So, the buck stops here. My net equity is $200.18. I set my stop loss for -4.761% which would result in an account balance of $190.65. My TP is set for +5%, resulting in $210.19. So, let's see which gets hit first. I would prefer to withdraw half ...

Cable Update (GBPUSD)

Right, you're not doing your math right. Compounding is when you immediately re-invest the profit you made in your previous trade. Say, I take $100 and make +5% ROI. Now my account balance is $105. The next day I make another +5% of the $105, which ...

Cable Update (GBPUSD)

In fact, if you compound +5% gain per trading day, starting with $100 for a year minus maybe 4 business days like Christmas and New Year's Day and 2 other holidays, you would get 256 good trading days, which actually results in $26,574,222.19. Or if ...

Cable Update (GBPUSD)

Again, wrong. 5% per day compounded takes $100 to a million in less than a year. I haven't managed to achieve that daily growth rate consistently yet, however, it's my goal. I know it's possible. And my truck is a potential million mile truck. A few ...

Cable Update (GBPUSD)

Yeah, that's not how I look at it. I use 50:1 leverage. My trade TP is +5% ROI (+10.4 pips in EUR/USD at current spot price area of 1.04). My trade SL is -4.761% ROI (-9.9 pips) So, if I lose one trade, then win one trade, I will be back to exactly ...

Cable Update (GBPUSD)

It looks like as long as we stay inside these lines, it's best to scalp, buy low, and sell high, with stop loss on the outside. Once price breaks out on either side and supports without entering back inside the line, then it's more likely to ...

Cable Update (GBPUSD)

Nah, in fact, because of people like you, I don't consider it worth my time and energy to report my progress anymore, be it profitable or not. That's why I haven't been talking even though I come here and read everything. So you will get nada you ...

Cable Update (GBPUSD)

Nope, you're actually completely wrong as usual. Back then I was trading without stop loss and averaging up/down as well as hedging among my 20 Oanda accounts. It was high risk and too much stress and time consuming but I didn't lose, even though ...

Cable Update (GBPUSD)

Sure, but I'm happy with only 5% gain every day. Say, start with $100, and end the day with $105. Keep that up, compound it, and you will be a millionaire within a year. The tough part is winning more than you lose. If only...

Cable Update (GBPUSD)

I'd love to receive updates from you especially if you scrap your shorts and start buying. Feel free to pm me.

Cable Update (GBPUSD)

Thank you. I do suspect stocks, crypto, and EUR/USD as well as other high risk currencies to potentially get a little lower yet vs the USD in the near term, but the way things have been going the last week or two has me second guessing. I currently ...

Cable Update (GBPUSD)

I hear you. Trump is trying to weaken the dollar so we get richer from exports, stocks, crypto, and so yes, buying other currencies so we hold all the world's wealth like Switzerland and Japan like to do. Shorting Trump would be buying the dollar. ...

Cable Update (GBPUSD)

What's your stop loss or backup plan if price goes up instead or doesn't dump like you're expecting?

Cable Update (GBPUSD)

I've been trading live with $233.15 deposit for over a month now. I keep getting stopped out and haven't made any significant gains yet. Only about $29 profit at one point then lost it again. Net equity is currently $192.30. Still trying.... No demo ...

Cable Update (GBPUSD)

LOL. No, I'm not a teacher. More of a math guy. I don't like seeing miscalculations. Hurts my brain.

Cable Update (GBPUSD)

Short 1.244 to TP 1.228 is 160 pips, not 200.

Cable Update (GBPUSD)

On the contrary, dollar is going up because of Trump. You were shorting Trump after he won the election and now you're finding out Trump shorters and naysayers always lose. Don't be that kind of loser. It's time for you to accept the truth and ...

Cable Update (GBPUSD)

Hi all! Long time, no see... I've been trading demo, and now live again for the last 3 weeks, starting with $153.15 USD with a system of stop loss of max 5% of account balance, going all in every trade at 50:1 leverage. ...

Only EURUSD

Hi all! Long time, no see... I've been trading demo, and now live again for the last 3 weeks, starting with $153.15 USD with a system of stop loss of max 5% of account balance, going all in every trade at 50:1 leverage. ...

Cable Update (GBPUSD)