Author Topic: Made it! My journey to 100% profit (not a scam or advert)...  (Read 541 times)

eddieb

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #45 on: July 29, 2020, 09:29:24 AM »
you could withdraw your original "own funds"
Hello.

Thats exactly what I did when I first started live trading, and its a good job I did as I now realise that I hadnt got a clue what I was doing and only doubled my investment by beginners luck (in one month, which now seems totally mental)

So pleased that you are doing well @PipMeHappy , we have both moved on a lot from the 'Balls Of steel' days. I would imagine the pressure of dealing with someone elses funds is a couple of notches higher than using your own money.

Namaste
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #46 on: July 29, 2020, 02:15:31 PM »
you could withdraw your original "own funds"
Hello.

Thats exactly what I did when I first started live trading, and its a good job I did as I now realise that I hadnt got a clue what I was doing and only doubled my investment by beginners luck (in one month, which now seems totally mental)

So pleased that you are doing well @PipMeHappy , we have both moved on a lot from the 'Balls Of steel' days. I would imagine the pressure of dealing with someone elses funds is a couple of notches higher than using your own money.

Namaste

Indeed!

Actually, no, my mother said it was a risk-free sum and it did not matter what happened, just to do my best. She has been following my progress since she got me into trading in 2012, and after recent results we agreed to try live money.

This meant: no stress or pressure.

I tend to go for a 25:1 leverage and small targets, so nothing unmanageable.

Happy days!

PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #47 on: July 30, 2020, 08:21:15 PM »
Hello everyone!

Well, my live account is now at +93.38% (started in May 2020)

and my demo (started in July 2019) is at +157.72%...

Pretty chuffed
PipMe

Kim

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #48 on: July 30, 2020, 09:53:01 PM »
No wonder your happy.

Kaitsu

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #49 on: July 31, 2020, 07:41:18 AM »
If a currency
     went flat for six months then I would worry, but I can sit on my hands for a month or two
Now that sounds sensible and straightforward - but is it as easy as it sounds? :)

It is easy to show a flat period in retrospect but it is not so easy for a trend-based trader to detect a flat period in advance - and may often only become aware of it once the whipsaws have appeared and eaten into the earlier gains!!

Similarly, the usual technical approaches used to identify a trend underway often only kick in once the trend has already existed for a while.

It is a real challenge to be able to benefit from the best chunk of a major trend  - and then avoid giving it back during the oscillations of a range.

But that is the core of long term consistency, I guess? A system for all seasons :)

eddieb

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #50 on: July 31, 2020, 08:18:45 AM »
I can sit on my hands for a month or two
Morning Francesco.

Following on from @Kaitsu point, do you have a 'rule' as regards to when you call it quits, or is it something you would do off-the-cuff?
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #51 on: July 31, 2020, 08:50:26 AM »
Good morning @Kaitsu  and @eddieb !

To answer your points:

1) recognising a change in a currency pair's behaviour is tricky
     (as Kaitsu said) because it does not happen overnight and
     you may get start getting caught in false starts/stops as a
     pair tries to move from ranging to trending or vice versa: in
      June I had a few of those bad days when EUR/USD was not
      as easy to read as in the Feb-May period, but what matters
      is that I eventually settled losses, waited a while, and then
     started trend-trading again once the pair got out of its range;

2) I have the discipine of managing risks but without having huge
     systems as I only manage one position at a time; were I to
     manage an investment portfolio I would need a system and
     also do quant analysis to come up with automated risk
     management system that took in the global risk from all
     open positions each day, hour, and minute. When it comes to
    discretionary trading as I do it, I have certain rules, e.g. not to
    keep trading if I take a couple of trades that end up in losses
    and I see some choppy conditions... To your point, Eddie, no
    I do not have a rule or use indicators to tell me when or when
    not to trade, or whether there is a ranging or trending context,
    though from my videos you know that I look at futures volume
    and COT or options open interest to check on general direction
    of Euro movements ...

Hope this answers your points :))


PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #52 on: July 31, 2020, 10:02:48 AM »
Update.

Mission accomplished!

I have just doubled the live account, it is done!

I sold EUR/USD from 1.19 down to about 1.1855...

I will now send the whole lot to my parents...

The next move will be raising capital for a second round of trading.

Happy trading
Stay safe
PipMe

BWS

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #53 on: July 31, 2020, 10:39:32 AM »
Update.

Mission accomplished!

I have just doubled the live account, it is done!

I sold EUR/USD from 1.19 down to about 1.1855...

I will now send the whole lot to my parents...

The next move will be raising capital for a second round of trading.

Happy trading
Stay safe
PipMe

Exceptionally well done.

I think you have earned yourself a nice glass of wine
"I wouldn't say I'm the best manager in the business, but I'm probably in the top 1" - Brian Clough

PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #54 on: July 31, 2020, 11:09:22 AM »
Update.

Mission accomplished!

I have just doubled the live account, it is done!

I sold EUR/USD from 1.19 down to about 1.1855...

I will now send the whole lot to my parents...

The next move will be raising capital for a second round of trading.

Happy trading
Stay safe
PipMe

Exceptionally well done.

I think you have earned yourself a nice glass of wine

Thanks @BWS ! That should be easy as I will be out this afternoon and the sun is shining!

Next task will be sourcing another round of capital; I have a plan to raise funds myself in six months, and also to try getting exposure via FundSeeder (more of a medium-term plan).

I will keep trading on demo lest I should lose my skill and my awareness of movements in my chosen currency pair.

All good here!
How is your trading going?
Stay safe
PipMeHappy

PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #55 on: July 31, 2020, 01:27:09 PM »
PS: if you do not know how FundSeeder works,

read this:

https://www.elitetrader.com/et/threads/fundseeder-my-experience.298394/

eddieb

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #56 on: August 01, 2020, 08:19:50 AM »
Well done PMH.
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #57 on: August 05, 2020, 05:31:49 PM »
Hi everyone, took two trades today (both longs) as attached...

My demo account (started  July 2019) is now up 181.89%.

Good stuff!

PipMe

Pipstar

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #58 on: August 06, 2020, 01:55:10 PM »
now up 181.89%.
Amazing!!!
You must be sooo pleased! Is this the trade you have for your parents?

PipMeHappy

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Re: Made it! My journey to 100% profit (not a scam or advert)...
« Reply #59 on: August 06, 2020, 09:19:17 PM »
now up 181.89%.
Amazing!!!
You must be sooo pleased! Is this the trade you have for your parents?

Thanks, Pipstar,

no this is just for me:)