$10 account challenge all the way up to $100,000 by Forexer | Page 2 | Forex Factory

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$10 account challenge all the way up to $100,000 by Forexer

  • #21
  • May 25, 2022 5:45am May 25, 2022 5:45am
Hello fellow traders,

Today's trades are interesting and were taken in a blink of an eye as a good liquidity was building up and a decision had to be taken so fast to ride on the early GBPUSD selling position.

Today's lesson :

1 - Trade the liquid trade don't go for slow and illiquid moves always take the powerful pairs movements.

Thanks
Trade well.
I always knew that someday I would make it big
  • #22
  • Edited 10:49am May 26, 2022 8:09am | Edited 10:49am
Hello traders,

I went long EURUSD this morning on a confirmed momentum signal combined with an increasing liquidity in the market , the signal has been triggered when volume indicators met the setup entry rules .

4.5% return has been achieved today ,not bad to keep motivation alive.


Lesson learned :


1 - consistency pays off ,being consistent in trading makes you win the game in the end, so be the trader you always wanted to be.


Wish you the best luck trading profitabily .

Thanks.
I always knew that someday I would make it big
  • #23
  • May 26, 2022 10:52am May 26, 2022 10:52am
Hi Forexer. Thanks for the thread. It's very inspirational

If i may ask. You have more than 1 strategy at play here right?
I was looking at some trades and i seemed to spot at least 3 strategies, a break and retest of a level, a perfect head and shoulders where you enter on the right shoulder and a break of a level and entering on the momentum of that break.

Am i close to guessing some of your entry criteria's?
  • #24
  • Edited 4:55pm May 26, 2022 2:45pm | Edited 4:55pm
Quoting Kalevra
Hi Forexer. Thanks for the thread. It's very inspirational If i may ask. You have more than 1 strategy at play here right? I was looking at some trades and i seemed to spot at least 3 strategies, a break and retest of a level, a perfect head and shoulders where you enter on the right shoulder and a break of a level and entering on the momentum of that break. Am i close to guessing some of your entry criteria's?

Hello Kalevra,

Thanks for your question about my strategy .

No , you get it wrong about the setup used in my strategy , my strategy is very simple I'm not using any kind of patterns or breakout strategies ,simply I'm using liquidity analysis along with market timing with simple technical indicators such as Stochastic occilator and momentum indicators.

It's no secret that I'm using hybrid systems but i cannot reveal it in detail here as doing that would shift away from the main purpose of the thread.

I recommend all traders who are following my strategy to keep close eye on my trade explorer as it can expose alot about my strategy and would be a rich inspirational experience for all here

Thanks
Happy trading.
I always knew that someday I would make it big
  • #25
  • May 27, 2022 10:01am May 27, 2022 10:01am
Hello traders,

The 10$ challenge account has just suffered a massive drawdown due to bad interpretation of EURUSD long signal which forced me to stop trading and analysing market altogether.

As i said before this thread's main goal is a motivational and a lot of obstacles ahead of us as drawdown and losses are part of the game.

Im going to trigger a highly advanced money management strategy to handle this drawdown as losses occured already.


Lesson learned:

Emotional trading is the worst enemy you have ever had so you have to control your emotions.

Thanks
I always knew that someday I would make it big
  • #26
  • Edited 3:47pm May 27, 2022 10:32am | Edited 3:47pm
Quoting forexer
Hello traders, The 10$ challenge account has just suffered a massive drawdown due to bad interpretation of EURUSD long signal which forced me to stop trading and analysing market altogether. As i said before this thread's main goal is a motivational and a lot of obstacles ahead of us as drawdown and losses are part of the game. Im going to trigger a highly advanced money management strategy to handle this drawdown as losses occured already. Lesson learned: Emotional trading is the worst enemy you have ever had so you have to control your emotions....
Hi Forexer,
I just wanted to say thank you sir, for sharing your actual trading so openly. Very few people here will share both their wins and losses and many times we learn more from our losses than from our gains.
I am looking forward to whatever insights you should choose to share here, and I wish you nothing but the best!
Andy
“The waiting is the hardest part” Tom Petty
  • #27
  • May 27, 2022 2:38pm May 27, 2022 2:38pm
Quoting SirViver
{quote} Hi Forexer, I just wanted to say thank you sir, for sharing your actual trading so openly. Very few people here will share both their wins and losses and many times we learn more from our losses than from our gains. I am looking forward to whatever insights you should choose to share here, and I wish wish you nothing but the best! Andy

Hello SirViver,

Thanks for your encouraging words ,this would give me a powerful push to do my best .

Yes I'm sharing the real world of trading , i wouldn't hide anything ,my journey is going on , it's a challenge but it's not a challenge for me alone , because we all face the same challenge in our daily trading so i hope my challenge gives you the inspiration needed to move forward to the goal ,to come true your dreams and never go back .

I'm going to open all the details for a while in my trade explorer for further analysis for you to get a clue about my strategy.

My challenge is meant to manage losses and drawdown in the first place ,cause losses are happening and will be happening in future .

Hopefully you all enjoy my journey as my account is heading towards target.

Any questions are welcome.

Thanks.
I always knew that someday I would make it big
  • #28
  • May 30, 2022 5:39am May 30, 2022 5:39am
Hi, Give your valuable comments and live trades if you are trading in XAUUSD
https://www.forexfactory.com/thread/...5#post14015655

Safe Trading
  • #29
  • May 30, 2022 6:37am May 30, 2022 6:37am
Quoting Profit1986
Hi, Give your valuable comments and live trades if you are trading in XAUUSD https://www.forexfactory.com/thread/...5#post14015655 Safe Trading
Hello Profit1986,

Thanks for sharing your live XAUUSD trading ,i would be happy if i can give my own live call in your thread .

I appreciate your invitation.
Thanks.
I always knew that someday I would make it big
  • #30
  • May 30, 2022 6:55am May 30, 2022 6:55am
Quoting forexer
{quote} Hello Profit1986, Thanks for sharing your live XAUUSD trading ,i would be happy if i can give my own live call in your thread . I appreciate your invitation. Thanks.
Dear you are most welcome
  • #31
  • May 30, 2022 10:45am May 30, 2022 10:45am
Hello traders,

At the beginning of the new trading week, I managed to book 11.3% daily return as the account suffered a massive drawdown last friday due to elevated sudden volatility in the market.

I've been watching the market for a good opportunity to get in and I bought EURUSD as liquidity picked up with increased momentum only to close it in few minutes.

Lesson learned:

Don't rush to trade ,be patient you will be rewarded by the market for being patient.

Be disciplined ,set a maximum daily drawdown to stop trading just in case you hit the maximum daily losses.

I wish you the best luck .

Thanks
I always knew that someday I would make it big
  • #32
  • May 31, 2022 8:22am May 31, 2022 8:22am
Dear traders,

Good news about the 10$ account challenge today as a momentum building and I'm about to buy the GBPJPY dip.

An update:

GBPJPY buying positions have been activated and in play.

I'm gonna keep you updated .

Thanks for following my challenge.
I always knew that someday I would make it big
  • #33
  • May 31, 2022 9:41am May 31, 2022 9:41am
Hello traders,

Important updates:

All GBPJPY long positions have been closed with a 87% daily return in all time high daily profits since starting the 10$ account.

Thanks.
I always knew that someday I would make it big
  • #34
  • Edited 11:13am May 31, 2022 11:01am | Edited 11:13am
Dear traders,

Buying dip in an impressive sterling trade has been taken this morning as momentum built with a massive liquidity picked up significantly in NY London sessions overlap .

After a deep through Quant and momentum analysis, I have taken a decision to buy GBPJPY aggressively on a confirmation generated by technical along with volume indicators which was a real buying opportunity to ride with a steel heart and courage.


It's worth mentioning that my 10$ account challenge suffered a massive drop in equity last Friday after a bad managed trade causing a painful losses which prompted me to trigger a contingency risk management plan and stop trading in a tactical action to stop account 's losses bleeding .


Lesson learned:

Proper risk management is key ,so don't underestimate it at all cost ,risk management is not the same as money management so you have to know how to tell the difference and use each one accordingly.


Trading with the direction of the trend pays off in the long run and gives your trade a second chance to survive.

Trade well.

Thanks.
I always knew that someday I would make it big
  • #35
  • Jun 1, 2022 10:53am Jun 1, 2022 10:53am
Dear traders,

My 10$ challenge account is having a massive selling pressure and it's getting closer to liquidation and a highly likely triggers a margin call.

Im doing my best to save the account and i have taken many steps to deal with this situation.

Thanks
I always knew that someday I would make it big
  • #36
  • Jun 1, 2022 10:58am Jun 1, 2022 10:58am
Dear traders,

Unfortunately,my account is in danger and im handling the selling wave against my trades .

I hope we can get out of this enormous GBPJPY selloffs safely.

Im gonna keep you updated.

Thanks
I always knew that someday I would make it big
  • #37
  • Jun 1, 2022 11:06am Jun 1, 2022 11:06am
Dear traders,

Unfortunately,my account is in danger and I'm handling the selling wave against my trades by triggering an urgent contingency risk plan to avoid imminent liquidation as the account approaching margin level.

I hope I can get out of this enormous GBPJPY selloffs safely.

I'm gonna keep you updated.

Thanks
I always knew that someday I would make it big
  • #38
  • Jun 1, 2022 3:17pm Jun 1, 2022 3:17pm
Dear traders,

Stop loss orders have been activated and got out with losses after a massive drawdown today , as a result i had to take 13% losses out of the total account balance .


The account was diving down with a selling pressure and managed to save it from being liquidated due to margin call potential.


Lesson learned

Using stop loss with every single trade is crucial for successful trading.

Thanks
I always knew that someday I would make it big
  • #39
  • Jun 2, 2022 4:51am Jun 2, 2022 4:51am
Dear traders,

Today i resumed buying The GBPJPY with conservative style .

i have closed 2 long positions to book 6% return this morning.


Notice,:

I have withdrawn all the profits made since the Inception of the 10$ challenge account as a part of my risk management style to further controlling the greed and fear emotions .


Lesson learned:

Have a risk management in place and withdraw profits made in a regular basis to control the fear and greed emotions effect .

Happy trading.

Thanks.
I always knew that someday I would make it big
  • #40
  • Edited 2:47pm Jun 2, 2022 9:48am | Edited 2:47pm
Dear traders,

I have just closed all momentum long GBPJPY trades opened this morning with a robust 21% daily return.


Performance statistics of the 10$ challenge account:

1- Account is 18 days old .

2- Total return made since the account started 18 days ago is 407%.

3- All profits made since account incepted have been withdrawn in a regular basis.

4- Average daily return is 11% .

5- The account is traded and manged using aggressive momentum semi grid of a hybrid systems.

6- The account comes with a sophisticated risk management tactics to tame the market and protecting capital.

I'm gonna call it a day as the daily return is hit.

I wish you all enjoy watching my challenge account and be an inspiring experience for you all.

Any questions or comments are welcome.

Trade well.
I always knew that someday I would make it big
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