From €1,000 to €1M

Hi there,

now that's a title, quite provoking, eh? Hope mods won't change it.

Ok. I blew dozens of accounts. I gambled way too often, I've been through everything. Call this my last (public) attempt.
I want to make one million out of one thousand within 20 years.

Is it possible? Yes.
Is it likely? Most definitely NOT.

Currently I do grid trading with many tiny orders above the current price (for long and vice versa for short) in a distance with 20 pips and a tp of 25 pips and no stop at all. This can and will work for quite a while without maintenance at all but obviously from time to time the "danglers" have to be removed/closed. Order size would be 100 units for a $1k account.

This works very well for trends and ranging markets as long as the general bias is correct. For a rough direction I just take a look at the weekly chart. If it goes up, well... you get the picture I guess.

I will see that I post some examples. I've attached a trade explorer as well.

Just a note: Yes, I have that "red badge". I am a "high impact member". Oh well, couldn't be less true actually. I think I'm the living example of failure. But... I'm still here, so let's start!

Current bias:

EUR/JPY - short
EUR/USD - short
GBP/CHF - long
Silver - long

3% per month, 20 years ? sounds like a reasonable goal to aim for as far as risk is concerned it's a good plan.
But I'm not sure if FF will still be around in 20 years so public attempt after all may not be so much public but private attempt.


You haven't failed if you haven't given up yet, what I am really curious is if you know your game from A to Z, do you know what you're doing ? for an attempt such as this to turn xx amount into yy amount in zz time period is all nice and everything but it's an empty promise if you don't know how to trade ? (because I was there many times )

On the other hand if you know how to trade, you shouldn't be settling on 3% a month but more like 10-30% a month ? maybe more depending on your method and your skill considering the opportunity cost you want to get out as much as you can while you can don't you think ?

It looks a bit schizophrenic to state that it's most definitely NOT doable, then you trying anyway !?

I hope (for you) that during those 20 years of waiting, you will spend also some time trying to trade properly.

Good luck anyway

@piquant: Thanks! I think it's more likely that FF is still around than me then. And yes I know what I'm doing actually. 10-30% per month are doable but I don't want to stress myself anymore.

@broketrader: Thanks as well. Schizophrenic... Hmm... Now that could be! HA! Regarding trading: What is "properly trading"? For me it's properly when I earn more than I lose in the end.

okayyyyy follow your journey broooo

Properly, you just defined it... "to earn more than to lose in the end...", I meant that I just don't think a grid will bring you that but maybe you master that technique...

Alright, I thought about what you said broketrader and will try some other stuff with more clearly defined SL levels for now. It's not that I think the grid won't work but it's no fun at all actually. Will do some swing trading for a while...

What I see in your return chart is what I see in (almost) all grid systems, they work very well until the day they plunge and from there I rarely see them returning to positive or even break even point, in fact, as time passes, the situation becomes worse and worse so beware of it!

I don't pretend that I know all about grids, far from it, and maybe there is a way to master them but I still haven't seen anyone doing it. Maybe they involve a great part of good judgement in assessing when things could go bad and eventually exiting all the positions at that time, the problem is that it's at that exact moment that all sort of feelings come into the equation, fear, hope, greed, you name it, hence the complexity.

Take care as your account is not yet too far in the red, I think that your swing trading idea is a good one.