Piptocoin's Posts

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Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 10:14am On Jan 09, 2022

samfelly:
Yes, further clarification, please

[color=indigo]hahahaha. This really got me laughing.

The simplest way I can break it down is to let you know we are talking about a competition - not 2 competitions. Even if we have three phases in that single competition it doesn't change the fact it is just one competition with three stages or phases. This means that the results of those three stages must be added to have a unified result.

If that unified or added result meets any of the competition rules then decision will be taken based on that rule.

For example, the rule in a hypothetical competition states that a trader will be disqualified if they lose 12% of their equity. The competition will be held in three stages or phases.

Stage 1 DD

Trader A — 6%
Trader B — 2%
Trader C — 5%

Stage 2 DD

Trader A — 2%
Trader B — 7%
Trader C — 3%

Stage 3 DD

Trader A — 3%
Trader B — 4%
Trader C — 1%

After the three stages of the competition have been completed spaning 3 weeks...that is 1 week for each stage...then the competition is decided like this:

Total Drawdown

Trader A — 11%
Trader B — 13%
Trader C — 9%

Guess who gets disqualified for breaking the 12% DD rule of the competition....yeah, trader B. Trader A narrowly escapes disqualification.

You see, the three stages are still one competition, not two competitions and the result gotten in each stage will have a huge impact on the fate of the trader when they are added or summed up to see if the flout or meet the competition rules. Hope you grab [/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 9:41am On Jan 09, 2022

samfelly:
They really did that? They clipped the guys wings? So no future business for them with that dude?

Ah, dem tough o

[color=indigo]Asin eh... It is what it is. There may be no future business between them as long as the guy continues using that strategy which resulted in the termination. I doubt he will stop using it as it is his bread and butter strategy.[/color]

1 Like

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 9:36am On Jan 09, 2022

samfelly:
Yes, 3 clicks forward, but 2 clicks back, to check the next participant. 5 clicks in totally. And how many participants would we be having? And he need to do this every blessed day o. Anyways, if Infofirst sees nothing wrong in doing dat then we are all game!

Abi, make we pay Gasive to go hire person for Oluwole make he create and design website close to fxblue, but he go come add the Daily DD we are all looking for?

[color=indigo]I agree with you on the fact that it would place a herculean burden on Infofirst to track down daily drawdown. Besides, he has his numerous
personal affairs which demand his attention besides babysitting the competition. I understand his reason for using the ftmo platform to help him track this data. I will suggest a maximum DD of 5% which will automatically take care of both the minimum and maximum DD of 5% and 10% respectively on ftmo.

The reason is that anyone who is able to meet the profit target of 10% without losing 5% of their equity (not balance) will have a good probability of meeting their profit target on ftmo evaluation and funded accounts.[/color]

4 Likes 1 Share

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 9:25am On Jan 09, 2022

samfelly:
Wow, I respect, bro, you really have ur thinking cap on. I never really saw it like this. Thank you.

Hmmm, I still dey ponder on that revelation u made. I don give up

[color=indigo]It is really simple. If we should go the two-phase route, then trader A will be disqualified having met the 10% DD disqualification criterion. This is because the phases are not independent of each other...rather, they are a unit — a competition broken down into halves, a technical continuation of the previous two-weeks so that decision is based on the summation of the statistics generated on the two two-weeks competition. I don't know whether you get my drift but I can give further clarification if needed.[/color]

1 Like

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 8:40pm On Jan 08, 2022

Gasive:
You've said it all...

[color=indigo]I swear...you and your memes ehn... ☺[/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 8:12pm On Jan 08, 2022

[color=indigo]boss Infofirst, I think the one-month duration is more representative of long-term trading skill rather than the two-weeks duration which will lead to exaggerated results that cannot be duplicated in prop firm environment. Moreover, in prop firm funded account one has 22 trading days to be reasonably profitable.

I was going through forexfactory recently and I read where a guy said ftmo sent him a termination of contract email. The reason for the termination was that his trading style did not match the consistent trading skill they were looking for even though he had been profitable and had received payouts about 4 times from them. He admitted that his trading style included meeting the monthly percentage profit in two days or so and trading 0.01 lots to complete the minimum trading days. He also said the account was not long term as his strategy also blows the account which is why he had a number of ftmo evaluation accounts running alongside his funded account. Ftmo terminated all of them fairly as well as reimbursing him where it was needed and also gave him the value of the profits to which he was entitled for other accounts at the time of the termination.

If, truly, consistent long-term trading skill is required for a venture such as prop firm trading, then I think the competition should be modelled after that. Two weeks is neither too short but not ideally representative of long term goals. This is just an opinion and I stand to be corrected. Thank you (and GabsonFX) so much for all the opportunities....past, present and future (if there will be a future one). My appreciation is verbally inexpressible.[/color]

7 Likes 1 Share

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 6:20pm On Jan 08, 2022

charly20:
Abeg

[color=indigo]aswear...e come be like say Tony142 na heavyweight boxer... grin

[/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 6:12pm On Jan 08, 2022

Donsheddy:
Growth is Paramount but hey the challenge is also a good way to test your emotions it won't hurt a bit

[color=indigo]I concur[/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 6:10pm On Jan 08, 2022

Donsheddy:
You no go like share this spirit with me boss... Na beg I dey beg... Since we gas enter spiritual levels

[color=indigo]Eweeh! Like play like play e don enter spiritual levels....guys are not smiling ☺[/color]

2 Likes

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 6:07pm On Jan 08, 2022

Tony142:
Na jealousy go kill you, so because messi and ronaldo knows how to play football ball they should now be banned from playing football, so that other player can carry the ballon D'or too abi? Mumu

Trading is not buy force, if u cannot trade go and do something else, there are over 1,000 ways to make money

[color=indigo]I think you are overreacting to this.[/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 6:04pm On Jan 08, 2022

Gasive:
Piptocoin you see?

[color=indigo]Hahaha. I see am. Samfelly blood dey 100℃ and climbing... grin

[/color]

1 Like

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 3:27pm On Jan 08, 2022

Gasive:
Make una follow me dey loud am now o, make we no bcom spectators for match wey we suppose follow dey play.

BTW, the look below will be inevitable when Donsheddy will be doing his thing.
I don talk my own finish.

[color=indigo]hahahaha...that is why it is competition...for the brave and strong tongue

[/color]

2 Likes

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 2:24pm On Jan 08, 2022

Gasive:
Nice one Boss!

I will suggest that the winner of a previous contest shouldn't join the next(unless they failed the challenge) so as to give others a chance.
Comrades like Donsheddy, Saintfaculty and Samfelly fit just monopolize everything.

Abi wetin I know sef.
Still a humble learner.

[color=indigo]Haba, comrade... grin

[/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 6:59pm On Jan 07, 2022

FreshGuy2:
that's my balance

[color=indigo]Opening multiple positions on a tiny account. That is a classic How To Blow A Small Account.
[/color]

8 Likes 1 Share

Crime › Re: Jennifer Anthony: Missing UNIJOS Student Found Dead In Hotel, Eyes Plucked Out by Piptocoin: 5:06am On Jan 06, 2022

cherishmichael:
The killings of this Yahoo boys is too much ooo

[color=indigo]As long as money is easy bait for girls we have not seen the end of this menace. What would a little girl like that be doing with a guy when she has her studies and future to give all her attention? The truth, however, is there is more to this story and whatever we think or say is mere speculation.[/color]

11 Likes

Crime › Re: Jennifer Anthony: Missing UNIJOS Student Found Dead In Hotel, Eyes Plucked Out by Piptocoin: 4:57am On Jan 06, 2022

[color=indigo]This is what happens when people think the Word of God is outdated and old-fashioned and not meant for the 21st century lifestyle. Girls, love and money are most times baits to the grave. There is a way that seems right to a man but the end thereof is destruction. RIP little girl.[/color]

10 Likes

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 8:18am On Jan 04, 2022

Gasive:
10th please hurry up!
Local man is losing patience.

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 8:15am On Jan 04, 2022

Donvic4u:

To boss Jakpayen,

And to anyone having second thoughts on myforexfunds

My payment arrived less than 24 hours after I requested the payout
Currently sitting in binance p2p

What better way to start the year

All thanks to God
N boss infofirst

[color=indigo]Congrats, man. Keep winning.[/color]

1 Like

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 8:12am On Jan 04, 2022

samfelly:
Many persons no get news time. They focus on technicals. News to them only speed up the market. I have seen someone who just simply took a position before NFP news with Limit Order after checking technical with Fib. He just told me where the market will dance to before heading to its intended direction. It was amazing when I watched the market do just that. He is like Saintfaculty

[color=indigo]Quite true. I don't factor in the news except to know when to pause trading...speaking of news releases. [/color]

1 Like

Romance › Re: My Friend Wants To Come To My Parents House With His Girlfriend To Have Sex. by Piptocoin: 10:10am On Jan 03, 2022

AmancalledGod:
Good morning friend's, please i really need an urgent answer to this, thou for now I'm still staying with my people (parent's) pls is it proper for a friend to carry a woman to your parent's house to sleep over obviously to have sex with the girl, when your parent's is not around. He has be begging me to allow him come over with the girl.

I have agreed shaa, but I'm still thinking of it if i could have a change of mind.

[color=indigo]I'm sorry to say this but I pray never to have a son like like you. So disgusted.[/color]

Education › Re: Beautiful OOU Final Year Student Commits Suicide On New Year's Eve (Photo) by Piptocoin: 7:48pm On Jan 02, 2022

[color=indigo]She was murdered. If only Nigeria police were efficient her killer would never escape the long arm of the law.[/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 5:39pm On Jan 02, 2022

harizonal123:
Will tomorrow be a good day to trade?

[color=indigo]No trading tomorrow, obviously, until Tuesday.[/color]

4 Likes

Family › Re: We Kept Ourselves; No Sex Before Marriage: PHOTOS by Piptocoin: 7:32am On Jan 02, 2022

Kizyte:
Nairalanders, here is my testimony; after more than two years of prayers, God has finally given me my missing rib. I'm now happily married.

Picture 1: Wedding
Picture 2, 3, 4, 5, 6: Pre-wedding
Picture 7: Groomsmen
Picture 8: Marriage Proposal. (Note: I didn't kneel to propose to her)

[color=indigo]You deserve the best in your marriage. This proves that people can actually be in a relationship that leads to marital union without premarital sex involved. Happy married life, bro.[/color]

7 Likes

Romance › Re: My Experience With A 20 Years Old Single Mom by Piptocoin: 11:33pm On Jan 01, 2022

Datboredberry:
I'm sorry... I should have included 'some'... I was pissed

[color=indigo]I understand....that was why I did that. Don't let them get to you. They will outgrow their attacks against women.[/color]

Romance › Re: My Experience With A 20 Years Old Single Mom by Piptocoin: 8:20pm On Jan 01, 2022

Datboredberry:
I'm other words, you're a sex addict...

The redpill... It's of no other benefit than encouraging you to fuçk like an animal... No self control?

You're not on the travel section... Not offering jobs... Nothing more to you...

Every other aspect of your life... Stagnation...

But the positive... Sex...

If I say Nigerian men are a special set of stupid... Then I'm the bad guy...

[color=indigo]hmm...[/color]

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 4:14am On Jan 01, 2022

Pastorjohn2:
Starting my forex trading career this year I hope it goes well.

Spent the past months learning and retesting Snr and SnD strategy

But I have a major question
How can one use high impact news in trading?
Like how you can tell from the news if itd be a buy or sell.

Is it based on negative=sell (like sacking of workers)
And positive =buy?

[color=indigo]News trading is not really that straightforward IMO. Price can rise on bad news and fall on good news. However, this article should give you some basic enlightenment on trading news releases — https://fbs.com/analytics/guidebooks/amp/trading-forex-news-211
[/color]

2 Likes 1 Share

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 2:07am On Jan 01, 2022

[color=indigo]FTA 2022 — Road to Success.[/color]

1 Like

Business › Re: Forex Trade Alerts: Season 21 by Piptocoin: 2:01am On Jan 01, 2022

[color=indigo]To the traders and participants who have made FTA 2021 memorable: CopyJoe, Jammer777, GabsonFX, Charly20, Inforfirst, Feshizzy, Gasive, Ekesoft, Samfelly, GeneralSatine, VlamesIffect, Abham, Fxwarrior, NetvalueFX, Elliotwaveforec, Teemy, Klinksd, Dennison4luv, TheYoda, Donsheddy, MONEY247, Donvic4u, Jenera, Saintfaculty, Boom99, Haryodehjia, Successsam121, VeeVeeMyLuv, Englishisamust, Harizonal123, Theyoungmaster, Kaesyrn, XAUTrader4L, Kingpipmarshall, Djwalata, Holarindey, Hidhrhis, Shevychen2, Karleb, Blackman007, Karkinase, Prosperotrading, ZedFX, Mrbillionaire, Fmusty, Highcurrent, WallStreetfx, Currentprice (hope you are still lurking around), Jbutney, IMAliyu, Crixxx, Ogashman, Edd1e, Fibonacci88, Akeensbussy, PJAMES1, Abambam, Jamace, Sunnycliff, WAVESANDGOLD, Benqozenero, alphaNomega, Neroiam, GladmanGoddey, Karleb, Amolak..and others too numerous to mention...my heartfelt thanks to all of you...[/color]

13 Likes

Business › Re: Forex Trade Alerts: Season 22 by Piptocoin: 1:55am On Jan 01, 2022

[color=indigo]Happy New Year to everyone. May our pip banks be fatter this year.[/color]

5 Likes

Business › Re: Forex Trade Alerts: Season 21 by Piptocoin: 12:49pm On Dec 31, 2021

charly20:
Its been a beautiful one year in this community.

I'm grateful for knowledge.
I'm grateful for the contests.
I'm even more grateful that I didn't win any( for that would have made me feel unnecessarily cocky)

Overall, I'm grateful for growth.
Let's do it again next year, only better!

To a better 2022!
To better traders!
To a greater FTA community!
Cheers and happy new year!

[color=indigo]It can only get better. Cheers, everyone, to a wonderful year and a better year just hours ahead.[/color]

2 Likes

Business › Re: Forex Trade Alerts: Season 21 by Piptocoin: 10:04am On Dec 31, 2021

samfelly:
Acknowledged, pls. I greatly accept.

Thank you all for this

[color=indigo]You are most welcome.[/color]

1 Like

Business › Re: Forex Trade Alerts: Season 21 by Piptocoin: 10:02am On Dec 31, 2021

ekesoft:
Thanks you all,
It’s being a pleasure hosting this year’s thread.

Success to us all come 2022.

[color=indigo]Amen to that. You have also done well...making yourself available when needed. A clean record.[/color]

4 Likes 1 Share

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