FTMO Free Trial Challenge with Nse

No that's not what i meant. I prefer currency pairs though

Day 2 Trade summary on the Account.

I took 1 trade setup on the Account yesterday.
Nas 100 sells
Total number of positions- 5
Lot size- 0.5(2 positions) 1(3 positions) total-4
Total Risk- 0.5% approx.
Profit Target-1.5% approx.

Comment: Trade did not hit Take Profit. I exited manually because I spotted a 1hr level at 29536 that acted as an internal support, with a potential to reverse price back to my entry.

EOD Account Balance: $100,179

Profit: +$189.05
Swap: -$0
Commission: -$0

Observation: The contract size on Nasdaq is 1. That means
0.01 lot =$0.01/pip
0.1 lot = $0.1/pip
1.0 lot = $1/pip

So relatively, 5 standard lot is an equivalent of $5/pip and 100 pips move will give you $500.
This means 10 standard lot is an equivalent of $10/pip and 100 pips move will give you $1000.

With this contract size, standard lots are best for the $100,000 to achieve good profits day-trading the account, with proper risk management.

Understanding contract sizes matters a lot, because it can help in position sizing so you don't under risk or overrisk your account when trading particular assets.

N/B: Contract sizes are usually lower on indices and Higher on Currency pairs. and it can vary per brokers and prop firms.

Day 3 Trade Journal (1) (Wed, 12th August)

Asset- GBPAUD
Trade Type- Long Setup

Idea/Approach- I saw a Daily Bullish Trend Channel, with price currently reacting at the trend support that confluences with a key support level.

Execution - Instant
Analysis TF- D1/4hr/1hr/

Entry 1- 19137
SL - 1.90851
TP - 1.9209

This is my First trade on the Account today.

Day 3 Trade Journal (Wed, 12th August)

Asset- GBPAUD
Trade Type- Long Setup
Execution - Instant
Analysis TF- D1/4hr/1hr/

Entry 2- 19134
SL - 1.90851
TP - 1.9209

This was my second position on the trade.

Asset- GBPAUD
Trade Type- Long Setup
Execution - Instant

Analysis TF- D1/4hr/1hr/
Entry 3- 1.91008
SL - 1.90851
TP - 1.9209

This was my 3rd trade on the Account today.

Asset- GBPAUD

Trade Type- Long Setup
Execution - Instant
Analysis TF- D1/4hr/1hr/

Entry 4- 1.91355
SL - 1.90851
TP - 1.9209

This was my 4th trade on the Account today.

Day 3 Trade Journal (Wed, 12th August)

Asset- GBPAUD
Trade Type- Long Setup

Execution - Instant
Analysis TF- D1/4hr/1hr/

Entry 5- 19137
SL - 1.90851
TP - 1.9209

This was my 5th trade on the Account today.

Comment: I held the positions throughout CPI, added 4th and 5th after CPI.
Clearly from the chart, they all hit SL.

Day 3 Trade summary on the Account.

I took 1 trade setup on the Account today

GBPAUD- Buys
Total number of positions- 5
Lot size- 1.0 (2 positions) 2.0(3 positions) total- 10
Total Risk- 2%
Profit Target-5%

Comment: I realized my mistake. I didn't carefully analyze the trade and determine a proper entry for it. I sighted the daily bullish channel, and the trade looked good for a buy, and I joined, without carefully looking at the intraday bias which is bearish.
After my entry, I realized I was entering from the right shoulder of a bearish Head and shoulder pattern which signalled for a Sell, not a Buy.

I didn't want to close out the trade, so I intended to add position when it sells down to the support, which it did after CPI. But because my Lot sizes where heavy, I had to tighten my risk and keep all 5 positions at max 2% risk. Eventually, the trade Hit my SL. Now It's reversing, but that's all I'll be trading on the account today.

Sticking to my trading Plan and Rule is much more important.
And one of my Core rules is once I've maxed out my positions for the day, I'm done trading for the day. (Max 5 positions per day).
There will always be a better trade Setup tomorrow. so, no need for revenge trading.

EOD Account Balance: $98,047.07

Profit: -$2141.98
Swap: -$0
Commission: -$40

Day 3 Trade summary on the Account.

I took 1 trade setup on the Account today

GBPAUD- Buys
Total number of positions- 5
Lot size- 1.0 (2 positions) 2.0(3 positions) total- 10
Total Risk- 2%
Profit Target-5%

Comment: I realized my mistake. I didn't carefully analyze the trade and determine a proper entry for it. I sighted the daily bullish channel, and the trade looked good for a buy, and I joined, without carefully looking at the intraday bias which is bearish.
After my entry, I realized I was entering from the right shoulder of a bearish Head and shoulder pattern which signalled for a Sell, not a Buy.

I didn't want to close out the trade, so I intended to add position when it sells down to the support, which it did after CPI. But because my Lot sizes where heavy, I had to tighten my risk and keep all 5 positions at max 2% risk. Eventually, the trade Hit my SL. Now It's reversing, but that's all I'll be trading on the account today.

Sticking to my trading Plan and Rule is much more important.
And one of my Core rules is once I've maxed out my positions for the day, I'm done trading for the day. (Max 5 positions per day).
There will always be a better trade Setup tomorrow. so, no need for revenge trading.

EOD Account Balance: $98,047.07

Profit: -$2141.98
Swap: -$0
Commission: -$40

Day 3 Trade summary on the Account.

I took 1 trade setup on the Account today

GBPAUD- Buys
Total number of positions- 5
Lot size- 1.0 (2 positions) 2.0(3 positions) total- 10
Total Risk- 2%
Profit Target-5%

Comment: I realized my mistake. I didn't carefully analyze the trade and determine a proper entry for it. I sighted the daily bullish channel, and the trade looked good for a buy, and I joined, without carefully looking at the intraday bias which is bearish.
After my entry, I realized I was entering from the right shoulder of a bearish Head and shoulder pattern which signalled for a Sell, not a Buy.

I didn't want to close out the trade, so I intended to add position when it sells down to the support, which it did after CPI. But because my Lot sizes where heavy, I had to tighten my risk and keep all 5 positions at max 2% risk. Eventually, the trade Hit my SL. Now It's reversing, but that's all I'll be trading on the account today.

Sticking to my trading Plan and Rule is much more important.
And one of my Core rules is once I've maxed out my positions for the day, I'm done trading for the day. (Max 5 positions per day).
There will always be a better trade Setup tomorrow. so, no need for revenge trading.

EOD Account Balance: $98,047.07

Profit: -$2141.98
Swap: -$0
Commission: -$40

Day 3 Trade summary on the Account.

I took 1 trade setup on the Account today

GBPAUD- Buys
Total number of positions- 5
Lot size- 1.0 (2 positions) 2.0(3 positions) total- 10
Total Risk- 2%
Profit Target-5%

Comment: I realized my mistake. I didn't carefully analyze the trade and determine a proper entry for it. I sighted the daily bullish channel, and the trade looked good for a buy, and I joined, without carefully looking at the intraday bias which is bearish.
After my entry, I realized I was entering from the right shoulder of a bearish Head and shoulder pattern which signalled for a Sell, not a Buy.

I didn't want to close out the trade, so I intended to add position when it sells down to the support, which it did after CPI. But because my Lot sizes where heavy, I had to tighten my risk and keep all 5 positions at max 2% risk. Eventually, the trade Hit my SL. Now It's reversing, but that's all I'll be trading on the account today.

Sticking to my trading Plan and Rule is much more important.
And one of my Core rules is once I've maxed out my positions for the day, I'm done trading for the day. (Max 5 positions per day).
There will always be a better trade Setup tomorrow. so, no need for revenge trading.

EOD Account Balance: $98,047.07

Profit: -$2141.98
Swap: -$0
Commission: -$40

Day 3 FTMO Dashboard Summary (1)
Section 1- This section shows the Account Graph, between my equity and my balance and for today It shows I'm on a 2% drawdown on the account.

I suggest you could try diversifying risk across asset classes

Alright. I prefer indices, cause they are easy to swing. But I'm working on a solid-day trading strategy, that will make me be able to trade currencies effectively.

That's what I used on AUDUSD Sell. Was looking at buying today with entry price at 0.7056 price level, Sl at 0.7051 and TP at 0.7070, but I missed it.

Day 3 Trade Journal (1) (Wed, 12th August)

Asset- GBPAUD
Trade Type- Long Setup

Idea/Approach- I saw a Daily Bullish Trend Channel, with price currently reacting at the trend support that confluences with a key support level.

Execution - Instant
Analysis TF- D1/4hr/1hr/

Entry 1- 19137
SL - 1.90851
TP - 1.9209

This is my First trade on the Account today.

Day 3 Trade Journal (1) (Wed, 12th August)

Asset- GBPAUD
Trade Type- Long Setup

Idea/Approach- I saw a Daily Bullish Trend Channel, with price currently reacting at the trend support that confluences with a key support level.

Execution - Instant
Analysis TF- D1/4hr/1hr/

Entry 1- 19137
SL - 1.90851
TP - 1.9209

This is my First trade on the Account today.

But you kept adding to losing positions

Day 3 Trade summary on the Account.

I took 1 trade setup on the Account today

GBPAUD- Buys
Total number of positions- 5
Lot size- 1.0 (2 positions) 2.0(3 positions) total- 10
Total Risk- 2%
Profit Target-5%

Comment: I realized my mistake. I didn't carefully analyze the trade and determine a proper entry for it. I sighted the daily bullish channel, and the trade looked good for a buy, and I joined, without carefully looking at the intraday bias which is bearish.
After my entry, I realized I was entering from the right shoulder of a bearish Head and shoulder pattern which signalled for a Sell, not a Buy.

I didn't want to close out the trade, so I intended to add position when it sells down to the support, which it did after CPI. But because my Lot sizes where heavy, I had to tighten my risk and keep all 5 positions at max 2% risk. Eventually, the trade Hit my SL. Now It's reversing, but that's all I'll be trading on the account today.

Sticking to my trading Plan and Rule is much more important.
And one of my Core rules is once I've maxed out my positions for the day, I'm done trading for the day. (Max 5 positions per day).
There will always be a better trade Setup tomorrow. so, no need for revenge trading.

EOD Account Balance: $98,047.07

Profit: -$2141.98
Swap: -$0
Commission: -$40

Day 3 Trade Journal (1) (Wed, 12th August)

Asset- GBPAUD
Trade Type- Long Setup

Idea/Approach- I saw a Daily Bullish Trend Channel, with price currently reacting at the trend support that confluences with a key support level.

Execution - Instant
Analysis TF- D1/4hr/1hr/

Entry 1- 19137
SL - 1.90851
TP - 1.9209

This is my First trade on the Account today.