We're about to achieve our main target (5 points short) at US$ 20,000 in our Challenge #14, where we try to make 100% profit trading ES (S&P 500 e-minis) with a US$ 10,000 account.
In our Challenge we create smaller targets to make them more "easily" achievable, we break that target down into 3 Stages:
Stage 1: from US$ 10,000 to US$ 12,000 trading 2 lots, so our first target is a 20 point target.
When that target is done we start Stage 2: from US$ 12,000 to US$ 15,000, now trading 3 lots, then our target is 20 points one more time.
We're now ready to start the 3rd Stage: from US$ 15,000 to US$ 20,000, we then increase size to 4 lots, having a final target of 25 points.
Such a simple trick makes it look much better than having one single target at 100%.
The rules for the challenge are very clear, in case we lose and go back to a previous Stage we would decrease the size we trade back to that Stage size limit.
If we take our main target of 65 ES points and break it down into trading days we would need around 33 trading days or 7 trading weeks to reach it if we make just 2 points a day, aggressive traders using our trading system, the Diamond Setups, have been able to make an average of 9 points a day this year so far.
Of course, those 3 Stages are just the beginning for a trader who is trying to make a living out of trading, he/she will need to add a couple more Stages to reach the tipping point when he/she would be able to have reached a decent income level that'd allow him/her to live (almost) anywhere in the world comfortably.
Just to give you an idea of the continuation on the milestones a trader would have to conquer until he/she can start living out of trading, check the examples below:
Stage 4: from US$ 20,000 to 30,000 trading 6 lots, another 33 points to reach target.
Stage 5: from US$ 30,000 to 40,000 trading 8 lots, 25 points
Stage 6: from US$ 40,000 to 50,000 trading 10 lots, 20 points.
And then, the breaking levels when trading for a living becomes feasible:
Stage 7 (living the dream): US$ 50,000 to US$ 80,000 trading 20 lots, 30 points
Stage 8: the sky is the limit...
Think about it, that's "just" 173 points separating a trader from living his/her dream, go for it!
FYI, aggressive traders using our system have made 323 points this year so far, of course the market has helped a lot, it is being exceptionally good for day traders since the beginning of the year, but have in mind those points are not from "huge winners", the great majority of the trades gave from +4 to +6 points, very few were +10 trades.
In order to be able to reach those targets you'll need a trading system, an edge, if you still don't have one, use ours.
Join us in our next Challenge #15, click here to learn more ==> Diamond Setups
Best of luck!
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