My Plan To Pass A $50K Challenge As A Gold & BTC Trader From Nigeria
Hi everyone, I am Mujitaba Aliyu from Nigeria. I trade Gold and BTC on MT5.
My goal is to pass my first $50K challenge and I want to do it the right way with good risk management.
My plan is simple:
1. Risk only 0.5% - 1% per trade
2. Trade only 1-2 clean setups per day, no overtrading
3. Never trade during high-impact news
4. Always use Stop Loss
For BTCUSD, I am currently watching the 65,100 supply zone for a possible SELL, and 62,450 demand zone for a possible BUY.
Question for funded traders here: What is the ONE mistake that made you fail your first challenge? I want to learn from you before I start.
Thank you.