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    Forums ›› Trading for a Living ›› Journals ›› Tradingjournals Quest... Turn $100 To $100K or To Ash  


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tradingjournals
 

Registered: May 2010
Posts: 3189

 

05-31-11 10:10 PM


Quote from tradingjournals:

added at 1.4367 to long. So average price is 1.4377. My current feeling: pair has been looking weak on long side, so I am looking forward to know how a bullish behavior would come about develop if it develops later now. Would a rise in price bring in demand?



Closed the trade with +20pips gain. Pair at 1.4397.

Cumulative gains: 230pips.
Cumulative losses: zero
Number of trades:7
Number of trades with gain:7
Number of trades with loss: 0

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tradingjournals
 

Registered: May 2010
Posts: 3189

 

05-31-11 10:58 PM

I have some questions: If one were to assume a 10% volatility of a currency, and if one were to assume a max leverage of say 20, what is a reasonable time frame to turn $100 to $100K (or to ash)? I realize it depends on a lot of other factors. I am however asking to question to see what is a reasonable time frame assuming it is doable, and if it is an impossible task if the readers could share the reasoning.

Have you heard of anyone who did a similar attempt? What was the context, result, etc?

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tradingjournals
 

Registered: May 2010
Posts: 3189

 

05-31-11 11:58 PM

e/u at 1.4434. I am considering the short side.

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tradingjournals
 

Registered: May 2010
Posts: 3189

 

06-01-11 02:12 AM


Quote from tradingjournals:

e/u at 1.4434. I am considering the short side.



Exited at 1.4405. Entered at 1.4435. Gain of 30 pips.

Noe to myself: If the 1.4436 recent top is confirmed, I feel it may fall 80 to 100 pips from the top. Why did I exit the trade: because I was concerned about a bounce up + I do not think the recent top is confirmed.


Cumulative gains: 260pips.
Cumulative losses: zero
Number of trades:8
Number of trades with gain:8
Number of trades with loss: 0

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shortie
 

Registered: Apr 2006
Posts: 6711

 

06-01-11 03:21 AM


Quote from tradingjournals:

I have some questions: If one were to assume a 10% volatility of a currency, and if one were to assume a max leverage of say 20, what is a reasonable time frame to turn $100 to $100K (or to ash)? I realize it depends on a lot of other factors. I am however asking to question to see what is a reasonable time frame assuming it is doable, and if it is an impossible task if the readers could share the reasoning.

Have you heard of anyone who did a similar attempt? What was the context, result, etc?



if my calc are correct 10% volatility ~ 0.1% hourly volatility. if one catches each 0.1% turn, bets the whole bankroll each time using full leverage he will get to $100K in about 4,000 hours or ~ half a year.

if one catches only one 0.1% turn out of 10 hours - 5 years. i don't even know how realistic it is to catch 1/10 hourly turns.

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mindtrade
 

Registered: Jun 2009
Posts: 252

 

06-01-11 03:27 AM


Quote from tradingjournals:

Exited at 1.4405. Entered at 1.4435. Gain of 30 pips.

Noe to myself: If the 1.4436 recent top is confirmed, I feel it may fall 80 to 100 pips from the top. Why did I exit the trade: because I was concerned about a bounce up + I do not think the recent top is confirmed.


Cumulative gains: 260pips.
Cumulative losses: zero
Number of trades:8
Number of trades with gain:8
Number of trades with loss: 0



Pretty nice start.

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