Saturday, September 6, 2014

First target met - Phase 1 Complete


I finally met my first target on Phase 1, three weeks ahead of time as my plan was to make it in maximum 8 weeks.

If I was able to meet the initial 20% target I know it is possible to meet any target as long as I move without rushing, slowly but steadily, having patience to go through the bad days with confidence on the system and the discipline to follow its rules, any trader can definitely make his way to success.

On Monday we continue our challenge and start Phase 2, the next target is US$ 15,000, I will increase the size by 1 contract and will now trade ES (S&P500 e-minis) with 3 lots, expecting to meet next target by maximum November, the 8th.

The rules are clear when I reach the next target at 20 ES points (US$ 150.00 per point trading 3 lots) I will increase size again by 1 more lot, but if I lose and go back to US$ 10,000 then I would have to decrease back to 2 lots and start all over again.

"We all have dreams. But in order to make dreams come into reality, it takes an awful lot of determination, dedication, self-discipline, and effort." - Jesse Owens

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