1% a Month (By fxbookporter)
| Gain : | +9.87% |
| Drawdown | 0.43% |
| Pips: | 373.8 |
| Trades | 23 |
| Won: |
|
| Lost: |
|
| Type: | Real |
| Leverage: | 1:30 |
| Trading: | Manual |
1% a Month Discussion
Member Since Aug 17, 2020
123 posts
Nov 02, 2020 at 12:13
KakaForex posted:
Not agree but hope you successful
What do you mean?
Member Since Jul 23, 2020
23 posts
Nov 02, 2020 at 20:04
DoraWalletInvest posted:KakaForex posted:
Not agree but hope you successful
What do you mean?
I wondered as well but when I looked at their systems...
Member Since Jul 23, 2020
23 posts
Nov 08, 2020 at 23:48
Kept out of the markets due to the US elections, now that's over I'll be scanning for opportunities.
Member Since Jul 23, 2020
23 posts
Nov 10, 2020 at 17:43
The first full day watching the markets in November and target achieved
Month Five - November 2020 - 1% Goal Achieved
Started with £520.34
Placed two trades, 2 win's (£7.92) and 0 losses (£0.00) which resulted in a £7.92 profit (1.53%).
End of October balance £528.25
Another month of success, slowly keep building the account. If/when I get to month six with positive growth I will look to add an additional £500 to the account, the risk/reward % will remain the same.
Now the month is done, I’m going to put my feet up and read my brother’s book, Gold Rush (If you're interested https://www.amazon.co.uk/dp/B08D8NJCJ3/ref=cm_sw_r_tw_dp_NbTQFb988XA4R?_x_encoding=UTF8&psc=1).
See you in December
Month Five - November 2020 - 1% Goal Achieved
Started with £520.34
Placed two trades, 2 win's (£7.92) and 0 losses (£0.00) which resulted in a £7.92 profit (1.53%).
End of October balance £528.25
Another month of success, slowly keep building the account. If/when I get to month six with positive growth I will look to add an additional £500 to the account, the risk/reward % will remain the same.
Now the month is done, I’m going to put my feet up and read my brother’s book, Gold Rush (If you're interested https://www.amazon.co.uk/dp/B08D8NJCJ3/ref=cm_sw_r_tw_dp_NbTQFb988XA4R?_x_encoding=UTF8&psc=1).
See you in December
Member Since Jul 23, 2020
23 posts
Nov 11, 2020 at 09:10
javaboy posted:
What are you trying to do with this? its not like this will make you rich or something?
You’re correct, it won’t make me rich overnight and no strategy will. My plan is to build the account by 1% each more and every 6 months add capital to the balance. After a year of positive results I will start my own signal service/copier and add the fees generated from those to the balance. Between year two and three I will source external funding to increase my capital size further.
This is just one strategy that I’m pursuing, I will add another in the new year.
Member Since Jul 20, 2019
373 posts
Nov 11, 2020 at 10:12
javaboy posted:
What are you trying to do with this? its not like this will make you rich or something?
If you have a 100k account 1% per month would already give you a 1k per month of profit, which is a nice passive income.
patience is the key
Member Since Jul 23, 2020
23 posts
Nov 11, 2020 at 16:22
marco_mmbiz posted:javaboy posted:
What are you trying to do with this? its not like this will make you rich or something?
If you have a 100k account 1% per month would already give you a 1k per month of profit, which is a nice passive income.
Exactly and adding in compound interest means this can grow even faster.
This is just one of a handful of strategies that I used to use. The next one I'll launch in the new year is very similar but with a higher monthly target.
Member Since Jul 20, 2019
373 posts
Nov 12, 2020 at 08:41
javaboy posted:
You can generate 12% in one month and then take a leave of full year.
If you can do that just do it. It's up to you. If the trader here is okay with 1%-10% per month, than just leave him doing his own thing. It's all about risk management and consistency. I've seen a lot of traders blowing up their accounts, because 10% per month wasn't enough for them (banks/brokers always win against such greedy minds). 😉
patience is the key
Member Since Jul 23, 2020
23 posts
Nov 12, 2020 at 13:27
javaboy posted:
You can generate 12% in one month and then take a leave of full year.
I like your thinking but it's not quite as simple as that. I'd lose out on the compound interest, increase my risks beyond what I'm comfortable with, and be away from the market for a long period of time and we all know things change quickly.
Still, putting my feet up for a year sounds good, I'd finally get the decorating finished.
Member Since Jul 23, 2020
23 posts
Nov 12, 2020 at 13:37
marco_mmbiz posted:javaboy posted:
You can generate 12% in one month and then take a leave of full year.
If you can do that just do it. It's up to you. If the trader here is okay with 1%-10% per month, than just leave him doing his own thing. It's all about risk management and consistency. I've seen a lot of traders blowing up their accounts, because 10% per month wasn't enough for them (banks/brokers always win against such greedy minds). 😉
I've been out of the market for quite a while and this is my way of getting back up to speed.
Ask @marco_mmbiz says, risk management and consistency over time is key. Once I'm fully back up and running I'll be happy making 2-5% a month, rebuilding my trading capital until I can resume full time trading. There's no need to be greedy, the market will be there tomorrow, in a month, year, decades time.
Member Since Aug 17, 2020
123 posts
Nov 12, 2020 at 15:33
fxbookporter posted:DoraWalletInvest posted:KakaForex posted:
Not agree but hope you successful
What do you mean?
I wondered as well but when I looked at their systems...
Ah yes I see it now
Member Since Jul 23, 2020
23 posts
Nov 16, 2020 at 21:33
harman007 posted:fxbookporter posted:
Sure thing. I've only been trading 0.1 lots sizes
Good luck Brother going better I will track your trades from now and learn from you
Thank you, we can learn from each other
Member Since Jul 23, 2020
23 posts
Nov 20, 2020 at 12:16
This_is_Legit_AF posted:
hey - want to get rich quick - increase 40% month
i invest 100k lban
can yu?
Legit_af
Definitely going to invest with someone who’s making 40% a month when their grammar and spelling is on point!
Member Since Jul 23, 2020
23 posts
Dec 04, 2020 at 22:07
First active trading day in December
Month Six - December 2020 - 1% Goal Achieved
Started with £528.25
Placed two trades, 2 win's (£8.96) and 0 losses (£0.00) which resulted in a £8.96 profit (1.7%).
End of October balance £537.21
My broker announced a few days ago that they are closing all retail accounts at the end of December. I assume this means I will need to set up a new system on here rather than being able to link the two accounts to one system. I will keep you updated.
For those of you who were interested, my brother’s book we pretty good, less than 100 pages and easy reading, worth checking out.
Time for a whisky
Month Six - December 2020 - 1% Goal Achieved
Started with £528.25
Placed two trades, 2 win's (£8.96) and 0 losses (£0.00) which resulted in a £8.96 profit (1.7%).
End of October balance £537.21
My broker announced a few days ago that they are closing all retail accounts at the end of December. I assume this means I will need to set up a new system on here rather than being able to link the two accounts to one system. I will keep you updated.
For those of you who were interested, my brother’s book we pretty good, less than 100 pages and easy reading, worth checking out.
Time for a whisky
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