So Now I have my Mission. How am I going to achieve that?
I am going to use a power of compounding. Read more about it in my article .
And here is The Plan:
After each month if there are earnings I will recalculate and increase my lot size according
to my risk which should be no more than 5% per trade.
This way I will speed up my earnings in the long run.
I expect to make at least 10% profit monthly, which would normally return 120% a year:
But if I compound 10% monthly it will return 200% a year!!
Let´s do some calculations now.
Starting capital: $1,000
Profit: 10% monthly and compounded
So this is what you get:
1. year: $3,138
2. year: $9,000
.
.
.
5. years: $243,000
.
.
7. years: $2,187,000
So this is my plan and my mission. Now all that I need is a patience and persistance.
I believe this is possible to be done. If you wish to follow me and auto-copy my trades just check my Signal Provider Portfolio and join me.
Happy Trading :)
