Thursday, December 20, 2007

Step 19 - Forex trading continues

Currently, my forex account has a small drawdown of 3.41%. This includes both closed positions and still floating positions.

Cash reserves increased mainly due to doubling income tax. I was thinking to add more to my forex trading account, but maybe I will try to find some other investment or business opportunity. Will decide in the near future.


Assets


Cash 1,586.93
Money market fund 14,000.00
Forex trading account 9,792.40


Total assets 25,379.34




Liabilities


Credit card balance 10,172.79


Total liabilities 10,172.79




Net worth 15,206.55


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Sunday, December 9, 2007

Step 19 - Forex trading

Here is a quick update of My Doubling Adventure balance sheet...


Assets


Cash 562.39
Money market fund 14,000.00
Forex trading account 9,839.38


Total assets 24,401.77




Liabilities


Credit card balance 10,003.85


Total liabilities 10,003.85




Net worth 14,397.93


I will probably add more to my forex trading account, but not sure yet. Will decide in the next week or two.

Friday, November 30, 2007

Step 19 - Forex trading

I opened managed forex trading account and deposited 2,000 USD of My Doubling Adventure's capital. I funded it with credit card so there is liability to be recorded in the balance sheet of My Doubling Adventure. Trading already started and there is small profit (still floating). I expect this to be very exciting ride and hope it will help to increase my doubling Net Worth.

Assets


Cash 348.25
Money market fund 13,846.09
Forex trading account 10,035.37


Total assets 24,229.71




Liabilities


Credit card balance 9,924.91


Total liabilities 9,924.91




Net worth 14,304.80


In DYWTAM Project I successfully completed Step 10, and started to work on Step 11.


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Monday, November 19, 2007

Step 19 - Update

It was a while since I made an update on My Doubling Adventure's Net Worth. So here it is one quick update.

Philippine private business deal ended up with success. I got 20% interest by the end of September and decided to withdraw both my capital and profits. Got all my funds safe and secure via Western Union. In total I made 41.94% of ROI since I started to participate in this deal back in May. Not bad. But the whole deal was extremely risky, so I'm happy to have all my funds back in safe.

I didn't take part in IPO deal that I mentioned back in August. Some things happened that made this deal less attractive, so I just skip it.

After all that, I parked majority of My Doubling Adventure's funds in money market fund, waiting to find some interesting and potentially profitable venture.

Here is the current balance sheet of My Doubling Adventure Project...

Assets


Cash 20.00
Money market fund 13,820.00


Total assets 13,840.00




Liabilities


Total liabilities 0.00




Net worth 13,840.00

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Tuesday, November 13, 2007

Current Status of DYWTAMP

Long time since my last post. But I silently work on my DYWTAM Project. Completed Step 8 on October 1, and today I completed Step 9. I'm satisfied with the progress. The most important is that I didn't brake any rules. It's more fun this way. In few days it will be 3 months since I started DYWTAMP.

Here is a brief description of my progress so far....

Step 1: 0.00 kn - 0.10 kn
Started with: 0.00 kn
Found money: 0.10 kn
Math: 0.00+0.10=0.10

Step 2: 0.10 kn - 0.20 kn
Started with: 0.10 kn
Found money: 0.20 kn
Removed as surplus: 0.10 kn
Math: 0.10+0.20-0.10=0.20

Step 3: 0.20 kn - 0.40 kn
Started with: 0.20 kn
Found money: 0.30 kn
Removed as surplus: 0.10 kn
Math: 0.20+0.30-0.10=0.40

Step 4: 0.40 kn - 0.80 kn
Started with: 0.40 kn
Found money: 0.40 kn
Math: 0.40+0.40=0.80

Step 5: 0.80 kn - 1.60 kn
Started with: 0.80 kn
Redeemed found plastic bottle: 0.50 kn
Found money: 1.00 kn
Removed as surplus: 0.70 kn
Math: 0.80+0.50+1.00-0.70=1.60

Step 6: 1.60 kn - 3.20 kn
Started with: 1.60 kn
Found money: 1.70 kn
Coin trading profits: 0.05 kn
Removed as surplus: 0.15 kn
Math: 1.60+1.70+0.05-0.15=3.20

Step 7: 3.20 kn - 6.40 kn
Started with: 3.20 kn
Found money: 1.45 kn
Coin trading profits: 2.00 kn
Removed as surplus: 0.25 kn
Math: 3.20+1.45+2.00-0.25=6.40

Step 8: 6.40 kn - 12.80 kn
Started with: 6.40 kn
Found money: 0.95 kn
Coin trading profits: 2.50 kn
Donations: 3.00 kn
Removed as surplus: 0.05 kn
Math: 6.40+0.95+2.50+3.00-0.05=12.80

Step 9: 12.80 kn - 25.60 kn
Started with: 12.80 kn
Found money: 2.10 kn
Coin trading profits: 6.50 kn
Donations: 1.20 kn
Plastic bottles trading: 3.00 kn
Math: 12.80+2.10+6.50+1.20+3.00=25.60

Detailed diary of events can be found here...
DYWTAM Project


Saturday, September 15, 2007

Step 7 of DYWTAM Project Completed

DYWTAM Project has a nice progress. On September 13 I completed Step 7. It was Day 22 of DYWTAM Project, and Day 13 of Step 7. I started Step 8. Did my first coin trade with 1 kn profit.

I will soon list capital I accumulated in My Doubling Adventure. I plan to use that capital as my trading capital. Will probably try myself in forex trading. I will learn and demo for at least 3-6 months, with at least 3 months of profitable trading before I decide to go with live account. Till then I will keep learning and accumulating more trading capital from various sources.

Wednesday, September 5, 2007

DYWTAM Project

About two weeks ago I started new doubling project called DYWTAM Project. I started it because I wanted to run a real doubling project, by the rules of the Free Report How To Double Your Way to a Million. I started My Doubling Adventure with the same goal, but over the time I stopped playing by the rules. I will not do the same mistake with DYWTAM Project.

I keep a diary of events (per Rule 6) for DYWTAM Project on a separate blog ...
http://dywtamp.blogspot.com

This blog will serve more like discussion blog about my progress and my future plans (and everything else I see fit).