Is what's happening in the contest even remotely possible?
forex_trader_54036
Uczestnik z Nov 19, 2011
40 postów
Mar 01, 2012 at 22:33
sim3j posted:
Even 150-200% a month is very possible with good knowledge and a good pair 😄.
No, I don't think that's very possible at all.
Uczestnik z Dec 16, 2011
297 postów
Mar 01, 2012 at 23:01
Clash posted:
sim3j posted:
Even 150-200% a month is very possible with good knowledge and a good pair 😄.
No, I don't think that's very possible at all.
it a bit defferent try to make 100 % out of 1000 $ or try to make 100 % out of 50 000 $ ...But it is possibe any way .. MORE money more risk less money less rick ..
Mar 02, 2012 at 08:41
(edytowane Mar 02, 2012 at 08:41)
DrVodka posted:
it a bit defferent try to make 100 % out of 1000 $ or try to make 100 % out of 50 000 $ ...But it is possibe any way .. MORE money more risk less money less rick ..
I do agree. A friend of mine, over 2 years ago, managed to make around 170% a month for almost a whole year (10 months, to be precise) from an intial deposit of $7.000,00, alter he made another, in total of another $5.000,00. And he said, it wasn't too risky.
Risky was, when he tried to multiply his deposit 50 times within 2 months and yes, he did not succeed that time, he still made about 2,5k %, which I still think is great.
Mar 02, 2012 at 15:10
Something that no-one mentioned to date is the effect of having all that growth has on your psyche. There was a period where I had a small account grow by 1,000% in 6 weeks. Roughly 60% of the portfolio at risk every day, but the dollar amount was so small it didn't really matter.
So of course after making 1,000%, I decided to add much more money to the account. For a while the returns were pretty good, but after having two days (luckily after reaching new equity highs), where I lost 50% of the account overnight, it pretty much wore me out. Especially since on both those days, I lost far more than my monthly salary.
Ultimately, I still managed to withdraw quite a bit from the account before I stopped trading that method, but I suspect very few people would be able to survive those type of equity swings. Also, aiming for lower risk means you lower the risk blow-up. If those to 50% losses happened on two consecutive days, I would have been down about 75% from my peak. Try handling that with a substantial account.
So of course after making 1,000%, I decided to add much more money to the account. For a while the returns were pretty good, but after having two days (luckily after reaching new equity highs), where I lost 50% of the account overnight, it pretty much wore me out. Especially since on both those days, I lost far more than my monthly salary.
Ultimately, I still managed to withdraw quite a bit from the account before I stopped trading that method, but I suspect very few people would be able to survive those type of equity swings. Also, aiming for lower risk means you lower the risk blow-up. If those to 50% losses happened on two consecutive days, I would have been down about 75% from my peak. Try handling that with a substantial account.
Mar 02, 2012 at 15:56
Now, That,s abeit of gambling with the flow of [email protected], This is akind of having a bigger pocket with a SL open to the limit of the account, just like in demo, it is possible to achieve, we have see how the markets move with good / bad news, up and down and swing around at the fibo level monthly charts, it isn't impossible to the above. Playing poker is about the same, when money is unlimited......You call :All In:
Just a thought...
Just a thought...
Mar 02, 2012 at 17:01
check this out... 6000% in 1 week, real... https://tradingarsenal.com/trading-journals/108-forex-real-account-3.html#post1696
forex_trader_33781
Uczestnik z Apr 11, 2011
202 postów
Mar 02, 2012 at 17:44
kidrock posted:
check this out... 6000% in 1 week, real... https://tradingarsenal.com/trading-journals/108-forex-real-account-3.html#post1696
Uhmmmm....that hardly qualifies as proof.....LOL
'Real,' right.....just because they said it was real 😁
Attached the image for people who don't want to register there 😉
forex_trader_43716
Uczestnik z Aug 06, 2011
345 postów
Mar 02, 2012 at 21:53
One of my early demo accounts made $80,000 overnight. Oddly, I have never been able to repeat this with my real account. In fact, I blew my first real account, and my second, and my thrid, before the MONEY MANAGEMENT message got through...capital preservation is the number one priority!
Now it's obvious. If I build my account to $500,000 and generate 5% income each month, I'm happy! Now, how to get $500,000 in my account...
Now it's obvious. If I build my account to $500,000 and generate 5% income each month, I'm happy! Now, how to get $500,000 in my account...
Mar 02, 2012 at 22:42
Well i know that it's hard to believe, but i do know the trader that post the results and i think that it's can be true, the guy who attained this results also said that with bigger account it wouldnt be possible because it would be too much stress.. here the discussion https://tradingarsenal.com/trading-journals/108-forex-real-account-3.html, of course everyone it's free to believe it or not :)
forex_trader_33781
Uczestnik z Apr 11, 2011
202 postów
Mar 02, 2012 at 22:46
(edytowane Mar 02, 2012 at 22:47)
kidrock posted:
Well i know that it's hard to believe, but i do know the trader that post the results and i think that it's can be true, the guy who attained this results also said that with bigger account it wouldnt be possible because it would be too much stress.. here the discussion https://tradingarsenal.com/trading-journals/108-forex-real-account-3.html, of course everyone it's free to believe it or not :)
Whoever posted the results should have their 'friend' who supposedly generated the results connect their account to Myfxbook and get it verified. Shouldn't be a problem if it's legit right? 😉
Mar 02, 2012 at 22:53
well i dont think that he is obliged to connect his account here :), i think that he was just showing to a trader friend what he could do by risking everything and ignoring m:m and so on, i dont think this results were meant to be pubblic :), he also said that he wouldnt do this with bigger account :), i think that for a good trader with 20+ yers of experience these results are possible :)
forex_trader_33781
Uczestnik z Apr 11, 2011
202 postów
Mar 02, 2012 at 22:59
kidrock posted:
well i dont think that he is obliged to connect his account here :), i think that he was just showing to a trader friend what he could do by risking everything and ignoring m:m and so on, i dont think this results were meant to be pubblic :), he also said that he wouldnt do this with bigger account :), i think that for a good trader with 20+ yers of experience these results are possible :)
Oh right of course, he was showing a trader friend the same thing I see every week from people who think everyone else is stupid. 😁 If he had 20+ years experience he wouldn't be risking everything and ignoring MM, only noobs or gambling addicts do that 😉
Everyone can choose to believe what they want.....but a snapshot of a line graph with numbers isn't proof. I know if I 'wanted to show a friend' then I would show him all the real trades and not just that........so I call bunk on this one 😄
Mar 02, 2012 at 23:03
Splexin posted:
kidrock posted:
well i dont think that he is obliged to connect his account here :), i think that he was just showing to a trader friend what he could do by risking everything and ignoring m:m and so on, i dont think this results were meant to be pubblic :), he also said that he wouldnt do this with bigger account :), i think that for a good trader with 20+ yers of experience these results are possible :)
Oh right of course, he was showing a trader friend the same thing I see every week from people who think everyone else is stupid. 😁 If he had 20+ years experience he wouldn't be risking everything and ignoring MM, only noobs or gambling addicts do that 😉
Everyone can choose to believe what they want.....but a snapshot of a line graph with numbers isn't proof. I know if I 'wanted to show a friend' then I would show him all the real trades and not just that........so I call bunk on this one 😄
you stole my line 😁 , let theme try make xxxx% in a week , the sharks will be happy to eat them 😇
Mar 02, 2012 at 23:13
well see it in another way, you ve achieved big results in fx market, now you have a lot of money and you re arrived, trading is become boring, you want to challenge yourself, so you take 100$ wich is nothing, and try to make the most that you can, if you blow it dont mind, if you succeed you enjoy the thrill of it :), also the trader that posted this result is quite know in harmonic trading world, he is not the last arrived ;)
Mar 03, 2012 at 11:14
on fxstreet forum someone starting to change his mind, there are many cases like this in fx market... https://tradingarsenal.com/trading-journals/108-forex-real-account-4.html#post1717
forex_trader_22707
Uczestnik z Nov 13, 2010
46 postów
Mar 07, 2012 at 06:43
tylerbose posted:
ok , let's say that you made 3000% , do you know any broker that would allow you to withdraw 30 times your deposit ? ex: 50k to 1.5M
I would say all decent ones would allow you to do that. This is not some kind of poker game site. Read the contracts of your broker. Oanda, any decent one.
