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$409k Challenge

  • #541
  • May 25, 2020 11:48am May 25, 2020 11:48am
No trading today, lets see what the week ahead brings us.
Truth is like poetry. And most people f*cking hate poetry.
  • #542
  • May 25, 2020 12:23pm May 25, 2020 12:23pm
Quoting FXsniper111
{quote} wow!!!Heavy trading over 100 trades...Well done doe...
As long as I'm winning bro! Where 's everyone else??
  • #543
  • May 25, 2020 12:34pm May 25, 2020 12:34pm
Quoting Mtinifx
{quote} As long as I'm winning bro! Where 's everyone else??
Actually I got hit chasing the Euro short this morning and ended up with a heavy loss - takes a lot of diligent trading to make it up AND finish the day 5% up!
  • #544
  • Edited 7:42am May 26, 2020 5:52am | Edited 7:42am
Hi guys

Well I'm finished for the day already. Decided to avoid trading in the european afternoon due to the heavy volatility however there's been plenty this morning I have to say!

Anyway 27% up so not too bad and only half of yesterday's amount of trades to get there!
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  • #545
  • May 26, 2020 9:25am May 26, 2020 9:25am
+6% added to the balance thanks to gold.
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Truth is like poetry. And most people f*cking hate poetry.
  • #546
  • May 27, 2020 8:32am May 27, 2020 8:32am
There was a lot of movement in the market today and I missed most of it unfortunately, but I did manage to catch a little bit of it. +3.7% I'll take it.
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Truth is like poetry. And most people f*cking hate poetry.
  • #547
  • May 28, 2020 10:54am May 28, 2020 10:54am
Not much action today so I only managed a small scalp on gold to add +2.3%. A win is a win and I'll take it.
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Truth is like poetry. And most people f*cking hate poetry.
  • #548
  • May 28, 2020 6:43pm May 28, 2020 6:43pm
I've been watching since this started. Love how you guys are supporting each other and managing your ups and downs. Very cool.

I'm waiting for my funds to come into my account and I'm in. Mostly likely starting Sunday for sure.

I'll make sure my TE is all setup and ready to go.
Do more of what works and less of what doesn't.
  • #549
  • May 29, 2020 8:38am May 29, 2020 8:38am
Quoting mrdfx
Not much action today so I only managed a small scalp on gold to add +2.3%. A win is a win and I'll take it. {image}
Well i am back at it doing micro scalping on EUR/USD only i also run two EA\s on and off...So today i take 2.7% since its Friday and all.....I just started up trading manuall yesterday and today and made some 4.5% on this two days.....I will resume after Mondays trading...My big Dradown where cause i have the Marketmaker Pro EA and first day EU broke out with a 177% ADR so i needed to take some risky trades to get out at all,but banked abaut 11% that day so still good,but way to much DD...Now i use a 2 pips SL on my Microscalping so i dont risk a lot pr trade even i use high leverage....
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Insanityoing same ting over expecting different results..Einstein
  • #550
  • May 29, 2020 10:05am May 29, 2020 10:05am
TGIF!

Took another small scalp on gold today to add +3.9%, bringing this weeks total to +17%.

Not a bad week at all considering it was relatively stress free and I hardly spent any time on the charts.

Have a great weekend guys.
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Truth is like poetry. And most people f*cking hate poetry.
  • #551
  • May 29, 2020 3:30pm May 29, 2020 3:30pm
Back on Monday guys. Took a break!
  • #552
  • May 29, 2020 5:48pm May 29, 2020 5:48pm
Alright. I'm all set. I'll post my TE results in this thread just to help keep it going. I'm also going to chronicle my trades in my own thread as well.

Monday it is
Do more of what works and less of what doesn't.
  • #553
  • May 29, 2020 10:48pm May 29, 2020 10:48pm
Quoting ahollis
Alright. I'm all set. I'll post my TE results in this thread just to help keep it going. I'm also going to chronicle my trades in my own thread as well. Monday it is
$470 is a good amount to start with. Starting with $50 or $100 is very difficult!
  • #554
  • May 30, 2020 8:19am May 30, 2020 8:19am
Quoting Mtinifx
{quote} $470 is a good amount to start with. Starting with $50 or $100 is very difficult!

Thanks for the heads up. To be honest, I wanted to start with $800. I do however plan on adding more to it.

The goal was to create a buffer for leverage and commission costs.
Do more of what works and less of what doesn't.
  • #555
  • May 30, 2020 10:42am May 30, 2020 10:42am
Quoting ahollis
Alright. I'm all set. I'll post my TE results in this thread just to help keep it going. I'm also going to chronicle my trades in my own thread as well. Monday it is
Welcome to the challenge ahollis!
Truth is like poetry. And most people f*cking hate poetry.
  • #556
  • May 31, 2020 6:04am May 31, 2020 6:04am
Hey mrdfx,
Thanks for sharing this. One question, how do you manage losses. Is it personal thing or there is a rule as well. I mean you have the rule for 10 pips a day, as the same comes for loss?
  • #557
  • Jun 1, 2020 8:07pm Jun 1, 2020 8:07pm
The day started out kinda rough. Trying to trade and multitask (working from home), etc, etc.

I managed to salvage the day and actually recover with 10 pips. Definitely gonna have to shoot just a tad higher for my minimum due to the commission pricing model I'm on. As I didn't get the $5 and ended up with $4. But that's on me; really good spreads but poor execution.

But hey...I'm in the green at the end of the day.

Cheers.
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Do more of what works and less of what doesn't.
  • #558
  • Jun 2, 2020 9:22am Jun 2, 2020 9:22am
Snagged 28 pips for a 3% return. Overall for the week 3.8%.

I guess we're shooting for 220 pips for the month? 182 to go Steady is the pace.

Good luck to the rest of you guys trading today.
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Do more of what works and less of what doesn't.
  • #559
  • Jun 2, 2020 1:51pm Jun 2, 2020 1:51pm
Took a little knock today unfortunately ending my 21 day win streak.

I could have held on to the orders waiting for them to play out, but they did not look favorable long term so I decided to take the small loss instead of risking losing more. Its all good I'll recover this week.
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Truth is like poetry. And most people f*cking hate poetry.
  • #560
  • Jun 2, 2020 5:56pm Jun 2, 2020 5:56pm
Quoting mrdfx
Took a little knock today unfortunately ending my 21 day win streak. I could have held on to the orders waiting for them to play out, but they did not look favorable long term so I decided to take the small loss instead of risking losing more. Its all good I'll recover this week. {image}
That’s an excellent streak using the relative risk you’re doing.

Another decent run should see you past the 4 figure mark.
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