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$409k Challenge Part 2 137 replies

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$409k Challenge

  • #601
  • Jun 15, 2020 4:41pm Jun 15, 2020 4:41pm
Quoting mrdfx
{quote} Ok so I wasn't done yet with gold, gold is playing nicely today so took advantage. +9% for today. {image}
Killing it. Keep it up
Do more of what works and less of what doesn't.
  • #602
  • Jun 15, 2020 5:00pm Jun 15, 2020 5:00pm
Quoting mrdfx
{quote} Ok so I wasn't done yet with gold, gold is playing nicely today so took advantage. +9% for today. {image}
You are doing really well now lets hope you cant go a bit futher now last time you got to 800 give and take.....But even faster growth now than last time right??
Insanityoing same ting over expecting different results..Einstein
  • #603
  • Edited 7:29pm Jun 15, 2020 6:46pm | Edited 7:29pm
Done for the day. Not bad. Actually hit the profit goal for the week already so I'm going to be extra selective picking my trades.

Also, getting better psychology wise taking scratch trades. Honestly, wish I would have started doing that sooner.
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Do more of what works and less of what doesn't.
  • #604
  • Jun 16, 2020 8:17am Jun 16, 2020 8:17am
Took some sells on EU and EJ to add +5.9% to the account. Done for today.
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Truth is like poetry. And most people f*cking hate poetry.
  • #605
  • Jun 16, 2020 10:05am Jun 16, 2020 10:05am
Quoting mrdfx
Took some sells on EU and EJ to add +5.9% to the account. Done for today. {image}
Don't you just hate it when your analysis was spot on and you took profit too early?

Could have easily added +20% today if I did not close so early dammit.
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Truth is like poetry. And most people f*cking hate poetry.
  • #606
  • Jun 16, 2020 12:05pm Jun 16, 2020 12:05pm
Wow, ambitious 400k target, highly possible.
Advanced Trade Execution - Ready for hire
  • #607
  • Jun 16, 2020 12:43pm Jun 16, 2020 12:43pm
2 scenarios, both very lucrative, higher the amount, more pressure :
https://compounddaily.org/calculator/
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  • #608
  • Jun 16, 2020 4:48pm Jun 16, 2020 4:48pm
Quoting fxskipper
2 scenarios, both very lucrative, higher the amount, more pressure : https://compounddaily.org/calculator/ {image} {image}
This isn't entirely accurate as a person does not trade 365 days a year although the idea behind it is the same. The idea is to dbl the account every month for a year.

Below is what I'm aiming at more or less.
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Truth is like poetry. And most people f*cking hate poetry.
  • #609
  • Jun 16, 2020 7:13pm Jun 16, 2020 7:13pm
Quoting mrdfx
{quote} This isn't entirely accurate as a person does not trade 365 days a year although the idea behind it is the same. The idea is to dbl the account every month for a year. Below is what I'm aiming at more or less. {image}
Really hope you get there mate. I'm rooting for you. Would you be splitting your account into sub accounts once the capital reaches a certain threshold? To cap the max of each lot size that is entered.
  • #610
  • Jun 17, 2020 6:16am Jun 17, 2020 6:16am
Unless I get a trade signal I'll be sitting out the rest of the day.

I've reached my profit target for the week based on the plan and I'm already at the profit target for the month.

Keeping in mind it's a marathon
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Do more of what works and less of what doesn't.
  • #611
  • Jun 17, 2020 7:29am Jun 17, 2020 7:29am
Quoting carddard
{quote} Really hope you get there mate. I'm rooting for you. Would you be splitting your account into sub accounts once the capital reaches a certain threshold? To cap the max of each lot size that is entered.
Thanks carddard. I've never really thought about that, it could be a good idea when the account reaches month 8-9, but for now my focus is to take each day as it comes.
Truth is like poetry. And most people f*cking hate poetry.
  • #612
  • Jun 17, 2020 7:29am Jun 17, 2020 7:29am
Quoting ahollis
Unless I get a trade signal I'll be sitting out the rest of the day. I've reached my profit target for the week based on the plan and I'm already at the profit target for the month. Keeping in mind it's a marathon {image}
Nicely done ahollis, keep doing what you doing.
Truth is like poetry. And most people f*cking hate poetry.
  • #613
  • Jun 17, 2020 8:38am Jun 17, 2020 8:38am
Its been a pretty flat day with not much happening in the market so finding good trading opportunities was hard, but I did get a small sell on GY to add +2.8% to the account. Every little bit helps.
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Truth is like poetry. And most people f*cking hate poetry.
  • #614
  • Jun 17, 2020 12:06pm Jun 17, 2020 12:06pm
Quoting mrdfx
Its been a pretty flat day with not much happening in the market so finding good trading opportunities was hard, but I did get a small sell on GY to add +2.8% to the account. Every little bit helps. {image}
Again I took profit too early. I should have trusted my analysis and let it run longer, could have added over 10% easy. A rookie mistake I still need to work on and will.
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Truth is like poetry. And most people f*cking hate poetry.
  • #615
  • Jun 17, 2020 8:21pm Jun 17, 2020 8:21pm
Quoting mrdfx
Its been a pretty flat day with not much happening in the market so finding good trading opportunities was hard, but I did get a small sell on GY to add +2.8% to the account. Every little bit helps. {image}
mrdfx - To achieve this kind of consistency, what is your win rate at the moment?
  • #616
  • Jun 18, 2020 7:52am Jun 18, 2020 7:52am
March 2.0 completed!

Reducing the pressure and stress on my trading it has definitely helped me positively and I was able to complete month 3 in just 14 days with minimal stress and pressure to perform.

I have now reached the point where I was the first time I failed back in March, and hopefully with the changes I've made to my trading style I should easily surpass it.

On to month 4 here we go!
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Truth is like poetry. And most people f*cking hate poetry.
  • #617
  • Jun 18, 2020 7:57am Jun 18, 2020 7:57am
Quoting carddard
{quote} mrdfx - To achieve this kind of consistency, what is your win rate at the moment?
carddard, here are the stats so far for you to analyze.
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Truth is like poetry. And most people f*cking hate poetry.
  • #618
  • Jun 18, 2020 11:49am Jun 18, 2020 11:49am
Not a bad week overall. Markets went kinda funny style during the middle of the week. Gave back some but it's all good.
I'm most likely done for the week unless I get a trade signal that won't result into a carry trade over the weekend.

Good luck to everyone else in the challenge closing out the week.

Stay Green by any means necessary
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Do more of what works and less of what doesn't.
  • #619
  • Jun 18, 2020 1:13pm Jun 18, 2020 1:13pm
Quoting mrdfx
{quote} carddard, here are the stats so far for you to analyze. {image}
Nice, solids stats dude,! Keep it going... You're going great

Cheers
  • #620
  • Jun 19, 2020 5:16am Jun 19, 2020 5:16am
I'm done for the week. Decent return percentage, 15.6% and profit considering I'm sticking to the plan and lot size.

Getting a lot better at cutting my losers quickly and or scratching as I try to manage my draw downs.

Anyway, ahead of schedule so far and that's how I like it.

Good luck to everyone today ending the week. Stay Green.
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Do more of what works and less of what doesn't.
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