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1K TO 1M CHALLENGE

vontogr (togr)
Jan 07 2019 at 09:06
4862 postów
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?

Professional4X
Jan 07 2019 at 10:01
1189 postów
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.
vontogr (togr)
Jan 07 2019 at 10:44
4862 postów
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...

Euge9999
Jan 08 2019 at 07:46
2 postów
mk03 posted:
I am planning to do the same thing. Hope I dont go belly up soon. 😭




I will follow you IF you use a live acc.





Professional4X
Jan 08 2019 at 08:38
1189 postów
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.
vontogr (togr)
Jan 08 2019 at 09:22
4862 postów
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 :)

Amancio
Jan 08 2019 at 11:28
10 postów
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.

vontogr (togr)
Jan 08 2019 at 14:01
4862 postów
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

Orangotang
Aug 01 2020 at 19:38
51 postów
😀
xperts posted:
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...
lol i have done 1k to zero so many times.😀

Prayer is the True Power that controls the World.
Proba18
Aug 01 2020 at 20:03
1 postów
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.

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