Watch Me Trade....100 Bucks to 100 Grand!

[billbob]

Update as of January 22, 2010:

Return is now above 40% for this month. Two days ago it was above 30%. Good progress over the last two days!

In my last post, I indicated that I welcome questions---Surprised that no one so far took advantage of the opportunity.

 

[DGunz]

screenshot of your p/l and all your critics will disappear. ..not like 40 bucks in that impressive anyway. lol

 

[gottatrade]

He said he was only funding $10, not $100. So he has a $3 gain. How do you handle the fear and greed?

 

[Corelio]

Quote from billbob:

In this Journal, I will report on my quest to turn $100 to $100K. I will start by trading this little money in the forex market, because it is the only market I know where one can trade with such low sum and yet apply trading principles. Once the balance is high enough, parts of funds would be directed in other markets (stocks and options).

First possible surprise: I will start trading with $10 instead of the whole $100 for a number of reasons---some of which I can share, some of which I would share, and some of which I cannot share.
I just moved the $10 to a forex account few moments ago. Balance at 9:00PM on November 23, 2009 is $10.

I would not be able to follow all pairs, so if you see a pair moving, or if you think it is about to move, post it here to help me not miss consider it for trading.

My visual goal is to raid the accounts of other traders!

That quote
"An idiot is born every minute" is actually true.

 

[swiftsails]

#1 Unless you are always profitable I cannot see how you can trade forex. It would be so easy to get wiped out with such little capital.

#2 Post some p/l screenshots

#3 For everyone commenting on the dollar value...yeah it might be $3 but 30% is 30%.

 

[MohdSalleh]

looking forward to it

 

[spd]

Looks like burritos are on you this weekend high rolla.

 

[KINGOFSHORTS]

I do not play with those forex bucketshops. But you can actually fund with 100 bucks and trade leveraged? with these forex shops?

 

[swiftsails]

Quote from KINGOFSHORTS:

I do not play with those forex bucketshops. But you can actually fund with 100 bucks and trade leveraged? with these forex shops?

Yes...leveraged to hell too.

 

[KINGOFSHORTS]

Quote from swiftsails:

Yes...leveraged to hell too.

Thats messed up. I heard you are pretty much trading against the broker which make the bid offers and would short your long position,trigger stops etc.. Makes sense those 100-400 to 1 leverage shops. Some even take Paypal,Visa etc..

Thats fucked up. I randomly picked a forex broker. Some place called eToro.

Anyhow Forex is dumb. Unless you have direct access to the interbank market no one should get into forex. More fun in a casino and drinks are free.

Nice, like playing a game of risk.