MY MONEY MANAGEMENT STRATEGY
I Began with Grade 1 - $1000
after $125 in gains by risking $25 per Transaction....
Grade 2 - I add $750 to make my accounts balance $2000
after $250 in profits by exceeding $50 per trade
Grade 3 - I add $1750 to make account balance $4000
after $500 in profits by exceeding $100 per trade
Grade 4 - I add $3500 to make account balance $8000
after $1000 in profits by exceeding $200 per trade
Grade 5 - I add $7000 to make account balance $16000
after $2000 in profits by exceeding $400 per trade
Grade 6 - I add $2000 to make account balance $20000
after this point, I won't add any more of my own money to my account. If account balance falls below $ 10000, I will give this up egy. So 50 percent drawdown. Level 7 level 8 and so on would be essentially I will hazard 20% greater If I have 20 percent in profits. And keep increasing that way. I invest it and will take out 40 percent of my profits of the month every month. Additional 60% will be reinvested....of that 20 percent is counting towards tax payments in the end of the year.
If at any level, I have 10% approximately drawdown, I will go back a level. That way my position decreases on a drawdown to protect my funds.
My goal is to move up one or two levels a month.
Lets see if I can reach a million bucks!!!!! You'll Be the first to know