$1000 to $1 million dollars in 36 months

Beginner Questions
1

I’m working on increasing a trading account at 20% per month. I started with $1000. This is my 36 month plan to make $1 million dollars. The 20% account plan is below. Current account balance is: $6124.00. Do you guys think this plan will work?

Dec $5,960.56
Jan $7,268.25
Feb $8,862.84
Mar $10,807.27
Apr $13,178.29
May $16,069.49
Jun $19,594.99
Jul $23,893.96
Aug $29,136.08
Sep $35,528.28
Oct $43,322.87
Nov $52,827.53
Dec $64,417.41
Jan $78,550.02
Feb $95,783.20
Mar $116,797.18
Apr $142,421.44
May $173,667.44
Jun $211,768.52
Jul $258,228.65
Aug $314,881.72
Sep $383,963.96
Oct $468,202.23
Nov $570,921.62
Dec $696,176.74
Jan $848,911.71
Feb $1,035,155.37

2

What do I have to base my opinion upon?

3

I think I’ll stick with my goal of just trying to be profitable and build from there lol

4

29.15%/month for 36 straight months is very hard, but still do-able. Best of luck!

5

Good luck with that!

6

Go go go go go

goooooooooooooooooooooo,

you can do it

7

O Yeah, Just a few Things, just curious

#1, Time in Forex?
#2, How long before you make The first trade for the day, from the time you awake?
#3, Main TimeFrame you work with exclusivly?

8

Looks good for now :slight_smile: Good luck with that

9

Looks allright but i think eremarket have more chances than u :stuck_out_tongue:

10

How did you calculate that?

It’s more like just under 20%. 19.35 or so to be exact.
29% compounded monthly turns into 30+ mill…

11

This is probably independent from what I think, lol! Okay, I think you can maybe reach your goal of 1m bucks if your edge and risk/money management is good enough plus on top a little or even a little more luck, but it will become very impossible to have all the numbers in all the months exactly right to the penny, lol. Even the very best trader can have a losing month.

Plus I think you have to take into consideration tax deductions. :wink:

12

How wonderful it would be if one of the people who posted these threads actually made it… Anyway, I think I’m going to start a thread on losing $1 million in 36 months, such is the nature of my trading at the moment. What kind of average loss do I need per day?

13

Today’s new Forex account balance is: $6337.93 I will update the new account balance every day.

The account balance was $6,495 this morning from night trading, but I broke a rule. I tried trading with more than 10% of my full account balance. It cost me about a $200.

$993,663 to go over the next 27 months.

Next’s months goal is $7,268.25

If I hit Jan’s goal should I change over to Feb’s goal amount or take a break?

14

lol, man, you got me to chuckle at that one,

Good stuff…

15

You should already know the answer to this…
2 Plans,

A or B, Or better known as Win Or Lose

You Take no breaks, you continue with the daily plan, if you make 27% in 1 day, but your goal was 5%, you just shaved days off your overall goal. You WILL STALL, and Lose momentumn in this journey, if you take time off…

This is about building consistancy over a target period. Then, after you hit your target, take a VACATION, then do it all over again.

What happens, is, you build up steam, and take those big days in stride, cause the next day, you might only get 1%.

My plan is based like this,

$100 start, 99 day trading cycle,
$500 start, 82 day trading cycle,
$1000 start, 74 day trading cycle,
$5,000 start, 57 day trading cycle,
$10,000 start, 50 day trading cycle,
$20,000 start, 41 day trading cycle,
$50,000 start, 33 day trading cycle,

Have a plan, Good luck

1 Like
16

Trading is not like that. You cannot assume every month you going to make 20% return. As you got to have good risk management, sometimes you will win and others times you will lose. To make 20% return each month, let’s say last few days of month you only up 5% or -4% you will be taking a lot more riskier positions. Its all about maximising your winning positions and minimising your losses.

17

Funny thing of trading is, everybody knows that ~ 95% or so lose over the long haul, yet what we see all around are 95% threads like how you can make gazillions in a eye wink, lol. Something must be wrong here? :smiley:

I guess nobody will read your thread then, if you openend one making a buck out of 1 million, lol. They are all after the gazillions, so even if you would present there the holy grail of successful trading, it would probably get dusty quick, ha ha.

18

I think given the current market volatility it is going to be hard to make 20% return every month. Risk Management is going to be key, and its going to be tough to predict which way things are going to go. One minute euro up on good news and other day its bad. I would only be taking long positional bets at these market conditions.

20

Right now there’s crazy volatility because of all the debt crisis and terror reports those are the months you want to bank in on if you know what your doing

21

I think its possible so dont let all these naysayers distract you. Just follow your rules and go for it.

And yes I do think people have done it, its just they dont or no longer participate in forums such as these.

I know if I made 1 mill in 3 years I would be anywhere but on a forum.