It’s an ambition of mine to obtain a Prop Trader position by 2013 end. I’ve spoken to some firms and have been informed that as a Prop Trader I would need to double my account every year, which I average to 10% every four weeks (allowing for holidays, slow periods etc). So this is the standard I am targeting in order to obtain and hold a Prop Trader account.

This blog will detail the trials, tribulations and hopefully triumphs, of my Prop Trader endeavour.

I’ll be trading only Forex, using 3 strategies, which I will refer to as: renko, 5M, and PA.

Renko uses a brick size of 5 on AUDUSD and EURUSD.

5M uses levels that I have developed and PA at those levels, on EURUSD only.

PA uses S/R and PA on the 240M TF, on 30 or so different pairs.

Each strategy is in development. And it may turn out that a strategy or 2 prove to be unprofitable. Plus I’m learning as I go, so there will be errors. But hopefully at the end I’ll have developed a strategy with an edge, and just as importantly, an edge that I am capable of wielding.

I’ll post trades I’m in as close to real time as humanely possible. And tally results each week or perhaps month.

So this is

This blog will detail the trials, tribulations and hopefully triumphs, of my Prop Trader endeavour.

I’ll be trading only Forex, using 3 strategies, which I will refer to as: renko, 5M, and PA.

Renko uses a brick size of 5 on AUDUSD and EURUSD.

5M uses levels that I have developed and PA at those levels, on EURUSD only.

PA uses S/R and PA on the 240M TF, on 30 or so different pairs.

Each strategy is in development. And it may turn out that a strategy or 2 prove to be unprofitable. Plus I’m learning as I go, so there will be errors. But hopefully at the end I’ll have developed a strategy with an edge, and just as importantly, an edge that I am capable of wielding.

I’ll post trades I’m in as close to real time as humanely possible. And tally results each week or perhaps month.

So this is

**The Prop Trader Challenge**, wish me luck.
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