50K Funded Account - Turtle Method

I’ve noticed that, in the past, most of my trades eventually moved in the right direction if I gave them enough time. With that in mind, my plan is to complete phase one in 90 days and phase two in 45 days. My top priority is risk management, especially since there’s no strict time limit for this strategy.

Does this approach have any potential downsides? Could there be an opportunity cost I’m overlooking? Would appreciate any insights…

I don’t like the idea of giving yourself a time limit. Be patient and when you see your perfect setup, take it. You might get two or three setups in a week or you might get zero. As well as I don’t like giving a daily or weekly profit target, no need for extra stress.

@Irving
True, I learnt this as well, you start seeing what isn’t there.

There’s nothing inherently wrong with long term trades, just be aware of swap.

Opportunity cost is some hindsight BS. Everyone looks at “oh I could have made more!” but they never go “wow, that long term trade saved me from making 5 bad ones where I’d have lost a bunch of money”. Opportunity costs go both ways; you can make more trades for more money, or you can make less trades for more money. Locking up funds in a trade isn’t always a bad thing.

I’m also trading like a turtle, a ninja turtle!

Nothing wrong with that at all. I started a 200k challenge account in January 2024 and passed it in October 2024. I’m still on the verification now.

Ridley said:
Nothing wrong with that at all. I started a 200k challenge account in January 2024 and passed it in October 2024. I’m still on the verification now.

How long does verification take?

Ridley said:
Nothing wrong with that at all. I started a 200k challenge account in January 2024 and passed it in October 2024. I’m still on the verification now.

Phase 2?