Good Trading Results 700% in 3 weeks BUT what should i do next?

goodboyfx posted:

togr posted:

forexverified posted:

goodboyfx posted:

forexverified posted:
Which EA are you using?

goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?

I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?

Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.

EA? none. All is done manually.

We're talking about your pap system, right? https://www.myfxbook.com/members/goodboyfx/pap/1504371

There is no point in evaluating system younger than 1 month.

I smile at your comment, but ya i agree 1 month is small then again Quality vs. Quantity. Thanks :)

goodboyfx posted:
hibi, thanks for your advice. Nope thats not how i trade, i trade in the 'moment' meaning the current condition of the market which changes hour to hour, that's my main edge. Market is all about stop hunting and i know from price action if a move is 'REAL' or fake move. I monitor multiple asset classes that effect the flow of currency market and when i see their sentiment change i adapt and begin to get involve in market and no i don't trade .05 lots. To be honest, i don't like discussing my strategy. I just wish people stick to the topic of thread instead of polluting threads with different things & 'agendas' its rude & disrupts the flow of discussion.

Imagine when 2 people are talking about apples and third person just comes in and begins to talk about and asks 'how much money do you make, what's your salary, whats your secret to success' while 2 people having something total different discussion. How does that make the 2 people feel about the 3rd person? think about it.

Regards to customer analysis, sure look at customer analysis again and see 'WHEN' did i have big losses? that's right the first week of trading when i deposit/start my account with $1K i got hit in a huge DD, realized market volatility and realized i needed to inject more capital to manage risk. So i injected 3K more. so this 87% DD applies only to 1K account. It's how MT4/ myfxbook counts DD. Even if a trader make million dollar with 10%DD for remaining years, it will continue to show 87% from 1K balance ALL your life which isn't fair, i believe. That's why i customized date to give true reflection of performance. The 2 days analysis gave me an assesment that this market needs more capital to sustain long-term. I went in with just the right amount and rest is clear to the world.

Thanks for your advice & concern, i'm sure you meant well.

togr posted:

goodboyfx posted:
Hi guys, over the past 3 weeks, i turned my live account to staggering 700% and balance is running into 30K+ i started with 4000. All this was achieved while me working a 9-5 dayjob (a decent job). I want to ask advice from professional traders, who have had success? what shouild i be doing NEXT? i have over 7 years experience it took time to be where i am. BUT now the question is what should i be doing next?

I have passions for FX markets. I feel i should be working for hedge funds, making myself n others big buck. Can anyone of you successful traders, share your experience? what road did you take? how was the experience, was it worth it leaving your career? to this industry where performance is everything. If you mess up a month or two, do they let you go?

Disclaimer: this is NOT as an advertisement. I am just seeking some advice after becoming successful @ trading. Thanks.

Its martingale with very high DD and it is very fresh. It wont take long to get it wiped

HalleyFX posted:
I'm happy to see this guy made that kind of profit in such an extreme short period of time.

My honest to truth advice;
I see your profit is $41.865. I advice like withdrawing like 31k as soon as possible from it.

Open a new account: Keep in 1 account like 5k and another 5k.
Trade 1 account, of 5k manually with normal R/R.
And the other 5k with the risky strategy by repeating the same thing your doing right now.

That way; if one day you get wiped out; you remain with some very good returns on your investment. And perhaps IF lucky, you might repeat it like 2 a 3 times, before get wiped out.

Thank me later, for this advice!

chiecghethunam posted:
I can make a safe bet that trade2good and goodboyfx are the same person. And soon enough, trade2good will blow his account as well.

aeronthomas posted:
I hope he can recover as his equity continues to drop now at 17%, but it's showing drawdown at 4% Weird. Unless the DD figure is 1 day delayed? If equity is at 17% wouldn't drawdown be 83%?

goodboyfx posted:
had some family issue cause me to lose track of market. It put a lil dent in the account but sure its ok I recovered a decent chunk. I am alive and ready for war. I am going to withdraw as others advised and start small 15K-20K and tone down the aggressive trade. Hehe 1200% a month is a bit too aggressive. I'll aim for more like 300% a month which is fine w/ me. email me if you wanna join the battle.