$40 to $1000 Challenge

DtraderB 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.

Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$

I have doubled account during 24 hours
and what?
Unlike you I have verified record of that here on MFB

Marketmultitool posted:

Gabor33 posted:

DtraderB 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.

Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$

Can we see the above said account?
Just telling us doesnt really count...

Pepperstone used to have a bonus starting account ,no deposit required I used to make nice profits on Binary scalping most I made in one day was 250 Euro ,broker rang me and asked how I did it lol ,had to close it before working in City.Fun times before all the regulations.

I've started some accounts with no deposit bonus. FBS is really hard to get, as they require us to trade 5 lot, 0.05 per time. I managed to doouble to initial 100$ over 90 days. It is really fun to trade with bonuses, instead of demo accounts..

Gabor33 posted:

DtraderB 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.

Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$

Can we see the above said account?
Just telling us doesnt really count...

@Gabor33 you can see the link to my mql5 on the description of my account. I'm not bragging, I only interested in studying and discuss the possibilies of doing it again. The account stared with 30$ I'm 900$ plus in profits.

DtraderB posted:
I've started some accounts with no deposit bonus. FBS is really hard to get, as they require us to trade 5 lot, 0.05 per time. I managed to doouble to initial 100$ over 90 days. It is really fun to trade with bonuses, instead of demo accounts..

Irrelevant information though, because that isn't what the discussion is about.

The discussion is:

$40 to $1000 Challenge

If you feel you can do it, then please feel free to open a LIVE account with a simple $40.00 USD starting deposit.

Using a deposit bonus isn't the same thing as putting $40.00 USD of your own money into a trading account.

Using a $100.00 bonus with your $40.00 USD Deposit would give you a starting balance of $140.00 in total with the bonus.

Once you create the live account showing a $40.00 USD deposit (no deposit bonus or other such nonsense), then you will need to create a MyFXBook fully validated stats page for the account, and post it here for everyone else to view.

Open all the statistics data for the account so everyone can see the account results.

Numerous people SAY they can do it, or that they've done it, or some other nonsense.

The reality of the situation however, is that very few people can actually complete this kind of challenge successfully, and then when they fail, they blame it on the markets or some other nonsense.

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?

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!

Most EU accounts have a starting min of 100 unless its a cent account ,even 100 euro is difficult unless you got experience ,plus leverage is a factor for beginner accounts.

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?

Here is the account:



Can you see it?

I've no intention to win the 'challange'. I only saying it os possible. As I said i'm new here, I'm only confortable using MQL5, the account can be checked throw the link I posted here and is on my description, I'm not selling signal or any thing...

ufotech posted:

DtraderB posted:
I've started some accounts with no deposit bonus. FBS is really hard to get, as they require us to trade 5 lot, 0.05 per time. I managed to doouble to initial 100$ over 90 days. It is really fun to trade with bonuses, instead of demo accounts..

Irrelevant information though, because that isn't what the discussion is about.

The discussion is:

$40 to $1000 Challenge

If you feel you can do it, then please feel free to open a LIVE account with a simple $40.00 USD starting deposit.

Using a deposit bonus isn't the same thing as putting $40.00 USD of your own money into a trading account.

Using a $100.00 bonus with your $40.00 USD Deposit would give you a starting balance of $140.00 in total with the bonus.

Once you create the live account showing a $40.00 USD deposit (no deposit bonus or other such nonsense), then you will need to create a MyFXBook fully validated stats page for the account, and post it here for everyone else to view.

Open all the statistics data for the account so everyone can see the account results.

Numerous people SAY they can do it, or that they've done it, or some other nonsense.

The reality of the situation however, is that very few people can actually complete this kind of challenge successfully, and then when they fail, they blame it on the markets or some other nonsense.

I dont know why you are so skeptical. I've already done it. Check my MQL5 the 'prove' is there. My point is if something seems impossible to you, it doesnt mean it impossible to another...

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?

No because it is an unrealistic challenge.

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?

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

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...

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

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

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.

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+.

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.

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.