That is a log of my effort at taking $300 and turning it in to 100K in a year. First with a demo account then with a live account.


Disclaimer: This is a log, not trading signs! That is what has happened in my adventures in FX. Forex trading comprises very high risk as well as possible high reward. This system has the potential for high margin use above what is typical normal margin risk. If you use anything in this log to your own trading, it's entirely on your own risk. You're liable for your transactions, amount of margin used, system used, etc..


System 42, the short description.
Make a given percentage (2.8735percent ) or more each trading day of the previous days account equilibrium. This relies on 250 trading days and has allowances for quarterly tax payments of 33% (Maximum tax potential ). Select your personal pair and trading style/system. For a $300 start your profits per day are as follows for the first couple of days and last couple of days so you can see how it functions.


Day 1 Start $300.00 End $308.62 Profit $8.62
Day 2 Start $308.62 End $317.49 Profit $8.87
Day 3 Start $317.49 End $326.61 Profit $9.12
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Day 248 Start $126,365.29 End $129,996.40 Profit $3,631.11
Day 249 Start $129,996.40 End $133,731.84 Profit $3,735.45
Day 250 Start $133,731.84 End $137,574.63 Profit $3,842.78
Tax's QT 4 ($37,561.10)
Internet for 250 days of trading following tax's $100,013.52


depending upon your leverage and risk, you are eager to presume, these are rather affordable aims to reach on a daily basis. Assume 50:1 leverage and 2k trade dimensions, you only need a 44 PIP's total motion of your transactions to receive your daily profit. Trading in 50:1 leverage to produce your target will use anywhere from 15% - 50% of your account margin based on in the event that you are trying to make it all in one trade or over several transactions in a day, so there is considerable risk involved. Since the account increases in value, your margin necessary to make daily target should decrease but it will probably be over the normally accepted levels.


System 42, the extended description.
That is exactly what this diary is for. I'd be foolish if I thought that a trading system would not evolve over a year since the market and global economy are not static.


System 42, the rules.
1) Look in the information available to make your trade, plan your own trade.
2) Make the trade, follow the plan.
3) If you have a loss, STOP! Close down the Program! DO NOT CHASE A TREND THAT MOVED AGAINST YOU! There is tomorrow.
4) If you have made a profit for the day and you have no open positions, STOP! Close down the Program!
5) When you have made your profit for daily and have open positions which are adding to your profit, place SL /TS to secure your profits and continue until you are done or SL/TS activates, then see #4.
6) You made a profit substantially greater than your target? GREAT! See #4!
7) You made profit but haven't made your target for the day? See #1 and #4, the decision is yours.


The hardest aspect of this system is the closing of this software. This isn't to say that you can't monitor the markets, you are simply not trading! Utilize software other than what you use to exchange for tracking so you won't be tempted to only place one more place, make a few more PIP's. For me, only the act of one more trade has killed more demo accounts than that I can remember.


Currently I'm in search of a broker and I've narrowed it down to 2 and am demoing accounts to learn their software. When I am really comfortable with the broker and their software, I will be going live. I will be updating this diary at the conclusion of the majority of trading days.


Feel free to ask questions and comment as I progress in this experience.