Thoughts and stories about my journey in the markets.
Friday, March 25, 2011
From US$ 10,000 to US$ 1 M in 100 weeks
Many traders ask me how much is the minimum amount to start trading futures, that is not very easy to answer because it involves many variables and rules that a trader will have to follow, the smaller the beginning account is, the more disciplined and patient the trader will have to be.
Just for your entertainment and inspiration, I've put a "map" below with a table on how you can start your trading with a "small account" and trade your way to success in a "slow" but steady way to reach US$ 1 million in 100 weeks.
Of course you will need an edge if you want to have a minimal chance at the difficult task of being successful in the markets, there are many good traders offering their tradable levels on Twitter, a good service is my own, Diamond Setups, but there are many others to choose from for all pocket sizes and trading styles, the advantage of my service is that I not only give you the levels for high odds trades but I also teach you how you can find those levels all by yourself.
The table below, let me be clear here, has no technical value, it's just an idea for you to see that it is possible to go from a small amount to a big one by only making 1 ES point a day (yes! one point in SP500 futures). Believe it or not, if you make only 5 points a week it is possible to reach that dreamed-by-many target of 1 million bucks in 100 weeks!
Each time you reach an intermediate target you will increase the # of lots you play with, in a way that you will only risk part of the profits you have already won.
Enjoy yourself by looking at what 1 e-mini point a day can do to your account:
Total Capital in US$ Qty of lots Target in US$ Weeks to reach target
10,000 2 20,000 20
20,000 4 30,000 10
30,000 8 50,000 10
50,000 20 100,000 10
100,000 40 200,000 10
200,000 60 500,000 20
500,000 100 1,000,000 20
Create your own plan and make it happen!
Best of luck in your trading!
Posted by @RenaTrader at 11:20 AM
Labels: plan, psychology, trading
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