From 300 to 100k in 10 weeks!

[FXSilver]

[B]Hi![/B]

Im here to share my journey from 300 to 100k in 10 weeks.

[B]So here is my plan:[/B]
Weekly goal is 100%.
I risk 10% per trade.
Every week i adjust my trade size.
When i loose 5 trades in a row means im down 50% then i adjust my trade size aswell.

[B]Why do i share this?[/B]
Because when i share my trades and results daily i’m more disciplined to take high probability trades.

[B]My trading experience?[/B]
I have been trading for about 5 years, first 2 years i traded binary options and then i moved to forex.

[B]Why do i do this?[/B]
Because i want to prove myself and other people that this is possible and not hard.

[lexys]

Weekly goal is 100%.

If you double your trading fund each week, then 10 weeks will take you to 2^10 times your original fund; since that seems to be 300, you’ll actually have just over [B][U]3[/U][/B]00,000 rather than 100,000, I think? A nice, additional bonus, there?

I have been trading for about 5 years

It hasn’t apparently diminished your enthusiasm for trying to get rich quick. Good luck.

[FXSilver]

Hi!

Today i got 2 trades, one was GU short that i lost and one was EU short.
Here they are:

Finished my day in 10% profit.

[FXSilver]

Hi!

Well got no trades today.

[Tektolnes]

Has your 3 years in forex not shown that this sort of return just isn’t possible? Why stop at 10 weeks when you’ll only have earned a paltry $153,600? Keep going for just another 16 weeks after that and you’ll be the 3rd richest person in the world with a net worth of around $10bn. But don’t stop there! Keep going for a full year and your $300 will have turned into $675 quadrillion. You will literally own the world.

Seriously though it’d be a good idea to lower your risk and your expectations and expand out your timelines for success. If it was that easy why aren’t banks who employ highly capable professionals who are wired into the markets full time raking in that kind of cash every year?

[fiatdave]

Please do continue to publish your results! I have been around in and out for some time now and most of the time people are posting losses after losses! Would be nice to see if it is possible. You should post your trade entry and exit numbers, that would be helpful!:35:

[FXSilver]

Has your 3 years in forex not shown that this sort of return just isn’t possible? Why stop at 10 weeks when you’ll only have earned a paltry $153,600? Keep going for just another 16 weeks after that and you’ll be the 3rd richest person in the world with a net worth of around $10bn. But don’t stop there! Keep going for a full year and your $300 will have turned into $675 quadrillion. You will literally own the world.

Seriously though it’d be a good idea to lower your risk and your expectations and expand out your timelines for success. If it was that easy why aren’t banks who employ highly capable professionals who are wired into the markets full time raking in that kind of cash every year?

There is a limit where you slip price against you, you just dont have liquidity, thats why banks cant do it.
Tell me one real reason why this is not possible?

[FXSilver]

Please do continue to publish your results! I have been around in and out for some time now and most of the time people are posting losses after losses! Would be nice to see if it is possible. You should post your trade entry and exit numbers, that would be helpful!:35:

Thats good idea, i will start posting my trades when i close the trade.

[FXSilver]

On friday i had one trade, GU short and had to close it at BE.
So i end my week in 10% profit.

[Tektolnes]

There is a limit where you slip price against you, you just dont have liquidity, thats why banks cant do it.
Tell me one real reason why this is not possible?

Your weekly goal is 100%. This week you got 10%. What caused you to not get the other 90%? What’s happened over the past 3 years you’ve been in forex when you traded with these sort of goals?

Bottom line you’re risking way too much on each trade. Sooner or later you’re going to hit a patch where you get 5 trades wrong in a row. Your account will be down 50% at this stage. Let’s say it happens on week 1 and you go from 300 down to 150. Now just to get back to your original entry level you have to get 100% profit on your balance. What do you do at that point? You say you change your trade size - does that mean you increase the size to try and get back your losses more quickly? In the end you’ll just be putting yourself under more pressure to get a win and that’s not conducive to picking good entries. You’ve been here before where you’ve seen your account get busted in half by just a few trades right?

You seem to have a problem with discipline if I read between the lines of your first post correctly. You’re posting here to try and keep yourself honest but it won’t help when it comes to the psychological pressure you’re putting yourself under to try and achieve something in a timeframe it’s just not achievable in. I’ll say it again - large financial institutions and individual professional traders don’t turn this kind of profit and they’re guys who are totally wired into the market. It’s not to do with liquidity. You’re looking to get rich quick and it won’t work - it never works in the timeframe you’re looking at. The question isn’t why this isn’t possible. The question you should be asking yourself is why you think it is possible when nobody else seems to be able to manage it?

What’s the harm in giving yourself realistic goals to start off with? Lower your risk and see if you can get 1% or 2% per week. See if you can stay in the game for 6 months like that. With compounding and periodically adding to the balance with money from your job your account balance turns into serious money over the years. You won’t be a millionaire overnight but you could be in 10-15 years which would be ok right?

[FXSilver]

Your weekly goal is 100%. This week you got 10%. What caused you to not get the other 90%? What’s happened over the past 3 years you’ve been in forex when you traded with these sort of goals?

Bottom line you’re risking way too much on each trade. Sooner or later you’re going to hit a patch where you get 5 trades wrong in a row. Your account will be down 50% at this stage. Let’s say it happens on week 1 and you go from 300 down to 150. Now just to get back to your original entry level you have to get 100% profit on your balance. What do you do at that point? You say you change your trade size - does that mean you increase the size to try and get back your losses more quickly? In the end you’ll just be putting yourself under more pressure to get a win and that’s not conducive to picking good entries. You’ve been here before where you’ve seen your account get busted in half by just a few trades right?

You seem to have a problem with discipline if I read between the lines of your first post correctly. You’re posting here to try and keep yourself honest but it won’t help when it comes to the psychological pressure you’re putting yourself under to try and achieve something in a timeframe it’s just not achievable in. I’ll say it again - large financial institutions and individual professional traders don’t turn this kind of profit and they’re guys who are totally wired into the market. It’s not to do with liquidity. You’re looking to get rich quick and it won’t work - it never works in the timeframe you’re looking at. The question isn’t why this isn’t possible. The question you should be asking yourself is why you think it is possible when nobody else seems to be able to manage it?

What’s the harm in giving yourself realistic goals to start off with? Lower your risk and see if you can get 1% or 2% per week. See if you can stay in the game for 6 months like that. With compounding and periodically adding to the balance with money from your job your account balance turns into serious money over the years. You won’t be a millionaire overnight but you could be in 10-15 years which would be ok right?

I havent tryed this before and i do this because i think its possible.
Well if you like my challenge then just follow my progress, thats all.

[BBalazs]

I’m with you on this one FXSilver. While I think the task is difficult, to say the least, who am I to say it is impossible. I’ll follow the thread with great interest.

All the best,
Balazs

[FXSilver]

Hi everyone!

Well today i had 4 trades, 3 trades i closed at BE because i have longer term view on USDJPY to the long side so i didnt wanted to take profit and 1 USDJPY trade is open, so here they are:

So today was a ok day, i got strong UJ long position and didnt lost any money, i take BE trade all day, sooner or later i get the move im looking for.

All the best,
Silver

[cnigrini]

Good luck FXSilver, please keep us updated.

[FXSilver]

Hi,

Well UJ long didnt worked out.
Yesterday i had one EU long that i closed at BE aswell.
Lets see what do we get today from the market.

Br,
Silver

[ViiLucky]

Trading is business. But your business is very risky. You can lose everything. No one of investors can deal with you.

[B]Hi![/B]

Weekly goal is 100%.

[FXSilver]

Hi,

Well no profit no loss today aswell, my plan was to short EU, got couple of shorts but had to close at BE, market didnt moved before FOMC.

[FXSilver]

Hi,

Today got setup on AU but didnt worked out, had to close it at BE.

[FXSilver]

Hi,

Well today i had 2 trades, one 8% winner because news came and i had to take small profit, and another one was BE.

So for the week im up 8%.
In total im up 18% (from 300 to 355).

Have a great weekend,
Silver

[FXSilver]

Hi,

Today no trades.

Br,
Silver