College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Another excellent trade today. Account 1 : +25 pips Account 2 : +25 pips...

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 Jul 7, 2011, 1:13pm   #81
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Another excellent trade today.

Account 1: +25 pips

Account 2: +25 pips
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Old Jul 8, 2011, 12:43pm   #82
Joined Sep 2010
Re: College Fund Challenge

Starting funds on Monday 13th June £391

ACCOUNT BALANCE JUNE 2011
13th £391 = $642
17th £428 = $688
24th £443 = $707


ACCOUNT BALANCE JULY 2011
1st £458 = $733
8th £487 = $777
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Old Jul 8, 2011, 2:31pm   #83
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Another good trade this morning.

Account 1: +1 pip

Account 2: +1 pip

The grand total this week.

+77 pips
+23.4%

On a side note, I won't be giving percent details on account 1 because of the frequent balance change due to clients funds transferring to and from the account. Both accounts get about the same in pips per week therefore the stats I post will be from account 2.

I am off to a great start this month. Last July rendered over 100% gain so we will see if this July does something similar.
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Old Jul 9, 2011, 6:18pm   #84
Joined Mar 2010
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
Another good trade this morning.

Account 1: +1 pip

Account 2: +1 pip

The grand total this week.

+77 pips
+23.4%

On a side note, I won't be giving percent details on account 1 because of the frequent balance change due to clients funds transferring to and from the account. Both accounts get about the same in pips per week therefore the stats I post will be from account 2.

I am off to a great start this month. Last July rendered over 100% gain so we will see if this July does something similar.
You're just trading the Forex Morning Trade idea right?
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Old Jul 9, 2011, 7:50pm   #85
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by brettus View Post
You're just trading the Forex Morning Trade idea right?
The turbo version, yes but with very different settings.
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Old Jul 11, 2011, 1:18pm   #86
Joined Jan 2011
Re: College Fund Challenge

I must admit I'm having a lot of fun with this. I have a couple of accounts with MINIMAL risk capital. I make the odd trade of my own on one accoount for just 7-10 pips, occasionally, using the standard parameters. So far I've made 103.3% on a projected month. I've only had the account for 15 days.

This is pure fun with a high probability of making some money quickly. I'll leave one account to see just how it performs in the LONG term. However, with the other account I shall build it up and take income, as and when there is some to take. Potentially, over time, that could be considerable, in terms of household/holiday money.

On a slightly more serious side, I am developing a caveat around the news. For example, last Friday's NFP could easily have sent the dollar crashing to the point where the trade may have been at risk. The jury is out as to whether or not to trade MAJOR news days... Not that one can ever be sure what the market's view on any news release will be.

...and finally, once again, for me at least, this is just a bit of fun. I think it's a clever strategy that's fun to watch and hey ho, MINISCULE capital risked for a potentially huge reward, whatever you decide to take, and whenever and however you decide to take it.

I just don't see a downside with real-world expectations from the beginning.

Last edited by RobM.; Jul 11, 2011 at 3:38pm.
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Old Jul 11, 2011, 1:18pm   #87
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Another excellent trade today and a great start for the week.

Account 1: +25 pips

Account 2: +25 pips
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Old Jul 12, 2011, 1:32pm   #88
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Another trade today but small.

I was a little apprehensive because where the market was last night, 1.5863 was basically the low since the end of January, 2011 and wasn't sure if the market would break that support line or bounce up. Anyway, I'm just glad to get one pip out of it.

Account 1: +1 pip

Account 2: +1 pip
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Old Jul 14, 2011, 7:30pm   #89
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread No trades the last couple of days. Maybe I'll get one more before the week is over.
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Old Jul 15, 2011, 1:01pm   #90
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Oh, I get to have a draw-down today. That's always a blast.

I've got a buy going on with a current DD of -40 pips.

If I'm lucky, it will end before market close.
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