Firstly this is not my Idea, someone else on this forum introduced me to it a while ago.
I brought it up and we had a recent discussion on another thread and I thought that maybe a thread of its own was in order.
It’s a great challenge in a number of ways, it inspires discipline, trade planning as well as goal setting, yet all of the usual % account balance risk arguments are irrelevant.
So here goes
The challenge is to turn £10 into £10,000 in 9 net winning trades
9 NWT examples
9 wins 0 losses
18 wins and 9 losses
30 wins and 21 losses
50 wins and 41 losses
150 wins and 141 losses
lets face it, if you aren't making 9 net winning trades then you are most probably losing anyway!
Trades are taken on a 2:1 Risk reward basis and 50% of the net winnings are risked on each trade
Each trade takes you one step forwards or backwards on the P&L Ladder, losing on the first trade means its game over and you are down £10
You can start with £50 & target 50K if you wish
Anyway I thought I would give it a go in 2017,
anyone else care to join me
I wont be posting entries, i'm not into trade calling, but will post results, and reasons for the trade when i can I suggest anyone else wanting to do it do the same.
We will just have to trust each other there's nothing to be gained by making up phony results
Chalky
I brought it up and we had a recent discussion on another thread and I thought that maybe a thread of its own was in order.
It’s a great challenge in a number of ways, it inspires discipline, trade planning as well as goal setting, yet all of the usual % account balance risk arguments are irrelevant.
So here goes
The challenge is to turn £10 into £10,000 in 9 net winning trades
9 NWT examples
9 wins 0 losses
18 wins and 9 losses
30 wins and 21 losses
50 wins and 41 losses
150 wins and 141 losses
lets face it, if you aren't making 9 net winning trades then you are most probably losing anyway!
Trades are taken on a 2:1 Risk reward basis and 50% of the net winnings are risked on each trade
Each trade takes you one step forwards or backwards on the P&L Ladder, losing on the first trade means its game over and you are down £10
You can start with £50 & target 50K if you wish
Anyway I thought I would give it a go in 2017,
anyone else care to join me
I wont be posting entries, i'm not into trade calling, but will post results, and reasons for the trade when i can I suggest anyone else wanting to do it do the same.
We will just have to trust each other there's nothing to be gained by making up phony results
Chalky
9 Net winning trades, the road to being a Pro Trader?
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