DAY 5-LIVE Trading a 50K Eval Account using
NEW 50K EVAL ACCOUNT CHALLENGE. LET'S TAKE THIS ACCOUNT FROM $0 TO FUNDED, TO OUR 1ST PAYOUT! SUBSCRIBE, LIKE, COMMENT, AND SHARE. LET'S GROW THIS CHANNEL TOGETHER.
(I'm documenting this Eval on this channel as a Trading Journal for more accountability. I want to help others understand how I trade and provide as much value as I can. I'm new to Youtube so your patience and understanding as I grow is appreciated.
Disclaimer:
The footage shown in this video/livestream should not be considered as any form of financial advice. The information provided should be used for education and/or entertainment purposes only.
Our Plan:
Daily Goal of $500 or more
Risk: $400 or less per trade (This give use 3-4 chances to get a winner)
Max Daily Drawdown $1200
Our Strategy:
1. Identify the Higher Timeframe (HTF) Draw on Liquidity (DOL)
2. Identify the HTF and LTF (Lower Timeframe) Orderflow
3. Identify the last confirmed Breaker Block direction
4. Identify where price is in relation to the last confirmed Breaker Block
5. Formulate entries based on TIME (Killzones and Macros)
6. Entry Models:
ICT Unicorn Model/Breaker Block Entry for Reversals
OB Entries for Continuation Trades
7. Take Profit 1: 200 ticks/50 handles minimum
Take Profit 2: 300 ticks/75 handles
Take Profit 3: DOL or zone of possible resistance/reversal
Breakeven in profit if price moved more than 100 ticks/25 handles and is returning to entry.
Look for a better entry at a cheaper price.
FAQ:
1. Personal Account? NinjaTrader/Tradovate. Trade executions via Tradingview platform.
2. Propfirm? My Funded Futures Starter Account
3. Trading History? Started learning the basics about Candlestick Charts and support and resistance in Sept 2021. I started off trading Crypto and learned about Futures and made the switch. Found out about ICT (The Inner Circle Trader) in Nov 2022 and took the ICT 2023 Mentorship where I began to learn about his concepts and Demo traded for most of that year then moved to personal funds. I discovered Ash Trades in Nov 2023 who explained the ICT Unicorn Model in a way that resonated with me and I've been perfecting my trading model ever since. Did some research into Prop Firms and decided to give it a try in Feb 2024. 1st time getting funded was in April 2024.
4. Personal Funds or Prop Firms? I prefer personal funds because it's less restrictive. I can go into heavier drawdown using personal funds because I know how to recover if offside, but with daily drawdown and DCA limits on prop firms, you don't have that flexibility.
5. PNL Statements? The only PNL that will be discussed and/or shown is the Eval account(s) during the challenge(s). My personal account will remain private.
6. Will you show your face? No. My webcam is broken and I don't prefer to be on camera. I prefer to concentrate on the charts and limit distractions as much as possible.
7. Can you play music? No, but you are free to listen to whatever you like. I don't want to deal with copyright issues and again I prefer a very quiet setting. I won't be speaking during the entire livestream. Only when I have something to say.
8. Why didn't you answer my question? Either I didn't see it, it's inappropriate, or it's in the FAQ.
9. What copy trader do you use? Replikanto
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CFTC RULE 4.41 https://ecfr.io/Title-17/Section-4.41
“These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general is also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.”