I have messed around too long trading forex and have decided it is time
to get serious. I?m planning on taking a small account and adding a zero to
it in the next year using ideas put forward by MO.
Main idea being- Large account increases on low/no risk is how you get
the job done
I can usually make a few percent a week scalping if I am willing to sit long
hours at the screen but I don?t really enjoy doing that and eventually I get
bored/undisciplined and give it back. So I will grind it out to get a little
house money then begin pushing with it the following week.
All profits from scalping will be put to work at a weekly or 3 day extreme
and from there my only goal is to focus on maxing out my lot size and
catching a 100-200 pip move targeting 30-50% account increase.
I am fine with giving back my scalping profits because I shouldn?t have to hit big too often to meet my goals.
As with most plans things change and I may end up getting there another way but I WILL make this happen and it should be a fun ride
Big thanks to MO for all his time, effort, and knowledge he has put forth on this forum trying to help other succeed!
If you don't know where to start, start here! Don't be afraid to ask questions.
3 posts • Page 1 of 1
- rank: 1000+ posts
- Posts: 1755
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 502