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Self funded vs prop firm… truth behind it

  • #161
  • Jan 10, 2024 6:34pm Jan 10, 2024 6:34pm
Quoting france001
{quote} give my momey back {image}
recover a little
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  • #162
  • Jan 10, 2024 6:38pm Jan 10, 2024 6:38pm
Quoting navk
Not so good day to my capability. Why I say so ? Have gone into floating DD early in asia. Having said... i met target profit today {image}
Absolutely remarkable! You consistently complete your tasks each and every day. Without a doubt, you are on track to achieve your ultimate goal. Congratulations!
  • #163
  • Jan 10, 2024 6:42pm Jan 10, 2024 6:42pm
Quoting mastersplint
{quote} Try to add a few more rules to your trading plan Daily dd max allowed, Daily target, if you go past daily target becasue the setup presented itself. Dont allow a loss to be greater then you going below daily target. Example: You have a killer trade. You aim for 30$ a day. you hit 50$ from a trade. Lower your risk if you keep trading and only allow you to risk $20 from the 50$ profit... or leave it all together and be happy with it. Also track track track! the more you find out about yourself with trading the better. Like Tom Hougaard found...
Thank you so much for your valuable advice. You are absolutely right; you've pinpointed my main issue, which is not strictly adhering to the rules
  • #164
  • Jan 11, 2024 2:54am Jan 11, 2024 2:54am
Quoting mastersplint
Slow n steady. Didnt trade much today. Just took 2 smaller trades. Was busy with other stuff {image}
You Sir are a Beast!
// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #165
  • Edited 4:42am Jan 11, 2024 3:24am | Edited 4:42am
LO is done.

Today target profit met.
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Intraday only.
  • #166
  • Edited 8:55am Jan 11, 2024 8:24am | Edited 8:55am
Quoting navk
LO is done. Today target profit met. {image}
Almost at account double target already!
Imagine doing this same model when you hit 100k.... youll be able to double an account within a month
Its actually crazy the growth you can have.
I think Tom hougaard had crazy returns last year as well. He does like 100k into a few million or some shit.

We just have to take away the fear and know how to handle the profits that will come
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #167
  • Jan 11, 2024 8:26am Jan 11, 2024 8:26am
Snagged the sell off during CPI on GU.
Was lower risk trade due to news. I dont like to trade CPI generally as it tends to be wild!
Done for the day.
Maybe time to increase lot size on my trades. Still using same lots and risk from $200
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #168
  • Jan 11, 2024 8:27am Jan 11, 2024 8:27am
Quoting SirOrigami
{quote} You Sir are a Beast!
We are all beasts!
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #169
  • Jan 11, 2024 10:06am Jan 11, 2024 10:06am
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// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #170
  • Jan 11, 2024 1:46pm Jan 11, 2024 1:46pm
Quoting The-Flipper
{quote} For a trader with edge it's definitely doable in a couple of months.

Or in a couple of years, if you want to go in safer way so nobody says you're gambling. But I totally agree.
KubinFX Trading
  • #171
  • Jan 11, 2024 3:19pm Jan 11, 2024 3:19pm
Quoting Misenti
{quote} Or in a couple of years, if you want to go in safer way so nobody says you're gambling. But I totally agree.
Did you see Tom Hougaard Profit from last year on his scalp account?
He grew it im pretty sure a few 1000%.

We are just trained to think its not doable. Especially when most you see do that are scammers. Real traders with those gains stay in the dark.... unless they are paying it forward and teaching others.

The mind is a powerful place. Mastery of the mind is first step needed to take over the charts.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #172
  • Jan 12, 2024 7:48am Jan 12, 2024 7:48am
I am sick, I am not trading. Been to my Family physician.
Intraday only.
  • #173
  • Jan 12, 2024 7:50am Jan 12, 2024 7:50am
Quoting navk
I am sick, I am not trading. Been to my Family physician.
Hope you get better quickly
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #174
  • Jan 12, 2024 7:50am Jan 12, 2024 7:50am
Wasnt going to trade today. Ended up taking a small buy on GU spike and a small sell on GU drop lol
I dont like news trading so I kept it way lower risk.
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #175
  • Jan 12, 2024 9:36am Jan 12, 2024 9:36am
Quoting navk
I am sick, I am not trading. Been to my Family physician.
get well soon, you cant buy health;-)
trading is like dancing, don't think and just listen to the music!
  • #176
  • Jan 12, 2024 10:42am Jan 12, 2024 10:42am
Quoting navk
i am sick, i am not trading. Been to my family physician.
get well...pls spend time with wife it fast cure
MY OPINION NOT FINANCIAL ADVISE
  • #177
  • Jan 12, 2024 3:44pm Jan 12, 2024 3:44pm
Got caught chasing pips today.
Took a small loss.... just 5% loss. First negative day in 2 weeks. Had a good run
See you guys next week
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #178
  • Jan 12, 2024 4:02pm Jan 12, 2024 4:02pm
My Pre CPI, CPI, and after CPI trade. 3 out of 3, for a total of 25% increase.
a bit trigger happy on the last trade before it hit level, so closed out early also to relieve the pain.. lol
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// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #179
  • Jan 12, 2024 4:13pm Jan 12, 2024 4:13pm
I forgot to post equity
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// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #180
  • Jan 14, 2024 8:12pm Jan 14, 2024 8:12pm
I did very early my daily target.

I may not trade rest of the day and NY morning as I am just recovering from my sickness.

Tomorrow morning, I have lab tests planned.
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Intraday only.
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