[Journey] Turning $30 into $10k through Gold Trading

GNews

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This is an A1 post. Great share in the community.
A lot of people should try to follow your moves.

$30 to $10k is ambitious but very possible
 

engedi05

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Day 11: Profit $36.37, Balance $173.51

Screenshot_20220706-011515.jpg

Screenshot_20220706-011546.jpg

Today was a bit crazy. The Gold was moving down drastically. You can check the Gold chart. I was long because the 4h and 1h chart are still quite bullish during Tokyo market. Once it enters London open, the trend has changed. My positions were closed due to the stop loss. The trend has changed to bearish. I was looking only for selling opportunity.

I managed to open sell orders and closed them once I made the profit. It was also because I was busy with other things that it is safer to close position.

Little that I knew, the price went south for another 3000pips. If I did not close my orders, it could make me about another $210.

It is ok. Just not my fortune. Always there is another day.
 

Goat10

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Just a quick question. Do you go all-in & do you use leverage? What's your risk management system.

And what timeframe do you normally trade?
 

engedi05

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This is an A1 post. Great share in the community.
A lot of people should try to follow your moves.

$30 to $10k is ambitious but very possible
Tq for the encouragement. I hope everyone is earning.

Just a quick question. Do you go all-in & do you use leverage? What's your risk management system.

And what timeframe do you normally trade?
Not all in. When I start with $30, it is really the matter of luck because one trade can possibly kill the account. As the account grow, I have more breather. On general, I am still risking too much money on every trade because the balance is small.

What good is that my wins are more than my loss.

I usually use h4 and h1. I think it is enough to trade slowly and steadily. I am not a fast person. I set pending orders and do not use market orders.

doable. keep it up bro.
I was wondering what broker you are with and your leverage ?
Boldprime with 1:2000 leverage.
 

engedi05

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Can you share your signal?

If this experiment is successful, I might think of providing paid signal service or copy trading service. It depends on the demand. It will be nice to earn extra income with the skill.
 

Ithetona

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I'm interested in trading forex, but I hear a lot stories of people losing money quickly. It scares me.
 

engedi05

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i wish you all the best to reach asap your goal
Thank you for your best wishes.
I'm interested in trading forex, but I hear a lot stories of people losing money quickly. It scares me.
Yes, in fact, if you go to the forex broker websites, they clearly stated that 90% of the retail traders (you and I) lost their money. There are a lot of factors to it. One of them is being greedy. Being greedy can cause us to open bigger lots sizes more than we can afford. I am not gonna lie, I have been there and lost thousands in forex. That's also one way to learn. If you want to trade forex, you can start with a demo account first. Patience is the key.
 

Bulldawgg

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Pure price action. Determine the trend, draw support and resistance line, trend line if applicable, multiple entry points. Be flexible and secure the profit if the chart shows reversal move. Opportunity is all the time in Gold Trading.


Thank you for your encouragement. Appreciate it a lot.


You can start with low capital first. But if you are new to trading, it is better to try the demo account first. Good thing does come easy.


Thank you for the offer. I better stick to my own strategy. Too many cooks will spoil the soup.


I am using Boldprime. It is definitely easier to use higher balance but it won't excite me. I believe we should earn our way up. My goal is to transform really small capital into big one.
okay matte
 

fashkay

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Following this trend religiously hope to see you hit the 10k soon
 

N1ckG2

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Are you considering trading with a bot / script to avoid emotional decisions?
 

CR48haha

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I am trading price action. Basically using the naked chart and draw support and resistance lines. Trendline and candlestick formation also help.

This is my personal journey, posting the screenshots itself took me sometimes to do it. I will be happy if it is appreciated. :)
appreciated,
 

Quam

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Is it possible for me to follow your trade, I'm just starting with trading and I use signals
 
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