How did you grow your account into a big one?

BTW deaddog, do you monitor a basket of stocks for your trades, or do you scan everything that meets certain criteria?

I rely heavily on calculated metrics for trade management, so I use a basket of symbols/instruments spread across asset classes. Currently built it up to 50+, I'll be adding to that as time goes on, though I doubt it would go beyond 100.
 
Quote from Peter brandley:

I think this is depend on every traders abilities . because one professional trader can really make fast money with forex and one new cant make weekly money from forex .

So just people need know more about forex for earn .:D
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Ok! why didn't you say so sooner?
 
Quote from Peter brandley:

I think this is depend on every traders abilities . because one professional trader can really make fast money with forex and one new cant make weekly money from forex .

So just people need know more about forex for earn .:D
More...
So just people need know more about forex for earn
 
Quote from oldtime:

the problem is, too many unjust people
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They have to become just then learn about forex then they will earn.I think that's what he is getting at. Wonder if he is looking to mentor?
 
Quote from justrading:

BTW deaddog, do you monitor a basket of stocks for your trades, or do you scan everything that meets certain criteria?

I rely heavily on calculated metrics for trade management, so I use a basket of symbols/instruments spread across asset classes. Currently built it up to 50+, I'll be adding to that as time goes on, though I doubt it would go beyond 100.
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I'm a long side trader for the most part. (Canadian tax laws tax short sales as income)I play the short side with inverse ETFs. I'm not concerned about asset classes.

I scan for stocks with certain price and volume criteria that are in an uptrend. I also scan for stocks, that meet certain fundamental criteria. I combine those scans (About 400) and then look for set-ups. On a good day I might find 10 on a poor day 0 to 2.
 
How did you grow your account into a big one?
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most people start with a VERY big acount. then it can grow into a "big" account.

about that time, you should retire.
 
I began with 300 bucks in 1957. I met a person with initials RM who was position trading.

RM loaned me the 4th ed of Magee. I looked and learned for 20 days.

The next 20 days I used the 300 dollars to trade in parallel with RM.

This odd lot trading had some penalties in terms of costs.

So I contributed half my net salary every two weeks (135 bucks).

the first stage I went through was odd lots to round lots all position trading.

RM and I took half the potential profit per turn. We sorted stocks into a Universe whose moves were 20% or more in 6 to 8 days. Plus some other fundamentals. The WSJ last page was saved and clamped together quarter by quarter.

It took 7 position trades to double our money. We compounded and added from salary. 20 % divided in half is 10%. If you use 1.1 in the compound formula and raise it to the 7th power, you get 2 as an answer. 2 means your intial capital is doubled.

I took out the capital I put in when I doubled. So I started over with an amount of capital that was 300 plus half my salary put in while doing the first doubling.

Today getting a stock universe is a click of a mouse. But this disadvantage is explained in this thread.

I found that the second "stage" occurred when I compared my slaray to my costs. They were equal. At this time I could afford toys and travel. So would take out lumps of money for such.

I Kopenhagen I took delivery on a 190SL MB in 1960.

recap:

stage 1 going from odd lots to round lots. this took a couple of quarters in 1957.

stage 2 salary + or < costs. also I can buy toys and travel. This commenced in 1960.
 
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