College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Originally Posted by BeginnerJoe If it collapses, you will lose $100 plus a large chunk of margin money you put ...

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 Jun 16, 2011, 2:04pm   #51
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by BeginnerJoe View Post
If it collapses, you will lose $100 plus a large chunk of margin money you put in separately. You can call the margin money as money from other investors if you like. But the outcome is the same: you will lose a lot more than $100 from your make millions from $100 (plus 2 million margin money) challenge.
You're pretty funny, beginner.

Today had a trade for 25 pips on account 1. Actually, 24.8 pips, to be exact. That's +12.4% for the week. One more day. We'll see if I get another trade before the weekend.

Account 2 had a grand 2 pips. 6.4% for the week so far. Seems like the two accounts are having their own little race.
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Old Jun 17, 2011, 1:14pm   #52
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Re: College Fund Challenge

Starting funds Monday 13th June £391

JUNE
Mon 13th £391 = $642
Fri 17th £428 = $688
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Old Jun 17, 2011, 9:51pm   #53
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread This Week's Results

Account 1: +12.4%
Total gain: +20.9% This still has an open trade from last night and looks like it will be open over the weekend.

Account 2: +6.8%
Total gain: +56.5% This got away with 1 pips trade last night so there is no open trade.

Because of account 2 broker having messed up records, I had to adjust the total gain from would would be over 80% to now 56%. The reason is because I had to adjust the original balance from $100, to $150 because they added an additional $50 because of their problems.

Anyway, it should all look smoother in a few months.

Have a great weekend!!
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Old Jun 20, 2011, 2:07pm   #54
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Account 1: Trade still open from Friday so nothing to report there.

Account 2: Because Friday's trade closed, it was free to open another sell if conditions were met and they were so it opened a sell. I know it's hitting a strong resistance area so it may have some trouble punching through. We will see as it's still open.
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Old Jun 21, 2011, 2:44am   #55
 
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Re: College Fund Challenge

hey tk, what indicators/trading plan do you use to determine entries?
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Old Jun 21, 2011, 1:27pm   #56
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
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Originally Posted by TASK View Post
hey tk, what indicators/trading plan do you use to determine entries?
As a base, I use FMT turbo version. However, my settings are very different which renders (so far) 100% accuracy.

Last night had a small gain of 1 pip on both accounts.

The market looks like it is going back down from Friday and Monday's trades which are still open.

On a side note, I will hedge if indicators are lined up for an opposite trade as the current open trade. However, I won't take two sells in a row as this just doubles my risk which would be just crazy. (Even though in history, the double trading still resulted in a good trade. Just too much risk I'm not willing to take.)
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Old Jun 22, 2011, 5:38pm   #57
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread There was no new trade today and account 1 trade from Friday almost closed but it keeps hitting that nasty support line so bounces back, hence still open.

However, Account 2 that had Monday's trade closed out this morning for a nice 25 pips.

The FOMC news comes out at 12:30 so we will see if that will finally push the Cable down past the 1.61031 support. Fingers crossed.
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Old Jun 22, 2011, 9:30pm   #58
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Re: College Fund Challenge

tkbieber started this thread Ok, finally after what, five days?,, Friday's trade closed in profit for 22.8 pips. 25 pips on account 2 Monday and 1 pip yesterday.

Both Accounts are closed and in profit again for the week.

There are two more days of trading before the weekend so we will see what % gain we have by Friday.
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Old Jun 23, 2011, 1:51pm   #59
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Re: College Fund Challenge

tkbieber started this thread Another good, yet short trade last night.

Account 1: +1 pip
Account 2: +26 pips
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Old Jun 24, 2011, 1:03pm   #60
Joined Sep 2010
Re: College Fund Challenge

Starting funds on Monday 13th June £391

ACCOUNT BALANCE JUNE
13th £391 = $642
17th £428 = $688
24th £443 = $707
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