$1,000,000 in 3 Months

Quote from TheRumpledOne:

It can be done in the Forex Market.

Using the TRO BUY ZONE, you can gross 4 or more pips per hour.

MAXIMUM STOP LOSS IS 7 PIPS!

The average hourly range of the USDJPY is 24 pips.

Using the TRO BUY ZONE, you can take advantage of that range.

It is a very simple breakout style system.
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I would love to see you trade that way live in a room for everyone to see.
 
Quote from Tums:

I want to make $1,000,000 in 3 Months
(say, with a starting capital of $50,000)

I have no idea how to achieve this.
Maybe your input can help.
You can tell me I am crazy. All inputs are welcome and taken seriously (but not personally).

I have been feeling lazy, trading aimlessly through life; picking up a few points here, a few points there.
I am trading stocks, options and futures, and a bit of forex (I prefer forex futures).

Ok, I am making money, but I have lost all purpose of it.
I need a challenge.

That's why I dream of making $1,000,000 in 3 months.

Is it impossible?
I have seen people do it.

Napoleon Hill said ' What ever the mind of man can conceive and believe it can achieve'

Can you conceive making $1mil in 3 months?
Do you believe it can be done?
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Anything is possible -best markets to do that at the moment is CL, GC and ER - they move in increments of $10 and there are 10 possible entries per dollar (with no slippage) - I would not consider the ES, YM or NQ

If you look at the ER (Mini Russell) - it has a intraday move of at least $1,000 (2 times) - it moves farther ($$$ we are talking) double the value versus the ES, YM or NQ - and you do not need a lot of contracts.

The best way (in my opinion) with a $50k account is to purchase a 15 lot, get rid of 5 at $100 profit per contract and move all stops (the other 10) to break even in case the market goes against you. If you are right you will be able to generate easily $500-$800 per contract. My loss will be $150 per contract from original entry point.

You will need "pops" from the market - we are talking about moves the MOVE and do not look back. And that is the reason you need to cover 5 lots at $80-100 per contract.

Easy to write about it then to actually be done? Ofcourse. I've been there.

If you are looking for 1-2 points, you are messing the ride. Again, most traders get out to slowly when they are taking loses and get out to fast when they are making profits. One way to eliminate that is use stops ($150 loss per contract) and have resting orders MIT 8-9 ticks above or below entry to cover 5 lots and ride the rest.

My 2 cents:cool:
 
If you had traded this automated strategy starting on November 1, 2007, account size $50,000, you could have earned the following as of today after commission and slippage:


Period Net Profit % Gain Profit Factor # Trades %Profitable

1/1/2008 $399,844.00 3.15% 3.86 6 83.33%
12/1/2007 $189,740.00 1.52% 1.84 10 80.00%
11/1/2007 $659,818.00 5.56% 100.00 7 100.00%

Total Net Profit $1,249,042

Profit Factor 4.30
 
If you had been in my TWO PERCENT CLUB a few minutes ago you could have been making pips with us:



(8:06 AM) zeller4: +3
(8:06 AM) fcg0lfer: yup +11
(8:06 AM) slptrade: beautiful call Avery
(8:06 AM) Dcpip: +11
(8:06 AM) scottei_1: yes
(8:06 AM) Dcpip: ty
(8:06 AM) CMEHH: 2 trades, 23 pips
(8:07 AM) sgoldney: i got a few. first news play so i need some practice at that
(8:07 AM) Rsimp: nice work peops
(8:07 AM) slptrade: +9 and i was late
(8:07 AM) davidb_12: 18
(8:07 AM) scottei_1: +7p out quik
(8:07 AM) CMEHH: great call TRO
 
Quote from Compulsive:

...The best way (in my opinion) with a $50k account is to purchase a 15 lot, get rid of 5 at $100 profit per contract and move all stops (the other 10) to break even in case the market goes against you. If you are right you will be able to generate easily $500-$800 per contract. My loss will be $150 per contract from original entry point...
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You are suggesting a risk of 4.5% on an intraday trade?! I'd like to see your journal.
 
Quote from AdvancedTrade:

If you had traded this automated strategy starting on November 1, 2007, account size $50,000, you could have earned the following as of today after commission and slippage:


Period Net Profit % Gain Profit Factor # Trades %Profitable

1/1/2008 $399,844.00 3.15% 3.86 6 83.33%
12/1/2007 $189,740.00 1.52% 1.84 10 80.00%
11/1/2007 $659,818.00 5.56% 100.00 7 100.00%

Total Net Profit $1,249,042

Profit Factor 4.30
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That's downright groovy. And what should he do right now to make that kind of return in the next 3 months? (I'd appreciate a response before mid-April.)
 
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Trading the BUY ZONE just a few minutes ago in my FREE www.paltalk.com TWO PERCENT CHAT ROOM:

(6:00 AM) orimarc_2: ok
TheRumpledOne: open 106.72
TheRumpledOne: +7
(6:02 AM) jimburger: SWISH airball
(6:02 AM) jamtheman: +6
(6:02 AM) davidb_12: hi guys.......4
(6:02 AM) danglin: +6
(6:02 AM) airball_1: +8
(6:02 AM) orimarc_2: requoted, no trade for me here


Note: in/out of the trade in 2 minutes or less!!
 
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