10 - 20% Daily - $2,200 starting balance - LOG
November 18, 2010
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The methods and knowledge I have gained at this forum from TRO, MightyOne, dragon33, and es/pip have lead me to be profitable. Thank you for sharing your very helpful charts and ideas!!!
I have put in a healthy 5 figures into my Forex "tuition" which I have now finally started to recover in recent months. However, I believe if I started a thread that had a continuous record of my goals, I would boost my success by leaps and bounds.
Because I am an avid poker player and used to be a heavy gambler, occasionally I run across a day that I by mistake let the gambler side of me take a trade which inevitably leads me to be a boom-and-semi-bust trader. I've quit gambling for a while now so I can fully sharpen my trading skills, and I believe having a thread will in a sense force me to place trades by my rules, not random trades just to get action.
I only have a few simple rules that need to be posted...the rest is in my head.
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1) Achieve 10-20% daily utilizing MAX leverage (50:1) on each trade.
-Once I hit 20%, DO NOT let account balance fall below 10% profit. I can continue trading as opportunities come in.
-Keep 20% daily profit in account. Excess $$$ can be withdrawn for bills and FUN.
2) MAX DISASTER S/L of 20 pips. If entry forces a bigger S/L, DO NOT TAKE IT. Wait for a better price.
-Stop trading for the day if you have 3 consecutive STOP OUTS.
3) TRADE WITH MOMENTUM.
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Every trade I place I will post. After I exit the trade, I will post an updated chart along with total pips and % GAIN/LOSS due to the trade. At the end of the trading day (12:00am CST), I will post a screen shot of my account to keep track of my balance. I use OANDA to place trades and MT4 for charting and signals.
Ultimately, I want a six figure account. Then, I have a plan to make 7 figures every year...who needs 6?
I'm about to make this s**t happen.
FILTHY RICH FOR DIRT CHEAP!!!
Filthy Rich for Dirt Cheap - Ajaymein
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Filthy Rich for Dirt Cheap - Ajaymein
Last edited by ajaymein on Fri Nov 19, 2010 3:15 am, edited 3 times in total.
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ajaymein wrote:es/pip wrote:nice
not going to say good luck because i have seen your charts that you have posted.
so i will just say
go knock the balls off of it
It's time to see just how stupid this jungle can get
it can get pretty silly at times
Bend over and assume the position for another 4 years of hope and change.
this is a winning attitude----- i like it i like it
you have to trade like you walk into a bar.
when i walk in a bar everyone knows i just walked into it. They know this because i walk in like i own the f"n place, not in an *censored - swear word* way but in a confident way.
think big make big money
think small or think failure then you will be small and fail
kill or be killed
you have to trade like you walk into a bar.
when i walk in a bar everyone knows i just walked into it. They know this because i walk in like i own the f"n place, not in an *censored - swear word* way but in a confident way.
think big make big money
think small or think failure then you will be small and fail
kill or be killed
Bend over and assume the position for another 4 years of hope and change.
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I lied. Currently in this trade. May exit early.
EDIT: Closed trade at -0.1 pips. Had a potential 8 pips and reversed to miss my SL by a few pips.
EDIT: Closed trade at -0.1 pips. Had a potential 8 pips and reversed to miss my SL by a few pips.
Last edited by ajaymein on Fri Nov 19, 2010 1:19 am, edited 1 time in total.
- pablo101
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Re: Filthy Rich for Dirt Cheap - Ajaymein
ajaymein wrote:I'm about to make this s**t happen.
Great attitude!
ajay, what times do you trade and how long?
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