Hello everyone! So... It's been over 3 years since I last attempted this challenge, and I'd like to think that over these last 3 years I've gained more knowledge and experience in trading, and I think that giving it another attempt will be both challenging and fun. 
For those of you joining in along for the ride, you can catch up on the last thread HERE. (https://www.forexfactory.com/thread/1052631-409k-challenge-part-2)
Just a quick recap: I first attempted this challenge back in 2020 and grew a $100 account to over $5k before doing some stupid shit and blowing the account. I then attempted it again in 2021, tried again, but failed, and then I have given it a rest until now.
Basically, the approach is to start with $100 and target +5% profit a day for 12 months (12 levels), and with the power of compounding, I should finish with $409k, but I've amended a few things now, targeting 20 pips a day making +10% a day, which should in theory get me to the finish line a bit sooner. I am using a completely new strategy for scalping Gold on M1 during the NY session. It's fast and busy, and I love it.
So guys, feel free to subscribe, follow along, or join in if you like, and let's 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 again. 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 be respectful, if not then I will have to remove you. Thanks.
For those of you joining in along for the ride, you can catch up on the last thread HERE. (https://www.forexfactory.com/thread/1052631-409k-challenge-part-2)
Just a quick recap: I first attempted this challenge back in 2020 and grew a $100 account to over $5k before doing some stupid shit and blowing the account. I then attempted it again in 2021, tried again, but failed, and then I have given it a rest until now.
Basically, the approach is to start with $100 and target +5% profit a day for 12 months (12 levels), and with the power of compounding, I should finish with $409k, but I've amended a few things now, targeting 20 pips a day making +10% a day, which should in theory get me to the finish line a bit sooner. I am using a completely new strategy for scalping Gold on M1 during the NY session. It's fast and busy, and I love it.
So guys, feel free to subscribe, follow along, or join in if you like, and let's 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 again. 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 be respectful, if not then I will have to remove you. Thanks.
Truth is like poetry. And most people f*cking hate poetry.
