Sabitlenmiş Tweet
[ Getting funded and failing challenges, Detoxing, Finding the edge, Plan going forward ]
(Long post)
Hi everyone, as every time, I'll do my best to keep this as short as possible and share with you all the important parts you can eventually use for your own benefit.
Getting funded and failing challenges.
First of all, the public challenge.
The public challenge started on the 25th of January, at the same time I took 2 more challenges for 10k from @MyFundedFX simultaneously. The public challenge failed on March 27th.
I will not be getting into statistics of the failed challenge because I don't find it important for this post.
The other 2 accounts got funded and they're still alive.
This specific situation has made me realize how much imaginary pressure I've placed on myself. After that challenge failed I felt like I had no idea what I was doing, while passing these 2 accounts at the same time seemed insignificant. Due to that, I've decided to totally detox myself from Twitter and almost all Discord servers except the #2rrsquad.
Detoxing.
I've realized that I'm getting so triggered by the fact that some random people online comment on my posts telling me how I became their liquidity and all that other bullshit while they post 0 executions, so taking a step back and moving away was something that felt right.
In this ''Detoxing'' phase I've focused on simplifying my FX model and I've also made my own model for BTC which has been based on @doerXBT 's 9 am BTC model.
I tried to understand his model but I've quickly realized I can't really interpret price as he does, but I can read the daily/session bias very well so making my own model has been influential to my trading journey.
In the last month, I've passed two 10k challenges at @CFTradercom trading my BTC model.
This specific situation has made me realize I've been focused on the wrong things for so long.
When you get into trading you always focus on the money, because the trading business is about the money. Unfortunately, the worst thing you can do is focus on the money, because when you do that, it's absolutely logical to look at others that are successful at it. Then your focus switches, you are focusing on what the ''good'' traders are doing. The problem with focusing on what others are doing is that it places you in this weird situation where you get so many mixed results, you see them winning and you find yourself losing and then you don't even know what to focus on, and the only thing you should be focusing on is yourself.
In this process of self-reflection and trading without social media, I've realized I can trade profitably. When I don't compare to others my psychology is so much better because I don't give a single fuck if somebody won a trade or lost a trade, the only thing that matters is how I performed that day.
The key thing for me in this period was:
1) Removing the influence of others
2) Simplifying the model that I understand
3) Backing up the model with data
Simplifying the model and gathering data.
When I took a step back last month, I shifted my focus on myself as I've already said, but what that means exactly is probably your question.
Instead of trying to backtest based on everything I know, I've taken some concepts that I really like, the ones that I find easy to see, and the ones that really don't make my head struggle to figure out what's going on.
After filtering out these concepts I started focusing on time. At what time does the price move the way I want to see it move and at what time it does not. With this specific question, I managed to narrow my trading window extremely. This alone has skyrocketed my backtesting results and minimized so many losses it's unbelievable when I compare it to my other backtests.
Then I focused on entry. How can I get the most consistent entry, that's easy to see and will eliminate emotions and indecisiveness. I've come to the realization that there are 2 easy entry models I can use and data has shown me they're the most consistent ones. I am entering trades based on one of these two models and every other way of entering a position does not bother me, because I know based on the data that I've collected, it's the most consistent one.
The hard realization was that all the rules that go around on trading Twitter such as:
'' You should not trade Mondays''
'' NFP weeks are lower probability ''
'' NY session is easier than London session''
or any other variation that has been taught in courses DO NOT APPLY for everyone.
Rules are made for models, you need to gather data to actually see what days are better for you or worse, to see if you can read heavy news weeks or not, and what session works better for you.
I realized that I still suck on Fridays. 😂
Finding the edge.
After some heavy backtesting sessions with a clearly defined model, the data has shown I have a profitable model. I've also bought so many courses and shit like that, that I knew like 5 other profitable models, but this time it was different, because I made it myself, because it's ''easy'' for me to see and I don't have to think too much about it.
I will NOT be sharing this model just because I know somebody here will take it, repackage it as his own, and make money from it. I have no problem with that, but I simply can't bother to waste my time on this.
I believe simplifying the model is one of the key aspects of consistency because it eliminates impulsiveness.
Plan going forward.
As I've said before the plan is to scale funded accounts and use their profits for bigger account challenges. As I've managed to get several payouts I will be starting a 10k challenge for the BTC model and a 20k challenge for the FX model starting tomorrow.
These challenges will be taken on @CFTradercom and @FTMO_com .
You will be seeing a lot more of my posts going forward from now on because I finally feel like I'm on the right path and progress has been skyrocketing lately.
These challenges have only one goal and that is to be used as forward testing and data collection for progress. Passing these challenges will not change anything in my life, even if they get funded their profits will not improve my life, but they will improve my confidence and understanding of the model.
I've attached the certificates of these prop firms that I've passed challenges in this period because I know that's how Twitter acknowledges ''proof'' while in the end I personally think they mean nothing.
If you read the whole post, you are, as I always say, a true fucking king. Thank you for reading and for your support. Wishing you all a profitable week in the markets. ❤️
English
