To have a sincere go at turning 5000 USD into a million by end of 2016, what sort of money management & risk management strategy do you employ/recommend? Of course, considering that it does not matter even a bit, if entire 5K is lost whilst trying..
Before we can talk about winning we have to talk about losing:
Losing it all is harder than you think. At a maximum risk of 1.5% it would take
about 2 weeks of 100% losers (blowing up your space) just to move down 1 level
where as any single win (a %target) will move you up one level.
[$5,000.00] <--- start here
[$4,127.01] <--- destroy space 14 times (-17.45974098866722%)
[$3,406.44] ...28 times
[$2,811.69] ...42 times
[$2,320.77] ...56 times
[$1,915.57] ...70 times
[$1,581.12] ...84 times
...& you still have 6 more waypoints before you are down by 90% (24 total weeks, 168 losses)
Now we can talk a little about winning:
A more realistic number would be 2000% or roughly 16 waypoints in one year using 21.153% waypoints.
It is possible to add two zeros and then some, but I wouldn't count on it
I will be starting an ideas II thread in March to go over the newer ideas.