Dshocker:


If truly you are making as you claim, you wouldn't be bothered asking this question.

A right thinking person like me knows you wrote this shit to scam people, else you wouldn't have put up your number.

Awwwnnn

Kotika:
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Interestingly we both are in the same circumstance. I quit my bank job to start solar business and web design business. Though the take profit is not that bad, competition affects profitability. My advise to you will be the advise i have given myself. As you make profits, please invest in real estate. Even if it small self contains you can put up, start by getting the land space and doing a foundation. You will be shocked about how the money will come to finish it. It will give you the residual income to expand more into it...

I actually did reinvest most of the money and its not been good this past few months, i need something that's consistent, my cousin advised to try tech, might actually consider

jackmrandy:


the action or process of investing money for profit. What I am saying in actual sense, is that what you did was not a good investment considering the factors on ground now. But understand that in investment, you either lose or gain. But in your own case now you have lost and you ran quickly to cry to us about your loss. I am very sure, if it had profited you, we will not hear pim from you. So bear the loss bro. It has happened it has happened. Same happened to me 2021/2022 crypto. what makes you a man is your ability to bear the loss.

She was looking for a quick fix not necessarily investment. They rather give the money to the market than pay to learn how it works

etin06:
How much is it currently sold at black market?

Around 980

Athena6:


Thanks for the advice, I guess I will just cut my loses.
It is very painful losing 400k in just a few days 😢

Cut it and reinvest when it feels like its not moving for a long time,infact that's the time to put plenty

CandyOps:
You have to hold till it rises again. Quick maths. You only lose when you sell

Or double down and invest more at the low

Athena6:
Last week I created a thread talking about how my japa plans have been crushed due to the increase in dollar.

Many adviced me to invest in dollar, this was the advice they gave me months ago but I did follow through because I wasn't sure.
My last thread hit front page and 90% of the comments were advising me to invest in dollars, one even quoted that in the past 10 years, the dollar haven't fallen but it increases every year.

One even called me a weak minded person and I am scared to take risks.
After everything I thought to myself, since so many people felt this dollar will keep on rising, maybe I should invest afterall life is all about risks.

Well guess what, dollar have decreased, I invested 3M in buying dollars and now in today exchange rate. I have 2.6M now and I either cash out now or hope it will increase.

Right now, I am very angry.
Those giving me advice should come and contribute the 400k for me o

Another thing, do you think the dollar will increase or should I just cut my loses.
I am so tired 😫

Been in the fx space or sometime now and one thing i know that always burns people's money is buying when its going up, its hardly worked out well for anybody. Will advice you remove about half of it or even 80% and see the other 20 as long term thing and not quick cashout

Wujio:
Smh. I recall stating clearly on the orevious threwd not to biy dollar at all at the current rate that it was too late. Do people ever listen at all?


What advice is that. Did i not clearly say dollar to naira value is in uncertain levels and not to attemot buying it. Many of us kept shouting dont buy dollars anymore una no dey here.


Keep your money in your bank account and thats your best investment for now

I remember giving this advice too but yh people don't listen, they'll rather be driven by greed and lust

Yusufisraelj:



Stop speaking Trash.

@Centpico

You may want to write the following guys, to see how they cope, look for Ejimi the profitable investor or ICT. Write to these guys and get a response from them.

Your limitation at the moment is lack of insight as simple as that. There's something you need to know about trading full time that you don't hence you being overwhelmed.

These are full time traders and I know a bit about thier lifestyle, they live balanced lives.

I know the wahala that comes with trading.

It's my mental health im looking being wary of at this point. The pain of loosing months and having to reinvest even in those months is something else. Being advised to delve into tech and i think i might just send all my resources into that

Blackdisciple:


Hmmm...

If you know much about tech then it's another win bro because there's chop in tech too your cousin actually gave you a good one there..

He actually works in naija for a company abroad, remote job specifically and i actually don't mind that. Will definitely ask more questions to know how to go about it

Wujio:
..

Hope you're good?

last week when the dollar was rising at a very fast rate and looking like it would never come down, some people decided to take advantage of it to stack it up withouth aquiring the proper knowlege of how it works

From experience i have found out that buying dollars when it's going up at that rate is very dangerous infact from my experience in trading not just the dollar/naira issue. Buying any currency when its at it's high is never a good option. The best thing to do if you actually want to gain from the misfortune is to buy when it's not moving, when it feels like its not going up or down for up to a month, two months even. Buying at its high is just being greedy and looking for quick cash.

Imagine buying for 1m at 1300 and finding out it's now 950 or so, thats almost 400k gone from your 1m. That means you lost more money in a very short period than you would have gained, now you have to either cut your losses or wait for it to get back to where you invested from.

I'm not here to judge or criticize anyone but I'll advice people to be patient especially with their money and also learn before investing in anything, anything at all

kristian98:
You have something profitable that has made you over 30million and now you’re looking for something else to do?
Weird

That's total of everything i have made, there's a place for reinvesmemts and losses too. You should know this though

Blackdisciple:


Hmmm..

Well I don't know anything about trading but I thought trading is all smiling because making money in dollars through trading is a top notch, it's like you know much about finance you can get employed by a firm for the monthly pay and still be doing your trading too

It's not all smiling, at all, most times you have to stay strong when the losses come and reinvest when the wins come too to cover losses. It's not as straightforward as most people think.

Can't think of any finance company that pays very much, i actually got an advice from one of my cousins to delve into tech

last week when the dollar was rising at a very fast rate and looking like it would never come down, some people decided to take advantage of it to stack it up withouth aquiring the proper knowlege of how it works

From experience i have found out that buying dollars when it's going up at that rate is very dangerous infact from my experience in trading not just the dollar/naira issue. Buying any currency when its at it's high is never a good option. The best thing to do if you actually want to gain from the misfortune is to buy when it's not moving, when it feels like its not going up or down for up to a month, two months even. Buying at its high is just being greedy and looking for quick cash.

Imagine buying for 1m at 1300 and finding out it's now 950 or so, thats almost 400k gone from your 1m. That means you lost more money in a very short period than you would have gained, now you have to either cut your losses or wait for it to get back to where you invested from.

I'm not here to judge or criticize anyone but I'll advice people to be patient especially with their money and also learn before investing in anything, anything at all

NobleDeSage001:


Sitting before the screen for hours checking and looking at the charts and waiting for the opportunity to come can be very tasking.

Have you thought of algorithmic trading? Since you have a profitable strategy that wins trades, why not automate it.

Implement that profitable strategy into an EA and use your time for something else.
This way, you will spend less time on the screen and you will have control over your mental health.

Also, have you tried Deriv's synthetic trades? They are not subject to fundamental analysis. Now that you are a master with technical analysis, you will make more money on Deriv.

If it was that easy i would have done it since, and even sold it but that's not how it works esp the kinda strat and experience i use

hegelian:

understandably... but you cant trade for just 3 years have that type of success especially giving your background, situations and experience...you are a scam bro, a very big scam

Have you heard of prop firms or you just can't help having a closed mind

Emmacy001:

Can you teach me.
I will pay

At this point I'm actually looking for a way out, not more mentees.

Sirianese:


Yeah thief

Awnnn...

Blackdisciple:


Hmmm
Bro many today leave their houses by 4:30am to beat traffic to work they will resume by 7am then I asked what time do they wake up to prepare for work and for sure they are salary workers and they get paid before ending of the month that one is sure no owing salaries to be honest ooo I prefer the much pay even if it's salary or remote job I don't mind the time to be put in as long as the pay comes, interval can take 1-2 months sometimes but if it will come big no prob.

In that I will not go to rent apartment of more than 500k

I'm actually trying to figure out this remote job of a thing, would really love to know more. Trading is after my mental health at this point

Sirianese:


Anytime mugu fall you go pay na

Mugu fall, guyman chop...mod collect his share

You're actually confuse at this point

Blackdisciple:
Hmmm quit Keeh in this " Na my turn" regime give it one more year from now and see how it will be..

Its not the physical stress that's even the issue its the mental stress it's causing me. My loosing months are mentally stressful and yes the money comes large sometimes but its not as consistent as salary

donhils:
I'm sure he's waiting for people to contact him and say they're interested in trading.

No,I'm looking for alternatives and would be glad if you have one

doneback04:




Here is my WhatsApp number 08162377311 send me messages, I want to learn and do something meaningful with my life a Skil that can help me I feel so much depress some time I hardly sleep at night because I feel am not achieving the things I need to do

Truth is, trading is not as easy as it looks,it also has an effect on mental health,would prefer you tackle your depression first and then see how it goes from there. Trading takes time and alot of effort and money too , really don't want you falling deeper into that depression will advice you look into something else, i don't advice trading. And about you feeling like you haven't achieved much, a lot of people are on that table even me so don't look use other people's race to compare with your's. Its not always greener on the other side

hegelian:

U even dey reply am.. Becoming a successful trader in 3 years and even earning 30million in that 3 years.. Na beans?? 3 years that u don't even know your left from right yet..

And you realise there are traders that have traded for 10yrs with no results right

Olarewaju89:


You are making money and you are still complaining

I suspect scam stories here

It's not about the money anymore,it's taking a toll on my mental health

OgaTheTop2:
You want to quit, in this emilokan regime? Abeg, continue. No jump from frying pan to fire. Nigeria will be what we make it to be. No quit o. He go better.

I'm thinking of investing everything some place else or getting into another career that's more profitable but not as tasking especially mentally

NwaNimo1:
Be grateful you are busy making money no matter how hectic........



....its better than busy being poor!

It's more of a mental thing than hectic, the loosing months can make you go gaga especially after you have invested most of money you gained.

millionboi2:
you believe that nonsense,he is definitely looking for who to scam,I wonder why the mod brought it to front page.

Awwwnnnnn....

Easyincome24:

Not everyone can risk such. Crypto is not for the faint hearted. Moreso, you don't know his level of risk and technical savviness.

He needs to be able to save up to have a liquid cash. Currently earning 12k monthly and you want him to invest in crypto.

That one sef needs a minimum of like 200k to start, and you fit still loose am if you no dey careful

ibinaboonline:
Before I even read the comments, I'm sure Nairalanders are already asking this OP to teach them how to trade, ergo, the true purpose of this post 😁.

Calm down, it wasn't for that purpose but anything that let's you sleep at night though

anslemarinze52:
Why do you wanna quit, unless you feel to venture Into business or other things,I see no reason you should quit.

I use most of the money in reinvesting to get better results especially in prop firms and all