Ok, I need to clear something up before we get into this article. The account is not mine, it is an account of a friend/client I am managing with his consent, of-course.
At the time of this writing the profit went up a little bit on the account, but it's late and i'm too tired to even check the history :) It was a long day and tomorrow will be even longer!
Before I continue into this article, Here is the myfxbook link.
As you can see in the stats, they are solid, the account never went under the initial starting balance which is ideal... there were draw downs and that is totally natural and something that comes with trading the markets. Without risk there can be no reward.
I am not going to keep this post too long because I am more interested in showing how I actually did it and how I trade. Im going to disclose my whole system for free, exactly how I trade and why I enter trades.
If you didn't register for this free to attend event make sure you do so right now and save your spot by clicking here.
I going to go all out in a two part webinar, the first live broadcast will be on Sunday, where I will mainly educate, the second one will be on Wednesday where I will trade LIVE the FOMC meeting in which I expect decent movement on USD pairs.
Ok, so lets get into how I achieved these profits in a brief summary.
All I did was trade market contractions using my trading system, thats how we earn pips in my trading room, price action contractions.
Some we lose... but we win more. - That is all that matters. Consistent profit.
I applied my trade position sizing formula to every trade, took bigger risks when I had profits (risked profits) and it all worked out well, of-course it can and eventually will go against me, I've built resilience into my brain to bounce back from losses which always come.
The trades I took on this account are ALL the trades I released in my trading room, so that should encourage you to give PipsMatter a try.
Since I started writing this post I opened more positions and lost a few but the account is almost at 100% ROI which directly translates to $10,000 which is just lovely!
To wrap up this quick post here is what I did,
1. I applied strong risk management.
2. I only focused on quality trade ideas (the signals I release in my trading room)
3. I focused on day and swing trading only
4. I traded market contractions.
5. I risked higher when I had profits, while never exposing the account to go under the intial starting balance.
6. I looked over my mistakes and weaknesses on a daily basis focusing on fixing them and removing them.
7. I spent a lot of time analyzing the markets before I entered a trade.
8. When I was wrong, I cut my losers quickly.
Thats it, these 8 points helped me earn almost 100% in less than 30 trading days.
If you want to learn how I trade and how you too can achieve these profits then make sure you join my webinar which will take place this Sunday.
I promise to go all out and give you amazing pip making information!
Thanks and Happy Friday!
See you on Sunday!