Conservative traders way to riches

[Iconoclast]

This is not my post I got it from another forum, a young female trader with a very large account wrote this.

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If you have very limited trading time or you are just a conservative trader there is a way for you to make money. In fact you are more likely to end up ahead of full time traders, conservative trading is the best way to be consistently profitable. I want to show everybody how I grew my account, I have rounded down the numbers and made a few changes to make this more efficient. This is a guide on how you can turn $5,000 into $65,000 in 25 weeks and into millions in a few years.

I know it sounds ridiculous $5000 cannot possibly turn into millions. Wrong it can and my account living proof……


What you need

1) Time to trade between 8 am – 1 pm GMT
2) The VanessaFX intra-day system or another very reliable intra-day system
3) Time to trade from Tuesday through to Friday
4) $5,000 starting balance
5) Commitment
6) Patience


Method

The goal we are aiming for is 30 pips per week. We never need any more that this even if we see an opportunity for another 100 pips all we need is those 30 pips per week. The best part is once you have them you can go do something else. You can make them on a Tuesday and take the rest of the week off, only 30 pips per week. Do not try to make it all in one day otherwise you might lose instead of win.

You can only take trades with a very high probability of profit and a very low risk. The rule is you can never risk over 10 pips so you must find trades that you can risk 10 pips or less on. When you get a trade close to a strong support or resistance line you can enter and place a stop just below/above the line.

The aim for each trade is 15 pips and the maximum goal is 30 pips per week. Assuming there are no losses all you need is two 15 pip trades to succeed. As soon as your 15 pip target is reached you exit.

The last and most important point is you cant take any spending money out for the 25 weeks.

Now let’s look at the numbers.


Numbers

Starting Balance $5,000

Week One
Investment: $2000
Pips: +30
Profit: $600
Total: $5600

Week Two
Investment: $2000
Pips: +30
Profit: $600
Total: $6200

Week Three
Investment: $2000
Pips: +30
Profit: $600
Total: $6800

Week Four
Investment: $2000
Pips: +30
Profit: $600
Total: $7400

Week Five
Investment: $3000
Pips: +30
Profit: $900
Total: $8300

Week Six
Investment: $3000
Pips: +30
Profit: $900
Total: $9200

Week Seven
Investment: $4000
Pips: +30
Profit: $1200
Total: $10400

Week Eight
Investment: $4000
Pips: +30
Profit: $1200
Total: $11600

Week Nine
Investment: $4000
Pips: +30
Profit: $1200
Total: $12800

Week Nine
Investment: $5000
Pips: +30
Profit: $1500
Total: $14300

Week Ten
Investment: $5000
Pips: +30
Profit: $1500
Total: $16800

Week Eleven
Investment: $6000
Pips: +30
Profit: $1800
Total: $18600

Week Twelve
Investment: $6000
Pips: +30
Profit: $1800
Total: $20400

Week Thirteen
Investment: $7000
Pips: +30
Profit: $2100
Total: $22500

Week Fourteen
Investment: $8000
Pips: +30
Profit: $2400
Total: $24900

Week Fifteen
Investment: $8000
Pips: +30
Profit: $2400
Total: $27300

Week Sixteen
Investment: $9000
Pips: +30
Profit: $2700
Total: $30000

Week Seventeen
Investment: $10000
Pips: +30
Profit: $3000
Total: $33000

Week Eighteen
Investment: $11000
Pips: +30
Profit: $3300
Total: $36300

Week Nineteen
Investment: $12000
Pips: +30
Profit: $3600
Total: $39900

Week Twenty
Investment: $13000
Pips: +30
Profit: $3900
Total: $43800

Week Twenty one
Investment: $14000
Pips: +30
Profit: $4200
Total: $48000

Week Twenty Two
Investment: $15000
Pips: +30
Profit: $4500
Total: $52500

Week Twenty Three
Investment: $16000
Pips: +30
Profit: $4800
Total: $57300

Week Twenty Four
Investment: $18000
Pips: +30
Profit: $5400
Total: $62700

Week Twenty Five
Investment: $20000
Pips: +30
Profit: $6000
Total: $68700

Closing balance: $68,700
P/L: 750 pips in 6 months
Total: + $63,700

 

[PKFFW]

I was reading an article recently that showed how you can take $500, starting with 1 mini contract and building up as your account grows, getting just 100 pips a month you would have $18 million in 5 yrs time.

Math is funny like that, it works in the theoretical world of paper calculations. It's not so sure and simple in the real world.

Of course it's certainly possible to do it, but it's not as simple as the math makes it seem. At least not in my experience!

Cheers,
PKFFW

 

[Trader333]

Sounds great, next year Rodney we will all be Millionaires

 

[Priceman]

How many others have done these figures aswell?

$200per pip, my bum would be clenching there :cheesy: , wonder how quick you'd get filled?

 

[yacarob1]

$200per pip, my bum would be clenching there , wonder how quick you'd get filled?

Mine would be spilling. :cheesy: The bowl would get filled very quickly indeed.

 

[neil]

Mine would be spilling. :cheesy: The bowl would get filled very quickly indeed.

' kinell

 

[yacarob1]

'kinell indeed !!

 

[Iconoclast]

The problem is most people are not disciplined enough to make 30 pips per week and stop trading.

You cut your profits at 15 pips per trade especially in the VanessaFX system you can easily make 30 pips per day in 4 hours.

You need to be able to make 30 pips and say that is all.

 

[dc2000]

I know it sounds ridiculous

Nuf said really

was there an account statement posted with this ??? Money talks Bulls**t walks

 

[pssonice]

I ve never read kind of BS before

lser

 

[Iconoclast]

What for? they are just saying that if you make 30 pips per day you can slowly build your account. The mathamatics is in front of you all you need to do is make 30 pips. Why would somebody post an account statement which is private sensitive data online when theya re not sellign you anything?

It is a simple point being made by a trader that has proven herself to be expiranced. You are so stupid the maths is there as long as you have the perfect system and you can make 30 pips per week you can do it.

Why are people like you so stupid?

 

[Iconoclast]

plus she didnt say she made millions like that she made her account into 500,000 in 5 years from 20,000 and from then on she turned it into one million in one month most due to the hug GBP/USD move of 800+ pips. She makes trade calls and the calls she makes have added up to 2000 pips since the begging of Janurary and the calls are made real time. So you want to know is she is a good trader makign 2000 pips in less than one month with proof seems good to me

 

[dc2000]

Why are people like you so stupid?

You are entitled to your opinion however incorrect it may be

With regard to your post in the first paragraph it simply states that she has turned a $5k account in to $65k it then goes on to list various 30 pip trades in order to reach the goal. No mention of a fact of these being posted as live trades.
We all know the power of compounding and can do the math.
As for being an experienced trader Im sure we would all have different views on what would constitute an experienced trader.
2000 pips since beginning of January I thought she only made 30 per week and walked away?? or is my math wrong

 

[yacarob1]

It is a simple point being made by a trader that has proven herself to be expiranced. You are so stupid the maths is there as long as you have the perfect system and you can make 30 pips per week you can do it.

Ico mate, 2 points if I may...

1. There is no such thing as "the perfect system".

2. Have you ever traded the markets ?

Yac

 

[Iconoclast]

You are entitled to your opinion however incorrect it may be

With regard to your post in the first paragraph it simply states that she has turned a $5k account in to $65k it then goes on to list various 30 pip trades in order to reach the goal. No mention of a fact of these being posted as live trades.
We all know the power of compounding and can do the math.
As for being an experienced trader Im sure we would all have different views on what would constitute an experienced trader.
2000 pips since beginning of January I thought she only made 30 per week and walked away?? or is my math wrong

No she is suggesting that because people all email hers telling her they have a full time job and can not trade properly that is why she gave an example of how you can compound I see her calls and they generate a lot of pips with little risk and in 4 years of trading part time i have never seen such great results with very low risk. ofcoursre her system isnt perfect but if you wait for a perfect entry you will very rarely lose trading the system I have lost 4 trades this month with about 50 pips loss trading anywhere between 5-6 trades per day.

For the first time ever I took in over 200 in one week inafact i made 800 pips so in my mind it constituts a good trader the good thing is really that she doesnt just say enter when this in dicator does this and the other does that she teaches you how to use candle stick patterns support and resistance lines and high/lows

I know what a crappy trader is and a crappy marketer masking as a ctrader i have seen it all b efore but she takes the time to teach all the basics of how to trade and teaches how to combine with her system so dont talk withough knowing first,

I agree with you that it is hard to get every trade right but i hav e a higer than 95% success and no i am not sellin anything the system is free so dont accuse me of sellin

of you trader her system very conservative with tight stop loss you can make 30 pips in one day easily and if you do that the compounding works.

also I am not aggresive but how he replied was very rude

 

[JohnG FX]

No she is suggesting that because people all email hers telling her they have a full time job and can not trade properly that is why she gave an example of how you can compound I see her calls and they generate a lot of pips with little risk and in 4 years of trading part time i have never seen such great results with very low risk. ofcoursre her system isnt perfect but if you wait for a perfect entry you will very rarely lose trading the system I have lost 4 trades this month with about 50 pips loss trading anywhere between 5-6 trades per day.

For the first time ever I took in over 200 in one week inafact i made 800 pips so in my mind it constituts a good trader the good thing is really that she doesnt just say enter when this in dicator does this and the other does that she teaches you how to use candle stick patterns support and resistance lines and high/lows

I know what a crappy trader is and a crappy marketer masking as a ctrader i have seen it all b efore but she takes the time to teach all the basics of how to trade and teaches how to combine with her system so dont talk withough knowing first,

I agree with you that it is hard to get every trade right but i hav e a higer than 95% success and no i am not sellin anything the system is free so dont accuse me of sellin

of you trader her system very conservative with tight stop loss you can make 30 pips in one day easily and if you do that the compounding works.

also I am not aggresive but how he replied was very rude

Icon

With respect there used to be another chap who went by a number of names : 7thSignal, TradeVector, Turbine Trader etc

He had been around on numerous boards for years saying basicaly the same, He purported to trade with 95% accuracy on all trades and using 40% equity on each trade turned $800 into a number of millions within six months.

Yes it is theoreticaly possible but doing it in real time on a live account is a totaly different matter. He got blown out of the water after being pushed to post live trade calls, I seem to remember that after a 300+ pip drawdown on a trade he stopped posting.

As others have posted here, we have all done the maths before but converting that into realtime live trades is another matter. On the other hand I have traded in a similar manner from time to time in that I have set an individual trade pip target of 30-40 pips using 20% equity, stop at -30 close 50% of position at target and leave the remainder running with stop at breakeven set to trail at 30 pips, Results are Ok but you have to really fine tune the entry and be prepared to sit on the side if your "parameters" are not met, it's very subjective.

Anyway. how about posting a couple of live calls ?

Best of luck

 

[damianoakley]

20% Equity????

Wow - that's a hell of risk - 5 wrong trades and you're pretty much wiped out.

Trading like that would place you under enormous pressure on every trade.


Damian

 

[JohnG FX]

20% Equity????

Wow - that's a hell of risk - 5 wrong trades and you're pretty much wiped out.

Trading like that would place you under enormous pressure on every trade.


Damian

I'm not saying that I personaly trade like that as a norm, only that it is possible IF you get your entries spot on Personaly I tend to trade longer term

I also try to have some sort of option hedge on a pair if I'm using large margin.

My current positions attached,

PS. The naked GBP/JPY short put and short straddle are not looking too clever right now, looking to get out of that asap on any spike or at least hedge with a spot short.

 

[pssonice]

u would like to trade, but I assume that u

never traded before. doesnt matter! but wats the reason on this strange kind of thread ?

 

[dc2000]

Im glad you have had some success lconoclast my appologies for my assumption that you were a newbie to trading this was based on your other posts

all I see is a bunch of tradecalls made before they are actually taken with videos as proof and a free system.... I might be wrong do not have a lot of expirance please let me know