Okay I know you can't go more than a 100% but I needed a different title, and 94% doesn't sound as good. But it is Friday, and there needs to be another trading account update. This week was pretty good, and If the market opens I might have a shot at the 100% mark.
I will explain, on my 5000 dollar account, I am up $4903 almost a 100% gain in 8 weeks. This is not just from 1 trade as I have had that happened before, this if from about 50 trades over a period of 8 weeks. As I am trying to develop the skill of generating consistent profit anytime. I am not playing just for a home run, not saying I would not take a home run, some of my trades I have literally made 20 dollars on a option, and that is okay.
It is 2-5% I target and will definitely take more, but am happy to get a return every week. So IF the market stays down, and lets say in theory I get to the 100% return for 8 weeks. That would be amazing, and lets take the rule of 72 divide by 8 weeks and bam 9%. That would mean I was able to get a Compounding 9% for 8 weeks, and if I was able to keep it going for a year it would be 6 doubles and would end up with 320,000. That is crazy and probably not realistic, and would be so draining mentally.