FTMO Free Trial Challenge with Nse

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@nsg_usd - 19 hours ago
Quoted - godspowerdan

$400 is the total profit right?

Yeah, it was for the Nas 100 trade setup. I closed out on B.E though.

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@nsg_usd - 19 hours ago
Quoted - godspowerdan

Did you sell?

Yeah, I took it. closed out this morning, 1 hour later, price dumped straight to my TP region at 0.7040. I didn't re-enter again. just left it.

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@nsg_usd - 19 hours ago
Quoted - godspowerdan

If you can't deal with commissions, then you should trade indices instead

Lol. you make it sound like I'm complaining whereas I'm just sharing information.
Meanwhile indices are just the best to trade though on prop firms, If you're good with them.

Currencies are good with day-trading and scalps, not swing accounts. That's one of the reason AUDUSD commission on 1standard lot size is higher than US100 1 standard lot size.
Their contract sizes are not the same.

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@nsg_usd - 18 hours ago
Quoted - godspowerdan

I feel you're under risking on the account, i suggest you should risk 0.5% or highest 1% per trade so you can pass the account in 14 days

Thank you. I'll step up my risk soon. Just want to build on the Risk appetite progressively, taking it from Low risk to High risk. It helps in managing trading psychology and maintaining emotional discipline while under pressure to meet the target dateline.
from the images, yesterday, and today, the position volume is the same. I plan on Increasing it after 3 days, or when I've generated $1000 using this format.

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@nsg_usd - 18 hours ago
Quoted - godspowerdan

You should be more patient with your trades

Yeah. that's required, but only as occasion demands. If I use low lot sizes, and I'm adding patience to it, it won't help in passing the account in 14 days. It's best I do turnovers with every profit from the lot sizes.

This trade reversed and gave me loss, despite being more patient when I had plan to close it by 10am. Yesterday that I was less patient, it saved me from incurring Losses.

So, patience should be calculated and put to use as required, not based on emotions, or be rigid with applying it.

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@nsg_usd - 18 hours ago
Quoted - godspowerdan

The profit target is okay, you should level up your risk to meet up with targeting 10% before 14 days is over

I'll do that. The Trial is just 2 days in, rushing the risk and putting the pressure on the account while it is fresh is not ideal for me. Higher Risk is best when a considerable amount of profit is generated, so you're more of risking your profit, not your capital.

This image shows same risk but different result. With a similar setup tomorrow, I can double my lot and compound my profit. I'm taking the risk progressively and making it flexible, I'll meet up the 14 day trial, If I don't there's no harm, we can always try again.

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@nsg_usd - 18 hours ago
Quoted - asuquokelvin

AUD USD is reversing hold your trade with BE

I didn't re-enter again. I'm sticking to my trading plan. but I followed it up.
Price dumped to my Tp level at 0.7040 after I exited this morning. Just stayed away.
Today It later bought. Will look for a better setup tomorrow.

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@nsg_usd - 18 hours ago
Quoted - asuquokelvin

AUD USD is reversing hold your trade with BE

That sells, was just a pullback sell. AUDUSD is bullish. So, the buys might continue higher tomorrow. A break above 0.7070 and I'll look for buys at the retest of the same price level. while my SL will be below today's low @ 0.7039. invalidation of the Trend support, then I'll look for sells below 0.7039

O
@obinna - 17 hours ago
Quoted - segun_33

Youre right bro but also show your dashboard so we can see how your risk management score and profit factor etc. It gives more detail than just MT5 screenshot

You just said my mind, in as much as we make profit props care about the path you took to the profit which is why I am following the thread, the dashboard needs to be shown too

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@nsg_usd - 17 hours ago
Quoted - asuquokelvin

This risk is too much for you should have held the two previous entries and AUDUSD Is presently reversing back to buys

The risk wasn't too much. That's 0.5% of the account, and if the trade had drove to TP would have given me 2% on the account. I trade with flexibility, not rigidity especially with my trading plan, they are subject to changes the ones I need to. That's how my Emotions and Psychology is managed.
I'll be looking for buys in AUDUSD if price keeps respecting the trend support

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@nsg_usd - 17 hours ago
Quoted - segun_33

Youre right bro but also show your dashboard so we can see how your risk management score and profit factor etc. It gives more detail than just MT5 screenshot

I did that yesterday, will also do that today, once I'm posting my trade summary for the day.

I'm not going to keep it to myself; there's no point doing that.

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@nsg_usd - 17 hours ago
Quoted - obinna

You just said my mind, in as much as we make profit props care about the path you took to the profit which is why I am following the thread, the dashboard needs to be shown too

Yeah I know. I did that yesterday, will also do that today, once I'm posting my trade summary for the day. I'm not going to keep it to myself; there's no point doing that.

I'm here to be transparent with my journey, both good and bad days, It's part of the trading journey.

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@godspowerdan - 16 hours ago
Quoted - nsg_usd

Yeah, it was for the Nas 100 trade setup. I closed out on B.E though.

Okay but you need to give your trade more room to breathe before setting breakeven

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