After carefully planning over the weekend for the start of my trading journey, I plan to open a few trades on GBPUSD, EURUSD, and XAUUSD pairs I waited for three days before I started to trade as the weekend is just over the head and I don’t want it to jump in without plan so I planned for the next week bias, I planned where the market might be going, mark my supply and demand zones on trading view and waited for the market open on Sunday evening for the indices and on Monday for the forex. I was planning to take a propfirm account for about six months, I was practicing on demo accounts practicing ICT concepts that you can easily find on YouTube its inner trader circle.
Took 9 trades out of which 4 did not go as planned and 5 were successful, and at the end of the day I was in profit of $240.
My plan was almost perfect but the way I executed needs to be improved as the psychology during the live trade did affect your decisions and plan was not the issue but the way I executed was the issue, for example, the first trade on the EURUSD pair I put a stop loss that was very small whereas according to my plan, it should be the hourly closing candle that created the 1H fair value gap, but my stop loss was a 15-minute candle, I hit the SL.
Opened over all 4 lots short on both GU and EU pairs. And kind of the same happened on the GBPUSD pair hitting SL.
Closing an overall stop loss of $150, I can bear up to $250 USD in a single trade and $1250 overall on this account. So then afterward I waited for the market to reach a resistance level as I was looking for a long, waited for BOS (break of structure) in the market and to find a fare value gap that I could target for a long trade.
I ended it up getting two short and three long successful trades and ended with a profit of $244 after fees. Which is roughly 20% of the target profit ($1500) I require to pass the funded account first challenge.
During the trade at the start of the day, I was I little scared you can say as I took a hit of 4 trades, but I was much happier at the end of the day because I successfully traded on the concepts that I was looking to accomplish. My win rate for today is 55% which is quite good.
What I learned from today is that you should carefully execute the plan the reason why I was not able to execute the plan is due to some disturbance at my home, you need a calm and peaceful environment as trading in itself is daunting on your mind and any external disturbance only takes you to the wrong path.
I was planning to take another trade on XAUUSD as I was looking for a long trade and I could have gone through and ended profit but I backed to not overtrade and told myself to just relax and wait for the next day and wait for goods setup.
