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Hi,
First two weeks of August have gone and I've mange to make an almost 80% return on my Trader contest account (see Figure 1). If I manage to compound that I should be looking at the end of the month for my account balance to stand near 300k. I only hope this will be enough for me to secure a place in the top 10 rank.
When I'm trading the Trader Contest account I'm not looking to generate insane returns by overleveraging my positions, I've already done that multiple times in the past and in the end it hasn't gone quite well, but what I'm trying to achieve is to show consistency and prove that you can still make it in the top 10 even with a more conservative approach.
Next week I believe the market will be in expansion mode. What do I mean by that? is that after the most recent small daily ranges the market will always expend with larger daily ranges.
Best Regards,
Daytrader21
First two weeks of August have gone and I've mange to make an almost 80% return on my Trader contest account (see Figure 1). If I manage to compound that I should be looking at the end of the month for my account balance to stand near 300k. I only hope this will be enough for me to secure a place in the top 10 rank.
When I'm trading the Trader Contest account I'm not looking to generate insane returns by overleveraging my positions, I've already done that multiple times in the past and in the end it hasn't gone quite well, but what I'm trying to achieve is to show consistency and prove that you can still make it in the top 10 even with a more conservative approach.
Next week I believe the market will be in expansion mode. What do I mean by that? is that after the most recent small daily ranges the market will always expend with larger daily ranges.
Best Regards,
Daytrader21
