2009-12-17

Day 34 - "One step closer to the plan"

Author: Arslan | Posted at: 12:59 PM | |

Today was simply perfect, since I was able to save a profit of 14,33 $. Thats a blessing after the last days which put me back behind my plan. the market was pretty active today and there were many opportunities for nice trades, unfortunatey I didnt have much time so I just placed the trades in the morning and then in the evening so again I did not close all trades, since I expect more movement into my favour. Obviously I'm still behind my plan, but Im positive about the catching up.

Targeted Day-profit: 11,22 $
Achieved Profit: 14,33 $
Targeted Cash Balance: 327,42 $
Current: 296,94 $
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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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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.

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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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