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My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 - Investment (2) - Nairaland

Nairaland Forum › Nairaland General › Investment › My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 (1652 Views)

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Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 7:38pm On Jan 26
One thing I've noticed about my new approach and adjustment to how i trade...
Is that, my setup won't show whenever the market is out to destroy sl....
Whenever its ranging badly like this...
And I've learnt not to be carried away by those waves...
If it didn't show...
I sit it out...
Im still taking down record but its looking promising and good so far
I just need to see how it plays out in the next three months...
If i end every month in profit no matter how small then im good to gooo
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 12:13pm On Jan 31
JANUARY REVIEW....

So i adopted the RR system instead of the pips system since market condition changed....

I recorded a total of 9 trades...
Meanwhile i took only three because of doubt....

But from my records....

6 trades delivered 1:2 RR
8 trades Recorded 1:1 RR.....

Week 1 -- 3 setup

Week 2 ---- 1 step up

Week 3. ---- 3 step up

Week 4 ---- 2 setup


Highest losing streak for both was 1

If i decided to risk 0.5% per trade

For 1:1

4% win and 0.5% loss

Total 3.5% profit

For 1:2

6% win and 1.5% loss

Total 4.5% win

From next month with this data i will try not to miss any of the trades


I closed the month with 0.4% profit on 100k account

3% profit on 25k phase 1 account

And reduced my 25k live account DD from 3% down to 2.2%
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 12:57pm On Jan 31
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by samfelly: 7:05pm On Feb 08
officialfestus:
greetings, do you mean one will to make a profit of $2400 in one trade for the funded stage?
Not in one trade o (like not in one day).

What I mean here is if you make $720 profit in one day then to qualify for withdrawal (payout) your total profit have to be $2,400.

The formula again is;

Your highest daily profit divided by the consistency rule value equals to payout approval

$720 ÷ 30% = $2,400
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by officialfestus(m): 7:52pm On Feb 08
samfelly:
Not in one trade o (like not in one day).

What I mean here is if you make $720 profit in one day then to qualify for withdrawal (payout) your total profit have to be $2,400.

The formula again is;

Your highest daily profit divided by the consistency rule value equals to payout approval

$720 ÷ 30% = $2,400
thank you.
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 5:34pm On Feb 09
Second Trade this month...
Bought gold at

Entry 5041
Sl --- 5013
Tp 5073

Tp was hit

Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 4:15pm On Feb 23
I've not been able to actively update this thread Because I've been too busy and i rarely get trade setup like i use to do in the past...
I was able to catch gold bulls today with over 300 pips profit

Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 6:57am On Apr 07
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Gentlevin: 10:36pm On Aug 15
This one that we are not getting updates again, abi you don blow the account?
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 10:58am On Aug 16
Gentlevin:
This one that we are not getting updates again, abi you don blow the account?
No loud am 😜😜😜
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Gentlevin: 6:49pm On Aug 16
Donsheddy:
No loud am 😜😜😜
hahahaha, don't worry, it's part of life in Forex. I too have blown my account at different times but I still plan to go back to it later.
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 10:55pm On Aug 16
Gentlevin:
hahahaha, don't worry, it's part of life in Forex. I too have blown my account at different times but I still plan to go back to it later.
Because of you I will start updating again, I just got tired man
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Donsheddy(op): 3:18pm On Aug 17
Let's buy gold and see how far it goes...
4500 is my view h8

Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by sakaida1125(m): 5:22am On Aug 18
real talk mate, feels like walking a tightrope out there init. when u hit a winning streak ur heart's racing so fast u just end up losing everything u grafted for in one stupid click. seeing u sort out ur RR system and actually sit on ur hands when the market's looking dead is proper discipline tho, respect. trading at the end of the day is just pure mental warfare with urself, seen so many mandem blow their accounts and vanish over the years, keeping it this 100% real about ur ups and downs is worth way more than some magic indicator bollocks.
Re: My Forex Journey - Prop Firm Practice Diary By Mrsheddy Forex, Part 3, 2026 by Gentlevin: 12:30pm On Aug 25
Donsheddy:
Because of you I will start updating again, I just got tired man
Pls which prop firm are you using? I am still thinking of which to use. Few said GOAT FUNDED.....
1 2 Reply

My Forex Journey -prop Firm Practice Diary Part 2 By Mrsheddy Forex • My Forex Journey • Prop Firm Practice DIARY. Please Follow Me • 2 • 3 • 4

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