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  1. #1
    Moderator Kolyo's Avatar

    Lightbulb How did you spend the money gained from your first trading achievement? !!!

    Hi guys,

    I am starting a new general discussion thread where I would like to see you share about your first purchase of something with money gained from trading. Actually I couldn’t remember my first thing but I remember very well after one big win early in my trading career I bought one cheap laptop and that was actually my first laptop. If you have some more interesting purchase or something where you spend your trading money please share with us here!

  2. #2
    Specialist Member LesterK's Avatar
    I didn’t make any big purchases in the beginning of my trading career because I was eager to invest all my profits in trading. That was a good decision, because later I had hard times struggling to keep my profit results above zero line. Now I have enough capital to trade calm without such embarrassments and I am able to take out some small profits each month, but I am not willing to make big purchases because this way I will not be able to keep some buffer capital for losing periods.

  3. #3
    Specialist Member pinoyoptions's Avatar
    Last year I buy a pair of Iphone 5 for my wife and me, from my earnings in forex trading until I burn my account entirely. This year I am saving my few thousand to invest in Mutual fund in my home country. My goal is to invest my earnings every year in UITF, MUTUAL FUND and educational fund for my coming baby this year

  4. #4
    Legendry Member willyw's Avatar
    Quote Originally Posted by LesterK View Post
    I didn’t make any big purchases in the beginning of my trading career because I was eager to invest all my profits in trading. That was a good decision, because later I had hard times struggling to keep my profit results above zero line. Now I have enough capital to trade calm without such embarrassments and I am able to take out some small profits each month, but I am not willing to make big purchases because this way I will not be able to keep some buffer capital for losing periods.
    Lester, you have very good concept and a good money management.

    Cheers!!!!

  5. #5
    Specialist Member marvel's Avatar
    Quote Originally Posted by pinoyoptions View Post
    Last year I buy a pair of Iphone 5 for my wife and me, from my earnings in forex trading until I burn my account entirely. This year I am saving my few thousand to invest in Mutual fund in my home country. My goal is to invest my earnings every year in UITF, MUTUAL FUND and educational fund for my coming baby this year

    That’s really interesting thread I remember my first big profit of something about $500. I was so excited that I couldn’t believe it happen. I bought a brand new bike with this money and that was really my sweetest gift. After that I also decided like you, Lester to not make any significant withdrawals and that saved my trading account several times.

  6. #6
    Rookie Member
    I have to say that I can't wait to make my first big profit. I will not purchase anything with it. I will however take some of it to pay debts and keep the rest in my trading account in case I make more mistakes.

  7. #7
    Legendry Member willyw's Avatar
    Quote Originally Posted by Srollin View Post
    I have to say that I can't wait to make my first big profit. I will not purchase anything with it. I will however take some of it to pay debts and keep the rest in my trading account in case I make more mistakes.
    Why don't you consider accumulating your profits till it's almost the amount of your capital and then you withdraw your capital and trade with your profits!!!!!!! If you made mistakes you have nothing to loose as your captial are back safely in your pockets!!!!!

  8. #8
    Active Member
    My first trading achievement made me walk shoulder high. And, to encourage myself to even do better next time, I bought myself a Samsung galaxy-my first smart phone. Holding it on my hands reminds me daily of that first achievement.

  9. #9
    Master Member Bogdan G's Avatar
    Quote Originally Posted by willyw View Post
    Why don't you consider accumulating your profits till it's almost the amount of your capital and then you withdraw your capital and trade with your profits!!!!!!! If you made mistakes you have nothing to loose as your captial are back safely in your pockets!!!!!
    Yup, that's what I did. The best way not to lose money is to trade with the market's money.

  10. #10
    Legendry Member willyw's Avatar
    Quote Originally Posted by Bogdan G View Post
    Yup, that's what I did. The best way not to lose money is to trade with the market's money.
    Bogdan, thats Great!!!! We have the same concept!!!!!
    I think the newbies should follow.......

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