You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
$1,082 into $13,940 in 15 weeks
- Thread starter Flashboy
- Start date
Quote from misctrader:
What did you trade to get 10K to 375K??? I'm very curious. I'm not saying it's not possible, but the odds are very slim.
Just wondering which market and which trends did you ride..
thnx,,
Larry Williams turned 10k into 1 million in one year in a Robbins contest. Mostly made in bonds. Caught a good, long trend, and kept trading max size.
Quote from Jayford:
Larry Williams turned 10k into 1 million in one year in a Robbins contest. Mostly made in bonds. Caught a good, long trend, and kept trading max size.
Yeah I heard him say in an interview that he broke plenty of Money Management rules in that timeframe.. but it turned out okay..
Oten..Yes I agree with accelerating the gains.. which will come when I increase size.. which hopefully I will be able to do by end of next week or a few days after..
Good luck flash. I think it can be done. Do you think that looking at P/L so much might hurt your trading? Sometimes looking at it throws me off because it adds the fear-greed factor.
Hey Private,Quote from privateisland:
Good luck flash. I think it can be done. Do you think that looking at P/L so much might hurt your trading? Sometimes looking at it throws me off because it adds the fear-greed factor.
Yes it has hurt me in the past.. I have a spreadsheet that I show a weekly profit target and carry a projected balance forward .. and when I slip behind my goal I take mediocre trades to try and catch up.. and of course they make things worse..
With this thread I'm fully aware of how that can hurt me and I'm trying to maintain my discipline.. And I'm hoping by having to post my results and answer to whoever may be reading this thread will help me maintain my discipline..
that goal I have set in the title sounds like a lot but when you break it down.. its only 1.5 pts in the ES a day.. which can easily be obtained by being very patient
Updated Trades:
Friday took a $58 Loss in the ES.. didn't copy chart to paste..
Today:
Terrible.. did not follow plan.. Turned out to be profitable but should have easily been a $150 - $200 day.
3 trades..
Net Profit = $78.50
Beg. Balance.. = $1,217.02
Friday's Loss -$58.00
Today's Gain +$78.50
New Balance $1,237.52
Got out of 1st trade prematurely.. but market showed weakness and closed down fairly strong.. so decided to take a small loss of $30..
Also took another Euro trade which I'll post in next reply
Friday took a $58 Loss in the ES.. didn't copy chart to paste..
Today:
Terrible.. did not follow plan.. Turned out to be profitable but should have easily been a $150 - $200 day.
3 trades..
Net Profit = $78.50
Beg. Balance.. = $1,217.02
Friday's Loss -$58.00
Today's Gain +$78.50
New Balance $1,237.52
Got out of 1st trade prematurely.. but market showed weakness and closed down fairly strong.. so decided to take a small loss of $30..
Also took another Euro trade which I'll post in next reply
Attachments
Today's Trades
6 trades..
Net Loss of $85.50
Prior Balance = $1,237.52 - 85.50 = $1,152.02
Bad Day..
Made a good trade early but stop was too close.. got stopped out at the high of the move.. Put me down early for the day and never really recovered.. which is why like I stated at the beginning of this thread.. I trade much better later in the afternoon
Made a trade in the Euro.. tried to get out at a profitable amount with a limit order but wasn't hit.. market took off ..
Made a trade in the Can. $ that netted $2.. not shown on charts..
6 trades..
Net Loss of $85.50
Prior Balance = $1,237.52 - 85.50 = $1,152.02
Bad Day..
Made a good trade early but stop was too close.. got stopped out at the high of the move.. Put me down early for the day and never really recovered.. which is why like I stated at the beginning of this thread.. I trade much better later in the afternoon
Made a trade in the Euro.. tried to get out at a profitable amount with a limit order but wasn't hit.. market took off ..
Made a trade in the Can. $ that netted $2.. not shown on charts..
Attachments
Euro trade for today..
Just a note:
I've fallen a little behind my profit schedule with today's loss.. One unprofitable day can wipe out an entire week of hard work and grinding..
I can get back on track.. the key is to remain focused and stick to my plan.. be patient and let the market come to me.. too many times in the past I've tried to make things happen after I've fallen behind..
Hope everyone's trading is going well..
Flash
Just a note:
I've fallen a little behind my profit schedule with today's loss.. One unprofitable day can wipe out an entire week of hard work and grinding..
I can get back on track.. the key is to remain focused and stick to my plan.. be patient and let the market come to me.. too many times in the past I've tried to make things happen after I've fallen behind..
Hope everyone's trading is going well..
Flash