I’m sitting here with butterflies in my stomach as I begin my Dominion Funding challenge. With a $12,500 demo account and a target of 10% profit, I’ve got my work cut out for me. The rules are clear: maintain a maximum 6% drawdown on the original balance and avoid losing more than 4% of the previous day’s closing balance.
Like a chess player studying the board, I’ve marked my charts meticulously the night before. My focus is laser-sharp – this isn’t just about passing a challenge; it’s about proving to myself that I can execute with precision under pressure.
Morning Gold Rush: First Trade Success
The markets opened with Gold showing promising movement. While GJ was trapped in a tight 17-pip range, Gold was making a push toward my predetermined levels. Like a surfer watching the perfect wave form, I waited for my moment.
Using the 5-minute timeframe for entry precision, I executed my trade when price action confirmed my analysis. The setup was textbook – a clean break and close above resistance.
I split my position into two parts:
- Main position targeting 12 pips
- Runner position for catching extended momentum
The trade played out like a well-rehearsed dance, hitting my first target quickly and allowing me to secure profits while letting the runner test higher levels.
Seizing the Unexpected: GBP/JPY Opportunity
Just when I thought my trading day was done, GBP/JPY presented an opportunity too clean to ignore. As my mentor always said, “When the market gives you your edge, you take it.” The setup aligned perfectly with my trading plan – clear levels, clean price action, and definitive targets.
This second trade demonstrated why staying disciplined yet flexible can pay off. By maintaining my risk parameters while capitalizing on clear setups, I managed to secure additional profits without compromising my trading rules.
Day One Reflections and Insights
Today’s session yielded valuable lessons that I’ll carry forward:
- Proper trade journaling isn’t just about recording numbers – it’s about capturing the thought process behind each decision
- My trading plan’s flexibility allowing 1-2 trades per day proved valuable when quality setups presented themselves
- Position scaling continues to be a reliable approach for managing risk while maximizing opportunities
- Having predetermined levels marked the night before helped eliminate emotional decision-making
Starting with approximately $180 in secured profits ( including runners) marks an encouraging beginning to this challenge. While it’s just day one, this performance validates my preparation and trading approach.
Remember, if you’re interested in improving your trading execution, I highly recommend checking out Magic Keys – they’ve been a game-changer for my trading precision.
Tomorrow brings new opportunities, and I’ll be ready with my levels marked and my mind focused. Let’s keep building on this momentum, one trade at a time.
Follow my journey as I document each day of this Dominion Funding challenge. Together, we’ll explore the ups and downs of professional trading while working toward that funded account goal.