Making Lemonade out of lemons or how to profit from the crisis

Maybe you guys already stumbled upon this interview already, if not I would recommand you to watch it. Sure Rastani was quite provokative with this dream-thing, but actually this should not be as shocking as it obviously is. everyone knews that you can pocket in when the market is heading north aswell as when it is about to meet new lows. Speculators have done this over the past centuries and todays Traders do aswell. There were many grat Investors wich recognized the opportunity and build fortunes. Legends as Jasse Livermore & Paul Tudor Jones are just two of many that did not miss to do the right thing at the right time. So what is all that hype about with this interview i.e. Rastanis Statement?! I guess the only shocking thing is that actually someone tells the truth in front of a camera. What do you guys think about the stuff he said in the interview? Some people called him a psychopath and wanted him dead and the theory that this whole interview was a hoax shows how uncomfortable the truth can be. The question is, when its wrong to capitalize on the crisis, what is the alternative for a trader? Wait untill the the market has stabilized itself and hort the cash under the mattress while you sit on your hands. The big institutions are going to get their piece of pie that thing is for sure, but when small traders proclaim that everone can cash in during the tough time when appropriately prepared the fingerpointing starts.


DaytradeMillionaire plan part day 44 to 365

"DaytradeMillionaire reloaded" Back from blogcation

It's been quite a while since the last post, but as I said "I'll be back". Lot of things happened during the period I kept my project paused. I was not able to trade all the time because I was pretty busy and had to get a few private things done before I could move on, because as you  know the psychological factor must not be underastimated when you aim for successfull trading results. I however did experiment with some new strategies the trial & error way and made some conclusions for my further trading path. I want to thank all of you guys wich sticked to the project even it was on hold for so long. I tried to answer all mails, and plan to inplement the answers to your questions as the requests and suggestions into the articles in order to improve the blog for you readers. For the first part I would like to write obout some points I find crutial for successfull trading, since many readers are obviously interested in this topic. For the second change, I would like to involve you more in the project by providing better statistics and the option to kind of mirrortrade my trades,  in order to make this possible I have choosen a particular broker wich offers the fitting services. I will explain the details on this very soon,  so keep updated by subsribing to the blog if you haven't already.
I will continue my trading with the amount of 379,72 $ wich is obviously 11 cents less then 379,83 $ (the balance at the moment i paused the projet) the reason is that I started the account with less money and traded it up to 379,72 $. I tried hard to get the exact ammount but as you know the volatility of these days is not a help in  this matter. So after a few invane attempts to reach the axact ammount of 379,83 (the problem is that if the position goes to much positive I have failed too). I was tired of trying and decided that even as a perfectionist I can live with that number and I will simply add to my first daily profit target 11 cents in order to reach the ammount. I assume that some of you find this quite irrelvant but Im a details guy, so I found it hard to accept irregularities such as these. Actually ist ok because the amount does not exceed the former balance, so I did not made the project softer buy adding some cents extra. Btw with a daily gain rate of 2,5 % the 0,11 cents are after 322 days eventually worth 312,23 $ thanks to the effect of compound interest, so 11 cents are as a matter of fact not insignificant as they may seem.
Daily updates on the trading results will continue in a few days, so stay tuned.


The Personality of a Trader

Its hard not to trade, and also without the posting but the Pangs of remorse reminded me that Ive taken a "Trader Personality Test" a while ago and I tought it might be interesting for some of you to check it out yourself. Its complitely free and there are a couple of other tests, but I took just the trader's personality test. Beneath you can see my results, unfortunately the details are not clickable since you would have to log in in my account but I guess you are more interested in your own results anyway ;)  


Conscientiousness : Very High 
Emotionality : Very Low 
Extraversion : High 
Openness : Very High 
Agreeableness : Above Average 

For Details Click here

Confidence Biases
Overconfidence : High
Over-Optimism : High
For Details Click here
Risk-taking Biases
Risk Aversion : Very Low
Emotional Vulnerability : Very Low
Holding Losers too Long : Low
Cutting winners short : Above Average
For Details Click here
Self-discipline : Very High
Immediate Gratification : Below Average
Excitement-seeking : Below Average
For Details Click here
Intellectualism : High
For Details Click here
Trend-following : High
For Details Click here


Special Post

Dear Readers,
first of all Im sorry that I havent updated the blog the last few days. As you know I did not trade as much around the new years eve I wrote that in the last post. But now im facing a realy stresfull time (Uniersity) since I have to finish two projects on which I have worked this semester, and there is still a lot of work to do, not to mention that I got to work to earn some bucks between that all. I tought about my one year project considering the progress so far. The way I see it, Im way to far back to catch up the plan again especially when I know that I can hardly trade the next 2 -3 weeks. Im not a pessimist belive me that, but this week I placed like 4 trades in the whole week simply because I did not have the time, so I figured out a solution. Its not perfect but its th best I can come up with in this situation. Some clever people say "don't change a working strategy" so i will not change the project uttely for that reason, but I have to adjust some details since I cant stick to my former plan at this moment. Now the solution is pretty simple, maybe you wondered why I wrote in the header "from 100$ to 1 Million in 365 days" ofcourse thats more time then my former plan allowed me to trade (one year has araound 265 Trading days) so I will adjust the project to 365 days. im not sure if its better to take the exact daily growth percenage for 365 days but I will calculate this as soon as possibleand update the blog with my decission.

Im also sorry that I did not had the time to answer your emails yet so please bear with me. But to those of you asking me "how can I double 100$ in one day?" please be patient and read Books (There are definitely good ones some of them are even linked above). So read, practice with a demo account (or papertrading) before expecting such huge profits or expecting to get the holy grail from me or anyone alse. No offense, but you got to know that even in Forex, Stocks, Options Trading, you got to work for your money mates and the first step is to educate yourself about this stuff.
And ofcourse I thank all those of you which had encouraging words for me and shared this journey with me untill this moment.

" I'll be back " 


Day 43 - "Good Bye 09"

The last trading day in good old 2009 as expected the market does not behave in a way which I would cosider as tradable (to much risk).

Targeted Day-profit: 15,91 $
Achieved Profit: 8,02 $
Targeted Cash Balance: 448,18 $
Current: 379,83 $


Who is behind DaytradeMillionaire.com

My Name is Arslan im an architecture student living in Germany. Since the young age of 15 I've been interested in trading stocks and recently I started trading the FOREX market aswell. Since I like challenges I thought it might be interesting to try trading 100 $ into one Million $ in the short period of one year. Neither do I consider myself a "Inverstment-Guru" nor do I follow some fancy secret methods of such a person, rather I stick to the basics of trading. If you have Questions or just need someone to write to contact me here.

Site Info

This site is basicly a diary of my attempt to become a Daytrade Millionaire in one year. I will daily update the blog with new informations about the placed positions and the resulting profits and as the case may be losses ;) The project starts on November 2nd, 2009 and ends on Oktober 31th, 2010.

You are invited to join me on the exciting journey to the Million by subscribing to this blog.

How I'll do it

To turn 100 $ into 1.000.000 $ in one year the capital has to grow daily by 3,55 % (first day the profit should be minimum 3,55 $ the last day about 36 k $). I will never trade more then 5% of my account value, so I can keep the risk on a decent level. I will trade only the Forex market because the comissions are more attractive and the trading plattforms more suitable for my experiment since it requires a small amount of money to start trading with. This is my plan.


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither Mr. Muminovic, nor any of his affiliates or associates involved in the in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

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