How to start with $100 and turn it into 1 Million in 100 trading days!

[Pajo]

I am interested to see how this goes, too. I suspect that most successful traders find it very hard, for whatever reason, to adequately describe their thought processes. Discussing actual trades may be the best way to handle this.

Good luck, Pajo.

[leandar]

Your thread will close if you make huge amounts of money


$2.74 To $2740 within 10 days

Giordano Bruno told "The earth goes round the sun"

[Master Tang]

Ok... thanks everyone who's contributed and wished me good luck so far... It's appreciated! I will respond to everyone who's commented in the next day or so, but now it's time for me to contribute to this thread what it really needs, and what I can't believe I've overlooked so far!

A Plan

I started this thread as something fun..but more importantly, to show what it takes to be successful. Well, it's time I make good on that intention.

To be honest, I feel a bit embarrassed about how my first day out went. I knew this would take more preparation than even my own trading in my primary account does, and I didn't give it the respect it deserved.

So, i'm going to carry over some of my own rules for trading to this project. I will be posting them up, and I won't be trading anymore here until I do so.

Now...forget setups, forget methods: This is what trading excellence is really about - Self Control and Habitual Excellence via a comprehensive plan that restricts impulsive action, and reinforces an a series of optimal performance actions.

I don't have time at the very moment to put this plan down here, but I will be starting on this tonight. This will take some time, and until then, I won't be taking any trades here. But rest assurred, I think that most folks will find this aspect of trading more helpful than most other things out there, and I know that this will likely guarantee success for my goal.

Without such a plan, I pretty much guarantee failure

So, now the fun really begins! Will update this thread within the next day or so with the first part of the trading plan.

Jay

So, to help you get a handle on this, you'll need a loose goal for daily gains to accomplish the task.

There are roughly 250 business days in a calender year. We'll call it 230 to allow an extra few days for time to just get away from it for a bit, and enjoy the beach. Or, in case an illness occurs, and you just don't feel like messing with it.

That gives you 690 days over the next three years.

With that being said, there are some eye opening numbers that occur.

It really doesn't take as much in the way of daily gains as one would think to get those numbers.

Just a measly 1.0016% daily to get there.

Here's a daily breakdown:

 1 : $1010.06
 2 : 1020.22
 3 : 1030.49
 4 : 1040.85
 5 : 1051.33
 6 : 1061.91
 7 : 1072.59
 8 : 1083.38
 9 : 1094.29
10 : 1105.3
11 : 1116.42
12 : 1127.65
13 : 1139
14 : 1150.46
15 : 1162.04
16 : 1173.73
17 : 1185.54
18 : 1197.47
19 : 1209.52
20 : 1221.69
21 : 1233.98
22 : 1246.4
23 : 1258.94
24 : 1271.6
25 : 1284.4
26 : 1297.32
27 : 1310.38
28 : 1323.56
29 : 1336.88
30 : 1350.33
31 : 1363.92
32 : 1377.64
33 : 1391.51
34 : 1405.51
35 : 1419.65
36 : 1433.93
37 : 1448.36
38 : 1462.94
39 : 1477.66
40 : 1492.53
41 : 1507.54
42 : 1522.71
43 : 1538.03
44 : 1553.51
45 : 1569.14
46 : 1584.93
47 : 1600.88
48 : 1616.99
49 : 1633.26
50 : 1649.69
51 : 1666.29
52 : 1683.06
53 : 1699.99
54 : 1717.1
55 : 1734.38
56 : 1751.83
57 : 1769.45
58 : 1787.26
59 : 1805.24
60 : 1823.41
61 : 1841.75
62 : 1860.29
63 : 1879
64 : 1897.91
65 : 1917.01
66 : 1936.3
67 : 1955.78
68 : 1975.46
69 : 1995.34
70 : 2015.41
71 : 2035.69
72 : 2056.18
73 : 2076.87
74 : 2097.76
75 : 2118.87
76 : 2140.19
77 : 2161.73
78 : 2183.48
79 : 2205.45
80 : 2227.64
81 : 2250.06
82 : 2272.7
83 : 2295.57
84 : 2318.66
85 : 2341.99
86 : 2365.56
87 : 2389.36
88 : 2413.4
89 : 2437.69
90 : 2462.22
91 : 2486.99
92 : 2512.02
93 : 2537.29
94 : 2562.82
95 : 2588.61
96 : 2614.66
97 : 2640.97
98 : 2667.54
99 : 2694.38
100 : 2721.49
101 : 2748.88
102 : 2776.54
103 : 2804.47
104 : 2832.69
105 : 2861.2
106 : 2889.99
107 : 2919.06
108 : 2948.44
109 : 2978.1
110 : 3008.07
111 : 3038.34
112 : 3068.91
113 : 3099.79
114 : 3130.98
115 : 3162.48
116 : 3194.31
117 : 3226.45
118 : 3258.91
119 : 3291.7
120 : 3324.83
121 : 3358.28
122 : 3392.07
123 : 3426.2
124 : 3460.68
125 : 3495.5
126 : 3530.67
127 : 3566.2
128 : 3602.08
129 : 3638.33
130 : 3674.94
131 : 3711.91
132 : 3749.26
133 : 3786.99
134 : 3825.09
135 : 3863.58
136 : 3902.46
137 : 3941.72
138 : 3981.39
139 : 4021.45
140 : 4061.91
141 : 4102.78
142 : 4144.07
143 : 4185.76
144 : 4227.88
145 : 4270.42
146 : 4313.39
147 : 4356.8
148 : 4400.63
149 : 4444.91
150 : 4489.64
151 : 4534.81
152 : 4580.44
153 : 4626.53
154 : 4673.09
155 : 4720.11
156 : 4767.6
157 : 4815.57
158 : 4864.03
159 : 4912.97
160 : 4962.41
161 : 5012.34
162 : 5062.77
163 : 5113.71
164 : 5165.17
165 : 5217.14
166 : 5269.64
167 : 5322.66
168 : 5376.22
169 : 5430.31
170 : 5484.95
171 : 5540.15
172 : 5595.89
173 : 5652.2
174 : 5709.07
175 : 5766.52
176 : 5824.54
177 : 5883.15
178 : 5942.34
179 : 6002.14
180 : 6062.53
181 : 6123.53
182 : 6185.15
183 : 6247.38
184 : 6310.25
185 : 6373.74
186 : 6437.87
187 : 6502.65
188 : 6568.08
189 : 6634.17
190 : 6700.92
191 : 6768.35
192 : 6836.45
193 : 6905.24
194 : 6974.72
195 : 7044.9
196 : 7115.79
197 : 7187.39
198 : 7259.71
199 : 7332.76
200 : 7406.54
201 : 7481.07
202 : 7556.34
203 : 7632.38
204 : 7709.17
205 : 7786.75
206 : 7865.1
207 : 7944.24
208 : 8024.17
209 : 8104.91
210 : 8186.46
211 : 8268.84
212 : 8352.04
213 : 8436.08
214 : 8520.96
215 : 8606.7
216 : 8693.3
217 : 8780.78
218 : 8869.13
219 : 8958.37
220 : 9048.51
221 : 9139.56
222 : 9231.52
223 : 9324.41
224 : 9418.23
225 : 9513
226 : 9608.72
227 : 9705.41
228 : 9803.06
229 : 9901.7
230 : 10001.34
231 : 10101.97
232 : 10203.62
233 : 10306.29
234 : 10409.99
235 : 10514.74
236 : 10620.54
237 : 10727.4
238 : 10835.34
239 : 10944.37
240 : 11054.49
241 : 11165.72
242 : 11278.07
243 : 11391.56
244 : 11506.18
245 : 11621.96
246 : 11738.9
247 : 11857.02
248 : 11976.32
249 : 12096.83
250 : 12218.55
251 : 12341.49
252 : 12465.67
253 : 12591.11
254 : 12717.8
255 : 12845.77
256 : 12975.02
257 : 13105.58
258 : 13237.45
259 : 13370.64
260 : 13505.18
261 : 13641.07
262 : 13778.33
263 : 13916.97
264 : 14057
265 : 14198.45
266 : 14341.31
267 : 14485.62
268 : 14631.37
269 : 14778.6
270 : 14927.3
271 : 15077.5
272 : 15229.21
273 : 15382.45
274 : 15537.23
275 : 15693.57
276 : 15851.48
277 : 16010.98
278 : 16172.08
279 : 16334.81
280 : 16499.17
281 : 16665.18
282 : 16832.87
283 : 17002.25
284 : 17173.32
285 : 17346.12
286 : 17520.66
287 : 17696.96
288 : 17875.03
289 : 18054.89
290 : 18236.56
291 : 18420.06
292 : 18605.4
293 : 18792.61
294 : 18981.7
295 : 19172.7
296 : 19365.62
297 : 19560.48
298 : 19757.3
299 : 19956.1
300 : 20156.9
301 : 20359.72
302 : 20564.58
303 : 20771.5
304 : 20980.51
305 : 21191.61
306 : 21404.85
307 : 21620.22
308 : 21837.77
309 : 22057.5
310 : 22279.45
311 : 22503.63
312 : 22730.06
313 : 22958.77
314 : 23189.79
315 : 23423.13
316 : 23658.81
317 : 23896.87
318 : 24137.32
319 : 24380.19
320 : 24625.51
321 : 24873.3
322 : 25123.57
323 : 25376.37
324 : 25631.71
325 : 25889.62
326 : 26150.12
327 : 26413.25
328 : 26679.02
329 : 26947.47
330 : 27218.62
331 : 27492.49
332 : 27769.13
333 : 28048.54
334 : 28330.77
335 : 28615.84
336 : 28903.77
337 : 29194.61
338 : 29488.36
339 : 29785.08
340 : 30084.78
341 : 30387.5
342 : 30693.26
343 : 31002.1
344 : 31314.04
345 : 31629.13
346 : 31947.39
347 : 32268.84
348 : 32593.54
349 : 32921.5
350 : 33252.76
351 : 33587.35
352 : 33925.31
353 : 34266.67
354 : 34611.46
355 : 34959.73
356 : 35311.5
357 : 35666.81
358 : 36025.69
359 : 36388.18
360 : 36754.32
361 : 37124.15
362 : 37497.7
363 : 37875
364 : 38256.11
365 : 38641.04
366 : 39029.85
367 : 39422.58
368 : 39819.25
369 : 40219.92
370 : 40624.61
371 : 41033.38
372 : 41446.27
373 : 41863.3
374 : 42284.54
375 : 42710.01
376 : 43139.76
377 : 43573.84
378 : 44012.28
379 : 44455.14
380 : 44902.45
381 : 45354.26
382 : 45810.62
383 : 46271.57
384 : 46737.16
385 : 47207.44
386 : 47682.45
387 : 48162.23
388 : 48646.84
389 : 49136.33
390 : 49630.75
391 : 50130.14
392 : 50634.55
393 : 51144.05
394 : 51658.66
395 : 52178.46
396 : 52703.48
397 : 53233.79
398 : 53769.44
399 : 54310.47
400 : 54856.95
401 : 55408.92
402 : 55966.45
403 : 56529.59
404 : 57098.4
405 : 57672.93
406 : 58253.24
407 : 58839.39
408 : 59431.44
409 : 60029.45
410 : 60633.47
411 : 61243.57
412 : 61859.81
413 : 62482.25
414 : 63110.95
415 : 63745.98
416 : 64387.4
417 : 65035.28
418 : 65689.67
419 : 66350.64
420 : 67018.27
421 : 67692.62
422 : 68373.75
423 : 69061.73
424 : 69756.64
425 : 70458.54
426 : 71167.5
427 : 71883.59
428 : 72606.89
429 : 73337.47
430 : 74075.4
431 : 74820.76
432 : 75573.61
433 : 76334.04
434 : 77102.12
435 : 77877.93
436 : 78661.55
437 : 79453.05
438 : 80252.52
439 : 81060.03
440 : 81875.66
441 : 82699.5
442 : 83531.63
443 : 84372.14
444 : 85221.1
445 : 86078.6
446 : 86944.74
447 : 87819.58
448 : 88703.23
449 : 89595.77
450 : 90497.3
451 : 91407.89
452 : 92327.65
453 : 93256.66
454 : 94195.02
455 : 95142.82
456 : 96100.15
457 : 97067.12
458 : 98043.82
459 : 99030.35
460 : 100026.81
461 : 101033.29
462 : 102049.89
463 : 103076.73
464 : 104113.9
465 : 105161.51
466 : 106219.65
467 : 107288.45
468 : 108368
469 : 109458.41
470 : 110559.79
471 : 111672.25
472 : 112795.91
473 : 113930.88
474 : 115077.26
475 : 116235.18
476 : 117404.75
477 : 118586.09
478 : 119779.32
479 : 120984.55
480 : 122201.91
481 : 123431.52
482 : 124673.5
483 : 125927.98
484 : 127195.08
485 : 128474.93
486 : 129767.66
487 : 131073.39
488 : 132392.27
489 : 133724.41
490 : 135069.96
491 : 136429.05
492 : 137801.82
493 : 139188.39
494 : 140588.92
495 : 142003.54
496 : 143432.4
497 : 144875.63
498 : 146333.39
499 : 147805.81
500 : 149293.05
501 : 150795.25
502 : 152312.57
503 : 153845.15
504 : 155393.16
505 : 156956.74
506 : 158536.06
507 : 160131.26
508 : 161742.52
509 : 163369.99
510 : 165013.84
511 : 166674.23
512 : 168351.32
513 : 170045.29
514 : 171756.3
515 : 173484.54
516 : 175230.16
517 : 176993.34
518 : 178774.27
519 : 180573.11
520 : 182390.06
521 : 184225.29
522 : 186078.98
523 : 187951.33
524 : 189842.52
525 : 191752.73
526 : 193682.17
527 : 195631.02
528 : 197599.48
529 : 199587.75
530 : 201596.02
531 : 203624.5
532 : 205673.39
533 : 207742.9
534 : 209833.23
535 : 211944.6
536 : 214077.21
537 : 216231.28
538 : 218407.02
539 : 220604.65
540 : 222824.4
541 : 225066.49
542 : 227331.13
543 : 229618.56
544 : 231929.01
545 : 234262.7
546 : 236619.88
547 : 239000.77
548 : 241405.62
549 : 243834.67
550 : 246288.16
551 : 248766.34
552 : 251269.46
553 : 253797.76
554 : 256351.5
555 : 258930.93
556 : 261536.33
557 : 264167.93
558 : 266826.02
559 : 269510.85
560 : 272222.7
561 : 274961.83
562 : 277728.53
563 : 280523.06
564 : 283345.72
565 : 286196.77
566 : 289076.52
567 : 291985.23
568 : 294923.22
569 : 297890.77
570 : 300888.18
571 : 303915.75
572 : 306973.78
573 : 310062.59
574 : 313182.47
575 : 316333.75
576 : 319516.73
577 : 322731.74
578 : 325979.1
579 : 329259.14
580 : 332572.18
581 : 335918.56
582 : 339298.61
583 : 342712.67
584 : 346161.08
585 : 349644.19
586 : 353162.35
587 : 356715.91
588 : 360305.22
589 : 363930.65
590 : 367592.56
591 : 371291.32
592 : 375027.29
593 : 378800.86
594 : 382612.39
595 : 386462.28
596 : 390350.9
597 : 394278.66
598 : 398245.93
599 : 402253.12
600 : 406300.64
601 : 410388.88
602 : 414518.26
603 : 418689.19
604 : 422902.08
605 : 427157.37
606 : 431455.47
607 : 435796.82
608 : 440181.86
609 : 444611.02
610 : 449084.74
611 : 453603.48
612 : 458167.69
613 : 462777.82
614 : 467434.34
615 : 472137.72
616 : 476888.42
617 : 481686.92
618 : 486533.7
619 : 491429.26
620 : 496374.07
621 : 501368.64
622 : 506413.47
623 : 511509.06
624 : 516655.92
625 : 521854.56
626 : 527105.52
627 : 532409.31
628 : 537766.47
629 : 543177.54
630 : 548643.05
631 : 554163.56
632 : 559739.61
633 : 565371.77
634 : 571060.6
635 : 576806.68
636 : 582610.57
637 : 588472.86
638 : 594394.14
639 : 600374.99
640 : 606416.03
641 : 612517.86
642 : 618681.08
643 : 624906.31
644 : 631194.19
645 : 637545.33
646 : 643960.38
647 : 650439.98
648 : 656984.78
649 : 663595.43
650 : 670272.6
651 : 677016.96
652 : 683829.17
653 : 690709.94
654 : 697659.94
655 : 704679.87
656 : 711770.43
657 : 718932.34
658 : 726166.32
659 : 733473.08
660 : 740853.37
661 : 748307.91
662 : 755837.47
663 : 763442.79
664 : 771124.63
665 : 778883.77
666 : 786720.98
667 : 794637.06
668 : 802632.78
669 : 810708.96
670 : 818866.4
671 : 827105.92
672 : 835428.35
673 : 843834.52
674 : 852325.28
675 : 860901.47
676 : 869563.95
677 : 878313.6
678 : 887151.28
679 : 896077.89
680 : 905094.33
681 : 914201.48
682 : 923400.28
683 : 932691.63
684 : 942076.48
685 : 951555.75
686 : 961130.41
687 : 970801.41
688 : 980569.72
689 : 990436.32
690 : $1,000,402.19 

Now, if you were going from $100 to the mill in one calender year, you would need very close to 10% a day.

So moral of the story is, don't stress. It's WAY within the means of most traders, the trick is just learning patience, and not trying to get it all tomorrow.



[Edit] The $100 to one mill was 9.246% to make it in 100 DAYS, not one year of trading days.

To make it in 240 trading days (or one calender year of trading days), it would take daily average gains of 3.8438%.

Not as easy as the steady Eddie 1% or so

[fury]

Compounding is so powerful. The problem is the beginning, you would be hard pressed to live off the money especially since you do not want to ruin the compounding but if you can make it past that year one and keep rolling with the punches it is off to the races.

[Master Tang]

Compounding is so powerful. The problem is the beginning, you would be hard pressed to live off the money especially since you do not want to ruin the compounding but if you can make it past that year one and keep rolling with the punches it is off to the races.

Agreed.

My goal is a daily .5%.

I'm usually done fairly early, and last week was done on Sunday night with two week's gains banked courtesy of the Yentervention. I'm done for the night tonight already, and often have trouble sitting on my hands. But it was those double dip trades that used to get me in trouble.

After a year of it though, it gets easier. I see the gains mounting up quickly now. Patience is key

[SimonTemplar]

'Yentervention'

Not heard that one before - like it!

[globetrade]

I sure hope i can hit a million in 100 days

[Buckscoder]

I sure hope i can hit a million in 100 days

No problem at all. If you start with a billion ...

Good ole Buffett lost a few pennies last quarter I heard.

[MoneyNVRSleeps]

Jay, Whats going on?

Im 2 days in, Started with $20 now, and got my 10% each day, so Tomorrow, is day 3, and Im siting at $24.45

Dont stop man,

[InnerCircleTrader]

Stick with it Jay... treat it like a business.

Ok... thanks everyone who's contributed and wished me good luck so far... It's appreciated! I will respond to everyone who's commented in the next day or so, but now it's time for me to contribute to this thread what it really needs, and what I can't believe I've overlooked so far!

A Plan

I started this thread as something fun..but more importantly, to show what it takes to be successful. Well, it's time I make good on that intention.

To be honest, I feel a bit embarrassed about how my first day out went. I knew this would take more preparation than even my own trading in my primary account does, and I didn't give it the respect it deserved.

So, i'm going to carry over some of my own rules for trading to this project. I will be posting them up, and I won't be trading anymore here until I do so.

Now...forget setups, forget methods: This is what trading excellence is really about - Self Control and Habitual Excellence via a comprehensive plan that restricts impulsive action, and reinforces an a series of optimal performance actions.

I don't have time at the very moment to put this plan down here, but I will be starting on this tonight. This will take some time, and until then, I won't be taking any trades here. But rest assurred, I think that most folks will find this aspect of trading more helpful than most other things out there, and I know that this will likely guarantee success for my goal.

Without such a plan, I pretty much guarantee failure

So, now the fun really begins! Will update this thread within the next day or so with the first part of the trading plan.

Jay