2nd January 2024
11:45 London
I was looking forward to getting back to business today but the market can be a bit capricious for these first few days. Hence, the reason I was secretly hoping not to get a trade.
As mentioned above, I am expecting around a hundred trading opportunities this year and I am planning to make the most of every one of them. Since I have vowed to take every valid trading opportunity that my strategy presents this year, I was straight in.
I was expecting the worst and, sure enough, I went straight into drawdown. Another vow I have made to myself, though, is not to close any trades early so I left it alone and carried on with some writing. A short while later, along came my first profits of 2024. Thank you very much.
More importantly, I have won the first trade on the small account challenge, already swelling the account by almost forty percent!
In trying to grow a small account fast, you really want to hit the ground running. Ideally, you need to start your quest with a few wins but it’s impossible to guess the sequence of wins and losses even though I am confident my strategy will produce a strike rate of around 70 - 75% this year. Hence, this is a fantastic start.
Don’t forget to check out and bookmark myfxbook to keep an eye on my progress to the million!