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- omkarswarupa replied Apr 4, 2022
I usually do, you know! Just didn't this time, don't know why
Prop Firm HubThanks by the way, I was kind of desperately looking for this thread.
- omkarswarupa replied Apr 4, 2022
Are there any challenges or tests etc through which i can get funded? I know FTMO, but anything else like that?
Prop Firm Hub
- omkarswarupa replied Mar 20, 2022
So, tomorrow is another day. Till now, I have traded major and sometimes minor currency pairs with 0.5, 0.3 and 0.1 lot size. This week, in 4th cycle, I will trade gold only with 0.1 lot size. I have traded gold before and for me, its extremely ...
Omkar's Trading Journal
- omkarswarupa replied Mar 17, 2022
Here is the summary of all 3 cycles. I don't really know what to say about all this but the gut feeling is that I need to change the way I handle my losing positions. If I am not able to cut those at a certain threshold, what can I do? Maybe I will ...
Omkar's Trading Journal
- omkarswarupa replied Mar 17, 2022
So, completed the third cycle today. Had started on 14th March with a balance of 1000, finished today with net profit 125, closing balance 1125. Will withdraw 125 today to reset at 1000 USD. If I compare my performance in this cycle with the first ...
Omkar's Trading Journal
- omkarswarupa replied Mar 17, 2022
Trading Result: 17 March A good day today. Net profit 97.8 USD, profit factor 13.1, expected payoff 5.43. Best day of third cycle. Started around 1028, finished at 1125. Third cycle completed. Done for the day.
Omkar's Trading Journal
- omkarswarupa replied Mar 17, 2022
Trading Result: 16 March The graph from MT4 report is completely wrong. I don't know why. Had started with 1023 and finished with a net profit 4.72 and finished around 1028. Report shows final balance as 1125 which is the balance at day end today ...
Omkar's Trading Journal
- omkarswarupa replied Mar 17, 2022
Tough day yesterday again, had good profit but at the end, a few bad trades brought me back to breakeven. Net profit 4 USD only. I am happy that I survived. Will start from 1027 today. Could not share the report here, my dog chewed the laptop ...
Omkar's Trading Journal
- omkarswarupa replied Mar 16, 2022
Break even was the target yesterday. Started from 961, eventually finished at 1023. So far so good. Will build up from here. Maximal drawdown reached 10% in these 2 days, which is not a good sign. Expected payoff dropped as expected. Nothing to say ...
Omkar's Trading Journal
- omkarswarupa replied Mar 14, 2022
Just booked a 100 USD loss. Wow! yesterday was perfect, was at 50 USD profit when I bought GU at 1.30625. It went straight 30 pips down before I could react, no SL in place.Did not exit. tried to average up, it went further down. Stayed up all night ...
Omkar's Trading Journal
- omkarswarupa replied Mar 14, 2022
I think expected payoff (i.e. net profit/total number of trades) is the best measure of a trading performance. Ideal target for that would be your position size. If I am trading 0.1 lot per trade, expected payoff of 10 USD would be awesome IMO. It ...
Omkar's Trading Journal
- omkarswarupa replied Mar 12, 2022
So the second cycle is completed. Had started with a balance of ~1003 USD and had a target of 100 net profit. I cannot help but wonder if these 2 days are just a statistical aberration because profit factor on the first day was 13 and on the second ...
Omkar's Trading Journal
- omkarswarupa replied Mar 12, 2022
Another good day yesterday. Completed the second cycle.
Omkar's Trading Journal
- omkarswarupa replied Mar 11, 2022
I trade 6 pairs only. AU, EG,EJ, EU, GU, UJ. Sometimes GJ when the volatility is low. Otherwise GJ is too fast for me and things can get out of hands very fast. Now, in all these pairs, there are 4-5 movements of 20 pips everyday, on most of the ...
Omkar's Trading Journal
- omkarswarupa replied Mar 10, 2022
I am still thinking about the expected payoff of cycle 1. It was 1.21. 1.21 USD for a position size of 30 and 50 USD? I cant figure out what to do about it. In the first cycle, what I did was, take a position and cut it immedicately after its not ...
Omkar's Trading Journal
- omkarswarupa replied Mar 9, 2022
Here we go. Analysis of first cycle (3rd-9th March'22) Gross Profit: 413.05 Gross Loss: 312.65 Total net profit: 100.40 Total trades: 83 Profit factor:1.32. Should of course increase. Maybe >1.75? Expected payoff: 1.21. Wow! This is total net profit ...
Omkar's Trading Journal
- omkarswarupa replied Mar 9, 2022
Koi hai jo abhi bhi active hai yaha? Anyone from India?
Forex trading is illegal in India?
- omkarswarupa replied Mar 9, 2022
I have decided that I will complete 5 cycles of going from 1000 to 1100 first. If I can complete next 4 such cycles within a month,that will mean 40% return in a month, something I would love to do the rest of my life. Of course, I will have to ...
Omkar's Trading Journal
- omkarswarupa replied Mar 9, 2022
09 March 2022 Net profit: 24.95 Account balance: 1100.40 Completed first step today i.e.100 USD on a 1000 USD account. Took 5 days to do this. Had profits of 36, 2, 34, 4 and 24 USD on each of these days. Max drawdown was 5.55% on second day. This ...
Omkar's Trading Journal