You are right, when you are rich from trading you can hire a personal trainer and be like Chris Hemsworth
Sometimes this is what it feels like on Khan
Drunk on Power
With the challenge do you need to start only at the start of the month or you can start any day?
And you need to do one month with 8% and then the second month with 4%, right?
Anytime, as long as to keep the account active within 30 days.
No, as soon as you complete the 8% you can move on to 4%.
Nice man. I once had a month when I made my account grow by factor 10, then I was overtrading and then I was going to 50% of which I started before growing it by factor 10.
How did I do that? Just lucky, over-leveraging and the market moved in the right direction so I added position after position while pulling SL to BE. Was a nice accomplishment but way more trades than you and not relaxing at all. And since it was a lucky coincidence with the market conditions I could not repeat it any time after and I could not stay profitable with forex so I gave up on forex and moved to stocks.
Also had my experiences with a self built EA which was promising crazy results but issue with backtesting was that the spread is not consistent in the real market, so it can go to 30 pips around news events and kick you out.
But I have learned a lot during my forex trading years, paid a lot into the market for those lessons
Hope you guys have a lot more success than me.
And a lame joke to finish:
What is the favorite band of a trader?
Green Day!
This is the problem I guess with recon and everything. When I had those nice results like over 20% per month I was actually on washout. Right now through the cycle, I’ve got three QTKS customs almost 20 modules each.
Despite listening to each one only for 3 minutes and having two rest days in between I am really struggling rn. I have a feeling that my intuition is crap. Even in the same month, I had those nice percentages before, now I have bad results.
This is quite a problem because you will never know in the future on live trading when you will have bad days from a recon or good ones.
Very nice, I like it.
Slow and easy wins the race
I might bump up my risk from 1.5 % to 1.7% next week since it barely hits the4% daily drawdown.
So you are basically won the challenge if you continue with this pace
Oh yeah, Without a doubt
Nice
What currency pair is this?
Thanks.
EURUSD Jan 2022
Trying new timeframe. Prior to this, I was doing M15, this one is M1.
Have you ever tested H1?
Yes, I did. For me seems like a bigger timeframe fewer trades and a worse outcome in the end.
For some reason do not like the H1 timeframe.
That’s interesting
When I use Funded traded EA o m1 it failed really bad, but on H1 it racks up profit.
That’s why backrests are so important
It very depends on the type of strategy.
Mine is all about SD levels and a smaller timeframe you have more opportunities you have and can trade and use your edge with RRR 1:5 and more.
As you can see my winning rate is only 29%
SD levels worked great for me trading binary options, but the moment I went live, my emotions got the better of me.