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

forex777 · 17-04-2005, 15:23

the 500%+ trader added to his winning positions.

It can be done. The fact of the matter is, he didn't risk 20% of his account on one trade if he had $15,000 in the bank available and earmarked for his forex account.

If you know what you're doing, fine. Money management and risk managent I think are personal. Dependent on how confident you are in what the keys you;re clicking.

You can do whatever you want. Nothing's in impossible. If you have enough in your account to avoid margin calls and YOU REALLY KNOW WHAT YOU ARE DOING, who gives a shit what anyone thinks about money management, IF YOU REALLY KNOW WHAT YOU"RE DOING.

Most of the big boys made their money with what would be considered crazy money management. To them it wasn't because they took calculated risks based on CONFIDENCE. That's now to say, anyone else should do this until they, again, REALLY KNOW WHAT THE THEY ARE DOING AND HAVE THE BALLS TO DO IT.

Many have blown out their accounts based on these principles as you all very well know.

Knowing what you're doing is the key to it all, as it is to everything we undertake in life, I think...

17-04-2005, 15:23	#15
forex777 level 3 Join Date: Jul 2004 Posts: 210 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Could you increase your balance by 500% within one month?? the 500%+ trader added to his winning positions. It can be done. The fact of the matter is, he didn't risk 20% of his account on one trade if he had $15,000 in the bank available and earmarked for his forex account. If you know what you're doing, fine. Money management and risk managent I think are personal. Dependent on how confident you are in what the keys you;re clicking. You can do whatever you want. Nothing's in impossible. If you have enough in your account to avoid margin calls and YOU REALLY KNOW WHAT YOU ARE DOING, who gives a shit what anyone thinks about money management, IF YOU REALLY KNOW WHAT YOU"RE DOING. Most of the big boys made their money with what would be considered crazy money management. To them it wasn't because they took calculated risks based on CONFIDENCE. That's now to say, anyone else should do this until they, again, REALLY KNOW WHAT THE THEY ARE DOING AND HAVE THE BALLS TO DO IT. Many have blown out their accounts based on these principles as you all very well know. Knowing what you're doing is the key to it all, as it is to everything we undertake in life, I think...