"The Plan": Turning 500$ into... A TRILLION DOLLARS!

[Buckscoder]

Definitely. There is Cleveland. And Detroit.

Well, I keep that for vacation then.

Cleveland in Texas is not so bad.

[forexdimension]

“The Plan”

Therefore, being the actuary that I am, it only took me a few minutes to realize the possibilities of continuous growth. Some of you may already know what’s coming, for others, just look at those numbers:

50 pips per day
50:1 leverage
lots of 10% (500$ account = 25 000$ with leverage = lots of 2500 units), rounded to the nearest 500 units

This means that I get 0.05$ per pip per 500 units.

1st day @ 50 pips, 2500 units: 12.50$ per day
5th day @ 50 pips, 3000 units: 15$ per day
12th day @ 50 pips, 3500 units: 17.50$ per day
18th day @ 50 pips, 4000 units: 20$ per day
23rd day @ 50 pips, 4500 units: 22.50$ per day
27th day @ 50 pips, 5000 units: 25$ per day

See how faster it increases?

56th day @ 50 pips, 10000 units: 50$ per day
58th day @ 50 pips, 10500 units: 52.50$ per day

This is getting crazy…

73rd day @ 50 pips, 15000 units: 75$ per day

And that is if I average 50 pips a day… But remember? I’m arrogant with all that demo success, so I KNOW that I can go faster. To give you an idea, at 75 pips a day, I trade 10000 units for 75$ per day on the 39th day (instead of 56th).On a 100-day range, I transform 500$ into 19 750$ at 75 pips per day. Just for fun, I looked at the results with 100 pips per day: 65 975$ in 100 days.

Yeah, that’s more like me!

So I go live with the following setup:

• Trades taken anywhere from sunday evening to thursday night, closed by friday at noon (EST)
• I’m not leaving my job so I don’t need more than 1-3 hours per trading day
• Rather tight stop loss (can’t do it all wrong!)
• 2 simple trend-friendly systems: one with MA + PSAR + MACD and another consisting of simple breakouts

[B]** I don’t want to go into details about the systems I use, they are rather simple and are already explained in quite a few threads in these forums **[/B]

i think i love your simple strategy of trding, and i think having a plan in place is the great stratey any one will ever have. keep it up any and i love to learn from this system…now keep sharing we are learning.

[optimistic911]

you should track your performance in % increase/decrease rather than pips. it’s consistent across markets and between traders.

so far you’ve got:
may 26: -1.32%
may 27: -0.70%
may 28: -0.85%

may 31: -7.33%
jun 01: +15.77%
jun 02: +6.97%
jun 03: +3.69%

very nice comeback into june btw!

Did u use a software to calculate?

[ultfrisbee]

Did u use a software to calculate?

I keep track of the following informations in Excel:

trades (in, out, date, pair, reason)
account balance (at the end of the day)

So it’s pretty easy to get those stats.

[ultfrisbee]

Hey folks!

Won’t have much time to update week 6, I’m flying out for a competition this afternoon and will only be back on monday.

But I’ll give you some info (without numbers, as I don’t have them with me). It’s been a hard week. I couldn’t trade as much as I wanted as I was quite busy IRL with the competition, so I decided to overcome that by taking as many trades as I could while I was online (yeah I know, that’s pretty much stupid). The result is that I’m pretty much breakeven for this week. Good thing is that I learned something:

Stupid hurried trades are stupid and hurried and will usually result in a loss.

Have a nice weekend and to all the american folks, good celebrations!

[ThePipPunisher]

What competition?

[optimistic911]

Hey folks!

Won’t have much time to update week 6, I’m flying out for a competition this afternoon and will only be back on monday.

But I’ll give you some info (without numbers, as I don’t have them with me). It’s been a hard week. I couldn’t trade as much as I wanted as I was quite busy IRL with the competition, so I decided to overcome that by taking as many trades as I could while I was online (yeah I know, that’s pretty much stupid). The result is that I’m pretty much breakeven for this week. Good thing is that I learned something:

Stupid hurried trades are stupid and hurried and will usually result in a loss.

Have a nice weekend and to all the american folks, good celebrations!

I wish you the success. We can’t wait to have you back.

[naughtypip]

What competition?

my guess is in his name. . .

[ultfrisbee]

my guess is in his name. . .

Exactly!!!

[ultfrisbee]

Ok, so now I’ll have 2 more stupidly busy weeks IRL where I won’t be trading much but rather take some longer term trade (i.e. long USD/CHF with 120 pips TP). But then, I’ll restart updating more frequently and with more details.

As of today, I’m back to +55% on my account (yeah, I actually had a bad week). On the other hand, I’m happy if I can average +50% monthly!

[ultfrisbee]

long USD/CHF with 120 pips TP

Fortunately, I locked in +20 pips at some point and then it got stopped.

[Mercia]

Ive finally gone live!

I posted my own thread just to keep track of my strat! 301 Moved Permanently

[Investorfinance23]

LMAO…2014 has come and still i never heard about someone who has a networth of 1 trillion USD ,where are you these days or i guess the forbes magazine did not find you yet ?

[PipMeHappy]

LMAO…2014 has come and still i never heard about someone who has a networth of 1 trillion USD ,where are you these days or i guess the forbes magazine did not find you yet ?

Laughing :))

[Investorfinance23]

Laughing :))

Yea man these noobs have seriously no idea about the roller coasters and the emotional & psychological traumas they are going to face in trading.If it,s that easy then i guess most people around would be trillionaires.

[PipMeHappy]

Yea man these noobs have seriously no idea about the roller coasters and the emotional & psychological traumas they are going to face in trading.If it,s that easy then i guess most people around would be trillionaires.

…Are we talking about a trillion Zimbabwean Dollars?

In that case, there would be many trillionaires ;))

[Investorfinance23]

…are we talking about a trillion zimbabwean dollars?

In that case, there would be many trillionaires ;))

lol…

[PipMeHappy]

[B]Any update? [/B]

[Investorfinance23]

[B]Any update? [/B]

He don,t have a time to update his thread,he is now probably too busy partying with topless hot chicks on a $500 million yacht somewhere in the caribbean sea lol

[PipMeHappy]

he don,t have a time to update his thread,he is now probably too busy partying with topless hot chicks on a $500 million yacht somewhere in the caribbean sea lol :d

probably