MoneyTec Traders Community Forum - View Single Post - Could you increase your balance by 500% within one month??

garyh · 17-04-2005, 14:53

I've done 100% and even 200% in a month, but it was dicey at times doing it, risk a 20-25% loss if you are wrong. But 500% in a WEEK. MY GOD! That's russian roulette with 5 bullets out of 6 chambers! You WILL blow the account, just depends on when.

Having said that, now I'm going to take the other side. What he did could be a decent money management technique, provided you play by a set of rules. For example those rules might be that you open the account each month with a set amount, say $500 or $1000 on a mini, then trade majorly overleveraged until either it's all gone or you reach a certain target amount or time period. Once you reach that target amount, then remove the winnings and take it back to the start amount then do it again. If you blow the account, then don't fund the account again for a certain time period, say till the end of the month. Anyway, what's the difference if you blow the account, if the amount in the account is only a percentage of your total working capital. It's the same as funding it with all your money and only trade a percentage of that. As long as there is money management to control to your loss so you can trade again the next day.

Personally, it's not a method I would recommend, because it promotes recklessness and limits your profits.

17-04-2005, 14:53	#14
garyh level 3 Join Date: Aug 2003 Posts: 297 Downloads: 1 Uploads: 0 Rep Power: 0	Re: Could you increase your balance by 500% within one month?? I've done 100% and even 200% in a month, but it was dicey at times doing it, risk a 20-25% loss if you are wrong. But 500% in a WEEK. MY GOD! That's russian roulette with 5 bullets out of 6 chambers! You WILL blow the account, just depends on when. Having said that, now I'm going to take the other side. What he did could be a decent money management technique, provided you play by a set of rules. For example those rules might be that you open the account each month with a set amount, say $500 or $1000 on a mini, then trade majorly overleveraged until either it's all gone or you reach a certain target amount or time period. Once you reach that target amount, then remove the winnings and take it back to the start amount then do it again. If you blow the account, then don't fund the account again for a certain time period, say till the end of the month. Anyway, what's the difference if you blow the account, if the amount in the account is only a percentage of your total working capital. It's the same as funding it with all your money and only trade a percentage of that. As long as there is money management to control to your loss so you can trade again the next day. Personally, it's not a method I would recommend, because it promotes recklessness and limits your profits.