I am a complete newbie. I just wan to ask if this money management is possible or not.

Let say I open an account with US1000. I use leverage 100:1 = US100,000.

Micro account 1 lot = US10,000, margin 1%. I trade only 3 positions at any given time. Each position is 10% of my current fund.

If I make 300 pips every month:-

1 st month; 1 position = US10,000, 1 pip = US 1.00

Fund = US 1000 +(300xUS1) = US1300

2 nd month; 1 position = US13,000, 1 pip = US 1.30

Fund = US 1000 +(300xUS1.3) = US1690

3rd month; 1 position = US16,900, 1 pip = US 1.69

Fund = US 1000 +(300xUS1.69) = US 2856

So after 37 months, US 1000 x 1.3*(27) = US 1,193,000

Since I traded 3 positions at any given time only,

Therefore for

1st month; 3 x 1%margin = US300

Fund � 3 position � margin = US1000 � (3x 100) � US300 = US400 = 400 pips

2nd month; 3 x 1%margin = US390

Fund � 3 position � margin = US1000 � (3x 130) � US390 = US520 = 400 pips.

So during any particular month, I can survive it if I didn�t accumulate - 400 pips negative on those 3 positions right?