will be seen if Sir Michael will trade his name into legend status or not… im ready to observe it (y) wish you lots of good upcoming trades !
i’m also looking forward for this as a total newbie hoping to learn something
If ICT is living in AFRICA i’d think he uses JUJU/VOODOO to trade…but no! he lives in the U S, so this endeavour is based purely on SKILL!!
This really gives me hope to continue the learning curve to becoming consistent to say the least.
I know what you mean, it’s not for me either. But you have to understand Michael has likely wanted to showcase his skills for many years. He wants an audience, and I don’t think there’s anything wrong with that. Think about Pro Sports… it’s nothing without the audience…
What is truly remarkable however, is that in order to have that audience, he shared all his tools and techniques, so that theoretically we could replicate the journey.
im curious as to how many losing trades he’ll have and how many in a row. he says he lives in 1.5% risk but if he doesnt miss that often and has over 95% accuracy he could really do some damage increasing his risk per trade. I’m not saying its a good idea but an interesting one.
It will be intresting to see if he bends his rules a little like the rest of us,
Awesome
Please hide the entry\exit details on open trades, too many freeloaders about that don’t want to put in the hard graft
I have a feeling he’ll be starting with 3% (at least on some trades). Of course it comes with the “Closed course. Professional Driver.” Disclaimer lol
whoa… can you do it with my 5k?
Well I have to subscribe to this one. Good skill to you, ICT.
I’d wish you good luck ICT but i really don’t think luck has anything to do with your trading style and this really has only one outcome anyway.
$1 000 000.00 +
Following on twitter and going to watch this space.
Michael.
Many years ago as a student of my chosen profession the naysayers said to me “You will never become a (…) as long as you have a hole in your backside”.
Do what I did and make them eat their words.
Michael I would love it if you were to talk a little about your money management. As I understand it you risk max 2%. I am interested in what you think is a realistic monthly return. For me I believe 20% a month is absolutely attainable. Also as the account grows I would assume that the risk profile would get smaller but than again if your a pip grabbing machine than why lower risk.
I’m interested in your thoughts.
Anyway here are some 20% a month projections
** the second column is the earnings
Month 1 $10,000 $2,000
Month 2 $12,000 $2,400
Month 3 $14.400 $2,800
Month 4 $17.200 $3,440
Month 5 $20,640 $4,128
Month 6 $24,768 $4,954
Month 7 $29,722 $5,944
Month 8 $35,666 $7133
Month 9 $42,799 $8560
Month 10 $43,359 $8672
Month 11 $52,031 $10,406
Month 12 $62,437 $12,487
Month 13 $74,924 $14,985
Month 14 $89,909 $17,982
Month 15 $107,891 $21,578
Month 16 $129,469 $25,894
Month 17 $155,363 $31,073
Month 18 $186,436 $37,287
Month 19 $223,723 $44,745
Month 20 $268,468 $53,694
Month 21 $322,162 $64,432
Month 22 $386,594 $77,319
Month 23 $463,913 $92,783
Month 24 $556,696 $111,339
Month 25 $668,035 $133,607
Month 26 $801,642 $160,328
Month 27 $961,970 $192,394
Month28 $1,154,364 $230,873
Month 29 $1,385,237 $277,047
Month 30 $1,662,284 $332,457
Month 31 $1,994,741 $398,948
Month 32 $2,393,689 $478,737
Month 33 $2,872,427 $574,485
Month 34 $3,446,912 $689,382
Month 35 $4,136,294 $827,259
Month 36 $4,963,553 $992,711
Total: $5,956,263
Thanks,
John
We are definitely rooting for you Micheal. Good luck.
MAY THE FORCE BE WITH YOU.
Hello john,
He said in his first post that he would start with $5k so it would be slightly different from your projection list.
yea i know. I had done that some time ago it still works out around 2 years time frame at 20% a month which imho is conservative for Michael
yeewwwwww.
How realistic are these numbers?
for a beginner and most traders not realistic at all.
Statistically realistic on excel