Who the hell are you? lol
1.8% Profit per Day Compounded over 220 Days
- Thread starter expiated
- Start date
"I am Chiun. Master of Sinanju." -- Remo Williams: The Adventure Begins. 1985 movie.
You should watch that movie....and pick up a few parallels to successful trading between the student and teacher,
You are a ficticious character in a movie? lol. What a dweeb. All full of shoulda woulda coulda. I hear your mom calling, skyler.
I don't answer to you. If you don't like this thread, you can go somewhere else or just ignore it. (Apparently you have nothing else better to do with your time.) How to best grow a trading account starting with an extremely small balance is a topic that is still of interest to me, however, even five years later. So, I'm simply going to put you on ignore, and pursue this subject until I'M satisfied—not you.
I'll keep this in mind.
This guy, expiated, will never succeed as a trader despite how many years and determination and hard work he devotes to this craft.
He is too proud, self-assured, and not objective and neutral and thin skinned, fragile and not honest with himself and maybe an ounce of delusion and arrogance and not fully open-minded and dynamic.
Success is a delicate balance of patience, open-mindedness, calmness, intelligence, neutrality.....along with gusto, determination, energy and drive and boldness,
This goes for plenty of people on this ET site, and across social media and elsewhere.
97.4% of people who attempt to successfully trade the market are failures for a reason. Just observing them it's obvious the downfalls and pitfalls and hurdles they'll face down the long, twisty, road of market riches.
He is too proud, self-assured, and not objective and neutral and thin skinned, fragile and not honest with himself and maybe an ounce of delusion and arrogance and not fully open-minded and dynamic.
Success is a delicate balance of patience, open-mindedness, calmness, intelligence, neutrality.....along with gusto, determination, energy and drive and boldness,
This goes for plenty of people on this ET site, and across social media and elsewhere.
97.4% of people who attempt to successfully trade the market are failures for a reason. Just observing them it's obvious the downfalls and pitfalls and hurdles they'll face down the long, twisty, road of market riches.
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What would you say is one of your greatest accomplishments outside of trading?
Off topic
OP is not a professional trader.
He is a professional writer.
He writes very well.
He reads Alot. In fact he worships some trading coaches like trading deities.
(see his journals).
He has 30 journals in ET.
Soon it will be 100. Then 1000.....
Best wishes to his writing career
He is a professional writer.
He writes very well.
He reads Alot. In fact he worships some trading coaches like trading deities.
(see his journals).
He has 30 journals in ET.
Soon it will be 100. Then 1000.....
Best wishes to his writing career
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Results and Conclusion:
Wednesday | September 29, 2022
I originally established this thread after being inspired by an ET contributor who planned to take a £100 OANDA account and parlay it into £5000 in a year. After he seemed to have abandoned the effort, I took up the cause, with the goal of taking a $1000 OANDA account to $5000 in a year. However, this exercise was interrupted a number of times, either because of my needing to withdraw the funds to do Christmas shopping, or primarily because every time I felt I saw how the system of trading I was using could be improved, I suspended my activity here to work on adapting and modifying the steps constituting my approach in such a manner that the likelihood of my ultimately being successful would be maximized to the nth degree, or at least to the best of my ability. As of today, it appears my efforts in this regard have (hopefully) been exhausted, hence...the following "results and conclusions."
So then, in the final analysis, I personally do not consider the traditional approach to trading Forex through such brokers as OANDA to be the most productive means of accomplishing my original goal.
Rather, I have come to regard NADEX Knock-Outs, as the "best" means for someone like me to grow a tiny Forex trading account relatively quickly. (The first mention I can find of this particular instrument was a video dated November 6, 2018 [though at that time, it was called "Touch Brackets"], so I don't think it was available when I started this thread at the end of January that same year.)
In any event, the use of knock-out contracts in the manner I have adopted requires me to forego the conventional wisdom demanded by the trading establishment if one is to be considered a professional trader. Nonetheless, I am comfortable in doing so due to the extremely high daily success rate that my system enjoys (85% to 100%), so that even though I am risking much more than 1% to 2% of my trading capital per trade, I am confident that this is, in my opinion, NOT likely to "blow up" my account.
In fact, I started with a $10,000 demo account on September 18, 2022 (NOT $100), and in just over a week and a half, have grown it to six times that amount—a 600% return on investment (ROI) in less than a month.
This was thanks to what I have coined as the "New Phase" Bias Overlap version of my system.
"New Phase" refers to the fact that, for the most part, I used a "guerrilla trading" style of execution in which I took advantage of my mobility as a small retail trader to ambush the market with hit-and-run tactics that empowered me with the ability to get in and out quickly with minor victories here and there that nonetheless added up to major overall triumphs. I aimed to generate small, fast profits while also taking on as little risk per trade as possible, given my instrument of choice.
The "bias overlap" aspect involved reliance primarily on agreement between a 10- and 20-minute baseline, a 16-minute dynamic adaptive price flow envelope, an 80-minute simple moving average envelope at 0.35% deviation, a two-hour temporal support/resistance channel, and a two-hour simple moving average envelope at 1.10% deviation.
If I took a $100 account to $600 in two weeks, I ought to then be able to go on to grow it to $5000 in less than four months, easily meeting my original goal of that amount in a year. As far as the results of trading this system in a live account is concerned, that is information I think it would not be wise for me to share in this context, so I will leave that to the imagination of anyone viewing this (final?) post.
Wednesday | September 29, 2022
I originally established this thread after being inspired by an ET contributor who planned to take a £100 OANDA account and parlay it into £5000 in a year. After he seemed to have abandoned the effort, I took up the cause, with the goal of taking a $1000 OANDA account to $5000 in a year. However, this exercise was interrupted a number of times, either because of my needing to withdraw the funds to do Christmas shopping, or primarily because every time I felt I saw how the system of trading I was using could be improved, I suspended my activity here to work on adapting and modifying the steps constituting my approach in such a manner that the likelihood of my ultimately being successful would be maximized to the nth degree, or at least to the best of my ability. As of today, it appears my efforts in this regard have (hopefully) been exhausted, hence...the following "results and conclusions."
So then, in the final analysis, I personally do not consider the traditional approach to trading Forex through such brokers as OANDA to be the most productive means of accomplishing my original goal.
Rather, I have come to regard NADEX Knock-Outs, as the "best" means for someone like me to grow a tiny Forex trading account relatively quickly. (The first mention I can find of this particular instrument was a video dated November 6, 2018 [though at that time, it was called "Touch Brackets"], so I don't think it was available when I started this thread at the end of January that same year.)
In any event, the use of knock-out contracts in the manner I have adopted requires me to forego the conventional wisdom demanded by the trading establishment if one is to be considered a professional trader. Nonetheless, I am comfortable in doing so due to the extremely high daily success rate that my system enjoys (85% to 100%), so that even though I am risking much more than 1% to 2% of my trading capital per trade, I am confident that this is, in my opinion, NOT likely to "blow up" my account.
In fact, I started with a $10,000 demo account on September 18, 2022 (NOT $100), and in just over a week and a half, have grown it to six times that amount—a 600% return on investment (ROI) in less than a month.
This was thanks to what I have coined as the "New Phase" Bias Overlap version of my system.
"New Phase" refers to the fact that, for the most part, I used a "guerrilla trading" style of execution in which I took advantage of my mobility as a small retail trader to ambush the market with hit-and-run tactics that empowered me with the ability to get in and out quickly with minor victories here and there that nonetheless added up to major overall triumphs. I aimed to generate small, fast profits while also taking on as little risk per trade as possible, given my instrument of choice.
The "bias overlap" aspect involved reliance primarily on agreement between a 10- and 20-minute baseline, a 16-minute dynamic adaptive price flow envelope, an 80-minute simple moving average envelope at 0.35% deviation, a two-hour temporal support/resistance channel, and a two-hour simple moving average envelope at 1.10% deviation.
If I took a $100 account to $600 in two weeks, I ought to then be able to go on to grow it to $5000 in less than four months, easily meeting my original goal of that amount in a year. As far as the results of trading this system in a live account is concerned, that is information I think it would not be wise for me to share in this context, so I will leave that to the imagination of anyone viewing this (final?) post.
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