New challenge: from US$ 10k to 50k trading the ES - Starts on Monday, the 14th

The challenge started in February is finished, we have met the target from US$ 10k to 100k in just a little over than 7 months, the whole challenge has taken us 29 weeks to complete, it's interesting to note that the stage that took longest was from US$ 30k to 50k, it took 9 weeks to complete and the shortest from US$ 60k to 100k, which was done in just 4 weeks, but that was due the power of compounding profits + high volatility in the markets that allowed us to fetch bigger profits.

See break down of time elapsed to reach targets below:

1st Stage: 5 weeks (trading 2 lots)

2nd Stage: 2 weeks (trading 3 lots)

 3rd Stage: 5 weeks (trading 4 lots)

4th Stage:  4 weeks (trading 6 lots)

5th Stage: 9 weeks (trading 10 lots)

6th Stage: 2 weeks (trading 15 lots)

7th Stage: 2 weeks (trading 20 lots)

Now we have set a date to start a new challenge: September, the 14th, Monday.

This time we will try to take a US$ 10,000.00 account in real time, live in our trading room to US$ 50,000.00

See below the rules we use in the new challenge and the targets for each stage.

Every time we accomplish a new target we increase the size we trade, in case we go back in size to the previous level then we decrease the size back to previous size as well so that we do not break the risk management rules.

Instrument we trade: ES (S&P 500 e-minis, US$ 50.00 per point/lot)

Stage 1 starts with: US$ 10,000 (done)
Trade size: 2 lots
Target in US$: 12,000 – In ES points: 20
Max expected Time to reach target: 1-2 months Target met in just 1 week on 09/18/15

Stage 2 starts with: US$ 12,000 (done)
Trade size: 3 lots
Target in US$: 15,000 – In ES points: 20
Max expected Time to reach target: 1-2 months Target met on 09/23/15

Stage 3 starts with: US$ 15,000 <== Stage in play now
Trade size: 4 lots
Target in US$: 20,000 – In ES points: 25
Max expected Time to reach target: 1-2 months Target met on 10/30/15

Stage 4 starts with: US$ 20,000
Trade size: 6 lots
Target in US$: 30,000 – In ES points: 35
Max expected Time to reach target: 2-3 months

Stage 5 starts with: US$ 30,000
Trade size: 10 lots
Target in US$: 40,000 – In ES points: 20
Max expected Time to reach target: 1-2 months

Stage 6 starts with: US$ 40,000
Trade size: 12 lots
Target in US$: 50,000 – In ES points: 17
Max expected Time to reach target: 1-2 months