₦airaland Forum

DXYY:
Usdsek

Buy

Sl; 10.45634

Tp1; 10.85731


Tp2; 11.2

SL hit

Usoil

Buy

SL; 77.577

Tp1; 80.330

Tp2; 86

Tp3; 93

DXYY:
Gbpchf

Sell

SL; 1.16840

Tp1; 1.12019

Tp2; 1.06

+157 pips running

Usdsek

Buy

Sl; 10.45634

Tp1; 10.85731


Tp2; 11.2

peteregwu:
I killed it with a bang this morning, now over to the next phase.

Be like say this year go stew for this thread, weldone bro, go kill the next stage

BeginnerTrader:
ACG $50k phase 2 account smashed, it feels good to be funded once more, thanks Jah!

Congratulations boss, more wins

Donsheddy:
Na who give up fukk up true true...

Fundednext 1 step, 15k live account bagged....

After years of battling of this prop thing....

I passed 15k two step phase 1 last week...
Passed 25k two step 1 this week....

And today ive passed another 15k 1 step account and now funded with my first ever live account....

Damn...
🙏🙏🙏

After 3 years of battling prop firms....

With lots of blown accounts

Congratulations Brody, am happy for you

DXYY:
AUDUSD

Sold

Sl; 0.66836

Tp1; 0.64

Tp2; 0.60

Closed with loss

GabsonFX2:
My people: My promise to this forum is to NEVER engage in anything that will derail this thread.

Only FX trading and profits minded, every non-elementals like the above are ignored.

I promise. 👌

Weldone boss

infofirst:
Above kind of answer some of these.
I am team higher pips o. When I first learn on baby pips some 17 years ago, one of the core rules was to make pips and keep pips. And in reality, I have seen traders that makes plenty pips remaining in the market in the long term. I am yet to see one that makes tiny pips, big lots lasting long. Maybe when I do see, I will change my mind.
Check out Darwinex, it's a typical example.
Check out @shevychen2.

No one can rule out edge o. But most times when I emphasize Risk mgt, it is because I know deep down that most traders don't have an edge in the first place and putting risk mgt in place will keep you longer and perhaps you might develop an edge before your acct hit DD.

I think trader B will be more profitable at the end of the year....

Well said boss

Cashhy11:
And the swing trader won't have breakevens too? 1:3rr is 1:3, if the SL is 100pips or 10pips. You're both subjected to the same failure or success. My stoplosses are mostly less than 15pips and I have more than 70% win rate, so what are you talking about in reality? I've swing traded before and my 60-100pips SL were still hitting than my 7-10pips stoplosses does now.

Don't get me wrong, what I said are just my assumptions am not arguing, there's really no right or wrong way to approach the market as long as it's working for you no qualms.

Cashhy11:
Lool. When it was about the profit aspect, you assumed they'd use the same lot sizes, but now it's about loss, you brought risk management and position sizing into the picture. You're funny.

You got me wrong I made use of thesame lot size just for the sake of knowing who will be more profitable however even at slightly different lot sizes trader B still stands a chance at the long wrong you, you also dint factor alot things as regards trader A, 15 pips is subject to more break even trades, in reality can a 15 pips stop loss have 50 percent win rate?

Gbpchf

Sell

SL; 1.16840

Tp1; 1.12019

Tp2; 1.06

GabsonFX2:
It's long but digest it
The answer is in DXYY. See below, I will add.

First is: The both traders will apply very different risk/money management in the form of lot size. They can never ever be the same, which simply means they both risk same amount in value not pips.

E.g., For a $1K personal account.

If A uses 0.5 lots,he risks $75 on each trade. That's just 7.5% loss.

Trader B would have (must) to use 0.09 lots to risk same $75, loss 7.5%.

Trading style (scalp, day, swing, position) should never be the reason anyone crashed an account cos risk/money management has to be adjusted as per each. The above example is an ideal case and that's what I will use if I'm to be a trader A or B. Any of the two has a tendency to be profitable, there is no better one.

However, if the both traders trade, the win rate you gave B is more than A, which makes your example a biased one, therefore making B profitable in the long. But say they both have same win rate 50%, the fact that they trade RRR higher than 1 to 1. They will again be both profitable, none is better than the other.

All said: one thing that will distinguish them for sure and in the long is edge. In all you do: edge is No. 1, if you like, apply the best risk money management, use 0.01 lot size on a $10,000 account - without an edge, you will still blow that account, it may just take time, but eventually, you will blow the account. So I will say: first thing is to have an edge: KNOW HOW TO TRADE!

Psychology is nothing to me: your edge builds your Psychology, edge makes you money, edge is what tells you when to go in and out or standby. Psychology feeds on your edge.

Above all: B would be more profitable cos he naturally is a swing trader and taking 5 trades per month is just the optimum required of him, however, A is naturally a day trader and can be a scalper in big events, 12 trades in a month is not reaching the optimum number of trade for that style, this simply means: A wil be losing out on many trade opportunities trading 12 per month.

Selah!

Weldone boss, awesome

Cashhy11:
Trader B will definitely yield more return if they both used the same lot sizes. But remember trader B will also have higher drawdowns when the losing streak comes knocking as a disadvantage of the huge stoploss required to swing comfortably. One 80pips SL loss on Trader B account, is more than 15pips SL x 5 = 75pips of trader A.

Also, about the stress-free aspect: The day trader might just decides to trade only 2days out of the 5trading days of the week, and have the rest of the three days to do other things too. Doing that alone, the stress part has been combated.

You are right on the stress free aspect, but about the SL that's where risk management comes in, trader B can risk 80 pips and still lose the same amount of money as trader A with 15pips.

Cashhy11:
Not a stupid question, it's the miseducation from the onset that caused it. Must you catch 1000pips to become profitable? No! Just be right more times than you're wrong, and you're good to go even if you trade a 1:1rr.

@thread
I just need a simple answer to one question.
Trader A:
Risks 15pips to catch 45pips, average trades per month: 12.
Win rate: 50%

Trader B: Risks 80pips to catch 240pips, average trades per month: 5.
Win rate 60%

Who's the better trader, and more likely to yield more return at the end of the year?

To my bosses, @infofirst, & @gabsonfx2. I would like to hear your opinions on this. I know Boss info is a strict #team higher pips with lower lots.
I'm just curious as to why most people frowns so much at day trading, while swing trading is more respected among "professionals"

Am not too good with math but I think using the same lot size trader B is more likely to get more returns due to his win percentage since both are operating in a 1-3 RR,

However swing trading has some advantages

1) it gives peace of mind ( if trader B place a trade and watches the market do its thing trader B would have entered And gone out of the same particular trade more than 5 times


2) Swing trading is stress free


3) you will have time for other things like your job.

All these are just my thought though, at the end of the day na evidence matter.

What an educative question, weldone

AUDUSD

Sold

Sl; 0.66836

Tp1; 0.64

Tp2; 0.60

DXYY:
UsOil

Bought

SL; 76.383

Tp1; 86

Tp2; 92

Risk; 0.34

Closed at 39 pips profit

UsOil

Bought

SL; 76.383

Tp1; 86

Tp2; 92

Risk; 0.34

DXYY:
3rd trade

EURUSD

Sold

SL; 1.08969

TP1; 1.06127

Tp2; 1.05


Risk; 1%


Total risk = 3%

Closed with a loss

DXYY:
Second trade

AUDUSD

Sold

SL; 0.67165

Tp1; 0.62918

Tp2;0.60000

Risk; 1%

Closed with a loss

samfelly:
All d best, sir

Thanks boss

DXYY:
I noticed that there is a minor resistance that might stop price from moving upwards a little above my entry, won't be panick closing but will watch out for rejections around that area, if I see any will be closing the trade and wait till that resistance is broken.

SL hit.

Cashhy11:
Stellar account, I checked now, and it is there. Thought they didn't allow it, because I've checked it before during their free monthly competitions then. So I just assumed they don't allow till now. They probably just added it now, makes sense.

Thanks boss.

Ok boss, uwlcm

erniok:
Good luck bro.

Thanks boss.

Succhris:
Wish you the best

Thanks boss

DXYY:
First trade on the account,

Usdhuf

Bought

SL; 354.244

Tp1; 372

Tp2; 435(might take months)

Risk; 1%

I noticed that there is a minor resistance that might stop price from moving upwards a little above my entry, won't be panick closing but will watch out for rejections around that area, if I see any will be closing the trade and wait till that resistance is broken.

Cashhy11:
BtcUsd long. The H1 has been bullish for a while now, so I believe the recent downward move is just corrective move and the original move which is bullish is about to continue, at least to go retest its recent high. Counter trendline broken, recent resistance broken, currently retested, so any M15 candle closing above the pivot is the trigger for long.

BE at 70064, it's a rounded figure, there will definitely be reactions around that zone. Trade is 1:1.34rr. It's worth the shot. Unfortunately fundednext does not have it, so I'm on the sidelines on this.

Goodnight, we will see how trade plays out in the morning.
First image: H1
Second image: M15

Which type of account did you buy , as there is btc in the one I bought.

3rd trade

EURUSD

Sold

SL; 1.08969

TP1; 1.06127

Tp2; 1.05


Risk; 1%


Total risk = 3%

Second trade

AUDUSD

Sold

SL; 0.67165

Tp1; 0.62918

Tp2;0.60000

Risk; 1%

First trade on the account,

Usdhuf

Bought

SL; 354.244

Tp1; 372

Tp2; 435(might take months)

Risk; 1%