₦airaland Forum

klinksd:
....the red candle on the crosshair is the trigger...summarily, after some confirmation, I ride {buy} to some historical leftward PA level before the red candle, then, I sell from that level.

klinksd:
...good analysis, well done.

... I expect to sell somewhere between 1818.4 - 1822.1, currently in a buy to that level.

WallStreetfx:
You and this Ur meme na to go open prop firm next year remainoo

obajoey:
This is what I believe will happen to gold.

Head n Shoulder pattern spotted on daily TF.
The last bull run was to retest the second shoulder then a backdown will follow, if not na oyo I dey.

Just an opinion.. We are all learning.

obajoey:
Pls how do you fund IC Markets?

obajoey:
Nice, close it soon o sha, make e no go shock you o..lol

Let's see what will happen by 12 and 2:30

Donvic4u:
Deriv now has mt4?
How is their spread? Any manipulation?

Donvic4u:
Christmas don set for u

obajoey:
2022..lol.

Na sell position I dey. I go just wait for one side first.

Anything above 1805, I close my position, but I doubt it

dasanchez1:
Which broker do you use?

obajoey:
Gold will touch 1720

klinksd:
Oga Gasive, prepare a meme for me oooh...I dey wait for you with my own tomorrow.
...that your account balance dey gbam gbam...well done and cheers bro.

klinksd:
....some people go see 2022 in real life, but would not see it anytime soon in Gold...

@samfelly et al...I hail ooooh.

....Season's Greetings my people...

obajoey:
2022..lol.

Na sell position I dey. I go just wait for one side first.

Anything above 1805, I close my position, but I doubt it

Donvic4u:
Nope...

I just reduced it cos I'm not aiming for much

Donvic4u:
decided to raise my funded account to 10% so that I can qualify for account scaling next month hopefully.


Mt4 account deleted, no more temptation to trade..

Donee trading now...

Donvic4u:
decided to raise my funded account to 10% so that I can qualify for account scaling next month hopefully.


Mt4 account deleted, no more temptation to trade..

Donee trading now...

ILovebigyansh:
It's amazing how the markets can play on one's psychology

A strategy that does well, then all of a sudden starts to get the losses. Then your resilience comes in, you relax apply stricter Sharpie ratio go through the losing phase like a champ. Later on you bounce back but due to the uncertainty nature of the markets there's this doubt in your mind if this "once profitable" strategy is still worth sticking with.

Would it be better if every strategy had a half-life? Say you plan to use trend following for 3 months & then you change to something else for the next 3 months & going on. I'm having this feeling profitability might be more if we traded specific strategies over a specific period of time.

Risk management & Patience

Risk management, or hurdle rate as my people in the hedge funds call it is the holy grail, basically the risk management used on a big account cannot be ideal for a small account. But the risk used on a small account can be adjusted to suit a big account. All things being equal.

Patience is one virtue that requires patience to learn. Sometimes it can be hard to hold losses & also to hold profit. I guess both patience & Risk management is how we deal with the uncertainties in this financial space.

Bull markets come & go, Bear Markets come & go, but the steady players make it through both.

At the end, Trading or investing is a very long marathon.

As we close for the financial year Dec y/y , I wish everyone more wins. See as volatility Just drop this year end sef.

jammer777:
FTA family, gather here if you're happy to see this.

Jameselias:
E shock ooo gam, but I will like to be like you Sha.

infofirst:
If you have a great strategy and poor risk and poor psy, you are not good enough. You must have right combo for all three.

charly20:
Those stats are something to think about.

I usually tell my pals "we are still too young and there is plenty of time"

All the kids these days want to Lambo at 20 years

Next year, I'll be practicing the 10k FTMO package probably from January to mid -year (I've got time). When I'm satisfied with how disciplined my trading gets, then I can see how to go about paying for the challenge. I already did the challenge free trial and repeated the feat twice and passed all but I'm not confident yet.

In a case where I don't get enough satisfaction, I'll do it for the rest of next year.

The year is already ending and I haven't blown that 200usd demo account. It means I'm probably doing something right.

To any young trader as myself in this community, please there is time. A lot of it

All it takes is one year and you'd be managing 200k.

GabsonFX:

PS: I do not insinuate that the participants are not good enough for prop.

Feshizzy:
I believe in you,
One trade at a time.

infofirst:
First try out 10k first. And let the profit from 10k be used to start 100 or 200k. 200k is much more a comfortable figure to start with in my view

Elliotwaveforec:
Ha ha! Your state governor must be Osun state. Lol!

infofirst:
Make sure you get paid and keep your risk as low as possible.

infofirst:
November
New live accounts: 5718
Total amount paid out: US$2,848,357.40
Most trader pair: XAU/USD
Most profitable pair: XAU/USD
Least profitable pair: GBP/JPY
Passed phase 1: 10%
Passed phase 2: 24% of traders who passed phase 1
Reached first profit split: 3% of traders who passed phase 2
Important note: For the start of the month the pass rate was high due to our violation system missing a large number of violations.

Donvic4u:

Took me 5 weeks risking 1% per trade for me to make 8% to pass my evaluation.



Now trading my funded account, I reduced my risk to 0.5% per trade,
And I've made 9% in less than two weeks..
I'vee stopped trading on this account until the end of the year when I'll be paid 75% of my profit plus a 112% refund of my evaluation fee...

PS: for motivational purpose only!

ogashman:
U blew it?