Taking 0.5K to 100K in six months

Riiight,

my odds of being as famous as Angelina Jolie are better than your odds of making 100k in six months.

AND... I am not even in the movie business !
 
Table below shows the Position sizing i need to be using to get to the 100K target.

As can be seen it isnt until the account reaches 24K that i can get the position sizing down to 5%.
This is after 12 weeks in (if everything goes to schedule).

As already mentioned the risk of ruin is extremely high in the first 10 weeks.

Code: 
Week	Start Equity		Max BetSize  %of Account Risked Per Bet
1		500		250		50
2		800		250		31.2
3		1300		250		19.2
4		2050		400		19.5
5		3200		500		15.6
6		4500		660		14.6
7		6000		800		13.3
8		8000		1000		12.5
9		10500		1200		11.4
10		13500		1200		8.8
11		17000		1200		7
12		20500		1200		5.8
13		24000		1200		5
14		27500		1200		4.3
15		31000		1200		3.8
16		34500		1200		3.6
17		38000		1350		3.5
18		42000		1350		3.5
19		46000		1750		3.5
20		51500		2000		3.5
21		57000		2000		3.3
22		63000		2300		3.3
23		70000		2300		3.2
24		77000		2500		3.2
25		84000		2500		2.9
26		92000		2500		2.7
 
Quote from livermoreorless:

So what's your success rate so far?

Both in relative and absolute value?
More...

My second post in this thread shows my journal trades to date.

Or are you asking a different question?
 
I know that most likely, you are unwilling to give specific details, but do you think you could possibly disclose the basics of your trading strategy to those of us who find it hard to have the same track record :D . Either way, great journal, Ill be following it. Keep us updated.
 
Quote from obeavers:

I know that most likely, you are unwilling to give specific details, but do you think you could possibly disclose the basics of your trading strategy to those of us who find it hard to have the same track record :D . Either way, great journal, Ill be following it. Keep us updated.
More...

I havent reached my target yet, i could still blow up, best not to ask me for trading advice until i reach atleast 15K i think. But i will give you some advice about trading days like today: If you were trading the stock market indexes then you did not want to be taking any long trades today!

Todays P/L was a profit of 539.5

Account balance currently stands at 1351. Which, after just 3 days, is way a head of target.
I must not get carried away now. Also i must keep cool if i hit a losing streak, which could happen at any time.

Following is every entry/exit made today (in reverse order):
Code: 
Date       Market                       Open            Size    Close    P/L
22/06/2009 Wall Street Daily Cash       8364            -7      8339     175
22/06/2009 FTSE 100 Daily Future (Sep)  4279.5          -5      4263.1   82
22/06/2009 FTSE 100 Daily Future (Sep)  4280.8          -5      4263.1   88.5
22/06/2009 Spot FX EUR/USD              13910.5         -10     13890.5  200
22/06/2009 Spot FX EUR/USD              13910.6         -10     13900.6  100
22/06/2009 Spot FX EUR/USD              13911           -10     13916.5  -55
22/06/2009 Spot FX EUR/USD              13911.1         -10     13916.2  -51
 
I will use graphical screen grab blotters going forward.
Saves having to convert tabs to spaces in the textual blotters i have been posting.

Here are all transactions to date:

attachment.php
 

Attachments

Wow, youre where you wanted to be a little less than three weeks from now.

Im sure Ill just ask again in a week or so, you'll probably be right near there :) .

Signed up for this, might as well check out the rest of the forums till then.
 
You must log in or register to reply here.
Back
Top