So you want to be a funded trader? (II.)

I have completed Phase I and Phase II within a month. Phase II took me 3 days but since the minimum trading days are 5, I left a little bit more to make next Monday. I am sharing the results below and of course I can share all details if anyone wants to know more. So far, the funded trader experience is acceptable to me and the only question left is whether I will get paid if I do this on the funded account. I will share the experience on that later on. So here are the results of the 10+5% challenge. Considering that the capital is 5k, making 7.5k on it within a month is a good results. If one makes 60% a month on capital, s/he will make 1.4 million on a 5k account by the end of the year! I have made 150%, you can imagine what the result is supposed to be in a year.

One thing you may note on the first profit curve is the dips. Well, during the entire challenge period I did have 2 days when my focus was not strong enough and of course I have my reasons for that (busy day with plenty of distractions), but it is something I should have realized early and should have closed my trades, not because they were not good but because I was not able to manage them due to lack of time and attention that all trades deserve. I strongly advise all traders to recognize signs of upcoming busy times and skip trading for the day if there are too many things to follow-up on during the daily activities. I am a human being and not perfect by any measure, so this is something I do need to improve in the future. You can see I recovered the losses quickly but it is not best practice for sure. The dips have nothing to do with strategy but the lack of a good assessment regarding daily chores for those trading days.

Adding the certificate I received on 3 October. Please note that I took the challenge at FXIFY but I am neither affiliated with it, nor I promote or endorse the company as I do not have enough experience with them. I will share my experience later on. It is the only company I ever tried as I prefer to trade on my own account at regulated brokers and encourage everyone to do the same.