Hey everyone thanks for passing by and checking out my personal journal. So I came across this "trading plan" and it interested me, so I've decided to give it a shot. This will be a personal journal to document and track my progress throughout the year.
Basically this isn't an actual trading strategy, its more of an aggressive money management approach using compounding logic. I'm sure many of you would have seen it somewhere before and probably many have attempted it as well I'm sure.
The approach is to start with $100 and target 5% a day for a year and after that with the power of compounding I should finish with $409k. I know its sounds crazy and impossible, but I believe it is achievable if approached the right way.
I've adapted the initial daily and weekly targets to my style of trading and I will try to achieve the 5% daily target and 25% weekly target, although I know there are not always trading opportunities everyday. Also depending on what the market offers I might make less than the 5% and sometimes more, I take what the market gives me. As far as lot sizing goes I'll keep the targeted set lot size and only increase when I complete the month and move up to the next stage of the challenge.
How I trade this challenge:
https://www.forexfactory.com/showthr...4#post12786224
https://www.forexfactory.com/showthr...7#post12749357
https://www.forexfactory.com/showthr...3#post13004843
https://www.forexfactory.com/showthr...5#post12717325
https://www.forexfactory.com/showthr...2#post13036272
https://www.forexfactory.com/showthr...7#post13048057
https://www.forexfactory.com/showthr...1#post13056431
https://www.forexfactory.com/showthr...2#post12934632
https://www.forexfactory.com/showthr...3#post12719363
https://www.forexfactory.com/showthr...8#post13071388
My MM for the challenge:
https://www.forexfactory.com/showthr...7#post12715537
https://www.forexfactory.com/showthr...7#post12992657
https://www.forexfactory.com/showthr...3#post13040803
I've linked the live TE so you can monitor and track my progress, but while I'm trading and there are open orders I will hide the TE and once all orders are closed I will make it public again. By doing so it will prevent people from trying to copy my trades, but still allow members to check out the account stats and follow along.
Lastly this is my personal journal documenting my trading as I attempt the $409k challenge. I have no problems with constructive criticism, positive advice and suggestions etc, but I will not tolerate any negativity or attitude. If you want to post in my journal please respect it if not then I will have to remove you. Thanks.
Here's to a successful and profitable 2020!
Basically this isn't an actual trading strategy, its more of an aggressive money management approach using compounding logic. I'm sure many of you would have seen it somewhere before and probably many have attempted it as well I'm sure.
The approach is to start with $100 and target 5% a day for a year and after that with the power of compounding I should finish with $409k. I know its sounds crazy and impossible, but I believe it is achievable if approached the right way.
I've adapted the initial daily and weekly targets to my style of trading and I will try to achieve the 5% daily target and 25% weekly target, although I know there are not always trading opportunities everyday. Also depending on what the market offers I might make less than the 5% and sometimes more, I take what the market gives me. As far as lot sizing goes I'll keep the targeted set lot size and only increase when I complete the month and move up to the next stage of the challenge.
How I trade this challenge:
https://www.forexfactory.com/showthr...4#post12786224
https://www.forexfactory.com/showthr...7#post12749357
https://www.forexfactory.com/showthr...3#post13004843
https://www.forexfactory.com/showthr...5#post12717325
https://www.forexfactory.com/showthr...2#post13036272
https://www.forexfactory.com/showthr...7#post13048057
https://www.forexfactory.com/showthr...1#post13056431
https://www.forexfactory.com/showthr...2#post12934632
https://www.forexfactory.com/showthr...3#post12719363
https://www.forexfactory.com/showthr...8#post13071388
My MM for the challenge:
https://www.forexfactory.com/showthr...7#post12715537
https://www.forexfactory.com/showthr...7#post12992657
https://www.forexfactory.com/showthr...3#post13040803
I've linked the live TE so you can monitor and track my progress, but while I'm trading and there are open orders I will hide the TE and once all orders are closed I will make it public again. By doing so it will prevent people from trying to copy my trades, but still allow members to check out the account stats and follow along.
Lastly this is my personal journal documenting my trading as I attempt the $409k challenge. I have no problems with constructive criticism, positive advice and suggestions etc, but I will not tolerate any negativity or attitude. If you want to post in my journal please respect it if not then I will have to remove you. Thanks.
Here's to a successful and profitable 2020!
Attached File(s)
409K Challenge Trade Plan.xlsx
36 KB
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2,701 downloads
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Uploaded Jan 8, 2020 8:14am
409K Challenge Trade Plan Breakdown.xlsx
42 KB
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1,814 downloads
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Uploaded Jan 20, 2020 8:15am
409K Challenge Trade Plan - Mod.xlsx
14 KB
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1,295 downloads
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Uploaded Jul 15, 2020 2:36pm
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