@dvd1930, You have to try to do it yourself, take no notice of the “If I can’t do it… then no one can” crowd that permeates these threads… plan it out, stick to the plan and make it happen…
Is it easy, no, trading these markets is never easy… Follow links below…
@the_halfblood_cake, Hey Federico, please note the running balance total… same (1) account for 57 days…
Yes, the trick is this.
You open 50 accounts with $30.
You burn 49 accounts, but at least one will be lucky enough to give you a very high return with an acceptable drawdown.
Discard the 49 accounts you have burnt in these 3 months and publish the one that had success.
If you had bothered to even read the tread… and by the instant reply… obviously you haven’t, you’d realise that the total risk on the whole 57 day experiment was $10… a coffee and donut…
So are you saying that you can sustain +2,900% every 3 months? Because, in this case, in 2 years you would have the net worth of Jeff Bezos and Bill Gates combined!
I feel so bad for Amazon and Microsoft. Why bother with years and years of work, if you can just invest $30 and be the richest man on Earth in one year and a half
What does this have to do with anything?
He’s asking if it is luck or it is sustainable. You can risk $10 and you can risk $1 million. The answer is still the same: you can certainly do it a few times in your life, but it is not sustainable.
Ok, then we simply don’t agree.
Risk management is a parameter that he decides to set. He can decide to reduce it with more money or not.
I was replying to a simple question: is it luck or it can be sustainable? You know my answer. If anyone has a different opinion, welcome, I have nothing to add
I also just realize that you are even mentioning another thread.
Sorry but I don’t read everything here.
I made a little joke, nothing personal, I hope you can appreciate a bit of sarcasm
Hi @GetKnowTrading, yes it can be done, just have to think about what you are doing…
As most pairs are ranging 60 - 70% of the time… I traded that system in a ranging market, like most of my strategies these days… as soon as a trend starts to develop (ie: price breaks out of a set channel) I’m out with a close all… the edge is to ensure that profit increases at a faster rate than DD… by using the chaos of price action against itself… pretty simple to achieve… ie: the GBPAUD over the past 77 hours…
57 days of journaling that was wasted on most on this site, unfortunately… hence I limit my time here.
Hi,
Not trying to sell anything…
Can you send the fxblue link of one of your account? Didnt find it…
Dont know much about dawinex, can you explain how does it work?
3000% in three months in a 30$ account= 900$
With such a small acount I could risk very little in order to win something actualy big.
Don’t mind losing 30$, When the account started to get big 500+ it changed.
So it’s diferrent trading 30$ to 3000$. I dont know with I’d have the guts to do same thing with a bigger account.
I’ve read it, that why I started this thread. I’m a begginer trying to learn all I can.
Trading with such a small acount was only to test strategies, and it turned well.
The diference is that in the begging I my risk management was The whole 30$, I had to calculate my losses to this max. As the account grew, i had more “space” to open more positions. By the time it was 300+ I change the lot size to 0.05.
The problem people think if some thing seems hard for them, it’s noy possible…
I had some luck days with trump bombing people, XAU/USD Skyrocket.
Also in the brexit.
See, you had 1300$ for you to withdraw, but in your head, You only had 100$ to lose , bcuz that how much you started.
Have you heard of someone that started with 10k and turned it into 300k?
It’s so much harder with big amounts.
But think,
if you have a 10k account, 30$ is not even 1%(~0.33%).
With that you could’ve gain 900$.
That’s 9% over three months, So nothing so rare…
Agree?
Then I’m sorry, but I don’t understand the meaning of this thread.
You want to know if someone passed from $30 to $900?
Yes, of course. I have a friend who passed from $10 to $50,000 with a scratch card.
It can be done and it has been done in the past.
If your intent is to gamble with $30, you will lose many times and there will be a few times in which you can hit the jackpot and turn $30 into $900, just like lottery.
If your intent is to be consistent because you want to be a trader, then forget about +2900% in 3 months. It has nothing to do with consistency.
I was just being sarcastic with my joke, sorry to see you didn’t appreciate it
Darwinex is a broker in which your results are public. People can decide to invest in your strategy or just check results completely for free, you don’t even have to create an account with them.
Anyway, I gave you my answer several times. You can decide to offend me or you can decide to go on and make another 2900% in the next 3 months, so you can get your $900 to $27,000 and then to nearly $1 million in 6 months.
I certainly have nothing to gain from it, I only thought you were looking for a genuine advice and not for people encouraging your foolish view of trading/gambling.
Results will prove what is the reality of things. They always do.
You have answered your own question. Instead of $30, start with $500. See if you can do the same thing. Like you said, psychology will kick in, and it’s a different game, as you’ve said.
I appreciate your honesty and transparency bro. Very good performance.
My account is also public. I checked your profile and my question is, did you not trade this March?