[Journey] From $0 to getting funded in $1M with a prop firm
- Thread starter Raccon
- Start date
zerrith123
Newbie
- Sep 3, 2023
- 7
- 2
Trading while stressed or sad is hard. Make sure you have a decent trading system.
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
Trading Day #3
If you keep an eye on the markets you probably already know that GBP made a nice move. Yes, I thought it would dump and it dumped. No, I didn't participate in that move.
As I missed the Asian session again, the next focus was on GBP in the London session. I saw how it took liquidity and was anticipating a bounce. I had some issues offline and decided that I wouldn't take the long and would open a short position later that day. When I got back, I saw that crap dumping another 0.54%.
I've tried to scale in aggressively before the US open but placed too tight stops on a second entry. Result: another breakeven day.
I'm so fucking pissed on myself.
If you keep an eye on the markets you probably already know that GBP made a nice move. Yes, I thought it would dump and it dumped. No, I didn't participate in that move.
As I missed the Asian session again, the next focus was on GBP in the London session. I saw how it took liquidity and was anticipating a bounce. I had some issues offline and decided that I wouldn't take the long and would open a short position later that day. When I got back, I saw that crap dumping another 0.54%.
I've tried to scale in aggressively before the US open but placed too tight stops on a second entry. Result: another breakeven day.
I'm so fucking pissed on myself.
Even if I would have results from regulated companies (which I never traded in my life) you still can't beat a 90/10 profit split which most of the prop firms offer.
DavidG1510
Banned - Multiple Rules Violations
- Jun 28, 2023
- 1,468
- 645
Because they are all Market Makers. And there for Scammers.
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
Trading day #4
I've watched a couple of videos from Hougaard about aggressively adding to position and tried to adjust my risk profile moving it to 1%. I would say that today was a good day because it was a new experience and practice. However, I've lost all my gains and went into drawdown. The risk is back to 0.5% again.
I've watched a couple of videos from Hougaard about aggressively adding to position and tried to adjust my risk profile moving it to 1%. I would say that today was a good day because it was a new experience and practice. However, I've lost all my gains and went into drawdown. The risk is back to 0.5% again.
ashish2112
Regular Member
- May 1, 2018
- 336
- 71
Nice bro,
I'm currently on tft 100k phase 2
Currently, down 2% and current trade in loss so add another -1% there
Good luck for your journey
I'm currently on tft 100k phase 2
Currently, down 2% and current trade in loss so add another -1% there
Good luck for your journey
ashish2112
Regular Member
- May 1, 2018
- 336
- 71
I think prop are good way to raise capital for personal account
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
Trading day #5
Experiments with adding to the position are cool, but when you make a couple of profitable trades at the start of the day and give it all back at the end you feel like shit.
And the thing is that I'm already behind so I need to risk more. This won't end well most likely, but I will try to make it. Anyway, such competition is a great way to test some new ways to look at risk management.
Experiments with adding to the position are cool, but when you make a couple of profitable trades at the start of the day and give it all back at the end you feel like shit.
And the thing is that I'm already behind so I need to risk more. This won't end well most likely, but I will try to make it. Anyway, such competition is a great way to test some new ways to look at risk management.
Good luck with your challenge, mate
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
Trading day #6
Still can't find an optimal way to add to the winning position. Went into tilt after the price didn't hit my TP by a few pips and got back, but managed not to increase risk. I'm down 1.5% more and need to do serious homework on a weekend.
Still can't find an optimal way to add to the winning position. Went into tilt after the price didn't hit my TP by a few pips and got back, but managed not to increase risk. I'm down 1.5% more and need to do serious homework on a weekend.
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
Trading day #7
Got a little bit rekt in the second half of the day because of my bearish bias on GBPUSD (looks like it wants to print a swing low). Anyway, still managed to save some profits made in the London session.
If today GBPUSD will close on a daily above 1.25150 then I will look for some aggressive longs (and probably will give away all the profits again haha).
Got a little bit rekt in the second half of the day because of my bearish bias on GBPUSD (looks like it wants to print a swing low). Anyway, still managed to save some profits made in the London session.
If today GBPUSD will close on a daily above 1.25150 then I will look for some aggressive longs (and probably will give away all the profits again haha).
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
Trading day #8
The previous day was so intense that I became fully exhausted, and went to sleep for 9 hours. I've got a feeling that the market hunts for my stop-losses but my strategy works and slowly drags me from drawdown.
All the problems start when I experiment and add more to the position. But without adding more, I won't win.
... 13 trading days left...
The previous day was so intense that I became fully exhausted, and went to sleep for 9 hours. I've got a feeling that the market hunts for my stop-losses but my strategy works and slowly drags me from drawdown.
All the problems start when I experiment and add more to the position. But without adding more, I won't win.
... 13 trading days left...
- Apr 27, 2016
- 5,490
- 2,271
Good luck.
- Jun 22, 2015
- 477
- 187
Interested to see progress
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
Trading day #11
I never thought this would happen, but today I made a HUGE mistake. I took a significant loss on my evaluation account because I haven't spotted I'm logged in. Usually, I start trading from a competition account, and on both of them is activated "One-click trading".
As a result, I've risked 10x more on my main account.
When I spotted this the damage was already done.
Result: down bad on a personal account, down another couple % on tournament account. Will re-evaluate my plan for this journey on the weekend.
I never thought this would happen, but today I made a HUGE mistake. I took a significant loss on my evaluation account because I haven't spotted I'm logged in. Usually, I start trading from a competition account, and on both of them is activated "One-click trading".
As a result, I've risked 10x more on my main account.
When I spotted this the damage was already done.
Result: down bad on a personal account, down another couple % on tournament account. Will re-evaluate my plan for this journey on the weekend.
Raccon
Regular Member
- Dec 18, 2010
- 396
- 110
I failed miserably. I didn't break the rules but it was close tbh.
The rumors that there will be no competitions in October have been confirmed, so this journey is temporarily on pause.
Still have a goal to get funded, but no funds to buy a challenge. Will continue this topic when I get at least 1000$ for a challenge.
The rumors that there will be no competitions in October have been confirmed, so this journey is temporarily on pause.
Still have a goal to get funded, but no funds to buy a challenge. Will continue this topic when I get at least 1000$ for a challenge.