1 year profitable trading goal

soon i will be here

Mr.Dan,

welcome!

yes, you can withdraw money, but starting balance needs to be "maintained". For example, if you start with 1000, and make 500, increasing equity to 1500, then withdraw 400, leaving the account with 1100 - the account would still be considered "in-profit" since it's above starting balance of 1000.

Given the above example, if you had subsequent losses of -400, leaving account at 700, it would not be considered "in-profit", since the starting balance is not maintained, as once money is with-drawn, it is no longer considered part of the account equity.

Of course, in terms of determining the winner, overall performance will be compared. Since obviously, if someone ended the year with only their starting balance, but was able to withdraw a huge percentage of profits over the course of the year, their results could be much better with someone else who increased their starting balance, but overall performance was not as good, and did not withdraw anything.

another example:

Trader 1 increases starting balance from 500 to 5000 by end of year, with no withdrawals

Trader 2 maintains starting balance of 50,000 by end of year, but withdrew 100,000 over the course of the year.

Trader 1 increased by higher percentage, but trader 2 made more money, since they had more capital.

I think when the time comes, if there is more than 1 trader who ends their 1 year period at the same time, we can put it to a vote as to who the winner is...

However... Having said all of that... I think this thread is more about recognizing individual achievements, promoting transparency, honesty, patience, humility, respect, and discipline. The goal will be to encourage and recognize as many traders as possible to reach the 1 year milestone, rather than try and compete with each other (I also think it will be rare that 2 traders start the exact same day/time)...

hi op and all traders
although my acc size is really small/insignificant, i would like to participate in this thread, as i think it will be interesting to see where i ll end up after a year (ifnot blow my acc).

Welcome Haickanoz!

Small accounts can be grown into big accounts. If you start off with $100, and double it each year, do you know how much your account would be in 10 years?

$102,400

I also think you'd be full-time profitable trader with these results long before this...

And that is LESS than 1% a day profits.

Take it slow. No pressure. Control your risk. Take only good opportunities. Wish you success!

kind regards,
B

Thanks Benaiah, wow thats interesting, havn t realize about that figure before
for my small/insignificant acc, doubling it in 1 year sound doable/possible, because with my style of weekly swing trading (that am experimenting for 3 months now) my trade avgs are 2-3 weeks,or a month and it is difficult for me to set daily % target
hmmm... with my $77.50 acc doubling means to achieve $155 at the year end. I'll try

Count me in .. I like this challenge. I am shooting for 1%+ a day or 25%+ a month as a minimum

Dumb question here about Trade Explorer. How do I get it to show the All Time Return instead of Today's Return in my TE ?

Hi JUP,
To show the "all time stats", go to your profile, under yr trade explorer tab, click n select all time stats from the drop down list of selection. Done
Hope this helps

Thanks Haikanoz .. still showing my daily return ..

Also, I have myfxbook account created and tracking same account, but I am not sure how to add that into my signature either ...

I'm out due to my platform being ctrader

Hello, I just opened a new account for the soul purpose of participating in this thread. I think it will be interesting to see how many people who initially participate in this thread stick it out for a year. Of course I plan to be one, but I guess everyone says that - time will tell..

Click Setting on your profile and Edit.
Put your link on Signature. You can choose only one or both depend on your preferences.
Click Save Setting.

You could put a link to myfxbook, as ctrader is supported there...

Hope everyone has a good week!

i dont understand why on myfxbook, my gain writed 290%, but in this ff is 140%, which one should i refer ?

You could check the math? Sometimes it depends on where the equity was at when the calculation was made. But I suspect myfxbook is more accurate...

edit: I've also noticed that sometimes FF TE may be "incorrect", but later on it corrects itself and all in all, I don't think it will matter that much in the long term, in that the end results will be evident...

OK, will try it again

Thanks to all who helped and tried to help

hmm... never felt comfortable today. More than 3 hours chart time... fought back to slightly in green for the day. Hope tomorrow is better...

I think I could have held my last 2 trades for more, but decided to call it a day. Some days it's good to just end the day with capital protected. I think today was one of those days for me...

At the end of each week/month, I'll post the top performers, by linking their trade explorers to this thread.

Top 2 performers will be determined by % increase of their account, as well as overall performance. For example, someone who has maintained a green account for longer period of time will be considered a better performer, verses one who may have huge increase, but prior days, weeks, and/or months were in red. We're in this for the long haul! So, lets trade smart

Also, as a reminder to be considered part of this challenge, you'll need to have a live trade explore. For those who upload link to myfxbook account, I'm not sure there is a way to verify the date of your last deposit, which would also be considered start date of account, in order to recognize your performance. If there is a way, let me know, and I can include you...

And finally, if you have a TE, but you don't post on the thread, or if you do not include your TE as a signature on your post, you may not be recognized. I don't know how many traders we'll end up with, and I don't want to go searching profiles for TEs...

Look forward to some good results this week!