Brewski's Leverage Abuse

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brewski1984

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Hello,

I thought I'd start a "turn £200 into £1 billion" trading journal because it seems so many people are making billions from £200 these days I'd be a fool not to! I don't have the time or money to commit to trading properly however I do love gambling, love the thrill of winning some big cash and will be incredibly greedy (all of which are fatal to profitable trading).

I don't do anything that any beginner trader wouldn't have thought of and probably done. Excessive risk, aggressive trading, massive swings in account value followed by inevitably blowing the whole account. Sometimes it won't take long, other times I can get a massive percentage increase first but it always ends in losing.

Great laugh though(y)
 
Current trades:

Deposited £200 last night ready for today. For me, oil has been all about shorting the rallies for months, OPEC talk it up and the free market smash it back down. USD right now is a sell so that is what I've done.

As you can see, tight stops and big position sizes. I use guaranteed stops because they not only help with margin management (you free up more margin using guaranteed stops) plus you can't afford any slippage when you've got nothing in your account. Guaranteed stops are not worth it in the long run and are another expense that you've got to try to beat.

I'll be looking to add to both of these trades if they go in my favour more and moving my stop accordingly.
 

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Brewster is rinsing it, well over doubled my account(y)

Added to the oil trade as you can see from the chart attached.

On another note, my whole £200 is still at risk so I could and probably still will end up losing it all:LOL:
 

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brewski1984 said:
Thanks mate, I made 3700 from that £25pp gbp/usd long, gutted I'm still not in it but banked 2.5k going towards a bigger car for us(y)
Click to expand...

Nice one,

Don't buy nothing fancy in case we trash it. Either that or we'll hire a car with driver. That way we can get p1ssed up.

Happy bashing in those bucks.
 
Taken out of the oil trade, -£50 roughly. Just added £3 a point on usd/jpy, will post a screenshot as proof when I get back on to the computer
 
That move in oil would have cleaned my account out but a tight stop keeps me in the game. Running and adding to usd/jpy is showing me a tasty profit(y)
 

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Added to both trades this morning, someone was defending 110.00 on usd/jpy overnight, I think if we see it pop below 110 there will be a lot of stops triggered and a decent move down. I added at 110.20 on a flip of sup/res
 

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