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Small account challenge live journal


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Small account challenge live journal

  #31 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

I was about 90% long only today but managed to get a winning day out of it. Mkt is changing direction quickly and retracing 90 to 100% at times but there is ample opportunity. Not an easy mkt to trade from either side

Acct above 6k.

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  #32 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

I was about 90% long only today but managed to get a winning day out of it. Mkt is changing direction quickly and retracing 90 to 100% at times but there is ample opportunity. Not an easy mkt to trade from either side

Acct above 6k.

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  #33 (permalink)
lightsun47
Toronto, Canada
 
Posts: 357 since May 2018
Thanks Given: 492
Thanks Received: 296


I would chime in.

That's very good trading if you made 200% return.

The real challenge will be to keep this or at least 100% return every week.

Accept or Reject?

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  #34 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

1. You used the word if. It's actual fact. I made 200% on 1600. Not a huge feat
2. There is no way anyone can maintain a 100% return mathematically the mkt is not big enough.
3. Maintaining this account and perhaps making 300 to 1500 per day
On average I think is doable.

I would reject your idea only because its impossible. 52 doubles

Think of how easy it is to double a dollar. Bigger you are the more difficult it is

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  #35 (permalink)
lightsun47
Toronto, Canada
 
Posts: 357 since May 2018
Thanks Given: 492
Thanks Received: 296

I used the word if which was context to the sentence. It was not meant to question or doubt that you had made money or not.

Anyways, since the title of the thread also includes the word challenge, I tried to give you a challenge since you are good enough to take one and beat it.

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  #36 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

Today I took it on the nose and got knocked out! I got up but I will tell you a force liquidation of 50% is all that saved this account.

I started doing more mini instead of micro and 4 minis long as the mkt drops hard is not a winning combination. I was scalping and turned it into a position with way way way too much leverage. Gotta understand that never go from 1 n 2 lot micros to minis.. jump to 5 lot micros then 8 etc.

The minis just get too big for a small acct even sub 10k

I ended up scalping back 1500 of my losses

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Last Updated on September 27, 2022


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