Hi guys, I wanted to share with you a strategy that I am using currently on one of my accounts.
The goal is to make this account growing with a target goal of 1 million USD without making any withdrawal.
I would call it "The turtle millionaire strategy". Some of you probably use it or know it but some of you never imagine this possible.
YES if you are patient and disciplined you can turn 100 dollars into 1 million dollars.
How? By giving you the chance to grow your account slowly but surely.
Imagine that your daily average goal is 1% ? It is clearly something highly reasonable and possible with a $100 account because we actually use a minimum leverage of 0.01 lot which is actually 1K in reality.
An exponential strategy:
Day 1: $100.00 (1%) = $101.00
Day 2: $101.00 (1%) = $102.01
Day 3: $102.01 (1%) = $103.03
Day 4: $103.03 (1%) = $104.06
....
Day 50: $162.83 (1%) = $164.46
....
Day 100: $267.80 (1%) = $270.48
.....
Day 200: $724.36 (1%) = $731.60
.....
Day 300: $1,959.25 (1%) = $1,978.85
.....
Day 400: $5,299.42 (1%) = $5,352.41
.....
Day 500: $14,333.94 (1%) = $14,477,28
.....
Day 600: $38,770.63 (1%) = $39,158.34
.....
Day 700: $104,867.35 (1%) = $105,916.02
.....
Day 800: $283,646.65 (1%) = $286,483.11
.....
Day 926: $993,735.37 (1%) = $1,003,672.73 (MILLION DOLLAR BABY)
Being patient is the most difficult to follow this strategy and I give you below some steps to follow in order to reach that goal:
Step 1: Create a dedicated account for this strategy. It should be different from your main account. You must only use this strategy for this account.
Step 2: Deposit $100 on this account
Step 3: Your daily goal should be 1% of your growing capital. Of course you can do it using a scalping strategy but you can do it also with a few swing trades. At the end when you make your average performance it should be at least 1% daily.
Step 3 bis: Personally I use a swing strategy and identify only 2 to 3 swing opportunity per month. Those swing trades will give you high winning rates with minimum risks. For each trade I can expect hundreds of pips. Don't need to make scalping this way.
Step 4: At the end of the week or the month make a summary of your account performance including floating profit or loss.
Note: If you make withdrawals of your profit it will take more much time to reach the 1 million goal that's why I recommend to use a specific account.