Hello everyone, I am currently taking on an ambitious challenge: turning my capital from $7,000 to $1 million in less than a year. This challenge is bold, and at first glance, it may seem impossible or unattainable. However, after 6 years of futures trading and 1 year of intense day-and-night work on this strategy, I am convinced that with discipline and perseverance, even the highest goals can be achieved. Today, I’m happy to share that my capital has reached $20,000 in just over one month, which is a solid progress in this challenge. However, it’s important to note that I’ve had only one trade opportunity this month, which shows that my strategy is selective and requires patience and discipline. My approach is based on simple but powerful principles: Follow the trend : The trend is my friend. It is the only thing I trust. No complex indicators; I focus only on the general market direction. High-risk strategy: I take 50% risk per trade, with a reward-to-risk ratio of 2:1 and a 65-70% success rate. VWAP : The only indicator I use is the VWAP (Volume Weighted Average Price), which helps me understand market sentiment and determine entry and exit points. The idea of turning $7,000 into $1 million in less than a year may seem unrealistic to many, but this challenge is possible thanks to a high-risk strategy combined with unwavering discipline. The key lies in staying focused, avoiding distractions, and managing losses when things go wrong. 6 years of active futures trading have taught me how to navigate volatility and understand market nuances. 1 year of work on this specific strategy has allowed me to perfect every detail and have a robust approach to managing risks. I make between 4 and 6 trades per month, focusing solely on the ES and NQ, where the moves are large enough to yield significant profits. Strict stop-losses: Risk management is crucial. I set a stop-loss for each position and stick to it no matter what. My entry points are not predetermined, and my positions are often closed before the market closes or at a strategic level. Never overnight. Everything must be closed before the market closes. I will be sharing my account's progress each week to show how this strategy works in practice. The goal is to prove that what may seem impossible is achievable when the right approach is adopted and hard work is put into mastering the tools. Once I reach the $500k threshold, my risk will be limited to $250k, which will correspond to an average of between 300 and 500 contracts on the ES This challenge will prove that with discipline, strategy, and perseverance, the impossible can become achievable. Follow me on this journey and let’s see together how far discipline can take us.
If you can really do 2:1 and 65% in the ES with 5 trades per month, with a strategy that scales to 500 contracts, you are one of the best traders in the world. If you maintain that R:R and win rate and do it with full Kelly bet sizing (which for those stats is around your chosen 50% risk level), you should have no problem turning 7K into 1M in less than a year. I have my doubts that anyone can maintain that 2:1 and 65% win rate trading the ES, but you can prove me wrong. Good luck!
It’s not impossible, you can have luck on your side. I have done 7 to 300 in 4months. You just need to know when to pull the plug (I didnt know so 300 went to 7 again)
it is possible with es, 400 day trade margin, start with 15 contracts, long only, 10 points without drawdown you double your money. then you do the second trade with 30 contracts, etc.
If you plough back 100% of profits instead of 50%, you can reach the initial $500K threshold very quickly, assuming you can indeed hit 2:1 on each trade. You just need 4 winners in a row, which should be easy because it happens so often with a 65-70% win rate: $7K->$21K->$63K->$189K->$567K Easy!
No offense, but 50% risk per trade is by far too much. You will get probably over 90% drawdown. You can loose easily all. You should take 5% risk per trade and give you 2 years time. Check yourself on the equity curve simulator, given your parameters and you will understand what the Monte Carlo Simulation will tell you about your chances of success: https://www.ayondo.com/en/tools/equ...=2&startEq=7000&risk=5&riskType=0&scaleType=1
Why? This is 50x-100x the risk level most successful traders use (1% - 0.5% per trade). Sure there's alot of new traders and short term traders that didn't stick around that traded with 5% risk, or even more. Some of them even made money for a while. But the traders that are still here after 10+ years are using less than that. If you want to go for a lofty goal, that is hard, but achievable - do some research on the US Investing Championships and other similar trading competitions. All of these successful winners took extra risk and had some chance of blowing up, but they pushed it near the edge where they still had a chance to come out the other side. A lot can be learned by studying the success of others. A lot of time can be saved (and money).
For his trading stats 50% risk per trade is around full Kelly. However if his stats are wrong he will be in trouble pretty quickly. To be safe he should probably bet 25% (half Kelly). Betting half Kelly (25%) he should still be easily able to turn 7K into 1M based on his amazing trading stats (2:1 65% 5 trades per month). Actually he should be able to reach his target while using even a quarter Kelly (12.5% risk per trade). But fully Kelly is normally still ok if you start with 7K. That's your initial investment and its small enough you can lose it all without crying. However unless the OP has a liquid net worth >$1M outside his trading account, taking a 90% drawdown if he reaches say $250K (or even $100K) is going to be really hard. At some point it will no longer remain a game with the goal to reach a score of 1M, at some point the account equity will be seen as 'real money' instead of just points in a game.