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

DangerJones said:

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.

Click to expand...

Are you trading anything else now, or did you stop trading when you stopped forex?

No, not at all. The current volatility isn't good, in fact, many people are losing a lot of money and blowing up funded accounts, but things are "calm" right now.

$500 to $50,000, Bonus margin (signs of a scammy broker), "I have limited trading experience, but there will be a professional team with years of experience behind the trades."...

Really sounds like you're about to lose 500 USD in some Martingale EA installed on some off shore broker suggested by an IG guru... (he got at least 200 USD from your CPA lol)

carpediem10 said:

Are you trading anything else now, or did you stop trading when you stopped forex?

No, not at all. The current volatility isn't good, in fact, many people are losing a lot of money and blowing up funded accounts, but things are "calm" right now.

Click to expand...

Not really, just some equities, most of my investments nowadays are long term oriented now bc I don't want to ever experience the feeling of stupidity I felt several times over. I was much more r/wallstreetbets than Bobby Axelrod.

You're aiming for 10000% return on your initial capital in less than 6 Months, if you are capable of doing it, you can just continue and be a billionaire by the end of 2027 ... I don't know man !

To be brutally honest, bonus broker, 5-10% of capital and no demo account first....this is all the signs of a marketer sucking you in to lose money to the broker for their cut.
I really hope it is not but even if it is we all live and learn.

Personally, and I trade for a living, I use a 1% risk 2% reward for all my trades.
I backtested my system(which took years to develop) on Trading View for 6 intense months, then demo traded for 6 months then started.
I also had no specific targets in mind, I just traded the market as per my system, I find money targets can make you overtrade and/or take trades you wouldn't normally.

I don;t mean to be negative or condascending, just trying to help.

serpsystems said:

$500 to $50,000, Bonus margin (signs of a scammy broker), "I have limited trading experience, but there will be a professional team with years of experience behind the trades."...

Really sounds like you're about to lose 500 USD in some Martingale EA installed on some off shore broker suggested by an IG guru... (he got at least 200 USD from your CPA lol)

Click to expand...

The truth is that I've read all sorts of things about the broker, some people who haven't had any problems in years and with large withdrawals, and others who have. The regulations it has don’t convince me, so I’m going to look for another one that is better regulated and gives me full confidence that I won’t have any issues.

And no, it’s not a Martingale EA, the failure that week was entirely mine because the suggested trades were positive, I messed it up by trying to outsmart myself and trading with ego.

DangerJones said:

Not really, just some equities, most of my investments nowadays are long term oriented now bc I don't want to ever experience the feeling of stupidity I felt several times over. I was much more r/wallstreetbets than Bobby Axelrod.

Click to expand...

The truth is that everything has its pros and cons, investments like this are much more relaxed and passive but with a lower return than you can achieve being a profitable trader, but in the second case, you are also exposed to losing all your capital, as well as the psychological toll it takes.

iBo_1 said:

You're aiming for 10000% return on your initial capital in less than 6 Months, if you are capable of doing it, you can just continue and be a billionaire by the end of 2027 ... I don't know man !

Click to expand...

It’s in 9 months, and yes, a 10,000% return is crazy, but I must also tell you that going from 500 to 50,000 is not the same as going from 50,000 to 5,000,000. Even though the percentage return is the same, you will NEVER trade that money the same way or with the same risk. This is an important point to consider, which is why I say from the start that it's an aggressive management of capital I can afford to lose.

kaneisgod said:

To be brutally honest, bonus broker, 5-10% of capital and no demo account first....this is all the signs of a marketer sucking you in to lose money to the broker for their cut.
I really hope it is not but even if it is we all live and learn.

Personally, and I trade for a living, I use a 1% risk 2% reward for all my trades.
I backtested my system(which took years to develop) on Trading View for 6 intense months, then demo traded for 6 months then started.
I also had no specific targets in mind, I just traded the market as per my system, I find money targets can make you overtrade and/or take trades you wouldn't normally.

I don;t mean to be negative or condascending, just trying to help.

Click to expand...

It doesn't seem condescending at all, on the contrary, you seem very sober in everything you say, and it seems like you know what you're talking about. Do you live exclusively from trading?

Regarding the broker, as I mentioned before, I’m going to look for another option and probably switch in a week or two. As for the 1%, I understand it perfectly, and I know it's the recommended approach, but with 500%, 1% is only $5. The goal is to achieve something big, obviously with risk, but if not, I could only achieve a 10% return for the rest of the year.

Additionally, assuming a 66% winrate (winning 2 out of every 3 trades), risking 1% per trade, and with a 1:1 R:R, you would need an initial capital of approximately $28,000 to reach $50,000 in 9 months.

carpediem10 said:

The truth is that I've read all sorts of things about the broker, some people who haven't had any problems in years and with large withdrawals, and others who have. The regulations it has don’t convince me, so I’m going to look for another one that is better regulated and gives me full confidence that I won’t have any issues.

And no, it’s not a Martingale EA, the failure that week was entirely mine because the suggested trades were positive, I messed it up by trying to outsmart myself and trading with ego.

The truth is that everything has its pros and cons, investments like this are much more relaxed and passive but with a lower return than you can achieve being a profitable trader, but in the second case, you are also exposed to losing all your capital, as well as the psychological toll it takes.

It’s in 9 months, and yes, a 10,000% return is crazy, but I must also tell you that going from 500 to 50,000 is not the same as going from 50,000 to 5,000,000. Even though the percentage return is the same, you will NEVER trade that money the same way or with the same risk. This is an important point to consider, which is why I say from the start that it's an aggressive management of capital I can afford to lose.

It doesn't seem condescending at all, on the contrary, you seem very sober in everything you say, and it seems like you know what you're talking about. Do you live exclusively from trading?

Regarding the broker, as I mentioned before, I’m going to look for another option and probably switch in a week or two. As for the 1%, I understand it perfectly, and I know it's the recommended approach, but with 500%, 1% is only $5. The goal is to achieve something big, obviously with risk, but if not, I could only achieve a 10% return for the rest of the year.

Additionally, assuming a 66% winrate (winning 2 out of every 3 trades), risking 1% per trade, and with a 1:1 R:R, you would need an initial capital of approximately $28,000 to reach $50,000 in 9 months.

Click to expand...

Yes I live exclusively from trading, I am in the forum to make a 2nd income stream that I can do alongside it as I have my trading down and most of my day is waiting for set up alerts.
Yes I have a fairly large capital/trading bank now, but I did not to start with. It took years to build it up.

kaneisgod said:

Yes I live exclusively from trading, I am in the forum to make a 2nd income stream that I can do alongside it as I have my trading down and most of my day is waiting for set up alerts.
Yes I have a fairly large capital/trading bank now, but I did not to start with. It took years to build it up.

Click to expand...

Oh, I see. Then it's an honor to have you here.

Thanks for all the advice!

carpediem10 said:

Oh, I see. Then it's an honor to have you here.

Thanks for all the advice

Click to expand...

Happy to help and I look forward to your journey.

Third week, reborn.

After the blow I took in week 2, I reflected and committed to trying with all my strength not to overtrade. Although it’s still a lot of trades, it’s half as many as the previous week.



It also showed in the results. It says “Deposit 82.75,” but it’s not that I made a deposit; it’s that I lost the 510 I had, and part of the “credit” from the duplicated bonus they gave me was used.


With that 195.5 in profit, the overall balance now looks like this: let’s remember that the credit is not withdrawable, so my real balance is 791.91 - 428.25 = 362.75.



I spent the whole week thinking that achieving a 10,000% profit was far too titanic a task, so I decided to add another $500 and buy a $100,000 funded account.
Also, among other things, because in this account, since it’s so much money, I would actually follow the strategy to the letter.
So the challenge goes from $1,000 to $50,000 before the end of the year; in other words, achieving a 5,000% profit in 9 months, which is still madness...
So I’ll also be giving updates on what happens with that account.



This week’s lesson is:

Forget what happened yesterday and try to do things right today, taking responsibility for what happens to you.

Click to expand...

I'm no expert in stocks or trading but I know people who are and unless your days are absolutely dedicated to watching and acting on alerts, your pretty much betting at a casino.

Luck and prayer for the short term retail investor.

The people making the kind of profits OP wants are acting on insider information. Highly illegal but way more common than you'd believe.

carpediem10 said:

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.

View attachment 522768

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.

Click to expand...

Are you trading manually or trying to automate it with a proprietary BOT? Also how are you doing your research before entering a trade? I was investing for medium terms a while back and looking to move to trading

im sorry to break it.
but markets are as unpredictable as the butterfly effect.

no a real way to earn money trading, UNLESS you're the middle man taking the fees, on top of that you're using STOCKS, i assume in a developed NATO country, so that method would not work in 80% of the world.
i conclude. FAKE way to earn money

vladimirmakarov said:

im sorry to break it.
but markets are as unpredictable as the butterfly effect.

no a real way to earn money trading, UNLESS you're the middle man taking the fees, on top of that you're using STOCKS, i assume in a developed NATO country, so that method would not work in 80% of the world.
i conclude. FAKE way to earn money

Click to expand...

Completely wrong. I am a full time trader for years and I know many who are also.

Looking forward good luck