Hi there,
now that's a title, quite provoking, eh? Hope mods won't change it.
Ok. I blew dozens of accounts. I gambled way too often, I've been through everything. Call this my last (public) attempt.
I want to make one million out of one thousand within 20 years.
Is it possible? Yes.
Is it likely? Most definitely NOT.
Currently I do grid trading with many tiny orders above the current price (for long and vice versa for short) in a distance with 20 pips and a tp of 25 pips and no stop at all. This can and will work for quite a while without maintenance at all but obviously from time to time the "danglers" have to be removed/closed. Order size would be 100 units for a $1k account.
This works very well for trends and ranging markets as long as the general bias is correct. For a rough direction I just take a look at the weekly chart. If it goes up, well... you get the picture I guess.
I will see that I post some examples. I've attached a trade explorer as well.
Just a note: Yes, I have that "red badge". I am a "high impact member". Oh well, couldn't be less true actually. I think I'm the living example of failure. But... I'm still here, so let's start!
now that's a title, quite provoking, eh? Hope mods won't change it.
Ok. I blew dozens of accounts. I gambled way too often, I've been through everything. Call this my last (public) attempt.
I want to make one million out of one thousand within 20 years.
Is it possible? Yes.
Is it likely? Most definitely NOT.
Currently I do grid trading with many tiny orders above the current price (for long and vice versa for short) in a distance with 20 pips and a tp of 25 pips and no stop at all. This can and will work for quite a while without maintenance at all but obviously from time to time the "danglers" have to be removed/closed. Order size would be 100 units for a $1k account.
This works very well for trends and ranging markets as long as the general bias is correct. For a rough direction I just take a look at the weekly chart. If it goes up, well... you get the picture I guess.
I will see that I post some examples. I've attached a trade explorer as well.
Just a note: Yes, I have that "red badge". I am a "high impact member". Oh well, couldn't be less true actually. I think I'm the living example of failure. But... I'm still here, so let's start!