$1K to $450K Risk 20% with 3-1 Reward/Risk Ratio Trade #3 AUDCAD
Hello TradingViewers,
This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting
a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry
with position size, entry, target and stop. Needless to say, each subsequent trade will be tougher to take as the capital at risk grows exponentially (hopefully!). I don't
know how this journey will play out but it will be interesting. Follow me to see for yourself.
Trade Risk Profit Balance (starting balance $1000; risk 20%; 3:1 reward/risk)
1 $200 $600 $1,600
2 $320 $960 $2,560
3 $512 $1536 $4,096
4 $819 $2,457 $6,553
5 $1,310 $3,930 $10,483
6 $2,096 $6,288 $16,771
7 $3,354 $10,062 $26,833
8 $5,366 $16,098 $42,931
9 $8,586 $25,758 $68,689
10 $13,737 $41,211 $109,900
11 $21,980 $65,940 $175,840
12 $35,168 $105,504 $281,344
13 $56,268 $168,806 $450,150
Trade 3: Long AUDCAD
Position Size: 0.25 Lot
Entry: 95.52
Target: Open
Stop: 94.90 (or daily close below 0.9549)
Reward/Risk: minimum 3:1
**NOTE: As Trade 2 (USDJPY short) is still open, I'm being more conservative with this position and will close on a daily close below 0.9549 which is the 233 EMA and has acted as support several times.
This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting
a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry
with position size, entry, target and stop. Needless to say, each subsequent trade will be tougher to take as the capital at risk grows exponentially (hopefully!). I don't
know how this journey will play out but it will be interesting. Follow me to see for yourself.
Trade Risk Profit Balance (starting balance $1000; risk 20%; 3:1 reward/risk)
1 $200 $600 $1,600
2 $320 $960 $2,560
3 $512 $1536 $4,096
4 $819 $2,457 $6,553
5 $1,310 $3,930 $10,483
6 $2,096 $6,288 $16,771
7 $3,354 $10,062 $26,833
8 $5,366 $16,098 $42,931
9 $8,586 $25,758 $68,689
10 $13,737 $41,211 $109,900
11 $21,980 $65,940 $175,840
12 $35,168 $105,504 $281,344
13 $56,268 $168,806 $450,150
Trade 3: Long AUDCAD
Position Size: 0.25 Lot
Entry: 95.52
Target: Open
Stop: 94.90 (or daily close below 0.9549)
Reward/Risk: minimum 3:1
**NOTE: As Trade 2 (USDJPY short) is still open, I'm being more conservative with this position and will close on a daily close below 0.9549 which is the 233 EMA and has acted as support several times.
Nota
*TypoEntry: 0.9552
Stop: 0.9490
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.