Taking my $50 account to Consistency & Prosperity w/ 1,000 Trades

I've recently started my trading journal here on FF - Precision Trading - My Journey to Consistency (GBPUSD & US30) but I will be discontinuing this thread since I am changing my goal now from showing my actual trades like before and after charts but this time I will just be focusing to take high-quality trades to grow my account to endless possibilities. I am not setting a profit target because I will not focus on making huge profits but instead, I will just be focusing on my trading process and stick with it to take money out of the market and simply grow my trading account on a consistent basis. No get-rich mindset here because that's one of the greatest pitfalls to trading error. I will only take what the market is offering to me and close my trades if I have a decent profit.

To make it more interesting, I attached the trade explorer of my $50 account with full transparency and not just cherry-pick the trades to post which most people do.
Some people even bother posting their spreadsheets to do status reports of their trades, for me that's just rubbish because it leaves room for possible manipulation.
I am here for full transparency and to be responsible for all the trades I will take and will do my best to only focus on making decent returns.

Trades #1 & #2:



These are the very 1st 2 trades that I took last week, Friday after I deposited my $50 which is the account that I added here on my trading explorer as proof of transparency for this journey. Because I am here to prove that it does not matter how much you start your capital but as long as I apply correct risk management and follow my trading plan, the possibility of growing this account is inevitable.


Result: $50 + $8 = $58

Nice Idea

Yep. Thanks.

Best to show full transparency. If it's losing, then so be it. If it's winning, then the better. At least we don't get to cherry pick the trades which most people do to just show that their profitable, but in reality, most are not.

Trades #3 to #18:






Now this is a shame.... This is an example of an overtrading individual. I made 16 trades in just one day which is a sign of struggle because I tried to make up for the losses that I took at the early stage of the day. I need to stay away from doing this in order to have a way better and more relaxing trading session. If I got a losing trade, would stop right away and wait for the following day. It's tiring to generate a lot of trade just to avoid a losing day. I'd rather have a small loss, small win and big wins rather than over-trading. Another lesson learned..

I know this is not a good example, but I'd rather be real and true to myself instead of being a fake and hiding this mistake under the rug.
I'd rather tell the truth to myself, learn from my mistakes, and acknowledge it so I can fix it.


Result: $58 + $2= $60

Trades #19 to #33:




Another day with more trades because I made a total of 15 trades from the Asian session to the NY session after the Red News event.
Missed selling Gold and other XXXUSD pairs such as EU and GU. But was able to capitalize and get decent profits on US30 and Nas100.
So, still a great trading session.


Result: $61 + $32= $93

Trades #34 to #49:






Now this is a big drawdown and I have to admit that I felt bad about this because emotions were all over the place. But in this session, after taking a huge loss. I learned that I am exhausting myself too much from trading almost the entire day which is starting from the Asian session all the way to the NY session. Overly obsessed with trading almost all day every day can be very tiring and I believe I made wrong decisions. So in order to solve this issue, I am removing a lot of pairs that I will be trading and will just be focusing on very few pairs to have a more relaxed time instead of managing a lot of running trades which is very tiring.


P.S. Even though this is painful, I am still posting this to take responsibility on my actions and fix this error in behaviour for me to still succeed in the long term.



Result: $93 - $41 = $52

Trades #50 & #51:






Made a small profit for these two trades without hitting the target.
I closed my trades because I came up with a better idea.
Instead of trading a forex broker account in IC Markets.
What I will be doing is going out and buying a prop firm challenge account worth $50 or $49 to be exact at Funded Next and I will see how far I can go from there.

The plan is simple, pass the challenges and get a payout on the 1st smallest Funded Next account and I will scale up from there by taking the payouts that I will get from Funded Next and buying a bigger challenge account then get another payout again to be able to have multiple funded accounts by getting consistent payouts monthly.

If it's possible to connect the trade explorer of Funded Next here, I will do so. Because I also saw the server of FTMO that can be connected here. So I hope Funded Next is also available on the drop-down list for me to show full transparency and resume with my TRADE # 52....


Result: $52 + $2 = $54

Now, I've purchased a $6,000 Account under Prop firm for the amount of $49.

So, this is the plan, using $49 capital and let's see how much we can generate from this amount using the power of prop firms...

Will resume my trade #52 on this FRESH FundedNext Account.

Trades #52 to #54:




1st 3 trades on this FundedNext Challenge account last Friday were 1 small loss and 2 breakevens.


Result: $6000 - $56 = $5944

Trades #55 to #75:





These trades were executed yesterday and today but closed during the Asian session.
Closed prematurely but what's important is I'm back on positive territory.
I can always re-enter later when I get a better opportunity.

But after trading on the London and New York sessions, from positive territory, I've gone to negative territory.
I learned my lesson for this one today and will solely focus on trading the New York session so I don't have to look at the market the entire day and be tired when the New York session starts so I can still have time and energy to execute correctly.
And will focus on US Indices to drop all FX pairs.

Result: $5944 - $83 = $5861

Trades #76 to #84:






I have fewer daily trades now. From 20 it became 9 trades in one day but still got bigger losses.
I will try to trade one pair at a time, instead of trading 3 US Indices in the same direction.
I will just choose the best 1 out of 3 and take that so I can minimize losses if I am wrong instead of losing on the 3 indices simultaneously, which is very not good.

Hoping to get better results moving forward so I can get to positive territory again.

Result: $5861 - $177 = $5684

Trades #85 to #90:





Finally was able to close the day positively and I was able to cut down my # of trades from 9 to 6 and was able to just focus on US30 this time.
I believe choosing 1 pair can lead to lesser risk if I am wrong but once I am right, I can get more profits.

So, will do my best to stick with this and trade US30 for intraday and just do a swing trade for FX pairs.


STILL Hoping to get better results moving forward so I can get to positive territory again.

Result: $5684 + $81 = $5766

Trades #91 to #95:







For these 5 trades, these were all taken on Friday, Feb 23rd. But one sell trade remained open on the weekend and I just closed it for a small profit today, Monday, Asian session.


Result: $5766 - $79 = $5687

**Now I opened one trade which is still running and is not included in this because there is no result yet for that one.**