I'm going to show you the number one
thing that you can do to become a better
more successful more consistent day
trader and get profitable every single
month this is the boring side of trading
but you should really listen to this
video now I'm going to lay the
groundwork for this video I'm doing a
200 000 funded ftmo challenge account
the profit goal is ten percent so twenty
thousand dollars we are also in the
middle of strategy Wars which is a one
month period in the trading floor
Community where we trade the same
strategy every single day for an entire
month track every single trade and
submit points to get points for our team
to win so just to prove it I'm going to
show you my ftml account right now
really quick as you can see here clearly
says ftmo clearly says my name Artie and
a two hundred thousand dollar account
started on March 1st 2023 and ends at
the end of the month as you can also
clearly see I started off really really
strong with this account digging myself
an 11
569 dollar hole in the ground but the
Glorious part of about day trading is
that you accept the fact that losses
come and winners come and since March
7th I was able to dig myself out of this
hole to get into profit fourteen
thousand and twenty four dollars meaning
I was just three percent away from
passing the challenge but I got
overconfident and lost two trades back
to back today I'm gonna go over all of
those trades in just a minute so as you
can see here 12 trading days never hit
the max daily loss nor the max loss
overall and about halfway to the profit
Target these were the overall sums for
the end of the day on every single one
of these days so far and these are all
of my trades which I'm going to show you
on mt4 right now so as you can see all
of the trades listed right here total
amount so far is 9876 dollars in profit
and you can see my last two losers right
here now the super boring secret that I
want to share with you guys is
journaling all of your trades now please
don't click away I know this is boring
as hell but I'm gonna tell you why it is
so useful and what I learned so far from
this month of trading so this is the the
trading floor Journal that we give all
of our members I'm going to break down
these columns really quick so you can
see what's going on here first you can
choose the pair any asset that you want
to trade whether it's an industry or a
4X pair or a commodity or even
cryptocurrencies then which session
you're trading either Tokyo session
London session mixed session or New York
you can also select the date on this
cool little pop-out calendar whether you
went long or short your total stop loss
in points and whether it was a win loss
or break even your risk to reward ratio
and your risk percentage and then it'll
automatically calculate your winners and
your losses in dollar amounts right here
as well as your percentage gain or loss
now the most crucial part about this is
taking a trading view screenshot of
every single trade that way at the end
of the week you can recap all of your
trades and see where you messed up in
hindsight and where you could have done
better in hindsight making you a better
Trader in the future so as you can see
here starting balance was two hundred
thousand dollars currently in five
percent profit and my win rate is 50 50.
meaning that I had 12 winners and 12
losses now if you trade throughout the
day whether you're trading London mixed
or New York session it'll give you
statistics overall for each one of those
sessions so because I primarily trade
London session all of my trades are
pretty much here and then there was the
one that I took during New York session
when I was actually in the office
which is kind of cool because right here
I can see that I have a 47.8 win rate in
London session and a 100 win rate in New
York sessions so statistically I should
only trade New York now how can you
learn from your trading journal I can
see on here when I look at every single
one of my trades about 80 of them I let
hit the stop loss but not a single one
of them did I let hit the actual take
profit that I had set and that is my
biggest flaw and I realize this because
I'm trading a new strategy that I'm not
comfortable with so I'm closing my
trades early but if I open up my trading
view screenshots here from yesterday's
trading session I can see that these
were my trades that I took but when I
look at my actual chart and where I had
originally placed my take profits I was
expecting a retracement to the Fibonacci
gold zone right here that would have
gotten me an extra six thousand dollars
on this trade then I was expecting a
reversal at this point as it Wicked out
of Tokyo session down to create a double
bottom I would have made an additional
fourteen thousand dollars on this trade
then I got in again on a Brute Force
signal also considering that double
bottom this would have gotten me an
additional two thousand dollars on this
trade so my inability to let trades play
out and go to take profit is keeping me
at five percent profit on the funded
account versus me how I should have been
holding these trades and I would have
already passed the ftmo challenge it's
been two weeks so far and I'm gonna use
this information to let all of my trades
play out from now on so you can see why
it's so crucial to have a good trading
journal where you can see your
statistics and you can learn from your
mistakes and you can get better as a day
trader this is the boring stuff guys but
the boring stuff makes you more money
period end of story one other bonus tip
that I want to give you using a risk
calculator like the one we offer in ttf
to enter every single one of your trades
is a godsend especially if you're
trading on the one minute like me you
get to enter with a stop loss and a take
profit immediately with one click you
set your risk percentage you set your
risk to reward you literally just drag
your stop loss level to where you want
it to be a swing low or a swing high and
click Send order it will automatically
enter your trade with the correct lot
size risking one percent of your account
balance and the correct take profit
without you having to enter any numbers
manually so you get that risk calculator
as well as this trading journal as
bonuses for signing up membership is 20
GBP per month and you basically get this
as a free gift so it's worth just
signing up for one month to get this
stuff now if you guys want to learn what
strategy I'm using during this month
check out this video right here drop a
like on your way out and we will see you
in the next video