in Journal

Prop firm challenge for Forex

I cannot believe that this is my first blog post of the year. I really should have continued to share my experience. I did not document that does not mean I stopped my journey to be financially free .

I shall be counting money like this soon 😉 Photo by Karolina Grabowska from Pexels

Talking about freedom, I think nowadays it is even easier to make big money than before . You don’t even need your own investment to risk. We have so many prop firms offering us so many opportunities. Granted these are not easy to win but at least the opportunity is there.

I myself am in the middle of a challenge now. I’m taking the test for 5%ers. I’m not doing very well but it is still an ongoing project. I still got 6 more months to prove if I would get the investment. It would be wonderful to win the challenge.

So right now I have two strategies . Swing and day trading. I’m honing my day trading skills still but I feel I’m ready with swing trading so my prop firm challenge is on swing strategy. It took me 6 months to develop my strategy . However, right after I took the challenge, I was slapped with the worst drawdown ever. Market was in consolidation mode so I took a big hit . Now I’m trying to get out of it with a few tweaks. 

I will definitely share my experience on this journey . 

Meanwhile I’m also working on my day trading strategy . This is the one which I’ve been trying for many years. I’m ok with it but not worthy of taking the challenge in the prop firm as yet. I feel day trading is more suited for prop firms and gives more bang for your buck . 

So as you can see, things are moving on my side, slowly but surely. 

I sincerely hope that I can make it to the next level. 

Wish me luck 

Happy pippin’