Donsheddy:


sure...
for me..
I don't like using stop loss when trading...
I use that 20percent loss as my own stoploss...
with my 0.1 lots size I need about 2000 pips to get. disqualified...
that's why I take my time to check all the boxes before I enter a trade... with Max of 500 pips target and min of 200 pips target .
one thing I've learnt so far from this contest is been able to know when to leave the market when in profit...
thanks infofirst for giving us this wonderful opportunity...

infofirst:
Top 3 going into 1st weekend
@Aluspeciality $15
@qpetz0 $10
@don_sheddy $5
@Terrafx risk management was the best of the 3 so far. Mr Sniper Trader. Keep it up . Meanwhile, Its just starting as the swing traders are still coming to give a run.
Dm to claim the prize.
Thank You

infofirst:


Stop loss or no stop loss, it does not matter. I am no stop loss traders too. Its occasionally that I do put stop loss. I know when to take my losses. But I do not recommend it o. Every body with their style as long risk control is taken care of.
Leverage is one way I usually control my risk now and position sizing. With low leverage, I am conditioned to less lots. I am moving to 1:10 leverage very soon.


Capital protection is the number one rule one must always have in mind in trading or investing

The second rule is never to forget the first rule.

When your capital is down the drain, you will not be able to trade again. Risk management can never be over discussed.

infofirst:
I strongly hope in the next contest, contestants will be more prudent with their risk management, In this contest, risk management matters as much as the profits. Most contestants are having DD too high even thou 20% is the benchmark. One will expect your DD not to go below 10% . It is contest but remember it is not like other regular contest where luck determines the winner. This is aimed at bringing the best in us and supporting us with some real funds to trade.
Great job we are all doing even to those that have been disqualified and I want to believe we will have a better and improve contest in April God willing.
Special mention to @Harizonal123 @Charly20 @piptocoin21 @akinnairaland, @skanas @copyjose for maintaining DD less than 10%
if you guys I mentioned wants for today, you can reach out to me to get some token for data after we finalize the top 3 for this second weekend by 2pm.

@theyoungmaster, you need to work your way to the top 3 to get the rewards. I exempt you because your DD is high
@candlesticks is exempted too because he started the contest this week.

infofirst:

And second weekend
@Aluspeciality $15
@don_sheddy $10
@qpetz0 $5

Theyoungmaster:

Kai! I was really looking forward to a little something for data. I'm kinda running low. Anyways, corrections taken. I was managing my risk well at onset but when o saw the rash way others were taking positions and jumping above me in the ranks, I had to follow suit. Who wan carry last? Lol. Next week will be better.

infofirst:
The Link for the April contest so we have enough time to join and prepare. The first step after clicking is to read the rules please. I do not like to change rules. The prizes are fixed but solo prizes as usual can come every Friday during the contest.
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1246&rx=1615554740073

haryodehjia:


Wow... Nice work sir

Rules are rules but boss infofirst does it mean we can't trade gold n btc?

infofirst:


You can trade Gold and BTC but you will not be able to win any of the contest prizes if you trade them in the contest or break any of the rules and the system did not disqualify you

haryodehjia:

Okay.. In a nutshell stocks are not allowed

Theyoungmaster:



Kai! I was really looking forward to a little something for data. I'm kinda running low. Anyways, corrections taken. I was managing my risk well at onset but when o saw the rash way others were taking positions and jumping above me in the ranks, I had to follow suit. Who wan carry last? Lol. Next week will be better.

infofirst:


Hotforex does accept that but Icmarkets no but icmarkets is better spread and execution wise.

situations:
Indices Dow Jones 10|3|2021
Direction BUY @ 32191.30 by 16:04 GMT+1 Wednesday
T.P 100pips

infofirst:

charly20:
This week has ended successfully. To me, this is more than a "contest" and I know I can hardly compete with the more experienced traders contest-wise as I'm only two months old and some of us are "years old" in trading. I stick to the objective of the "contest" which is to bring out the best in me. Sticking around here since the past year learning theoretically and watching other noobs get involved pushed me out of my cave to make input. Special mention to @Theyoungmaster, watching your eagerness to learn as a 'newbie' in FTA:20 were catalytic factors in this my learning process.

@infofirst. Your comment on my effort is enough encouragement this week. Your token will go a long way for me though.

My rule is to learn to keep my capital, then learn to make profits on the capital.

While everyone trades with the eyes of 1000usd I see my capital as 100usd. If I go live that is what I hope to go with so 28% return on a 100usd account may not be bad in 2 weeks


I'll get better, it only costs time

infofirst:
I strongly hope in the next contest, contestants will be more prudent with their risk management, In this contest, risk management matters as much as the profits. Most contestants are having DD too high even thou 20% is the benchmark. One will expect your DD not to go below 10% . It is contest but remember it is not like other regular contest where luck determines the winner. This is aimed at bringing the best in us and supporting us with some real funds to trade.
Great job we are all doing even to those that have been disqualified and I want to believe we will have a better and improve contest in April God willing.
Special mention to @Harizonal123 @Charly20 @piptocoin21 @akinnairaland, @skanas @copyjose for maintaining DD less than 10%
if you guys I mentioned wants for today, you can reach out to me to get some token for data after we finalize the top 3 for this second weekend by 2pm.

@theyoungmaster, you need to work your way to the top 3 to get the rewards. I exempt you because your DD is high
@candlesticks is exempted too because he started the contest this week.

infofirst:
I strongly hope in the next contest, contestants will be more prudent with their risk management, In this contest, risk management matters as much as the profits. Most contestants are having DD too high even thou 20% is the benchmark. One will expect your DD not to go below 10% . It is contest but remember it is not like other regular contest where luck determines the winner. This is aimed at bringing the best in us and supporting us with some real funds to trade.
Great job we are all doing even to those that have been disqualified and I want to believe we will have a better and improve contest in April God willing.
Special mention to @Harizonal123 @Charly20 @piptocoin21 @akinnairaland, @skanas @copyjose for maintaining DD less than 10%
if you guys I mentioned wants for today, you can reach out to me to get some token for data after we finalize the top 3 for this second weekend by 2pm.

@theyoungmaster, you need to work your way to the top 3 to get the rewards. I exempt you because your DD is high
@candlesticks is exempted too because he started the contest this week.

infofirst:

And second weekend
@Aluspeciality $15
@don_sheddy $10
@qpetz0 $5

infofirst:
The Link for the April contest so we have enough time to join and prepare. The first step after clicking is to read the rules please. I do not like to change rules. The prizes are fixed but solo prizes as usual can come every Friday during the contest.
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1246&rx=1615554740073

WAVESANDGOLD:



This is unfair. just when I unearth gold holy grail strategy.