How I grew $187.91 to $1M in 5 years

F

fxturtle

This is just a dream, but everything starts from a dream.

The $187.91 is original amount deposited, but I add funds intended for smoking that I did not use during the month. I added $135.16 on February 1, 2014.

Lovers and haters are welcome, just maintain civility.

Trading style is based on:

Indicators
Price action
Support & Resistance

Risk management:

Never lose more than 50% of each month's beginning capital. This will decrease in time as the equity grows.

Let my winners run and cut my loses short.

I will update this thread every end of the week.

Performance verified by Myfxbook

http://www.myfxbook.com/members/fxturtle101/quick-turtle/755115

Note. Myfxbook middle table not showing correct numbers for February, look at the bottom graph.

Cheers,
FxTurtle
 
hi fxturtle,
i saw that over 1200 trades have been done since september; do u use an automated system, or are those trades discretionary/you doing them at your computer?
Good Luck! bry
 
I wonder if the trader has :
1) managed to kick a smoking addiction! :). VERY well done
2) using the money he was "burning in smoke" ( :D) to add to his trading account. VERY well done
3) is showing a very consistent pattern of trading. VERY well done
4) has the guts to put his live trading with a third party who can be trsuted - myfxbook.. VERY well done

Me for sure I have bookmarked his fxbook, as well as this thread. :)
 
February performance update:

The month of February ended with a modest gain, but well below my target. The first two weeks saw gain over +600 pips only to be erased during the last two weeks and reduced it to only +300 pips at the end of February.

Total deposit from my own money deposited in this trading account is $443.34. The additional deposits of $135.16 and $125 are my savings from smoking and coffee from the previous month.

Plan for the month of March starting March 9th:

Pairs to trade:
GBPJPY
GBPAUD
EURAUD

Risk per trade:
Max of 2%, but a minimum of 2 micro lots

Cheers,
Fxturtle
 
fxturtle said:
This is just a dream, but everything starts from a dream.

The $187.91 is original amount deposited, but I add funds intended for smoking that I did not use during the month. I added $135.16 on February 1, 2014.

Lovers and haters are welcome, just maintain civility.

Trading style is based on:

Indicators
Price action
Support & Resistance

Risk management:

Never lose more than 50% of each month's beginning capital. This will decrease in time as the equity grows.

Let my winners run and cut my loses short.

I will update this thread every end of the week.

Performance verified by Myfxbook

http://www.myfxbook.com/members/fxturtle101/quick-turtle/755115

Note. Myfxbook middle table not showing correct numbers for February, look at the bottom graph.

Cheers,
FxTurtle
More...

Catchy title but this post is nothing more than a clever infomercial for Myfxbook.

Let me show you how to turn a mere $187.91 (no, not $200.00 but $187.91 exactly, I insist) into a million bucks in 5 years.

Oh, wait, did I tell you that I would inherit exactly $999,812.09 in exactly 5 years ? :p
 
xelite777 said:
Catchy title but this post is nothing more than a clever infomercial for Myfxbook.

Let me show you how to turn a mere $187.91 (no, not $200.00 but $187.91 exactly, I insist) into a million bucks in 5 years.

Oh, wait, did I tell you that I would inherit exactly $999,812.09 in exactly 5 years ? :p
More...

His account is now above 600$, so you need to adjust the inheritance size!

So actually this person has managed to:
1) kick smoking addiction
2) kicked drinking addiction
3) trading money he can afford to lose
4) has live live statements
Now the account should be above 600$.
And compounding has not yet kicked in.

Just a comment looking to the equity curve : you might want to take 2 or 3 months trading live break till you work out why you reached a ceiling.:)
 
The account ended negative for the month of March, but the loss is very minimal. The last 3 trading days of the month won over +300 pips that recovered most of the loses from the previous days.

Cheers,
FxTurtle
 
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