$250.00 to $40,000.00 in 6 weeks!

[tollbridge]

I would sincerely like to apologize to the forum last night for making the claim that I was studying a Doctorate at University and had qualifications which I don't. I was simply frustrated that nobody at first believed what I had done. It was almost immediately dismissed.

My trading tactics are extremely high risk, I admit that. But that doesn't mean a huge element of stress and hard work goes into making that sort of money. There is some skill involved, as to how much remains a question that only someone who has traded binaries can answer.

I did utilize known T/A patterns on a charting program separate to my broker which instructed me when to place the trades. These patterns could not simply be picked up by your average Joe Blow.

Additionally, how many of you could seriously put $20,000 on a binary trade? Is it stupidity? Recklessness? Or do you simply trust your trading skills enough to know that the chances of gaining a profit are much more than taking a loss?

I like this forum, I apologize for lying regarding my qualifications, but my claims regarding my funds were true.

 

[burglar]

I would sincerely like to apologize to the forum ...

I too, would sincerely like you to apologize to the forum ...

I'm Solly ...


P.S.
I'm a loser.
You're not selling anything.
Why do you need my acceptance?

 

[skyQuake]

Additionally, how many of you could seriously put $20,000 on a binary trade? Is it stupidity? Recklessness? Or do you simply trust your trading skills enough to know that the chances of gaining a profit are much more than taking a loss?

If you keep going all in on roulette, you'll go bust sooner or later. But if you're lucky you can run into some pretty high scores...

There is in fact an optimal way to play it.

http://en.wikipedia.org/wiki/Kelly_criterion

 

[tollbridge]

If you keep going all in on roulette, you'll go bust sooner or later. But if you're lucky you can run into some pretty high scores...

There is in fact an optimal way to play it.

http://en.wikipedia.org/wiki/Kelly_criterion

Please note that the strategy I use isn't all in, all in, all in etc. The first trade is always 2% available capital = fail then 5% available capital = fail then 10% available capital etc.

From now on

The past month and a bit has just been good luck with a little bit of skill, sort of like those toy machines where you spend a dollar for a football or soft toy.

 

[skyQuake]

Please note that the strategy I use isn't all in, all in, all in etc. The first trade is always 2% available capital = fail then 5% available capital = fail then 10% available capital etc.

From now on

The past month and a bit has just been good luck with a little bit of skill, sort of like those toy machines where you spend a dollar for a football or soft toy.

Martingale strats dont work that well in the long run

 

[skc]

Additionally, how many of you could seriously put $20,000 on a binary trade? Is it stupidity? Recklessness? Or do you simply trust your trading skills enough to know that the chances of gaining a profit are much more than taking a loss?

There may be some skill, but it doesn't matter. Even if you are the most skilled trader in the world, sometimes the market will just do things that's beyond your expectation. Especially the fact that you are trading binary... not only you have to be correct, you have to be correct within a certain timeframe. $20k is clearly very meaningful money to you... so to risk it in this manner is utterly reckless.

Martingale strats dont work that well in the long run

Not to mention there's a table limit with IG.

I feel happy about it, I wanted to share my happiness.
Sorry guys, way to turn a good story into a bummer I know.

I do share your happiness. Seriously.

I started trading when I was 14 years old in and out of High School. I always wanted $10,000 to start trading properly with, but was never able to get it. I tried in vein with the small amounts I had ($2,000) but always lost.

Now you have it. Let's say it's through good skill and no bad luck. Now go and manage it properly. You want to trade in a way that bad luck doesn't ruin everything.

P.S. You should have taken your Mum with you on the holiday.

 

[tollbridge]

It is interesting though and it will always fascinate me the way people relate emotionally to their money. I take the view that if I lose it all, all I've really lost was Mum's $250. Maybe it's this mindframe that enables me to take on such high risk trades. I don't have $45000.00 until it's sitting in a bank account. Until then, for me, it's just a number, it's not worth anything, just an arbitrary number on the screen.

 

[pinkboy]

Do you live with mummy?

pinkboy

 

[McLovin]

It is interesting though and it will always fascinate me the way people relate emotionally to their money. I take the view that if I lose it all, all I've really lost was Mum's $250. Maybe it's this mindframe that enables me to take on such high risk trades. I don't have $45000.00 until it's sitting in a bank account. Until then, for me, it's just a number, it's not worth anything, just an arbitrary number on the screen.

To be honest, your "mindframe" sounds like someone with a gambling problem. Wins big, blows it on business class flight to the Goldie and books a suite at Versace, convinced that it's repeatable and the next win will be even bigger.

You're detached from the money when you're winning but when you lost $15k you felt physically sick. Now you say if you lose it all it doesn't worry you.

 

[Julia]

Yo and and DH70 should team up!
pinkboy

I had the same thought, pb.

However, after reading through the thread (and acknowledging that my view will be in a minority) I'm feeling somewhat sorry for Tollbridge. Probably most of us at some stage in our lives have wanted others to like or admire us. Most of us won't lie to achieve that end.

So when someone does and then experiences the humiliation of being exposed, it must feel pretty awful.
I don't think anyone with a reasonable level of psychological health would do it, so hope, Tollbridge, you will perhaps look into talking to a suitably qualified person about the reckless risk taking and the unusual level of need for admiration. I hope the future is better for you.

 

[minwa]

To be honest, your "mindframe" sounds like someone with a gambling problem. Wins big, blows it on business class flight to the Goldie and books a suite at Versace, convinced that it's repeatable and the next win will be even bigger.

You're detached from the money when you're winning but when you lost $15k you felt physically sick. Now you say if you lose it all it doesn't worry you.

Haha..

It is interesting though and it will always fascinate me the way people relate emotionally to their money. I take the view that if I lose it all, all I've really lost was Mum's $250. Maybe it's this mindframe that enables me to take on such high risk trades. I don't have $45000.00 until it's sitting in a bank account. Until then, for me, it's just a number, it's not worth anything, just an arbitrary number on the screen.

At one point I was sitting on $15,000.00 and put the whole lot on a long position which for 4 minutes was in my favor only to close out below my opening price. I lost $15,000 in one day and I felt violently sick. I thought what the hell was I thinking, $15,000 gone.

I wanted to turn the $2,000 back into the $15,000 I had lost the previous day.

You felt "violently sick" at the "arbitrary number on the screen that's not worth anything" yet you find it fascinating at the way other people relate emotionally to their money ?? Sooo is this just another lie that you should own up to ?? How many more will we uncover ??

 

[tollbridge]

Haha..






You felt "violently sick" at the "arbitrary number on the screen that's not worth anything" yet you find it fascinating at the way other people relate emotionally to their money ?? Sooo is this just another lie that you should own up to ?? How many more will we uncover ??

No, this is good therapy for me. I made another $10,000 today for a total balance of $50,000.00. Happy to provide proof if required. I'm not a gambler, I'm a trader! Difference being that I use technical analysis and fundamental analysis to assist me. High risk, emotion, huge profits and losses call it whatever you want - I call it trading.

 

[trainspotter]

Macquarie bank is recruiting ... maybe you should apply?

 

[galumay]

The powers of self delusion should never be underestimated.

 

[barney]

No, this is good therapy for me. I made another $10,000 today for a total balance of $50,000.00. Happy to provide proof if required. I'm not a gambler, I'm a trader! Difference being that I use technical analysis and fundamental analysis to assist me. High risk, emotion, huge profits and losses call it whatever you want - I call it trading.

Howdy Toll, been reading the thread with a lot of interest, and good luck to you if you have done as well as it appears ....

A few of us here may remember a young guy called Ivant who came on ASF telling everyone he had turned a miniscule amount of cash into over $400,000 ...... Pretty much no-one believed him (except for "Cartman" as I recall)

As it turned out, he had actually made close to half a million dollars in his "verified" IG account .....

Once this was shown to be true, everyone pretty much to a tee "suggested" to Ivan ....... Put the bulk of your winnings aside and start again with a small percentage of your winnings and do it over again ... ie. don't risk stuffing up the good work ....

I'm certainly not going to give someone who can turn $250 into $50K advice ..... however, ....... perhaps consider young Ivan who didn't listen to anyone's advice ..... At last call I think he was bleeding $500 per tick on the SPI and had lost over 75% of his winnings before he retreated into the shadows

I'd suggest that you may have come across a system which has an extremely high % win rate (at the moment) ..... Maybe consider banking 80% of that and splitting the other 10K into 5 X 2K Banks and doing it all again ....... If your luck runs out you only lose the 10K ..... If you are onto something special ..... just enjoy the ride:freak3:

Good luck either way

 

[minwa]

No, this is good therapy for me. I made another $10,000 today for a total balance of $50,000.00. Happy to provide proof if required. I'm not a gambler, I'm a trader! Difference being that I use technical analysis and fundamental analysis to assist me. High risk, emotion, huge profits and losses call it whatever you want - I call it trading.

So why were you violently sick when you were at a drawdown in "trading" ? That is the nail in the coffin that you were gambling. Argue it however you want - no one trading properly will get violently sick at a drawdown.

 

[skyQuake]

Howdy Toll, been reading the thread with a lot of interest, and good luck to you if you have done as well as it appears ....

A few of us here may remember a young guy called Ivant who came on ASF telling everyone he had turned a miniscule amount of cash into over $400,000 ...... Pretty much no-one believed him (except for "Cartman" as I recall)

As it turned out, he had actually made close to half a million dollars in his "verified" IG account .....

Once this was shown to be true, everyone pretty much to a tee "suggested" to Ivan ....... Put the bulk of your winnings aside and start again with a small percentage of your winnings and do it over again ... ie. don't risk stuffing up the good work ....

I'm certainly not going to give someone who can turn $250 into $50K advice ..... however, ....... perhaps consider young Ivan who didn't listen to anyone's advice ..... At last call I think he was bleeding $500 per tick on the SPI and had lost over 75% of his winnings before he retreated into the shadows

I'd suggest that you may have come across a system which has an extremely high % win rate (at the moment) ..... Maybe consider banking 80% of that and splitting the other 10K into 5 X 2K Banks and doing it all again ....... If your luck runs out you only lose the 10K ..... If you are onto something special ..... just enjoy the ride:freak3:

Good luck either way

https://www.aussiestockforums.com/forums/showthread.php?t=14967&page=2
https://www.aussiestockforums.com/forums/showthread.php?t=15319

Links are here on the threads, brings back memories

No, this is good therapy for me. I made another $10,000 today for a total balance of $50,000.00. Happy to provide proof if required. I'm not a gambler, I'm a trader! Difference being that I use technical analysis and fundamental analysis to assist me.

Good on ya. Now take out 25k and do what you want with the rest. At least now u have something to show for your effort if you give it back.

High risk, emotion, huge profits and losses call it whatever you want - I call it trading.

Note that anxiety, and high challenge level is caused by low skill.

Profit is from pure variance. Low skill will hurt you sooner or later.

 

[minwa]

Note that anxiety, and high challenge level is caused by low skill.

Profit is from pure variance. Low skill will hurt you sooner or later.

Well he's a master emotionally free "trader". He only sees numbers on screens, the way he sees it if he loses he only loses his mum's $250. So he won't get "hurt" but he might get violently sick in the process like he did before, in addition to his already poor physical health that's not fit for work but good for flying and going on holidays.

 

[tollbridge]

Thank you all for your advice. I've decided to BANK $40,000.00 and leave $10,000.00 in the trading account.

Every time I reach $30,000.00 I'm going to BANK $20,000.00 and continue to leave $10,000.00 in the trading account.

I'll see how many times I can do this and hopefully buy myself an apartment and a car in the not too distant future.

 

[tollbridge]

And seriously, why all the hate? I'm just stating what I've made which are pretty good results are they not? Does my narcissistic personality really justify graphical evidence to prove how low my skill is and how much or a terrible trader I am? How about the $X that I've given to charity that I've never been able to do before.

Thank you for those with genuine suggestions, to the rest of you jealous idiots - get a life!