What would happen if you only allowed yourself 1 trade per week?
A thought experiment for you
Here’s the rules:
- You have $100k account of my money
- You can only do 1 round trip trade per week, but you don’t have to exit that week
- You don’t have to do 1 trade per week
- You can only risk 1%
- You get to keep 90% of all profits
You can only trade the following assets:
$DIA/$YM, $QQQ/$NQ, $IWM/$RTY, $GLD/$QO, $USO/$QM, $TLT/$ZB/$ZN
$BTCUSD, $EURUSD, $GBPUSD, $USDCAD, $USDCHF, $USDJPY, $AUDUSD, $NZDUSD
Every time you close the month >1 penny higher than the previous month, I will increase your account by 10%
Any month that the balance ends less than $100,000, you have to pay me the difference to bring the account back to 100k
If you lose more than 5% in one month you are on 3 month probation, no live trading and we spend time together restructuring your system
There is no limit to how much money I will give you to trade with, if you follow these rules
What would you do differently than you are doing right now?
If you don't have a strategy that you know you could do just one trade per week and make money most every months, and your max drawdown is less than 5% in any given month, then you are gambling, not trading.
In my emails, I talk a lot about building and trading systems to do just this. If you aren't signed up, what are you waiting for, it's FREE to subscribe.
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