Topic: amazing profit from a trade (Read 331 times)

Bruh, I did it with $200 position on indices. I profited as much as I lost.

And the leverages were freaking high too.

yeah,if anyone know about it properly and trade correct time then they will easily earn more profit. Its not all about your luck. You have to be know it properly. A good amount of profit you can easily earn from trade.

The answer to this question is no.
He would probably not do such a risky trade (not in terms of money) and he would not have ever achieved such a huge ROI. This amazing trade came because there were little money risked.

So im back with news, i made a 5 dollar loss today. using the same strategy. honestly, i got lucky to have lost only 5 bucks. as i had set a stop loss and the prices went up high further.  at some point i had 3 usd pl but i didnt take it and ended up instead with a loss.
but this isnt the end , i will recover...

hey thanks dude , i tried selling at weeks low. i thought that it wouldnt possibly get lower than that point (but i couldve been wrong)
https://imgur.com/a/BtH2llr

and i later sold at 5989, not the weeks high but still a good profit (around here) https://imgur.com/a/RYh2ziC ( i also analyzed support and resistance levels)

now im aiming to sell at 61460 and have set my stop loss at 61950 , its a bit risky as prices are recovering above 50 percent of the decline from the corona virus (i read somewhere that if the prices finish above 50 percent of the decline, it would be a bullish sign and that almost all of the crashes from the last century till now, those of them that continued to be bearish didnt recover above 50 percent retracement of the decline)
 (SOURCE: https://www.dailyforex.com/forex-articles/2020/04/is-the-stock-market-crash-of-2020-over/136355)
its getting back to where it used to be during march and im thinking if the prices i set will act as support or get rejected, what im doing is a bit risky i think... id like to know your thoughts.... what do you guys think?? i think we are at a very critical point

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Treading is about 999% profit
Its realy awesome
  

I would do $20k trades if I had billions lying around haha

Wow very great buddy! It's pretty high profit as a trader, usually trader only earn a bit but continuously. What's your strategy and analysis to make that's huge profit? Kindly sharing the tips, maybe I can get it next time after learn from your strategy

thanks for your kind words, yeah im still learning and have a lot left to learn.

Well congrats for the profit. Having a successful trades whether its a small or big profit doesnt matter because the fact that you earn its an achievement already.

Yes we need to control our emotions, dont decide base on what you feel. Analyze the situation to have a judgement what decision is best for your trade.

That is right. They don't learn about how the market moves, so they panic if something happens at the market. If someone can trade carefully and he always analyze before the trade, I think he can make a profit more than the other traders. And maybe, that person will have a chance to get the profit daily. That will need more skills to get daily profit because we need to analyze the market deeper than usual.

You're not alone, I had my fair share of losses too. The nagging feeling of to wating to let go off a losing position because you always thought it would rebound and the next thing you knew, stop loss triggered.

yeah, actually prior to this account ive had an 8 usd account which i built up till 18.50 then i lost 3 usd on a trade, i quickly bought again thinking that prices wont possibly drop further, they did and i lost the rest of my balance on another trade, i didnt set a stop loss cuz i didnt believe it would drop further and drop further it did and i got really pissed off,

so i deposited another 12 usd to retrieve my losses and i lost that 12 dollars as well by a little margin.

 the prices would stop dropping further right when i was wiped out and they went higher later, much higher and if i hadnt lost all my balance it would make a 200 usd profit, i guess i learnt this the hard way, self discipline is very important in trading. i still have a longg way to goo...

i recently made a 3 usd trade on crude which was a loss, what i did was i closed my browser and stayed away from the computer , and then when things cooled off a bit i made a 2 usd profit trading the day after, and the day after that i made the huge 11 usd profit which was awesome.

now when i made that 3 usd trade on crude, had i placed another desperate trade in hopes to recover my losses (which i was very tempted to do so) i wouldve probably lost the rest of my balance but i controlled myself this time and the losses were indeed retrieved...
what i mean is its very important to control those wild emotions...

It actually boils down to self-discipline. Even if one starts with 100 or 1 grand, if he/ she can't control or stand the minor losses, things won't pan out well.

Hey guys thanks for the information, i actually have saved just 200 dollars and thats what im planning to trade with, the thing is like you said it tempts one to risk more for a normal income. that is what im learning to do manage risks and keep my emotions in check to grow my capital little by little...
so glad to know that its possible to make a living out of it. as I was browsing the net i read some articles that most day trades lose over the long run but i deeply hope that its not true and that one can make a living out of it...

It's very popular in London as well (London can trade during the day on asian,european and american markets)

I would add to your comment that anyone who wants to day trade should:

• Start paper trading (you call your trades and write them down on paper) => you do this for 1-6 months to test different strategies, etc.
• Start with a capital of at least $25,000 (this will allow you to make decent profits with low risk margins)

Obviously you can also start with $5,000 - $10,000 to play it safe but this has one risk: you will get greedy and risk more to make what you
think is "normal income" so you will lose more.

Yes, of course, you can make a living out of day trading, but there are many things that you need to learn. You cannot get a stable income, but your income will vary depending on how good you trade. I know a few of my friends who use trading as their jobs, and they learn some analysis, learning about how to analyze the charts, and else. They can make a profit from that so I am sure you can do that too.

Hey thanks,  yeah id never do that with a 20000 account. i started this account with 5 dollars and using 1 percent of 5 bucks is like nothing, so i kinda had no choice but to use 10 percent of my margin to grow my capital so thats why the risk management turned out the way it did.  i traded forex and my leverage was x1000, i traded amount 2000 NZD/usd.
I analyzed the prices, previous weeks low and saw that the price was close to it so i decided to place a limit order close to previous weeks low and the next day i sold close to weeks high.
I analyzed the hourly, 30 mins, 4 hours, weekly chart. and i used the macd and rsi indicator. so i guess wasnt pure luck.
i think its  possible to lose more than you deposit but you wont lose much because the website automatically closes ur trades once your account margin finishes up, my account became -3 dollars at one point and all my trades were closed automatically by the website.


Hey thanks dude, yeah it made my day. so im taking the time off trading to cherish this achievement and one thing im worried about is that if its possible to make a living out of day trading, i mean thats dream. if i could have a stable income, it would be great...


yeah i learnt that the hard way, we should trade only with amounts we're comfortable with as things might get red and out of hand lol.

Then at this point it's better to use bitmex / binance and not risk someone coming after you for
being involuntarily -$10,000 overnight. The "losses may exceed investment" scheme can be
abused and involves HIGHLY relying on the exchange that they will close your position.

Yes, according to the Fees page