Not well. I didn’t follow my rules and kept making the same mistakes. Put it on pause for a while to re-think my rules to follow. Below is my new rule list to follow.
Trading plan. 8 Rules to follow.
Only trade .01 lot size per $1000. i.e. $2000 would allow you to trade .02 lot size.
All trades have a starting close limit of 50 pips. No stop loss.
Trade pairs that have changed over 100 pips in the same day. This can be seen best on the 4H chart.
Close any trade that you see make over 20 pips. No matter what. Find a new pair to trade.
Double each trade after 50 change in the wrong direction.
Always keep the Usable Margin over 75%. Stop opening trades if it drops below 75%. Wait for the turn around….
Withdraw 50% of earning per month. Keep the rest to trade.
Trade in positive pair rollover direction. Always.
Right now I’ve made $238 following these rules. Hope to keep it up!
Hey, I wish you the best! I once questioned a traders style that traded the EJ only using the 50% Fibonacci as support/resistance…he’s made lots of money with his strategy… Takes a lot of skill and throw some luck In there as well…hope you make your millions…D
Don’t worry I don’t take any offence. If I wanted to get offended I’d go to my local McDonald’s.
That post you quoted was from 2011 and the guy in question hasn’t been back here since January 26th 2018 - probably done and dusted as well.
I would say its pretty clear its sarcasm, and if its not, its just a lie he happens to believe himself. After all if you want to sell your wares, first you have to believe yourself before you can convince others.
If you tell yourself the same lie over and over, eventually it’ll be like the truth to you.
Starting of with $1K means you will need all the luck in the world - and it isn’t happening. At some point in the chain you will take a hit and that will be the end of that.
If he was so confident, why didn’t he just get $1K together and get things moving.