From $500 to $50,000 before 2027 operating in an audited real account

[carpediem10]

Hello everyone.

I'm starting this blog to document the evolution of a real trading account. The account began with $500 in the broker, and the idea is to transparently show its progress, with verifiable results through an audited account.

According to ChatGPT, MyFxbook is the most transparent platform, so I'll put the account there to make it public.



I started this process about a month and a half ago, so in the first few posts, I'll share a weekly summary from the beginning to provide context and show how the account has evolved.

Goal

The goal is to grow the account from $500 to $50,000 before the end of the year. Obviously, this is a VERY ambitious goal, and there's no guarantee of achieving it. Trading involves risk, and results can vary greatly, which is why I prefer to document it publicly and in a verifiable way.

How I'll update the log
For now, I'll be posting weekly summaries, including the opening and closing balances for each week, along with any relevant lessons learned or reflections.

I'll start by sharing the first few weeks to provide context from the beginning and to better illustrate the account's performance.

As a first lesson (a cliché that's hard to break), don't trade with anger or revenge against the market, but don't trade with fear either. It's one of those simple lessons, but one that can be very costly if ignored.

The intention is for this thread to serve as a public and organized record of the account's performance.

 

[JinkHost]

Very interesting! Out of curiosity, do you have any experience trading before?

 

[TKV AGENCY]

I'm looking forward to your next post to see how you've progressed, how much more money you're able to earn, and where your journey takes you.

 

[kaneisgod]

How long have you been trading for?

 

[carpediem10]

Very interesting! Out of curiosity, do you have any experience trading before?

I have limited trading experience, but there will be a professional team with years of experience behind the trades.

I'm looking forward to your next post to see how you've progressed, how much more money you're able to earn, and where your journey takes you.

Thank you so much for your support! I'll be posting the first update today!

How long have you been trading for?

The trading decisions that will be made are backed by over 10 years of trading experience.

 

[kaneisgod]

I have limited trading experience, but there will be a professional team with years of experience behind the trades.


Thank you so much for your support! I'll be posting the first update today!


The trading decisions that will be made are backed by over 10 years of trading experience

Is this someone you know personally has made 10 years from trading? Or someone selling you that? I don't mean to be disrespectful but I have been in Forex for over 10 years and very very very few people selling their services know what they are doing.

 

[carpediem10]

Is this someone you know personally has made 10 years from trading? Or someone selling you that? I don't mean to be disrespectful but I have been in Forex for over 10 years and very very very few people selling their services know what they are doing.

Don't worry, I completely understand. I've known that person for years because I've worked with him on other projects, and I hadn't dared to get into trading because I initially saw it as too risky; I didn't understand anything. I didn't say he's been making money in forex for 10 years, but rather that he's been doing it for 10 years, and he has had several years of positive returns. He also trades in partnership with other people, which is why he's more effective. For now, all I can say is sit back and watch me crash and burn or achieve my goal!

 

[carpediem10]

Alright, let’s begin.

Week 1 was a bit meh.

I deposited $510 into the broker, and there was a promotion where they doubled the deposited balance.
That extra balance was only operational capital. In other words, I could use it to trade if I lost the capital I had deposited, but I couldn’t withdraw it directly. I could only withdraw the profits generated from the trades, not the promotional capital itself. This gave me a bit more room to operate and allowed me to take slightly more risk than I had initially planned.



My initial idea was to trade twice a day: one trade on gold and one trade on the Dow Jones. I started on March 30 and finished on April 3, which means 5 trading days. In theory, that should have been 10 trades in total.



As you can see, I didn’t stick to my word at all, since I ended up taking 46 trades. Completely outside the original plan. The positive part is that, despite that, I still ended the week in profit, with a gain of $26.



As a lesson, and something I’ll probably repeat many times throughout this journal because I still struggle with it:

Don’t trade trying to get revenge on the market.

 

[kaneisgod]

Don't worry, I completely understand. I've known that person for years because I've worked with him on other projects, and I hadn't dared to get into trading because I initially saw it as too risky; I didn't understand anything. I didn't say he's been making money in forex for 10 years, but rather that he's been doing it for 10 years, and he has had several years of positive returns. He also trades in partnership with other people, which is why he's more effective. For now, all I can say is sit back and watch me crash and burn or achieve my goal!

I will be watching. Are you not going to demo trade first?

 

[kaneisgod]

Alright, let’s begin.

Week 1 was a bit meh.

I deposited $510 into the broker, and there was a promotion where they doubled the deposited balance.
That extra balance was only operational capital. In other words, I could use it to trade if I lost the capital I had deposited, but I couldn’t withdraw it directly. I could only withdraw the profits generated from the trades, not the promotional capital itself. This gave me a bit more room to operate and allowed me to take slightly more risk than I had initially planned.

View attachment 522941

My initial idea was to trade twice a day: one trade on gold and one trade on the Dow Jones. I started on March 30 and finished on April 3, which means 5 trading days. In theory, that should have been 10 trades in total.

View attachment 522943

As you can see, I didn’t stick to my word at all, since I ended up taking 46 trades. Completely outside the original plan. The positive part is that, despite that, I still ended the week in profit, with a gain of $26.

View attachment 522944View attachment 522946

As a lesson, and something I’ll probably repeat many times throughout this journal because I still struggle with it:

Trading is a long learning curve, as your friend of 10 years experience has probably told you. Good luck with it my friend and well done on a positive start.

 

[lordprinceking]

Interesting! Looking forward to your future posts

 

[TopYTPro]

Hi. What % risk do you take per trade? Good like anyway)

 

[sms_chief_of_messaging]

Interesting one this good luck on your journey - only 1% of traders are profitable if not less - but if you crack the code big money

 

[Brandon68]

Good idea to document it publicly, especially with a verified MyFxbook account. That makes the journey more transparent and easier to trust.


The $500 to $50,000 goal is extremely ambitious, so risk management will be the most important part. Weekly updates with balance, drawdown, trades, and lessons learned would make the log more useful.


The biggest lesson is also true: don’t trade with revenge, but don’t let fear control every decision either. Consistency matters more than emotion.

 

[AzzuSEO]

good to see someone that gets into trading but that has experience and not just want to spend all his money stupidly

 

[carpediem10]

I will be watching. Are you not going to demo trade first?

I’ve considered starting with a demo, but I feel that the best way to learn and manage emotions is through a real account. Anyone with a demo account can make millions because they won’t have sensitivity to that money. If there’s one thing I’ve learned in life, it’s that people value more a piece of crap that cost us money than a treasure that came to us for free.

Trading is a long learning curve, as your friend of 10 years experience has probably told you. Good luck with it my friend and well done on a positive start.

You’re absolutely right, and it’s going to get tougher being exposed here. Thanks for the support!!

Interesting! Looking forward to your future posts

Great, I’ll be waiting for your comments and opinions!

Hi. What % risk do you take per trade? Good like anyway)

Initially, I will risk between 5% and 10% of the capital per trade, keeping that percentage until the account reaches a considerable amount. I know perfectly well that it’s not optimal, not the safest, nor the most recommended from a risk management point of view, but it’s necessary to start with risk in order to grow the capital and achieve the ambitious goal

Interesting one this good luck on your journey - only 1% of traders are profitable if not less - but if you crack the code big money

Thanks! It’s true, the road is long and not always easy. But I’m confident that with patience and good strategies, success can be achieved

Good idea to document it publicly, especially with a verified MyFxbook account. That makes the journey more transparent and easier to trust.


The $500 to $50,000 goal is extremely ambitious, so risk management will be the most important part. Weekly updates with balance, drawdown, trades, and lessons learned would make the log more useful.


The biggest lesson is also true: don’t trade with revenge, but don’t let fear control every decision either. Consistency matters more than emotion.

Exactly! I think transparency is key, which is why I’ll use MyFxbook to show verifiable results and so there can be no doubt about what has been achieved.

Totally agree. Risk management is key, and I’m prepared to adjust my strategy as necessary. Weekly updates will focus on those details so everyone can follow the progress clearly.

Soon you’ll see the disaster I made in the second week by trying to get revenge...

good to see someone that gets into trading but that has experience and not just want to spend all his money stupidly

Thank you very much! Experience is essential, but also knowing when to take calculated risks. My approach is to learn from mistakes and not rush the process.

 

[carpediem10]

From being 'flat' in the first week to being in chaos in the second.
Even though the trades that were recommended to me ended up in the positive that week, I lost almost half of my capital. Can you imagine why?



We know I should do 10 trades a week, but if in the first week I did 46 and it was a disaster, this week, with 78 trades, I have no words to describe what happened. It was an absolute mess.



I’m still sticking with the cliché, but overtrading doesn’t lead to any good path. It’s time to reflect so I don’t fall into the same mistakes from this disastrous week. This is how the overall balance looks.



The lesson of this week is clear:

There is no such thing as recovering a lost trade. Each trade is unique, and you can’t expect to win the next one just because you lost the previous one.

 

[TopYTPro]

Initially, I will risk between 5% and 10% of the capital per trade, keeping that percentage until the account reaches a considerable amount. I know perfectly well that it’s not optimal, not the safest, nor the most recommended from a risk management point of view, but it’s necessary to start with risk in order to grow the capital and achieve the ambitious goal

Yeah, 5-10% is definitely aggressive... By the way, does the trading platform have a built-in risk manager to lock trading once you hit a certain drawdown limit?

 

[carpediem10]

Yeah, 5-10% is definitely aggressive... By the way, does the trading platform have a built-in risk manager to lock trading once you hit a certain drawdown limit?

Yes... that's what I have to risk, especially at the beginning, because otherwise, think about it: 1% of 1000 is $10, and with 2 trades a day I won't reach $50,000 in 5 years, hahaha

I don't want to automatically freeze up; I want to be able to control my emotions, because it's part of the process on the path to profitability.

 

[DangerJones]

I tried Forex a few times, couldn't crack it. Totally lost out. Is the current volatility a good thing trading wise?

In any case, wish you the best of luck champ.