1.8% Profit per Day Compounded over 220 Days

[expiated]

Day 36:

This would have been my best-traded 24-hour market cycle ever, had I not started off with four consecutive, relatively hefty losing trades (not pictured).

I therefore ended up with only a 76% daily success rate today. I could have avoided those four losers had I ONLY entered positions when price was located near the outer boundary of the four-hour price range in close proximity to the 14-hour temporal support/resistance level(s). But, doing so would have meant making less money overall given that it would have excluded the last six trades I made today. So, if I had it to do all over again, there's nothing I would change.

Today's 1.83% and 3% profit targets were as follows...

Oops! This is Day 36, so that should have been $3.36 and $8.44. (I'm hoping I can be consistent enough to stay ahead of schedule almost every day.)

 

[expiated]

Tuesday / March 30, 2021 / 7:15 AM PST

I added to my trading account from an external source once again on March 25, 2021.

Since then, my success rate has been a little below the minimum I find acceptable, which is at least 85%...

However, my Profit Factor is approaching 5, and what's even more significant in my case is that my Average Profit Trade just barely beat out my Average Loss Trade (by 6 cents) which, though small, is nonetheless notable (from my perspective) given that this is without a doubt what I personally find to be the most challenging aspect of developing a profitable system.

The only other thing I would like to see myself improve on at this point is getting my Maximum Consecutive Losses down from 4 to 2.

 

[expiated]

Day 38​

 

[expiated]

Once I become comfortable making typical trades of 0.03 lots (if and when that happens) seeing $10 returns on individual transactions should no longer be that unusual.

 

[expiated]

Day 70:

Today I probably came close to finalizing a tops and bottoms approach to trading Numerical Price Prediction that I'm likely to use going forward. Once I get comfortable with it, I plan to go back to trading primarily 0.02-sized lots.

This should result in days where the payout totals more than $30, which will be necessary if I hope to get back above 3% profit per day...

Day 70:

 

[expiated]

Day 100:

By now you should be up to $10.53 a day.

You made an error to start off this 24-hour market cycle, but in the process of working backwards from your one-minute charts, up to five-minutes, up to 15-minutes, you were left with the impression that a rather definitive protocol for implementing this "irreducible complexity" style of trading is indeed beginning to emerge so that the only additional error you made was in connection with a position you entered early in the process (the second trade you executed during these last three sessions) which you exited with the minimal amount of damage possible (77ȼ) thanks to all you learned since making that mistake...

Assuming you are actually seeing what you think you are seeing when you look at your charts, at the beginning of next week you should be able to return to pretty much all 0.02-sized lots. This should make the $11.51 daily profit target by the end of next week "super easy... barely an inconvenience."

Hopefully, next week will simply serve to confirm everything you learned this week, and you can go ahead and graduate to 0.03-sized lots during the first half of July. This would enable you to generate a 2.5% daily return as opposed to just 1.8%—which would theoretically make it possible for you to be generating $557.78 per day by day 220 (God willing) instead of a mere $89.54.

 

[expiated]

Thursday / July 1, 2021 / 4:00 AM PST

Assuming you are actually seeing what you think you are seeing when you look at your charts, at the beginning of next week you should be able to return to pretty much all 0.02-sized lots. This should make the $11.51 daily profit target by the end of next week "super easy... barely an inconvenience." Hopefully, next week will simply serve to confirm everything you learned this week, and you can go ahead and graduate to 0.03-sized lots during the first half of July. This would enable you to generate a 2.5% daily return as opposed to just 1.8%.

What I learned last week was indeed confirmed this week. Nonetheless, I have decided to abandon the "irreducible complexity" style of trading in favor of an approach that focuses instead on the 40-minute price range at 0.12%. 0.22% and 0.27% deviation, in conjunction with the 4- and/or 9-hour temporal support and resistance level(s), trading primarily on five-minute charts, as dictated by the 6-hour trend...

If I can manage to realize a return of $30 or more by the end of this 24-hour market cycle, I will have to give serious consideration to increasing my average trade size to 0.03 lots at some point next week.

 

[expiated]

DAY 104...

Once I was close to reaching my target of $30 in one day, I lacked the confidence in my own system to continue risking trades of 0.02-sized lots until the very end...

Nonetheless, I still managed to clear my objective with the day's total coming to $32.38, well over the 1.8% profit of $11.31 scheduled for Day 104, but also well below the 3% profit of $63.00.

 

[expiated]

Tuesday / July 6, 2021

This is day #107, so if I wanted to be generating 3% profit per day, my goal would have been $64.84.

At $57.95, I wasn't that far off, and had I not gotten off to such a poor start during this last 24-hour market cycle, I would have surpassed it. I'm therefore hoping there will be other days similar to this one, in which case, I should hypothetically be able to realize anywhere from between $89.54 to $1,943 in daily profits by the end of this 220-day period.

 

[expiated]

DAY #112-

I'm...hoping there will be other days similar to this one...

Last Tuesday was rather extraordinary. I think days like today are more likely to be closer to the norm...