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Experiment: $100 to $1,000,000 USD in 155 Steps

  • #21
  • May 26, 2006 2:47am May 26, 2006 2:47am
I like your plan, but I think that one year is much too slow for me. The market moves hundreds of pips each day. Every day the EUR/USD has a range of over 100 pips. So I figure, why not catch about 100 to 200 pips each day?

If you only risk, say, 30 pips to make 100, and if you risk 20% of your capital each trade, then each trade will increase your capital by 67%.

If you do one trade each day, and increase your capital by 67%, your $119 will grow to $20,000 in only 10 trading days, and $3.4 million in only 20 trading days!

I think this is a more enjoyable plan, because then you can retire for the remainder of the year and enjoy spending and giving away all your money.

I hope that you don't spend it all on yahts and silly things like that, but rather on helping the poor, sad, sick and lonely. And don't forget to help the victims of government injustice.

After you've spent or given away most of your $3.4 million, then you can trade for another 10 or 20 days, and repeat the same procedure each year.

I recommend this approach over yours, unless you are trying to develop patience.

Furthermore, if your plan takes about 1 year, by that time there could be some kind of nuclear war or martial law or global pandemic. So it's better to make all your money in two weeks or less, and then have more time to enjoy it and to do good in the world. Perhaps you could fund a world peace plan so that we can all have more time to live and not have to worry about wars, plagues, depressions and the like.
  • #22
  • May 26, 2006 4:04am May 26, 2006 4:04am
The math is supportive. I'm looking forward to watching this unfold, personally.

Good luck! I mean that sincerely!
Capital Preservation is key to long term wealth accumulation
  • #23
  • May 26, 2006 4:29am May 26, 2006 4:29am
Well I must admit when I saw the first post, I was worried about an advertizement. But the thread looks like it can stay... There are no promotions...

It will be fascinating to see how this unfolds... It is a mighty bold plan...

Thanks Scott
  • #24
  • Edited 5:23am May 26, 2006 5:18am | Edited 5:23am
Quoting itme
I like your plan, but I think that one year is much too slow for me. The market moves hundreds of pips each day. Every day the EUR/USD has a range of over 100 pips. So I figure, why not catch about 100 to 200 pips each day?

If you only risk, say, 30 pips to make 100, and if you risk 20% of your capital each trade, then each trade will increase your capital by 67%.

If you do one trade each day, and increase your capital by 67%, your $119 will grow to $20,000 in only 10 trading days, and $3.4 million in only 20 trading days!

I think this is a more enjoyable plan, because then you can retire for the remainder of the year and enjoy spending and giving away all your money.

I hope that you don't spend it all on yahts and silly things like that, but rather on helping the poor, sad, sick and lonely. And don't forget to help the victims of government injustice.

After you've spent or given away most of your $3.4 million, then you can trade for another 10 or 20 days, and repeat the same procedure each year.

I recommend this approach over yours, unless you are trying to develop patience.

Furthermore, if your plan takes about 1 year, by that time there could be some kind of nuclear war or martial law or global pandemic. So it's better to make all your money in two weeks or less, and then have more time to enjoy it and to do good in the world. Perhaps you could fund a world peace plan so that we can all have more time to live and not have to worry about wars, plagues, depressions and the like.
Hey, interesting post.

The reason I'm not going for the max amount of pips is because I'm going to try to be picky about the deals I enter. If I see a strong sign of movement I'll grab it. I want to make sure that every step taken is a successful one. The more deals I attempt to make, the more likely they are less thought out and as a result my odds of failure increase.

I am not bounding myself to some time schedule though. In fact, I've gained 13 pips into step 2 just hours after I posted about step 1 being complete. Not to say that is impressive by any means, but I took 13 pips that I felt strongly about. I didn't enter into a random trade and hope for the best. Besides, EURO has been hard to predict yesterday/today. Hopefully that changes!

Thanks for the suggestions about what could be done with the money. I'll take those into consideration
  • #25
  • May 26, 2006 5:55am May 26, 2006 5:55am
Very interested. I too have a similar chart laid out to go from 5000 to 400,000 in one year and on to over 25 million by the end of the second year. I was able to follow the chart for the duration of a practice account on two occasions thusfar... so we'll see how I fare with real cash. I am starting a micro account with $500 soon and will re-calculate my chart with the smaller amount to see if I can stay on target.

Best of luck.
  • #26
  • May 26, 2006 6:22am May 26, 2006 6:22am
good luck with your strategy - i'll be keeping an eye on this thread.

you're right about today - its been a very narrow range so far. Probably get a couple of moves later with the news at 8:30EST news.
  • #27
  • May 26, 2006 7:29am May 26, 2006 7:29am
The EUR/USD has DOWN written all over it to me this morning. If you can justify it to yourself, I suggest shorting it asap. The price now is 1.2794. It is mostly down from here. Throw everything at 'er and get on with becoming a millionaire! I'm doing it - only I'm shorting GDP/USD because I think it will probably move more downwards. If you want to be fussy, let EUR/USD rise to about 1.2810 before entering your short position and then HOLD! Don't eject until your account has increased by 67% or more. It's going down to at least 1.2620, which is 170 pips south of here. If the news releases are good for the USD, then so much the better. If they aren't then they will probably make an upwards spike if they are impactful enough, but won't change the overall destiny of the market.
  • #28
  • May 26, 2006 7:42am May 26, 2006 7:42am
THE spike up on the EUR/USD and GDP/USD caused by the less than expected core PCE of 2.1 yoy is your entry opportunity. Catch is around 1.2820 if you can and enjoy the 67% daily rise in capital. 20 days is much superior than 150 to be a millionaire!
  • #29
  • May 26, 2006 8:04am May 26, 2006 8:04am
Quoting itme
The EUR/USD has DOWN written all over it to me this morning.
How are you judging this? As far as the numbers you are stating, this would bring it down to 38.2 Fib level on a 4H chart, but how are you so sure about it? Maybe it will just shoot up, and to put all of your money into it, hm...
  • #30
  • May 26, 2006 8:33am May 26, 2006 8:33am
Hello Bob,

A great idea! In order to make this thread more convincing, could you publish a copy of your live trading account statement? Once a week will do the job. I understand you can't give your trades in advance or in real time. Me too I am too busy when I am in a trade and can't update a thread in the same time. But it would be nice if we could get a bit more from you than: "I DID this and I DID that".

CM
  • #31
  • May 26, 2006 8:39am May 26, 2006 8:39am
Don't risk all of your capital, just 5, 10 or 20% in each trade.

You have to risk some capital to make some capital. Especially if you want to turn $119 into $3.3 million in just two weeks.

So I recommend holding the GBP/USD short position until it reaches 1.8550.

If you got in at 1.8710 as suggested, that will represent a gain of 255 pips after paying the spread.

If one risked 20% of capital on that trade, with a stop of 30 pips, then the return on capital will be 170%.

It could take a day or two to meet its target, but nevertheless our intrepid trader will be well on his way to being a millionaire in only two short weeks, starting at only $119.
  • #32
  • May 26, 2006 8:52am May 26, 2006 8:52am
I recommand to split this thread. I'm not interested in hearin' anybody flames,
opinions and apologyz. No offend taken, but a little slap is meant to be.

So, maybe we could have one thread experiment and one called "A 1001 unnecessary comments and opinions?" ;-)

I'm curious about your educational background FCX Investments. (Btw, shall
we google, to find the service you're offerin!? ;-)

What have u done so far? Not about tradin'. In live. For what kind of companys
have u worked for? Do you have been to college? How did you like math in
school? What kind or reports about forex u like? (Am i noisey?)


Btw, i don't see any use in this thread, if it's only like - I've archive goal x
today, goin' for goal y. I think it's quite interestin', but if you don't post pics
from time to time about where have u entered and why and what kind of
indicators have fooled or supported you - than u could as well just post the
result here after a year or so. - If you're interested in doin' so anymore then.

regards,

tojoko

PS: Don't good luck. Somebody gotta pay the bills. If u earn - somebody else
will loose.

PPS: Fast earned money is often wasted foolishly

PPPS: The futher u get, the harder it will be. You don't worry much about a
100 Dollar account. But, how will it feel like to play with high leverage when
u are at 100,000 Dollars?
  • #33
  • May 26, 2006 9:00am May 26, 2006 9:00am
CatMan,

Thanks! Yes, I will definitely do this. At least a little snap shot of the account balance via screen shot will be nice.

itme,

I got the rest of my pips for step two going short (however, did it before I read what you wrote) . Current level is 1.2735 as I type this.
  • #34
  • May 26, 2006 9:07am May 26, 2006 9:07am
STEP 2: COMPLETED (5/26/06):
3,000 B 1.2782 - S 1.2787 = 5 pips
3,000 B 1.2781 - S 1.2784 = 3 pips
3,000 S 1.2783 - B 1.2778 = 5 pips
3,000 S 1.2790 - B 1.2779 = 11 pips
Comments: The first 3 trades were placed on 5/25/06. The last trade caught the drop. I was alerted to wake up because of the sudden movement via text message. I may attempt step 3 today!
Profit: $7.20 (0.30/pip)
Previous account balance: $126.45
New account balance: $133.65
  • #35
  • May 26, 2006 9:23am May 26, 2006 9:23am
Quoting tojoko
I recommand to split this thread. I'm not interested in hearin' anybody flames,
opinions and apologyz. No offend taken, but a little slap is meant to be.

So, maybe we could have one thread experiment and one called "A 1001 unnecessary comments and opinions?" ;-)

I'm curious about your educational background FCX Investments. (Btw, shall
we google, to find the service you're offerin!? ;-)

What have u done so far? Not about tradin'. In live. For what kind of companys
have u worked for? Do you have been to college? How did you like math in
school? What kind or reports about forex u like? (Am i noisey?)


Btw, i don't see any use in this thread, if it's only like - I've archive goal x
today, goin' for goal y. I think it's quite interestin', but if you don't post pics
from time to time about where have u entered and why and what kind of
indicators have fooled or supported you - than u could as well just post the
result here after a year or so. - If you're interested in doin' so anymore then.

regards,

tojoko

PS: Don't good luck. Somebody gotta pay the bills. If u earn - somebody else
will loose.

PPS: Fast earned money is often wasted foolishly

PPPS: The futher u get, the harder it will be. You don't worry much about a
100 Dollar account. But, how will it feel like to play with high leverage when
u are at 100,000 Dollars?
tojoko, Great post!

I will probably copy all of my step progresses (or all my posts relevant to the task) to a blogspot page at some point to better organize. I would continue writing here though because I enjoy the chat.

Google my service? haha. I wish I had a service to offer. I don't have an exciting working/educational background. I've lived on my own, self-employed, for the past 3-4 years. I've mostly done sales (the ebay thing), advertising, wholesale, etc. I have another forex account that I take more seriously and make a good income from. I went to college for a year before deciding it wasn't for me. The field of major was to be computer networking. I am a math/science guy (as opposed to the other type of person - english/history). The reports I use aren't necessarily the best, they're just what I've been used to. I've use the free charts from investoolsct.com since day one. It was just the first chart I found when I began trading in Jan, 06. I also use MG Forex Group's charts and MetaTrader.

I hope this thread can remain interesting throughout an entire year of updates. I will certainly be posting screen shots. Probably at the end of every 5-10 steps completed or so. I really didn't want to get into screen shots of charts pointing out why I did what at what second of the day.

Good point about feeling differently when the sum of the balance increases drastically. I will TRY my hardest to remain the same. I'd like to think that I am treating my decisions now as if the account balance were as high as that, but deep inside I know that's probably not entirely true.
  • #36
  • May 26, 2006 9:29am May 26, 2006 9:29am
This came from N. DeP. he is from Canada and it makes sense but having NO loses in this market it a hard reality. But you can take it for what it is worth….



THE STRATEGYStudy more, do not rush, do not get greedy, patient, patient…
The successful in FOREX is not how many trades you gain per-day,
neither how much pips you gain per trade, but minimum or NOT
losing any trade.
You only need gain 10 pips per day, consistently with minimum or
almost NO lost to make 150-200 K/ year.
You can do it if and only if you make 10 pips / day NO LOST.




The PLAN math:
You open an account for $1000.
You make 1 trade a day (2 in most but just say only one for sure),
and 2 mini lot, make $20/day x 5 day = $100./week/ $400/month.
Do this for 2 months—January & February
March 2007-acct. = 1,800, you trade 4 mini lots, make $800.
April 2007-acct. = 2400, trade 6 mini lots make 1200
May 2007-acct. = 3600, trade 8 mini lots make 1600
June 2007-acct. = 5200, trade 10 mini lots, make 2000
July 2007-acct. = 7200, trade 15 mini lots, make 3000
August 2007-acct. = 10,200 switch to standard account,
trade 2 STD LOTS; make 1000/week, 4K per month.
September 2007-acct. = 14,200 trade 3 STD LOT, make 6K
October 2007-acct. =20.2K trade 4 STD LOT, make 8K
November 2007-acct. = 28.2K trade 6 STD lot make 12K
December 2007-acct. = 40.2K trade 8 lot make 16 K.
Total for year, app. 56K.
After 1 year, from 1K , you make 16 K / month, 192K per year
( and so on if you want, and after 1 year experience, then you can
make 2 trades per day)
All of that is ONLY 10 PIPS/ TRADE/ DAY IF and ONLY IF you gain
100% ( or almost) 10 PIPS.
(I think most of us could live on this type of income--don't get
greedy)

Will give the trading stradagy when I find it.

FXCI, GO FOR IT!!! The harm you can do is NOT trying......
  • #37
  • Edited 9:58am May 26, 2006 9:30am | Edited 9:58am
As long as nothing is being promoted, This member has as much right to post in his own journal as anyone does.
I do not need to know the member's credentials to determine if he has the right of free speech.

The member starting this thread has already said they will post a screen shot of a statement. At worst it is entertainment. At best we may learn something.

Scott

Ps, If anything is promoted or if the member becomes hostile I am sure it will be deleted... But it seems fine to me.




Quoting tojoko
I recommand to split this thread. I'm not interested in hearin' anybody flames,
opinions and apologyz. No offend taken, but a little slap is meant to be.

So, maybe we could have one thread experiment and one called "A 1001 unnecessary comments and opinions?" ;-)

I'm curious about your educational background FCX Investments. (Btw, shall
we google, to find the service you're offerin!? ;-)

What have u done so far? Not about tradin'. In live. For what kind of companys
have u worked for? Do you have been to college? How did you like math in
school? What kind or reports about forex u like? (Am i noisey?)


Btw, i don't see any use in this thread, if it's only like - I've archive goal x
today, goin' for goal y. I think it's quite interestin', but if you don't post pics
from time to time about where have u entered and why and what kind of
indicators have fooled or supported you - than u could as well just post the
result here after a year or so. - If you're interested in doin' so anymore then.

regards,

tojoko

PS: Don't good luck. Somebody gotta pay the bills. If u earn - somebody else
will loose.

PPS: Fast earned money is often wasted foolishly

PPPS: The futher u get, the harder it will be. You don't worry much about a
100 Dollar account. But, how will it feel like to play with high leverage when
u are at 100,000 Dollars?
  • #38
  • May 26, 2006 9:31am May 26, 2006 9:31am
I'd like to point out that I'm in the USA, more specifically Eastern Standard Time. Just wanted to make it clear that if I talk about 'today', it means the daytime over here in the USA.
  • #39
  • May 26, 2006 9:37am May 26, 2006 9:37am
Quoting pappapips
This came from N. DeP. he is from Canada and it makes sense but having NO loses in this market it a hard reality. But you can take it for what it is worth….



THE STRATEGYStudy more, do not rush, do not get greedy, patient, patient…
The successful in FOREX is not how many trades you gain per-day,
neither how much pips you gain per trade, but minimum or NOT
losing any trade.
You only need gain 10 pips per day, consistently with minimum or
almost NO lost to make 150-200 K/ year.
You can do it if and only if you make 10 pips / day NO LOST.




The PLAN math:
You open an account for $1000.
You make 1 trade a day (2 in most but just say only one for sure),
and 2 mini lot, make $20/day x 5 day = $100./week/ $400/month.
Do this for 2 months—January & February
March 2007-acct. = 1,800, you trade 4 mini lots, make $800.
April 2007-acct. = 2400, trade 6 mini lots make 1200
May 2007-acct. = 3600, trade 8 mini lots make 1600
June 2007-acct. = 5200, trade 10 mini lots, make 2000
July 2007-acct. = 7200, trade 15 mini lots, make 3000
August 2007-acct. = 10,200 switch to standard account,
trade 2 STD LOTS; make 1000/week, 4K per month.
September 2007-acct. = 14,200 trade 3 STD LOT, make 6K
October 2007-acct. =20.2K trade 4 STD LOT, make 8K
November 2007-acct. = 28.2K trade 6 STD lot make 12K
December 2007-acct. = 40.2K trade 8 lot make 16 K.
Total for year, app. 56K.
After 1 year, from 1K , you make 16 K / month, 192K per year
( and so on if you want, and after 1 year experience, then you can
make 2 trades per day)
All of that is ONLY 10 PIPS/ TRADE/ DAY IF and ONLY IF you gain
100% ( or almost) 10 PIPS.
(I think most of us could live on this type of income--don't get
greedy)

Will give the trading stradagy when I find it.

FXCI, GO FOR IT!!! The harm you can do is NOT trying......

Sounds like the author is on the same page. I wonder if they follow it themselves? I've seen plenty of math like this thrown around when I've Googled forex in the past. I wonder if anyone else has actually done anything like this?
  • #40
  • May 26, 2006 9:39am May 26, 2006 9:39am
Quoting sundownz
Very interested. I too have a similar chart laid out to go from 5000 to 400,000 in one year and on to over 25 million by the end of the second year. I was able to follow the chart for the duration of a practice account on two occasions thusfar... so we'll see how I fare with real cash. I am starting a micro account with $500 soon and will re-calculate my chart with the smaller amount to see if I can stay on target.

Best of luck.
Very good! I suppose I should have began in demo to see what would happen, but the anticipation was eating me alive. Good luck achieving your goal!
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