College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the New Traders category; Ok, we had another +1 pip trade today. This month's total for account 2 : +42.1 % This week so ...

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
Voters: 135. You may not vote on this poll

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Old Sep 1, 2011, 9:00am   #241
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Default Re: College Fund Challenge
tkbieber started this thread Ok, we had another +1 pip trade today.

This month's total for account 2: +42.1%

This week so far: +13.7%
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Old Sep 1, 2011, 9:23am   #242
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Quote:
Originally Posted by joke View Post
...what if time it does prove to be sucessful as we hope it will be, then what? All the nay sayers will say it was luck or some other hogwash.
sorry mate but succeeding with 60% risk per trade is pure luck in the long run!

I wish you luck anyway, but don't forget that if it would be that easy everyone would be doing it,
and you wouldn't have an opportunity.
Last edited by victor_db; Sep 1, 2011 at 10:04am.
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Old Sep 1, 2011, 9:26am   #243
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Quote:
Originally Posted by tkbieber View Post
I'm not sure how you got that idea but sorry, you were mistaken.

I never get margin-called even if it does go neg 60%. It's all about how you leverage.
I find it sad that some of the readers forget that this thread is just a bit of light hearted fun, with no significant set up money to lose.

I will continue to publish my results weekly - and if I lose my initial stake then no big deal - just the end of some light relief.
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Old Sep 1, 2011, 9:44am   #244
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Is this a joint journal or something? (tkbieber and lumbco). Im confused! Good luck either way!
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Old Sep 1, 2011, 11:11am   #245
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tkbieber started this thread
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Originally Posted by piggybridges View Post
Is this a joint journal or something? (tkbieber and lumbco). Im confused! Good luck either way!
My journal but I welcome any comment.
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Old Sep 1, 2011, 2:02pm   #246
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Agreed - I just follow the profitable advice of the thread owner.
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Old Sep 1, 2011, 3:50pm   #247
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IntelFX in New Zealand? If so good luck in getting your money out!
http://www.forexpeacearmy.com/public...ww.intelfx.com

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Originally Posted by tkbieber View Post
Account 1 is HotFX Standard
Account 2 is mini with IntelFX

When account 2 grows, I'll need to switch it to standard.
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Old Sep 2, 2011, 1:15am   #248
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IntelFX in New Zealand? If so good luck in getting your money out!
http://www.forexpeacearmy.com/public...ww.intelfx.com
You definitely won't get your $2.000.000 withdrawal with this company.
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