2009-11-30

Day 21 - "First double"

Author: Arslan | Posted at: 12:48 PM | |
One step closer to the plan. Today I was able to cash in some nice profits by closing the open position from friday USD/CHF. I left positions open so today just two positions were booked. My profit was 10,61 $ (without the open positions which I expect to turn into my favour).

Open Positions: USD/JPY, EUR/USD, AUD/USD


Targeted Day-Profit: 7,13 $
Achieved Profit: 10,61 $
Targeted Cash Balance: 208,04 $
Current: 201,69 $


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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.

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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.

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