How I grew $187.91 to $1M in 5 years

Discussion in 'Professional Trading' started by fxturtle, Feb 16, 2014.

  1. fxturtle

    fxturtle

    This is just a dream, but everything starts from a dream.

    The $187.91 is original amount deposited, but I add funds intended for smoking that I did not use during the month. I added $135.16 on February 1, 2014.

    Lovers and haters are welcome, just maintain civility.

    Trading style is based on:

    Indicators
    Price action
    Support & Resistance

    Risk management:

    Never lose more than 50% of each month's beginning capital. This will decrease in time as the equity grows.

    Let my winners run and cut my loses short.

    I will update this thread every end of the week.

    Performance verified by Myfxbook

    http://www.myfxbook.com/members/fxturtle101/quick-turtle/755115

    Note. Myfxbook middle table not showing correct numbers for February, look at the bottom graph.

    Cheers,
    FxTurtle
     
  2. Why privatize the profit tab if you're telling us the specific dollar amount to which you've grown your account?
     
  3. fxturtle

    fxturtle

    It is public now.

    Cheers,
    FxTurtle
     
  4. Bry

    Bry

    hi fxturtle,
    i saw that over 1200 trades have been done since september; do u use an automated system, or are those trades discretionary/you doing them at your computer?
    Good Luck! bry
     
  5. I saw the title of this thread and went :eek: :)

    Then I saw the first post and it became :(:mad:
     
  6. I wonder if the trader has :
    1) managed to kick a smoking addiction! :). VERY well done
    2) using the money he was "burning in smoke" ( :D) to add to his trading account. VERY well done
    3) is showing a very consistent pattern of trading. VERY well done
    4) has the guts to put his live trading with a third party who can be trsuted - myfxbook.. VERY well done

    Me for sure I have bookmarked his fxbook, as well as this thread. :)
     
  7. fxturtle

    fxturtle

    February performance update:

    The month of February ended with a modest gain, but well below my target. The first two weeks saw gain over +600 pips only to be erased during the last two weeks and reduced it to only +300 pips at the end of February.

    Total deposit from my own money deposited in this trading account is $443.34. The additional deposits of $135.16 and $125 are my savings from smoking and coffee from the previous month.

    Plan for the month of March starting March 9th:

    Pairs to trade:
    GBPJPY
    GBPAUD
    EURAUD

    Risk per trade:
    Max of 2%, but a minimum of 2 micro lots

    Cheers,
    Fxturtle
     
  8. Catchy title but this post is nothing more than a clever infomercial for Myfxbook.

    Let me show you how to turn a mere $187.91 (no, not $200.00 but $187.91 exactly, I insist) into a million bucks in 5 years.

    Oh, wait, did I tell you that I would inherit exactly $999,812.09 in exactly 5 years ? :p
     
  9. His account is now above 600$, so you need to adjust the inheritance size!

    So actually this person has managed to:
    1) kick smoking addiction
    2) kicked drinking addiction
    3) trading money he can afford to lose
    4) has live live statements
    Now the account should be above 600$.
    And compounding has not yet kicked in.

    Just a comment looking to the equity curve : you might want to take 2 or 3 months trading live break till you work out why you reached a ceiling.:)
     
  10. fxturtle

    fxturtle

    The account ended negative for the month of March, but the loss is very minimal. The last 3 trading days of the month won over +300 pips that recovered most of the loses from the previous days.

    Cheers,
    FxTurtle
     
    #10     Mar 31, 2014