10K to 1Million (Max 2% Risk) | Forex Factory

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10K to 1Million (Max 2% Risk)

  • #1
  • First Post: Jul 21, 2016 11:43am Jul 21, 2016 11:43am
Thread to track my progress.
  • #2
  • Jul 21, 2016 12:17pm Jul 21, 2016 12:17pm
OK, how long will it take? I mean when will I be a millionaire if I copy your trades?
  • #3
  • Jul 21, 2016 12:21pm Jul 21, 2016 12:21pm
Good luck again Mike
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #4
  • Jul 21, 2016 12:29pm Jul 21, 2016 12:29pm
With 2% compound risk on each trade, it'd take you 233 net profitable trades to reach a million. (Assuming you have 1:1 risk/reward ratio).
Very possible!

Good luck mate!
  • #5
  • Jul 21, 2016 12:34pm Jul 21, 2016 12:34pm
Quoting marian
OK, how long will it take? I mean when will I be a millionaire if I copy your trades?
LOL.. well I hope in 1 year both of us will be Millionaires already.

But seriously, my plan is only to at least make 2% profit per day meaning two successful 1% risk-to-reward trades. But of course I don't win all the time right. hahaha
  • #6
  • Jul 21, 2016 12:37pm Jul 21, 2016 12:37pm
Quoting michisuperfr
Good luck again Mike
Hi michisuperfr,

Thanks bro. Sorry last time I left FF because I was trying to win back my money first because of a stupid trade before sleeping and forgot to put the SL. When I woke up, I was down like $1700.

But luckily I managed to recoup my losses and now my account grew more up to 10k. So my promise to myself is to go back to FF once my account reaches 10k and now I am here again.
  • #7
  • Jul 21, 2016 12:39pm Jul 21, 2016 12:39pm
Quoting AimBig
With 2% compound risk on each trade, it'd take you 233 net profitable trades to reach a million. (Assuming you have 1:1 risk/reward ratio). Very possible! Good luck mate!
Yes, 2.01% to be exact every day if I manage to successfully trade two 1% risk-to-reward trades with no losses and there are days I don't trade due to my full-time IT consultant work.

Thanks mate. I need all the luck. Cheers
  • #8
  • Jul 21, 2016 1:21pm Jul 21, 2016 1:21pm
Quoting scalpermike
{quote} Yes, 2.01% to be exact every day if I manage to successfully trade two 1% risk-to-reward trades with no losses and there are days I don't trade due to my full-time IT consultant work. Thanks mate. I need all the luck. Cheers
Part time trading? That's tough!

The path will be rough and fun! I hope you succeed in your goal.
  • #9
  • Jul 22, 2016 4:17am Jul 22, 2016 4:17am
Hello Mike, how do you scalp, what is your trading method, can you show me an example?
Looking for profitable short term trades ...|
  • #10
  • Last Post: Jul 22, 2016 12:55pm Jul 22, 2016 12:55pm
Quoting Js3mwtRc
Hello Mike, how do you scalp, what is your trading method, can you show me an example?
7I would probably expose my strategy once I reach a target lets say 50K My strategy is not perfect. I have bad days like today. Today was a very bad trading day for me.
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