College Fund Challenge

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.

    Votes: 78 58.2%
  • You think I will somewhat earn a profit $200-$1,500.

    Votes: 17 12.7%
  • You think I will get a pretty good return but not close to $2,000,000.

    Votes: 27 20.1%
  • You think I will get way more then $2,000,000.

    Votes: 12 9.0%

  • Total voters
    134
  • Poll closed .
So that was a 42% drawdown on that one trade?

I'm not sure exactly what the DD was but that may be accurate. However, because I average about zero loses in the last 13 months, I can handle the DD especially when I start with only $100 and let it ride. The worst I've seen is 58% DD and that trade didn't come half that.

Another short trade last night for +1 pip. :clap:
 
You can certainly handle it after adding all that margin money.

Your hilarious, what margin $? Take a closer look. Even this record shows 91% increase and no additional deposits. Keep watching over the next several months. There will be no additional fund deposited. Don't need to. ;)

I admire your criticism though. What would the world be without critics? :LOL:
 
I'm not sure exactly what the DD was but that may be accurate. However, because I average about zero loses in the last 13 months, I can handle the DD especially when I start with only $100 and let it ride. The worst I've seen is 58% DD and that trade didn't come half that.

Yeah, looking at my charts it's around that. Perfectly acceptable if you're happy with it and expecting it, only issue is it's buggered your sharpe ratio and the like if you're serious about getting investment.
 
Yeah, looking at my charts it's around that. Perfectly acceptable if you're happy with it and expecting it, only issue is it's buggered your sharpe ratio and the like if you're serious about getting investment.

I figure in about two years I'll drop the risk down to maybe 10%. My average gain per month is about the same as I risk per trade so in two years with $2M, I'll drop it down to 10% and get an average of 10% a month off of $2M. I can handle 200g's a month. :D
 
Another excellent trade today. :clap:

Account 1: +25 pips

Account 2: +25 pips

I just busted 105% gain on account 2. That took a little over a month to accomplish.

Here's me, patting myself on the back. :cheesy:

I know people are interested in seeing what the worst DD trade was.
Well, I have record of this here. In the history, you can see the High's and Low's. That will tell you by each trade what the DD was before it went into profit. Also, the stats on the upper left of the page give you all the detail with worst DD being 219 pips. It says 62% but that is not correct according how I calculate how much I risk per trade. It maybe more like 52%.

One month down and about 23 more months to go. Actually, counter says 661 days to go so I'll go by that. :LOL:
 
Well, I predicted there wouldn't be a trade last night and I was correct.

That's fine though as this week was a very good.

Results this week: +15.6%

As you can see, since June 13th, 105% gain now. :clap:

Well, have a great weekend.
 
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
16th £492 = $793 Trade still open over the weekend
22nd £510 = $825
 
No trade last night. I'm going on vacation and will be back, Tuesday July 2.

Just monitor this account to see the gains over the next week.

I'll update you on the % gain for July.
Ok, now off to vacation. :clap:
 
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
16th £492 = $793 Trade still open over the weekend
22nd £510 = $825
29th £498 = $811 Closed manually to avoid open trade over weekend
 
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
16th £492 = $793 Trade still open over the weekend
22nd £510 = $825
29th £498 = $811 Closed manually to avoid open trade over weekend

Hey Lumbco,
Too bad you closed out early Friday. You may have got 25 pips. ;) The market shot up like a rock before market close. Live and learn, right? :)
 
Ok, I just got back from a nice but tiring vacation.
I'm now able to calculate July's totals.

Account Results:

Last week: +7.8%
July total gain: +65.6%

Total gain: +121%

:clap::clap:
 
Tuesday's trade closed for +25 pips :clap: and now another trade opened and currently is -124 pips. The waiting game continues. :)
 
Of course, if your stop gets hit, your expectancy is still positive, but your P&L won't be.
 
Currenty price: 1.639
Currently down $170.8, 122 pips
Stop is at 1.6518, another 128 pips
Sounds to me like $350 at risk.
P/L so far: $302

?
 
I started with $100. Current balance is $522.60. If I lose 60% I'm still in profit by 109%.
The stats are confusing, I know, because IntelFX servers got "hacked" and all the history data got deleted prior to June 13. The account is actually a month longer then stated and began May 13 with only $100.
 
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