100K Challenge

I’m closing my first trading day of the challenge. Took 2 trades total, both ended up in profit. Total profit 4.5%.

Both trades happened in the morning. I spent the afternoon just rejecting the alerts as nothing good enough came up 🙂

It was a relatively easy day without hard challenges, but in the last hour of the trading session I was getting tired and it was hard to concentrate.

In hindsight, 7 minutes to the end of my trading session I could have taken another trade on GBPAUD but I decided that the entry was not perfect enough. Could as well be my tired mind just trying to protect myself from dangers. But I can’t complain. Profit is profit. And my body is just doing its job – so I thank it for that.

Trades list:

• EURUSD buy 1.1224 exit 1.1230
• EURGBP buy 0.8449 exit 0.8453

Cheers and see you tomorrow.

This challenge is to show myself and the world what’s possible in trading. To grow a small account of approximately 533 euros into 100K (€100,000). It sounds spectacular to my limited mind but when I think logically about it, there’s nothing spectacular about it. It’s just letting the compound interest doing the work. My daily goal will be 2.5% profit per day. Compounded daily, it takes 212 trading days to achieve the goal, which means it’s a bit less than a year.

Of course there will be fluctuations so compounding won’t work exactly as in the formula, but doing it in a year is still possible. I might double the initial capital in the near future to make it even more realistic to hit the target in 1 year though. I’ll be posting daily reviews in this blog so I’ll let you know about any capital additions as well.

I said the starting capital is approximately 533 euros because I split the starting capital into 2 accounts: one is MetaTrader 4 account where I do my analysis and place the orders, the other is cTrader USD account which replicates the MT4 account. If you’d like to copy this account via the cTrader Copy platform, click here.

The minimum amount is only $100 USD or equivalent. To copy, you need to open an account at a cTrader Copy supported broker (for example, IC Trading/IC Markets Global) and open a live cTrader account in any currency. I trade this account with 500:1 leverage so it’s best to choose the same. If it’s not available then 100:1 would be the minimum – but it might not copy all trades perfectly due to little free margin available.

Thanks for stopping by and have a nice day!