Tony142:




Whoever u are mimicking or copying is psychologically above you, I am the one that started making quotes in this Forex thread, I am the originator, and since u have started making quotes too that means you are copying me and following my footstep ,



Whoever you copy or micmic Automatically above you

situations:
Intelligent who made GOLD sell 16|7|2021 your boy did

WallStreetfx:
Make I drop my own quote

If na 2000 naira remain for you to chop abeg make uno put aam for forexoo before hunger go finish you. Says by wallstreetfx
. You won't find this quote anywhere

amolak:
it is still the same as, ' don't trade with the amount you can't afford to lose'

WallStreetfx:
Make I drop my own quote

If na 2000 naira remain for you to chop abeg make uno put aam for forexoo before hunger go finish you. Says by wallstreetfx
. You won't find this quote anywhere

haryodehjia:


U don't judge base on this criteria sir.. I have been using hantec for a while now n they fall under these criteria listed n they have not failed

Tony142:



Boss, I do not think there is a basics for searching for a good broker, it all depends on your strategy and what u want

situations:
Intelligent who made GOLD sell 16|7|2021 your boy did

GabsonFX:
Lesson for the weekend: Topic is consistency.

---

Now that the market is closed, do you reflect on your past trades or you just move on? This I do on a regular and enjoy doing it. One of the things I look at is what I will discuss in a bit; that is trades duration distribution.

I have taken a picture of my account's trades duration distribution, thoroughly look through and I expect that you should be able to digest, deduce, extract a lot of information from the statistics. I will leave the lessons you learn from it to you and to you alone; if you want to say what you deduce from it, feel free - I'll make my comment on whatever you see/say.

GabsonFX:
Lesson for the weekend: Topic is consistency.

---

Now that the market is closed, do you reflect on your past trades or you just move on? This I do on a regular and enjoy doing it. One of the things I look at is what I will discuss in a bit; that is trades duration distribution.

I have taken a picture of my account's trades duration distribution, thoroughly look through and I expect that you should be able to digest, deduce, extract a lot of information from the statistics. I will leave the lessons you learn from it to you and you alone; if you want to say what you deduce from it, feel free - I'll make my comment on whatever you see/say.

fashionnisir:
NZDUSD on 4 hours time frame, place stop loss at 0.7610 in 61.8 fib

Elliotwaveforec:

The longer the duration, the less likelihood of recording losses.

In other words, 2 weeks duration is okay.

CopyJoe:

What does the numbers on the x-axis stand for?

1) You cut losing trades and allow winning trades to run.

2) You have more losing trades than you won. But still profitable. Profitable trades (15) vs Lost trades (+ or - 22).

3) You closed most of your losing trades after a day or 2.

GabsonFX:
Lesson for the weekend: Topic is consistency.

---

Now that the market is closed, do you reflect on your past trades or you just move on? This I do on a regular and enjoy doing it. One of the things I look at is what I will discuss in a bit; that is trades duration distribution.

I have taken a picture of my account's trades duration distribution, thoroughly look through and I expect that you should be able to digest, deduce, extract a lot of information from the statistics. I will leave the lessons you learn from it to you and to you alone; if you want to say what you deduce from it, feel free - I'll make my comment on whatever you see/say.

GabsonFX:
Lesson for the weekend: Topic is consistency.

---

Now that the market is closed, do you reflect on your past trades or you just move on? This I do on a regular and enjoy doing it. One of the things I look at is what I will discuss in a bit; that is trades duration distribution.

I have taken a picture of my account's trades duration distribution, thoroughly look through and I expect that you should be able to digest, deduce, extract a lot of information from the statistics. I will leave the lessons you learn from it to you and to you alone; if you want to say what you deduce from it, feel free - I'll make my comment on whatever you see/say.

GabsonFX:
What does the numbers on the x-axis stand for?
x is time, I guess you meant y, which is a form of profit or loss distribution

1) You cut losing trades and allow winning trades to run.
You nailed this, was really expecting it. I was also expecting that you would use this your particular extract to deduce the trading style of the trader here

2) You have more losing trades than you won. But still profitable. Profitable trades (15) vs Lost trades (+ or - 22).
You nailed this too. This teaches us that it is NOT only by winning trades, we should not expect WIN! WIN!! WIN!!! all the time. In fact, losing more than the wins don't determine the overall outcome of a trader. This is why I don't shy from announcing my losses here after I post my analysis.
Finally, connect point 1 and 2, then we deduce that 1 tells us that those losses are not huge cos "I cut the losses and let profits run"

3) You closed most of your losing trades after a day or 2.
Right, this corroborates no.1 in terms of duration. 1 & 3 now means that losing trades cut in a day or 2. Still on point

Though there are 1 or 2 more, but overall, you nailed it.

GabsonFX:
Lesson for the weekend: Topic is consistency.

---

Now that the market is closed, do you reflect on your past trades or you just move on? This I do on a regular and enjoy doing it. One of the things I look at is what I will discuss in a bit; that is trades duration distrobution.

I have taken a picture of my account's trades duration distribution, thoroughly look through and I expect that you should be able to digest, deduce, extract a lot of information from the statistics. I will leave the lessons you learn from it to you and to you alone; if you want to say what you deduce from it, feel free - I'll make my comment on whatever you see/say.

AK284:




Na man you be!
32% win rate and you still made good money
I think that's a practical definition of proper risk management (cut ur losses quickly and maximize ur profit).
In summary you don't need a perfect strategy,
What you need is proper risk management

charly20:

Individual loses may be greater than individual profits but it does not determine the overall profit.

"Cut your loses and let profits run"

AK284:

Na man you be!
32% win rate and you still made good money
I think that's a practical definition of proper risk management (cut ur losses quickly and maximize ur profit).
In summary you don't need a perfect strategy,
What you need is proper risk management

CopyJoe:

Most of your winning trades did not pass 3 days or 2 days plus in this particular chart.

The ones that were more than 3 days rained good pips and moved very well for you to have left it than long.

4 out of the 5 trades that you left running for more than 3 days were closed after 8 days 22hrs.

Also, from the chart, the losing trades didn't pass -1.00. Whatever that means.

Maybe drawdown.

NetValueFX:

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

Tony142:
"The Trend is not your friend, it is your stop loss which prevent you from losing big that is your friend" - Tony,142





Who ever doubt this my quote should try and trade without a stop loss, then come back and tell us your story

AK284:




Na man you be!
32% win rate and you still made good money
I think that's a practical definition of proper risk management (cut ur losses quickly and maximize ur profit).
In summary you don't need a perfect strategy,
What you need is proper risk management

Njspark:

How do you guys pay for the challenge because my bank keeps declining the transaction

Fibonacci88:

Like he rightly said building a small account is an Herculean task. Number one is u tend to use high leverage which puts ur account at risk. Secondly using a small account u tend to to set high monthly target. 10% monthly target on a $100 account size is just $10 and to anyone's it's not worth the effort all through d month. But on a $10000 acc size it's massive profit. I had this issue when trading my $500 acc last year and at the end of the most I was not making profit commensurate with d effort monthly. This lead to me overtrading at times cos I wanted to make at least 30% monthly. U know d story; it always end in tears. I even started doubting my strategy. But in September I stumbled on blufx a prop firm. I tried thier conditions for some weeks on a demo acc before subscribing to thier 55 pounds monthly subscription in mid October made about 8% profit from the $25000 trading fund I was given. I can tell u if u know u can trade sign up with a prop firm instead of trying to grow a $100 acc. I will try out FTMO next month. i heard they have a flexible trading condition unlike blufx with very low leverage of 1:3 and u can't keep trade overnight unless u are on a higher subscription.

Njspark:

How do you guys pay for the challenge because my bank keeps declining the transaction

infofirst:
We are in season 21. And some beginers are still asking for resources to learn about this market. That is first sign of unseriousness. If you are truly willing and ready to learn. You will go back to reading the past seasons. Every resources you need are there.
Many have asked for books to read but did nothing after getting those books.
If you want more books on fx, join this group on telegram, https:///forexbookz or @forexbookz. Books plenty there and will even tire you. Lol

On prop firm,
I am not against using them but the truth is if you are not able to trade demo or small live account profitably for some time, chances are that you will not get it right trading big size account.
We need to work on our psychology and money management, study the business model of this prop firm, you will see that they set rules that will safeguard their money and make it difficult for you to lose far beyond what you have deposited. Incorporate this practice in your personal account too.
Face the reality and stop running after short cuts. Stop asking for strategies, learn to study the charts, compare charts posted here with your chart. Discipline your self to trading 0.01 lot. Its small money per pip but it is just what your account size can take for now. Use 1:25 leverage too, it will automatically prevent you from over trading.
Start doing things differently if you want a different and better outcome in this market.
Take the affirmative step this year to stop losing all your money.