I wanted to start a thread to track my trades and my profit/loss and also my trade amounts compared to my account size.
I will post my last 6 when I get home to get the ball started.
Starting with $200 capital and aiming to double it once a month for 12 months ending with $819200 before withdraws. I’m up 30% of my demo so far so I’m closing it and putting in real money. Will be trading with Oanda and mt4 15m charts. Only using RSI and divergence.
Good luck. I will be watching to see how it goes.
Thanks. I’ll post all the entries, exits, and p/l as I can and hopefully wen I make the trade. I obviously do not seriously think I will make 812000 but I’m going to see how close or far away I can get.
Good luck Kelton…
Gotta have a dream bro best of luck
[QUOTE=“bobbillbrowne;549372”]Gotta have a dream bro best of luck[/QUOTE]
Thanks yo. And to be clear again I’m not crazy, I know the odds of doubling an account 12 times lol and I know proper money management. This is a “high risk” experiment. I will be opening with positions that are 10% of my capital at 50:1 leverage. Only GBPUSD and EURUSD. No stop loss, just my judgement
Good luck. Im testing the same type of plan. I don’t think you’re crazy, as a matter of fact, I think your plan will work maybe not doubling 12 times, but depending on your judgement I think you can build your bank roll. I’m looking forward to see what happens. Again Good luck
Gp
Woow, 200$? I have 300$ and i was thinking i cant go LIVE ? Kelton, u have gingered my courage . Good luck brub, i will subscribe to your thread to see new update. Dont forget to post your strategies, setups, No of position bought, Leverage and margins for esch trade becsuse i might be needing them for my analysis too.
Best Regards
Ambrose
[QUOTE=“Heaveneze;549399”]Woow, 200$? I have 300$ and i was thinking i cant go LIVE ? Kelton, u have gingered my courage . Good luck brub, i will subscribe to your thread to see new update. Dont forget to post your strategies, setups, No of position bought, Leverage and margins for esch trade becsuse i might be needing them for my analysis too. Best Regards Ambrose[/QUOTE]
Well it’s not about the size of the account it’s the size of your trades, leverage, and risk. I’ll only be opening $20 trades initially. With 50:1 leverage. That’s a .01 lot. 10% of my account. If I make a 100 pip mistake that’s roughly a 5% account loss. It’s high risk, but not ridiculous.
[QUOTE=“Kelton;549571”]
Well it’s not about the size of the account it’s the size of your trades, leverage, and risk. I’ll only be opening $20 trades initially. With 50:1 leverage. That’s a .01 lot. 10% of my account. If I make a 100 pip mistake that’s roughly a 5% account loss. It’s high risk, but not ridiculous.[/QUOTE]
Awesome maaaan. That is what sup brooo
Aw c’mon. Not Again, please.
[QUOTE=“Mr Gone;549604”]Aw c’mon. Not Again, please.[/QUOTE]
Not again for what ?
[QUOTE=“Heaveneze;549596”]So what strategy , time frame and currency pairs are we talking about now @Kelton ?[/QUOTE]
It’s a strategy based on RSI and standard deviations. Finding tops and bottoms. Last few trades trading 1 lots on demo.
It’s a total of a little over 500 pips. And currently in a position now at + 40 pips.
Kelton, you know i got my eyes on every lil update on yo thread bro. I dont wanna miss any
[QUOTE=“Kelton;549616”]
It’s a strategy based on RSI and standard deviations. Finding tops and bottoms. Last few trades trading 1 lots on demo.
<img src=“301 Moved Permanently”/>
It’s a total of a little over 500 pips. And currently in a position now at + 40 pips.[/QUOTE]
Cool bro that is awesome … Do u mind sharing it in here ?
[QUOTE=“Heaveneze;549620”] Cool bro that is awesome … Do u mind sharing it in here ?[/QUOTE]
I don’t mind at all. It’s just hard to explain. There are not rock solid entries and exits. It’s a little intuition and price action. But it’s the normal RSI put to 25 with a 3 period simple moving average laid over it. I also have a standard deviation indicator layered over top. When the RSI breaks above overbought condition and comes back down I sell and vise versa. But I also take into account divergence
How long have you been trading?
Live and demo about 5 years. Mainly demo though trying to learn everything before jumping in.