The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 21, 2016 6:20 pm

laksh wrote:
The other day I came across a thread on FF whilst checking calender. This guy says he is turning $50K into $100 Billion in 20 years. He shared his TE. His claims seem out of this world!

http://www.forexfactory.com/showthread.php?t=586816


3 pips is 1% and 36 pips per day is $252 trillion per year per $100, I think that we have him beat! :lol:

It never works exactly the way the calculator says it is going to work.

Take it one realistic goal at a time and you will achieve something that looked unrealistic when you started.

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Thu Apr 21, 2016 6:58 pm

MightyOne wrote:Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?


Apparently you need net positive pips a day if that translates into net positive $$. 1% a day is a lot, it adds up.

Can you do a demo for us on that 7% a day with a $100 for 252 days :mrgreen: You'll put your broker out of business and probably quit trading. I think that maintaining 7% a day is highly improbable. I've made a lot more in a single day, but 7% a day for 252 days is lofty.
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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 21, 2016 9:53 pm

aliassmith wrote:
MightyOne wrote:Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?


Apparently you need net positive pips a day if that translates into net positive $$. 1% a day is a lot, it adds up.

Can you do a demo for us on that 7% a day with a $100 for 252 days :mrgreen: You'll put your broker out of business and probably quit trading. I think that maintaining 7% a day is highly improbable. I've made a lot more in a single day, but 7% a day for 252 days is lofty.


4% is hard enough as it is...
it is like running next to a moving train, stop to tie your shoe and you'll never catch up.

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Re: The ideas that I trade by:

Postby prochargedmopar » Fri Apr 22, 2016 4:57 am

MightyOne wrote:Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?


Answer:
How ever many pips it takes for me to make 2% a day minimum.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: The ideas that I trade by:

Postby aliassmith » Fri Apr 22, 2016 8:55 am

prochargedmopar wrote:
MightyOne wrote:Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?


Answer:
How ever many pips it takes for me to make 2% a day minimum.


The answer is about 6 to infinity.
Take your total number of weekly pips and divide that by 10 and that is what you need it to be for 2%.

Total number of weekly pips divided by 5 for 1% a day.
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Re: The ideas that I trade by:

Postby aliassmith » Fri Apr 22, 2016 12:17 pm

Seems like a weekly target would be better to manage.
1% = 5.1% +0 48Wks
2% = 10.4% +00 48Wks
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Re: The ideas that I trade by:

Postby MightyOne » Fri Apr 22, 2016 3:07 pm

aliassmith wrote:Seems like a weekly target would be better to manage.
1% = 5.1% +0 48Wks
2% = 10.4% +00 48Wks


3 lines = 1% and my target is 63.6 lines per week or 21.2%

My minimum target is 30.3 lines per week.

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Re: The ideas that I trade by:

Postby aliassmith » Fri Apr 22, 2016 3:25 pm

MightyOne wrote:
aliassmith wrote:Seems like a weekly target would be better to manage.
1% = 5.1% +0 48Wks
2% = 10.4% +00 48Wks


3 lines = 1% and my target is 63.6 lines per week or 21.2%

My minimum target is 30.3 lines per week.


So 21.67% is 4% a day..... Don't stop and tie your shoe. #-o
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Re: The ideas that I trade by:

Postby laksh » Fri Apr 22, 2016 4:45 pm

aliassmith wrote:
MightyOne wrote:
aliassmith wrote:Seems like a weekly target would be better to manage.
1% = 5.1% +0 48Wks
2% = 10.4% +00 48Wks


3 lines = 1% and my target is 63.6 lines per week or 21.2%

My minimum target is 30.3 lines per week.

So 21.67% is 4% a day..... Don't stop and tie your shoe. #-o


I think there is a little difference... 21.67% a week is a bit easier than 4% a day.

For ex: one day we had to stop and tie our shoe (missing 4% a day), but the other day train may be running slower (as in much better daily range) , our shoe does not need to be tied when the run starts and we run faster than the train (say 7% and above) 8)

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Re: The ideas that I trade by:

Postby prochargedmopar » Fri Apr 22, 2016 8:17 pm

MightyOne wrote:
aliassmith wrote:Seems like a weekly target would be better to manage.
1% = 5.1% +0 48Wks
2% = 10.4% +00 48Wks


3 lines = 1% and my target is 63.6 lines per week or 21.2%

My minimum target is 30.3 lines per week.


1% a day doubles an acct in 66 days.
Starting with $500 it would take about 3yrs to become a millionaire.

Seems a lot more feasible to be a turtle.
If I start now I'll have a little cash in my pocket when I retire in June of 2019.

Guess its my choice.
Retire broke OR with a little fun money.
Either way. F workin.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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