$40 to $1000 Challenge

I can't see anything here. 🙄

Please sign me in to this challenge!

Ay let's go! live or demo anything is fine as long as you grow it to $1000 with $40

Good luck to anyone who attempts this 😁

I actually did $35 to $1590 this was back in 2008 and in a third party account, but I will never stress myself like that again, if not at least 5k, I will not. $40 to $1000 is heavy stress

ProfitableRisks posted:
I actually did $35 to $1590 this was back in 2008 and in a third party account, but I will never stress myself like that again, if not at least 5k, I will not. $40 to $1000 is heavy stress

lol for sure it can be a pain, I just want to challenge myself and I can't even see my original post rn Idk why rip

spysfi posted:
Please sign me in to this challenge!

Create a new trading account and then create a myfxbook stats page.
You should fully validate and verify your account and stats page.
Show all your relevant account data, balance, historical trades, etc.
Post the link to the stats page here.

Raby posted:

ProfitableRisks posted:
I actually did $35 to $1590 this was back in 2008 and in a third party account, but I will never stress myself like that again, if not at least 5k, I will not. $40 to $1000 is heavy stress

lol for sure it can be a pain, I just want to challenge myself and I can't even see my original post rn Idk why rip

Well good luck to that, I can't stress my brain no more, I have to save the stress for clients accounts.

Good luck. I have tried and feel stress did this, from $70 and when it hit 1,000% gain, I loss it all.
So, no more trading challenge, because for me it did not give any benefit.
Better trade with wise money management, accept the losses, and slowly build up portfolio. Later, investors will come if you need this :)

This challenge is fine but to try and do it in less than a year is stupid.

This kind of challenge indeed motivates traders to trade more, however, $40-$1000, which is a quite wild range for beginners. That would be a disaster.

Nasrul_Swing posted:
Good luck. I have tried and feel stress did this, from $70 and when it hit 1,000% gain, I loss it all.
So, no more trading challenge, because for me it did not give any benefit.
Better trade with wise money management, accept the losses, and slowly build up portfolio. Later, investors will come if you need this :)

How to increase the score by 1000 times. I managed to go almost half the way to this goal. The result for four months was increased by 28 times. It remains to increase the score by another 35 times and the goal would be achieved. After all, it is so attractive, I opened an account in the account of $ 10 and in a year you have $ 10,000.

$40 . . . . . thats no easy challenge!

I opened an account years ago on pepperstone using their bonus and made 200 from their 20 ,before I started working in Finance
10 to 1000 is almost impossible 100 to 1000 is possible.

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

Marketmultitool posted:
I opened an account years ago on pepperstone using their bonus and made 200 from their 20 ,before I started working in Finance
10 to 1000 is almost impossible 100 to 1000 is possible.

But I twice easily increased the score 20-28 times in 4 months. I posted in the post above. But the whole problem, played too much. Need a risk manager. And 1000 times is not the limit. The system works fine, Psychology is in the way.

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

Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.

ufotech posted:


Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.

  Here is the monitoring of my first attempt to disperse the score. On the first attempt, it was possible to increase the account from $ 1-$ 20 for 4 months. But then he played too much and merged. Psychology got in the way. On the second attempt, it was possible to increase the score by 28 times in 4 months. But just played too and merged. I did not monitor this account. There is a report on my trade.

That is an interesting challenge, gonna keep checking out in this thread.