Thread: $1000 to $1,000,000,000 in 4 years

91303

Originally Posted by ;

Great point. An individual should exercise meditation side.
And, do not look it as money, look it as numbers, lol.

Sounds pretty easy

91303

Originally Posted by ;

Knew I'd find you BB! Constantly looking for a fast dollar Only joking partner...

I have implemented a two year plan to 100k up in my trading account beginning with 3k and growing up to 10k and then incorporating 12k at the end of 1st year... so 22k to 100k in 1 year. That is a realistic Target I'd guess...

It is about 15% pm average that I am able to attain... The question is whether I could attain it consistantly within 12 weeks...

12 goals, 12 months, 100k! I RECKON IT's POSSIBLE

Hello matey! Of course it's possible and your targets are more realistic than the thread starter's targets and knowing you, you are going to reach your targets. Remember though, retain those feelings and you have to take the rough with the smooth. In the end it is a percentage game although the larger the bodily amounts, the more the plogy will perform role! Plan your trade, as my mentor states and STICK TO YOUR PLAN!

91303

Originally Posted by ;

This was the most difficult area for me so much: Focus on obtaining the 30pips but ignore the amount of money that big lots represent (as long as I remain withing my daily 3 percent win or loose). I'm getting better though! Fighting stress is also important.

Trading should NOT be stressful. You only make it as stressful as YOU want it to be.

A few things have to keep in mind, although 91303Good egy.

Assume the initial 2 days r a winner, then the 3rd day u lose, means 40 pips u had won became 20pips, and also the following two days un won every 20 pips, the total is 60 pips. Rather than 100pips each week

What im trying to say is that a lost for a day will double ur loses if ur target is 100pips per week(20 pip daily each), suppose there are two days un dropped in those 5 times?

But the good side is if the probability is gud, u are stil profitable for your week. =-RRB-

Cheers! Happy trading. .

91303If that you wish to understand how many transactions per week or per month etc which you need to choose to hit your target then you can use:

(% return wanted)/(%risked*E) where E is the expected price of your own body.

It's possible to substitute dollars for the% and that is going to work also.

EXAMPLE:
assumptions:
1. 70 percent winrate
2. Ave Win = win/risk 40 pips/20 pips = 2 (or X dollars or X %)
3. Ave reduction = loss/risk 20 pips/20 pips = 1
4. Risk 2% per trade
5. Want 20 percent per month

so E = (AWin*winrate) - ( ALoss*loserate) = (.7*2)-(.3*1) = 1.1

Trades needed = 20%/(2% * 1.1) = 9.1 (around up to 10)

So using a 70 percent winrate and also a risk of 2% per transaction where your E is 1.1 you will need 10 trades a month to hit your goal of 20%. This is about 2 transactions a week without the need to overtrade.

91303i like this subject. . And I could see it's likely to gain 20pips every day

91303

Originally Posted by ;

If you would like to understand how many transactions per week or a month etc that you need to choose to hit your goal then you can utilize:

(% return wanted)/(%risked*E)...

that I am not positive whether this applies to me personally, but my winningpercent is about 72%, average win is 10-20pips, risk about exactly the same, average reduction 10 pips, risk 3% per DAY (not per trade, therefore with 3-5 trades daily that would be 0.5-1% per trade), desire 3% per day.

This thread was started by 91303I a while ago and I just wanted to add to it. .

I don't like to force myself to exchange nor have a certain goal I need to obtain. Even though I say we ought to have a purpose in mind to keep us on schedule, we shouldn't PUSH ourselves to put on another trade simply to meet the daily goal (Leads to a misguided commerce and largely a reduction ).

Fourteen days ago, I left just 100 pips, and a 10% profit.
The market closed 5 hours ago and I'm at 228.4 pips and at a 19% profit.
----------------------September 6,2010
Daily Pip profit - 15.2
Daily Pip profit - 36.5
Daily Pip profit - 8.8
Daily Pip profit - 22.3
Daily Pip profit - 58.5
Daily Pip profit - -8.4
Daily Pip profit - 53.2
Daily Pip profit - 25.1
Daily Pip profit - 11.9
Daily Pip profit - 5.3
---------------------
I normally stick to the particular lot dimensions, but a couple of trades were less compared to normal. In general, I am on track with this 1 account.

After looking back at the outcomes, there is consistency, but a few days I have more time to exchange and while other days, I don't feel like trading. We can not force ourselves to exchange, but just watch the market to provide us motivation on when the chance is ideal to put that commerce. .

I'm trading with little market exposure, Quick Scalps, and an adequate lot dimensions.
If I will keep this moderate pace, my goals will be in reach.

91303My view is that money in the Foreign Exchange account is money at risk. The trading philosophy posted here is precisely what I do back in 08. I built my account up to mad numbers within a brief period of time. 08's wreck took all my capital and ignored of my stops. We currently have a omen moving off now predicting another crash.

Forex can make for some mad returns - more than any other market I have seen. I take mine out and set them.

If a crash happens, if a plane goes through a building, etc.. . I have money set aside to repay some accounts which may have been damaged.

91303

Originally Posted by ;

The trading doctrine posted here is exactly what I was doing back in 08. I assembled my account up to amounts within a brief period of time. The wreck of 08 ignored all my stops and took all my funds on night.

Now allow me to get this right:
1. It is reassuring to me that you could actually built a significant account utilizing this kind of philosophy
2. You mean I could be in a position with 30pips SL a plane crashes on a significant building and my account gets wiped out? Hard to believe, which broker did you use in the moment?
3. Scenario but my trade is on the side of the move that is explosive. My SL is ignored along with my account grows instantly to millions???