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$409k Challenge

  • #521
  • May 19, 2020 3:51am May 19, 2020 3:51am
Quoting Mtinifx
Hi everyone Well I have some stuff to do today so I decided to get finished early. Can't try for 70% everyday because that is obviously a recipe for disaster! {image}
I think that’s a very important lesson. As you say, massive gains become highly addictive and your mind will keep saying “just one more” and then boom, you call it wrong and wipe out.

Best of luck with your challenge.
  • #522
  • May 19, 2020 7:49am May 19, 2020 7:49am
There's been a lot of action this week and I did miss yesterdays moves, but did catch up today.
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Truth is like poetry. And most people f*cking hate poetry.
  • #523
  • May 19, 2020 8:33am May 19, 2020 8:33am
Quoting mrdfx
There's been a lot of action this week and I did miss yesterdays moves, but did catch up today. {image}
Nice looking TE mrdx - nice smooth rise
  • #524
  • Edited 2:22pm May 19, 2020 8:41am | Edited 2:22pm
Well I nearly blew it -overtrading again. What is wrong with me??

With Gold, even trading 1 microlot (10 cents a pip), if you get it wrong you can be 3 or 4 dollars down in a few seconds!

Anyway I managed to recover and even increase the balance a bit
  • #525
  • May 19, 2020 9:17am May 19, 2020 9:17am
Quoting Mtinifx
Well I nearly blew it -overtrading again. What is wrong with me?? With Gold, even trading 1 microlot (10 cents a pip), if you get it wrong you can be 3 or 4 dollars down in a few seconds! Anyway I managed to recover and even increase the balance a bit {image}
Take it easy man, remember this challenge is a journey not a race. Whether this challenge takes 1 year or 2-3+ years the end goal is to complete it for the $409k.

When you feel like you over trading remember what that did for you previously. If it didn't work before why would it now? You need to change your psychology on trading especially when it comes to this challenge, that's what I've had to do.
Truth is like poetry. And most people f*cking hate poetry.
  • #526
  • May 19, 2020 2:21pm May 19, 2020 2:21pm
Quoting mrdfx
{quote} Take it easy man, remember this challenge is a journey not a race. Whether this challenge takes 1 year or 2-3+ years the end goal is to complete it for the $409k. When you feel like you over trading remember what that did for you previously. If it didn't work before why would it now? You need to change your psychology on trading especially when it comes to this challenge, that's what I've had to do.
Thanks for the advice mate - you've got a point but I think I'm not the only one with that problem right?

We've all got faults and we've all blown our accounts but this is my trading style. I must be doing something right - had $50 left in my account last Wednesday - just made some adjustments and seems to be working in the main as long as I don't overtrade.

Why I'm gunning it a bit at the moment is because I have a fair amount of losses to make up still. But perhaps for this week it's probably enough - a couple more trades today to add on. Tomorrow I take a break unless I see the perfect set up which is doubtful!

P.S.: Still have a long way to go to the target 409k
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  • #527
  • May 19, 2020 2:30pm May 19, 2020 2:30pm
Is it only the two of us now?

No other TE's posted today and it's 19.30 GMT already
  • #528
  • Edited 10:10am May 20, 2020 6:34am | Edited 10:10am
Quoting Mtinifx
{quote} Thanks for the advice mate - you've got a point but I think I'm not the only one with that problem right? We've all got faults and we've all blown our accounts but this is my trading style. I must be doing something right - had $50 left in my account last Wednesday - just made some adjustments and seems to be working in the main as long as I don't overtrade. Why I'm gunning it a bit at the moment is because I have a fair amount of losses to make up still. But perhaps for this week it's probably enough - a couple more...
Well I managed to trade a bit this morning. I hope 5% is acceptable to everyone? Don't want to upset anyone by going for too much!
  • #529
  • Edited 12:12pm May 20, 2020 10:13am | Edited 12:12pm
Quoting Mtinifx
{quote} Well I managed to trade a bit this morning. I hope 5% is acceptable to everyone? Don't want to upset anyone by going for too much!
Sorry guys, I was naughty - couldn't help it - had a couple of pending trades which were triggered unexpectedly

Now it really is time to catch up on all the chores before I get into even bigger trouble!!

PS: only $408,600 to go!
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  • #530
  • May 20, 2020 11:58am May 20, 2020 11:58am
Quoting mrdfx
There's been a lot of action this week and I did miss yesterdays moves, but did catch up today. {image}
Almost didn't trade today, but found a small opportunity on GY. +7%.
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Truth is like poetry. And most people f*cking hate poetry.
  • #531
  • May 20, 2020 12:16pm May 20, 2020 12:16pm
Quoting mrdfx
{quote} Almost didn't trade today, but found a small opportunity on GY. +7%. {image}
Nice going

Even 1% is OK as long as one is green and not red IMHO!
  • #532
  • Edited 8:53am May 21, 2020 8:41am | Edited 8:53am
Hi guys very slow today - conditions for my system are really tough!

Will post my TE later - but a poor day!
  • #533
  • May 21, 2020 9:13am May 21, 2020 9:13am
Nearly 6% added today.

Done for the week unless I see something magical tomorrow lol.
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Truth is like poetry. And most people f*cking hate poetry.
  • #534
  • Edited 12:35pm May 21, 2020 11:08am | Edited 12:35pm
Quoting mrdfx
Nearly 6% added today. Done for the week unless I see something magical tomorrow lol. {image}
Snap (almost)!

Although I have to say it's been a tough day. Will trade tomorrow if the bulls return
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  • #535
  • Edited 1:06pm May 22, 2020 11:13am | Edited 1:06pm
Quoting Mtinifx
{quote} Snap (almost)! Although I have to say it's been a tough day. Will trade tomorrow if the bulls return {image}
Well they came back for a while this morning but then decided to take a holiday!

Oh well Monday is another day - goodness I left a lot, and I mean a LOT, of pips on the table this morning - the usual fear factor problem!! Should have been out of sight by now but anyway will just have to be content with 12%. Better then a kick in the teeth I suppose!
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  • #536
  • May 22, 2020 11:24am May 22, 2020 11:24am
Happy Friday guys!

So I wasn't planning on trading today, but I did see some pretty good opportunities and I took them. +8% added today and +44% for the week.

Have a great weekend!
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Truth is like poetry. And most people f*cking hate poetry.
  • #537
  • May 22, 2020 11:42am May 22, 2020 11:42am
Quoting mrdfx
Happy Friday guys! So I wasn't planning on trading today, but I did see some pretty good opportunities and I took them. +8% added today and +44% for the week. Have a great weekend! {image}
P good job bro
  • #538
  • May 22, 2020 12:06pm May 22, 2020 12:06pm
Hey! No one is allowed to post on this thread unless he/she is enrolled in the challenge!!

Only joking

But seriously guys where are all the TE's? It's a lot of fun and you'll be surprised how around 5 - 10% adds up

Come on, give it a go
  • #539
  • May 25, 2020 10:34am May 25, 2020 10:34am
Well I was going to take the day off due the holiday but decided to trade - bad idea! Was a very tough day due to the low volume

Anyway just managed to achieve the minimum 5% - what a struggle
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  • #540
  • May 25, 2020 10:37am May 25, 2020 10:37am
Quoting Mtinifx
Well I was going to take the day off due the holiday but decided to trade - bad idea! Was a very tough day due to the low volume Anyway just managed to achieve the minimum 5% - what a struggle {image}
wow!!!Heavy trading over 100 trades...Well done doe...
Insanityoing same ting over expecting different results..Einstein
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