Building a live account - $1,000 to more than $3,000,000 in 30 years

[traderFJ]

Quote from Busta21:

Hey bro, you trade weekly options!?

Currently, no.

 

[traderFJ]

Performance for the week ended 21 September 2012: +0.13%

Opening VAMI: $1497
Gains/(Losses): $2
Closing VAMI: $1499

 

[traderFJ]

Performance for the week ended 30 September 2012: <font color="red">-1.80%</font>

Opening VAMI: $1499
Gains/(Losses): <font color="red">($27)</font>
Closing VAMI: $1472

 

[mgabriel01]

Quote from traderFJ:

The purpose of this thread is to showcase the progress of a $1,000 live account as I attempt to grow it into more than $3,000,000 in 30 years.

As additional money may be added to the live account from time to time, the measure of success will be the Value Added Monthly Index (“VAMI”) which tracks the growth of the initial $1,000 deposit.

Date of inception: 18 March 2010<br>
VAMI as at 31 March 2012: 1880

<br>

Y1 $1,000 0.318
Y2 $1,318
Y3 $1,737
Y4 $2,290
Y5 $3,018
Y6 $3,977
Y7 $5,242
Y8 $6,909
Y9 $9,106
Y10 $12,002
Y11 $15,818
Y12 $20,848
Y13 $27,478
Y14 $36,216
Y15 $47,733
Y16 $62,912
Y17 $82,918
Y18 $109,285
Y19 $144,038
Y20 $189,842
Y21 $250,212
Y22 $329,779
Y23 $434,649
Y24 $572,868
Y25 $755,040
Y26 $995,142
Y27 $1,311,598
Y28 $1,728,686
Y29 $2,278,408
Y30 $3,002,942

 

[traderFJ]

Over 30 years, the CAGR has to be around 31%. Thanks for the table.

Quote from mgabriel01:

Y1 $1,000 0.318
Y2 $1,318
Y3 $1,737
Y4 $2,290
Y5 $3,018
Y6 $3,977
Y7 $5,242
Y8 $6,909
Y9 $9,106
Y10 $12,002
Y11 $15,818
Y12 $20,848
Y13 $27,478
Y14 $36,216
Y15 $47,733
Y16 $62,912
Y17 $82,918
Y18 $109,285
Y19 $144,038
Y20 $189,842
Y21 $250,212
Y22 $329,779
Y23 $434,649
Y24 $572,868
Y25 $755,040
Y26 $995,142
Y27 $1,311,598
Y28 $1,728,686
Y29 $2,278,408
Y30 $3,002,942

 

[traderFJ]

Performance for the week ended 5 October 2012: 4.42%

Opening VAMI: $1472
Gains/(Losses): $65
Closing VAMI: $1537

 

[mgabriel01]

Quote from traderFJ:

Over 30 years, the CAGR has to be around 31%. Thanks for the table.

31.8


And, you're welcome!

 

[jnbadger]

This is just a fun little game, right? Just to see if you can do it?

I assume you you have other trading accounts where you are not limiting yourself so much.

 

[traderFJ]

Performance for the week ended 12 October 2012: <font color="red">-9.24%</font>

Opening VAMI: $1537
Gains/(Losses): <font color="red">($142)</font>
Closing VAMI: $1395

 

[traderFJ]

BACKTEST RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN BACKTEST RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF BACKTEST RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, BACKTESTING DOES NOT INVOLVE FINANCIAL RISK, AND NO BACKTEST RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF BACKTEST RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.