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1K TO 1M CHALLENGE
Anggota Sejak Nov 18, 2017
1 pos
Anggota Sejak Jan 05, 2016
1189 pos
Jan 06, 2019 at 23:33
(diedit Jan 06, 2019 at 23:45)
Anggota Sejak Jan 05, 2016
1189 pos
I'm not going to say this is an impossible task, because there is of course a possibility that it could happen.
For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.
To actually accomplish this task though, is extremely difficult.
Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.
For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.
To actually accomplish this task though, is extremely difficult.
Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jan 07, 2019 at 09:06
(diedit Jan 07, 2019 at 09:06)
Anggota Sejak Feb 22, 2011
4862 pos
Professional4X posted:
I'm not going to say this is an impossible task, because there is of course a possibility that it could happen.
For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.
To actually accomplish this task though, is extremely difficult.
Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.
So if we change it to realistics and safe 1.95% a month
Then you will need 360 months
Which is 30 years
So it will be great investment for your retirement, isn't it?
Anggota Sejak Jan 05, 2016
1189 pos
Jan 07, 2019 at 10:01
Anggota Sejak Jan 05, 2016
1189 pos
togr posted:Professional4X posted:
I'm not going to say this is an impossible task, because there is of course a possibility that it could happen.
For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.
To actually accomplish this task though, is extremely difficult.
Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.
So if we change it to realistics and safe 1.95% a month
Then you will need 360 months
Which is 30 years
So it will be great investment for your retirement, isn't it?
Yes Exactly!
A small account can grow to a very comfortable retirement account if properly managed.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jan 07, 2019 at 10:44
Anggota Sejak Feb 22, 2011
4862 pos
Professional4X posted:togr posted:Professional4X posted:
I'm not going to say this is an impossible task, because there is of course a possibility that it could happen.
For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.
To actually accomplish this task though, is extremely difficult.
Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.
So if we change it to realistics and safe 1.95% a month
Then you will need 360 months
Which is 30 years
So it will be great investment for your retirement, isn't it?
Yes Exactly!
A small account can grow to a very comfortable retirement account if properly managed.
It is perhaps not so difficult to make 2% monthly
But to keep it consistent for years and do not withdraw anything
for years...
Anggota Sejak Jan 05, 2016
1189 pos
Jan 08, 2019 at 08:38
Anggota Sejak Jan 05, 2016
1189 pos
togr posted:
It is perhaps not so difficult to make 2% monthly
But to keep it consistent for years and do not withdraw anything
for years...
Very true, few people would have that kind of discipline to never withdraw from the account.
Perhaps if the investor created multiple accounts, and designated one of them as the retirement account it might be easier.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jan 08, 2019 at 09:22
Anggota Sejak Feb 22, 2011
4862 pos
Professional4X posted:togr posted:
It is perhaps not so difficult to make 2% monthly
But to keep it consistent for years and do not withdraw anything
for years...
Very true, few people would have that kind of discipline to never withdraw from the account.
Perhaps if the investor created multiple accounts, and designated one of them as the retirement account it might be easier.
Yeah name it.
Like assign that account to newly born son or daughter to help you trade it responsibly without withdrawals.
Poor US guys whose need to pay for university should do that for their children :)
Jan 08, 2019 at 14:01
Anggota Sejak Feb 22, 2011
4862 pos
Amancio posted:
2% a month sounds so easy on paper but the reality of trading is so difficult that hardly anyone would be able to achieve that figure.
I have safe system that makes 2% month without risk
But I do not use it as formula of my balance and my expenses push me to more profitable systems
Anggota Sejak Oct 28, 2015
51 pos
Aug 01, 2020 at 19:38
Anggota Sejak Oct 28, 2015
51 pos
😀
xperts posted:lol i have done 1k to zero so many times.😀Euge9999 posted:
Anybody knows what happened to Gcharts and his 1K TO 1M CHALLENGE account?
I think it's been more like '1K to Zero Challenge' and they been doing great in that as it appears...
Prayer is the True Power that controls the World.
Aug 01, 2020 at 20:03
Anggota Sejak Dec 16, 2019
1 pos
using an FTMO account, (100k acct.) which requires 10% monthly gain, could lead to this goal in just 100 months. (8 years). 10% monthly is very very doable. your daily loss limit, even in floating trades, can never exceed 5%. it is a safe way to trade at least for my strategy.
Anggota Sejak Aug 23, 2020
18 pos
Anggota Sejak Jul 20, 2019
373 pos
Sep 03, 2020 at 11:10
Anggota Sejak Jul 20, 2019
373 pos
The most realistic is something between 2% and 10% per month. Everyone should know this who is more than 2 years in the trading scene. All the others are just dreamers which might have some luck with their poor money management. There's hardly anyone who's doing this for more than 5 or 10 years. 20% per month is possible, but not for more than 1 year. If anyone is telling you something like '20-100%/month over more than 2 years' is a cheater/faker/scam. That's it.
100% per year with a max drawdown of around 20% is a good goal though. But a goal is a goal and real results are real results. These are two different things. Forex is never a thing with which you can make a real plan on very long terms. Most people are just gambling, like you can see with the original poster of this thread here, making '1k to 0' three (or even more) times per year. lol
100% per year with a max drawdown of around 20% is a good goal though. But a goal is a goal and real results are real results. These are two different things. Forex is never a thing with which you can make a real plan on very long terms. Most people are just gambling, like you can see with the original poster of this thread here, making '1k to 0' three (or even more) times per year. lol
patience is the key
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