Million dollars dream - starting from $1000

Hi, let's see whether I could reach one million dollars in a year's time. Just to carry on from what other traders had tried but failed. Who knows, it will be a fun journey. Anyway, this is free money for me now.

BTW, don't ask me about my strategy. I have worked too hard to develop it, and no way I will share with you my edge for free. I will not spend too much time on this thread as my trade explorer is shown which keeps track of all my trades. Most of my trades are triggered by my ea. Though I will occasionally manual trade (which produces inconsistent results due to itchy fingers and emotion, which explains my unacceptable drawdown at certain time) and it does not follow my ea's MM. So, let's start this journey. It may end in blaze of glory.

Edit: The sole purpose of this thread is simply to showcase whether I could reach the target of 1 million with an initial deposit of 1000 (actually only 500 as the other 500 is bonus offer from my broker, so my actual % return should be double. LOL). That's all ever to it. The reason this thread resides in the Trading Journal section and not Trading System should be pretty obvious to most. Based on the calculation of compounding rate of 3% daily, it should take me about 11.6 months to achieve that. If I make it, well and fine. Else, so be it. I don't care. At least, we have some fun along the way.

Don't ask me about my strategy, or trying to tell me what can be done or not. This thread is simply me following a simple trading plan. With my ea, it is even simpler. Just entry and exit. That's all it ever does. All the necessary ingredients like entry, exit (either sl or tp) and MM are already in place. And I should not blow my entire account, as long as no drastic event ever happen (such as the SNB rate decision which wipe out my one account which was making money - this is another story which I may share in the future). Or my itchy fingers when I try to manual trade and greed/fear starts to influence my trading decision and cause unnecessary and bigger drawdown.

If all these explanations sound harsh or unpleasant, it is just me telling you the main objective of this thread and laying the cards out. This is to prevent any misunderstanding or wishful thinking on your part that this thread will be more - like teaching you a viable strategy, showing a piece of chart art with fanciful indicators and mt4 templates, and selling you private forum which I will teach you the hidden secrets of candlestick patterns, etc. You can find these bs or snake oil in the Trading System which mostly are useless and confuse you further.

Hint: If I were to tell you that I simply follow 2 horizontal lines, you will most probably think I am crazy or trying to pull a wool over your eyes. But as my signature below indicates, I am a simple guy with a simple trading plan. So far, it has served me well. These 2 simple lines will tell me whether it is safe to enter, and tell me whether the current price is ranging or breaking out. This is what trading is ever about, buying above a line and selling below it. My second line is simply telling me the current market condition to filter out trades for entry.

Reminder: Last but not least, you can share your views and thoughts in this thread. Only I ever ask is that you be civil about it. We can agree to disagree - that's the purpose of a social forum. But do not troll this thread to serve your own agenda or selling snake oil. I am not here to share so as to care, or touting my 20 + years of trading success with no single trade statement to show (LOL). I have made the settings for this thread as transparent so everyone can contribute. Your opinion of me - good or bad - has absolutely no bearing on me, as it does not matter to or bother me. Only my wife's opinion matters. LOL.

Only Rule to observe in this thread: Do not bother asking me about my trades/trade explorer/strategies and other Forex methodologies. I am also not an expert with FF trade explorers and other fancy Forex stuffs. I just enter and exit, that's all. Seriously, that's the only thing we need to do to be successful, and not searching in the rabbit holes. In addition, I do not need to answer, as I am not obligated one bit to do so. I am not selling anything to you. My time is better spent refining my trades and my ea. And to spend time with loved ones.

Final Notes: So, enjoy or laugh at this venture. When I reach the rainbow end of the line and show you that it can be done, hopefully it can inspire you to achieve this dream. And if you do learn something from here, good to you. Else, again, it does not matter to me. Your trading success is dependent on you, and I could care less whether you are successful or not. You want to be successful is due to the inner drive within you and an unwavering need to be so. My success will be shared with my loved ones, and not you. That's all I have to say. Sign out.

Thanks for starting the journal, I will also advise you to please keep an eye on that EA to ensure it stays in line, someone told me today that no one has ever reached their goal here on FF and we look forward to congratulating you as the first, any chance you will be posting charts?

London Breakout.

Nicely done!

Good luck on your journey, looks like a great start actually!

Wish you luck!!

Not exactly. It gives an impression of a London Breakout because my ea trades when the UK market is on, unless there is a special condition for it to trigger otherwise. Well, the London open is where the bulk of the orders will be available even though I am living in the Asian region. Thanks though for the compliment.

Thanks for the encouragement. I don't think I will be posting much charts as it will show how I trade. I will probably, from time to time, share what I have learnt to be the principles/ideas which have impacted me. Again, it will depend whether I have the time. The only purpose of this thread is to show that one million dollars could be achieved with an initial deposit of 1000, and it would be done real-time at FF. I may blow up and this may turn up to be one big joke. But I don't really care.

In the end, when I make it, it will be a pathfinder for others to follow this and find their own success in Forex. Continue on with my dream....

subscribe, followbravo

Hi HuntingPips:

Is it possible to locate the maximum drawdown of each system (not necessarily yours but in general) ? I looked everywhere but I could not find this vital piece of information, am I missing something?

Thanks.

The only way to turn $1,000 into 1 million in a year or less is to pyramid your winning positions to the limit.

Or you could buy tons of very deep out-of-the-money call or put options in the Futures currency market and wait for a miracle.

Those who bought cheap, deep out-of-the-money put options on the USD/CHF just before the huge down move are now living on Easy Street, at the corner of Big Bucks Avenue.

Dafuq do you even know??


You have an entire thread of your live trade calls that has busted on each and every trade...

Link

And an entire post history that reads like every other market newb...

Put a sock in it, son...wait until your other nut drops...and try to figure out how to win a single fucking trade before you decide to tell others what is possible in this market.

Hi,

This put and call stuff is beyond me. In fact, I was a victim of this SNB episode. One of my account -which was making 2000 plus profit with an initial 1000 deposit- was completely wiped out with a negative balance. This is with a sl and it is 0.23 lot with a -4997.88 negative balance, which translate into a -4819.65 total negative balance. And this is also my first time experience a broker going out of business - Excelmarkets. This episode etched on my memory and make me relook at my trading plan and philosophy - the market is a dangerous place . Imagine starting over again, when it is not your fault. But I persevere as I believe in my trading strategy. And this account shows it works. Hope to live on Easy Street with pavement of gold.

Sorry to hear about your sudden loss after that SNB tsunami. This of course can never happen in the option market, because the most you can lose is the small premium you pay for the option, even if the value of the currency pair (or the commodity) drops to zero. But that's another story.

We all have the same dream my friend, I wish you the best.

I have a question on the 3% daily.
On paper , if calculated 3% daily it is very optimistic, 47070606 for 365 days;

but everyday forex market move different ways,
some day it did not move beyond my '2 lines' anyway,
some days i make more than 3%, or 6%, some days, i take loss
so how do we MM to ensure the 3% is meet... or make sure it is close to 3% daily

Hello Hunting Pips,

Firstly I wish you the best of luck and I will say that I am one that believes it can be done.

As I have had very little to do with trade explorer and never paid very much attention to it I have a question.

How is it that you started with 1000 dollars now you have 7028 dollars but you showing to be down 722 pips for the year?

Is it that your lot sizes for your wins have been extremely larger than your lot sizes of your losses?

Please pardon my ignorance as I am sure there is a simple explanation somewhere.

Kind Regards
Anthm

I repeat what I wrote in another thread (with little modification)

1000$ ----> 1.000.000$ in one year it's very difficult

50.000$ -----> 1.000.000$ in ten years it's much simpler

I don't understand why have to start with small accounts of 100$, 200, 500$, and in only one year turn them into zillions

No Sam, making 3% a day is almost impossible.

Even the best traders and hedge fund managers cannot make 3% per month consistently and with a reasonable maximum drawdown (under 25% of capital), let alone per week or per day!

At first glance 3% a day does not seem much for most traders but it is like multiplying your capital almost 370 times over each and every year (roughly 200 trading days).

.

All of u are right, to a certain extent. If u said it cannot be done, it will not be done. If u said it can be done, u r also right. This thread starts with a dream - to make a million. If I could attain it, good. Else, at least I try.

With regard to the Explorer with negative pips count, I have absolutely no idea. I just keep making my 3% on a daily basis. If I make it, good. Else, the is always tomorrow. I don't really bother with the pips, tbh.

For me, as long as it is mathematically possible, it means it is possible to achieve it. When u say it is impossible, what is ur basis? How sure are u about this impossibility? How certain are u to say it is impossible? Check out Darvas who made millions and beaten all the Wall Street. He was just a dancer. And millions in those days are a lot of money. Tell that to the Japanese trader who made 100s of million. He was a gamer and hooked on to online trading. U can check out his story from Bloomberg recently. Are they just anomalies, or are they inspiration to us that all is possible?

With this, I will not comment further. Ur belief will determine what u think is possible. Anyway, it is still early days. U will never know for certain how the seed will turn out - a good tree or a dead one. Same as trading.

Thanks for your reply, Just not sure I understand your answer. Could you please confirm that what we are reading on the explorer of negative 722 pips but in profit 600 percent is correct?

Just questioning the explorer system that's all.

Kind Regards

your initial guess was right. Averaging down with increasing size

Hello

Trading with excelMarket on swiss franc at the event of snb mean you have a bad star in your sky, I think it will be difficult to you to reach 1M$, you must choose carefuly your broker before starting your travel....
Are you a full time trader ?