Hi Frenz,
I have been thinking of a concept recent times.
We have heard about SIPs. Y not SEPs (Systematic Earning Plan)?
We all know the power of doubling. Why not to use it in our trading life?
My plan is simple & it is for people who don't want to risk high amount in trading and lose it eventually .. (well .. more than 90% lose that capital in very short time)
I personally don't want to risk high capital but at the same time want to reach a very high tgt .. may be at this stage i'll peg it at 10L for an investment of less than 10K !!!!!
here the DOUBLING comes into play ..
I'll set a very easy tgt of 10% returns on my capital every single trading day.
10% is easily achievable in day trading, and as the tgt for the day is low, i won't take big risks.
So, I double my capital in 10 trading days & give a buffer of 5 trading days (in-case of some losing days). so 10+5=15 trading days which i'll call as a cycle.
Now i just need less than 4 cycles (60 trading days) to achieve 1.5L + .. and just 10 cycles to take me to heights!!!! :rofl:
If anything & everything is possible under the sun, .. then this also is possible .. :!
cheers
jack
I have been thinking of a concept recent times.
We have heard about SIPs. Y not SEPs (Systematic Earning Plan)?
We all know the power of doubling. Why not to use it in our trading life?
My plan is simple & it is for people who don't want to risk high amount in trading and lose it eventually .. (well .. more than 90% lose that capital in very short time)
I personally don't want to risk high capital but at the same time want to reach a very high tgt .. may be at this stage i'll peg it at 10L for an investment of less than 10K !!!!!
here the DOUBLING comes into play ..
I'll set a very easy tgt of 10% returns on my capital every single trading day.
10% is easily achievable in day trading, and as the tgt for the day is low, i won't take big risks.
So, I double my capital in 10 trading days & give a buffer of 5 trading days (in-case of some losing days). so 10+5=15 trading days which i'll call as a cycle.
Now i just need less than 4 cycles (60 trading days) to achieve 1.5L + .. and just 10 cycles to take me to heights!!!! :rofl:
If anything & everything is possible under the sun, .. then this also is possible .. :!
cheers
jack