[Preamble:]
Just want to share my experience being a member of PFA since April 2018.
I came to PFA community with a strong bias to day trading.
I was trading Supply/Demand zones using OPM (other people money - Top Step Trader)
At that time I was using Golden Zone Trading SW - very similar to PFA SW.
I was barely making any profit. At some point I violated MAX draw down rule and my account was closed.
Just for reference. Every day I was coming to my trading desk with a notion to gain some # of ticks.
my time frame was 10 ticks range.
After my failure I start looking for proving S/D trading methodology rather than fancy SW.
And I found PFA.
[My first 6 months:]
I set up $100k Sym account, in order to prove that this methodology works for me.
I made in profit ~$2k. Not really impressive.
Than I came to realization that my trading pattern stayed the same. I had a tendency to scalp trading, trying to gain a few ticks every day.
I was sitting in front of computer for the whole day with result way below average. It was really frustrating time for me feeling really measurable.
At that point I decided that my problem is over trading, so switched to swing trading (exactly what was Will promotes) keeping longer time prospective.
[My last 2 months:] Starting Oct 10, 2018
First of all I did set up $5k Sym account and establish my trading rules.
# contracts - 1
# Max loss per trade - $300
# Max Draw Down - $500
# Trade management - R/R >= 3:1
# Trading Methodology- VTC
See my trading results below:
[Lessons Learn:]
1. stick with your time frame:
2. don't exit earlier (what ever you decided during your analysis)
3. don't chase trade
[Conclusion:]
Methodology does work but required a lot of patience (what is my biggest enemy)
I made 48 trades (28 gainers & 20 losers 58% win ration)
During this exercise I did increase my comfort level of trade entry.
Planning to gain 100% before switching to real money.
