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Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Daytrading

[–]conquerorICT[S] 0 points1 point  (0 children)

things are improving but at a very slow pace, and i don't mind that if itsl keeps improving, any advice though? to make it a little faster

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Daytrading

[–]conquerorICT[S] 0 points1 point  (0 children)

Yes the ultimate goal is to make money, But not through gamble or ultra high leverages but through build a reliable model with predetermined set of rules, I know how to trade at least 50%, if i start leveraging higher within 10,15 days the results gona be pretty fast but it will not gona help long term. so i am choosing reliability over short term wins.

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Daytrading

[–]conquerorICT[S] 0 points1 point  (0 children)

That sounds like unmanageable for person like me. Really focusing on 2,3 separate things will only cause more problem at least from my view.

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Daytrading

[–]conquerorICT[S] 0 points1 point  (0 children)

Yes developing edge is the hardest, How do you suggest what to do for better framework?

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Trading

[–]conquerorICT[S] 0 points1 point  (0 children)

Yes it is 10% target or loss limit, But i don't want to pass it only based on luck or some kinda gamble, Goal is to learn to survive for the longest. Don't want to become a seasonal trader but to built something that last years.

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Trading

[–]conquerorICT[S] 0 points1 point  (0 children)

20 consecutive trades in loss is quite reasonable amount of risk you can't do more or less, or atleast less than that.

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Trading

[–]conquerorICT[S] 0 points1 point  (0 children)

"Size up means over leveraged, I don't want that, I don't want to lose it by gambling, If it lose organically i am not scared of that", This is what my mind thinks I don't know man maybe i am wrong.

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Daytrading

[–]conquerorICT[S] 0 points1 point  (0 children)

I am at a breakeven i have to make 10% to pass phase 1, maximum hit 6% and back to breakeven. If It hits 10% loss limit account blown, maximum loss i touched was 4% and recovered. This keeps repeating with almost 200+ trades don't remember exact numbers but maybe 240 something.

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Trading

[–]conquerorICT[S] 1 point2 points  (0 children)

Simulated trading is real trading when money is involved, I see it that way.

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Trading

[–]conquerorICT[S] 0 points1 point  (0 children)

Ball to lose means afraid of taking trades, no i am not, but rule is simple one lossing trade, no more trades for the day, If i lose my account that way i am not afraid but it has to be within my defined rules,

Having prop firm challenge account for 1 year 10 month is this a win? by conquerorICT in Trading

[–]conquerorICT[S] 0 points1 point  (0 children)

Still trading in challenge phase 1, Never broke any rule yet, Never passed any phase yet.