EURUSD- 100 Dollar Challenge (Trade 1)
Hi all,
I haven't posted much as of recent times, so I've decided to start something I'll call the "100 Dollar Challenge", which is pretty basic and I'm sure commonly attempted by many people. The point of this is to show people what you can do with trivial amounts of equity on a live account. This will show that how much equity you have is truly irrelevant, and rather a proper risk management strategy and trading plan trumps all.
I will give my stats with every trade I execute, so that you can see how much money I've started with, and what I plan to take as a target. With each subsequent trade, I will show you my start balance, so you will know whether or not I've profited or lost, and by how much.
I will also mention that I have begun to take an interest in coaching people and giving private lessons on technicals for trading. I'm only doing this because I have confidence that I've developed strategies that make me a consistently profitable trader, and I'd love to teach anyone and everyone that feels that they are struggling. Please send me a private message if you are interested! I believe it's far more valuable that traders learn how to trade independently rather than depending on published Tradingview charts.
Symbol: EURUSD
Starting Balance: $100
Position Size: 2,000 units
Take Profit: 122.6 Pips ($24.52)
Percentage Profit: 24.52%
Stop Loss: 50 Pips ($10.00)
Percentage Loss: 10%
Entry Price: 1.12175
Profit Price: 1.13401
Stop Loss Price: 1.11675
I haven't posted much as of recent times, so I've decided to start something I'll call the "100 Dollar Challenge", which is pretty basic and I'm sure commonly attempted by many people. The point of this is to show people what you can do with trivial amounts of equity on a live account. This will show that how much equity you have is truly irrelevant, and rather a proper risk management strategy and trading plan trumps all.
I will give my stats with every trade I execute, so that you can see how much money I've started with, and what I plan to take as a target. With each subsequent trade, I will show you my start balance, so you will know whether or not I've profited or lost, and by how much.
I will also mention that I have begun to take an interest in coaching people and giving private lessons on technicals for trading. I'm only doing this because I have confidence that I've developed strategies that make me a consistently profitable trader, and I'd love to teach anyone and everyone that feels that they are struggling. Please send me a private message if you are interested! I believe it's far more valuable that traders learn how to trade independently rather than depending on published Tradingview charts.
Symbol: EURUSD
Starting Balance: $100
Position Size: 2,000 units
Take Profit: 122.6 Pips ($24.52)
Percentage Profit: 24.52%
Stop Loss: 50 Pips ($10.00)
Percentage Loss: 10%
Entry Price: 1.12175
Profit Price: 1.13401
Stop Loss Price: 1.11675
Trade closed: stop reached:
Stop loss triggered. On to the next trade!