"You cannot grow fast unless trading penny stocks/crypto"
I want to check some maths.
Find a strategy with 90% winrate that works on 25-30 charts.
Half trades are risk 100 to make 100 half are risk 100 to make 65 (2/3 minus spreads)
There can be big winners, but we ignore them for the purpose of this, they are non predictable random (ok not entirely) and will be see as bonus.
You get 4 wins and half a loss every week (a loss every 2 week)
Week 1 risk X make 2 X + 2*0.65X - 0.5X = 2.3X
Week 2 risk 0.5% of Week 1 profit. X2 = 1.15 * X
The odds of getting 3 losses in a row are 0,1%, 4 losses in a row 0,01%
After 3 months, on week 13 the total profit will be (P=2.3X) P + 1.15P + 1.15²P + ... 1.15^12P = P(1 + 1.15 + 1.15² + ... + 1.15^12)
and the profit you make that week is 1.15^12 = 5.35P
1 + x + x2 + x3 + x4 + ... + xn = (1 - x^(n-1))/(1-x)
So let's say you start risking 200$ per trade. On week 1 you make 2.3* = 460$
On week 13 at the end of 3 months you made (1 - 1.15^11)/(1-1.15) = 3.65/0.15 = 24,3 * 460 = 11000$
On week 13 alone on average your profit will be 1.15^12 * 460 = 2400$
After 6 months, on week 26 profit is 1.15^25 * 460 = 15000$ GG
90% winrate is what I have been getting these past 3 months COUNTING all my Oil losses and USDCNH trade against the trend with no RSI divergence (near guarenteed loss and I knew it would be one) AND looking at only 20 charts. I missed a few but yeah I get about 4 a week (more in April/May but I was making 5-30$ a trade except eurodollar sadface started really small and careful).
Without all the troll losses I will be way higher (I have literally posted I wasn't sure about trades beforehand / was experimenting on most my losses). And I got some big winners (hi EURUSD AUDUSD) it wasn't 100 for 100 on average :}
GG u can blow me dry with your penny stock trading struggler strategy turn $1000 into $100000 in a year.
Hey Chris Dunn in his "how to invest your first 10,000$" video says 1 in a 1000 manages to grow big they are "the Hail Mary's" and no one should consider being able to do that. People (I think same guy too) also say they are a couple of success stories in the stock/penny stock market but nothing in FX it is impossible to grow there stories do not exist.
Since it is what I have been doing for past 3 months WHILE HUNTING FOR BAD SETUPS AND LEARNING, and very likely keep doing, does this mean I am beyond Hail Mary? What am I? 1 in 10 million super godlike monster machine? :D
Idk maybe 99.99% people are too plebish to do very basic multiplications.
Brb going to watch some videos saying it is impossible to succeed to boost my ego, I have not been feeling superior latelly :(
Find a strategy with 90% winrate that works on 25-30 charts.
Half trades are risk 100 to make 100 half are risk 100 to make 65 (2/3 minus spreads)
There can be big winners, but we ignore them for the purpose of this, they are non predictable random (ok not entirely) and will be see as bonus.
You get 4 wins and half a loss every week (a loss every 2 week)
Week 1 risk X make 2 X + 2*0.65X - 0.5X = 2.3X
Week 2 risk 0.5% of Week 1 profit. X2 = 1.15 * X
The odds of getting 3 losses in a row are 0,1%, 4 losses in a row 0,01%
After 3 months, on week 13 the total profit will be (P=2.3X) P + 1.15P + 1.15²P + ... 1.15^12P = P(1 + 1.15 + 1.15² + ... + 1.15^12)
and the profit you make that week is 1.15^12 = 5.35P
1 + x + x2 + x3 + x4 + ... + xn = (1 - x^(n-1))/(1-x)
So let's say you start risking 200$ per trade. On week 1 you make 2.3* = 460$
On week 13 at the end of 3 months you made (1 - 1.15^11)/(1-1.15) = 3.65/0.15 = 24,3 * 460 = 11000$
On week 13 alone on average your profit will be 1.15^12 * 460 = 2400$
After 6 months, on week 26 profit is 1.15^25 * 460 = 15000$ GG
90% winrate is what I have been getting these past 3 months COUNTING all my Oil losses and USDCNH trade against the trend with no RSI divergence (near guarenteed loss and I knew it would be one) AND looking at only 20 charts. I missed a few but yeah I get about 4 a week (more in April/May but I was making 5-30$ a trade except eurodollar sadface started really small and careful).
Without all the troll losses I will be way higher (I have literally posted I wasn't sure about trades beforehand / was experimenting on most my losses). And I got some big winners (hi EURUSD AUDUSD) it wasn't 100 for 100 on average :}
GG u can blow me dry with your penny stock trading struggler strategy turn $1000 into $100000 in a year.
Hey Chris Dunn in his "how to invest your first 10,000$" video says 1 in a 1000 manages to grow big they are "the Hail Mary's" and no one should consider being able to do that. People (I think same guy too) also say they are a couple of success stories in the stock/penny stock market but nothing in FX it is impossible to grow there stories do not exist.
Since it is what I have been doing for past 3 months WHILE HUNTING FOR BAD SETUPS AND LEARNING, and very likely keep doing, does this mean I am beyond Hail Mary? What am I? 1 in 10 million super godlike monster machine? :D
Idk maybe 99.99% people are too plebish to do very basic multiplications.
Brb going to watch some videos saying it is impossible to succeed to boost my ego, I have not been feeling superior latelly :(
Comment:
Looking at this week following my system perfectly I should have had 5 wins 1 loss ( did not look at agriculture futures except soybean, maybe more trades):
USDCNH obvious win
NZDUSD easy win
Gold
Soybean futures
Platinum
Copper should have been a loss.
The EURCHF trade I took was meh, normally just avoid that.
Screw Oil.
Ok let's go play perfectly next week, not that hard.
Don't set alerts too high or ill miss it (gold...)
This week end go check food futures chart and check out metals again to make sure.
Set my alerts sunday before trading starts....
USDCNH obvious win
NZDUSD easy win
Gold
Soybean futures
Platinum
Copper should have been a loss.
The EURCHF trade I took was meh, normally just avoid that.
Screw Oil.
Ok let's go play perfectly next week, not that hard.
Don't set alerts too high or ill miss it (gold...)
This week end go check food futures chart and check out metals again to make sure.
Set my alerts sunday before trading starts....
1.15 ===> becomes 1.4 !!!
Risking 40% ==> 1.12
Risking 45% (so after 1 loss there is no risk of blowing wole previous week profits on a loss) ==> 1.26
1.26 applied to 2.8 * 200 (560) ==> Week 13 profit is 16*560 = 8960 *fap fap fap*
Oooowyeah that sounds more like it.