College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Originally Posted by wiseambitions Wednesday: Not a good day for TMT to set the method off with a short signal ...

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 Oct 12, 2011, 9:19pm   #401
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by wiseambitions View Post
Wednesday: Not a good day for TMT to set the method off with a short signal
Yes. Trade was lost. It wasn't margined but it was my fault at how much was lost. I leveraged too much at the wrong time. I did not follow my own rules and paid for it.

I transferred $100 to get the account back to trading again. This time, I'm following my rules to the t. It will probably take 4 years to get my goal. This time, if there is a loss and can't recover according to my rules than it will never work.
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Old Oct 13, 2011, 1:19pm   #402
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Ok, on the road to recovery. +39 pips.
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Old Oct 13, 2011, 8:07pm   #403
mjj
Joined Mar 2005
Re: College Fund Challenge

Would love to know how you managed to get 39 pips today. My trade also opened at 0615 GMT but got closed out at 0900 GMT with two pips profit. Are you still trading with ********?
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Old Oct 13, 2011, 9:45pm   #404
 
Masquerade's Avatar
Joined Nov 2007
Re: College Fund Challenge

I like this bit:

Average Win: 17.89 pips / $9.60
Average Loss: -209.20 pips / -$226.82

Looks like you're on to a real winner there. $2m in no time!
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Thanks! The following members like this post: Chartsy , Hoggums
Old Oct 13, 2011, 10:46pm   #405
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by Masquerade View Post
I like this bit:

Average Win: 17.89 pips / $9.60
Average Loss: -209.20 pips / -$226.82

Looks like you're on to a real winner there. $2m in no time!
No time meaning 4 years maybe. Yes, it's the best system I've ever seen.
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Old Oct 13, 2011, 10:48pm   #406
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by mjj View Post
Would love to know how you managed to get 39 pips today. My trade also opened at 0615 GMT but got closed out at 0900 GMT with two pips profit. Are you still trading with ********?
Oh yes, still Hotfx. My TP is 40 pips.
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Old Oct 17, 2011, 4:43pm   #407
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread +39.8 Pips.

Now, I'm back to risking just 15% per trade. Had I risked 15% during the last loss, it would be back 100% and on to gaining again. I thought about just starting a fresh account with fresh history but I'm just going to leave it go. I'm hoping to see a more steady growth from now on.
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Old Oct 19, 2011, 1:40pm   #408
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread +2.73% for the day. I can live with that.
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Old Oct 19, 2011, 6:03pm   #409
Joined Jul 2011
Re: College Fund Challenge

Profit: -$641.37
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Old Oct 19, 2011, 9:15pm   #410
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Ok, I changed my mind. I opened a completely new account with ZERO history so I won't keep getting history lessons on how "sucky" my system is.

I changed up the style I trade this now. Let me be the first to say this will have losses. In fact, the most it will lose at one time is 30%. However, the first 15% will be recovered within two good trades using martingale. The entire 30% should be recovered within 5 good trades. I'm anticipating 15%-30% per month with an average of about 20% a month (even with a loss). My $2M goal is set for about 4-4.5 years from today. If this doesn't work, nothing with this system will.

So all the "naysayers" while you wish to chomp at the bit, hold your horses. This could actually work.

Although the market has been kind of strange the last two months, had I had this system implemented at the beginning, it would have pulled through. True, it may a matter of time before even this crashes. Time will tell.
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