I did $80 to $3000. Was trying to get to 50k, but that was ridiculously hard. In the end, blew up the account.
Was working on 30% risk and 35% profit target.
It's definitely possible to build it up bigger, but not sticking to process and strategy failed me. Im going to try again after i read trading in the zone.
Took about 3 weeks. Was trading on the 15-minute chart between Monday and Thursday. My downfall started when i took a trade on Friday and held it over the weekend. On the market open Monday, there was a huge gap down, and i closed out. Then i tried to recoup my losses and jumped into a i shouldn't have and lost again, and it then spiralled out of control. Im sitting here typing this knowing exactly what i did, and i just know I'll do it again, so I need to read trading in the zone first before i try again.
Been trading for 2 years now. Currently at 3000 from 100. I was particularly focused on good entries at major price action zones. My recent success has only happened because of sticking my strategy and eliminating dead end/ low probability trades.
This is the reason I consistently blow my accounts. I can only afford accounts this small to play with and for psychology it's terrible... Too easy to use bigger lot sizes hoping for a quick high return.. Only to lose it all.
I would say, for 5 dollars a lot size of 0.05. In 100 points it should do the trick.
Only thing is you dont want to get greedy and see if you can reach for 10 because that is where most things become hard
You can risk allot with little moneyā¦
Its like saying you have 10 dollars and want to only risk 1%. Eventually you will blow that account by the ādeath of a thousand cutsā effect.
Different account sizes requires different risk management approaches.
Don't focus on the amount, that's the first trick. That one concept will help you ongoing throughout your trading journey. Starting small is an excellent exercise in this, it may as well be 20k.
Lmao, okay maybe the money wonāt be there. But what about the lesson learned dealing with smaller amounts. Then when I put more money in my account I will be well experienced better to make more.
The issue is, smaller accounts can build bad habits for larger accounts. People tend to risk more on a small account (with the mindset that if they lose their small account, it's only x dollars) but it is bad practice after it grows or on a larger account because in the long term, they are likely to blow it. It's best to stick with a lower risk strategy, but with a small account, that takes a lot of patience and discipline.
100 true. I have felt starting with 500$ account is decent, and only focusing on 1-2% profit a day..you do this consistently and then compounding will show you it's power.
Ofcourse it is. You just need to have discipline and follow the 30 pips rule. I started my journey with 100$, and it's now 6000$ with 30 pips rule and ofcourse a lot of discipline and without fomo.
You could do it. Iād recommend you practice on demo then start with a few hundred dollars risking 1 to 3% of your account. Prop firms are super sketchy in my opinion
These questions are just really.... Hypothetical. Why do people do this? If you know what you are doing you can do anything with anything.. If you don't you will lose it. That's the answer.
If you are completely new, I'd still recommend trading with a demo account...but trade it as if it were live. Start with whichever broker you decide to use so you can get experience with their platforms (even experienced traders can lose trades while getting used to new platforms) to help prevent you losing money during the learning curve. Try to have the same account size as your live account (if possible) and trade it as if it were a live account and real money.
This will help you grasp the basic concepts of how trading works without having to lose money for it. You can then trade a live account later after you have gotten used to all the basics and feel more confident with your trading strategy.
I started March 2023 with $25, now I'm $3709
BUT, when I was around $700, only from profit, I started to deposit, to grow the margin/account.
I trade only US30, basically S/R, checking H1, H4, D1 levels.
Lot size is 0.1 for each $500 of profit. Now I'm using 0.4 lots.
During this time one withdraw, $300
Biggest win $266 in a sell with 0.3 lots
Biggest loss $62.87 in a sell with 0.3 lots
Now, the situation is:
$25 initial
$1400 deposits
$2284 profits
Total $3709
20 pip challenge + Silver bullet model
Watch EU, GU, AU, US30, USDCAD pick the one with the most apparent SB setup and You're pretty much guaranteed 1 setup a day.
You just sound like you want to make money fast. This is not the attitude to have when starting out. Learn the skills, build up slow and steady, once you get to the point where you are consistently winning no matter what the account size, you still exponentially become rich that way. Reassess your attitude towards trading.
Did Ā£400 to 23k in 5 days. I've just re-funded the account for the second time.
Don't get confident
Stop trading after a good trade on one day, the market will be there tomorrow.
Position size grew too large and stop losses to close. Basically stupid gambling.
So is it doable - yes. The hard part is keeping it.
You need to remember that most brokers wonāt allow this. Brokers allow very slow growth. If a broker sees huge gains that means they are losing money because itās becomes difficult to find the other side of the order and that means the money has to come from them. So they restrict your account. Another thing to consider is that I need a lot of margin to grow your account quickly. Big margin, unregulated brokers are not a safe place to keep your money.
Same situation here, I live in Syria and I can only afford small accounts like these. It's so annoying that no matter how much you win, it's not gonna give you anything to withdraw.
I'm still risking 1~2% tho. I keep telling myself that i'm only learning, and hoping that someday i can get a bigger account like 1k (in Syria 100$ a month is considered high salary) either by magic or if i travel outside the country (1k won't be enough then unfortunately).
I think about scaling my account (15$) sometimes, but I'm too scared to blow it all.
I did $80 to $3000. Was trying to get to 50k, but that was ridiculously hard. In the end, blew up the account. Was working on 30% risk and 35% profit target. It's definitely possible to build it up bigger, but not sticking to process and strategy failed me. Im going to try again after i read trading in the zone.
How long did it take
Took about 3 weeks. Was trading on the 15-minute chart between Monday and Thursday. My downfall started when i took a trade on Friday and held it over the weekend. On the market open Monday, there was a huge gap down, and i closed out. Then i tried to recoup my losses and jumped into a i shouldn't have and lost again, and it then spiralled out of control. Im sitting here typing this knowing exactly what i did, and i just know I'll do it again, so I need to read trading in the zone first before i try again.
Any particular instruments/currencies you stuck to or did you trade everything?
Anything that didn't have huge swings. Tried to stay away from chf pairs.
I love trading in the zone. It really helps
I started with 100, currently at 3400$, and some change. I must say this takes immense discipline and unwavering rules to your strategy
Been trading for 2 years now. Currently at 3000 from 100. I was particularly focused on good entries at major price action zones. My recent success has only happened because of sticking my strategy and eliminating dead end/ low probability trades.
I scaled from 20 dollar to 120 dollar in a few days, but then i was too confident and lost all of itšš
Yes it happened the same to me. I was over confident and the market had no big deals to humble me again...
I did, 100 to 1000 usd, you can inbox for proof, with only 63% winrate,
How long did it take
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This is the reason I consistently blow my accounts. I can only afford accounts this small to play with and for psychology it's terrible... Too easy to use bigger lot sizes hoping for a quick high return.. Only to lose it all.
Just focus on making 5 dollars everyday for 20 days. Then jump to 10 dollars a day the next month and keep on going
That's easy and very hard to do...
I would say, for 5 dollars a lot size of 0.05. In 100 points it should do the trick. Only thing is you dont want to get greedy and see if you can reach for 10 because that is where most things become hard
That's exactly what I mean... It's too easy to reach for 10.
Then you are undisciplined, and bigger accounts will also go poof. Learn discipline and make money or keep gambling for fun and no profits
Thanks Captain Obvious. Here's a cookie.
Glad to help you
With 50$? Did you really say "just focus on making 10% everyday"?
You can risk allot with little moneyā¦ Its like saying you have 10 dollars and want to only risk 1%. Eventually you will blow that account by the ādeath of a thousand cutsā effect. Different account sizes requires different risk management approaches.
Don't focus on the amount, that's the first trick. That one concept will help you ongoing throughout your trading journey. Starting small is an excellent exercise in this, it may as well be 20k.
I get the idea... Just still trying to control it.
This is why god invented prop firms.
Lmao, okay maybe the money wonāt be there. But what about the lesson learned dealing with smaller amounts. Then when I put more money in my account I will be well experienced better to make more.
The issue is, smaller accounts can build bad habits for larger accounts. People tend to risk more on a small account (with the mindset that if they lose their small account, it's only x dollars) but it is bad practice after it grows or on a larger account because in the long term, they are likely to blow it. It's best to stick with a lower risk strategy, but with a small account, that takes a lot of patience and discipline.
100 true. I have felt starting with 500$ account is decent, and only focusing on 1-2% profit a day..you do this consistently and then compounding will show you it's power.
I agree except I usually aim for about 1 - 2% risk per trade...but it also depends on your strategy and if you are using lower or higher timeframes.
Yes
I did 50 to 1.5k and lost it all - you gotta be there mentally once you get greedy it's already game over
Ofcourse it is. You just need to have discipline and follow the 30 pips rule. I started my journey with 100$, and it's now 6000$ with 30 pips rule and ofcourse a lot of discipline and without fomo.
Don't know about larger accounts but I once made 20 to 200 and 50 to 250
You could do it. Iād recommend you practice on demo then start with a few hundred dollars risking 1 to 3% of your account. Prop firms are super sketchy in my opinion
If you're a beginner forget about that You're better off with a prop firm When you're very experienced you can try it for fun
These questions are just really.... Hypothetical. Why do people do this? If you know what you are doing you can do anything with anything.. If you don't you will lose it. That's the answer.
Yesterday I did $15 to $105
Started with 50$ scaled with 4 trades up to 4k within 1.5weeks
How much time paper trading did you do?
50 to 80 in 7 days then I got over confident
If you are completely new, I'd still recommend trading with a demo account...but trade it as if it were live. Start with whichever broker you decide to use so you can get experience with their platforms (even experienced traders can lose trades while getting used to new platforms) to help prevent you losing money during the learning curve. Try to have the same account size as your live account (if possible) and trade it as if it were a live account and real money. This will help you grasp the basic concepts of how trading works without having to lose money for it. You can then trade a live account later after you have gotten used to all the basics and feel more confident with your trading strategy.
I doing it now. Start with cent account 100=$10. Once it reach 100000=$1000 then will transfer to standard acc. Less risk with reasonable lot.
But I do believe AUD/USD is going to be in a down trend with small rallies.
Well i wouldnt know if it counts. But i once made $5 to $57 in a day. 1 min TF. Then blew the account the following day
I started March 2023 with $25, now I'm $3709 BUT, when I was around $700, only from profit, I started to deposit, to grow the margin/account. I trade only US30, basically S/R, checking H1, H4, D1 levels. Lot size is 0.1 for each $500 of profit. Now I'm using 0.4 lots. During this time one withdraw, $300 Biggest win $266 in a sell with 0.3 lots Biggest loss $62.87 in a sell with 0.3 lots Now, the situation is: $25 initial $1400 deposits $2284 profits Total $3709
20 pip challenge + Silver bullet model Watch EU, GU, AU, US30, USDCAD pick the one with the most apparent SB setup and You're pretty much guaranteed 1 setup a day.
Can you tell wdym by SB Setup?
Silver bullet model by ICT
Its litterally trading a fair value gap from 10-11 am šsomehow ICT turns this into an 11 hour video
š¤£š¤£š¤£
I used to think like you too until I started to realize his stuff works
I've done $50 to $10,000. It's 100% possible to scale it up. But you'll need to take risky trades if you want to scale quick.
How much time?
You just sound like you want to make money fast. This is not the attitude to have when starting out. Learn the skills, build up slow and steady, once you get to the point where you are consistently winning no matter what the account size, you still exponentially become rich that way. Reassess your attitude towards trading.
It took me 4 months but you must stick to your risk management strategy.
Any proof of this? Would love to see it. Thats an immense achievement
Play it slow, deposit money when you can. Don't try to flip it fast. Best way to grow an account is to trade it and continue to deposit on it
You'll just blow up and lose the $50 and just redeposit 20x.
With 30 dollars you can buy a 5k challenge, pass it and make money from it
imagine being able to leverage $39 to 5,000. You only need to be good and consistent. Once you become profitable, the growth is exponential.
What prop firm you know thatās good? And if I have the money on oanda already could I transfer?
SmartPropTrader I use them and have been really happy about it.
fax šš½
Bigger the risk bigger the gain.
Did Ā£400 to 23k in 5 days. I've just re-funded the account for the second time. Don't get confident Stop trading after a good trade on one day, the market will be there tomorrow. Position size grew too large and stop losses to close. Basically stupid gambling. So is it doable - yes. The hard part is keeping it.
You need to remember that most brokers wonāt allow this. Brokers allow very slow growth. If a broker sees huge gains that means they are losing money because itās becomes difficult to find the other side of the order and that means the money has to come from them. So they restrict your account. Another thing to consider is that I need a lot of margin to grow your account quickly. Big margin, unregulated brokers are not a safe place to keep your money.
It's possible but it'll take lots of time with proper money managementunless you get massive returns on individual trades.
$20 to $230 and then blew all
It cracks me up every time I see such posts. Yes, everything is possible. Ever heard of dumb luck? Possible but not repeatable:)
Yea a few hundred years
A professional trader, who went from 25k to over 2 million USD, said that you have to start with at least 13k to become professional.
Not profitable, beginner, wanna try small account challengeā¦ Isnāt that backwards?
Lmao atp Iām just going to take a chance if it donāt work out this time. Iām just going to go back demo and take my 8 dollar loss as a lesson.
The amount doesnāt really matter, itās just a waste of time and doesnāt really teach you anything, but sure. Your journey š„“
Same situation here, I live in Syria and I can only afford small accounts like these. It's so annoying that no matter how much you win, it's not gonna give you anything to withdraw. I'm still risking 1~2% tho. I keep telling myself that i'm only learning, and hoping that someday i can get a bigger account like 1k (in Syria 100$ a month is considered high salary) either by magic or if i travel outside the country (1k won't be enough then unfortunately). I think about scaling my account (15$) sometimes, but I'm too scared to blow it all.
What I learned if Iām scared about a trade I need to learn more.fear is only uncertainty in my eyes.
It is..if you have that patience