$70 to 20K Sprint

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

Wow! Good luck to you, hope you hit your target.

Can you explain a bit about your trading strategy?

as would I, unless it's filled with a hundred indicators that are required to "agree" with each other.

There are only 3 indicators on my chart. One on then is pivot point indicator.

Cheers
Garfield

G/J - Short Trade
Entered at 153.72 Target Hit at 153.38
Total profit $42.00

Day 1 was success.

nice, good luck on your sprint, I hope you reach your goal.

So far so good, this is going to be a very interesting journal. And I like the fact that it is fast pace meaning its only 20 days.

If possible could you outline a little bit about your system or technique that you are using when you define your trade setup's. Since you only take one trade a day I am sure its probably a borderline discretionary system. What I mean by that is, you probably have your indicators but use them only to confirm your decisions based on your intuition or trading wisdom.

If time permits give the audience of people following your journal a little bit of information regarding your system or technique.

Thanks and good luck

Jeremy

Inspirational.

Published results of your trades'd make sense.
I'd be far more interested if you made it and then showed your approach.

Success on day 2.
Entry @ 152.74 TP 152.39 & 152.30.
Total profit $71.00

Cheers
Garfield

So far day 3 looks like a no trade zone.
May not trade today.

Cheers
Garfield.

Very best of luck with this and your right $70 to $20,000 in 14 trades would be just as impresive as 14 days

Good call Garfield. No need to be in a hurry, better to be careful.

There wasn't much rockin' price action with trending momentum today anyway.

So you kept your powder dry. Good call. September's coming. You'll have your day !!

Trade well.

*(And, don't pay any attention to my signature.... it's just a joke!!)

Start of the weeek and it's bank holiday in London.
I won't trade today, don't want to get caught in a slow moving ranging market.

Cheers
Garfield

Good luck! I'm in awe

Bank Holidays = Range for ages then a no volume 200pip move without explanation to crush you, or take 10pips of as un expected!!

Trying something similar, well no money to loads due to well I've got no money so adding myself to this.


And Kick some butt prove the 12% per year brigade wrong for me

I was hesitating to trade, but the day opened with an explosion and the trade setup was there to take.

Played it safe due to bank holiday, last day of trade and being monday.

Did not risk entire amount and took multiple profit targets with small size trades.

Cheers
Garfield

G/J flip flopped entire day so far.

No trade setup to take.

Cheers
Garfield

Short trade entered at 149.82 Profit target between 149.50 to 149.40.

Cheers
Garfield

Congratulation my friend
your program and Discipline is very good
excusme my friend
How do I send Private Messages to you؟
have yahoo id?
thanks
--------------------------------
i send for you email
please read and answer me
very thanks

unfortunately... due to family commitment I was unable to trade on Day 7.
There were couple of trade setups.

At least G/J has started moving up instead of just sideway movement.

Cheers
Garfield