*tappin fingers, Im tryin folks, Im tryin,
Meltdown averted
$300 Start
31)$15
32)$15
33)$16
34)$16
35)$18
[B]$380[/B]
36)$19
37)$19
38)$20
39)$20
40)$23
[B]$481[/B]
41)$24
42)$25
43)$26
44)$27
45)$27
[B]$610[/B]
46)$30
47)$30
48)$31
49)$32
50)$36
[B]$769[/B]
51)$38
52)$40
53)$42
54)$44
55)$46
[B]$979[/B]
56)$48
57)$51
58)$54
59)$56
60)$59
[B]$1,247[/B]
End of Cycle #2
Pay yourself $547
Roll $700 into next cycle
Total in pocket $632
Compounding is certainly the best way to build an account. I’d question shooting for 5% a day though… don’t need too many loosers in a row to be down significantly. Bare in mind it takes twice as many pips to get back to the starting balance after a few loosers i.e. down 50% of balance will take 100% to get back to BE. If I were going with your plan I’d be looking for 1-2% a day? You left out the best part of the plan… how to get the 5% consistantly! :33:
$700 start
61)$35
62)$36
63)$38
64)$40
65)$42
[B]$891[/B]
66)$44
67)$46
68)$48
69)$51
70)$54
[B]$1,134[/B]
71)$56
72)$58
73)$60
74)$65
75)$68
[B]$1,441[/B]
76)$72
77)$75
78)$79
79)$83
80)$87
[B]$1,837[/B]
81)$91
82)$96
83)$101
84)$106
85)$111
[B]$2,342[/B]
86)$117
87)$122
88)$129
89)$135
90)$142
$2,987
End of Cycle #3
Pay yourself $487
Roll $2,500 into next cycle
Total in Pocket $1,119
$2,500 start
91)$125
92)$131
93)$137
94)$144
95)$151
[B]$3,188[/B]
96)$159
97)$167
98)$175
99)$184
100)$193
[B]$4,066[/B]
101)$203
102)$213
103)$224
104)$235
105)$247
[B]$5,188[/B]
106)$259
107)$272
108)$285
109)$300
110)$315
[B]$6,619[/B]
111)$330
112)$347
113)$364
114)$383
115)$402
[B]$8,445[/B]
116)$422
117)$443
118)$465
119)$488
120)$513
[B]$10,776[/B]
End of Cycle #4
Pay yourself $2,776
Roll $8,000 into next cycle
Total in Pocket $3,895
$8,000 start
121)$400
122)$420
123)$441
124)$463
125)$486
[B]$10,210[/B]
126)$510
127)$536
128)$562
129)$590
130)$620
[B]$13,028[/B]
131)$651
132)$683
133)$718
134)$754
135)$791
[B]$16,625[/B]
136)$831
137)$872
138)$916
139)$962
140)$1,010
[B]$21,216[/B]
141)$1,060
142)$1,113
143)$1,169
144)$1,227
145)$1,289
[B]$27,074[/B]
146)$1,354
147)$1,421
148)$1,492
149)$1,567
150)$1,645
[B]$34,553[/B]
End of Cycle #5
Pay yourself $9,553
Roll $25,000 into next cycle
Total in Pocket $13,448
$25,000 start
151)$1,250
152)$1,312
153)$1,378
154)$1,447
155)$1,519
[B]$31,906[/B]
156)$1,595
157)$1,675
158)$1,758
159)$1,846
160)$1,939
$40,719
161)$2,035
162)$2,137
163)$2,244
164)$2,356
165)$2,474
[B]$51,965[/B]
166)$2,598
167)$2,728
168)$2,864
169)$3,007
170)$3,158
[B]$66,320[/B]
171)$3,316
172)$3,481
173)$3,655
174)$3,838
175)$4,030
[B]$84,640[/B]
176)$4,232
177)$4,443
178)$4,665
179)$4,899
180)$5,143
[B]$108,022[/B]
End of Cycle #6
Pay yourself $58,022
Roll $50,000 into next cycle
Total in Pocket $$71,470
I will post cycle 7 in a few hours, have to run
$50,000 start
181)$2,500
182)$2,625
183)$2,728
184)$2,864
185)$3,007
[B]$63,724[/B]
186)$3,186
187)$3,316
188)$3,481
189)$3,655
190)$3,838
[B]$81,200[/B]
191)$4,060
192)$4,232
193)$4,443
194)$4,665
195)$4,899
[B]$103,499[/B]
196)$5,174
197)$5,433
198)$5,705
199)$5,990
200)$6,290
[B]$132,091[/B]
201)$6,604
202)$6,934
203)$7,281
204)$7,645
205)$8,027
[B]$168,582[/B]
206)$8,429
207)$8,850
208)$9,293
209)$9,757
210)$10,245
[B]$215,156[/B]
End of Cycle #7
Pay yourself $165,156
Roll $50,000 into next cycle
Total in Pocket $236,626
$50,000 start ( repeat cycle 7)
End of Cycle #8
Pay yourself $165,156
Roll $50,000 into next cycle
Total in Pocket $236,626
End of Cycle #9
Pay yourself $165,156
Roll $50,000 into next cycle
Total in Pocket $401,782
End of Cycle #10
Pay yourself $165,156
Roll $50,000 into next cycle
Total in Pocket $566,938
Is there a final figure in mind? I only ask as it looks labourious typing out all this? I can post an excel sheet if it helps? Enter the starting balance and desired percentage/ pip gain and it will load all the figures for… I think from memory… two odd years.
Now, thats 300 trading days.
At this point, you can carry on at $50,000 Which will give you a nice monthly income, or you can bump it to $100,000
A continuation of the $50,000 for 3 more cycles will make you a Millionaire in 390 trading days total.
Hey R Carter, Im crude, I dont use Excel, but if you would like, go right ahead… Im a paper and pen type dude,lol…
The principle I use, anyways, is to mark off my days, on paper, as I finish the day… Just mind candy to me I guess…
Everything on paper looks great. I wrote down $1 lottery ticket = $80,000,000.
5% a day will psychologically crush you. Your goal should be just this - Trade profitably.
You will be over trading and looking for trades where there might not otherwise be, as you have the goal of 5% each day to achieve.
You are literally setting yourself up for failure. So stop it. Look for good trades and make them. If you have an edge, the money will figure itself out.
Good luck with your trading,
Who needs luck? I bought my $1 lottery ticket.
sweeeeeeeet
Me and my mouth… just dug it out and its full of 2009 data. Will email TalonD… he has a copy and hopefully will post it up.
Ah… you know what they say about the lottery? Its a tax on the mathamatically challenged? LOL!!!
What is the $ amount for each day of the month standing for? What is it exactly?
Im sorry, I dont understand,