samfelly:


ABSOLUTELY!

PIPSMARSHALL:


That is when the trader doesn't know how to add to winning trades. Adding to positions helps increase returns on a trade. Adding to losing trades is just gambling.

Drawdown is a more important factor than the number of position you might have on a trade. If a trader can manage em well, it's good.

FXcandles:
After heavy drop yesterday, oil price now move flat waiting breakout. Oil price steady near 68 and consolidated in the range bands, indecision market still waiting break high or break low near bands line.

Saudi Arabia cuts oil price to Asia,The cut, to go into effect next month, represents a $0.25 per barrel cut month over month.

dmahn:


No sir! Adding to losing position isn't gambling. I've seen Professionals add to loosing positions in as much as price is still in the zone. Adding to losing position with proper risk management is the key. It's take a lot of confidence in your strategy to do that

samfelly:




Ok, 30 days. But, which prop firm dey do FREE TRIAL for up to that 30 days? You know any?

Mystiquefia:


i think Ftmo swing account can hold trades for a month or more.
Av been using Ftmo "swing" account to trade for a month, because i wanted to access my trading skill for a month and not just 2weeks. Sometimes i find it difficult to pass the biweekly target of 5%, but I'm usually able to pass my own target of 10% for the month.

but i cant say if trades are trackable on account metrics after the usual 2weeks free-trial expiration date.

samfelly:


Oh, really? Let me go ask their support some questions

samfelly:
Come to think of it, why boss PrinceofWallstr wants the 2% DD is because 2% of 50k is 1k, which is not bad.

Oya nah, 2% DD stays.

But the question now is, are we using prop firm free trials account for the competition or we are using none prop firm (random broker), which have no drawdown parameters drawn into the accounts?

Remember, fxblue no get Daily Draw in their settings.

Modified: I think we can use that Max drawdown (cash) to work for the 2% daily drawdown

Donsheddy:


Lets use prop firm...
It is more accurate...
Even if it means opening another trail at the end of the first one... And merge both results together....

I know for one that fxbook daily drawdown can be byoassedy and i dey sure say most people here know to go around it.. even me too....

Simple everybody register and send in your ftmo matrix link...
After the first one we open another one for another two weeks and continue....

realone12:
14 days is ok bro. why make things complicated. wether 2 weeks or 4 weeks, good traders will always find their way to stand out among the rest

nzechu:
omo with many more contributions u will become more confused on what to actually do. and people will actually advice wat will favour them. so let the rules come from the organisers. they know wat they want to see in the winners.

you can still win competition with longest duration, 0.01 lotsize and 0.5 percent drawdown and still fail the real funded account. so pls let's tone down with the contributions. let organizer fix the rule. thank u

nzechu:
omo with many more contributions u will become more confused on what to actually do. and people will actually advice wat will favour them. so let the rules come from the organisers. they know wat they want to see in the winners.

you can still win competition with longest duration, 0.01 lotsize and 0.5 percent drawdown and still fail the real funded account. so pls let's tone down with the contributions. let organizer fix the rule. thank u

samfelly:
Come to think of it, why boss PrinceofWallstr wants the 2% DD is because 2% of 50k is 1k, which is not bad.

Oya nah, 2% DD stays.

But the question now is, are we using prop firm free trials account for the competition or we are using none prop firm (random broker), which have no drawdown parameters drawn into the accounts?

Remember, fxblue no get Daily Draw in their settings.

Modified: I think we can use that Max drawdown (cash) to work for the 2% daily drawdown

Succhris:
This two weeks timeframe is not going to help swing traders at all. Best is one month

realone12:
abeg let this 2% DD no hold. I use God beg una....

in trading, just as too much freedom no good, na so too much restrictions no good too.

everything should be moderate and balanced to give room for good traders to emerge. let's not make things more difficult than it should be.

the traditional 5% DD ain't bad at all.

infofirst:


Best is one year for swing traders

OfficialP:
You are absolutely right. it hurts me that no one (including me) have been successful with prop firm. I know this coming one will be different

pipfisher:


2% drawdown is no long risk management. Even for a 10million dollar account, no one will force a professional trader into such corners.

infofirst:


Best is one year for swing traders

Succhris:

Galleryeasy:
You guys are unbelievable honestly, the sponsor said what he wants and some folks are coming up with their own rules, why don't you go and tell TFT or MFFX that they should adjust their set of rules just to fit you? Ok @ princeofwallstr take the competition down so that they will sponsor and come up with their own rules simple

the one and only Galleryeasy , abeg, no spoil show for us o. We don accept the 2% DDD. Na duration of the competition we dey try wan agree on now; 14 days prop firm standard or 30 days broker otherwise standard

samfelly:


the one and only Galleryeasy , abeg, no spoil show for us o. We don accept the 2% DDD. Na duration of the competition we dey try wan agree on now; 14 days prop firm standard or 30 days broker otherwise standard