Space Traveller :-)

[laksh]

Greetings All.

Thought I would post my progress with my trading project to keep me disciplined with the plan.

I am using MightOne's money/risk management concepts.

Ultimate goal is to reach 1M from 5K (£3.2K).
1 Year targets: 16 way points (Bronze Medal); Adding two zeros (Silver Medal); Reaching 1M (Gold Medal).

L

[laksh]

Wanted to update my MM Google spreadsheet downloaded as .xlsx, but Kreslik is not allowing it

Attaching it as an image.

MM_SS_05022016.PNG (82.85 KiB) Viewed 7356 times

L

[laksh]

Waypoint 1 climax trades:

Jup_20160205.png (40.91 KiB) Viewed 7235 times

Last trade was more of a play trade... was in a Subway sandwich shop to get a sandwich and there was a large queue, so thought of getting the sandwich money (£4 for a 6 inch veggie patty sandwich and a coffee) from the market, hence lot size deviation from the min lot size

Jup_bal_20160205.png (15.25 KiB) Viewed 7235 times

EDIT: Smaller pics

L

[prochargedmopar]

Greetings All.

Thought I would post my progress with my trading project to keep me disciplined with the plan.

I am using MightOne's money/risk management concepts.

Ultimate goal is to reach 1M from 5K (£3.2K).
1 Year targets: 16 way points (Bronze Medal); Adding two zeros (Silver Medal); Reaching 1M (Gold Medal).

L

Awesome goal.

Be advised that posting here will not be what keeps you disciplined.

Good Luck!!

[MightyOne]

Greetings All.

Thought I would post my progress with my trading project to keep me disciplined with the plan.

I am using MightOne's money/risk management concepts.

Ultimate goal is to reach 1M from 5K (£3.2K).
1 Year targets: 16 way points (Bronze Medal); Adding two zeros (Silver Medal); Reaching 1M (Gold Medal).

L

There are a lot of people who would love to tell you what is and is not possible, don't listen to them.

A few things that will increase your speed:

1) iDouble: Always attempt to double your size shortly after a $min entry (a stop loss that is higher than the
extreme helps with this).
2) Orphaned Trades: If your stop is at the monthly+ extreme or breakout then revert to $minimum size instead of liquidating
your position. If the monthly candle happens to go 576.4 pips then you will move forward one waypoint.
Do not do this if you have failed to double your size or if this is one of your actively traded pairs.
3) Multiple Targets: If price blows through +72 P$PS then lock in the waypoint & see if you
can get to 113.6 or 159.3 P$PS (switch colors or reach the next waypoint).
4) Whatever you were planning on doing get it done today; lean heavily towards shorter term trades.
(continue to use the same size/space after the next day opens).
This is not what I have done in the past but then again I am no longer targeting 58.49% waypoints.

Every little thing that you do to potentially increase your speed will help you get those extra waypoints that you are targeting.

[salezyakuku]

Ultimate goal is to reach 1M from 5K (£3.2K).

"To achieve great things, two things are needed; a plan, and not quite enough time." - L.B.

I'm counting on success story.

[laksh]

Awesome goal.

Be advised that posting here will not be what keeps you disciplined.

Good Luck!!

Thanks prochargedmopar. It will be a great learning curve for me to receive feedback and ideas from fellow traders.

[laksh]

There are a lot of people who would love to tell you what is and is not possible, don't listen to them.

A few things that will increase your speed:

1) iDouble: Always attempt to double your size shortly after a $min entry (a stop loss that is higher than the
extreme helps with this).
2) Orphaned Trades: If your stop is at the monthly+ extreme or breakout then revert to $minimum size instead of liquidating
your position. If the monthly candle happens to go 576.4 pips then you will move forward one waypoint.
Do not do this if you have failed to double your size or if this is one of your actively traded pairs.
3) Multiple Targets: If price blows through +72 P$PS then lock in the waypoint & see if you
can get to 113.6 or 159.3 P$PS (switch colors or reach the next waypoint).
4) Whatever you were planning on doing get it done today; lean heavily towards shorter term trades.
(continue to use the same size/space after the next day opens).
This is not what I have done in the past but then again I am no longer targeting 58.49% waypoints.

Every little thing that you do to potentially increase your speed will help you get those extra waypoints that you are targeting.

Thanks MightyOne.

Orphaned trade idea is super. I will incorporate all four points in my trading plan.

[laksh]

Ultimate goal is to reach 1M from 5K (£3.2K).

"To achieve great things, two things are needed; a plan, and not quite enough time." - L.B.

I'm counting on success story.

Thanks salezyakuku. Nice quote.

[laksh]

Off the field, Americans will consume an estimated 325.5 million gallons of beer as well as 1.3 billion chicken wings.

Hmmm, mind blowing numbers about Super Bowl 50. http://bbc.in/1UTbP5R

Never seen such a coverage of SuperBowl on BBC. Will stay awake for the game and coldplay half-time show.