₦airaland Forum

US30 OUTCOME 13|7|2021

teemy:
Tip
If your strategy has your trades going in positive soon after your entry but later ending up in loss afterwards, you might consider wether your strategy would be put to better use for binary options trading.

Prop Firms List You could Consider
https://thefundedtraderprogram.com/
https://the5ers.com/
https://luxtradingfirm.com/
https://myforexfunds.com/
https://www.audacitycapital.co.uk/
https://theproptrading.com.au/
https://blufx.co.uk/
https://www.myfxseed.com/
https://www.trendfollowingsecrets.com/

This your list quite funny.
This list is just like naming clubs in laliga without mentioning Real Madrid and Barcelona.
No FTMO, No Funding talent

samfelly:
How much did you deposit into this account, bro? And when did you start trading the account?

It's demo account bros,(2016)
I was using it has sample to someone,
I stopped trading then,

I'm starting again now.

kendoschurrle:
una too dey lie for here

nobody dey accept say e crash account and e no get money or say e no sabi trade. everytime na personal or family problems

It's okay to crash account and accept losses.

Wettin no make sense na when dem dey post only winning trades.

We learn from losses not wins.

Let's refine this place.

It's okay to make 5% in a year,
A win is a win.
It's okay to have over 60% drawdown on equity so long it later close in a win.

A win is a win.

Let's learn to tell each the truth and stop big big grammar.

Though for starters don't let your equality drawdown go beyond 40% it becomes a psychological issue



Regards

GOLD 13|7|2021 resistance turned support afternoon Rush Buy

Winning a Battle, Losing a War

Sometimes I knew that I start a bad war, and should have stop and get out.

However, deep down I always feel I can fight my way out (by hope & holding to the losing trade)

-Just because you can do something it does not mean it is the right or best thing to do for your account.

Take the loss, regroup with fresh outlook, and war again this time for the bigger win.

Take the three time the amount you lose.

Markets are never wrong, but opinions often are.

Livermore was brutal in self-analysis.
He told his sons his conclusions:
Successful trading is always an emotional battle for the speculator, not an intelligent battle.
He knew that his biggest enemy was his own emotions.

Losing money is the least of my troubles. A loss never troubles me after I take it.
If I still hold to the losing trade, it going to be very difficult to make clear judgement on the next trade. By cutting out all the loose end, I'm able to make better and sound judgement to the next trade.

Always remember; you can win a horse race, but you cant beat the races.
You can win on a stock, but you cannot beat Wall Street all the time. Nobody can.

#Copied

Feshizzy:
It's okay to crash account and accept losses.

Wettin no make sense na when dem dey post on winning trades.

We need from losses not wins.

Let's refine this place.

It's okay to make 5% in a year,
A win is a win.
It's okay to have over 60% drawdown on equity so long it later close in a win.

A win is a win.

Let's learn to tell each the truth and stop big big grammar.

Though for starters don't let your equality drawdown go beyond 40% it becomes a psychological issue



Regards

5% profit in a year is a total waste of time if your account balance is not 1million dollars

It's best to avoid gold for now.

Currently on AU & GU sell. Took these trades yesterday.

80+ pips at the moment.

Today's daily candle close will determine whether I'll continue to short both trades or not.

I'll call trades here before entering the trades. It will help for corrections and advice from our experienced bosses.

Cheers!

Kaesyrn:
Not instant execution though, would prefer use of limits in anticipation of a trend continuation only after hearing the results from FOMC by 5pm

Let's see as this goes...

USDCAD Buy Limit

EP - 1.2500

SL - 1.2485

TP 1 - 1.2530
TP 2 - 1.2550
TP 3 - 1.2580

NetValueFX:
5% profit in a year is a total waste of time if your account balance is not 1million dollars

Correct!

Feshizzy:
It's okay to crash account and accept losses.

Wettin no make sense na when dem dey post on winning trades.

We need from losses not wins.

Let's refine this place.

It's okay to make 5% in a year,
A win is a win.
It's okay to have over 60% drawdown on equity so long it later close in a win.

A win is a win.

Let's learn to tell each the truth and stop big big grammar.

Though for starters don't let your equality drawdown go beyond 40% it becomes a psychological issue



Regards

If you have more than 20% DD, you're a bad trader, not to mention 60%. You lose N6 out of N10 capital, you call yourself a good trader.

• Restored an old alc using GBPUSD trade today

• Starting an FTMO 10K challenge

Trade explorer link would be attached to signature as soon as possible

Myfxbook link attached.

This is for a $20 live acct



Let's see how it goes

Kaesyrn:
• Restored an old alc using GBPUSD trade today

• Starting an FTMO 10K challenge

Trade explorer link would be attached to signature as soon as possible

Good luck with your FTMO. Are you taking the swing account challenge?

ogashman:
Myfxbook link attached.

This is for a $20 live acct



Let's see how it goes

Kudos bro...

NetValueFX:
Good luck with your FTMO. Are you taking the swing account challenge?

No I didn't, would be day trading my strategy to see compatibility

Measure percentage retracements. Market corrections up or down usually retrace a significant portion of the previous trend. You can measure the corrections in an existing trend in simple percentages. A fifty percent retracement of a prior trend is most common. A minimum retracement is usually one-third of the prior trend. The maximum retracement is usually two-thirds. Fibonacci Retracements1) of 38% and 62% are also worth watching. During a pullback in an uptrend, therefore, initial buy points are in the 33-38% retracement area. Check more at https://www.gold-pattern.com/en/gold-forecast-prediction

Elliotwaveforec:
If you have more than 20% DD, you're a bad trader, not to mention 60%. You lose N6 out of N10 capital, you call yourself a good trader.

Who see your name ElliottWave would believe you know what you are saying.

Do you understand the term "drawdown on equity" ?

You have been replying on my drawdown post since and you clearly still done get the point.


There's different form of drawdowns
Which is:
Relative drawdown,
Maximum drawdown
Average drawdown
Equity drawdown


You guys like to quote rules here and there,
But time to show proof you practice what you preach.
You go silent.

Ps.
You can have a 10% average drawdown, 20% maximum drawdown, 60% equity drawdown in one account when analysing it

ogashman:
Myfxbook link attached.

This is for a $20 live acct



Let's see how it goes

Nice one,
Only that you didn't make your explorer public or shared the wrong link.

Please i would advise you convert to cent account to accommodate drawdowns.

Feshizzy:
Nice one,
Only that you didn't make your explorer public or shared the wrong link.

Please i would advise you convert to cent account to accommodate drawdowns.

I thought I did everything right....I don't even know how to make it public.... Any heads up?

USDJPY Trade Plan

Tf: 4hr

Bias: Shorts

Feshizzy:
Who see your name ElliottWave would believe you know what you are saying.

Do you understand the term "drawdown on equity" ?

You have been replying on my drawdown post since and you clearly still done get the point.


There's different form of drawdowns
Which is:
Relative drawdown,
Maximum drawdown
Average drawdown
Equity drawdown


You guys like to quote rules here and there,
But time to show proof you practice what you preach.
You go silent.

Ps.
You can have a 10% average drawdown, 20% maximum drawdown, 60% equity drawdown in one account when analysing it

All I know is I give you 10, you lose 6, you're a bad trader. Forget all the jargons you put there

ogashman:
I thought I did everything right....I don't even know how to make it public.... Any heads up?

Click on your profile,
And click settings
You will see this particular account, change the permissions to public.

Elliotwaveforec:
All I know is I give you 10, you lose 6, you're a bad trader. Forget all the jargons you put there

From "I don't know all these o" you then edited to this

Please sir,
How long have you been trading on your system,
And what drawdown have you been able to manage overtime?

Mind you this equity drawdown doesn't happen all the time, like once in a full year and could be once in 5 years. But there's always a day when every system must pass through the test of fire

Feshizzy:
From "I don't know all these o" you then edited to this

Please sir,
How long have you been trading on your system,
And what drawdown have you been able to manage overtime?

Mind you this equity drawdown doesn't happen all the time, like once in a full year and could be once in 5 years. But there's always a day when every system must pass through the test of fire

With your definition of drawdown, 60% drawdown on 1,000 dollars is what based on the different types you itemised up there?

NetValueFX:
This your list quite funny.
This list is just like naming clubs in laliga without mentioning Real Madrid and Barcelona.
No FTMO, No Funding talent

Lol

When they say out of sight is out of mind. That is an example.

CopyJoe:
It's best to avoid gold for now.

Currently on AU & GU sell. Took these trades yesterday.

80+ pips at the moment.

Today's daily candle close will determine whether I'll continue to short both trades or not.

I'll call trades here before entering the trades. It will help for corrections and advice from our experienced bosses.

Cheers!

Still running 110+ pips.

Let's see what happens tomorrow.

Kaesyrn:
Winning a Battle, Losing a War

Sometimes I knew that I start a bad war, and should have stop and get out.

However, deep down I always feel I can fight my way out (by hope & holding to the losing trade)

-Just because you can do something it does not mean it is the right or best thing to do for your account.

Take the loss, regroup with fresh outlook, and war again this time for the bigger win.

Take the three time the amount you lose.

Markets are never wrong, but opinions often are.

Livermore was brutal in self-analysis.
He told his sons his conclusions:
Successful trading is always an emotional battle for the speculator, not an intelligent battle.
He knew that his biggest enemy was his own emotions.

Losing money is the least of my troubles. A loss never troubles me after I take it.
If I still hold to the losing trade, it going to be very difficult to make clear judgement on the next trade. By cutting out all the loose end, I'm able to make better and sound judgement to the next trade.

Always remember; you can win a horse race, but you cant beat the races.
You can win on a stock, but you cannot beat Wall Street all the time. Nobody can.

Well said brother. Was in this situations today.

zeestone99:
Well said brother. Was in this situations today.

My wish is that we all come out strong...

This is not a book about trading per se but I strongly recommend

The Science of Positivity: Stop Negative Thought Patterns by Changing Your Brain Chemistry
from Loretta Breuning PhD.

I think that no matter how much knowledge you have of the markets, trade systems, probability and other statistical techniques, and no matter how intelligently you put all these ideas together, there is another part of your brain that doesn't operate with language or care one iota about what you know.

It can change your brain chemistry, and if you cannot defend yourself against that you are incredibly vulnerable to the markets and to yourself.

I'm sure we have all had moments when our brain chemistry has been changed while trading, when cortisol and adrenaline have put us into some very dark places, nervermind the damage to our accounts.

Not only that, but our 'happy chemicals' can lead us to make poor decisions too, when we feel good about a reward, or feel we should be reaching for a reward, we may pull the trigger on a trade too soon.

#Copied


https://www.youtube.com/watch?v=CyuQ6b2ymSA

Kaesyrn:
My wish is that we all come out strong...

Yeah. We move. And we learn.

zeestone99:
Yeah. We move. And we learn.

For sure Chief