The goal of the project is to make 1,000,000 USD from 320 USD on futures. Using trading strategies the project will show mechanisms and nuances of the real intraday and medium-term trading in maximising opportunities and making profit. Place your bets, gentlemen! )
Foreword
I received an email from one of my exchange accounts, which frankly speaking I have completely forgotten about, that 320 USD in commission has been credited to my account by my broker. I have not worked with this broker for a long time due to personal preferences, however, I decided not to withdraw such an insignificant amount and instead turn it into a million dollars by trading it on futures.
What is my incentive?
I made my fortune a long time ago in stocks and forex. When trading futures, I used 1:20 leverage and a hefty deposit, which offered a moderate risk. The incentive in this case for me is to make a million dollars using 1:100 leverage and a small deposit. The risk in this instance is much greater and the amount is less - this is my interest! I also continue to trade my main assets in my other accounts using a similar strategy, but with minimal risk and trading long term.
Trading strategy
My trading style is swing trading. However, in the accumulation and distribution phases I will resort to scalping using 15M. My forecast of price movement is based on various patterns and analysis of trend, candles, volumes, figures and divergences. I confirm my entry and exit points using signals from numerous indicators and oscillators.
The probability of an making error, however, may still be present. Whatever one may say - it is still a market with a degree of uncertainty! Therefore, a careful risk management policy will prevail.
Trading criteria
Leverage =1:100
Stop Out = 50.00%
Main instrument = BTC / USD.
Alternative secondary instruments: Forex, Metals, Oil , Indices,
Timeframes = 15M - 1D
Project management
Technical analyses (TA) will be published under the heading "Making a million". In my TA, I will publish strategies with entry and exit points and keep records of Profit & Loss (PNL). Weekly statement of my balance - will be provided on this page on Sundays. If you are interested in keeping up with the progress, then consider adding this page to your favorites!
The plan for deposit's growth is divided into 15 stages:
1. 320 - 600 USD
2. 600 - 1,500 USD
3. 1,500 - 3,000 USD
4. 3,000 - 6,000 USD
5. 6,000 - 10,000 USD
6. 10,000 - 15,000 USD
7. 15,000 - 25,000 USD
8. 25,000 - 41,000 USD
9. 41,000 - 65,000 USD
10. 65,000 - 100,000 USD
11. 100,000 - 150,000 USD
12. 150,000 - 250,000 USD
13. 250,000 - 400,000 USD
14. 400,000 - 600,000 USD
15. 600,000 USD - 1,000,000 USD
Goal's achievement
I cannot predict how long exactly it is going to take to achieve my goal as a lot will depend on the dynamics and volatility of the market for the selected instruments. To get to a successful outcome, balanced decisions with minimal risks would need to be made. Therefore, there is no reason to rush.
Your participation in the project
I invite you to take part in this project in terms of observers or users! It should be quite an educative rally. It would be good to get your feedback including ideas and comments about "Making a million" project. I am in favour of running a forum format in which you can discuss mutual topics adhering to professional etiquette.
Please note
By providing my technical analysis in my articles, I do not encourage anyone to trade according to my strategies, because risk management and leverage are individual in every single case. Please be aware!
A kind request
Please do not publish any charts or technical analysis on this specific page. This page was created solely for the purpose of the project' presentation and its weekly reporting.
Contacts
I will much appreciate if you do send any PMs! I'm a trader, not an oracle. In my individual articles, however, I will be glad to receive your comments and support! Please be constructive when making your argument to keep it more productive for everyone.
My official content - is on this site!
Profitable trades to you and good luck in trading!
Though I am not aware, it is possible that someone else has already done or is doing a similar project. In any instance, it does not matter. I am doing a personal project the way I see fit and that's the beauty of it!
Start of trading: 10 May 2022 ‐ insignificant trading
Deposit amount: 319.94 USD
An idea for the project: 17 July 2022
______________
3 August 2022 = 968.50 USD (start date of online project and active trading)
Foreword
I received an email from one of my exchange accounts, which frankly speaking I have completely forgotten about, that 320 USD in commission has been credited to my account by my broker. I have not worked with this broker for a long time due to personal preferences, however, I decided not to withdraw such an insignificant amount and instead turn it into a million dollars by trading it on futures.
What is my incentive?
I made my fortune a long time ago in stocks and forex. When trading futures, I used 1:20 leverage and a hefty deposit, which offered a moderate risk. The incentive in this case for me is to make a million dollars using 1:100 leverage and a small deposit. The risk in this instance is much greater and the amount is less - this is my interest! I also continue to trade my main assets in my other accounts using a similar strategy, but with minimal risk and trading long term.
Trading strategy
My trading style is swing trading. However, in the accumulation and distribution phases I will resort to scalping using 15M. My forecast of price movement is based on various patterns and analysis of trend, candles, volumes, figures and divergences. I confirm my entry and exit points using signals from numerous indicators and oscillators.
The probability of an making error, however, may still be present. Whatever one may say - it is still a market with a degree of uncertainty! Therefore, a careful risk management policy will prevail.
Trading criteria
Leverage =1:100
Stop Out = 50.00%
Main instrument = BTC / USD.
Alternative secondary instruments: Forex, Metals, Oil , Indices,
Timeframes = 15M - 1D
Project management
Technical analyses (TA) will be published under the heading "Making a million". In my TA, I will publish strategies with entry and exit points and keep records of Profit & Loss (PNL). Weekly statement of my balance - will be provided on this page on Sundays. If you are interested in keeping up with the progress, then consider adding this page to your favorites!
The plan for deposit's growth is divided into 15 stages:
1. 320 - 600 USD
2. 600 - 1,500 USD
3. 1,500 - 3,000 USD
4. 3,000 - 6,000 USD
5. 6,000 - 10,000 USD
6. 10,000 - 15,000 USD
7. 15,000 - 25,000 USD
8. 25,000 - 41,000 USD
9. 41,000 - 65,000 USD
10. 65,000 - 100,000 USD
11. 100,000 - 150,000 USD
12. 150,000 - 250,000 USD
13. 250,000 - 400,000 USD
14. 400,000 - 600,000 USD
15. 600,000 USD - 1,000,000 USD
Goal's achievement
I cannot predict how long exactly it is going to take to achieve my goal as a lot will depend on the dynamics and volatility of the market for the selected instruments. To get to a successful outcome, balanced decisions with minimal risks would need to be made. Therefore, there is no reason to rush.
Your participation in the project
I invite you to take part in this project in terms of observers or users! It should be quite an educative rally. It would be good to get your feedback including ideas and comments about "Making a million" project. I am in favour of running a forum format in which you can discuss mutual topics adhering to professional etiquette.
Please note
By providing my technical analysis in my articles, I do not encourage anyone to trade according to my strategies, because risk management and leverage are individual in every single case. Please be aware!
A kind request
Please do not publish any charts or technical analysis on this specific page. This page was created solely for the purpose of the project' presentation and its weekly reporting.
Contacts
I will much appreciate if you do send any PMs! I'm a trader, not an oracle. In my individual articles, however, I will be glad to receive your comments and support! Please be constructive when making your argument to keep it more productive for everyone.
My official content - is on this site!
Profitable trades to you and good luck in trading!
Though I am not aware, it is possible that someone else has already done or is doing a similar project. In any instance, it does not matter. I am doing a personal project the way I see fit and that's the beauty of it!
Start of trading: 10 May 2022 ‐ insignificant trading
Deposit amount: 319.94 USD
An idea for the project: 17 July 2022
______________
3 August 2022 = 968.50 USD (start date of online project and active trading)
Comment:
7 August 2022 = 1085.28 USD
Comment:
14 August 2022 = 1273.58 USD
Comment:
21 August = 1484,63 USD
Comment:
28 August = 1387.78 USD
All instruments on the exchange I trade on are closed on weekends. On Friday, I missed the downward momentum after Mr. Powell's speech, as a result of which the deposit is now in a critical state of 53%. Most likely I will have to close all positions to avoid liquidation. I may have around 600 USD left, but it's better than 0. It's not so easy with 1:100 leverage, one mistake or two and you're gone! Although BTC has a signal for a reversal or a pullback to 8H, I'm afraid my margin may not withstand any further fall.
All instruments on the exchange I trade on are closed on weekends. On Friday, I missed the downward momentum after Mr. Powell's speech, as a result of which the deposit is now in a critical state of 53%. Most likely I will have to close all positions to avoid liquidation. I may have around 600 USD left, but it's better than 0. It's not so easy with 1:100 leverage, one mistake or two and you're gone! Although BTC has a signal for a reversal or a pullback to 8H, I'm afraid my margin may not withstand any further fall.
Comment:
4 September 2022 = 628.35 USD.
Last Monday I had to close all positions leaving me with 391.12 USD in the pot. It's a shame, but such is the price of making a mistake when trading a high volatility instrument with a large leverage. Had to trade Forex for a week instead to increase my deposit.
Last Monday I had to close all positions leaving me with 391.12 USD in the pot. It's a shame, but such is the price of making a mistake when trading a high volatility instrument with a large leverage. Had to trade Forex for a week instead to increase my deposit.
