Prop Firm Practice DIARY. Please Follow Me - Investment (8) - Nairaland
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 6:59am On Oct 10, 2022 |
The lost of my phase 2 really hurt me but we ain't giving up..... So I've decided to change some stuff in the way I trade.... I've increased my R.R to 1:3 With 35 pips I'm aiming for 105 pips In a trade.... I'm straight today to see what my progress will be.... During the challenge I noticed I was still battling with over trading and going against some of the rules like scalping and the rest.... Not an easy ride so far but we will try to be better.... So I will try to work on that now.... And learn how to accept losses.... My saddest reality.... |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 7:00am On Oct 10, 2022 |
First trade for the week
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:11am On Oct 10, 2022 |
Another position opened
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| Re: Prop Firm Practice DIARY. Please Follow Me by Micholo5(m): 6:19pm On Oct 10, 2022 |
Donsheddy: All the best Boss. How did you pay for the challenge? My card is being rejected. |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:09pm On Oct 10, 2022 |
Micholo5: I didn't pay for it my self.... A friend In the USA made the payment for me.... You can try crypto... Card is limited to 20dollars |
| Re: Prop Firm Practice DIARY. Please Follow Me by Micholo5(m): 11:12pm On Oct 10, 2022 |
Donsheddy: Thanks Boss |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 7:12am On Oct 11, 2022 |
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:43am On Oct 11, 2022 |
Donsheddy: Today's trade.... Moved yesterdays s l to entry.... Then opened another position for today with it's s.l... So still risking 35 bucks Stop loss extended a bit to 1.11200
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 12:55pm On Oct 11, 2022 |
Stoploss was picked Resold risking 40 bucks on this one
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:32am On Oct 12, 2022 |
London trade....
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 2:08pm On Oct 12, 2022 |
New York trade
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:03am On Oct 13, 2022 |
London trade
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:14am On Oct 14, 2022 |
London s trade Stop loss hit
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 2:10pm On Oct 14, 2022 |
Newyork trade guys I'm still on the trade widened my s.l to last h4 low Stop loss
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 2:59pm On Oct 15, 2022 |
It's been a long ride but we ain't giving up but we keep on improving..... After practice last week I think I need some improvement in some areas..... Next I will be testing this out to see how it works... Hopefully I'm able to stick to it . My biggest problem and only challenge is cutting trades and staying off the market ones I'm hit...... So like we use to do before I will be starting this test on Monday again.... Max loss in a day 1%. Max loss in a single trade at a time 0.5%. Lots size to use for each trade or position 0.05 lots.... This is the trick here. Will open three positions at a time with 0.05 lots.. With three different t.p but the same s.l Stoploss 33 pips... First t.p 35 pips Second T.p 70pips. And third t.p 105pips When the first and second t.p picks I will move the s.l for the third to entry to secure profits If all three s.l picks.. I will be losing 49 Dollars. If the first t.p picks and the other two hits s l I will be losing 16.5 bucks. But if the first two hits t.p. I will be 52 bucks in profit and if the three hits I will be 105 bucks in profit.... -49 -16.5 +52 +105 Max total of 10trade in a week... Minimum of 5 trades... Target win rate 30% Weekly profit target is 2% |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 6:17am On Oct 16, 2022 |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 6:54am On Oct 17, 2022 |
First trade was placed immediately market opened..... First t.p picked Second T.P picked..... Third trade.. S.l moved to entry
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:04am On Oct 17, 2022 |
London trade.... I bought again
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| Re: Prop Firm Practice DIARY. Please Follow Me by Nobody: 8:06am On Oct 17, 2022 |
Donsheddy: For prop firm challenge phase1 what will you advice someone to risk per trade base on your experience to pass it. Is 1% or 0.5% |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 9:07am On Oct 17, 2022 |
Borntosmoke: It depends on your strategy.... But I will go will 0.5% |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 9:52am On Oct 17, 2022 |
Donsheddy: The trade that was moved to b.e was picked out.... The other three still running First and second t.p hit .... 100 bucks profit secured How it went
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 7:58am On Oct 18, 2022 |
London trade today.... Stop loss
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:44am On Oct 18, 2022 |
I rejoined again First t.p picked
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 2:26pm On Oct 18, 2022 |
Newyork trade
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:11am On Oct 21, 2022 |
Blew up the last trail started another one FTMO LINK 2 https://trader.ftmo.com/metrix?share=7df8f55caaf6&lang=en |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 8:11am On Oct 21, 2022 |
London trade
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 2:19pm On Oct 21, 2022 |
London trade played out nicely.... Newyork....
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 6:47am On Oct 31, 2022 |
Last week was my final exam so I didn't put Concentration in trading......
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 9:38am On Nov 09, 2022 |
So I've been occupied thats why I didn't update.... Not that I was not trading now..... The last trail was passed.... Currently running another trail and also participating in thefundedtrader competition..... So I will posting the trades I'm taking in that competition..... Giving up isn't an option.... While on that I created a $500 demo account on octa fx to practice incase I get the opportunity to get a live account instead of focusing on prop Firm.... I don graduate na now life start so I will be posting my progress here..... My trading style has changed.... Let's go.... |
| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 9:43am On Nov 09, 2022 |
Image 1 thefundedtrader contest progress so far. FTMO LINK 4 https://trader.ftmo.com/metrix?share=08931b962011&lang=en Will post the link to follow my 500 dollars account
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| Re: Prop Firm Practice DIARY. Please Follow Me by Donsheddy: 9:44am On Nov 09, 2022 |
Trades I took today still running.....
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| Re: Prop Firm Practice DIARY. Please Follow Me by Israeli072011(m): 1:12pm On Nov 09, 2022 |
Donsheddyguru: you are gambling not trading.....0.35 lot to get $5 with GJ  ??1 Like |
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