Spread Trading Journal - 8 Months of Records and Ongoing

[leenchoifutures]

2025.03.20 Update

No changes to positions.

Gold/Silver pair: +$398
Bonds pair: -$1,749.99

 

[leenchoifutures]

FTMO challenge update:

Currently at +$794.82

 

[leenchoifutures]

2025.03.25 Update

No changes to positions, it's booring, but it should be booring.

Gold/Silver pair: +$803
Bonds pair: -$1929.99

 

[leenchoifutures]

FTMO challenge update, 9th day.

Currently at +$2,204.03

Open trades(metatrader4):

 

[leenchoifutures]

2025.03.27 Update

Gold, silver: +$846.01
Bonds: -1419.99

 

[leenchoifutures]

FTMO Challenge Update 2025.03.27

@ +2,895.15

 

[leenchoifutures]

2025.03.28 Update

Gold/Silver pair: +$1418
Bonds pair: -1299.99 EURO

Nearing the end of month, finally floating P/L turned positive. Might clear all positions today and restart fresh next Monday.

 

[leenchoifutures]

FTMO Challenge Update 2025.03.28

+$2,436.84

"Slow and steady wins the race"

 

[leenchoifutures]

Update 2025.04.02

We cleared all previous positions on the 28th of March with a small positive P/L.

Still March P/L is a negative in the end: -$778.56 (-1.91%)
Although minimal damage 2 negative months in a row.

We now have 4 new positions.

6EM25 SHORT 2 Contracts 1.08705
DXM25 SHORT 2 Contracts 103.660

M6AM25 LONG 4 Contracts 0.6255

MCDM25 LONG 4 Contracts 0.6977

Average monthly return down to +4.879% (5% average monthly expected with current account size)

 

[leenchoifutures]

FTMO Challenge Update 2025.04.02

Someone sent us a pm telling us that prop firms are against accounts with multiple users and would not pay out, this was new to us.

After a lot of research and going through reviews on TrustPilot we came to the conclusion that this is true. Also there seems to be a shady 1% rule that states that a single trade should not risk more than 1% of initial balance(which seems absurd). Basically prop firms including the ones we subscribed to (FTMO, 5ers) seem to be looking for every excuse possible to decline payouts.

Since we need to be both logged in(something that goes against their rules) and since what we do is usually selling one instrument and buying another one, the 1% rule is something that we can not work with. So we concluded that the challenge fees we paid, about $1600, were better off thrown in the ocean.

If anyone can recommend us a real proper prop firm, that does not come up with all these absurd rules, please let us know, we would greatly appreciate it.

So we decided to keep trading the FTMO account(ignoring their daily loss, overall loss rules) as if it were a real $200,000 to keep a record, and not treat it as a $20,000 account which it really was. Everything will progress much faster.


Current positions are as follows, we no longer enter fractions of lots since we are going to trade it as if it were a real $200,000 account.