How to earn the first 100,000.$ from trading?
When I entered the market, my only goal was not to become a millionaire immediately, but to earn the first 100,000.$ . This number is large enough to prove that my trading system is effective, but also realistic enough for me to achieve if I am persistent and disciplined.
Here are the steps I applied to make the goal of 100,000.$ a reality:
1. Keep the chart simple
I only use candlestick charts and observe the last 7 days.
• Enough data to see the trend.
• Not too much to be noisy.
2. Always follow the trend
My immutable rule: never go against the trend.
• Uptrend → look for buying points.
• Downtrend → look for selling points.
3. Clear entry and exit rules
• Entry: When the price breaks the 11-day high (buy) or breaks the 11-day low (sell).
• Exit: Set a trailing stop or exit when the price reverses.
4. Risk management to survive
To aim for 100,000$, you must first protect your capital to survive.
• I risk a maximum of 2% of the account for each trade.
• If I lose 3 consecutive trades, I stop to evaluate.
5. Discipline – The determining factor. Earning 100,000.$ is not due to one big trade, but through hundreds of small trades executed consistently.
6. The path to 100,000$
• Follow the system every day
• Let winning trades run far
• Cut losses quickly.
• Be patient in accumulating each small profit.
If you want to earn 100,000.$ from trading, remember:
1. Keep the system simple.
2. Protect capital through risk management.
3. Adhere to discipline, do not trade based on emotions.