Two economists meet on the street.
One inquires, "How's your wife?"
The other responds, "Relative to what?"
-----
Thoughts specially for traders who've been in the battle for the last few weeks:
"Genius is only a greater aptitude for patience."--
George-Louis Leclerc de Buffon ('Buffon's needle problem' came from him, he is one of few Frenchmen I've appreciated.)
"The two most powerful warriors are patience and time."--
Leo Tolstoy (Brilliant inveterate gambler who wrote War and Peace)
"I am extraordinarily patient provided I get my own way in the end."--
Margaret Thatcher (I wish she were our president.)
Later this morning we will have the NFP (Non-farm Payroll) news. Perhaps that will trigger some OneNightStand trades. I wouldn't be surprised if they find out that projected job losses aren't as bad as they've thought.
More later....
JR
In this Forex blog I will take a REAL trading account of relatively insignificant size: $500.00-- and trade it so as to make it grow at a rate of more than 50% annually. The goal is $150K..., in significantly less than 10 years. Watch this blog for the volatility in return that is inevitable when a professional trading account is traded for serious capital gains. Follow along or just watch.
The Ultimate Forex Challenge!!! $500 to more than $150,000 in LESS THAN TEN YEARS?
With just a little reasoning you'll figure out that $500 to more than $150K in less than ten years is mathematically the same as turning $3500 into more than a Million....
This blog is detailing the journey of such a challenge with a real money account.
I personally KNOW it is possible, as I have traded the futures markets for many years, already exceeding this challenge's total return requirements on numerous occasions. And in much less time than a decade.
The only way large returns like this can happen is by determination and a solid plan, trading a definite market edge.
Follow this site for that plan in action.
Joel Rensink
www.infiniteyield.com
This blog is detailing the journey of such a challenge with a real money account.
I personally KNOW it is possible, as I have traded the futures markets for many years, already exceeding this challenge's total return requirements on numerous occasions. And in much less time than a decade.
The only way large returns like this can happen is by determination and a solid plan, trading a definite market edge.
Follow this site for that plan in action.
Joel Rensink
www.infiniteyield.com
About Me
- Joel
- I am a big believer in the concept of free will and self-determinism. I feel that consequences are necessary-- good and bad, for all individuals in a society--- for that society to remain healthy and continue vibrant., There are fewer sectors of an economy where that is true any longer. One of the remaining bright spots is in trading and investing, where an individual with a measure of capital can still risk and rise to relative greatness. I also believe that the longer one practices as a trader, the stronger your beliefs become about right and wrong and the risks of not making a decision, which is inevitably a decision.
Labels
- Early week
- End of Week Recap---
- Midweek
- Late week
- Recap
- FirstStrike entries
- Forex psychology
- 5 losses
- Big Week
- Forex Challenge - $500 to $150K
- Reader Responses
- Forex trading volatility
- Money Management
- $3 Silver Here Again
- $500 to $150K in 10 years or less
- End of Week
- Large Recap
- Useful Phenomena--
- $3
- 000 Milestone Hit
- 5 trades
- 50% Gain Milestone hit in 105 days of trading.
- 677% Annual average return
- Clarification to Order execution times
- Correction about Nancy Pelosi
- Daylight Savings time deviations
- Drawdowns- How big can you handle?
- FirstStrike History
- FirstStrike Volatility Adaptation
- Forex Challenge ingredients
- Forex Challenge start
- Friday
- Holiday Recap
- Holiday Trading Deviations
- I'm back--
- IFCN account--226.3 % Gain after 1 Year
- OneNightStand Profits
- Silver Opportunity
- Silver Opportunity- 2
- Stop size change - ONS
- Taxes
Do YOU believe that it is POSSIBLE to DOUBLE a small Forex account 8 times in less than 10 years?
The Infiniteyield Forex Blog links to cool Trader Resources!!!
Link Exchange!
Link Market - Free Link Exchange, Link Swap and Link Trade Directory
Have you ever tried to exchange links, swap links, or trade links? Was it hard? Use link market instead; - it is easy to use, free and very smart. It will save you hours of work.
Have you ever tried to exchange links, swap links, or trade links? Was it hard? Use link market instead; - it is easy to use, free and very smart. It will save you hours of work.
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