October Trading Challenge - Let's Get Cracking

Welcome,

I started this challenge in September as an accountability project for myself to improve my position sizing, which I’ve struggled with at various times in the past.

My target was a modest 50% return for the month ($2,500), which I achieved in 4 days of trading quite conservative position sizes on high Risk / Reward trades. These trades were made based on the insights gained from the data I’ve been collecting and sorting over the past 4 years, and I posted P&L and a Trading Journal summary each day to record the progress.

I received a lot of feedback that this was beneficial to many people, so thought it would be worthwhile going through the process again, hopefully with a similar result.

Challenge Outline/Requirements:

$5k initial balance

Minimum 2:1 R/R ratio for all trades

70%+ probability of success for all trades

Target 50% monthly return

Products Traded: Aus200 Cash/UK100/SPX CFDs

Lessgo.

Marto