You are welcome,.Eddie…
And if GBP/NZD ever made it to 3.0 before I was in my seventies, I would have to invite you over for dinner 
Good ideas to put into practice, very good info and useful.
So many threads on BP asking if it’s possible to grow a small account, I’ve always said it is and have decided to actually try it for myself.
Ive started a $100 account today, trading similarly to Balls Of Steel looking for long term trends but using stop losses as the account is too small to take risks, so I’m trying to replicate the position of a lot of newbies.
I will start with 0.01 size lots, 0.02 as the account grows.
I will only open trades when existing trades have some profit locked in.
I will manually move my stops, no trailing stops.
I will let my trades run in true Balls of Steel fashion, trying to maximise my profits.
I dont have the time to post trades, but will try my best to keep this updated.
So, started today with $100.00
Closed 4 winning trades, the best being
GbpJpy short for +140 pips
GbpUsd short for +51 pips
Balance $118.55
I’ve done exactly the same by opening up a $100 account and hoping to double it sometime this year. I was up 12% last week but went through a number of bad trades and as of right now my account is down 7%.
I’m a first time poster but have been following this thread for some time. Hoping this thread keeps going as it has been really insightful and educational for a newbie like myself.
Ended Day 1 on $122.48
Hi, just got a few minutes so thought I’d update this.
Doing very nicely on GbpUsd and GbpJpy shorts, have had trades retrace and close for nice profits, then reopened them at better prices than they closed at.
Also keeping an eye on a possible UsdCad long - if you look at the D1 charts this pair is around the bottom of a climbing channel, so I hope to get in should it bounce off the channel bottom.
Balance Day 2 $129.61
2 trades GbpJpy and GbpUsd shorts both with profit secured by stops
Namaste
This is a great thread I hope you do well with it
UsdCad is indeed interesting, with that long-term trend-line support offrring an opportinity, although it is a slow-moving pair, so if anybody loves their crosses, they should forget about quick gains through this Major!
Have my eye on the USDCAD pair as well as GBPCAD. Seems like both are due for a bullish reversal soon.
Hi.
Since my last post Ive had very little time to trade, just sticking with GbpJpy shorts at the moment. Over the coming months I really can only see Sterling dropping, although this weeks better-than-expected UK numbers picked it up temporarily.
Couple of trades closed, some up a bit, others lost a bit, with the end result that my balance has barely moved since my last post.
Still keeping an eye on USDCAD, looking for a return upwards here.
Balance after 1 full week $128.94
Gone long on that UsdCad trade I mentioned before, so now have 3 trades opem
Long UsdCad
Short GbpJpy
Short EurUsd
Here’s some nice music for the weekend
Hi.
Currently on $131.22
However, I have very little time to trade at the moment and even less time to visit BP, so I’ll freeze this account for now and return to it some time later when, hopefully, I will have more time.
Hi Eddie!
That is fantastic! Well done!
How do you ‘freeze’ an account? Stick in the freezer for a bit… ? ;p
See you around! Don’t go away too long
This thread should be revived for all to see!!
Hi PMH.
Long time since I last read this thread, let alone posted on it.
Oddly, there is still an element of Balls of Steel in my trading even now. Sure, my money management is tighter and I’m less likely to let losses run away with me, but I do stick in trades for a long time, rarely cashing out for less than a hundred pips even on slower moving pairs.
I also, as you know, trade indexes, gold, and oil much more than before.
1 Like
I shall now name you
Lord Steel of Pipdom
1 Like