Thread: Experiment: $100 to $1,000,000 USD in 155 Steps

Originally Posted by ;

Good luck!

(After the transaction on screen. Not in it, but trusting it does make the 95. Crossing fingers)

Just out of curiosity, where is the S/L?

L.A.

Well I just believe that it will reach that level because I think that it's still on the up tendency. It has hit so I am betting it will even before going to a rally.

S/L is an insanely low 1.2536. Call alerts @ 1.2686. I will not continue with this kind of trading... but for the time being, in this triangle, I frankly do not find a 2536 coming before a 2795.... What is the odds?

Originally Posted by ;

S/L is an insanely low 1.2536

:amazed Wow!

I believe I must have misunderstood what you were doing with the leverage and all. I'd better re-read this thread I believe


L.A.

Originally Posted by ;

:Amazed Wow!

I believe I must have misunderstood what you were doing with all the leverage and all. I had better re-read this thread I believe


L.A.

haha. To be truthful L.A, I need to pump the early steps as fast as possible. My RISK level with stops is severly high right now and I will tell you.... When I lose out big time, I could only refund the account and also be at precisely the same level the second day Once I hit the thousands.... Then it's another story. No matter, however, I plan on intraday ONLY trading when my workplace is completed. We've been running what not and around everyday and decorating.

So far as Euro rallying down to the 2550 levels before it skims 2795 again, I believe it is a very fat chance. Not impossible though! But I'll play with my cards as I mentioned before, I believe we are still at the triangle. No reason for me believe that we have rallied from it.

However, for followers of this thread, I promise more security when the account has to higher appreciated steps. Wouldn't want to waste anybody's time!

Hey bud, I have a downside target of 2736ish for this and we are almost there. Maybe this will help?

FCXI, you inspire me guy!! I enjoy the challenge and this thread. All the Best!



I think I will try something similar. I enjoy the profits thought, it suits my need to exchange. I wait patiently for the moves and try to take 100 -- 200 pips profit. But by the end of the week, if I have not traded yet, I look for trades which aren't there.



Just a question thou. Are you planning to cover yourself? You upping your lot sizes since the account increase, but will you leave all the winnings from the account until it reaches your goal. Or will you cover a percentage of the winnings to yourself following each landmark? I'm just curious, cause I need a salary each month to endure.



Again, good luck with this challenge.

Originally Posted by ;

FCXI, you inspire me man!! I enjoy this thread and the challenge. All the Best!



That I think I'm going to try something similar. I enjoy the little profits thought, it suits my need to trade. I wait for the big moves and try to accept 100 -- 200 pips profit. However, by the end of the week, if I have not traded yet, then I look for transactions that normally are not there.



Only a question. How are you planning to cover yourself? You clearly upping your lot sizes as the account grow, but can you leave all the winnings from the account until it reaches your objective. Or will you cover a percentage of the winnings to yourself following each milestone? I'm just curious, cause I need a salary each month to endure.



Again, Fantastic luck with the challenge.

While I obviously cannot answer for FXCI, I believe this is an experiment to see whether he can grow this little account to 1Million from the measures he's outlined for himself.

I don't think that it is meant as an immediate source of income. If he can reach his objective although, it'll be a nice payday!

Good luck with your challenge, I'm watching with anticipation!

Katie

Originally Posted by ;

Hey bud, I've a negative goal of 2736ish for this and we are almost there. Perhaps this can help?

Hey Navy,

was only alerted of my 2795 hitting. 9 pips sold. . Step 5 completed! Looks like yours hit too

STEP 5: COMPLETED (6/01/06):
4,000 B 1.2776 - S 1.2791 - 15 pips
4,000 B 1.2786 - S 1.2795 - 9 pips
Comments: Going to start rolling the dice less. .

Profit: $9.60 (0.40/pip)
Previous account balance: $150.45
New account balance: $160.13 (gained .08 in premiums also)

Originally Posted by ;

Ipersonally, you inspire me guy!! I enjoy this thread and the challenge. All the Best!



That I Believe I'm going to attempt something similar. I enjoy the profits thought, it suits my need. I wait patiently for the huge moves and attempt to take 100 -- 200 pips profit. However, by the end of the week, if I haven't traded yet, I look.



Just a question thou. How are you planning to pay yourself? You increasing your lot sizes since the account increase, but can you leave of the winnings in the account before it reaches your goal. Or will you pay yourself a percentage of the winnings after each milestone? I am just curious, cause I want a salary each month to survive.



Again, good luck with the challenge.

rsmit,

Hey! I'm going to attempt and observe this out til 1 million. I have another Foreign Exchange account and other sources of revenue. Not to mention, if that starts working I'll probably start trying to duplie it...

Originally Posted by ;

While I obviously can't answer for FXCI, I think this is an experiment to see if he can develop this little account to 1Million from the steps he has outlined for himself.

I don't think it is meant as an immediate source of income. Although, it will be a nice payday if he can reach his objective!

Good luck with your challenge, I am watching with anticipation!

Katie

Hi Katie,

Thanks! Yes, it is going to be a wonderful payday. . I'll have to throw a major celebration if I manage to succeed. Maybe try for FXSOL to write me one of those trendy big checks such as I won the money or something?

Originally Posted by ;

Hi Katie,

Thanks! Yes, it is going to be a wonderful payday. . If I manage to be successful I'll need to throw a celebration. Try to get FXSOL to write me one of those large checks such as I won the money or something?

Honestly, I think I really don't think I could depart over $300,000 with any FX broker. Not until there is some insurance. . .know what I mean?

Just how much does it suck to get a $999,999 and the minute you make that last dollar, they pack up and close store??

Eesh. . .the thought is horrifying. . .all that operate and they go Refco.

I definitely respect the dream, but when I were hoping to pull into a mil from FX, I would be constantly taking out funds after I attained critical mass (maximum trade size of $10,000,000). . .at that point, if I only had $100,000 in FXSol but $899,999 in a savings account (or multiple rescue accounts), I wouldn't feel as horrified because my lock in would be considerably greater than my risk (which is what I actually consider the money in my account).

Good luck on this however.