555,000 from 555 sheets

This is a discussion on 555,000 from 555 sheets within the Trading Journals forums, part of the Reception category; Right here's the plan. I'm gonna trade £555 up to £555,000. In 3 stages. Stage 1 will be £555 to ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Feb 19, 2014, 11:55pm   #1
Global Moderators are volunteer members with senior administrative powers to moderate all forums.
 
counter_violent's Avatar
Joined Aug 2004
555,000 from 555 sheets

Right here's the plan.

I'm gonna trade £555 up to £555,000. In 3 stages.

Stage 1 will be £555 to £5,000
Stage 2 will be £5,000 to £55,000
Stage 3 will be £55,000 to £555,000

300 trades in total or there about, in blocks of 100.
Each block will be numbered 1-100 and each number will be crossed off when a trade closes in profit.

The idea is to close out profitable trades and try to accumulate profitable trades that outrun any trades in drawdown.

Variable stakes, averaging occasionally, basically anything goes, to achieve the objective.

I may have multiple trades open, but I expect this to be capped at 3 open trades at any one time.

There may be an occasional stop out, although I figure they will be rare, but should a stop out occur, I will carry on crossing off profitable trades on the card and come back to any stop out trades at the end of each series.

At the end of each series I may need to make a trade or two, that account for adjustments. For example, if I place a limit to close and I get some + slippage, only the number I intended will be crossed off and the slippage amount will go into the + column. - numbers, for overnight financing etc, will be logged in the - column. Take one from the other and if in deficit, trade for the difference at the end of each series.

Here's my dummy run scorecard, as you can see, smaller numbers closed out first to build up some fat before progressing up the card, although if I do get a nice looking runner, I will allow it to deliver out of sequence.
Attached Thumbnails
bingo.png  
__________________
Spreading the madness across this suite of forums.

Those are my principles and if you don't like them, well..... I have others.

Kin Dissers Everywhere

Last edited by counter_violent; Feb 20, 2014 at 1:12pm.
counter_violent is offline   Reply With Quote
Thanks! The following members like this post: Forexmospherian
Old Feb 20, 2014, 12:12am   #2
Joined Oct 2013
Approx 300 trades ? - I really wish you well and look forward to how this goes

GL

Regards

F
Forexmospherian is offline   Reply With Quote
Old Feb 20, 2014, 1:00am   #3
Global Moderators are volunteer members with senior administrative powers to moderate all forums.
 
counter_violent's Avatar
Joined Aug 2004
counter_violent started this thread
Quote:
Originally Posted by Forexmospherian View Post
Approx 300 trades ? - I really wish you well and look forward to how this goes

GL

Regards

F
Ta

Forgot to mention the standard stake for each series will be £1, £10, £100.
__________________
Spreading the madness across this suite of forums.

Those are my principles and if you don't like them, well..... I have others.

Kin Dissers Everywhere
counter_violent is offline   Reply With Quote
Old Feb 20, 2014, 10:25am   #4
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
timsk's Avatar
Joined Mar 2002
Go c_v go!
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
Please note: I am part of T2W Admin' Staff - I am NOT a Moderator!
timsk is offline   Reply With Quote
Old Feb 20, 2014, 11:03am   #5
NVP
 
NVP's Avatar
Joined Jun 2004
based on what strategy ?
NVP is offline Coach/Trainer   Reply With Quote
Old Feb 20, 2014, 11:40am   #6
 
be-positive's Avatar
Joined Dec 2002
all the best counter --- hope you do not slip up on Click the image to open in full size.
be-positive is offline   Reply With Quote
Thanks! The following members like this post: counter_violent
Old Feb 20, 2014, 2:13pm   #7
Joined Dec 2013
i kin love you dude. beautiful man.
sonofcablemonster is offline Data vendor   Reply With Quote
Thanks! The following members like this post: counter_violent
Old Feb 20, 2014, 2:31pm   #8
Global Moderators are volunteer members with senior administrative powers to moderate all forums.
 
counter_violent's Avatar
Joined Aug 2004
counter_violent started this thread
Quote:
Originally Posted by NVP View Post
based on what strategy ?
A mixture of all kinds of stuff, including long/short, correlation, opposition, averaging across all classes.

The test will be dealing with the outliers.

Most of the time, the markets present no real danger and it's a pretty simple job to book wins. Lets say for arguments sake that markets, instruments, range 70% of the time. This leaves 30% of which 15% make up the outlier group. This 15% of trades will be the ones that may need work and time.

Performance will be measured by two metrics only. Booked profits (acct balance equity) v drawdown or stop out.
__________________
Spreading the madness across this suite of forums.

Those are my principles and if you don't like them, well..... I have others.

Kin Dissers Everywhere
counter_violent is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
$1 to $1,000,000,000 Tribute to S1quash Hotch Trading Journals 7 Aug 6, 2011 7:22pm
pink sheets nesquick First Steps 2 Feb 13, 2009 6:05pm
Pilots 'gripe sheets'. RichieE The Foyer 0 Jan 12, 2008 11:58pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)