Thread: FROM $1M to $1000 in 2008

Hi,

that I am going to try to flip $1M into $1000. Since everytime somebody here makes a post I shall turn $1000 into $1M in 1 year and fails I figured I shall try out the opposite.


Of course I'm trying this with play money but is an interesting exercise.

I will not be permitted more than 1 transaction per day to do that.

EDIT: I will also limit the risk per transaction to 5 percent

BOUGHT 100 lots @ 1.4725.
TP @ 1.4800
SL @ 1.4550

1.4750 level ought to be a good resistance

I wish brokers had reverse trailing stops...

(trailing entry?)

I believe you will sucses... give us the specifics how u

can do it... tradejust with 1 lot size.

Okay I just realized I was risking more than 5% but I was just limiting how much I can win.

Well... I can play it by ear but attempt and never risk to get as well as risk to lose more than 5%...

I will leave this transaction open.

Sell 100 @ 1.4675
Sl @ 1.4775
Tp @ 1.4575

That's an intriguing idea. Should be quite easy to achieve if you're using leverage, would you intend to?

Going long say GBP/JPY with anything higher than 30:1 would've accomplished your goal of a 99% reduction rather quickly just today .

Originally Posted by ;

EDIT: I will also restrict the risk per trade to 5 percent

I did not see this edit in the beginning. Darn, that takes away the easy path. Fantastic luck in your project!