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Need a quantity surveyor with 3yrs civil engineering experience like Construction of Metal Recycling Buildings, concrete works such as conveyor tank, loading bay, underground tanks e.t.c +2348069380731

Feshizzy:
Very true,
We all have had our fair share of the struggle.
I don blow account taya, to the extent my broker was calling me on on regular to check how I'm doing "I feel they thought I might be planning suicide or going to burn down their office " they just wanted to be sure we are even.
The good news is that I learnt the lesson square.
First lesson, was don't trade Lower TF and if you must, be in agreement with the higher TF and avoid high impact news.
I learnt the latter part the hard way and turning $20 to $132 for a week, then blew it up.

anyway that's just me voicing my humble opinion.

today's photo tips.

i agree with you this i once turned 15$ to 232$ i one week only to blew the acct the following week, trading is quite complex despite the fact that it looks very simple, for example victor niederhoffer was once one respected trade,he blew all his acct in thailand, but i think the way forward can be seen from the words on one trader i hold in high esteem Ed sekyota and he only have one skills : RISK MANAGEMENT.
Newbies can learn alot from that.

Risk Management

(c) Ed Seykota, 2003


Risk

RISK is the possibility of loss. That is, if we own some stock, and there is a possibility of a price decline, we are at risk. The stock is not the risk, nor is the loss the risk. The possibility of loss is the risk. As long as we own the stock, we are at risk. The only way to control the risk is to buy or sell stock. In the matter of owning stocks, and aiming for profit, risk is fundamentally unavoidable and the best we can do is to manage the risk.

Risk Management

To manage is to direct and control. Risk management is to direct and control the possibility of loss. The activities of a risk manager are to measure risk and to increase and decrease risk by buying and selling stock.

The Coin Toss Example

Let's say we have a coin that we can toss and that it comes up heads or tails with equal probability. The Coin Toss Example helps to present the concepts of risk management .

The PROBABILITY of an event is the likelihood of that event, expressing as the ratio of the number of actual occurrences to the number of possible occurrences. So if the coin comes up heads, 50 times out of 100, then the probability of heads is 50%. Notice that a probability has to be between zero (0.0 = 0% = impossible) and one (1.0 = 100% = certain).

Let's say the rules for the game are: (1) we start with $1,000, (2) we always bet that heads come up, (3) we can bet any amount that we have left, (4) if tails comes up, we lose our bet, (5) if heads comes up, we do not lose our bet; instead, we win twice as much as we bet, and (6) the coin is fair and so the probability of heads is 50%. This game is similar to some trading methods.

In this case, our LUCK equals the probability of winning, or 50%; we will be lucky 50% of the time. Our PAYOFF equals 2:1 since we win 2 for every 1 we bet. Our RISK is the amount of money we wager, and therefore place at risk, on the next toss. In this example, our luck and our payoff stay constant, and only our bet may change.

In more complicated games, such as actual stock trading, luck and payoff may change with changing market conditions. Traders seem to spend considerable time and effort trying to change their luck and their payoff, generally to no avail, since it is not theirs to change. The risk is the only parameter the risk manager may effectively change to control risk.
We might also model more complicated games with a matrix of lucks and payoffs, to see a range of possible outcomes. See figure 1.

Luck
Payoff
10%
lose 2
20%
lose 1
30%
break even
20%
win 1
10%
win 2
10%
win 3

Figure 1: A Luck-Payoff matrix, showing six outcomes.

This matrix might model a put-and-take game
with a six-sided spinning top, or even trading.

For now, however, we return to our basic coin example, since it has enough dimensions to illustrate many concepts of risk management. We consider more complicated examples later.

Optimal Betting

In our coin toss example, we have constant luck at 50%, constant payoff at 2:1 and we always bet on heads. To find a risk management strategy, we have to find a way to manage the bet. This is similar to the problem confronting a risk manager in the business of trading stocks. Good managers realize that there is not much they can do about luck and payoff and that the essential problem is to determine how much to wager on the stock. We begin our game with $1,000.

Hunches and Systems

One way to determine a bet size is by HUNCH. We might have a hunch and and bet $100.

Although hunch-centric betting is certainly popular and likely accounts for an enormous proportion of actual real world betting, it has several problems: the bets require the constant attention of an operator to generate hunches, and interpret them into bets, and the bets are likely to rely as much on moods and feelings as on science.

To improve on hunch-centric betting, we might come up with a betting SYSTEM. A system is a logical method that defines a series of bets. The advantages of a betting system, over a hunch method are (1) we don't need an operator, (2) the betting becomes regular, predictable and consistent and, very importantly, (3) we can perform a historical simulation, on a computer, to OPTIMIZE the betting system.

Despite almost universal agreement that a system offers clear advantages over hunches, very few risk managers actually have a definition of their own risk management systems that is clear enough to allow a computer to back-test it.
Our coin-flip game, however is fairly simple and we can come up with some betting systems for it. Furthermore, we can test these systems and optimize the system parameters to find good risk management.

Fixed Bet and Fixed-Fraction Bet

Our betting system must define the bet. One way to define the bet is to make it a constant fixed amount, say $10 each time, no matter how much we win or lose. This is a FIXED BET system. In this case, as in fixed-betting systems in general, our $1,000 EQUITY might increase or decrease to the point where the $10 fixed bet becomes proportionately too large or small to be a good bet.

To remedy this problem of the equity drifting out of proportion to the fixed bet, we might define the bet as as FIXED-FRACTION of our equity. A 1% fixed-fraction bet would, on our original $1,000, also lead to a $10 bet. This time, however, as our equity rises and falls, our fixed-fraction bet stays in proportion to our equity.

One interesting artifact of fixed-fraction betting, is that, since the bet stays proportional to the equity, it is theoretically impossible to go entirely broke so the official risk of total ruin is zero. In actual practice, however the disintegration of an enterprise has more to do with the psychological UNCLE POINT; see below.

Simulations

In order to test our betting system, we can SIMULATE over a historical record of outcomes. Let's say we toss the coin ten times and we come up with five heads and five tails. We can arrange the simulation in a table such as figure 2.

Fixed Bet
$10
Fixed-Fraction Bet
1%
Start
1000
1000
Heads
1020
1020
Tails
1010
1009.80
Heads
1030
1030
Tails
1020
1019.70
Heads
1040
1040.09
Tails
1030
1029.69
Heads
1050
1050.28
Tails
1040
1039.78
Heads
1060
1060.58
Tails
1050
1049.97

Figure 2: Simulation of Fixed-Bet and Fixed-Fraction Betting Systems.

Notice that both systems make $20.00 (twice the bet) on the first toss, that comes up heads. On the second toss, the fixed bet system loses $10.00 while the fixed-fraction system loses 1% of $1,020.00 or $10.20, leaving $1,009.80.
Note that the results from both these systems are approximately identical. Over time, however, the fixed-fraction system grows exponentially and surpasses the fixed-bet system that grows linearly. Also note that the results depend on the numbers of heads and tails and do not at all depend on the order of heads and tails. The reader may prove this result by spreadsheet simulation.



Pyramiding and Martingale

In the case of a random process, such as coin tosses, streaks of heads or tails do occur, since it would be quite improbable to have a regular alternation of heads and tails. There is, however, no way to exploit this phenomenon, which is, itself random. In non-random processes, such as secular trends in stock prices, pyramiding and other trend-trading techniques may be effective.

Pyramiding is a method for increasing a position, as it becomes profitable. While this technique might be useful as a way for a trader to pyramid up to his optimal position, pyramiding on top of an already-optimal position is to invite the disasters of over-trading. In general, such micro-tinkering with executions is far less important than sticking to the system. To the extent that tinkering allows a window for further interpreting trading signals, it can invite hunch trading and weaken the fabric that supports sticking to the system.

The Martingale system is a method for doubling-up on losing bets. In case the doubled bet loses, the method re-doubles and so on. This method is like trying to take nickels from in front of a steam roller. Eventually, one losing streak flattens the account.

The time to buy Real estate is now.

itsrealmehn:
oga you dey find buyer sorry

God will provide for you so you too can buy, people are buying from abroad already. Don't let this opportunity pass you by.

[quote author=adeniyia33 post=44878776]Hi Tom29i,
Pls which broker are u using and do they accept Naira deposit too? Difficult getting fund accross to my broker as it has no rep in Naija.

that fund is just too small, good luck anyway!

Many hardworking intelligent people have been faced with the challenge of identifying the right investment, with the global economy crash knocking,banks savings,stocks and securities are not safe anymore.These properties will surely double your investment in this perilous global economy only if you can secure a very a safe and cheap property with potential upward returns.This property will seems like a panacea for all financial ills- a combination tax shelter, savings account, retirement plan, investment portfolio, and can’t-lose-get-rich-quick scheme all in one, as the property market in lekki and ajah build to fever pitch level, the name of the game is ‘Buy now, before it’s too late. A lot of mega projects are ongoing in this area such projects include :The Lekki Free Trade Zone (LFTZ)
The multi-billion dollar Dangote Refinery
Shoprite
The proposed Lekki International Airport
The Lekki Sea Port (on-going)
The Lekki Deep Sea Port (on-going)
Proposed 4th Mainland Bridge.
Beach Resorts
Luxury Golf Course.
The new site for Pan Atlantic (formerly called Pan African) University
by the time this projects are completed,prices of this properties will explode,it is as sure as death.

EUC Homes is offering both Residential and Commercial Lands for sale in the Ibeju-Lekki. All our offering will be within gated estates.we give
Global Certificate of Occupancy (C of O)
Contract of Sales (The Deed of Agreement)
Lagos State Approved Survey Plan
Layout Plan
Official Receipt for purchase

CHERRY WOOD COURTS
This is located very close to Lekki Free Trade Zone (LFTZ ), just after the ongoing Dangote Refinery.

Location: Oshoroko town. This is before the Lekki LGA. 1 Mile from Dangote Refinery and 30 mins drive from Ajah B/Stop.
Title: Global C of O
Plot Size: 60ft X 120ft
Designation: Residential
Outright Price: N 1.5 million-per plot,

Allocation: Immediate
Monthly Payment Plan: N 200,000/monthly,
10 months instalment available

VICTORIA SPRINGS COURT
This estate is located within the Lekki Free Trade Zone axis, just after the proposed Dangote Refinery.

Location: Origan Town. 1 km from Dangote Refinery.
Title: Global C of O
Plot Size: 60ft X 120ft
Designation: Residential & Commercial – designated areas
Outright Price: N 2 million-per plot,
N 1 million- Half plot
Allocation: Immediate
Monthly Payment Plan: N 250,000/monthly,
10 months instalment available

LAGOON COURT ESTATE
This is located very close to the proposed Lekki International Airport.

Location: Ibeju-Agbe town. 30 mins drive from Ajah bus/stop. It is before the bridge leading to Epe.
Title: Gazetted
Plot Size: 60ft x 120ft
Designation: Residential & Commercial – designated areas
Outright Price: N 1.2 million-per plot,

Allocation: April 2016
Monthly Payment Plan: N 160,000/monthly,
10 months installment

Hurry 100 plots remaining
call for inspection at your convenience
Lanre :07032270340 ,Vicky :08060245112

liljaydee:
I am in need of good soccer tipster that can provide me with just 2 odds daily and i promise to pay 2000 naira after every successful win daily.... contact me through whats app 08185035013

i give you two days trial starting from today, so that you can be very sure,whats app;07059833900

AK284:
At Osawe Floral service, We give you a very decent and clean environment through a wide variety of landscape design according to your heart desire and well manicured lawns, potted vessels, fumigation, general maintenance and cleaning of your homes and gardens, all at a competitive price. call for a month free maintenance today. 07032270340

lack of proper regulations and control of most production companies by Nigerian government agents have made our environment highly polluted, thereby the need to landscape your environment to reduce the effect of this greenhouse gases.

At Osawe Floral service, We give you a very decent and clean environment through a wide variety of landscape design according to your heart desire and well manicured lawns, potted vessels, fumigation, general maintenance and cleaning of your homes and gardens, all at a competitive price. call for a month free maintenance today. 07032270340

FxDuke:
you've got to know when to hold 'em
know when to fold 'em
know when to walk away
know when to run

that the secret to survivin'
is knowin' what to throw away
and knowin' what to keep
'cause every hand's a winner
and every hand's a loser

God bless the him!(kenny Rogers) ;Greatest investment music of alltime

currentprice:
who is ready to sell US CRUDE oil May 16 for 4-5 hours with me within 1pm price candle

it seems oil refuses west movement !

AK284:
YOU MAY TAKE A LOOK @ THIS: Buy WTI OIL NOW ;SL-39.65,TP-41.05

profit taken (350pts.) oil to begin downward movement,watch closely.

YOU MAY TAKE A LOOK @ THIS: Buy WTI OIL NOW ;SL-39.65,TP-41.05

pocoapoco88:
too many new monikers,wia r d old ones? Can only c a few.all d una weldon

chairman you still dey this bizz so?

Feshizzy:
Dear Maris, what pair are you on and what side of the market are you in?
For AGEA, I really haven't heard about them, do check to see who's regulating them, just be sure they aren't one of those bucket broker like etoro,

Regards,
EF

AGEA have been in the game for long[over 10yrs] formerly marketiva, they are not bad actually.

Hello traders, i back for second missionary journey, i just refunded my acct after trading my first acct out of bis purely due to greed. Thank God Giving up is never in my dictionary. Time shall tell anyway,hope to emulate successful traders in d house.

Joshuabak:
Well if you don't mind a 30k job. let me know.

Oga joshuabak pls i am interested. knjide@gmail.com

pocoapoco88:
HURRY NOW! Look 4 a broker dat offers usd/naira and keep buying and d sky wud b ur limit

my friend you still dey come here. i saw in one of your post that you talked about been frustrated about forex, good to see you come back anyway.

iheanyiebeneze:
sell eu now @1.06130 for 30pips take profit. rrr=1;1
but sell gu @1.5140 for 40pips take profit, rrr=1;1

but E/U refuses to move no thanks to Thanksgiving holiday.

iheanyiebeneze:
yes

Boss you are up by what percent% ?

Anyone here participating in the forextime contest that started on Monday?

where she come take picture with Ramires ?

Good job by Nigerian police! Baba Falae please come and confirm the face of the alleged motorcycle rider.

jamace:
Trade still valid.

Nice call but i guess it will start northern trip by friday or nextweek

admax:
This supported the claim of someone who said more ladies are single because many guys are jobless.......These protesters are JOBLESS and don't realise (maybe some do) that the man they are supporting contributed to their joblessness in one way or another.

Saraki's children who don't need any job but to spend the Billions their grand father and father stole are in a mansion, probably playing candy crush with their spouse.....while their mates or elder ones are in the sun carrying placard for their father! What a life!!

Hey friend, these guy may be jobless indeed but those our friends will not be involved if not for cash

Fxwarrior:
I would have been a millionaire now if I had been saving up all the money I wasted in forex trading.
Many people don't appreciate the truth but the truth is forex trading psychology goes against how the human mind is wired.
You keep losing instead of quitting, you keep blaming yourself, your system etc

Nigerian ecurrency exchangers are the ones making it as they don't care to know(Do you blame them) what people patronising them do with the eccurency.

I see people (newbies) saying they want to learn forex asking how much they will make. Well as for me I've long moved on.
Forex is addictive, it took me years to finally say Goodbye to forex.

Learn from me and face other offline businesses where you see your money or lose thousands to come to my conclusion, your choice.

We saw a post how a couple made it through frying akara.Many youths will overlook it preferring forex, binary options, betting etc
A word is enough for the wise! Farewell to forex.

Sorry for your great loss of hard earned resources and time invested but i am really surprised how a lot people failed to understand that financial market (forex market ) is the only profession that is unforgiving,make mistake and you pay greatly. I think you took the best decision. Good luck in your newly found akara frying bizs, at least the pain of watching your money vanishing is gone.

Look like some of those kids are not happy (those two tall black ones), HBD !!!!!!, after all late grandpa had all d money stolen.

ChiSun27:
I will get there.

i claim it in IJN

currentprice:
since when i become oga eeeen,,,,,,i am where i am i have ported to forex millionaire alert group

chai Oga currentprice, i envy you but i dey follow nna bumper to bumper

iheanyiebeneze:
USDCAD approaching "ZONA PELUDA".

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