{quote} I scalped a few shorts with profit today. Currently, I have 1 long and 4 short positions in place on EUR/USD. Short TP = 1.0823. Current progress so far: 11 Level 1 (demo) accounts are finished at +100% ROI. 4 Level 2 (Live) accounts are finished at +100% ROI. 7 Level 2 (Live) accounts started with $100. 4 Level 3 (Live) accounts started with $400. Current Net Equity results from best to worst: #4 Level 3 = $423.30 (+5.83%) (5 trading days) #2 Level 3 = $423.10 (+5.78%) (5 trading days) #3 Level 3 = $419.62 (+4.91%) (5 trading days) #1 Level...
It's starting to get boring. Just a little bit everyday. But that's how you know you're now set to make consistent gains daily for the long term. It's supposed to be boring. Getting rich is not exciting.
It's just adding a little bit to your stash everyday.
Be content with small gains. It all adds up over time.
Especially when it's compounded gains.
Gambling and losing is exciting. That's the poor man's game.
Currently on EUR/USD, I have 1 long, TP 1.087, which is near today's high, and 6 shorts, TP 1.0823, which is slightly below the day 200 SMA.
My average combined return for each of my 11 accounts (Demo + Live) has now bypassed +200%.
This was accomplished during an average of a little over 2 months of trading per account.
Where would tripling my account every 2 months get my current $2,529 in 6 months if I don't withdraw anything at all?
Do the math.
In 6 months? $68,283.
In a year? $1.84 Million.
In 2 years? $1.34 Billion.
In 3 years? $980 Billion.
If this were logistically possible, it would make me the richest man in the world in less than 3 years unless somebody else keeps up with me.
But of course they won't let it happen.
Besides that, I will of course withdraw 30-50% of the profit along the way. And then I might be so busy doing other things I want to do and not have as much time to trade. So, most likely my average compounded trading growth per day will keep going down.
As well as my leverage being reduced once I get into the multi-millions.
It will likely take me a lifetime to get to a billion dollars just trading Forex. So I might, of course, start buying crypto, precious metals, and stocks with dividends, to improve my overall compounding growth.
But I will likely continue trading Forex until the day I die, because maybe gambling is in my blood?
Current progress so far:
11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.
Current Net Equity results from best to worst:
#1 Level 3 = $436.62 (+9.16%) (11 trading days)
#4 Level 3 = $423.30 (+5.83%) (6 trading days)
#2 Level 3 = $423.10 (+5.78%) (6 trading days)
#3 Level 3 = $419.62 (+4.91%) (6 trading days)
#6 Level 2 = $159.61 (+59.61%) (34 trading days)
#10 Level 2 = $138.98 (+38.98%) (19 trading days)
#9 Level 2 = $131.00 (+31.00%) (22 trading days)
#5 Level 2 = $126.09 (+26.09%) (35 trading days)
#7 Level 2 = $117.12 (+17.12%) (34 trading days)
#11 Level 2 = $82.01 (-17.99%) (16 trading days)
#3 Level 2 = $71.56 (-28.44%) (37 trading days)
Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,529.01
Profit +$629.01 (+33.11%) (16-45 trading days)
Overall equivalent results of Total (Demo + Live) accounts combined (11 Level 1 (Demo) accounts @ $200k each + Level 2 & 3 (Live) @ current % ROI)
Deposit = $1,100,000
Net Equity = $3,355,380
Profit = $2,255,380 (+205.03%) (30-70 trading days)
Average 46.18 trading days per account (11 Demo + Level 2 & 3 (Live) accounts combined)
Average +2.44% ROI per trading day (+12.81% per week, +68.62% per month) compounded.
You cannot fail if you never give up.
