50 till 50

self challenge:

I created a sub account to trade as a challenge to myself, I want to start a 50 dollar account and see how far i can take it in the time it takes me to turn 50, in this case 2022

feel free to post comments and guesses as to how far it will go

enjoy and may the pips be ever in your favor

Learning Forex One Pip at a time
Fred

you doing opposite of me in my Journal hahaha

I liked that experiment , thank you despite i don't know why you stopped it, was helpful for my research

I moved things around a little as i am starting a new job and have a different sleeping habit for this one, which in turn is going to cause a different trading time during the day. So i made a Demo account and reset the live account to start when i have gotten use to the new work shift and trade time. Overall my rules have not changed they are working and the only problem is me the trader. I seem to fail to follow the rules all the time, I seem to make reasons not to follow them. The root of these reasons fall in two areas, the first one is greed, and the second one is wanting to be done with the goal early for the day. With both greed and the time hurry up i am changing the bet size of each trade to well over the system amounts. Another aspect of the fail occurs in opening trades to close to eachother and not following the spacing rules i have.

Below is a PDF of the Current Rule Set that i try to follow. There is a Spreed sheet that goes along with it but the file format is not supported and the export to pdf is 200 some pages long which does not help. So what i have done is given the two main areas that are used, both resemble where the demo account is at, but it gives you and idea whats going on when the rules say ref this part pf the goal sheets to units to trade, daily goal, and a simple log of the trades by hour of the day. The ATR sheet is how i control the number of trades im allowed , in addition to the no more than 5 rule, it also gives me a starting point for the day as well by drawing a horizontal line at each of the point values over on the right hand side labeled range high and range low. These are not goal numbers i must hit just guidelines just like you have lines on the road when you drive. The higher the ATR the less number of trades i am suppose to have open.

Leaning Forex One Pip at a Time
Fred

Well im back at it, my drama is sorta gone and my brain is sorta rebooted, turn 46 this month so in a way it will be a 4 year test of following my rules and not starting over when i dont follow my rules. oh well... so like the first setup i am going for whatever the daily return is and to see how far i can get on 50 dollars,

I think i will do end of week reports only and go from there

followed most of my rules today, i did have a few trades that i went over on the units allowed but all in all looks like a little over 2% for the day on 39 pips from 20 trades , i transfered over the remain funds from another experiemental sub account i had, so +2.31 from that account as well.

Not going to trade much over the holiday, i might have one trade go after dinner and into the asian open but i dont know, thinking about calling it a week with the holiday and my birthday as well so yeah 46 now, so the 50 till 50 has 4 years left

enjoy the day and good luck to everyone