|
On the last trading day of February and the first trading day of March, I passed the first stage exam of the Prop Firm. I challenged a $25,000 account (which is the largest account I can afford). That day, I seized a long position trade in Bitcoin and established long positions on SPX500 and EURCHF. Eventually, I made a profit. The rest of the trades returned to my breakeven point after profiting 1% (my single trade stop loss), and I closed them without hesitation. In fact, my profit was made up of many small profits and losses, along with a few significant profits. I have established my own trading system and money management methods. The second stage of trading didn’t go as smoothly. In the first two weeks of March, the US Dollar Index entered an oscillation period, and many currency pairs’ bullish trends were interrupted, entering a pullback phase. Many non-dollar currencies also oscillated during this period. I had some profits, but also incurred losses. Over the two weeks, I lost 0.4%. I have always maintained a 1:2 risk-reward ratio. Many trades that made profits exceeding 1R returned to my breakeven point, and I closed them without hesitation. Although in the long run, this may not significantly impact my equity curve, my mindset has become more stable than ever. (Thanks to this method, many orders that returned to breakeven would have cost me a lot of money if not closed.) I adopt a trend-following breakout trading approach. Honestly, I learned this method two years ago, but I’ve been unable to make money consistently. Over the past two years, I’ve tried numerous methods, including various indicator combinations, ICT, and Wyckoff. I’ve put real money into all these methods, but without exception, after experiencing consecutive losses, I abandoned them. The upside is that they have now become part of my system. Until the beginning of this year, I still felt compelled to pick up this ancient method and continue using it. The trading journey of the past two years has made me realize that profitability comes in cycles and isn’t determined by the outcome of one or two trades. Perhaps I can only make 5% in a month, but over a year, that’s 60%. If we extend this span to ten years, it becomes a substantial sum. Maybe I won’t make any money for a week or two, but that doesn’t mean I won’t make money in the weeks that follow. I will continue to update my trading journey, perhaps once a week or twice. I want to find out if I can enter the ranks of profitability with an unremarkable method, coupled with stable money management and emotional control. My trading record consists of consecutive small losses, along with one substantial profit. submitted by /u/killbeelzebub to r/Forex |