Achievable Boom & Crash End Of Year Target For Newbies
Crash
Money management when trading Boom and Crash Index, is one of the key areas in Synthetic Indices Trading that beginners should watch closely.
However, factors such as selection of the right lot size is very important to professional traders.
Moreover, the smallest lot size for trading Boom and Crash Index is 0.20.
Basically, 15 points price movement of Boom and Crash Index with 0.20 lot size will give $3 profit.
The table below shows what can be achieved at the end of the year with a $100 start-up capital.
The maximum daily target amount of points is 15 points. The recommended starting lot size is 0.20 lot for $100 start-up amount.
Do you know that with consistency and discipline, the above target is achievable?
There will be losses, no doubt.
However, the trading strategy adopted should be a good one such that profits made will be far more than the losses incurred.
Furthermore, a maximum of 10% loss provision may be deducted from the year-end account balance for us to be on a realistic side.
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Of a truth, if water consistently drops every 2 secs into a 20 litre bucket, in less than a day, that very bucket will get filled up.
Picture a scenario where water droplets rhythmically descend every 2 seconds into a 20-liter bucket – a deceptively straightforward act with profound implications.
Observe the unmistakable metamorphosis as, within just one day, the formerly vacant bucket transforms into a vessel of fullness.
This analogy emphasizes the effectiveness of incremental actions, highlighting the undeniable results of consistent efforts.
Explore the transformative potential inherent in steady, measured steps, reflecting the certainty of positive outcomes through unwavering dedication.
Embrace the concept that even the most basic, routine actions possess the capability to yield substantial and meaningful results over time.
Optimize your impact through consistent and purposeful practices.
Imagine you have a $100 Boom 1000 Index trading account that you intend to trade with.
Having a daily profit target of $1 on that very account may possibly give you an extra $100 in another 100 days (including weekends).
To achieve this $100 target in 100 days, you may need some level of discipline for you not to use more than 0.20 lot size everyday.
Booking 5 points profit target every day is all you need when trading Boom and Crash Index to achieve the above $1 daily target.
On the other hand, most fresh or new traders don’t put money management into consideration when trading Boom and Crash Index.
Money management will make you double your account over a period of time, if you have the right skill and strategy that can give you within 5 to 15 profit points a day.
A maximum of 10% loss provision may be deducted from the above end of year total account balance.
(Deriv dot com is the only broker that has Volatility Index 75).
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