TDs Journal

This is a discussion on TDs Journal within the Trading Journals forums, part of the Reception category; Originally Posted by KillPhil08 What is your overall target for withdrawal / What is your percentage withdrawal. Ie, withdraw 25% ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 9, 2008, 11:09pm   #15
 
trader_dante's Avatar
Joined Aug 2005
trader_dante started this thread
Quote:
Originally Posted by KillPhil08 View Post
What is your overall target for withdrawal / What is your percentage withdrawal.

Ie, withdraw 25% every 2months to give to charity?
I will withdraw 25% of the total equity (not including the original investment) and donate it to a Parkinsons Charity every quarter. Which will mean my first donation will go out on 2nd December - just in time for Christmas!

Sometimes, I check my potential setups thread for posts that alert me to price action in markets that I have not noticed. It's hard to keep an eye on everything! If I follow a setup that another member of T2W has alerted me to and it makes me money, I will make a note of how much I made on the trade and which member I got the idea from. At the end of the quarter I will give 50% of the money made on those individual trades to a charity that the member themself designates.

Finally, I have a rule that if the account ever experiences a drawdown of 50% from the peak (not of course including the money extracted) I will close the account and donate the remainder.

Tom
__________________
Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html

Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html

Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html
trader_dante is offline Coach/Trainer   Reply With Quote
Thanks! The following members like this post: KillPhil08 , maknz
Old Sep 9, 2008, 11:23pm   #16
Joined Jan 2008
amazing stuff
eltrot1979 is offline   Reply With Quote
Old Sep 9, 2008, 11:32pm   #17
 
wasp's Avatar
Joined Aug 2003
Nice going TD
wasp is offline   Reply With Quote
Old Sep 10, 2008, 1:29am   #18
Joined Nov 2007
Quote:
Originally Posted by trader_dante View Post
I took £40 of it
Tight Bast@rd!
MrGecko is offline   Reply With Quote
Old Sep 10, 2008, 6:26am   #19
 
trader_dante's Avatar
Joined Aug 2005
trader_dante started this thread
Quote:
Originally Posted by MrGecko View Post
Tight Bast@rd!
lol. I couldn't have used it all. I would have felt awful if I had lost it doing what my family considers to be "gambling".

Thankfully, no more was necessary.
__________________
Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html

Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html

Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html
trader_dante is offline Coach/Trainer   Reply With Quote
Old Sep 10, 2008, 8:33am   #20
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
timsk's Avatar
Joined Mar 2002
Tom,
The rep' system won't allow me to shower you with any more points! Great stuff - you and your trading are an inspiration to one and all. If the account grows to something really substantial, you could write a Nicolas Darvas style book 'How I Turned £40 into . . . ' It'd be a best seller, guaranteed.

Tim.
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
timsk is online now   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Sep 10, 2008, 12:39pm   #21
BSD
 
BSD's Avatar
Joined Feb 2006
Great stuff mate, congratulations !

Hope you keep it up !!

__________________
Markus
Doing without doing
BSD is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


LinkBacks (?)
LinkBack to this Thread: http://www.trade2win.com/boards/trading-journals/38130-tds-journal.html
Posted By For Type Date
Forums - 5% - 10% profit per day trading This thread Refback Oct 2, 2008 9:25am
Forums - 5% - 10% profit per day trading This thread Refback Oct 1, 2008 10:34pm
Forums - 5% - 10% profit per day trading This thread Refback Oct 1, 2008 10:33pm
Forums - Laurie's Journal This thread Refback Oct 1, 2008 10:33pm
Forums - Laurie's Journal This thread Refback Oct 1, 2008 10:23pm
Forums - Laurie's Journal This thread Refback Oct 1, 2008 10:17pm
Discuss the GBP/USD with a DailyFX Analyst - Page 371 - DailyFX Forum This thread Refback Sep 10, 2008 6:42pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)