Hi Carly, before you start looking at the information below here are two images from my Legacy Plan regarding Stop Losses.
The Lot size calculations and % risk I can show you whenever you visit. I can also show you some charting software and strategies as well.
In the image above the trade was a Buy and a Stoploss was set.
If the price then falls, passes through the dotted line, and activates the SL the trade is automatically closed and the loss is limited to the pre-selected % risk.
That’s how you protect your account from being wiped out.
The image above is a set of figures I created to show how/why 3 traders could make the same % profit with different SL’s and a different number of pips.
If Trader 3 made 80 pips, using a 15 pip SL, it means he will make 4 x the Trader 1 profit because he’s using an SL of 60 pips-4 times the size
…now start reading mdear
THE LEGACY PLAN WAS DESIGNED SO THAT THE FOREX TRADING PROFITS PROVIDE YOUR
CRYPTO BOT TRADING CAPITAL AND THE MAIN LEGACY PLAN ACCOUNT CAPITAL
SECTION 1 – LEGACY PLAN – FOREX ACCOUNT – Start with $4000 – Example Projection using 80%/4 weeks
Each line represents 4 weeks and ALL figures shown are for example purposes only
W28 $15,000 for 3Commas auto trading bot -See Section 2
Gary, a friend of mine in South Africa opened an account for the Crypto Bot Trading on the 11th April using $10,000
A week later he added a further $5000. By the 29th June the Bots had made a profit of $6,410.54 from 6830 trades
There were NO losing trades!
You can start with less than $15,000 but you would have fewer Bots trading
Open Legacy Plan with $144,000 and add to it up to $1m PA for 5 years (see Section 3 for this)
$1m would be $144k x 7 months and the other 5 months are for personal use
This is the point where the tax planning must be considered and a plan specific to my needs would be created using one of the specialists mentioned in the introduction
THE LEGACY PLAN WAS DESIGNED SO THAT THE FOREX TRADING PROFITS PROVIDE YOUR CRYPTO BOT TRADING CAPITAL AND THE MAIN LEGACY PLAN ACCOUNT CAPITAL
THE WITHDRAWAL FIGURES FROM THE FOREX ACCOUNT TO THE MAIN LEGACY ACCOUNT ARE BASED ON A TAX STRATEGY WITH ZERO TAX PAID
THEREFORE, IF YOU CHOOSE NOT TO FOLLOW A TAX SAVING STRATEGY THERE WOULD BE LESS EACH MONTH FOR THE MAIN LEGACY ACCOUNT
When an alert is triggered by your chart settings this is NOT a signal to blindly enter a trade
You could be in a trade for 10 minutes, and your % target is reached, or you could be in a trade for much longer.
If, for any reason, you cannot trade Forex for a few days once you have the Crypto bot trading in place you should still be making a profit each day
SECTION 2 – LEGACY PLAN – CRYPTO BOT TRADING ACCOUNT – Starting with $15,000 from Forex profits
All withdrawals in the two images below are examples only and can be for personal use
Each line represents 4 weeks
SECTION 3 – LEGACY PLAN – MAIN ACCOUNT – Starting with $144,000 using 70% PA and 90%
NOTE THE DIFFERENCE OF THE Y12 VALUE IN EACH IMAGE
Each line now represents 1 year
The figures under the Withdrawal column will be for charitable use
Unlike the Forex and Crypto Bot regular monthly returns, which are day trading, the specialist’s recommendations, on the main Legacy account, will not be regular due to the strategy of longer term investing.
The return could be, for example, 18% after 3 months or 30% over 6 months and 40% for the other 6 months but 70% PA is one target, possibly 90%.
I know these figures seem huge but I’m taking the 180% average shown in the image below, reducing it by 50% and letting the effect of compounding do the rest!
If the particular specialist maintains 180% PA then 90% PA is possible and I have 3 other sources of investment knowledge to use.
Use the Legacy Plan Main Account WD’s for charity purposes – other WD’s can be for personal use
NOW YOU WILL SEE THE REASON FOR THE LOCATION TAX PLANNING
Hi mdear, and now you can see what I’ve been creating and the legacy it will create!