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...

Larry willi flipped 10.000 to 1.000.000 in annually in a trading competition, trading futures...

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.

thats good,I have another job in hand
https://www.forexforum.co.za/attachm...1926629403.xls

Intention was to place a synopsis of all week transactions with the screenshots acquired within the week, even after looking through all of the screens it has become hard to sort through the dozens of charts and envision what my thought process was.

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

So far as profit advancement goes, 2 days dropped and was unable to log equity.
Main mistakes were emotional distress, and inability to ignore what forum posters believed was going to occur.

Goal for this week is to attempt and stay away from inhaling what predictions have been made on the forum, and just go with the price action seen on charts.

Primary forms of trading will likely be fundamental chart patterns, Pennants, Rectangles, Triangles, Wedges; with Fibonacci Price action.

I have removed the Margin Profit Reduction column as a result of my persistent need to exceed the necessary equity for that day, therefore it's resulted in large losses.
Will attempt to simply focus on consistent trading outcomes vs profit margin.

If I drop too far behind on the 20 day mark, I will start from scratch with a new profit goal comparative to my account fairness.

Cheers.

Goodluck,I adore these quests,its like reading a book whilst the writer is writing another page
regards
william

I look forward to watching this Journal Progress.

Some atforexforum.co.zahave achieved extremely substantial profits when they achieved short cycles -- one daytrader, daily; yet another shortterm trader, on an occasional week -- of trades after which withdrawal of earnings.
It is a joy to watch somebody who can do this well.

Consistency for three months in a row of daytrading are a feat.
Good luck on your project.

This is great but how do we know that your trades are real? Even in the event that you own scalp why dont you place an mt4stats connection or myfxbook link to this thread? Everyone can post an excell sheet... or do I overlook something?

Originally Posted by ;

This is great but how do we understand that your trades are real? Even if you own scalp why dont you place an mt4stats connection or myfxbook link to this thread? Anyone can post an excell sheet... or do I miss something?

Regrettably, I have an iMac and utilize Dealbook net via GFT. I'd love to have auto or manual sync with one of those above pip bloggers. I'd love to keep track of my trades with such ease.

In the end of the week I will just take a screenshot of my broker's account balance if you feel I need to prove something.

But just like every stat sheet or screenshot, it can easily be manipulated.