Tradingjournals Quest... Turn $100 To $100K or To Ash

[tradingjournals]

Quote from shortie:

if my calc are correct 10% volatility ~ 0.1% hourly volatility. if one catches each 0.1% turn, bets the whole bankroll each time using full leverage he will get to $100K in about 4,000 hours or ~ half a year.

if one catches only one 0.1% turn out of 10 hours - 5 years. i don't even know how realistic it is to catch 1/10 hourly turns.

The hourly volty seems to be about right, but I think it should be about 0.12% (somewhere between 0.1% and 0.15%). During the last 48 hours, I produced 260 pips, at an average rate of 5 pips per hour. The pair moved at an average rate of 2 pips of hour. (mental calcs).

I did a mental similar calculation earlier today. Assuming one can get two standard deviations each year (one trade per year-buy bottom and sell top of year), with a leverage of 20, each year account will quintuple. So above year for 1000 multiple.

 

[tradingjournals]

I went short at 1.4425.

 

[shortie]

i assumed 365 trading days so the hourly was off. i thought forex is 24/7. but maybe nothing usually happens on Sat and Sun so those days are ignore while calculating volatility.

 

[tradingjournals]

Quote from tradingjournals:

I went short at 1.4425.

e/u at 1.4410. closed with +15 pips gain.

Cumulative gains: 275pips.
Cumulative losses: zero
Number of trades:9
Number of trades with gain:9
Number of trades with loss: 0

 

[tradingjournals]

Quote from mindtrade:

Pretty nice start.

thanks! But I have to keep it.

 

[forsalenyc]

I wouldn't be surprised if you posted your first losing trade(s) of -200pips or more...........will you reload if your account gets wiped out?

 

[tradingjournals]

Quote from forsalenyc:

I wouldn't be surprised if you posted your first losing trade(s) of -200pips or more...........will you reload if your account gets wiped out?

Would you get your azz out of here if I continue to post?

 

[forsalenyc]

Quote from tradingjournals:

Would you get your azz out of here if I continue to post?

LOL you sound like you already had one of those account blowing losses handed to you, which of course you forgot to post deliberately. next time you decide to make a public thread, be ready to take some heat. My answer is no.

 

[Lucrum]

Quote from tradingjournals:
Made a trade earlier today. Shorted E/U when it was around 1.4330.

I guess we'll just have to take your word for it.

I am now considering the long side.

...I am taking my profits on long. +100pips.

Gosh if this is all there is to a journal, and all the attention that comes with it, I may start my own. I mean apparently all one has to do is claim he made a trade and profit after the fact and you're set.

I do have a question, will you be deleting trade entry posts after the market moves against you like you did recently in the FX forum?

And before you start crying, remember you said here:

Inputs and questions are generally not welcome, except from the real experienced traders...

 

[LeeD]

Quote from Lucrum:

Gosh if this is all there is to a journal, and all the attention that comes with it, I may start my own. I mean apparently all one has to do is claim he made a trade and profit after the fact and you're set.

I do have a question, will you be deleting trade entry posts after the market moves against you like you did recently in the FX forum?

One has to post a few losing trades in order to keep suspense going.