College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the New Traders 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, 3:19pm   #401
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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, 7:19am   #402
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tkbieber started this thread Ok, on the road to recovery. +39 pips.
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Old Oct 13, 2011, 2:07pm   #403
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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 Hotforex?
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Old Oct 13, 2011, 3:45pm   #404
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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 post above is recommended by: Chartsy , Hoggums
Old Oct 13, 2011, 4:46pm   #405
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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, 4:48pm   #406
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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 Hotforex?
Oh yes, still Hotfx. My TP is 40 pips.
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Old Oct 17, 2011, 10:43am   #407
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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, 7:40am   #408
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tkbieber started this thread +2.73% for the day. I can live with that.
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