90 Days Trading Challenge

[Derek27]

It's all about knowing what is achievable consistently within our own limit and build profit slowly. I never said build Profit quickly and work yourself to death by setting unrealistic targets

10% a day compounded for 90 days is unrealistic, as you'll soon find out. Good luck anyway.

[smarttraderr]

It's all about knowing what is achievable consistently within our own limit and build profit slowly. I never said build Profit quickly and work yourself to death by setting unrealistic targets

10% a day compounded for 90 days is unrealistic, as you'll soon find out. Good luck anyway.

Didn't I say that in my first post? that it is hard to do that for 90 days but challenge is to go as far as possible?

[goat68]

I think the fact it seems i'm the only one to react positively to this thread, says it all

[Dallas]

Just done this quick calculation and if you start with 1p and double it every day of the month and you'll have £10,737,418.24 after 31 days

[smarttraderr]

Just done this quick calculation and if you start with 1p and double it every day of the month and you'll have £10,737,418.24 after 31 days

Yes but doubling is extremely hard. Doubling means 100% return. People protesting here for even 2-3%

[Trader724]

I have made simulator for myself which allow me to adjust odds, risk amount, commission, failure rate, success rate, ROI and it let you run 5000 cycles and tell you whether u will be making money or losing it.

I don't think you understand what it means to make 10% a day

You mean one off or week or month or 90 days?

I think that one of the key qualities of a successful trader is to be balanced between optimism and reality, not to assume things based on what we observe in the short term, to be more realistic than everyone else, to be attentive to every detail and not leave anything to chance. I think there are many who think it's easier than it seems and there are many who think it's harder than it seems. Which side do you think you are on?

[smarttraderr]

I think the fact it seems i'm the only one to react positively to this thread, says it all

it's all about mindset. People even in worse condition trying to stay positive and some people even with Cold and Cough are thinking about end of World

[smarttraderr]

I don't think you understand what it means to make 10% a day

You mean one off or week or month or 90 days?

I think that one of the key qualities of a successful trader is to be balanced between optimism and reality, not to assume things based on what we observe in the short term, to be more realistic than everyone else, to be attentive to every detail and not leave anything to chance. I think there are many who think it's easier than it seems and there are many who think it's harder than it seems. Which side do you think you are on?

agree

There is something called AGILE METHODOLOGIES.. where SPRINT is planned. Sprint is short period of 2-3 weeks. In Sprint you try to achieve something based on your knowledge. End of Sprint you have retrospective time where u see what worked and what didnt and based on learning you move further.

People thinking is like Waterfall method where they plan something upfront and aim to get that throughout period which wont work as with time situation and progress things will change.

I have 2 weeks sprint where I see myself whether I can make 10% or not. If that work I will try with 11%. if it doesnt work then I will try with shorter goal.

[Trader724]

You mean one off or week or month or 90 days?

I think that one of the key qualities of a successful trader is to be balanced between optimism and reality, not to assume things based on what we observe in the short term, to be more realistic than everyone else, to be attentive to every detail and not leave anything to chance. I think there are many who think it's easier than it seems and there are many who think it's harder than it seems. Which side do you think you are on?

agree

There is something called AGILE METHODOLOGIES.. where SPRINT is planned. Sprint is short period of 2-3 weeks. In Sprint you try to achieve something based on your knowledge. End of Sprint you have retrospective time where u see what worked and what didnt and based on learning you move further.

People thinking is like Waterfall method where they plan something upfront and aim to get that throughout period which wont work as with time situation and progress things will change.

I have 2 weeks sprint where I see myself whether I can make 10% or not. If that work I will try with 11%. if it doesnt work then I will try with shorter goal.

You see, in trading two or three weeks it is not enough to draw a conclusion that your results are a cause of what you did but in order not to wait in vain I tell you now that you will not make 10% a day.

[Derek27]

It's Boxing day, time to stop talking and make your 10% a day.

[The Silk Run]

It's a good pitch Smart Trader, but now under scrutiny from the Dragons Den

[Derek27]

...and watch your commission rates, because you'll be paying the higher-rate PC at the end of 90 days.

[Trader724]

...and watch your commission rates, because you'll be paying the higher-rate PC at the end of 90 days.

[goat68]

You mean one off or week or month or 90 days?

I think that one of the key qualities of a successful trader is to be balanced between optimism and reality, not to assume things based on what we observe in the short term, to be more realistic than everyone else, to be attentive to every detail and not leave anything to chance. I think there are many who think it's easier than it seems and there are many who think it's harder than it seems. Which side do you think you are on?

agree

There is something called AGILE METHODOLOGIES.. where SPRINT is planned. Sprint is short period of 2-3 weeks. In Sprint you try to achieve something based on your knowledge. End of Sprint you have retrospective time where u see what worked and what didnt and based on learning you move further.

People thinking is like Waterfall method where they plan something upfront and aim to get that throughout period which wont work as with time situation and progress things will change.

I have 2 weeks sprint where I see myself whether I can make 10% or not. If that work I will try with 11%. if it doesnt work then I will try with shorter goal.

An enterprise IT person if ever I saw one...?

[smarttraderr]

End of Day 1 - Report

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Starting Balance - £50
Closing Balance - £65.13
Planned Target - 10%
Actual Return - 30%

Done for the Day !

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Day1.png