If the person is sure that he will win 70% of the trades, on 1:1 risk return, in this example the starting capital is 1000, and the goal is 1000000
what is the best money management to reach the goal in the shortest amount of time?
if you're looking for some formulas, you can find a lot of them in the book of Ralph Vince "Money management"
The larger the risk, the shortest amount of time. Kelly criterion - Wikipedia
The larger the risk, the more likely the risk of ruin. Use the Kelly and it's likely you will wipe the account. Could you stand a 80% draw down?
80 % of the time the market ranges , 80 % of trends become choppy ,and 80 % of trading is mindsets and psychology., iNdicators., systems , methods ARE THE LEAST IMPORTANT AND MAKE UP < 20 %.
95 % + traders lose , due to psychology , so with these odds , you only want to risk 0.2 % of your account on every trade, then martingale after a series of losses.Expect 7 to 10 trades losing in a row , in real account.The brokers give you fills on demo , but not on real.Not 2 % but 0.2 %.
In real trading , there is less than 20 % chance of making money , with just one entry.
Another money management scheme to chase down is Optimal f.
Ralph Vince had an article of the difference between Kelly Criterion and Optimal f in this journal.