₦airaland Forum

This trade is an experiment of what will happen if 10 trades are taken randomly, will the trader still end in profit?

So far what I've noticed is profit being made and then lost before tp.

meshpips:
In the outgone week, we were undoubtedly "entertained" by @HumbleTrader who seemed to have a piece of his mind to dish out to just about anyone that dared to quote his post.

While many insulted him, I saw a young at heart trader, who believes in himself, is willing to put in the work required and finally, a trader who will become exceptionally good in the near future, if he does not give up when the tempestuous storms of the market begin to blow.

The young trader has been able to raise his own starting capital and was bold (confident) enough to show everyone his trades for the week.

Kudos to you @HumbleTrader. I really wish I can do something about helping you boost you trading capital but in my own little way of encouraging you for the virtues you have so far displayed[b], I will send you some few units of data which hopefully would cover your browsing needs for this new week[/b].

Please accept it as my own little way of encouraging you to continue to forge ahead without fear. I am confident that you will do well.

Kindly send me a DM so that I can arrange for how to send the data to you.

Well done!

Thanks for the kind gesture, dm sent.

I'm about to test a new theory.

Volatility 25 Index

meshpips:
Hello bro,
why didn't you trade these on your cent account?
You can click on the link in my signature to sign up with that Broker. They offer BUT synthetic trading 24/7 all week, non-stop on their my platform.
Give them a trial. You will be glad you did.
Thanks!

Noted.

3 Volatility 10 Index and 1 Volatility 50 Index, they all reached expected take profit, but I forgot to set automatic take profit for the 4 trades, it was when they started reversing I noticed, so I took profit manually.

clems88:
lol I trade live account . Av even withdrawn cash. Just that I'm not consistent. Lack of cutting my losses is what burns my account always

Then keep making profit and keep withdrawing.

Volatility 50 Index

clems88:
lol. I don't make use of this your write up. I trade support and resistance . I still dey learn

Support and resistance isn't hard, start with a demo account, when you're consistently profitable go live, but with money your can afford to lose, I'll recommend $10 that's the minimum for most brokers, that's all.

clems88:
I use the engulfing buy and sell method

No, I meant list it, here is an example of a moving average strategy.

- I make use of 20 and 50 Ema
- I wait for the 20 Ema to cross from below or above the 50 Ema
- From below I buy, from above I sell
- Risk reward ratio is 1:2

OfficialP:
Will. you use 50 lots when live trading

On a 100,000 account size, why not?

So, in a live account, if I enter 50 lot, I'll be told not enough money. Lot size is based on account balance and amount the trader is willing to risk.

In addition, I adjust my lot size in respect to my account size, and my confidence in that particular trade.

Practice the way you trade, and trade the way you practice.

Volatility 100 Index

clems88:
Please oo I'm still a learner I wanna place this trade when market resumes . Is my setup ok

What is your strategy.

Volatility 50 (practice)
This trade ended being above 1:1

v75 (demo)

Volatility 50 (demo)

Volatility 75 (demo)

Day 3 : Growing a cent account

14% In profit
11 Total Trade
10 Successful Trade
1 Unsuccessful Trade

Cad_Jpy
Last trade for the week.

Donsheddy:
Them no dey insult other people wey dey post naw...
Why Dem go insult you...

Nothing we wan use your closed trades do

Boss.

Aud_Jpy
closed.

Donsheddy:
Try dey post chart...
No dey screenshot crop profit dey send naw...
Send chart immediately you take trade naw

So I go chop insult

Eru_Usd
I still have trades with smaller lot size, but if there's a clean entry, I don't mind using a bigger lot size like in this trade, although weekend is here already.

_____________A word on analysis___________
Traders should understand they can only make technical analysis, but can't control the action of another human, someone that just got an inheritance may decide to blow it on forex, and put traders who have been waiting for a clean entry at loss.

Always remember the decision of another human can not be controlled.

Usd_Jpy
I closed the trade manually, to secure my profit.

Aud_Jpy
I used a higher lot size this time around.

Donsheddy:
Use calculator press

1.93% of 10k account size.
1.93% of 100k account size
And so on and so forth....

We work with percentage.
Which means whatever account size.

I worked on 10k ftmo account size so...
Risk $34 per trade which is 0.34%....

Closed the week with $193. Which is 1.93%

That's good.

Donsheddy:
Bank holidays tomorrow...
So im done for this week....

Day 1 - 80pips profit.

Day 2 - 95 pips profit.

Day 3 - 23 pips loss

Day 4 - 23 pips loss.

Total profit - 175 pips.
Total loss - 46 pips

Profit minus loss - 129 pips

Risk per trade 0.34%

Closing profit - 1.94%


Same time next week.

Not a bad week

What was your total profit in USD

Usd_Jpy
Lower time frame

I have closed all my trade for the weekend even though they were in profit.