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Journey from USD1,000 to USD10,000

  • #1
  • First Post: Edited 3:58am Jan 28, 2018 2:59am | Edited 3:58am
Hello everyone, I'm Arco. I am a Spot Forex & Stocks trader. I'm from Malaysia. As of today, I've been trading for 2 years.
My methodology in trading is Intra Swing Supply & Demand. I am 100% technical in my analysis. Please don't ask me how my methodology works. I believe every trader has their own touch on their own methods.

In this journal of mine, I am going to start logging my daily orders, brief analysis & post-feedback on losses. I am not here to educate others on how to trade, so don't start asking.
i just want to make 10% gain a month.
  • #2
  • Jan 28, 2018 3:14am Jan 28, 2018 3:14am
It's the weekend and market is closed.
I'm eyeing on these pairs to set up my orders.

  1. AUDNZD
  2. AUDSGD
  3. EURNZD
  4. EURUSD
  5. GBPCAD
  6. GBPNZD
  7. GBPUSD
  8. XAUUSD
  9. NZDJPY
  10. XAGUSD
  11. USDCAD
  12. USDJPY
  13. USDSGD

i just want to make 10% gain a month.
  • #3
  • Jan 28, 2018 4:49pm Jan 28, 2018 4:49pm
Updated PO for today.

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All of the trades are 3R+ potential and adhere to 1% risk to equity.
i just want to make 10% gain a month.
  • #4
  • Jan 29, 2018 12:51pm Jan 29, 2018 12:51pm
Update for today:

GBPCAD : loss
Attached Image

Post-feedback : Price cuts through demand zone and triggered stop loss. Loss 1% of equity. Everything about the setup goes by my rules, however, I accept that losing is also part of my system.

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GBPAUD : triggered
Order triggered. 0.5% risk to equity (this was unintentional I thought I calculated it right lol) . Potential 10R setup. Breakeven probably around 3R.
i just want to make 10% gain a month.
  • #5
  • Jan 29, 2018 9:40pm Jan 29, 2018 9:40pm
Updated PO for today.

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i just want to make 10% gain a month.
  • #6
  • Jan 30, 2018 4:56am Jan 30, 2018 4:56am
UPDATE

  1. Removed certain POs due to price straying away from the rules.
  2. GBPAUD current position.

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i just want to make 10% gain a month.
  • #7
  • Jan 30, 2018 11:22pm Jan 30, 2018 11:22pm

  1. GBP/AUD hit TP. 8R win.
  2. AUDNZD triggered, price decided to go to extreme demand level, cutting through proximal demand zone.

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i just want to make 10% gain a month.
  • #8
  • Feb 1, 2018 2:30am Feb 1, 2018 2:30am
Updated PO for today:

Attached Image


Triggered order:

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Yesterday AUDNZD made a loss. Altogether 2% loss on AUDNZD.

Ended January with 9% gain (My initial account balance was $1000. I recently made this ECN account end of January 2018) . Aiming 10% gain this February.
i just want to make 10% gain a month.
  • #9
  • Feb 10, 2018 1:23pm Feb 10, 2018 1:23pm
Hello.

Back in the journal. I can't keep up with posting everytime I enter/exit a trade. So I reckon I'll start posting every weekend.

I won't be posting like how I used to post before, it's too tidious. I'll start posting post-analysis on a few trades I took for that week, not all the trades, but a few.
Here we go!

32 trades were triggered this week.
Here are a few of what I handpicked.

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Losers
AUDJPY:

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GBPAUD:

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CHFJPY:

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Winners
EURGBP:

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AUDCAD:

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i just want to make 10% gain a month.
  • #10
  • Feb 10, 2018 1:34pm Feb 10, 2018 1:34pm
18% gain from equity this week. Starting off February quite good.

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Update:
I've split my balance to half earlier this week to another account I opened with my broker. Reason being, I recently applied for a position as a prop trader at a Singaporean prop firm. Having said that, each applicants needs to trade a $500 account for 45 days. Based on performance, they'll shortlist the week after.
i just want to make 10% gain a month.
  • #11
  • Feb 10, 2018 5:12pm Feb 10, 2018 5:12pm
Hello,
Nice to see someone trading using Supply&Demand zones. The S&D system is also my idea to trade from about 1 year.
If I understand correct You analysis D1 timeframe and looks zones on H1 TF to place pending orders?

Do You want to share any analyses or just show results?
Supply & Demand trading
  • #12
  • Feb 10, 2018 9:31pm Feb 10, 2018 9:31pm
Quoting CoolRain
Hello, Nice to see someone trading using Supply&Demand zones. The S&D system is also my idea to trade from about 1 year. If I understand correct You analysis D1 timeframe and looks zones on H1 TF to place pending orders? Do You want to share any analyses or just show results?
Hi CoolRain,

Yes you are right. I go from D1 to H1. I also do higher timeframes and i also scalp under the same trading plan.

I dont plan on doing pre analysis on my trades. Even if i do pre analysis on all 28 pairs, maybe only 3 would trigger. So i dont want to waste valuable time. So thats why im putting up only post analysis because i want to see my analysis work so i can get some feedback for my plan and improve.

This is a public journal, hence putting up post-analysis of my trades feels much better as i am showing to people some of the losses and gains i made and how price action is. Gives me a better understanding of the market.
i just want to make 10% gain a month.
  • #13
  • Feb 10, 2018 11:21pm Feb 10, 2018 11:21pm
Quoting amnrsln
18% gain from equity this week. Starting off February quite good. {image} Update: I've split my balance to half earlier this week to another account I opened with my broker. Reason being, I recently applied for a position as a prop trader at a Singaporean prop firm. Having said that, each applicants needs to trade a $500 account for 45 days. Based on performance, they'll shortlist the week after.
Somehow happened to chance upon this. If that prop firm is ANZ Financials, don't bother anymore. It is a scam company. You will have to deposit $500 into AVA Trade and then trade. The best 2 of your cohort will advance to Round 2, where you "compete" again and only the best is selected. However, there is no best to be selected, they simply want people to sign up with AVA Trade, which has horrible spreads.
  • #14
  • Feb 10, 2018 11:25pm Feb 10, 2018 11:25pm
Quoting MoneyFocus
{quote} Somehow happened to chance upon this. If that prop firm is ANZ Financials, don't bother anymore. It is a scam company. You will have to deposit $500 into AVA Trade and then trade. The best 2 of your cohort will advance to Round 2, where you "compete" again and only the best is selected. However, there is no best to be selected, they simply want people to sign up with AVA Trade, which has horrible spreads.
Hi MoneyFocus,

You got it all wrong, the prop firm im applying told the applicants to open their own trading account under the associated broker, which is surprisingly the same broker im using, pepperstone. So i just transferred 500$ from my ecn account into a new account registered under me. At the end of the trial, ill only need to send them the mt4 report. And its not the prop firms u mentioned.
i just want to make 10% gain a month.
  • #15
  • Feb 10, 2018 11:45pm Feb 10, 2018 11:45pm
Quoting amnrsln
{quote} Hi MoneyFocus, You got it all wrong, the prop firm im applying told the applicants to open their own trading account under the associated broker, which is surprisingly the same broker im using, pepperstone. So i just transferred 500$ from my ecn account into a new account registered under me. At the end of the trial, ill only need to send them the mt4 report. And its not the prop firms u mentioned.
Good to hear then. It wasn't meant to discourage you or anything, just that I have seen too many people having their hopes crushed by ANZ Financials, which in no manner is linked to the ANZ bank.

Good luck!
  • #16
  • Feb 11, 2018 1:19am Feb 11, 2018 1:19am
Quoting MoneyFocus
{quote} Good to hear then. It wasn't meant to discourage you or anything, just that I have seen too many people having their hopes crushed by ANZ Financials, which in no manner is linked to the ANZ bank. Good luck!
Ah man i appreciate your concern. Thanks though. Yeah i see theres quite of number of bad reviews on that firm. Regardless, handling 2 trade accounts are so double work. Haha.
i just want to make 10% gain a month.
  • #17
  • Edited 2:12am Feb 11, 2018 2:00am | Edited 2:12am
If you are good, you don't have to trade for another proprietary firm. They are using you to earn commissions.
If they want you to do scalping only, then you should raise alarm bells.
The more you scalp, the more commissions they earn.
  • #18
  • Feb 11, 2018 2:11am Feb 11, 2018 2:11am
Quoting altzspec
If you are good, you don't have to trade for another proprietary firm. They are using you to earn commissions.
Hi altzspec,

The reason why I want to trade with a prop firm is because of the size of equity. I'm currently trading a personal $1000 account. Based on my trading plan, my goal a month is to gain 10%, which is based on my account, I'll gain $100 a month. But if I were to have a bigger size account, lets say $100,000, I could get $10,000 a month, splitting commission which is 25% for my part, I can get $2500 from that gain.

Hence the reason why I applied. If only I had that account size, I'd follow what you say cause its true! I'd rather trade my own. Hehe
i just want to make 10% gain a month.
  • #19
  • Feb 11, 2018 2:17am Feb 11, 2018 2:17am
No proprietary firm is brave enough to give $100,000 to you to trade. So many competing traders for the same candy.
Your share will get less the more traders there are.
  • #20
  • Feb 11, 2018 2:21am Feb 11, 2018 2:21am
Quoting altzspec
No proprietary firm is brave enough to give $100,000 to you to trade. So many competing traders for the same candy. Your share will get less the more traders there are.
I have to admit I gave a quite a guess on that figure, though there's confirmation the firm account would size about $10,000 and above
Having said that, getting 10% of that amount and the commission would be much better. By better, I mean 'withdrawing every month' better.

Currently on my personal account, I'm following strict rules towards compounding the money with the gains.

Here is a snippet of my personal compounding plan:

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I reckon in 24 months, if I gain 10% a month, I'll reach $10,000+- , which what I aim this journal to be.
i just want to make 10% gain a month.
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