The $100 to $1,000,000 Challenge - 3 days in the running - Page 11

forex100 · #**101** 01-26-2010, 01:00 PM

Quote:

Originally Posted by Takiii

Wrong....

Central banks offer cash to anyone who is willing to buy at their provided price. They also hold currency auctions in order to inject the markets with liquidity. The federal reserve and bank of japan do this on a relatively regular basis in order to devalue their currency. At the moment the BOJ is sitting still until the economics of the markets starts to even out. But the FED has been auctioning ever since the crisis.

Wow...you know so much better.

My information must have been wrong. All the time I thought they only do M3 operations.

FX100

forex100 · #**102** 01-26-2010, 01:06 PM

Quote:

Originally Posted by mtuppers

that is funny. okay since I have a test account currently $83 however, I will be busy until after Feb well see if I can bet your speed.

Oh since the account is with FXOpen. I will tell Takiii about my account! so he can get me investment password which I think I did not save it then every one can see how I grow my account!

I have trade for 6 years! no banking back ground!

Ok great. Do you have track record on your trading and Sharpe ratio ? Very important is Sharpe ratio.

I have 2 offshore banks now in negotiations to do Regional HQ here for Micro Finance for the region. One bank already had Board meeting and approved the setup. My manager today presented first year budget so we will start operations soon.

Will take maybe 6 months to ramp up before will have off balance sheet funds for treasury operations then can start trading.

FX100

mtuppers · #**103** 01-26-2010, 08:07 PM

Quote:

Originally Posted by forex100

Ok great. Do you have track record on your trading and Sharpe ratio ? Very important is Sharpe ratio.

I have 2 offshore banks now in negotiations to do Regional HQ here for Micro Finance for the region. One bank already had Board meeting and approved the setup. My manager today presented first year budget so we will start operations soon.

Will take maybe 6 months to ramp up before will have off balance sheet funds for treasury operations then can start trading.

FX100

It's okay, I think I have busy life.

Takiii · #**104** 01-26-2010, 08:56 PM

mtuppers, if you need a new password for that account you need to email finance@fxopen.com. But I believe that account u speak about is under my IB from a long time ago lol.

forex100. I worked institutionally. Our company actually bought USD from one of the FED Auctions. I left that job on the 1st of september 09.

forex100 · #**105** 01-26-2010, 09:09 PM

Quote:

Originally Posted by Takiii

mtuppers, if you need a new password for that account you need to email finance@fxopen.com. But I believe that account u speak about is under my IB from a long time ago lol.

forex100. I worked institutionally. Our company actually bought USD from one of the FED Auctions. I left that job on the 1st of september 09.

Yes of course. You are a professional and very well versed and sharp.

There will always be those in the know and those not in the know !!

Did you buy it in cash ??

FX100

mtuppers · #**106** 01-26-2010, 10:07 PM

Quote:

Originally Posted by Takiii

mtuppers, if you need a new password for that account you need to email finance@fxopen.com. But I believe that account u speak about is under my IB from a long time ago lol.

forex100. I worked institutionally. Our company actually bought USD from one of the FED Auctions. I left that job on the 1st of september 09.

true at less 3 years ago. account number is 55311

forex100 · #**107** 01-27-2010, 05:47 AM

UPDATE !!

You can see the chart here http://www.earning-on-the.net/chart/

Significant figures are

Account Value $92.58
Cash Balance $557.28
Margin 24%

As expected, the Cash Balance has now breeched the $500 mark. We started off with $100 here and it is now $557.28, we will keep going until we see it more than $1,000,000. This has been deem as very bad trading by almost everyone here and a severely flawed strategy and they could very well be right and soon I will fall flat on my face...or may fall flat...then again the impossible may happen. We can only wait to see if it will or it will not but whatever the outcome, it has been a good journey and I hope it would continue to be a long one with many updates and postings...let's see what the future holds.

They key point here is that in all this while, there has NOT BEEN A SINGLE MARGIN CALL !!!!

So on we go....where we end...no one knows or maybe it is all of you know and I still don't !!!!

FX100

**BossOfHyips** · #**108** 01-27-2010, 09:18 AM

Quote:

Originally Posted by forex100

They key point here is that in all this while, there has NOT BEEN A SINGLE MARGIN CALL !!!!

Lol, 1 margin call is enough for an account

you don't need second one

forex100 · #**109** 01-27-2010, 09:41 AM

You are correct.

And that one margin call gives your broker the right to close out all your positions at a LOSS for you and at a severe disadvantage to you.

Simply put, get a margin call and your broker takes all. Does not matter if you had a good trade going, does not matter if you picked the market right. Your broker closes everything out and takes it all.

This is the brokers tool to trip you up when you get it right and pick the correct trades after all the broker always wins either way.

FX100

forex100 · #**110** 01-27-2010, 10:15 AM

zx10,

If you can read from this thread I will respond to your post.

The organisation that you report to will do nothing for you. Your broker Insatforex has every right to close out all your positions when you get a margin call. They are covered legally to do that. They can liquidate it for you at a big loss and you are still bound legally to pay up whatever EXTRA loss that is involved.

This is standard industry practice and covered in all agreements so in simple words, it is game over when you get a margin call.

FX100