zonall:


...still active, half of the position closed in profits.

SELL
E: 0.5939
S: 0.5949
T: 0.5789
RR - 1:16

infofirst:
As some pipish and mesish and vapish people are on full time to scam us on this thread. Some amazing folks are striving to bring rewarding information and offers to improve us here as a family. May those offers come tru.
Be on the look out.

So quick one, what can a $10k challenge giveaway do for you if you win it here randomly without any competition ? How long can you pass it? If you are to nominate someone to get the giveaway instead of yourself, who will you nominate here?

rainlover:




BALANCED BASED: let's assume you have a starting balance of $10k with a daily drawdown of $500

Now - you only breach the account if your balance reduces to $9,500.

I.e - even if you made some profits, but later lost it, your account remains active so long as it doesn't get to $9,500.


EQUITY BASED: let's assume you have a starting balance of $10k with a daily drawdown of $500

Your drawdown counts begins from the highest equity attained within that day.

Equity means: Opening balance + floating profit and loss

Eg: you took some positions and your PNL got to $1000

This means that you have trades in profit and your equity would be $10k + $1k
That's $11k

Now here's the catch..

After reaching $11k and your trade(s) reverses , reducing your equity to $10,450 ($11k - 5%
)
You will lose the account because, you lost 5% of daily equity.

So in conclusion; if your account is equity based, just keep making profits and don't come down to -5% of whatever equity attained within that day.

Hope this helps

Kaybee7000:


Kmoney api weekend, anything for ur guy been a good digger,abi are u not?

Kaybee7000:
Still don't know y some people are nominating a chronical ACCT BLOWER just because u Wana know if he is real or not,we are know he is not real and he can't make even 2% ,so y u wan testrun him with someone hard earn money still baffle m



For the nomination,I am not nominating anyone until we see their performance from probably 2/3 previous competitions,it is not necessary dey make specific Target but atleast to know their actual performance/risk management,maybe we should hold on till this August end and den check the previous performance of those people they have been nominating,it is not all about getting acct but about not blowing it ANYHOW cos this is someone hard earn money which u can't just get and do it anyhow

PEACE ✌️

klinksd:
It is funny how in this group, traders decide to look away from the obvious for reasons best known to them.

...you are considering someone who has won or has been given prop accounts in the recent past and is still unproven or is it someone who has openly admitted to psychological issues and discipline during trading or is it someone who is coming out of an unsettling situation or is it someone who has indirectly said that he does not trust his trading judgement these days or even someone, who keeps anticipating when he would place his trade.

Meanwhile, the likes of @peteregwu, @donsheddy @zonall and others, who are first and foremost, active in posting trade calls they take, then fairly and consistently profitable, are getting few mentions...make una dey play dey go.

@infofirst, much respect boss, I come in peace.

Petah:
I think the safety way for me oooo, just my own plan and belief, is to trade below your DD.
This is what I am planning to do.
If my DD is $500 on a $10k account. I tell myself I am only using $500 to trade per day and not $10k.
Then I divide the $500 by 4 = $125
For each trade I risk about 25-50 dollars.
I use the babypips position size calculator to get the lotsize I should use and how many pips.

I realized this after I lost my blueguardian $10k account I won as a giveaway on Twitter due to DD violation. I thought that when it gets to $500 for the day they will log me out till the next day, omo. When I couldn't place trade the following day. My eye clear. $10k account was sold for $87. I checked the price. He pain me gan.

Please note, that's my own plan on my risk management.

Elliotwaveforec:
To avoid DD being hit, calculate your daily (not overall) DD and make it your capital throughout.

Ignore to the original capitals of 100k, 10k etc.

Kaybee7000:
Still don't know y some people are nominating a chronical ACCT BLOWER just because u Wana know if he is real or not,we are know he is not real and he can't make even 2% ,so y u wan testrun him with someone hard earn money still baffle m



For the nomination,I am not nominating anyone until we see their performance from probably 2/3 previous competitions,it is not necessary dey make specific Target but atleast to know their actual performance/risk management,maybe we should hold on till this August end and den check the previous performance of those people they have been nominating,it is not all about getting acct but about not blowing it ANYHOW cos this is someone hard earn money which u can't just get and do it anyhow

PEACE ✌️

klinksd:
It is funny how in this group, traders decide to look away from the obvious for reasons best known to them.

...you are considering someone who has won or has been given prop accounts in the recent past and is still unproven or is it someone who has openly admitted to psychological issues and discipline during trading or is it someone who is coming out of an unsettling situation or is it someone who has indirectly said that he does not trust his trading judgement these days or even someone, who keeps anticipating when he would place his trade.

Meanwhile, the likes of @peteregwu, @donsheddy @zonall and others, who are first and foremost, active in posting trade calls they take, then fairly and consistently profitable, are getting few mentions...make una dey play dey go.

@infofirst, much respect boss, I come in peace.

infofirst:
As some pipish and mesish and vapish people are on full time to scam us on this thread. Some amazing folks are striving to bring rewarding information and offers to improve us here as a family. May those offers come tru.
Be on the look out.

So quick one, what can a $10k challenge giveaway do for you if you win it here randomly without any competition ? How long can you pass it? If you are to nominate someone to get the giveaway instead of yourself, who will you nominate here?

nzechu:
Where do we go from here. Up or down.

We will know after this coming week's candle. (Although I would preempt a buy)

Stay tuned

Witchcraftfx

rainlover:
balance based isn't scam sir. Your account had daily equity drawdown rule.

Understand this: some accounts are balance based with daily equity drawdown rule.

seeteazain:


You can state your opinions without being arrogant

infofirst:
As some pipish and mesish and vapish people are on full time to scam us on this thread. Some amazing folks are striving to bring rewarding information and offers to improve us here as a family. May those offers come tru.
Be on the look out.

So quick one, what can a $10k challenge giveaway do for you if you win it here randomly without any competition ? How long can you pass it? If you are to nominate someone to get the giveaway instead of yourself, who will you nominate here?

Edd1e:
Balanced based will always supersedes Equity based firm. Choose wisely

abham:
I nominate kozmicity, reserved trader with a lot of potential and always improving.

The guy has so much enthusiasm in trading and always strives to be the best. Recently his analysis has been top notch but his entries has been a bit off. Just like donsheddy, if he is given the account he will be more meticulous about taking trades I am confident he would guide the account judiciously to achieve withdrawal.

we can also see that his DQ was not as a result of conscious mistake.

dottozil:


Apart from being a scammer sef , I no fit advice make we give give person wey no serious, join competition to test yourself he no gree join, how we won know whether that one na trader? I will rather give someone who has been testing himself and failing rather than person wey no serious.


On second part I think the giveaway is to commend effort , so rather than focusing on who will lose or not lose the account I think it should be focused on people that has been trying and trying cos at the end of the day losing an account is not the problem but losing it responsibly and making sure we learn from the mistake that leads to the losing of account.

klinksd:
It is funny how in this group, traders decide to look away from the obvious for reasons best known to them.

...you are considering someone who has won or has been given prop accounts in the recent past and is still unproven or is it someone who has openly admitted to psychological issues and discipline during trading or is it someone who is coming out of an unsettling situation or is it someone who has indirectly said that he does not trust his trading judgement these days or even someone, who keeps anticipating when he would place his trade.

Meanwhile, the likes of @peteregwu, @donsheddy @zonall and others, who are first and foremost, active in posting trade calls they take, then fairly and consistently profitable, are getting few mentions...make una dey play dey go.

@infofirst, much respect boss, I come in peace.

kozmicity:


Chief!!!

Thank you for your honours, I didn't know you noticed me as I'm almost always an absentee

Thank you very much for believing in me, see motivation.

samfelly:


What is Monthly saying? Is there a reason to believe price would visit that imbalance (below)?

kozmicity:


Charly20.

He always says he's never ready just yet, but as long as there is no time limit to pass it... He'll do fine.

infofirst:
Do not kill yourself if you are burning accounts. But blame your self if you are with us here and still burning accounts irresponsibly. Accept responsibility as well and blame not any one nor broker nor news when you hit the rocks.
The profitable traders today were once burning accounts here and there.
For the record..., I have burnt 2* $10k funded accts. 3* $100k funded accounts.

And now I know better. Will I do that again? No. I am sharing it so you can learn to avoid repeating same. He get why when I kept talking about risk management and psychology.

infofirst:
Abham
BinaryRocks
BrightFuture48
Dmahn
Donsheddy
Dottozil
Elliotwaveforec
Emmizay12
Fibonacci88
Greatcheer
Hassan50
Karkinase
Kaybee7000
Kozmicity
Lanshile
Metrolane
Nzechu
OfficialP
Petah
Pipsmarshall
Rainlover
Realone
Rhynoemmie
Riverrun
Seeteazin
Tenifayo23
EASYLIFE4US

These 27 names are going into the random selection process shortly.

I no see who nominate @charly20 yet nor @samfelly... In the next one hour.. 9pm naija time.. We will use an auto random picker to select that winner.

If any one wins and wish to pass it to another person or another random winner. It will be allowed.

infofirst:
.

.
.
.

These 27 names are going into the random selection process shortly.

I no see who nominate @charly20 yet nor @samfelly... In the next one hour.. 9pm naija time.. We will use an auto random picker to select that winner.

If any one wins and wish to pass it to another person or another random winner. It will be allowed.

kozmicity:


Charly20.

He always says he's never ready just yet, but as long as there is no time limit to pass it... He'll do fine.

charly20:


My boss, I looked at the question and I just don't know what to answer.

Thank you.

abham:
You have been improving and its difficult to ignore.

looking at current projections, this thread would hit +1k pages before the end of the year.

charly20:


My boss, I looked at the question and I just don't know what to answer.

Thank you.

infofirst:


Oh just now




Considering no time limit. You ought to be ready boss mi. But what do I know

charly20:



Kozmicity and officialp did me the honor.

I nominate samfelly because he is just as resilient towards growth.