$1K to $450K Risk 20% with 3-1 Reward/Risk Ratio Trade #4 NZDCHF
Hello TradingViewers,
This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting
a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry
with position size, entry, target and stop. Needless to say, each subsequent trade will be tougher to take as the capital at risk grows exponentially (hopefully!). I don't
know how this journey will play out but it will be interesting. Follow me to see for yourself.
Trade Risk Profit Balance (starting balance $1000; risk 20%; 3:1 reward/risk)
1 $200 $600 $1,600
2 $320 $960 $2,560
3 $512 $1536 $4,096
4 $819 $2,457 $6,553
5 $1,310 $3,930 $10,483
6 $2,096 $6,288 $16,771
7 $3,354 $10,062 $26,833
8 $5,366 $16,098 $42,931
9 $8,586 $25,758 $68,689
10 $13,737 $41,211 $109,900
11 $21,980 $65,940 $175,840
12 $35,168 $105,504 $281,344
13 $56,268 $168,806 $450,150
Trade 4: Short NZDCHF
Position Size: 0.30 Lot
Entry: will initiate trade on May 9 when markets open in North America barring a large price gap
Target: around 0.6400
Stop: 0.6627
Reward/Risk: will depend on entry, but at least 2:1
This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting
a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry
with position size, entry, target and stop. Needless to say, each subsequent trade will be tougher to take as the capital at risk grows exponentially (hopefully!). I don't
know how this journey will play out but it will be interesting. Follow me to see for yourself.
Trade Risk Profit Balance (starting balance $1000; risk 20%; 3:1 reward/risk)
1 $200 $600 $1,600
2 $320 $960 $2,560
3 $512 $1536 $4,096
4 $819 $2,457 $6,553
5 $1,310 $3,930 $10,483
6 $2,096 $6,288 $16,771
7 $3,354 $10,062 $26,833
8 $5,366 $16,098 $42,931
9 $8,586 $25,758 $68,689
10 $13,737 $41,211 $109,900
11 $21,980 $65,940 $175,840
12 $35,168 $105,504 $281,344
13 $56,268 $168,806 $450,150
Trade 4: Short NZDCHF
Position Size: 0.30 Lot
Entry: will initiate trade on May 9 when markets open in North America barring a large price gap
Target: around 0.6400
Stop: 0.6627
Reward/Risk: will depend on entry, but at least 2:1
Trade active:
Sold 0.3 NZDCHF at 0.6564
Trade closed manually:
Closed trade today at 0.65126 for a profit of $169. While I'm still bearish, my initial price target could take a few weeks to achieve so I've decided to take profits.
Capital is now $1066. Trade #2 (USDJPY Short is still open).
Capital is now $1066. Trade #2 (USDJPY Short is still open).