20 Trades Exercise
Let's do a 20 trade exercise, this thread is only for traders that have been trading for 2 years.
1. You should not be a complete newbie in trading.
2. You must have a basic strategy to trade intraday.
3. You should only be trading the above strategy in 1 trading instrument.
4. You should be able to describe the strategy cleanly and mechanically with entry and exit rules.
5. This is not a long term challenge maximum 1.5 months. So swing trading is out of the question.
Why you can't trade swing trades?
Swing trades usually last a few weeks and you can't gauge if a trader is just lucky or skillful. A trader usually trades a sequence and a swing trader will not be able to have a large sequence hence you can't gauge a traders ability to be disciplined
What you don't need?
This doesn't require any payment on your part, you are welcome to participate and reply to this thread if you meet the requirements.
What you will get?
Access to a platform with guard rails and a real trading account behind it 250 USD to 1000 USD. You can keep the profits at the end of the challenge.
The rules will be:
1. Maximum 2 trades a day.
2. The account should be able to withstand 20 trading days. So risk will be split accordingly.
Verdict:
If you do pass the challenge , you are already a trader nothing can stop your success.
I will disclose details of the challenge once we have enough responses.
So you ready to find out if you are a trader, from my experience most will fail this test.
This is a nice one. I’m in already.
Could you describe your trading strategy with an example chart.
Could you describe your trading strategy with an example chart.
Can i describe with a video? That’s better I think
Can i describe with a video? That’s better I think
This is a video that describes my trading strategy.
This is a video that describes my trading strategy.
I appreciate a video response, that shows your dedication.
But in interest of all participating it would make sense you describe the strategy in few words. So others may understand. This will help others learn from you and will create value.
Additionally any good strategy would not be discretionary and should be easily describable by any good trader in few words.
I am not ruling out the ability and potential of fundamental traders or discretionary traders, but you can't create a trader that has similar discretion or information as you but you sure can create another trader that does exactly what you do by replicating your method.
Example response:
i buy or sell double tops or bottoms.
i buy pullback on vwap or ma ribbon.
I see we have a 1:14 trade posted in one of the posts. This is remarkable return if possible.
To the readers of this thread 1:14 trade means a 100 USD risk on a trade would return 1400 USD. The way is see it that represents a serious bankruptcy possibility for the broker or prop shop on the other side
On a serious note if you are actually placing traders with extreme accuracy and high win rate that matches trades like this and have discipline to execute them then you are already in top 5%.
We can't rule out law of large numbers that traders like this do exist so maybe we do get a few great traders in this thread.
I am so excited to see if we can actually see 250 USD turn into 3500 USD or 1000 USD turn into a 14000 USD. Ofcourse not every trade would return that amount. But that would be a remarkable sight to behold.
This is a video that describes my trading strategy.
i am interested in seeing this outcome in real time.
I was told this thread look like a marketing idea. But i assure you i have nothing to sell to you. I am genuinely interested in seeking out like minded traders.
Let's see.
I was told this thread look like a marketing idea. But i assure you i have nothing to sell to you. I am genuinely interested in seeking out like minded traders.
Let's see.
I am in! I trade a EUR/USD breakout strategy. I wait for price to exit the Asian or Frankfurt hour range, then wait to spot a reversal back into it. Once the reversal is confirmed, I take my trade and place stop loss below the reversal pattern.
I have a question, can we use a demo account for this 20 trades challenge or does it have to be a live account?
I have a question, can we use a demo account for this 20 trades challenge or does it have to be a live account?
You don't need to do anything. You will get access to a trading platform but without the charts.
You will get to to see open \trades, modify trades but biggest thing it will have a loss limit on top you cant place any trade once the loss limit is hit for that day.In the back end it will place real orders using API into a real MT4 trading account.
As Mark Douglas said you will develop a probabilistic thinking attitude once you finish the run.
Your mind will be wired differently.
I will share the link to the platform soon.
Please describe your trading strategy in the mean time.