Could you increase your balance by 500% within one month??

[forex777]

Originally Posted by Truville

he didn't risk 20% of his account on one trade if he had $15,000
True, if he 15K in the account. He didn't.

Beginning Balance 1,369.57


Money management and risk managent I think are personal.
Agreed.

You can do whatever you want. Nothing's in impossible.
Huh? Of course you can do whatever you want, since it's your account after all. But nothing is impossible? That's just silly. Of course some things are impossible. And some these may be possible, but inadvisable.

Look, I'm not really diasgreeing with you substantially. I just think that people should not confuse these mini trading contests with actual trading. The contestants are short-term, all-out, big risk. Comparing this King of the Mini contest to real account trading is like comapring a 100 yard dash to a marathon runner. I just question how much knowledge can be shared between the two.

HUH????

whatever.

if you can do it once, it can be replicated. doing it once means it DOABLE, friend....

nobody could run the 4 minute mile until someone RAN it. Then everyone started running it. Now, it's not considered anything to run the 4 -minute mile.

And how do you know he didn't have significantly more funds in his perconal bank account earmarked for forex. Perhaps he was taking almost no risk

Your statements are narrow minded and rediculous. I could use silly, but that wouldn;t give credence to boxed in view you espouse.

Money management is completely personal. If you know what you're doing, you could wager a much larger percentage of your account.

The big boys who have become millionaires many times over used considerable leverage to get there. Read up, friend. And I mean, between the lines. Most who are masters don't bother writing books and making money TEACHING how to trade, they are trading....

You have to grow some balls and put them on the line if you want the rewards. Or, you can be conservative like, you probably are, etc... It;s completely up to you. But don't go around telling people the mistakes they have made by increasing their accounts by over 500% in one month. Just some good advice..

The key is, to know what you're doing.

You can sit in your narrow minded box forever. That's your choice. And spew BS about money management and so on.

While silly people like you stand on soap-boxes and espouse what can't be done, the one's who know, are out there doing it.

Hats off to the Chinese Gentleman who increased his account over 500% in one month. People all over the world are doing it, but they are not wasting precious energy posting why it can't be done and having arguements back and forth on chatboards, etc....

Respond as much as you like to this post, I wont be coming back to it. I need to get trading......

Have a nice life.....

[Truville]

whatever.
Stunning refutation!

if you can do it once, it can be replicated. doing it once means it DOABLE, friend....
I never said it wasn't possible. I said it wasn't advisable. The person in this contest that made over 500% also blew the account. He had to re-fund. I'd say that proves that while possible, it isn't a good idea to risk that much.

nobody could run the 4 minute mile until someone RAN it. Then everyone started running it. Now, it's not considered anything to run the 4 -minute mile.
But no one is going to run the one minute mile. I certainly agree that we are capable or more than we generally think, but some things just are simply beyond possibility.

And how do you know he didn't have significantly more funds in his personal bank account earmarked for forex.
He very well may have. But that doesn't change the size of his account.

Perhaps he was taking almost no risk
We can look at the risk he took by inferring from his losses.

Your statements are narrow minded and ridiculous. I could use silly, but that would;t give credence to boxed in view you espouse.
Yes, because I think one shouldn't expose themselves to account-destroying risk, that makes me closed minded. Well, in my narrow view, one shouldn't trade in such a way that a half dozen losses empty your account.

Money management is completely personal. If you know what you're doing, you could wager a much larger percentage of your account.
I agreed with that, moron!

The big boys who have become millionaires many times over used considerable leverage to get there.
Considerable, yes. High enough to blow the account? Probably not.

Read up, friend. And I mean, between the lines. Most who are masters don't bother writing books and making money TEACHING how to trade, they are trading....
Why would I read up? You just stated they don't write books!

You have to grow some balls and put them on the line if you want the rewards. Or, you can be conservative like, you probably are, etc...
There is a difference between "balls" and "crazy". The size of my balls is just fine, thanks.

It;s completely up to you. But don't go around telling people the mistakes they have made by increasing their accounts by over 500% in one month. Just some good advice..
But it isn't good advice. Making 500% in a contest is an accomplishment, yes. But it isn't the sort of trading that most of us do. This guy is risking his whole account trying to win a contest. He has no consideration for staying power. Most of us do.


You can sit in your narrow minded box forever. That's your choice. And spew BS about money management and so on.
Please point out my BS. I said that most of us wouldn't and shouldn't risk as much as this person did. That's BS?

While silly people like you stand on soap-boxes and espouse what can't be done, the one's who know, are out there doing it.
It was a FLUKE! My god man, are you so totally without insight as to not see that?

Hats off to the Chinese Gentleman who increased his account over 500% in one month.
Agreed. He does it for six months and he's got something. But let's not forget that at first he lost 100% of his account. And let me just add that I doubt that outside of this trading contest, that he really trades this way. I will bet you he is much more conservative outside a contest setting.

Respond as much as you like to this post, I wont be coming back to it. I need to get trading......
Clearly that's true. If you think that one contest winner's amazing win is an example of "everyday performance", then you clearly do need to get trading.

[ironwill]

Hello. This is directed to forex777. Was wondering if you would be willing to PM me on any good advice of forex trading and maybe show me a little more than I know, which is a lot,

I have a demo at and my realized P/L is over 43K and my margin call is at 27K. Does that seem good? I opened it 4 months ago.

Hopefully will hear a little from you.

PS Please PM me if you can, thanks.

[majed]

Originally Posted by forex777

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...

forex777;
I agree with what you said, if you know what are you doing, and every think is calculated, then its O.K.

[majed]

[quote=forex777]HUH????

whatever.

if you can do it once, it can be replicated. doing it once means it DOABLE, friend....

.... Most who are masters don't bother writing books and making money TEACHING how to trade, they are trading....


The key is, to know what you're doing.

QUOTE]

forex777
I also agree that;if you can do it once, it can be replicated, this is ofcourse if you are following good trading strategy; not depending on luck.

[PTB]

When you look at the winner above (King of the mini) his account shows that he had to add $1200 to stay afloat when he got down to $49. He was able to come back and finish with a nice gain though. Same old story. Where there is a high chance of gain there is also a high chance of loss.

[jimmyking]

Winner trade as high as 50 Lots.
When you trade between 1 lot and 50 lots. you either have very good MM or ...