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$409k Challenge Part 2 136 replies

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$409k Challenge

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  • Post #881
  • Quote
  • Aug 11, 2020 3:39pm Aug 11, 2020 3:39pm
  •  willfant
  • | Joined Sep 2015 | Status: Member | 21 Posts
Quoting GrowPro93
Disliked
{quote} Hey! How are you doing with challenge? Hope all good. Nice to see so impressive results.
Ignored
Maybe not doing.

Just kidding. Yeah I'm curious too. Did him take some days off?
 
 
  • Post #882
  • Quote
  • Aug 12, 2020 8:18am Aug 12, 2020 8:18am
  •  mrdfx
  • Joined May 2017 | Status: Member | 3,651 Posts
I forgot to post yesterdays results and it was a great day adding +37.1% to the account.

Lets see what the market gives us today...
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Truth is like poetry. And most people f*cking hate poetry.
 
2
  • Post #883
  • Quote
  • Aug 12, 2020 8:52am Aug 12, 2020 8:52am
  •  braintheboss
  • Joined Nov 2012 | Status: Coder | 8,507 Posts
Quoting mrdfx
Disliked
I forgot to post yesterdays results and it was a great day adding +37.1% to the account. Lets see what the market gives us today... {image}
Ignored
More money, sure...
Try don't lose pants never...
 
1
  • Post #884
  • Quote
  • Aug 12, 2020 10:24am Aug 12, 2020 10:24am
  •  mrdfx
  • Joined May 2017 | Status: Member | 3,651 Posts
Ok so the market gave me +4.6% today, I'll take it!
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Truth is like poetry. And most people f*cking hate poetry.
 
3
  • Post #885
  • Quote
  • Aug 12, 2020 12:12pm Aug 12, 2020 12:12pm
  •  Razvan.I
  • | Commercial Member | Joined Aug 2020 | 189 Posts
Quoting mrdfx
Disliked
Ok so the market gave me +4.6% today, I'll take it! {image}
Ignored
You will get there bro, you have the skill. One suggestion maybe, when you see things going crazy you could try hedging your whole batch of orders till the next day and just close the pip gap between them when you see a usual opportunity on either side of them.
Living the way my older self would have wished for my younger self. RazvanI
 
1
  • Post #886
  • Quote
  • Aug 12, 2020 1:32pm Aug 12, 2020 1:32pm
  •  xmess7
  • Joined Nov 2008 | Status: Member | 4,791 Posts
Quoting mrdfx
Disliked
Ok so the market gave me +4.6% today, I'll take it! {image}
Ignored
LOL.. Next time create your own "HUGE DD" and start all over just like you are doing right now.
LOL
Our AWESOME IMAGINATION is the true holy grail!
 
 
  • Post #887
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  • Edited at 3:19pm Aug 12, 2020 2:41pm | Edited at 3:19pm
  •  MrGreen95
  • Joined Jan 2018 | Status: Member | 1,108 Posts
Well, i blowed too. I was trading with a 2 euro account, that was "ruins" of one of my first blowed accounts. Went from 2 to 57 in 10 days trading max 0.02 lot, and now i'm back to 5 euro for 1 bad trade with big size. The plan was to go to 100 for join this challenge. lol. I will rejoin in september with 5. Now i just need to go to the sea
 
 
  • Post #888
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  • Aug 12, 2020 4:07pm Aug 12, 2020 4:07pm
  •  braintheboss
  • Joined Nov 2012 | Status: Coder | 8,507 Posts
Quoting MrGreen95
Disliked
Well, i blowed too. I was trading with a 2 euro account, that was "ruins" of one of my first blowed accounts. Went from 2 to 57 in 10 days trading max 0.02 lot, and now i'm back to 5 euro for 1 bad trade with big size. The plan was to go to 100 for join this challenge. lol. I will rejoin in september with 5. Now i just need to go to the sea
Ignored
2€ account enters inside definition "extreme risk trading"
Try don't lose pants never...
 
2
  • Post #889
  • Quote
  • Aug 12, 2020 4:12pm Aug 12, 2020 4:12pm
  •  MrGreen95
  • Joined Jan 2018 | Status: Member | 1,108 Posts
Quoting braintheboss
Disliked
{quote} 2€ account enters inside definition "extreme risk trading"
Ignored

i was deleting photos for make free space on the phone and i have found this screenshot with data login, i logged into account
and found 2 euro, so i thought

" let's do something anyone never did: going from 2 to 1k and from 1k to 10k " , a sort of personal challenge
 
 
  • Post #890
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  • Aug 12, 2020 4:27pm Aug 12, 2020 4:27pm
  •  braintheboss
  • Joined Nov 2012 | Status: Coder | 8,507 Posts
Quoting MrGreen95
Disliked
{quote} i was deleting photos for make free space on the phone and i have found this screenshot with data login, i logged into account and found 2 euro, so i thought " let's do something anyone never did: going from 2 to 1k and from 1k to 10k " , a sort of personal challenge
Ignored
As challenge is really cool Its like have a coin in your hand and with one magic movement convert it in a banknote
Try don't lose pants never...
 
1
  • Post #891
  • Quote
  • Aug 13, 2020 3:46am Aug 13, 2020 3:46am
  •  KonradGER
  • | Joined Jul 2020 | Status: Member | 58 Posts
Quoting xmess7
Disliked
{quote} LOL.. Next time create your own "HUGE DD" and start all over just like you are doing right now. LOL
Ignored
Please go troll somewhere else.
1
 
  • Post #892
  • Quote
  • Aug 13, 2020 7:38am Aug 13, 2020 7:38am
  •  1804ofwallst
  • | Joined Feb 2020 | Status: Member | 12 Posts
First trade on challenge ac; London session was OK
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  • Post #893
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  • Aug 13, 2020 10:31am Aug 13, 2020 10:31am
  •  xmess7
  • Joined Nov 2008 | Status: Member | 4,791 Posts
Quoting KonradGER
Disliked
{quote} Please go troll somewhere else.
Ignored
No no my friend, it was not meant as troll..

Create your own DD = take the profit and place it in your bank account

Imagine that if he had done this, he would be reporting his blowout with alot different sentiment... lol

PEACE
Jess

PS: You are officially the first user every to have called me a TROLL... LOL
Our AWESOME IMAGINATION is the true holy grail!
 
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  • Post #894
  • Quote
  • Aug 13, 2020 1:11pm Aug 13, 2020 1:11pm
  •  mrdfx
  • Joined May 2017 | Status: Member | 3,651 Posts
Well guys like anything in life, many things come to an end including this challenge.

It has been one hell of a journey, and I've learned a lot about myself when it comes to trading psychology, managing pressure and stress, and all the emotions that comes with it. As experienced as I am as a trader, this challenge has not been easy. Its been extremely hard maintaining the aggressive daily and weekly targets needed for the challenge. I think as good and simple as it seems on paper, in reality its easier said than done, that's probably why no one has achieved it as far as I know.

One thing I learned is that my strategy is not the problem here, but trading at such a high level or risk is not sustainable long term and is as close to gambling as you can get, and with such a high risk MM approach it was too hard and stressful.

So I have been approached by a cpl of people suggesting for me to try out the FTMO prop firm and I think that using my strategy with much lower risk and a lower monthly target requirement will be better suited for me. Lowering my risk considerably I think I can safely make a decent income with FTMO. If I aim for only 1% a day instead of 5% which will be safely achievable for me, I should be able to average around +20% monthly which on a $100k funded FTMO account will be around $20k and my 70% cut being around $14000 pm. This is very good money for me and although I might not have achieved the $409k challenge, making $14000 a month is more than enough for me and my family.

I want to thank everyone who was following my journal and this challenge and for all the support, you guys are awesome. I'll be posting up my FTMO challenge for those who might be interested in following along.
Truth is like poetry. And most people f*cking hate poetry.
1
19
  • Post #895
  • Quote
  • Aug 13, 2020 1:16pm Aug 13, 2020 1:16pm
  •  GrowPro93
  • | Joined Dec 2019 | Status: Member | 19 Posts
Quoting mrdfx
Disliked
Well guys like anything in life, many things come to an end including this challenge. It has been one hell of a journey, and I've learned a lot about myself when it comes to trading psychology, managing pressure and stress, and all the emotions that comes with it. As experienced as I am as a trader, this challenge has not been easy. Its been extremely hard maintaining the aggressive daily and weekly targets needed for the challenge. I think as good and simple as it seems on paper, in reality its easier said than done, that's...
Ignored
Keep posting mate
 
2
  • Post #896
  • Quote
  • Edited at 1:46pm Aug 13, 2020 1:22pm | Edited at 1:46pm
  •  braintheboss
  • Joined Nov 2012 | Status: Coder | 8,507 Posts
Quoting mrdfx
Disliked
Well guys like anything in life, many things come to an end including this challenge. It has been one hell of a journey, and I've learned a lot about myself when it comes to trading psychology, managing pressure and stress, and all the emotions that comes with it. As experienced as I am as a trader, this challenge has not been easy. Its been extremely hard maintaining the aggressive daily and weekly targets needed for the challenge. I think as good and simple as it seems on paper, in reality its easier said than done, that's...
Ignored
I think is smart decision. Its important try don't be stressed or finally health is affected.

I made my own numbers and making 10% month with 100k account you get 7000$ net profit without risk any dollar. And 10% is very easy for traders like you. Luck with your FTMO challenge. I will start soon if things continue like now...

For encourage you this is my last test before pass challenge. Zero stress and its easy make much money with that balance
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Try don't lose pants never...
 
4
  • Post #897
  • Quote
  • Aug 13, 2020 5:09pm Aug 13, 2020 5:09pm
  •  Razvan.I
  • | Commercial Member | Joined Aug 2020 | 189 Posts
Quoting mrdfx
Disliked
Well guys like anything in life, many things come to an end including this challenge. It has been one hell of a journey, and I've learned a lot about myself when it comes to trading psychology, managing pressure and stress, and all the emotions that comes with it. As experienced as I am as a trader, this challenge has not been easy. Its been extremely hard maintaining the aggressive daily and weekly targets needed for the challenge. I think as good and simple as it seems on paper, in reality its easier said than done, that's...
Ignored
Man I wish you all the best in your new journey, I will follow you along your ride as much as you make it available
Just one thing you maybe want to consider and hope it helps you, if you want to be in the long run with any prop, split the whole balance in just the max. allowed DD and trade just that, because effectively that is all you have, 10% of that advertised balance. Many many people do not get this at the start, it is a legit business for them (the props) as they make most of the income from fees, and they have a bucket of funds distributed thru out the traders. The 100 k balance with max DD 10% is actually the balance for 10 traders. Really hope it helps you bro.
Living the way my older self would have wished for my younger self. RazvanI
 
 
  • Post #898
  • Quote
  • Aug 14, 2020 2:40am Aug 14, 2020 2:40am
  •  MoneyZilla
  • Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
The owner of this tread or “challenge”, knows shit about the money...

I was supporting him all the way he went, but his last post shows me, he will never touch 14k a month, ever in his lifetime... sad.

The responsibility for that drama is all his, as he still knows nothing about the money and this will likely, probably, never change...♟
Maadik Hugiis. IQ 69.
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  • Post #899
  • Quote
  • Aug 14, 2020 6:54am Aug 14, 2020 6:54am
  •  1804ofwallst
  • | Joined Feb 2020 | Status: Member | 12 Posts
Took a hit today; over-traded. Going to take a different approach with this challenge
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  • Post #900
  • Quote
  • Aug 14, 2020 7:03am Aug 14, 2020 7:03am
  •  Mtinifx
  • Joined Feb 2011 | Status: Member | 6,018 Posts
Quoting 1804ofwallst
Disliked
Took a hit today; over-traded. Going to take a different approach with this challenge {image}
Ignored
It's not easy bro - I found that out - sorry about your loss
 
 
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