In life, I am a polymath. I am quite versatile in many areas, and in general, I can achieve a goal whenever I set my mind to.

That may have sounded like a blessing, and in many cases, it has been. But there are also many situations where being a polymath have made my decision-making a lot harder. I can always do it, and i can always make it happen.

In trading, this isn’t any easier.

I realized that I am able to be profitable under swing trading and day trading. But after having experimented both trading styles and stayed profitable under both of them, I still found myself infinitely attracted to the day-trading style.

So here we are.

Risk Parameters of Trades

• Maximum 5% at risk per trade. But on average, only 1-2% is at risk per trade.
• Trade all 28 pairs.
• Using hourly charts, and using my Secretariat strategy (more on this in a different post).
• Heavy emphasis on risk and money management. I used a data-eccentric approach to find out my upper bound of profit per day before equity retracement on a daily basis, and I reflected deeply on how much is enough for a day trader each day, and I have decided to close all profitably positions whenever there has been 15% unrealized gain on my account.

In the perfect world, 15% gain would translate into a doubling effect of account every 5 trading days or so. This would also mean that with a given seed trading amount of 100, this would grow to a little over 1,000,000 in roughly about 50 trading days,

Certainly, the weekends do not count as a trading days for Forex, so in the perfect world, 50 trading days also translate to 70 calendar days.

Equally certainly is that we won’t be looking at all green days yielding 15% gains for all 50 trading days — we can most certainly expect days where losses are greater than 15%. Let’s say that the losses are at the maximum drawdown record of 50%, and we only hope that the red days are few and far between.

What this means is that, if we are being generous and simply forego the 70 calendar days restriction, we should still be able to amass a wealth of 1,000,000 in the course of a full year.

And that, my friends, is the challenge.

I am setting up the blog, as well as the trading dashboard, to show and document my progress to 1,000,000.

Why?

Because simply put, if i am able to build 1,000,000 from 100, there is nothing stopping me from iterating this process and build multiple piels of millions. In other words, if I am able to achieve this first million, by simple iteration, we can duplicate this process and build utter financial abundance.

And that, my friends, is my goal.

Let’s get started.