Breaking my comfort zone

I have been studied FOREX trading for around 7 years. Started trading profitably around 1.5 years ago. My average monthly profit is around 8-15%. With my current Equity, it only enough to pay monthly expenses and a small left over to be saved in my bank account as emergency fund.

I know my trading can cover my monthly expenses, but I also have some goals in my life that somehow difficult to achieve at my current pace. I currently live in my small comfort zone and I feel that I need to challenge my self to break this zone, so I could reach my goal faster.

At several demo trading competition, I was able to gain 100-300% gain during 1 month. It was a risky way of trading by risking 10% equity each trade. Surprisingly, I able to do it several times. Based on that, I want to implement those way of trading to my live account, but I will do it gradually.
I will challenge my self to do it on demo account for 1 month first, then move on to a small live account. If everything goes right, I will do it on main account.
The first goal is 100% gain within 1 month on demo account. 2nd goal is 100% gain on small live account, then 3rd goal is doing it on my main live account.

My trading method evolved across many great thread I found on FF. The first thread I studied deeply is here . Although my trading is not exactly as the same, it still consist the very core principle of that thread. (Thank you for your teaching Sho). Another thread that influence me are : here and here. Too bad all those thread are dead by now.

I trade from D1, to M15 chart, with multiple pairs(28 pairs). RR ranged from 1:1 to 1:2, based on the setup. I create a demo account with TE attached to this thread to start the first stage of my challenge.

And the 1st stage started by TODAY.

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Update :
1st attempt result

good luck pipmunks, will follow to see some of your trades....but why not risk 5% and gain 50-150%? compounded you'd still be rich in no-time.

From what I read above, I believe you need to improve your R:R ratio so something like 6:1.
Only then will you overcome the fear of losing that is dominant in your thinking.
If you are consistently profitable, you should be able to do this.
Once you achieve this, you can start trading from your profits and protect your capital.
Then you can start taking larger positions and start to escalate your results more quickly.
Cheers, H

If I have a system that be able to turn 5% risk into 50-150% gain each trade, ofc I'll rich in no time. Unfortunately, I don't have that kind of holy grail. So I have to stick with things that I have right now. Thank you for your words Kraven, and good luck to you too.

Thank you for visiting my journal Aich. I have been trying to improve the RR better than 1:2, but alas it don't suit my personality. I can't stand to see my trade goes 3 or 5 times initial risk, only just to see it end in loss or BEP. Been trying that several month, and it cut off my consistency a lot. Some month I gain much more, some month I even can't reach my monthly goal. Because I need to pay bills monthly just from my trading, so I have to be more consistent every month. So far, my RR profile & method works well for me.
But if you can show me a way to improve R:R with consistent result, I'm all ears.

There is no technical way to improve your R:R but by backtesting you should be able to map your exits and see what would have happened if you stayed in. You should be able to see a pattern where a 4:1 or 5:1 result is consistently achievable.
Alternatley, set a hard target on your trading ticket. Start at 3:1. Increase to 4:1 if this is successful, etc.
Essentially you make a plan and work towards it.
That's what life is about after all.
If you are reliant on trading to survive at this stage, you are doing it hard. I suggest reducing your trading hours and getting a part-time job to keep going.

I'll rephrase how i put it. you said 'At several demo trading competition, I was able to gain 100-300% gain during 1 month. It was a risky way of trading by risking 10% equity each trade.'
So go for 50-150% per month by risking 5%.

Oh, I thought you was said gain 50-150% in just 1 trade by risking 5%, that would've be a holy grail.
Risking 5% to gain 50-150% is quite reasonable I think.

a few charts and explanations would be nice nice

1st attempt failed due to undisciplined action that I wouldn't do in Live Account.
Place several trade before and after News release, especially on Friday US Session.


Re-create a new account to start 2nd attempt.

Buy trade on NZDUSD H4, based Bullish Engulfing. Result : loss.

Price may go up again & the stoploss maybe too tight on this trade.

EURUSD buy position. Result : win 1R.

Daily engulf candle within uptrend.