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$250.00 to $40,000.00 in 6 weeks!

Discussion in 'Trading Strategies/Systems' started by tollbridge, Aug 14, 2014.

  1. tollbridge

    tollbridge

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    Dear ASF

    Seriously, after working full-time in another industry for a while I decided to return back to trading and timed it to the beginning of the financial year. I am physically unwell which is a lot of the reason why I returned back to trading (it allows me to rest when I need to) and simply wanted income to pay the bills. I knew that I had the experience to be able to consistently make around $1000.00 a week which was comparable to what I was making working for somebody else.

    Nothing could have prepared me for what happened next.

    I made an initial deposit of $252.00 (the extra $2.00 was to cover a credit card fee which I didn't actually have to pay) and also had $125.55 left over from the last time I traded. I noted that my broker now has a Sprint Trade facility which initially I thought was gimmicky and very easily able to be altered by the broker, never the less I put the $252.00 along with the $125.55 "on red" when I saw an opportunity and the return was $631.00 after 5 minutes. Not bad for a mornings trade, I continued on with this "Sprint Market" machine and each morning when I felt well enough placed fairly high risk trades. 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. For some strange reason I had withdrawn $2,000 earlier that morning and that was cash in transit to my bank account. I made a conscious decision. I said to myself:

    - I am a trader, this is what I do.
    - I am a good trader, successful and able to work with the market to generate strong returns.
    - The market is as much mine as it is anybody else's.

    I wanted to turn the $2,000 back into the $15,000 I had lost the previous day. In the morning I put on a suit and dressed as if I was going to work. I actually felt confident, I knew I could do it. All I needed was 5 successful, concurrent trades. I did it.

    I am now sitting on just under $40,000. I have dramatically reduced my risk appetite but it is so nice to have enough money to generate a consistent profit whilst also saving for a house.

    Trading is awesome.

    Shrek.
     
  2. Porper

    Porper Ralph Nelson Elliott

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    And you don't even look Nigerian...lol
     
  3. tollbridge

    tollbridge

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    I should also mention that the original $250.00 investment was provided by my mother. She knew from previous experiences that I could at least make some return, she's thrilled with this. I hope she shares some of it with me. I love you Mum!
     
  4. darkhorse70

    darkhorse70

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    hahahahaha proper
     
  5. burglar

    burglar

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    So you were lucky!

    Why tell me about it?
     
  6. tech/a

    tech/a No Ordinary Duck

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    Between the lines.
     
  7. tollbridge

    tollbridge

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    Also as much as I love my broker, in general please be aware of the risks involved with all binary products. Look out for the actual premium which in my case seemed to diminish the further up I went until I was trying to place $35,000 binary trades and I got the exact message "Rejected: Size Not Good in Underlying Market".

    proof.jpg
     
  8. tollbridge

    tollbridge

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    Ok, so I deposited the $250.00 that my mother gave me and then used binaries to turn that $250.00 into $40,000.00 over the course of six weeks. During this time I used a combination of technical and fundamental analysis including the timing of 2x RBA interest rate decisions in addition to other company reports which I knew would move the market. I have a Bloomberg Professional Subscription which also helped considerably.

    What have you been doing?
     
  9. tollbridge

    tollbridge

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    Exactly, big lesson regarding risk management.
     
  10. systematic

    systematic

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    Whilst I totally appreciate where the other posters are coming from (believe you me, I do!)...I've decided to post on a different note, and say....

    Ah, good on ya!

    Sure - what you've done has no meaning in a statistical sense, doesn't prove your ability as a trade; and in fact - will feed a normal bias now that will have you feeling like you are king of the world and can do this again (and again).....and sure, if you do so you'll probably blow up again...

    But good on ya anyway...from the point of view that sometimes it is the characters that make up the market that make it such an interesting place!

    And hey...do it! Overcome the bias and be a "sensible trader" from now on...use that 40k instant win to do something sensible!

    You've done no better or worse than others who take a couple grand to the track or casino and have a lucky day. Enjoy it. Just don't believe what you're probably telling yourself...and do something great with those winnings. You probably won't (if I was a punter, I'd put a small wager on it)...but hey, prove me wrong...I sincerely hope that you do!!!
     
  11. trainspotter

    trainspotter

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    Another reason I don't come in here much but I do get some amusement out of posts like this one. :rolleyes:
     
  12. burglar

    burglar

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    I'm a loser!
     
  13. pinkboy

    pinkboy

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    /pinkboy shorts burgler immidiately in light of hope of a huge payday!

    /pinkboy counts his profits on his first 'take profit'

    /burgler retains his loser status!

    :p::p::p:



    pinkboy
     
  14. systematic

    systematic

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    ...and by interesting characters I mean stuff like the stories that become folklore. Like Richard Dennis borrowing $1,200 and having $400 left (about $2.5k in today's dollars) after paying his exchange fees....after trading that up to $3k he got to $100k only about three years later...and within the next couple years became a millionaire. This was the early 70's so a million meant something (about 6 mil in todays dollars). He was only 26yo and been trading maybe 5 years. By the end of the decade / early 80's he reportedly made $200 mill.

    Most of us aren't going to risk our retirement funds in that way...but they're still fun stories to hear!

    Maybe you're the Richard Dennis of the 2010's!
     
  15. systematic

    systematic

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    It might just be me...but they seem like some strange actions for someone who classifies themselves as a full-time independent trader (your profile)...and running an "investment services" business?
    http://www.tollbridge.com.au/ which says it is registered 2005?
    By the way - your blog link just goes to bloomberg, I had to search to find your posts here - just letting you know in case you want to fix it.
     
  16. VSntchr

    VSntchr

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    Had to have a laugh at this one. Kinda made me think of this guy, but opposite:
    https://www.youtube.com/watch?v=kHawmZbapjU#t=503


    :xyxthumbs
     
  17. systematic

    systematic

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    I remember that show! Wtaching that was a treat for a young fella interested in the markets!
     
  18. tollbridge

    tollbridge

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    There is nothing in that website that isn't true, but it's not really applicable today. I still treat my trading like a business, I just don't like to show it off as such due to the strong AFSL related laws. I've been looking overseas (the United States) for similar legislation and it just doesn't exist.

    I love my country, but I detest the fact that I can't shake my neighbors hand and tell him I'll do my best with a $5,000 investment because that's the field I call myself a professional in. It'd be the same as me paying $5,000 for him to do my roofing or cut a tree or do whatever else he or she can provide which I physically cannot.


     
  19. trainspotter

    trainspotter

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    Ermmmm NO ! You are trading in securities and your neighbour is providing a service which is tangible.

    Hey I tell you what .. why don't you give me the $40,000 you have made trading and I will "invest" it for you in an aquatic venture involving 258 acres of "A" Class reserve in the middle of the ocean with a disclosure statement blaming the vagrancies of the ocean for any future losses. :cool:

    (PLACE TONGUE IN CHEEK FIRMLY HERE)
     
  20. galumay

    galumay learner

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    Methinks there is an "R" missing in your username, looks like a few of us have fallen for it too!

    (thankful we live in a country where shysters, scammers, gambling addicts and self proclaimed professionals are prevented from giving financial 'advice'.)
     
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