My Prop Firm Strategy Testing Ground. - Investment (7) - Nairaland
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 5:04pm On Aug 11, 2023 |
WEEK 4 OF 200K CHALLENGE DONE. Profit Target met.... 93 pips profit... Closing balance 200k now 1.45% in profit.... 6k now 3.5% in profit 10k now 4% in profit.... We going slowly
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| Re: My Prop Firm Strategy Testing Ground. by richboy7(m): 8:35am On Aug 12, 2023 |
Donsheddy: Which Prop firm do you intend to register on? |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:04am On Aug 12, 2023 |
richboy7: Already working with fundednext and myfundedfx... But i would love myforexfunds too |
| Re: My Prop Firm Strategy Testing Ground. by richboy7(m): 7:00pm On Aug 12, 2023 |
Donsheddy: I too want to get started with any of them. Can I dm you pls? 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:10pm On Aug 12, 2023 |
richboy7: Sure |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:15am On Aug 14, 2023 |
WEEK 5.... Working with the plan we increase the lot size and risk a a bit so we using 1 lot this week.... Gbpusd was sold this morning 1 Like
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 2:49pm On Aug 15, 2023 |
Donsheddy: Stoploss picked... 46 pips loss... Never again will i hold trade over night 😂 1 Like
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:51pm On Aug 20, 2023 |
[b]So last week was tough. .. My winning got into my brain and i went against all my trading rules... . I ventured into over trading.... Greed got a better part of me ... Impatience became my second name... Thank God for risk management else i for don lose all my account... 6k dropped to 2.7% 10k dropped to 1.6% And i lost 1.3% on 200k ..... Well my brain don factory reset.... Lesson learnt.... I didn't factor in weeks that i won't be able to get my desired target that was the reason why i couldn't handle the losing streak properly when it came.... Well i don record the loss as say i don withdraw my last month profit and i dey hit the market afresh.... Will update my new trading plan..... So i just noticed that the number of times hit my tp which is 93 pips normally.... Its rare.... Most times just once a week sometimes none... And I noticed my pair averages 50 pips once it crosses a key level... That means i will now reduce my Rrr to 1:2... Secondly any week i start out with my sl picked.... My target for the rest of would be to recover the loss and nothing more.... And if i hit two losing streak for a week.... I stop trading for that week..... I wan force this discipline by force... So I'm giving myself 12 months time limit to get to live account.... No rushing.... My risk remain the same... Weekly target will now be 100 pips.... [/b] 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:41am On Aug 21, 2023 |
Happy New Week Guys.... Week 6 Gbpusd bought... Entry 1.27400 Sl 1.26960 Tp 1.28000 Rrr 1:1.3 1 Share
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:12pm On Aug 21, 2023 |
Donsheddy: Trade closed Manually With 15 pips profit
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:53am On Aug 22, 2023 |
Sold Gu today... Entry 1.27800 Sl 1.28250 Tp 1.27100 Rrr 1:1.5
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 3:44pm On Aug 22, 2023 |
Donsheddy: I don close shop today... Tomorrow is another day, 60 pips profit.. closed manually, market skipped my initial tp by 3 pips.....
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:22am On Aug 23, 2023 |
Impatience already costing me on this one... Didn't wait for market to enter my trap properly before striking... Im now paying heavily for it.... So this trade is at owners risk 27350 was my intended point of entry
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:37am On Aug 23, 2023 |
Donsheddy: take profit hit 53 pips bagged... Done for this week...
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:19am On Aug 24, 2023 |
Week 6 Done... Weekend Came Early .. 10k account 4.63% 6k account 4% in profit. 200k account 0.61 % in profit
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:15am On Aug 28, 2023 |
Week 6 Of Challenge Gbpusd sold this morning Entry 1.26015 Tp 1.25310 Sl 1.26450
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 1:12pm On Aug 28, 2023 |
Donsheddy: Moved sl to entry |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:42pm On Aug 28, 2023 |
Donsheddy: Trade Closed At Entry We Go Again Tomorrow.... No luck today 1 Like
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 2:09pm On Aug 31, 2023 |
Week 7 Done Made Alot Of Mistakes This Week But All Good Accounts Still Active.... Closing With 0.1% loss on 200k from last Week.... 200k now 0.5% in profit 6k now 5.5% in profit 10k now 5.4% in profit 2 Likes
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:13am On Sep 04, 2023 |
Happy New Week .... A little modification to the way i trade.... Did a lot of brain storming over the weekend and i came up with this..... The habit of sticking to rules no easy..... But i dey try..... After collecting datas each as i try and watch the market behavior.... I noticed gu rarely make 100 pips move after a move is clearly confirmed except you're lucky to get in before the build up.... Gu averages 60 pips...... That means i have to reduce my profit target for each day.... Secondly i was delete the habit of running away from the market everyday... I noticed the more i look at charts the more i learn.... So i will be trading everyday of the week as long as the market meets my criteria..... This is the number of pips i will hunt each day... Monday - 30 pips Tuesday - 50 pips Wednesday - 50 pips Thursday - 40 pips Friday - 30 pips Total -- 200 pips So this means i will reduce my risk a little bit.... Inorder to protect my psychology.... Thirdly any week i record loss on Monday and Tuesday the rest of the week will be focused on recovering only the loss once recovered i close for the week and go again the next week.... My plan going forward.... So I'm looking at a minimum of 18 weeks to pass both phase one and phase 2 and a maximum of 60 weeks to conclude both phases
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:05am On Sep 05, 2023 |
Good Morning Gbpusd sold this morning Stoploss 26570 Entry 26120 Take profit 25600
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:10am On Sep 05, 2023 |
Donsheddy: Take Profit Picked... Im trying not to be greedy but i believe they will do more... 61 pips profit
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:03am On Sep 06, 2023 |
Morning guys... Gbpusd sold.. Entry 25660 Sl 26120 Tp 25100
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 3:06pm On Sep 06, 2023 |
Donsheddy: Take Profit Picked 70 pips bagged on this one... We go again tomorrow
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:11am On Sep 07, 2023 |
Gbpusd sold this morning Entry 24840 Sl 25300 Tp 24440
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:50am On Sep 07, 2023 |
Donsheddy: Trade Closed Manually With 17 pips profit....
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| Re: My Prop Firm Strategy Testing Ground. by sampz: 11:47am On Sep 07, 2023 |
Donsheddy:Why did u exist the trade.. any specific reason |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 12:22pm On Sep 07, 2023 |
sampz: Expecting bulls to come in strong any moment.... Im just playing safe..... When i noticed the bullish pull back... I try to be careful whenever market skips a gap... It always finds it way back to that skipped level.... Which i think is 25400... |
| Re: My Prop Firm Strategy Testing Ground. by sampz: 1:01pm On Sep 07, 2023 |
Donsheddy:Very true |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 2:53pm On Sep 07, 2023 |
Week 8 Done lemme take a break from this week and hit again next week.... Took some corrections from my Previous mistakes... 200k now 1.02% in profit 6k now 6.45% in profit 10k now 6.32% in profit Tft competition 2.72% Last week Friday i took a gamble in my tft competition that sank me down to 5% dd... This week i recovered and closing in profit
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| Re: My Prop Firm Strategy Testing Ground. by BrightFuture48: 3:39pm On Sep 07, 2023 |
Donsheddy:Congrats bro. Slow steady you will get there. Thumbs up. |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 3:57pm On Sep 07, 2023 |
BrightFuture48: I hope so bro 🙏 1 Like |
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