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

The trend is not just your friend, it's your partner. If you keep trading against the trend you will hitting your stoplosses non-stop. - NetValueFx

KingPipmarshall:



The Trend is your friend.

If a currency is trending down then you short pull back, there is a higher tendency of making profits without a stoploss.

A stop loss is a tool, not your friend. The trend is your friend because you know which players are currently dominating the markets. When the market is in an Uptrend, you Buy pull backs. The only scenario where you lose money is when the trend is reversing.

Tony142:




"And if your fake friend(The Trend) goes against you without using your true friend (stop loss), you will come back here on Nairaland to cry of how your friend (The Trend) betrayed you" - Tony 142

VlamesIffect:


setting for a buy ke?.... Abi he dun dey buy since last week...
You dey use indicator abi?

NetValueFX:


The fake friend here is the stoploss, I have survived great turmoils without it. The trend always lead me to the promise land.

Tony142:





Go and trade without your true friend (stop loss) on your real account for like 3 months and come back and tell us how your friend (trend) betrayed you

TradingMaestro:
took part in a demo contest,
Managed to turn $1000 into $12000 and I only managed to come 10th , Lol

Last last won $50 sha

samfelly:


Boss, u did well very. I tried it out, also, but came 12th from 10th position - after I took one last silly trade when it was just 14 minutes to end all trades. The contest was a tug-of-war trading, sorta. I mean, a contest that last for just 24 hours. Mehn! I dug it out with those Malaysian, Pakistani, Russian, and Indian traders joor!

I am hoping to go give it as many shots as I can, again. That's after I am done with FTA contest.

@boom99, this kind contest go fit u - taking bigger lot sizes, like 200 and more

Tony142:
.



You are wrong boss, what you need is a minimum of 1:2 risk/reward ratio

Feshizzy:

Your wein dey talk do the FTMO challenge as well at least to test your theory.

Do the free trial at least

Tony142:




boss, Is it a demo contest or live account?

Tony142:
.



You are wrong boss, what you need is a minimum of 1:2 risk/reward ratio

GabsonFX:
Kudos bro, you got the gist; spot on!

Don't forget the psychology too, this one can rubbish both perfect strategy and the proper risk money management.

Elliotwaveforec:
MT4 not loading here; is yours loading?

Tony142:



If you will give me 100$ after passing the free trial, then I will do it

Feshizzy:


It's Weekend bros
Na wa oo

And you have Elliott wave to your name for crying out loud

NetValueFX:

I trade H4 and I make up between 25%-60% per month. A single trade could give me as much as 200pips. Some months I make as much as 5000pips.

NetValueFX:

The fake friend here is the stoploss, I have survived great turmoils without it. The trend always lead me to the promise land.

I will give you double, no, even tripple of you live account if you show proof the imaginary number you just blurt out.

Well if I was trading 20$ live account, damn I wouldn't need no stop loss LOL

TheYoda:
You are known to be incorrigible liar. I wonder how many here still take your word serious. You come up with imaginary numbers. When challenged you throw tantrum .

Even someone here thought you're for real LOL. with your 20$ live account . I will give you double, no, even tripple of you live account if you show proof the imaginary number you just blurt out.

Well if I was trading 20$ live account, damn I wouldn't need no stop loss LOL

Feshizzy:


Na very small thing,
Run am first.

TheYoda:
You are known to be incorrigible liar. I wonder how many here still take your word serious. You come up with imaginary numbers. When challenged you throw tantrum .

Even someone here thought you're for real LOL. with your 20$ live account . I will give you double, no, even tripple of you live account if you show proof the imaginary number you just blurt out.

Well if I was trading 20$ live account, damn I wouldn't need no stop loss LOL

Tony142:



Go and tell that to kids, when u have the 100$ let me know

Feshizzy:


You are going to do something that would be beneficial to only you and you alone.
A task with a potential of 50k in the usd,

You are here trying to form Boss untop classy begging abi na hustling I go call.

If e sure for you as a years of successful trader wein you be, 100usd shouldn't be a problem.

But what do i know

Donvic4u:


Detective Yoda!!!!!!

Friday & Saturday were used to discuss trades duration distribution, Kudos to those that contributed, we were able to understand that consistency is about reflecting on your past trades, checking if you never deviated from your plans and trading style.

Finally, we also realized that you should cut your losses and allow profits run.

Market will open in few hours and I plan to utilize the 2 weeks for some trading. Success!

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.

NetValueFX:

Lol... Oga D. You sef dey talk? Abi you want get approval from your incoherent boss?

GabsonFX:
Friday & Saturday were used to discuss trades duration distribution, Kudos to those that contributed, we were able to understand that consistency is about reflecting on your past trades, checking if you never deviated from your plans and trading style.

Finally, we also realized that you should cut your losses and allow profits run.

Market will open in few hours and I plan to utilize the 2 weeks for some trading. Success!