PIPSMARSHALL's Posts
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Elliotwaveforec:. Price has changed to d upside direction. Next resistance 1934. Trade at BE Trade Closed
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President Biden speaking live and the markets consolidating. Fmr President Trump speech shakes the market violently |
herkeem:Follow person wey know road |
Matt. 6. [33] But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you. Relating this law to trading, seek the market first and its disciplines then all these things shall be added unto you. It's FREE just apply it |
Last year January, we were all doing contests Now, we have traders passing prop firm challenges Thats progress so far. Everyone should practice discipline this year including me. Staying funded and withdrawing profits consistently is achievable |
Opinions don't mater in this business. If you dont have the discipline to manage risks, don't participate in the business |
samogo1:Success, my Best wishes to you. Don't lose discipline. |
We don’t have to be smarter than the rest. We have to be more disciplined than the rest. — Warren Buffett |
Everyday in the trading business, you have a choice to make, either you buy and sell or you win big and lose small. Choose |
Ebora owu. |
nzechu:His opinion doesn't matter in gold business |
pipfisher:This is wrong. If you are to trade a prop account, 5kusd account size, your daily drawdown would be 250usd. And the target is 400 usd. On a 500usd account the daily drawdown should be 50usd and a target of 150_300usd in 30days. Worst case Is that he loses 50% in a week. Or blowup in two weeks. Have respect for the market. Don't gamble for high expectations |
karkinase:Yes. We analyse and trade the same pair most times, and I have mentored some new traders here, so I trade live with them. When managing emotions, you have to express yourself. If you make a killing or a loss, how you feel after a trading day and plans for the next day, you have to express it. You have to pratice using a journal. |
karkinase:FTA is a team, if you're social with traders here. |
newwise1:I have once gambled and over trade. Go back to demo and make that money but this time know what you are betting on( the trading strategy) After than, know how much you can afford to lose, then you have stopped gambling. |
Lanshile:The normal duration for a challenge is 30days Trading days is the day when you have a active trade. The target is 5trading days, which means you must place trades for a minimum of 5days before you can pass the challenge |
UBA is a useless bank Zenith is worse Access bank is the best |
Jameselias:You won't be the first or last to do anything. There are people who have done it before you, if you listen to them and learn from them, you have tendencies of achieving a feet greater than them. Your knowledge + their experience = your experience. That's how success replicates itself. Its a law. We learn from books, lectures, YouTube videos etc. |
charly20:Once time is up, you get extension when your account is positive. When the clock is ticking, we get under pressure and take forced trades. If you know you can perform under pressure, then time won't be a factor anymore. My first prop account, I didn't hit any daily drawdown but I didn't hit the target at the end of the challenge, I was on -3%. I The account got suspended and lost the challenge. I didn't know, that's how I knew time was counting. The last challenge I did last year was how I knew the difference between trading days and normal calendar. |
while amateurs go broke taking large losses, professional traders go broke taking small profits. |
charly20:Put time into consideration also as you have 3weeks left. Trading days is different from calendar date. Fyi |
the market is an art more than a science |
Most investors treat trading as a hobby because they have a full-time job doing something else. If you treat trading like a business, it will pay you like a business. |
it is never your best thinking that makes big money. It's the sitting |
I have developed the patience to wait as long as it takes and the discipline to act on a moment's notice. |
pipfisher:My strategy cannot take 10 loss. Na only if I over trade or impulse trading that's when sad incidents happen. Its history tho, thank God for patience. |
My holy grail is the stoploss while risk managementis letting the winners run |
To be a champion, you must first think like a champion. |
If you think stock trading is gambling, I suppose you could say the same about brain surgery. To a trained surgeon with the necessary expertise, it is a job with risks that are offset by knowledge, training and ultimately skill. Stock trading is no different |
realone12:What pairs gave you the huge pips profits? I could barely make 1k |
You dey play paid prop firm account like the contests. Please stop gambling unless you keep giving mff your money. Once acquired, the skill of proficient stock trading can never be taken from you. No one can fire you from your craft the way a boss can from a job; it's just you and the market. All you have learned and the experience you have gained can bear fruit for man years to come. |
