$200-100k challenge

i am doing a 200 dollar to 100k challenge trading EW exclusively
https://www.myfxbook.com/members/TheSlyFox/ew-theory/2812917

Very nice track record. Looks like you hit a rocky patch but recovered from it.

Yea, i had a small drawdown but it was within my risk profile to have some losing trades in a row cant win 100%. even elliot waves arent that accurate lol

So how do we follow.

you just watch my progress unless you mean copy trade?

I just track your account. I am grinding mine too. good luck.

This is why traders stay out of the market over New Year.
I made $13.5 million last year but lost majority over New Year.

Do not trade over Christmas /NY!

Sorry to say but 200 dollars to 100k is impossible.

Hi,

Interesting goal starting with only 200, I'm sure it's achievable with time.


Unfortunate loss a few days ago but keep going!

LongVision posted:
Sorry to say but 200 dollars to 100k is impossible.

Not impossible, just harde (than say, $1000 to $100k)

And $200 is very little margin to begin anyway. You probably should not start with so little.
If you cannot afford to risk at least $1000 then you should not be trading!

I have traded managing a 1.28 million dollar fund for the past year. this is purely to show you can start with any amount. as for new years i lost internet from storm so my ea was offline---- it manages my risk for me to insure i never ;lose 5% on a trade on this account-----

Good luck. I saw 1 account grow from $1k to $100k within 2 years, and I hope I can do that. Trying hard to grow my $100 😂

TheSlyFox posted:
I have traded managing a 1.28 million dollar fund for the past year. this is purely to show you can start with any amount. as for new years i lost internet from storm so my ea was offline---- it manages my risk for me to insure i never ;lose 5% on a trade on this account-----

That is for sure.
1.28 million dollar accounts are traded from home pc with no backup and when storm comes it will end up badly.
And do you know the fairy tale about red hood? :)

With a $1m account I would make sure that I have backup internet and computers. In fact it would probably make more sense to use a VPS from a reputable provider. Then there are no risks of a storm causing problems.

ChristianBeach posted:
With a $1m account I would make sure that I have backup internet and computers. In fact it would probably make more sense to use a VPS from a reputable provider. Then there are no risks of a storm causing problems.

Vps is even free for a year.

TheSlyFox posted:
you just watch my progress unless you mean copy trade?

Yeah I'm interested in copy trading... I also have the same challenge for 2019.

BluePanther posted:

LongVision posted:
Sorry to say but 200 dollars to 100k is impossible.

Not impossible, just harde (than say, $1000 to $100k)

And $200 is very little margin to begin anyway. You probably should not start with so little.
If you cannot afford to risk at least $1000 then you should not be trading!

Agree. But requires a lot of emotional control which most traders dont have. And consistency in proper trade management

nasrul_poyo posted:
Good luck. I saw 1 account grow from $1k to $100k within 2 years, and I hope I can do that. Trying hard to grow my $100 😂

This guy hopes to make $100 grow to $100k within 3 months:
https://www.myfxbook.com/members/fxsc1lper/high-return/2792135

It is possible, but the question is 'how?'.

BluePanther posted:

nasrul_poyo posted:
Good luck. I saw 1 account grow from $1k to $100k within 2 years, and I hope I can do that. Trying hard to grow my $100 😂

This guy hopes to make $100 grow to $100k within 3 months:
https://www.myfxbook.com/members/fxsc1lper/high-return/2792135

It is possible, but the question is 'how?'.

The guy had over 45 % drawdown even at the start. Until you can learn to be patient and treat it like a business, it is very difficult to do it sustainably.