Mistakes that fail challenges
The handful of errors behind most breached challenges, and the rules that prevent them.
Most failed challenges follow the same few patterns. Knowing them in advance makes them easy to plan around.
The usual suspects
- Trading through big news with full size, when spreads widen and price gaps.
- Chasing the target in the last days with oversized trades.
- Ignoring the daily limit because open trades are still floating.
- Holding over the weekend when the firm does not allow it.
A simple rulebook
- Check the economic calendar each morning and stand aside for high-impact events.
- Stop for the day at half the daily limit.
- Close trades before the weekend unless the rules allow holding.
The News calendar in Alchemyfolio shows high-impact events in your own time zone.