Thread: $800 - $200,000

Intention of thread would be to now reach $100,000.00 within 3 weeks with a starting capital of $1,000.00.



I originally created this thread to keep track of my trades and establish certain financial objectives, as a result of my broker being unsupported in functionality monitoring sites like Myfxbook.com and fxstat.com.

But I recently made a change to Oanda.com, and have the pleasure of being in a position to have all of my trades auto tracked via MyFxbook.

Initial deposit of $1,000 final week.

I'll link my functionality to this thread with a few casual updates across the future.

The first objective is most likely too far fetched for my ability level, however I do believe something like that can continue to be unattainable, however I, at my current 4 month trading experience.

Http://www.myfxbook.com/members/henr...kerpunch/77126


Initial thread article:

Originally Posted by ;

Beginning with a funding of $800.00, I will be trading EUR/USD in an attempt to convert it to $200,000 in 3 weeks.
Pip target per daily session is 30 - 50 pips. Will keep trades to a minimum to decrease exposure, with exceptionally tight stop losses.



I'll be using my full bankroll, and will update results at the end of each trading session. I'll just trade Monday through Friday, rather than include Sunday in my sessions. If I do commerce on a Sunday, then I'll include those profits or losses at Mondays...

Originally Posted by ;

If I may ask, is your lack of a STOP part of the egy, or just a deficiency on your part?

I understand a few traders who trade grids who don't use STOPs at all and manage their rankings with LIMITs only.

It's designed to be a egy, but it has become more of a deficiency because of my lack of discipline.

To add on to that, most traders who don't use stop losses use a Money Management egy which only puts a specific percent of their equity at risk.

I use 100%.

So that it would most likely be more fortunate for me to use SL's.

Originally Posted by ;

Blew more than half of the account, on lack of stop loss and margin cut.

No bueno, for some reason that commerce is not reflected on myfxbook, which is not good because I would prefer a realistic stat output.

Short EUR/GBP and GBP/AUD.

If I might ask, is the lack of a STOP part of the egy, or just a lack on your own part?

I know a couple of traders who trade grids who don't use STOPs at all and handle their positions with LIMITs only.

Originally Posted by ;

is there another loion to follow your trades?

I will open up my trades on FXbook at the conclusion of the weekI have my FXBook on the very first article.

Blew more than half of my account, on deficiency of stop loss and margin cut.

No bueno, for some reason that commerce isn't reflected on myfxbook, which isn't good because I would like a sensible stat output.

Short EUR/GBP and GBP/AUD.

Is there a different loion?

Originally Posted by ;

Intention of thread would be to now reach $100,000.00 within 3 months with a starting capital of $1,000.00.

expect you will update daily today. not like last time : P

wish u good luck !

Intention of thread would be to now reach $100,000.00 over 3 weeks with a starting capital of $1,000.00.

Originally Posted by ;

Hi,

why don't you join your account to FxStat where it will do all of the analysis. Then you don't need to bother with all the postings.

Just a suggestion...

Yeah the postings are somewhat annoying, and I have not even done ! LoL.

I tell myself everyday, now I will log a few screenshots and talk about it and post it. Haven't done yet, and now I don't really think I'll, I am too lazy. The only benefit of it I see is just to help me remember what I am doing right, and what I am doing wrong. Which are pretty important.

Nevertheless, I don't think FxStat works with Dealbook Web, I utilize an IMac. So I really don't have the pleasure of using MT4/5.

Originally Posted by ;

Intention was to post a synopsis of all week trades with the screenshots acquired over the week, after looking through all of the displays it is now difficult to sort through the dozens of charts and envision what my thought process was.

Thus from that point forward we will just attempt to get a daily log up of what we are looking for in our trades.

As far as profit advancement goes, 2 days dropped and was not able to log equity.
Main errors were plogical distress, and inability to dismiss what forum posters believed was going to occur.

Goal for this week...

Hi apt,

why don't you connect your account to FxStat where it'll do all of the analysis. You don't need to bother with all the postings.

Just a suggestion...