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20 Days double up challenge

  • #21
  • Jun 16, 2018 2:23am Jun 16, 2018 2:23am
had some time issue the last 2 days to keep the journal updated.

short recap for day 6 + 7

Day 6:

Start: 706,69€
End: 665,62 + open Trade CADJPY +25,21 = 690,83
Result: -15,86€ / -2,2%

Day 7:

Start: 690,83€
End: 640,87 + open Trade CADJPY +48,02 = 688,89
Result: -1,94€ / -0,3%
Achieving your goals is only a matter of mental strength
  • #22
  • Edited 2:38am Jun 16, 2018 2:27am | Edited 2:38am
Weekly recap:

This was the first full trading week since start and did not work out as planned. 2 big drawdown during the day which could be recovered till the end of the day.

Start: 563,43€
End: 688,89 €
Result: +125,46€ / 22,3%

Actual I am 10€ or 2% behind my schedule. It still can be done.

Way better result could have been possible with correct mindset. Will work on that

Enjoy the weekend , and lots of green trades next week
Achieving your goals is only a matter of mental strength
  • #23
  • Jun 16, 2018 11:59pm Jun 16, 2018 11:59pm
An awesome start - keep it up!
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #24
  • Jun 18, 2018 10:36am Jun 18, 2018 10:36am
NASDAQ Trade

Entry: 7211,62
SL: 7208,12
Exit: 7254,62

Profit: 37.04 € / ~ 6%

R:R = ~ 1:8
Attached Image (click to enlarge)
Click to Enlarge Name: 20180618 USTEC Trade.png Size: 102 KB
Achieving your goals is only a matter of mental strength
  • #25
  • Jun 18, 2018 10:49am Jun 18, 2018 10:49am
Enclosed a picture of my onging trade in CADJPY which I entered on 15.June.

At the moment it is ~ +74€ and R:R 1:26

I hope that I will find the correct time to exit this trade and that I will not wait to long and give away to much of the winnings in the end.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY Trade ongoing 20180618.png Size: 109 KB
Achieving your goals is only a matter of mental strength
  • #26
  • Jun 18, 2018 10:59am Jun 18, 2018 10:59am
Hello sir. I !ust say that by the l ooks of your esquity curve that you are onto something.equity curves that show a large spike up and a small retrace really shows me that not only do you have a plan but you are sticking to it. Keep up the good work and hopefully you'll continue the production.
Read my shouts to get myfxbook link
  • #27
  • Jun 18, 2018 11:18am Jun 18, 2018 11:18am
Quoting IggyMon
Hello sir. I !ust say that by the l ooks of your esquity curve that you are onto something.equity curves that show a large spike up and a small retrace really shows me that not only do you have a plan but you are sticking to it. Keep up the good work and hopefully you'll continue the production.
Hello IggyMon, Thx for your feedback. I always try to find cheap entries with possible good R:R Ratio. Still my drawdowns are to big sometimes but this is a mental issue mostly.
Achieving your goals is only a matter of mental strength
  • #28
  • Jun 20, 2018 12:39am Jun 20, 2018 12:39am
I fucked up yesterday.

Had a bad day at work and was unable to get rid of my emotions before trading. I failed to identify the correct direction of the market and had a few losses according to my risks. Not in control of my emotions I did not stop trading what would have been the right thing to do. I overtraded and in the end I did something whcih I have not done for a long time know. I started to take bigger risks with every trade......

Result is that I lost all my winnings and more. ATM Account is at -16%.

The challenge can not be done anymore.

Goal till the end of the month. Try to remedy my account and work on my mental mindset.
Achieving your goals is only a matter of mental strength
  • #29
  • Jun 22, 2018 12:51pm Jun 22, 2018 12:51pm
Quoting DowHow1807
I fucked up yesterday. Had a bad day at work and was unable to get rid of my emotions before trading. I failed to identify the correct direction of the market and had a few losses according to my risks. Not in control of my emotions I did not stop trading what would have been the right thing to do. I overtraded and in the end I did something whcih I have not done for a long time know. I started to take bigger risks with every trade...... Result is that I lost all my winnings and more. ATM Account is at -16%. The challenge can not be done anymore....
Good look my friend and when you get back let us know.
Read my shouts to get myfxbook link
  • #30
  • Jun 28, 2018 2:10am Jun 28, 2018 2:10am
Hey there, I am back.

I will start a new challenge today.

After reviewing the last results I decided to make some adjustments.

1. Will extend the challenge for 1 day and reduce the daily goal to 3,5%
2. I changed the broker to have more CFDs to be able to diversify my trading more.
3. To be able to diversify I decided to increase my initial bankroll. Start will be with 988€
4. Risk-Management : Standard = 0,5% /Trade , Max: below 2%/Trade

will post more later
Achieving your goals is only a matter of mental strength
  • #31
  • Jun 28, 2018 2:19am Jun 28, 2018 2:19am
Quoting DowHow1807
I fucked up yesterday. Had a bad day at work and was unable to get rid of my emotions before trading. I failed to identify the correct direction of the market and had a few losses according to my risks. Not in control of my emotions I did not stop trading what would have been the right thing to do. I overtraded and in the end I did something whcih I have not done for a long time know. I started to take bigger risks with every trade...... Result is that I lost all my winnings and more. ATM Account is at -16%. The challenge can not be done anymore....

Maybe read something of Mark Douglas will help. Hope you will get back on track

Best regards
  • #32
  • Jun 30, 2018 5:04am Jun 30, 2018 5:04am
At the moment unfortunately I do not have a lot of time to post. Only a short recap for now.

Day 1: + 2,5% / 24,42 €

Day 2: + 9,2% / 92,88 €

Overall: +11,9 %

BR: 1105,30 €

The first 2 days where more or less ok. I still need to review some of the trades which went into the SL.

Most likely will have no time to trade on Monday because of work.

Enjoy the weekend
Attached Image (click to enlarge)
Click to Enlarge Name: Day 1 + Day 2 balance.png Size: 37 KB
Achieving your goals is only a matter of mental strength
  • #33
  • Last Post: Jul 11, 2018 3:50am Jul 11, 2018 3:50am
Quoting DowHow1807
At the moment unfortunately I do not have a lot of time to post. Only a short recap for now. Day 1: + 2,5% / 24,42 € Day 2: + 9,2% / 92,88 € Overall: +11,9 % BR: 1105,30 € The first 2 days where more or less ok. I still need to review some of the trades which went into the SL. Most likely will have no time to trade on Monday because of work. Enjoy the weekend {image}

So how are things going ?


Best regards
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