1% a Month讨论

Started in July 2020 with £100
Three trades that resulted in £0.43 profit.
Added additional £100
Two more trades that resulted in £2.41 profit
July total profit of £2.84 (2.84%)

End of July added an additional £500 to account

End of July balance £502.84

Month Two - August 2020 - 1% Goal Achieved

Started with £502.84

Placed three trades, 2 win's 1 loss that resulted in £5.36 profit (1.06%)

End of August balance £508.20

Month Three - September 2020 - 1% Goal Achieved

Started with £508.20

Pleased four trades, 3 win's (£8.37) and 1 loss (-£0.01) that resulted in an £8.36 profit (1.64%)

End of September balance £516.38

No more trading this month.

Keep it up! it looks awesome and great self control!

Not agree but hope you successful

You are doing quite well, given the fact that you work with relatively small capital. And it's very good that you use a small leverage, it's the best format in your case, so accept my admiration for your work....

I think it looks quite promising and you're moving gradually through the market - and this is a classic and safe format.
Tell me, how do you define an advantageous situation?
It's always interesting to hear the opinion of a profitable trader.

Yes!

I think you need a lot of self-control to become successful and reach where you want to, with relatively small capital.

AspiringTraders posted:
Keep it up! it looks awesome and great self control!

Thank you. Giving myself a month to achieve the goal takes a lot of stress away. Quite happy to sit, read and learn with the charts in the background waiting for the right opportunity.

Yozuru posted:
You are doing quite well, given the fact that you work with relatively small capital. And it's very good that you use a small leverage, it's the best format in your case, so accept my admiration for your work....

Thank you.

When I traded for a living (9 years ago) I only looked at the percentages, looking at the $£€ amount would add stress. Once I get to six months I'll look to increase my account size, the goal of 1% will remain the same.

LucasRogers posted:
I think it looks quite promising and you're moving gradually through the market - and this is a classic and safe format.
Tell me, how do you define an advantageous situation?
It's always interesting to hear the opinion of a profitable trader.

Thank you.

I'm looking for harmonic pattens that are as close to the correct fib's as possible, when these appear I have a custom made RSI indicator that I use to confirm the trade. I'm not looking for anything else on this account, keep it simple.

Since you have managed to work with a small sum, this looks pretty good and the format looks promising too. Good job.

I like the fact that you are not overtrading despite being a beginner.

He does the right thing

bennieriley posted:
I like the fact that you are not overtrading despite being a beginner.

I was a professional trader 9 years ago but only recently got back in the game.

gnom_ posted:
He does the right thing

Thanks

Month Four - October 2020 - 1% Goal Not Achieved

Started with £516.38

Placed seven trades, 4 win's (£13.01) and 3 losses (-£9.06) which resulted in a £3.95 profit (0.76%).

End of October balance £520.34.

Although the monthly 1% target wasn't achieved, the previous months were just over 1% so four months 1% compounded would be £520.30, so I'm up 4p. Clutching at straws I know.

I was pressed for time this month and was only present in the market for 10 of 22 days. I placed orders on four days and was close to target, I don't know if there were signals on the other 12 days and to be honest, I don't care as I can't change the past.

Looking forward to having more time in front of the screens in November.

Can you open the lot size in your trading history?