Do we really need Robots??

[sedakensearch]

Hi everyone!

I have been following Marc, and this forum for quite a while. I enjoyed reading forums and all the guys input in the forum is fun to read. All the members are helpful.

I live in London and i do not have lots of money to trade. I had some failures in the past but that has been good learning experience. From my experience in the market, I realise that instead of looking for 100+ pips it is easy to get 20/30 pips a day from market. Even in a quite day, 20 pip is quiet achievable. So i set daily target and trade every single day. I use multiple strategy to trade.

I reached 100 trading days this week on one of my account, which i have started on July 1st week. My initial deposit was 800$ , my daily target is 2.5% (which gave me 20$ a day initially). I traded 1 mini lot as my account size grow i increased my lot size. Now i trade 1standard lot. After 100 days my account balance has grown by 1000% .

As my initial deposit was small, i set target of earning 2.5% a day . Once i reach 10K i will reduce my daily target to 2% of my account size. If every thing goes as per plan i will make 6000%+ of my initial deposit in Year1 (based on 200 trading days). Not bad as i still consider myself as novice trader.

When i started, my target was to make 20-30$ a day. It was very attractive as i only earn 60$ a day from my days job. Now i make 200$ a day. To monitor my target i use excel spreadsheet.

I think Key things are discipline, trading in right zones and to know when to get out & trading Forex is my first business.......

Have fun,
Sedak, london

"The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will."

[capsmart]

Excellent Sedak,
I am glad you are doing fine. This is a very good approach.
If you continue like this in a matter of months you will be able to stop working and enjoy your life by a sunny beach without having to work for a miserable 60$ a day.
Banks will kill to hire you as a head trader.
If you want to make your statement much more powerful it will be good to attach a copy of your real account and not a spreadsheet printout.
Have a nice week.

[tmaa13]

I'm glad to hear about your positive outcome sedak, it won't be long and you won't have to deal with 60/day rates anymore. thanks for the post. it was inspiring