Challenge
Total account value: $374.50. Goal: $5,000. Follow this post. 🔥I have been practicing for exactly 1 month.
Took two accounts from 200 to 600/800.
But the gains did not hold up well. So I refined my strategy again and again.
Time to share the journey with you as it's happening. Going to post daily updates and trade reviews in the updates of this idea.
The goal is $5,000.
There will be bumps in the road, but I will try to prevent major setbacks.
You WILL need:
Cash account. Not margin.
Patience.
Discipline.
Take gains quickly. Stop waiting for moonshots.
Will be using trend analysis, chart patterns, etc. Get hyped.
Let's get this money - get ready and follow me/ this post.
An Intuition Flashed So Hear Me OutNever violate your hunches! With good intentions I want to introduced something that could raise our skill to the max.
The 100UNIT Challenge
================
The idea here is to get rid of that demo mentality of believing it wont help when in reality it can truly sharpen our skills to a level unlike no other.
I did agree once about it that demo can be a waste of time or that no money is involved so it couldnt affect me the way real money can and I agree with all that completely.
Can we admit that the power of money and how much of a grip it have on us, it's unreal.
Takes training on a higher degree. Discipline and all the above to be able to treat a demo account like their real one.
With that being said I want to introduce an idea of mines, the 100UNIT challenge. To keep it simple, goal is to flip 100UNIT as high as possible trading BTC only without losing the account by going into negative balance. This is where trust comes in. You can reset as many times as you like but we all know you cant fake the ACCOUNT HISTORY which is needed to show your proof of trades. BTC only for now because it's the hardest asset to trade. This is not meant to be easy.
Rules:
We are to start with 100UNIT balance with a max risk per trade of 1-2UNITs increasing by .5 every 100UNITs profit.
Use any trading style you like but stick to the objective.
The idea is to focus on SKILLS and not the PROFITS .
And to practice for getting funded.
How high can you flip 100UNITs without losing the account first?
What are Your Biggest Struggles in Trading?Hey everyone! I've been trading for a year now, and while I've had some successes, I've also faced some challenges along the way. I know I'm not alone in this, and I want to hear from you all too!
I believe that we can all learn from each other and grow as traders, which is why I'm reaching out to the TradingView community. If you're comfortable, I'd love to hear about your own trading struggles. Whether you're just starting out or a seasoned pro, I think we can all benefit from sharing our experiences. Moreover, we all know how lonely this journey can get, so sharing and learning from other's struggles could improve our mindset and the way we tackle the losses, as well as the success.
Personally, I struggle the most with keeping a trading journal organised and use it as a feedback loop, improving my trading strategy. I have tried for a while to keep track of my trades in apple notes, but it gets frustrating when you try to actually learn and discover patterns in your errors. On the other hand, another struggle comes when my emotions take over my strategy, and I have been searching desperately for tools and ways of fighting this urge.
Leave a comment of your biggest or most uncommon struggle and let's improve our trading skills by sharing!
GOLD - Potential Buy Setup - Analysis #2/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
GOLD is retesting a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H1: Right Chart
For the bulls to take over, we need a momentum candle close above the last major high in red.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
YFDAI - Wait For The Bulls! Analysis #1/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
YFDAI is approaching a strong demand zone and round number 200. So we will be looking for buy setups on lower timeframes.
on M30: Right Chart
YFDAI is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a break above the upper red trendline and red zone.
Meanwhile, until the buy is activated, YFDAI can still trade lower till the 200 demand zone or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC Detailed Top-Down Analysis - Day 133Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC Detailed Top-Down Analysis - Day 128Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich