$409k Challenge | Page 14 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

$409k Challenge Part 2 137 replies

A challenge to those who say Demos suck. 35 replies

AHollis Trading Journal & $409K Challenge 9 replies

A challenge for you 10 replies

heavy Forex challenge 5 replies

Attachments: $409k Challenge
Exit Attachments

$409k Challenge

  • #261
  • Mar 12, 2020 8:21am Mar 12, 2020 8:21am
I am not brave enough to try this with real money, but someday, who knows...
14 trading days ( almost three weeks) ... two times close to blow up ... but lucky me...
M5 scalping with H4/H1/M15 trend ... mainly GBPUSD, then XAUUSD ( M1) and some USDJPY, EURUSD, CADJPY ...
Tomorrow is Friday 13, so better to show this today ...
Attached Image (click to enlarge)
Click to Enlarge Name: 14 days challange.png Size: 68 KB


No more trading this week, get some relax ... and F1 race watching ...
  • #262
  • Mar 12, 2020 8:28am Mar 12, 2020 8:28am
Quoting BlackNapkins
I am not brave enough to try this with real money, but someday, who knows... 14 trading days ( almost three weeks) ... two times close to blow up ... but lucky me... M5 scalping with H4/H1/M15 trend ... mainly GBPUSD, then XAUUSD ( M1) and some USDJPY, EURUSD, CADJPY ... Tomorrow is Friday 13, so better to show this today ... {image} No more trading this week, get some relax ... and F1 race watching ...
Why? "Fortune favours the brave" Black Napkins! Seriously your demo trading looks excellent. Why not give it a try with $50 if your broker so allows.

Come on, you only live once!

Anyway I'm retrying from Monday. Of course I'm probably missing the big moves this week
  • #263
  • Mar 12, 2020 9:04am Mar 12, 2020 9:04am
Quoting Mtinifx
{quote} Why? "Fortune favours the brave" Black Napkins! Seriously your demo trading looks excellent. Why not give it a try with $50 if your broker so allows. Come on, you only live once! Anyway I'm retrying from Monday. Of course I'm probably missing the big moves this week
Hi Mtinifx...
Telling the truth, I am surprised with this result, problem is I know well enough myself to put in risk real money. I am an old rookie but rookie …
I am not confident what I am doing, I am not disciplined enough, lot of work has to be done to gain confidence and skill … it is just a part of my project I am working on…
When will be ready? I don’t know, six months? a year, or maybe three tears from now, will see my friend.
Good Luck !
BN
  • #264
  • Mar 12, 2020 10:06am Mar 12, 2020 10:06am
And we back in business!

Well technically I'm back to 0, but its all good there's still plenty time to catch up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-12 at 12.04.10.png Size: 133 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #265
  • Mar 13, 2020 5:50am Mar 13, 2020 5:50am
In my language we say 'you do not begin with wisdom' Now you know better. Let's do it man. i expect to at the very least to have made 50k from the $50
MM
  • #266
  • Mar 13, 2020 8:40am Mar 13, 2020 8:40am
Happy Friday the 13th!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-13 at 10.39.39.png Size: 168 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #267
  • Mar 16, 2020 7:20am Mar 16, 2020 7:20am
Happy Monday, done for today!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-16 at 09.19.29.png Size: 124 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #268
  • Mar 16, 2020 7:55am Mar 16, 2020 7:55am
Congratulations. I have a big drawdown, monitoring closely.
MM
  • #269
  • Mar 17, 2020 7:02am Mar 17, 2020 7:02am
Quoting BlackNapkins
I am not brave enough to try this with real money, but someday, who knows... 14 trading days ( almost three weeks) ... two times close to blow up ... but lucky me... M5 scalping with H4/H1/M15 trend ... mainly GBPUSD, then XAUUSD ( M1) and some USDJPY, EURUSD, CADJPY ... Tomorrow is Friday 13, so better to show this today ... {image} No more trading this week, get some relax ... and F1 race watching ...
What if you withdraw those profits?? Almost $400 profit, means you could do this again 4 times for free. Maybe not a bad way to compound money..
  • #270
  • Mar 17, 2020 7:15am Mar 17, 2020 7:15am
Quoting GMD
{quote} What if you withdraw those profits?? Almost $400 profit, means you could do this again 4 times for free. Maybe not a bad way to compound money..
This is what I am going to consider as soon as I will start my game on real account ...

How about this approach?

https://www.forexfactory.com/showthr...78#post8612378
  • #271
  • Mar 17, 2020 7:32am Mar 17, 2020 7:32am
Quoting BlackNapkins
{quote} This is what I am going to consider as soon as I will start my game on real account ... How about this approach? https://www.forexfactory.com/showthr...78#post8612378
sounds like another excel sheet version vs real trading.

how about this alternative offer to that linked proposal:
if you have a credible believable chance to double your 50$ to 100$....ie to make +50% profit...
just how much simpler and lower risk it seems to use your 1000$ ( available but 950$ parking somewhere for zero interest), to make the same +50$ gain?
end of both scenarios you have +50$ in your hand, that can buy an equal amount of bus tickets or happy meals at the McD....
in the meantime probably spared yourself from the frustration of blowing up multiple accounts or the very least taking large equity swing; both a definite emotional drag. not even wanting to go into flexibility differences in sizing, for not being restricted to literally 0.01 lot, or how margin call usually not equal to 100% acct equity, etc.
sure the end of the cycle, the 5% gain=50$ doesnt sound as fancy as 100% gain=50$ when comes to bragging right....but then again, just keep in mind the happy meal phrase
there is always, always another trade!!
  • #272
  • Mar 17, 2020 7:39am Mar 17, 2020 7:39am
Quoting profitfarmer
{quote} sounds like another excel sheet version vs real trading. how about this alternative offer to that linked proposal: if you have a credible believable chance to double your 50$ to 100$....ie to make +50% profit... just how much simpler and lower risk it seems to use your 1000$ ( available but 950$ parking somewhere for zero interest), to make the same +50$ gain? end of both scenarios you have +50$ in your hand, that can buy an equal amount of bus tickets or happy meals at the McD.... in the meantime probably spared yourself from the frustration...
Very good idea... only problem is I hate McD stuff ... and don't use local transportation... any other brilliant idea my friend? Will be grateful...
  • #273
  • Mar 17, 2020 7:45am Mar 17, 2020 7:45am
selling gold is correct but for the scalpers the retracement kills.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #274
  • Mar 17, 2020 7:53am Mar 17, 2020 7:53am
Quoting BlackNapkins
{quote} Very good idea... only problem is I hate McD stuff ... and don't use local transportation... any other brilliant idea my friend? Will be grateful...
find your own incentives? hard to pull meaningful examples for a 50$ grand profit. a dozen black napkins?
( and think $, not doubling. that what convert into your incentives end of the trading day!)
if this was what you caught from the post though, i think i would read it again
there is always, always another trade!!
  • #275
  • Mar 17, 2020 8:01am Mar 17, 2020 8:01am
Well I guess I'm not as good as I though I was and trading during this time has not made it any easier.

When my analysis tells me one thing and the market does another I know its better to just sit out and wait and that's what I'm going to do for the time being. Just my luck that the year that I decided to start this challenge we have all this chaos and craziness going on dammit.

I'm not done with this challenge and I'll definitely reattempt it at some other time later on when I see things in the market normalize a bit.

Thanks for following along guys and to those that also participated, if you're still in it great, keep going!
Truth is like poetry. And most people f*cking hate poetry.
  • #276
  • Mar 17, 2020 8:04am Mar 17, 2020 8:04am
Quoting profitfarmer
{quote} find your own incentives? hard to pull meaningful examples for a 50$ grand profit. a dozen black napkins? ( and think $, not doubling. that what convert into your incentives end of the trading day!) if this was what you caught from the post though, i think i would read it again
Yeah,
will try to find out something... in case of napkins... there is lack of those here (even black ones), as all of them are imported form big Asiatic country...
GL
BN
  • #277
  • Mar 17, 2020 8:09am Mar 17, 2020 8:09am
Just to add my 2 cents worth. The most critical thing IMHO is how emotionally tied you are to your money - your account balance. The more detached one can be (without taking ridiculous risks of course) the more chance of success. How does one know if one is emotionally attached? Well, if you open a trade and you are anxiously watching it all the time and keep closing winning trades way too early then you are emotionally attached - you are allowing negative emotions to interfere with good trading practice

If $50 means nothing and you don't care a stuff if you lose it then it's a good start. On the other hand if you do have a thousand bucks to play with, it's better to have that larger account balance and still trade micro-lots. Losses are far easier to recover from if one has a larger account balance.
  • #278
  • Mar 17, 2020 9:11am Mar 17, 2020 9:11am
Quoting mrdfx
Well I guess I'm not as good as I though I was and trading during this time has not made it any easier. When my analysis tells me one thing and the market does another I know its better to just sit out and wait and that's what I'm going to do for the time being. Just my luck that the year that I decided to start this challenge we have all this chaos and craziness going on dammit. I'm not done with this challenge and I'll definitely reattempt it at some other time later on when I see things in the market normalize...
Mrdfx, dont give up, I'm still in the challenge. and we need to pull this thing together. It is possible to make it!!
MM
  • #279
  • Mar 17, 2020 9:16am Mar 17, 2020 9:16am
Quoting mrdfx
Well I guess I'm not as good as I though I was and trading during this time has not made it any easier. When my analysis tells me one thing and the market does another I know its better to just sit out and wait and that's what I'm going to do for the time being. Just my luck that the year that I decided to start this challenge we have all this chaos and craziness going on dammit. I'm not done with this challenge and I'll definitely reattempt it at some other time later on when I see things in the market normalize...
I'm one of those quietly lurking in the background rooting for you. Don't give up mate! I'm sure you'll come back stronger.
  • #280
  • Mar 17, 2020 3:57pm Mar 17, 2020 3:57pm
The forex market is really in chaos. I am staying out until all of this problem normalizes.

In the meantime, I am buying shares on my country's stock exchange.
Wellington Araujo
6 traders viewing now