FROM $1M to $1000 in 2008

Hello,

I am going to try and turn $1M into $1000. Since everytime someone here makes a post "I will turn $1000 into $1M in 1 year" and then fails I figured I will try the opposite.


Of course I am trying this with play money but is an interesting exercise.

I will not be allowed more than 1 trade per day to do that.

EDIT: I will also limit the risk per trade to 5%

That's an interesting idea. Should be very easy to accomplish if you're using leverage, do you plan to?

Going long say GBP/JPY with anything higher than 30:1 would've accomplished your goal of a 99% loss fairly quickly just today alone.


I didn't see this edit at first. Darn, that takes away the easy path. Good luck in your endeavor!

BOUGHT 100 lots @ 1.4725.
TP @ 1.4800
SL @ 1.4550

1.4750 level should be a good resistance

I wish brokers had reverse trailing stops...

(trailing entry?)

i think you will sucses ... give us the details how u

will do it ... tradejust with 1 lot size.

Ok I just realized that I was "risking" more than 5% but I was only limiting how much I can win.

Well... I will play it by ear but try to never "risk to earn" as well as "risk to lose" more than 5%...

I will leave this transaction open.

Sell 100 @ 1.4675
Sl @ 1.4775
Tp @ 1.4575