I have been trading for about 7 months now. I have always wanted to see if it was possible to double or quadruple my account with a sprint approach.
Here is my plan and I will update my journal everyday based on my results.
I plan to risk $70.00 on my first trade and target to make $35 or 50% of my risk.
Add the profit to my trade next day so I will risk $105 to make $52 or 50% of my risk.
Keep doing it every day till I make 20K or till I hit a loss. I will need to have 15 profitable days in a row to get to my profit target of 20K.
At any given point of time, I am only risking $70 of my own money, rest is money taken from the market.
I will be trading G/J only and one trade a day only.
Risk------------Profit
Day 1 $70------------ $35 --- Target Hit with Profit $43.00 - 26th Aug 09 -- Capital - $105
Day 2 $105------------ $53 --- Target Hit with Profit $71.00 - 27th Aug 09 -- Capital - $176
Day 3 --- No Trade Day ---
Day 4 $105------------ $53 --- Profit $ 59.00 31 Aug 09 -- Capital - $235
Day 5 --- No Trade Day ---
Day 6 $236------------ $118 --- Profit $ 144.00 2 Sept 09 -- Capital - $379
Day 7 --- No Trade Day ---
Day 8 $354------------ $177 -- Loss - Account Blown.
Jump Start Again - 07/09/09
Risk Return
Day 1 $ 100 ------------- $ 50
Day 1 $ 150 ------------- $ 75
Day 1 $ 225 ------------- $ 112
Day 1 $ 337 ------------- $ 168
Day 1 $ 506 ------------- $ 253
Day 1 $ 759 ------------- $ 379
Day 1 $ 1139 ------------- $ 569
Day 1 $ 1708 ------------- $ 854
Day 1 $ 2562 ------------- $ 1281
Day 1 $ 3844 ------------- $ 1922
Cheers
Garfield
Here is my plan and I will update my journal everyday based on my results.
I plan to risk $70.00 on my first trade and target to make $35 or 50% of my risk.
Add the profit to my trade next day so I will risk $105 to make $52 or 50% of my risk.
Keep doing it every day till I make 20K or till I hit a loss. I will need to have 15 profitable days in a row to get to my profit target of 20K.
At any given point of time, I am only risking $70 of my own money, rest is money taken from the market.
I will be trading G/J only and one trade a day only.
Risk------------Profit
Day 1 $70------------ $35 --- Target Hit with Profit $43.00 - 26th Aug 09 -- Capital - $105
Day 2 $105------------ $53 --- Target Hit with Profit $71.00 - 27th Aug 09 -- Capital - $176
Day 3 --- No Trade Day ---
Day 4 $105------------ $53 --- Profit $ 59.00 31 Aug 09 -- Capital - $235
Day 5 --- No Trade Day ---
Day 6 $236------------ $118 --- Profit $ 144.00 2 Sept 09 -- Capital - $379
Day 7 --- No Trade Day ---
Day 8 $354------------ $177 -- Loss - Account Blown.
Jump Start Again - 07/09/09
Risk Return
Day 1 $ 100 ------------- $ 50
Day 1 $ 150 ------------- $ 75
Day 1 $ 225 ------------- $ 112
Day 1 $ 337 ------------- $ 168
Day 1 $ 506 ------------- $ 253
Day 1 $ 759 ------------- $ 379
Day 1 $ 1139 ------------- $ 569
Day 1 $ 1708 ------------- $ 854
Day 1 $ 2562 ------------- $ 1281
Day 1 $ 3844 ------------- $ 1922
Cheers
Garfield
Trading is SIMPLE not EASY.