The Race

[thalestrader 14]

Dude, its just a flesh wound.

 

 

Will you guys consider extending the projected end date?

 

I think I'll be willing to keep slugging away so long as no one has hit the million dollar mark, so while I do think it may be possible for someone to get there in twenty weeks, I think odds favor an extension.

 

Best Wishes,

 

Thales

[sicktrader 10]

I enjoy the race aspect, but for me I will keep on going to a mil no matter if the race ends or not. Over the years I have seen numerous threads that one needs 5K, 20K, or 50K to start trading. I would like myself and others to prove that false. I am posted as starting the Race at $941, but the week before I only had about $620 in this account, so perhaps it could be an event that helps others to think a bit differently. At the same time, I could blow this out and be forced to posting to this site through a proxy.

[amswak 10]

I, too, will keep doing this until I succeed. I enjoy the challenge and, as crazy as it sounds, turning $1k to $1mil isn't even my most ambitious or seemingly impossible life goal...

[Attila 10]

You guys realize the very volatility needed to even sniff 1mil is the same volatility a small account should avoid?.. May give it a shot..

[fxThunder 10]

Better day today...

 

Cheers,

fxT

[sicktrader 10]

Here is another live call. In long on the AUS at .8933. Small trade, target is at 8947, stop is at 8918.

[sicktrader 10]

And how appropriate. With my 150th post, and now a certified "Premium Member", I would just like to say......

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Winner, Winner, Chicken Dinner.

[sicktrader 10]

Followed that AUS with a 28 point EUR win. Done until the AM. Good Luck.

[yeaheah 10]

Sorry guys no trades this week anymore.No time.

 

But next week i will try to make the first 1000%

[fxThunder 10]

I have commented before that I may fund a MB trading account with $3000 and trade for "the race" from that account. After having tested MB I have in fact decided to make that account my main trading account and will keep on trading the FXCM account in the race.

 

A comment on my strategy, I did go down a timeframe last week to try and capture more trades - this did not do my cause any good however. I will (hopefully) grow this account a little more and then just up size with my regular trading strategy to see how close I can get to the million dollar mark.

 

All things being equal I may continue trading this account here should the 20 week period lapse and the target not have been reached. It may just prove to all the naysayers just what can really be done with a small account.

 

My daily statement also included herewith. Following my standard conservative strategy (with last weeks unneccesary losses also accounted for) this little account is now up by more or less 30% in 3 weeks. It can be done....

 

 

Cheers,

fxT

[daedalus 10]

Guys i'm going to have to withdraw. I've just accepted a position at a prop firm in Chicago and will be very busy packing, relocating, and then trading new methods at the firm.

 

I am sorry I wasn't able to give you all a run for your money but I wish you all the best of luck!

[traderdxb 10]

Guys i'm going to have to withdraw. I've just accepted a position at a prop firm in Chicago and will be very busy packing, relocating, and then trading new methods at the firm.

 

I am sorry I wasn't able to give you all a run for your money but I wish you all the best of luck!

 

Best of luck with your new job man!

[Attila 10]

Ok I am in.. started with 1k even

[Cory2679 11]

Guys i'm going to have to withdraw. I've just accepted a position at a prop firm in Chicago and will be very busy packing, relocating, and then trading new methods at the firm.

 

I am sorry I wasn't able to give you all a run for your money but I wish you all the best of luck!

 

Very cool! Good luck!!

[sicktrader 10]

Here is my statement for yesterday. A good day, but a slow week. Only two trades thus far, and only one more possible.

[sicktrader 10]

I got into a trade that upon second look I should not have been in, so I quickly go out at even. Just lost my $6.42 comm.

[fxThunder 10]

Fridays results...

 

Cheers,

fxT

[FX_Cowboy 10]

Hey Guys,

 

I realize I'm starting a little late, but I'm in too. Attached is a screen shot of my beginning balance, which I intend to top up to (just below) $3,000 over the next few days. This should get me started though.

 

I'm looking forward to the coming 18 weeks!

 

Regards,

FX Cowboy

[sicktrader 10]

Welcome and good luck. Been pretty slow around here lately. Have a good week.

[sicktrader 10]

Thales,

 

Just a thought, and I don't really care either way. But, with a few dropouts and a bunch more entering the race, perhaps we could make the race 25-30 weeks or so. Yes, I'll admit that I have been slow out of the gate, but that is not my reason. Everyone here is under 3k in equity, so let the new kids have a shot. This thread will really get going when people are trading more than a single contract, should be fun. Anyway, I'm cool either way.

[bathrobe 10]

I am leaving for a vacation. This account has lost about 2k since the beginning :doh: of the race.

 

When I come back hopefully I will trade this account with confidence and patience, both of which I lacked so far.

 

Chris

[fxThunder 10]

Thales,

 

Just a thought, and I don't really care either way. But, with a few dropouts and a bunch more entering the race, perhaps we could make the race 25-30 weeks or so. Yes, I'll admit that I have been slow out of the gate, but that is not my reason. Everyone here is under 3k in equity, so let the new kids have a shot. This thread will really get going when people are trading more than a single contract, should be fun. Anyway, I'm cool either way.

 

I am also okay either way - it will take a bit of time to get the momo going....

 

cheers,

fxt

[thalestrader 14]

Tried posting this last night, but TL was down ...

 

Just a thought, and I don't really care either way. But, with a few dropouts and a bunch more entering the race, perhaps we could make the race 25-30 weeks or so.... Everyone here is under 3k in equity, so let the new kids have a shot...

 

I'm fine with that, Sicko. I have said from the beginning that anyone can join in at anytime. I'll likely need more time myself, as I am now booked solid with work through June 3. My business is now overbooked, but I am also understaffed due to the recession. While I'd love to hire another technician or two more, I am hesitant to do so as I do not want to hire someone just to find I have to let the him or her go six months from now. If this recovery looks like it is going to stick, I'll staff up, but for now, I'm back in the trenches, so my trading is on hold.

 

I have been watching the Tokyo AM session, but there just has not been anything there based on the system I am using in this small account with respect to the 6E, and even the 6J has not yielded much by the way of opportunity during those few hours. The 6A has done some moving, but I hesitate to try day trading a contract that I have always used for swing trades. The one thing that has been moving is my daughter's beloved EURJPY. We have two FXCM micro accounts, one that she trades, and one that she and I had done some things in last year. Perhaps, if there are no objections, I could fund that account and at least trade the EJ while I am unable to trade the NY AM. The only other choice I have would be to get up at 2 AM and trade Frankfurt/London. But I like sleeping, and do not like exhaustion. If I were to add the micro account, I would count each account as a separate entry. How's that sound?

 

Also, we have a Girl Scout event at Dorney Park tomorrow, so while I have all the numbers in, I will still not be able to get the weekly summary updated and posted until Sunday.

 

As it stands, Daedalus has formally withdrawn, and Enoch and ADarkerRattling Me are assumed to have withdrawn by their silence.

 

Additions include Attila and fxCowboy. If I am missing anyone, please PM me, and I will be sure to get you included in The Race's roster.

 

Best Wishes,

 

Thales

[fxThunder 10]

Tried posting this last night, but TL was down ...

 

 

 

.... The one thing that has been moving is my daughter's beloved EURJPY. We have two FXCM micro accounts, one that she trades, and one that she and I had done some things in last year. Perhaps, if there are no objections, I could fund that account and at least trade the EJ while I am unable to trade the NY AM. The only other choice I have would be to get up at 2 AM and trade Frankfurt/London. But I like sleeping, and do not like exhaustion. If I were to add the micro account, I would count each account as a separate entry. How's that sound?.....

 

all good with me...

 

cheers,

fxT

[yeaheah 10]

Weekly statements:

 

Oanda:

 

 

Exness:

 

Coming week i have to make some huge profit.