Took a loss on a 2nd short try.
First day of the Month, probably won't take more Trades.
First day of the Month, probably won't take more Trades.
At times like these the Market shows me that I still have stupid habits that I need to consciously attack.
After a large Move to the upside/downside I start get tunnel visioned on reversals.
"It totally makes sense here to make at least a pullback"
Today is a great example for that. (Yesterday too)
I welcomed short Setups with open Arms, but could not see the Long setup.
Despite the Daily timeframe being VERY BULLISH.
I only saw several Daily bullish Candles in a row and could only see reversal Trades.
I could have traded better this Week, if I was more open minded to longs.
After a large Move to the upside/downside I start get tunnel visioned on reversals.
"It totally makes sense here to make at least a pullback"
Today is a great example for that. (Yesterday too)
I welcomed short Setups with open Arms, but could not see the Long setup.
Despite the Daily timeframe being VERY BULLISH.
I only saw several Daily bullish Candles in a row and could only see reversal Trades.
I could have traded better this Week, if I was more open minded to longs.
- #70
- May 6, 2025 2:36am May 6, 2025 2:36am
- Joined Jun 2017 | Status: Trader | 2,079 Posts
MetaTrader 4 - so many advantages.
The Power of Compounding
Most traders severely underestimate the power of consistent compounding.
They waste their time trying to flip small accounts overnight.
They chase unrealistic 30R trades.
They over-leverage, over-risk, and rely on luck instead of skill.
In doing so, they teach themselves habits that destroy discipline — habits that are incredibly hard to unlearn.
And that damage? Often irreparable to their long-term success.
Let’s put things into perspective:
Year 1
Most traders severely underestimate the power of consistent compounding.
They waste their time trying to flip small accounts overnight.
They chase unrealistic 30R trades.
They over-leverage, over-risk, and rely on luck instead of skill.
In doing so, they teach themselves habits that destroy discipline — habits that are incredibly hard to unlearn.
And that damage? Often irreparable to their long-term success.
Let’s put things into perspective:
Year 1- Start with: €500
- Grow at just 1% per day
- Trade 252 days (1 full trading year)
End of Year 1:
→ €5,936.17
Already a 10x return. No flipping. Just consistency.
_____________
Year 2
- Keep going with the same approach.
- Let your profits work for you.
End of Year 2:
→ €140,512.20
That’s nearly 24x growth in just 1 more year.
_____________
Year 3
- Same rules. No over-risking. No chasing insane R-multiples.
End of Year 3:
→ €3,325,135.00
From €500 to over €3.3 million — by doing “just 1%” daily.
___
Take your Time. You may not have a big Capital right now, but you get one very quickly, if you just focus on consistency instead of focusing on how to make the most amount of money the fastest way possible.
- #74
- May 6, 2025 4:16am May 6, 2025 4:16am
- Joined Jun 2017 | Status: Trader | 2,079 Posts
The Power of Compounding Most traders severely underestimate the power of consistent compounding. They waste their time trying to flip small accounts overnight. They chase unrealistic 30R trades. They over-leverage, over-risk, and rely on luck instead of skill. In doing so, they teach themselves habits that destroy discipline — habits that are incredibly hard to unlearn. And that damage? Often irreparable to their long-term success. Let’s put things into perspective:
MetaTrader 4 - so many advantages.
Interesting approach, I will definitely be following your journey. I like that you show accountability and show what you struggle with, as well as your trades. This makes me want to open my own journey thread 
I had the opposite issue than you - I would just try to catch crazy RR instead of just closing at 1:2. It took me way longer than I care to admit to fixing that.
I had the opposite issue than you - I would just try to catch crazy RR instead of just closing at 1:2. It took me way longer than I care to admit to fixing that.
Interesting approach, I will definitely be following your journey. I like that you show accountability and show what you struggle with, as well as your trades. This makes me want to open my own journey thread
Anything higher than 2R and I would need to prepare some Diapers.
