Adding a zero to my account
Posted: Mon Oct 21, 2013 9:32 pm
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 that MO teaches.
Main idea being- Large account increases on low/no risk is how you get
the job done.
Most weeks I can make a few percent scalping if I am willing to sit long
hours at the screen but I don't enjoy doing this and eventually I get
bored/undisciplined and give it back. I will grind it out to get my hands on
house money and whatever I'm up at the end of the week I will 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 the only goal is to max out my lot size and try to catch 100-200 pips for a 30-50% account increase. If I lose my scalping profits I am fine with that 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 doing things different then originally planned 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 here trying to help others succeed!
to get serious. I'm planning on taking a small account and adding a zero to
it in the next year using ideas that MO teaches.
Main idea being- Large account increases on low/no risk is how you get
the job done.
Most weeks I can make a few percent scalping if I am willing to sit long
hours at the screen but I don't enjoy doing this and eventually I get
bored/undisciplined and give it back. I will grind it out to get my hands on
house money and whatever I'm up at the end of the week I will 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 the only goal is to max out my lot size and try to catch 100-200 pips for a 30-50% account increase. If I lose my scalping profits I am fine with that 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 doing things different then originally planned 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 here trying to help others succeed!