Last month was a month with mixed results for me as I wasn't trading on my full capacity. After every winner trade I made a losing trade and as you may guess my account couldn't grow. The only positive thing is the fact that I was still able to keep the account in positive territory $130K.

Starting from this year I've posted at beginning of each month my GOALS, for the current month and I want to track my own progress and how I grow up my experience in the markets.

This is the only way you can prove yourself that you're growing up as a trader by tracking down all your performances and your discipline to follow your plan.

  • May's Trading Plan:
I'll be looking for setups that can give me at least 100 pips/ position. If I'll manage to achieve my goals by the end of the month I should have a net profit of 1000 pips,and if we take in consideration that I'll be trading full size position ($5Mill/position) this should translate into $500k profits and my equity balance should be $600k. This is just a rigid example as I know that your pip value will be different than $500/pip movement on non USD pairs.

Bear in mind that my management risk strategy is very aggressively and can lead to higher drawdown but if I manage to time the market "to the pip" any huge DD can be eliminated. This is just a demo competition so in order to win a prize, most often you should play it differently than you real money account. I really enjoy all the excitment from the competition and the fun.

Wish everyone good luck!

Best Regards,
Daytrader21.
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