From $300 to $1 million in maximum 1 year using financial markets
October 18, 2024Less than 1 minute
From $300 to $1 million in maximum 1 year using financial markets
To make such a huge increase we need to multiply those $300 fast.
We assume 4 trades per month on average for 12 months.
We can use a Monte Carlo simulator to have an idea what our strategy should be. Here are the results:
- max risk per trade 20%, above the risk of consecutive losses will kill us
- "R" (risk/reward ratio) of 3 minimum, otherwise too slow
- 80% winning rate minimum, otherwise too slow
With these conditions we should reach the $1MUSD in ~9 months.
To summarize we need a technique with :
- High risk
- High reward
- High probability of success
Let's give the strategy a name
High Risk, High Reward, High Probability -> HR,HR,HP -> H3R2P -> H3RP -> HERP -> herp. We'll call it the herp strategy.
How to implement the herp strategy?
Due to the need of high win rate, use it only when all our indicators go in the same direction: a clear trend or a clear range.
_TODO: Playbook tactic to implement herp
Easier path
If we agreed to wait for 2 years we could make our Monte Carlo requirements less difficult.