AM FOST APROAPE SA PIERD TOT!

Summary

The speaker embarks on a financial challenge to turn $50 into $5000 during the summer, a period they consider the most difficult for trading. As autumn begins, they're eager to push their limits further. Currently in week seven, their account stands at $2534.1.25. They share a trading strategy focusing on the EUR/USD pair, aiming to double their account weekly. The speaker discusses their approach to entry and exit points, risk management, and the importance of discipline and strategy adherence. Despite a setback with a stop loss on EUR/USD, they remain optimistic, sharing their ongoing trades and learnings, including a failed gold trade and a potential new EUR/USD entry.

Takeaways

• 😀 The speaker is attempting to turn $50 into $5000 during the summer, which they consider the most challenging trading period.
• 🍂 As autumn begins, the speaker is ready to fully commit to the challenge, aiming to see significant growth in their trading account.
• 📈 The speaker's account stands at $2534.1.25, and they aim to double it each week, with a specific goal of reaching $25,341.
• 💶 The speaker discusses a single transaction on the Euro to US Dollar pair, which was executed quickly overnight without further entries.
• 📊 They analyze the Euro to US Dollar pair on a weekly and daily timeframe, looking for a higher high and higher low pattern to identify a buy opportunity.
• 🏋️‍♂️ The speaker mentions their physical exercise routine, indicating a balance between trading and personal fitness.
• 📉 The speaker experiences a stop loss on their Euro to US Dollar trade, emphasizing the importance of respecting trading systems and strategies.
• 🔔 They discuss the transparency of their trading, sharing their stop losses and wins with their audience on Discord and YouTube.
• 📱 The speaker mentions changing their phone to a Samsung for better filming quality, indicating a focus on content creation alongside trading.
• 🏦 The speaker provides a detailed account of their trading activities, including a breakeven on a gold trade and a missed entry on the Euro to US Dollar pair due to being preoccupied with other tasks.

Q & A

What is the main challenge the speaker is undertaking?

The speaker is attempting to turn $50 into $5000 during the summer period, which they consider the most difficult time for trading, and they plan to continue this challenge into the autumn.

What is the current status of the trading account after the first week of autumn trading?

After the first week of autumn trading, the account stands at $2534.1.25.

What trading strategy does the speaker mention for the EUR/USD pair?

The speaker plans to trade the EUR/USD pair during the autumn, looking for a higher high in a bullish trend, and they mention entering buy positions in a zone they consider suitable for a trend continuation.

What is the speaker's approach to risk management during the challenge?

The speaker uses a risk management strategy where they risk a certain percentage of their account balance on each trade, adjusting this percentage based on their account balance and the number of winning trades they have.

What is the speaker's view on the best time for trading in terms of market conditions?

The speaker believes that autumn and winter are the best times for trading due to what they perceive as more favorable market conditions for transactions.

What is the speaker's strategy for entering a trade on the EUR/USD pair?

The speaker plans to enter a trade on the EUR/USD pair when the price enters their defined attack zone on the hourly timeframe, with stop loss set below the minimum and take profit targets set at new higher highs on the daily chart.

What does the speaker mention about their trading activity on other currency pairs besides the EUR/USD?

The speaker mentions that they post many more currency pairs on their social media, such as EUR/CAD and GBP/USD, but they only trade the ones that align with their anticipated direction and have a high probability setup.

What is the speaker's reaction to the EUR/USD trade not going as planned?

The speaker expresses frustration when the EUR/USD trade hits their stop loss, acknowledging the need to respect their trading system despite the setback.

What does the speaker do in response to a missed trading opportunity on the EUR/USD pair?

After missing an entry on the EUR/USD pair due to being busy with other activities, the speaker decides to focus on other tasks and not open any more trades for the day.

What personal event does the speaker mention that coincides with their trading activities?

The speaker mentions getting a tattoo in Bucharest, which temporarily takes their focus away from trading activities.

What is the outcome of the speaker's challenge after the first week of autumn trading?

After the first week of autumn trading, the speaker's challenge results in a fail for that week, with the account balance at $2180, indicating a loss from the previous balance.