I calculate the position size based on the stop loss level. Now my risk is to lose 2.7% of my capital.
Sounds good. 100% per month is an average of 2.3% per day ( 2^(1/(365/12)) ) If you take 2.7% Risk per trade with an adequate Win Rate + Reward to Risk Then you might be able to compound your money up to 10K within a few months.
But what took you so long to post your trade? It took nearly an hour. Unless your trades are shown in REAL TIME, what's the point? Also if you want credibility, consider posting your stop loss and, possibly, price target along with your entry.
Because I have recently registered. The post was moderated before its public publication. I will publish the following inputs immediately. It will help me in learning english
My first thought was that you will go bankrupt, and “blow out” your account. You will have to take on an enormous amount of risk: one bad move against you, and you’re busted. 100% per month? Annualized (12 months), simply doubling every month(m) with reinvestment, that’s a factor of 2^m, 409,600%, or $6,799,360 in a year from $1660. I’ll take my existentially risk-free 5.2% with compound interest on a short-term US T-bond, tyvm. I’d say learn how to trade properly before you go for these crazy goals. Pick a market and get good at it; whether it be crypto, derivatives, stocks or bonds. Learn to hedge, the dangers of margin and shorting. See if you can beat the S&P500 for the year. On second thought, maybe I shouldn’t rain on your parade. I’ve been burned so many times that I’ve become quite risk averse… but maybe you’re on to something. Go for it!