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
Space Traveller :-)
Moderator: moderators
Space Traveller :-)
Last edited by laksh on Sat Feb 06, 2016 1:49 am, edited 1 time in total.
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Re: Space Traveller :-)
Wanted to update my MM Google spreadsheet downloaded as .xlsx, but Kreslik is not allowing it
Attaching it as an image.
L
Attaching it as an image.
L
Re: Space Traveller :-)
Waypoint 1 climax trades:
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
EDIT: Smaller pics
L
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
EDIT: Smaller pics
L
Last edited by laksh on Sat Feb 06, 2016 6:13 pm, edited 3 times in total.
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Re: Space Traveller :-)
laksh wrote: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!!
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: Space Traveller :-)
laksh wrote: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.
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Re: Space Traveller :-)
laksh wrote: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.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"
Re: Space Traveller :-)
prochargedmopar wrote:
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.
Re: Space Traveller :-)
MightyOne wrote:
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.
Re: Space Traveller :-)
salezyakuku wrote:laksh wrote: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.
Re: Space Traveller :-)
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.
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.
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