I have went with a goal of:
Starting capital: $4.00
Daily Interest Compound: 3%
I know it will come to a point in time this may not be feasible, but I’m looking more towards the amount desired to be gained rather attempting a one “day” return.
Thus far I’ve completed 29 “daily trades” to gain $5 Interest following my chart. Hopefully I’ll continue this.
What is everyone else’s daily return goals?
INITIAL
Here’s 1 reason why you will not reach your goal in 365 days HEHE
i remember going through this as well
When you consider Bank Holidays, Xmas, New Years and Easter. and then Weekends
you have 365 days in a year (let’s not bother with leap years. ok)
clearly you can’t have 365 TRADING DAYS in a year
Long story short, it differs from year to year, but you are going to find that its something like
245 Days
Secondly, how can you start trading with $4 Capital ?
What are you going to get for that … Nothing
Next, What are you working the calcuation on ?? is it 3% Interest Per day ?
because 3% x $4 = 0.12 cents
My friend… you are on the right track
BUT… (From one how knows and has been here)
Get a much larger starting capital
Lower the daily interest rate %
Based 1 year on 245 Days
Start there, otherwise, you’ll get to the end of the year and you’ll wonder… WHY DID IT NOT WORK.
and you’ll have wasted 1 year figuring it out.
I have different returns for different things
a Friend of mine needs a certain amount of money in 5 years
for that i am using 0.04% because i don’t need anymore
Another one, that achieves a annual goal, i’m using 2%
it depends on what needs to be achieved and the importance of it vs Risk involved
it is smart however that you are focussing on the end goal rather than a higher Daily income.
Later, When you get to larger account balances, it won’t be necessary to go this high, you will COMFORTABLY live below 1% and have more than you need
I mean… Calculate is on a Starting Balance of $100,0000 or $1,000,000
it’s not hard to see that 0.5% is going to be a lot of money per day
Thanks for the advice.
On the 365 days, I’m not literally attempting 365 days more 365 trades in total that would eventually equate to 365 days. LOL!
I have more Capital than $4 I’m just looking at my account as starting with $4 dollars
Yes, 3% per “day”
.
THE POINT you need to understand here is this
There are DAYS in the year
and TRADING DAYS in the year
if you are not aiming for 365 days, then why did you label it as Days.
so… Ok, if it’s 365 TRADES in total. well. ok, but you can see how i came to the conclusion
that you were referring to days
at the end of the day… JUST BE AWARE OF THIS
There are approx. 245 TRADING DAYS in the year, Meaning… if you trade EVERY AVAILABLE TRADING DAY there will be around 245
Now you need to consider depending on your style, some days may not be good for you so maybe base your calculation on something like 200 TRADING DAYS or so
but be aware , A FULL TRADING YEAR is 245 TRADING DAYS
I know, i realize that
and what i’m saying is… You should not start your account with $4
i mean if we do some math
the minimum lot size is 0.01 = 10cents per pip
Now if you are risking 100% of your account in 1 trade, (which is stupid to say the least),
you can place a stop loss at a mere 40 pips away, and you’re done
or you can do 4 trades with a stop loss of 10 pips each
either way this is not much
Now if you risk 20% of your account which is also silly
you are risking 80 cents per trade
so at a min lot size of 0.01 you can only put a stop at 8 pips
and you get 5 trades max and you blow your account.
YOU NEED MORE STARTING CAPITAL
Hey thanks for the reply, I can do a lot size of .01 which equals .01 cent per pip.
No… 0.01 Lots = 10 cents per pip Not 0.1 cents
I mean… Technically speaking, ti depends on the instrument, Crypto is different, Indexes are different.
but currencies, i’m pretty sure are standardized to 10 cents for a 0.01 Lot
If your successes are the same as on the screenshot, I wish you good luck further and hope you will make that money you have as a goal!!!
Here’s the .01 per Pip and my current update. Gradual progression, though had a loss. It’s always funny and irritating where you put a stop loss and then find it ends up going in the direction you desired anyway. LOL!
Last update. Done for the day, until next week.
Continued success for everyone. I figure small steps will lead to my goal instead of hitting home-runs.
Looking at my progress if I get to $1, $10 per pip I’m looking at…
$1 per pip
$31, $86, -$6, -$33, $77, $4, $37.10
$10 per pip
$310, $860, $-60, -$330, $770, $40, $371.10
Looks promising…LOL!
Current Update - left the trade overnight - 400 PIPS! But what is crazy is it’s just .07 a pip. 
But have to be thankful for that and not get greedy.
That’s 400 points, which is only 40 pips. A 400 pip movement overnight would be world news. 
@Drekieyja
dude, … you let the cat out of the bag hehe
You should have let him think that it was 400 pips and that he just made a packet LOL
and when he questioned it… Just re confirm , nah nah nah dude… it’s 400 pips dude look at it again… HEHE
that would be funny
but, we can’t now… you ruined the joke
oh well, maybe on the next newbie hehe
