What I have learned from trading: Year one

This is a discussion on What I have learned from trading: Year one within the General Trading Chat forums, part of the Reception category; Originally Posted by maxima I am not sure from your post - do you feel you are a success? and ...

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Old Jul 29, 2011, 3:30pm   #16
 
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Re: What I have learned from trading: Year one

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Originally Posted by maxima View Post
I am not sure from your post - do you feel you are a success? and did you start with fortune? what was the initial size of your account from what you grew what you are calling a success now?
The current one started at £250, went up to almost £1.5k on the USD/JPY elevator ride a few months back and came crashing back to just under £100 on the same ride.
At that point I stopped looking for quick fixes and started taking positions/swing trading/whatever you'd like to call it.
Currently it's just under £400. Like I said I'm eeking (and from the figures you can see I really do mean eeking) out a profit, but it is a profit and I succeed much more often than I fail now.

As far as I'm concerned I'm getting there and gaining the knowledge and skill and making regular profit however small is the important part.
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Old Jul 29, 2011, 6:03pm   #17
 
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Re: What I have learned from trading: Year one

so roughly you need to grow your account 100 times to be able to live out of the profit....

tought isnt it?
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Old Jul 29, 2011, 6:09pm   #18
 
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Re: What I have learned from trading: Year one

iota started this thread I'm figuring if I can take it to 10x the initial without dropping under the initial again, I'll look at putting real money in to an account. Until then I'm just in training and/or wasting my time.

And yeah, it is tough. And long, don't forget long.
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Old Jul 29, 2011, 11:24pm   #19
 
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Re: What I have learned from trading: Year one

I hear ya
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