Historically, I’ve always traded in a quite risky way. This has resulted in spectacular gains and spectacular losses. I wondered what sort of steady account growth would be required to be “rich” by starting with a reasonably small amount.
I’ve been able to get 10x accounts in weeks/months in the past with just a few big winners although very questionable risk management. This got me thinking what if I could reduce my risk and have relatively small account growth, how much could I make and how quickly. So out came the excel spreadsheets…
The plan was based on a £1200 lump sum investment and then adding £100 per month, then multiplying by some factor. I figured 50% per year is achievable in the right conditions, without taking huge risks. So that would put the account at £10000 in just over 3 years having invested £4800. After that the numbers get somewhat ridiculous in going to £1 million in about 14 years, not something I expect, but that can be the target since that’s what everybody puts on here.
I won’t be making lots of trades or documenting everything, so it won’t be a high action thread. This suits me because my life is very busy with work and small children, so this is more a side project and see what can happen.
The plan for the strategy will be mixed and not necessarily forex. I will look for things that have had a large sell off for reasons other than their own fault and then try to catch the recovery. Plus potentially some SWA analysis and trades.