1.8% Profit per Day Compounded over 220 Days

Day 24:

I'm thinking that the original goal of 1.8% profit per day is now too low. So, I'm adjusting it to 3% (which is probably still too low, praise be to Yahweh). This means that the $5000 by December 10, 2021 target has become much higher.

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Plus, I'm actually trading three different Forex accounts simultaneously, at different levels of aggressiveness and balance size, which should multiply profits even more.
 
Day 27:

At 1.8% my goal for the day needed to be around $2.86...

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So then, at this point, my performance still remains well within expectations.

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Binary options are a part of your toolbox? I was always under the impression that this was some bucket shop crap. What are your thoughts on them?
 
treeman said:
Binary options are a part of your toolbox? I was always under the impression that this was some bucket shop crap. What are your thoughts on them?
More...
No, binary options are NOT a part of my toolbox. My impression is that most outfits DO constitute bucket shop crap. But on the other hand, I traded with Binary dot com when I lived in the United Arab Emirates and found them to be legitimate. I understand they will be changing their brand from "Binary" to "Deriv," but I have no idea when they will finally switch over completely. (When I first started with them, they were called BetOnMarkets.)

I like them because, at this point in my development, I can make money with them EASILY! My trades are profitable roughly 85% of the time, so if my stake is $1 and I turn out to be wrong, I'll recoup my loss—with a little icing on top—by making my next stake $2. (I can manage my available funds in such a manner as to make it almost impossible for me NOT to turn a profit, adjusting my trade size from just $1 on up, depending on the statistical probability of a given contract being in-the-money at expiry.) Unfortunately, now that I'm residing in the USA again, I can no longer trade with them anymore.

NADEX is also legit, and is licensed to operate legally in the USA, but I HATE them. For one thing, each contract is a whopping $100, and the way they've designed their risk-to-reward structure (from my point of view) totally SUCKS ROCKS, making it almost impossible for me TO make money, unless I am working with a massive trading account—which I'm not.

To be profitable with NADEX (in my experience) it takes money to make money...
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I traded with NADEX when I was making money hand over fist in the Middle East, but the only way I will trade with them AGAIN is if the system I "finalized" just this morning turns out to work virtually 100% of the time. Sure, with NADEX, I can DOUBLE an initial $100 opening balance with just seven consecutive winning trades, BUT THERE IS NO ROOM FOR ERROR, and the initial in-the-money trade will put at risk something like 85% of my equity when it should only be one percent!!!

In other words, I will not be surprised to find that I NEVER trade a live account with NADEX ever again. On the other hand, I will DEFINITELY trade with DERIV again should I, for example, move to Uruguay at some point in the future.

So then, why mess with Nadex at all? It's because it forces me to take my trading to a whole new level, so that, were my standard trade size 1 Lot instead of 0.02 lots, I would have made like $764 this morning instead of the $181 I would have made when I initially "finalized" Numerical Price Prediction back in August of 2018.
 
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Thursday / March 18, 2021 / 11:00 AM PST

I'm about to add to my Forex trading account from an external source, which is going to completely distort the graphics. So, I'm capturing the image of my performance stemming from the beginning of the final phase of system development here, just for the record...

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It looks to me like the progress attributable to the last 30 to 40 trades, from about trade 193 on, has been more-or-less steady. I hope to maintain such consistency going forward, and perhaps even improve upon it given this week's new focus on the four- and five-hour price ranges—what I believe constitutes the final version/protocol/trading routine for Numerical Price Prediction (NPP).

Deuteronomy 8:17-18
 
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Day 35:

If your goal is 1.8% profit per day compounded over 220 days, you should be aiming for a $3.36 daily return right about now. If you're raising your goal to 3% per day, you should be shooting for something like $8.44.

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Hopefully I've smoothed out most of the kinks I ran into during the first half of this week while working through the process of transitioning from less of an intraday perspective to more of a swing trade outlook.
 
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