ieraksti trixifx Mar 02 2012 at 19:02
Yeah, I would also like to see him trade the account from $6,000 to $360,000. It becomes a totally different game then. twist

myfxpt

Biedrs kopš Aug 06, 2011  345 ieraksti Gary Sharp myfxpt com (myfxpt) Mar 02 2012 at 21:53
One of my early demo accounts made $80,000 overnight. Oddly, I have never been able to repeat this with my real account. In fact, I blew my first real account, and my second, and my thrid, before the MONEY MANAGEMENT message got through...capital preservation is the number one priority!

Now it's obvious. If I build my account to $500,000 and generate 5% income each month, I'm happy! Now, how to get $500,000 in my account...

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