Update on both accounts with FTMO:
Challenge 1 - 2nd stage verification, dynamically risking appropriate amount for the account size.
Balance - $97,777
Challenge 2 - 1st stage, copying trades from challenge 1, 1% risk per trade
(luckily one of my losing trades did not copy for some reason)
Balance - $104,390
My challenge 1 is where I am trying to pass this, no matter how long it takes.
Challenge 2 is where I do not want to waste good R, and so copying trades from challenge 1. If I have a terrible run, like an absolute howler, then challenge 2 may fail, but Challenge 1 will still be around as I am dynamically changing risk there to preserve the account.
You can clearly see the yoyo-ing!
But now that I am only executing a single model, with a strict criteria, this has been the last up leg, in a pretty crappy month typically for FX.
Current cumulative R for Challenge 1 phase 2 is 13.50R.
Yes I could've passed by now, yes others could've passed ages ago.
My journey is I switched from Swing (which I did not find as profitable) to Day/Intraday. I had to go back and basically learn a lot more material vs swing trading, this took time, effort and many many trades.
The whole point is not to get funded - SHOCK HORROR!
The point is to be a consistently profitable trader.
Once I am consistently profitable, then this journey of passing challenges will become easier. But the first step which I am focusing on is becoming a consistently profitable trader and managing my risk.
I racked up 184 trades on my Challenge 1 phase 2 account, I would say my risk management is on point. I do not think many could mentally withstand such a long period (since 19th May 2025) without blowing the account.
Now focus is on consistency.
Profit is just a by product of a good trader who is consistent.
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CHART TIME.
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Challenge 1 account - 2nd stage
Challenge 2 account - 1st stage
From my calculations, I need another 13.5R to pass both C1 and C2 fully at the same time, then will have $200k in funding.
If it takes longer, then so be it.
This is the plan for now.
