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$409k Challenge

  • #781
  • Jul 24, 2020 12:03pm Jul 24, 2020 12:03pm
Hi There,

I share my calculation with you,

if you want to go 100 to 409k in one year (260 trading days) you have to win %3.25 every day. here it is. as mrdfx said calculation can bring us stress. but worst plan is better then lack of planning. have a good weekend.

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  • #782
  • Jul 25, 2020 12:28am Jul 25, 2020 12:28am
Quoting mrdfx
{quote} 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. {image} {image} {image}
I'm also silently on the challenge. As you mentioned here Im also too early sometimes. When I analyze the trade history I felt so... F*ed.
Staying on safe side with a small pip count is far better than DD. I made my mind like that
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"Don't Predict, Do react"
  • #783
  • Jul 25, 2020 4:59am Jul 25, 2020 4:59am
Quoting P.Action
Hi There, I share my calculation with you, if you want to go 100 to 409k in one year (260 trading days) you have to win %3.25 every day. here it is. as mrdfx said calculation can bring us stress. but worst plan is better then lack of planning. have a good weekend. {image}
some development for my calculation.

left side is planning, right side is reality calculation. these calculation is just for knowledge where you are, what did you do, if you do same things what will you do.

in short, it calculates your own trend like any currency pair

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  • #784
  • Jul 26, 2020 8:30am Jul 26, 2020 8:30am
Quoting P.Action
but worst plan is better then lack of planning

I do not know P.A. ...
would say worst plan is leading to failure, no chance to succeed, while lack of the plan gives you a shadow of chance. Just meter of luck.
Plan this, plan that ... what you really need is SKILL...
  • #785
  • Jul 26, 2020 2:45pm Jul 26, 2020 2:45pm
Quoting BlackNapkins
{quote} I do not know P.A. ... would say worst plan is leading to failure, no chance to succeed, while lack of the plan gives you a shadow of chance. Just meter of luck. Plan this, plan that ... what you really need is SKILL...
This is Piece of that skill. all puzzle pieces must combine correctly. You cannot do this at the same time. Every Piece has different problem. We discuss one piece in this thread.

You couldnt imagine how many Excel sheets i have for trading
  • #786
  • Jul 26, 2020 9:01pm Jul 26, 2020 9:01pm
the 409K challenge looks interesting...I hope you all make it
  • #787
  • Jul 27, 2020 6:18am Jul 27, 2020 6:18am
Quoting P.Action
{quote} some development for my calculation. left side is planning, right side is reality calculation. these calculation is just for knowledge where you are, what did you do, if you do same things what will you do. in short, it calculates your own trend like any currency pair {image}
Today i hit the market. +%50 my daily avarage gain is %19.87

All calculation was revised. i have free 26 days for now. i dont know maybe i trade again today.

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  • #788
  • Jul 27, 2020 9:36am Jul 27, 2020 9:36am
Quoting P.Action
{quote} Today i hit the market. +%50 my daily avarage gain is %19.87 All calculation was revised. i have free 26 days for now. i dont know maybe i trade again today. {image}
i added +%17 too

i close early cadjpy sell and eurnzd buy trade but anyway it is still good table for me.

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  • #789
  • Jul 27, 2020 11:40am Jul 27, 2020 11:40am
Happy Monday guys.

Managed to add +4.1% to the account.

You may have noticed that its not 5% which is the daily target, but the thing is as the account grows, the set amount of $160 per day for month 6 does not add up to 5% anymore. None the less that is the daily monetary target I still try to aim for.
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Truth is like poetry. And most people f*cking hate poetry.
  • #790
  • Jul 27, 2020 5:34pm Jul 27, 2020 5:34pm
mrdfx, I am no expert, but you seem to be a competent trader. That said, I wish to ask, does lady luck also need to be on your side to reach your 409k target? Sometimes the market gives a string of loses, no matter the skill level of the trader.

So if trading your 100lots, combined with 3 x 25% losses such as EURCAD in May….!

I guess I am saying that if you reach your 409 target, then it was because of your trading skill, but it is also because of good luck, as you didn’t run into a succession of losses. Would you agree luck plays a part?

Please don’t take offence. It’s a genuine question.
  • #791
  • Jul 28, 2020 6:46am Jul 28, 2020 6:46am
Quoting P.Action
{quote} i added +%17 too i close early cadjpy sell and eurnzd buy trade but anyway it is still good table for me. {image}
Hi All,

Today i kill the market. +%323 and 1.310$ profit. i closed all my positions may last closed position maybe give me more profit but anyway sometimes we should say "enough"
i turn 200$ to 1.715$ in six trading days.
Here is table.

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  • #792
  • Jul 28, 2020 7:24am Jul 28, 2020 7:24am
Quoting P.Action
{quote} Hi All, Today i kill the market. +%323 and 1.310$ profit.
WOW! well done
  • #793
  • Jul 28, 2020 10:01am Jul 28, 2020 10:01am
Quoting Le.Metier
mrdfx, I am no expert, but you seem to be a competent trader. That said, I wish to ask, does lady luck also need to be on your side to reach your 409k target? Sometimes the market gives a string of loses, no matter the skill level of the trader. So if trading your 100lots, combined with 3 x 25% losses such as EURCAD in May….! I guess I am saying that if you reach your 409 target, then it was because of your trading skill, but it is also because of good luck, as you didn’t run into a succession of losses. Would you agree luck plays a part? Please...
Le.Metier, when you refer to luck then you are referring to gambling, and when it comes to trading if you don't know what you doing then you are essentially gambling in the markets.

Every trade opened is 50/50 at the start, but by doing a proper analysis and having a solid strategy and trade plan in place you can increase the probability of success to maybe 70, 80 or even 90%.

I like to think that I have a solid strategy and trade plan in place, sure I'm not right all the time, that's impossible, but overall I have my little edge that keeps me ahead of the game. The challenge is high risk and sometimes my trades or MM won't make sense and in light of whats considered normal trading it won't cos its not normal, making $409k form $100 is not normal so its needs a different approach and strategy.

Some might say its luck, and they can think whatever they want, I'll just keep doing what I'm doing and accomplish the challenge.
Truth is like poetry. And most people f*cking hate poetry.
  • #794
  • Jul 28, 2020 10:05am Jul 28, 2020 10:05am
Today was a good day adding +10.5% to the account.

I took a buy scalp on Gold which went nicely according to my analysis, and looking at Gold now it looks like I took profit too early and could have secured a much larger profit. Oh well there will always be what ifs, but I achieved the daily target so I'm happy.
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Truth is like poetry. And most people f*cking hate poetry.
  • #795
  • Jul 28, 2020 11:05am Jul 28, 2020 11:05am
You guys are blowing me away!


Well done all!!
  • #796
  • Jul 28, 2020 5:10pm Jul 28, 2020 5:10pm
Quoting mrdfx
{quote} Le.Metier, when you refer to luck then you are referring to gambling, and when it comes to trading if you don't know what you doing then you are essentially gambling in the markets. Every trade opened is 50/50 at the start, but by doing a proper analysis and having a solid strategy and trade plan in place you can increase the probability of success to maybe 70, 80 or even 90%. I like to think that I have a solid strategy and trade plan in place, sure I'm not right all the time, that's impossible, but overall I have my little edge that keeps...
I agree skilled trading is not luck, it hinges upon probabilities. As for “luck” it is a loaded word, and perhaps not a good choice.

Assuming the trader is “skilled”, a run of unscheduled and significant news events is the primary obstacle to the 409 challenge. The past 12 months has been filled with them, Trump, Brexit, viruses etc.

If that were to happen at the last legs, it would be unlucky…unfortunate.
  • #797
  • Jul 29, 2020 4:35am Jul 29, 2020 4:35am
Quoting P.Action
{quote} Hi All, Today i kill the market. +%323 and 1.310$ profit. i closed all my positions may last closed position maybe give me more profit but anyway sometimes we should say "enough" i turn 200$ to 1.715$ in six trading days. Here is table. {image}
Hi all,
today +%41.5 with 721$ profit.
7 trading days 200$ turn into 2.460$
I exceeded %1.000 dam

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  • #798
  • Jul 29, 2020 5:12am Jul 29, 2020 5:12am
Quoting P.Action
{quote} Hi all, today +%41.5 with 721$ profit. 7 trading days 200$ turn into 2.460$ I exceeded %1.000 dam {image}
damn man, crazy profit! What is your strategy?
  • #799
  • Jul 29, 2020 5:45am Jul 29, 2020 5:45am
Quoting edybede
{quote} damn man, crazy profit! What is your strategy?
PA dude,

what do you see in at this pic.

edit: i closed gu trades 15$ profit. because gn is better tha gu. now i wait to break last high. after that it will be fast i think.

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  • #800
  • Jul 29, 2020 5:57am Jul 29, 2020 5:57am
now i wish to go very fast.

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