$409k Challenge Part 2 | Forex Factory

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$409k Challenge Part 2

  • #1
  • First Post: Jan 11, 2021 8:32am Jan 11, 2021 8:32am
Hello everyone, so its a new year and time for a new challenge!

For those of just joining in you can read the first thread HERE.

Just a quick recap, I attempted this challenge last year and grew a $100 account to over $5k before doing some stupid shit and blowing the account. I think I've learned a lot over the last year with managing risk and emotion, and I've also made some changes to the strategy I will use.

Basically the approach is to start with $100 and target 5% a day for a whole year and with the power of compounding I should finish with $409k. Its def not easy and no one has achieved this as far as I know, and many have tried and failed, but I still think its possible.

So guys feel free to subscribe and follow along or join in if you like and lets do the challenge together.

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 2021!
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Truth is like poetry. And most people f*cking hate poetry.
  • #2
  • Jan 11, 2021 2:56pm Jan 11, 2021 2:56pm
Quoting mrdfx
Hello everyone, so its a new year and time for a new challenge! For those of just joining in you can read the first thread HERE. Just a quick recap, I attempted this challenge last year and grew a $100 account to over $5k before doing some stupid shit and blowing the account. I think I've learned a lot over the last year with managing risk and emotion, and I've also made some changes to the strategy I will use. Basically the approach is to start with $100 and target...

OK
  • #3
  • Jan 11, 2021 3:00pm Jan 11, 2021 3:00pm
Profit must be >5%, like 5%+spread/swap/commission.

Wish you good luck!
Observer effect
  • #4
  • Jan 12, 2021 3:25am Jan 12, 2021 3:25am
Good morning.

I would like to throw my "panty into the ring". Couldn't you

just attach the TE of all those involved to the thread?
Threesome Daddy
  • #5
  • Jan 12, 2021 6:00am Jan 12, 2021 6:00am
Quoting SingaRich
Good morning. I would like to throw my "panty into the ring". Couldn't you just attach the TE of all those involved to the thread?
Hi SingaRich, I think there is a limit on how many TE can be linked to a thread.

I could add their TE link to the first post if they wanted to and make a list of participants.
Truth is like poetry. And most people f*cking hate poetry.
  • #6
  • Jan 12, 2021 6:38am Jan 12, 2021 6:38am
It was a good start to the week adding +16% to the account.

I saw a good opportunity to buy GY and it paid off overnight. In hindsight I could have got a lot more, but I had my target set and hit it.
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Truth is like poetry. And most people f*cking hate poetry.
  • #7
  • Jan 12, 2021 9:04am Jan 12, 2021 9:04am
Banked on the long of the UJ and have now turned to scalp sell.

please add my TE to this thread as I believe you can't OutScalpMe
Threesome Daddy
  • #8
  • Jan 12, 2021 11:18am Jan 12, 2021 11:18am
Quoting SingaRich
Banked on the long of the UJ and have now turned to scalp sell. please add my TE to this thread as I believe you can't OutScalpMe
Your tone implies that this is some kind of competition as you say I can't out scalp you? I think you have the wrong idea of this thread and maybe its not for you. I'm in competition with no one but myself and by looking at your profile and thread it looks like you want to compete with scalpers and that's fine, but this thread is not the place for that.

This thread is a trading challenge to make $409k from $100 not a competition to see who's the better scalper, besides I don't scalp trade either so perhaps I think its best for you to keep to your thread competition and I wish you good luck.
Truth is like poetry. And most people f*cking hate poetry.
  • #9
  • Jan 12, 2021 11:43am Jan 12, 2021 11:43am
Quoting mrdfx
{quote} Your tone implies that this is some kind of competition as you say I can't out scalp you? I think you have the wrong idea of this thread and maybe its not for you. I'm in competition with no one but myself and by looking at your profile and thread it looks like you want to compete with scalpers and that's fine, but this thread is not the place for that. This thread is a trading challenge to make $409k from $100 not a competition to see who's the better scalper, besides I don't scalp trade either so perhaps I think its best for you to keep...
Singarich is a longstanding troll. Avoid him/her.
Cheers.
Trade to trade another day
  • #10
  • Jan 12, 2021 1:41pm Jan 12, 2021 1:41pm
Thanks for subbing guys, please do join in if you can as well and lets make some life changing money this year.
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Truth is like poetry. And most people f*cking hate poetry.
  • #13
  • Jan 13, 2021 5:58am Jan 13, 2021 5:58am
It doesn't take long before one bad apple comes along, I guess this is to be expected in a public forum like this.

SingaRich you clearly did not read the first post properly and you not really interested in this challenge so its best for you to go elsewhere. Bye.
Truth is like poetry. And most people f*cking hate poetry.
  • #14
  • Jan 13, 2021 8:03am Jan 13, 2021 8:03am
Jumping in, though I am starting with $200. Does that work? My trading explorer is public
Stop fighting, let it go......you will be surprised..
  • #15
  • Jan 13, 2021 9:06am Jan 13, 2021 9:06am
Quoting HereNow
Jumping in, though I am starting with $200. Does that work? My trading explorer is public
Hi HereNow, sure you can, welcome and good luck!
Truth is like poetry. And most people f*cking hate poetry.
  • #16
  • Jan 13, 2021 2:26pm Jan 13, 2021 2:26pm
Good luck, I'm trying to do a similar thing, but starting with 100k FTMO account.

Why not flip $100 to $250, then Trade at FTMO challenge?

Then, you can withdraw from FTMO, and compound personal account.

All the Best,

Philip
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.3%
  • #17
  • Jan 13, 2021 2:59pm Jan 13, 2021 2:59pm
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?
  • #18
  • Jan 13, 2021 3:44pm Jan 13, 2021 3:44pm
So good to see you're starting again! Your first thread inspired me a lot to be a better trader. Thanks for that!
I decided to finally jump in as this is going to be a great opportunity to be a more disciplined, accurate and rational trader. My goal is to master this craft. Money will just follows it.
I'll start with a $50 account and link a TE.
  • #19
  • Jan 14, 2021 6:36am Jan 14, 2021 6:36am
Quoting Phil_GMT
Good luck, I'm trying to do a similar thing, but starting with 100k FTMO account. Why not flip $100 to $250, then Trade at FTMO challenge? Then, you can withdraw from FTMO, and compound personal account. All the Best, Philip
I'm already trading with FTMO from last year.
Truth is like poetry. And most people f*cking hate poetry.
  • #20
  • Jan 14, 2021 6:37am Jan 14, 2021 6:37am
Quoting HRTrading
{image}
Great results, but why do you hide so many stats?
Truth is like poetry. And most people f*cking hate poetry.
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