Hey guys,
today was the day. finally I was able to create my account and put 100€ in it.
But wait there was more....
Unfortunatly I had to do some verfication process first. I uploded my passport and an adress confirmation(gas bill).
I hope that during the night or tomorrow morning my account will be fully valid and I can start Trading!
So the account will be ready in a few hours I hope.
Now what is more important. As I told trading with only 100€ is very dangerous especially when trading with leverage.
Of course I want this challenge to be a success. So it is very important to have strict rules! Otherwise I might blow up my account after a few days.
So this will be my rules for the 100€ Trading Challenge:
start the account with 100€
show every action with screenshots for a maximum of transperecy for you!
Post the Trades before I place them. ( This is a very important point because you can really be part of my trades then.Most of the time I might post setups in the style of : If this or that happens -> place the trade with this stop and take profit etc)
Max Trades per day = 5 ( I need to focus on really good setups. And I dont want to overtrade + it saves time)
Max Win / Max Loss trades = 3 ( If I win or lose 3 trades a day I stop trading for that day. Saves me from overtrading and saves wins/ keeps losses small)
Max risk per Trade 3% ( I dont want to risk more than 3% or 3€ at the start of my balance)
Max loss per day 10% ( If there is a bad day I might get 3 losses + bad closing prices so 10€ should be max loss at 1 day
first payout at 200€ (If I should make it up to 200€ I am going to pay out 100€ out of the account and I am going to give the money to you!!!- the steemitstocks/steemittrader community!!!)
This should be It so I hope my account will be ready soon so I might start with my trading as fast as possible!
I am very happy to start soon. I hope it will be a success. But even If i stick to my rules I might blow up my account after only ~10 Days. So keep my risk advice in mind:
Trading-especially with leveraged instruments is very risky. You might loose up to 100% of your invested capital. Never invest more than you can afford to loose. Dont risk money you need for your daily or future living. I am posting all of my trades during that challenge. But that does not mean I advice you to trade them. I am not allowed to give any investment advice. I am not responsible for your losses. In short - be smart, watch your trading behavior and stop trading before you get in trouble.
In the last Episodes I was talking about my preparations.
100€ Trading Challenge PREP #1 What WE have (Spoiler: Not much)
https://steemit.com/money/@steemitstocks/100eur-trading-challenge-prep-1-what-we-have-spoiler-not-much
100€ Trading Challenge PREP #2 What WE need
https://steemit.com/money/@steemitstocks/100eur-trading-challenge-prep-2-what-we-need
100€ Trading Challenge PREP #3 Wich instruments are best for my trading?
https://steemit.com/money/@steemitstocks/100eur-trading-challenge-prep-3-wich-instruments-are-best-for-my-trading
And the little Update
https://steemit.com/trading/@steemitstocks/100-follower-special-100eur-trading-challenge-update
100€ Trading Challenge PREP #5 : Lets get started!
https://steemit.com/trading/@steemitstocks/100eur-trading-challenge-prep-5-lets-get-started
So stay tuned for Updates.
If you like trading and my blog and you want to stay updated , please UPVOTE, RESTEEM and FOLLOW for more. And use the tag tc100.
Thank you very much for your support
steemitstocks