The Challenge Of £100 To £5,000

Why Am I Trading This Challenge

 

 This challenge is was created and taken to attempt to prove 3 points

•  You don't need to start with or have huge sums of money to trade the markets successfully or profitably
•  The power of compounding
• Consistency exists in the financial markets

Why Start With £100

 

I want to prove that anyone can start with small sums of money and turn it into solid gains through the use of technical analysis  and account compounding. I don't see why one should risk large sums when compounding a small starting capital is equally as powerful.

What Instruments Will I be Trading

 

I will be trading DAX, FTSE, DJIA, BUND, GOLD, Brent & Crude Oil. The aim to to attempt to place 1 or 2 high probability technical trades on any of these 7 instruments each day, though that is not a fixed rule.

What Are The Rules Of The Challenge

 

Start with £100 with a reserve of £300 (£400 total)

1. I will risk 35% per trade until the account reaches £1,000+
2. I will risk 20% per trade until account reaches £2,000+
3. I will risk 10% per trade until account reaches £5,000+
4. I will then select a NEW challenged based on 5% risk per trade should I achieve the £5k target!

• Should I take a losing trade that takes me below £100, I will use the reserve fund (£300) to top-up back to £100. I will do this if needed until the reserve fund is used up, once OR if the reserve fund is used up, at that point I will accept defeat of the challenge.
   
• If I take 2 losing trades in a row but still have more than my starting £100 capital, I withdraw the balance/profit into my reserve fund and re-start the challenge with the original £100.

Place no more than 2 trades per day OR no more than 10 trades per week

Trade only DAX, FTSE, DJIA, BUND, GOLD, BRENT & CRUDE OIL.

All trades based purely on technical analysis and support/resistance from a third party which will be made public soon, my entry into trades will be confirmed using my self created/developed System X trading strategy.

How Will The Challenge Be Proven And Documented

 

I will video record my PC screen in real-time with audio on each trade that is taken, you will see the account balance and trades being placed and closed on screen. These videos will be posted on the home/blog section of this website each day.

What Is My Aim

 

My aim to attempt to prove that spread betting is not rigged, and/or that you need huge sums of money to make money, and/or that constancy  can't be achieved in financial market trading. I also want to try and prove that with small starting sums of capital you can make good money with compounding and trade management.