250 in 30!

I didn’t thought that i’m able to get that. At least, i haven’t really look into that yet. What’s that 250 in 30 all about? How about making US$250 in just 30 minutes? Yeah - not real money, it’s all play money. How? Forex lor…. tonight’s market is a little bit crazy. I almost fall off my seats looking at the chart going all the way up. Since i’m playing more like a day-trader, i closed all my positions when i get more than US$10, and i open another position.

I kept doing that like a clockwork. Of course - i look at where the market will lead me first - up or down. If it looks that it’s going up, then i’ll close one position and open another one almost immediately. And just now, within 30 short minutes, i have done 14 trades, making US$250 in play money. All the while still keeping another position open.

But it’s not all that rosy. There’s once where i have 2 open positions, with the amount at negative. To be exact, -US$500. But i kept on holding the positions, not closing them soon as from the trend, it’s still going quite strong upwards. To be frank, i almost lost my cool and throw my KVM switches down the apartment window when it touches US$500 negative, although it’s just play money.

For now, i’ve been playing with play money for about 1 month. Started off with US$5000 play money, and as of just now, i have a little more than US$7000 - play money of course. I’m still waiting for the right moment to start with real money. I hope by then, i’m not as nervous as i am now. Let’s see.

March 31, 2008 | Filed Under Forex 

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2 Responses to “250 in 30!”

  1. Nurul on May 15th, 2008 10:25 am

    Hi ashotiwoth,

    Have you move to real money? I’m also still playing with play money. Too nervous and wary to start with real money. I play only when i have time and usually manage to get around US$100 - US$200 daily. There was once i manage to get US$1000 after open and leave it for one night. The highest lost i got so far was US$6000 but it reduces after i leave it open for 3 days. Hope to do trading with real money next month. I actually find it’s fun to do forex trading. Really looking to do it.

    Good luck with yours

  2. ashotiwoth on May 16th, 2008 12:39 pm

    Hi nurul - yeah, i have moved to real money account - about 1 month now. Daunting at first, but getting used to it. Since it’s real money, i tend to read more into the trend before actually opening any positions.

    good luck with yours too, whenever you are ready to go into the real money account! :)

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