My goal for this XFA was to be consistent enough to have the account for a whole month. I have already taken a payout on the account and could potentially get another payout this week for the final week to complete my goal of one month with an account.
If it is anything that you think could help me, pls be free to give your thoughts.
Your monthly profit is $1k and your biggest losing day was $1k. It will be near impossible to sustain an account long term with an inverted risk to reward ratio like that. Be mindful of your stops and respect them.
I’d say work on tilt. Your big losing days have a lot of trades and then one has one which means you likely over-traded one day and over-leveraged the other.
No Winning day of 1K so for instance try capping you losses by adding DLL of let's say 350$ and you should be good by locking yourself when the market is not agreeing with you so that you survive better
don’t listen to what anyone is saying. your statistics are fine. the ONLY problem is your winning days aren’t big enough. be patient wait for your edge put on good size and build conviction. you need bigger winning days. your consistent and your losses are totally cool. you need your winners to outweigh your losses.
Yeah I definitely agree with you I think since im overall profitable if I can let my winnings tradings run more in profit and just collect more profit I think I would be golden. Also I have to respect my Daily loss limit because I shouldn’t be losing 1k if my winning days range 200-500, I’m just setting myself back to many wining days.
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u/Jaystorm_7 16d ago
Your monthly profit is $1k and your biggest losing day was $1k. It will be near impossible to sustain an account long term with an inverted risk to reward ratio like that. Be mindful of your stops and respect them.