₦airaland Forum

Tradinggiant:
Omo .. after this Patience talk I read here.. I began to reflect on it.
Market day actually rewards the patient traders fr.
If u get one pair way day work for u, TRADE AM and take whatever that pair gives u oo.. if the pair require you to wait for 1 week ,My brother better wait oo.

I've come to realize that alot of people get intimidated by other people's profit
And it's very bad. And it results to overtrading

Imagine not seeing setup for 5 days then you come online (Twitter mostly) to see people bagging over $5k . $7k .
Una Sabi how Twitter people day talk na.

TWITTER TRADER 1
# woke up today and my Trade is running over $18k. What a great way to start the week

TWITTER TRADER 2
MFF $100K Phase 1 and phase 2 passed in 3 days!!!
( While u urself never trade for 5 days )

E go come be like say u day play.
Na this moment ur brain go tell u say ur strategy day slow your progress.
With that pressure, u go jump enter market then collect wotowoto

No look person profit, Just do ur thing and move on

The journey Sha na personal race.

infofirst:
Whatever God has bless you with before now, will be the least of all other blessings coming your way.
Whatever not too good or test frm God you have experience will be the worst. You shall triumph and experience no more sorrow but joy and happiness and blessings.

Thank you so much for this.

PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?

PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?

Abeg, dis write up wey I dey read na real, abi na my mind dey play me trick? Just when I was about telling Riverrun and Pristinee and OfficialP that the 50k's challenge account can only be dissolved into 3 of 10k's challenge, I saw that the sponsor has supported all the bright ideas and added another twist to the cooking.

Ah, Jesu! ma mind is definitely playing a trick on me

PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?

BrightFuture48:
Excellent! You bring back life to this forum with this generous prizes. May God reward you exceedingly.

PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?

PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?

nzechu:
if I may add. can we at least try ftmo this time around for prize instead of mff. even though I am new to the game, I still feel drawdown based on equity in contrast to draw down based on balance contributes to contest winners not translating to profit withdrawing winners. let's try something new this time and see if we won't HV people withdrawing profits. tank u

@samfelly

PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?

samfelly:
I no succeed in confusing dem, abi? I go try harder next time

Donsheddy:
WE BE PIPS HUNTERS....

THEN I LIKE THE SUGGESTIONS OF SPLITTING THE FUNDS TO ACCOMODATE MORE PERSONS...

MAKE THE GLORY FOR TOUCH ALMOST EVERYBODY...

THE 50K FIT BUY 10K FOR THREE MORE PERSONS. E GO REALLY HELP

samfelly:
Amen!!! And also boss Infofirst for planning to throw in some rewards, as well

HumbleTrader:
Remember to include those of us that will be using an expert advisor, high equity will be needed for this, the typical 5% won't help at all, we're going to need at least 15%

We still dey beg councils of elders to leave it at 5%, you go dey woo 15% . Na Atiku go open that kind prop firm o

infofirst:
Yes.

infofirst:
Whatever God has bless you with before now, will be the least of all other blessings coming your way.
Whatever not too good or test frm God you have experience will be the worst. You shall triumph and experience no more sorrow but joy and happiness and blessings.

Thank you so much for this.

samfelly:
We still dey beg councils of elders to leave it at 5%, you go dey woo 15% . Na Atiku go open that kind prop firm o

dmahn:
God bless you sir. 2% DDD na Die o . 5% Abeg

samfelly:
We still dey beg councils of elders to leave it at 5%, you go dey woo 15% . Na Atiku go open that kind prop firm o

EmmanuelVi:
Length of time one has spent in the trading world doesn't really matter to the art of trading itself; it's about 'how well', not 'how far'.

I began trading in 2017, but guess what? I only just became a trader (well principled) by 2020, during the COVID-19 lockdown. I've just browsing through all the commentaries on the upcoming competition without giving any input, not because I wouldn't want to compete (I mean it would be fun of course, even if I don't bag first place), but because of the rules imposed on risk and money management and that's the most crucial aspect of my trading career, I don't joke with that part cos it's all crunched in the numbers for me, it's applied statistics!

I see the imposed rules as biased (not as in a matter of contempt or greed, no!), biased in the sense that the rules on lot sizes are coming from one school of thought as regards risk management in trading. There 3 distinct ways that risk management can be applied in trading (at least, for what I know so far) two seem to be alike but they're actually different, they are;
(1) by lot sizes
(2) by dollar amounts (or whatever currency account's based in), and
(3) by percentages.

Now the rules here stipulate the 'lot sizes' method which is a total turn of for me as one who uses percentages. I let the stoploss price range of every trade I take decide what lot size I'd use, since I've already decided the percentage of my account balance that I want to risk on each trade. The majority pushing for the competition are coming from the same faction and the few of the minority like me just have to stay back, fold our hands and watch. The last guy that spoke up on this just got shut off without actually understanding him.

If traders like me bow to the risk management rules of this competition, believe me it would make a gambler again instead. It should be noted that lot size limitation doesn't fit into some traders trading plan; this is my input.

Sorry I gave you guys a long read (for those wey even try read to this end.. Lols)

PrinceofWallstr:
2% is enough for u to smash the competition bro, risking big a recipe for disaster. Im an aggressive trader like you, in all honesty swing traders are the winners in this industry, my 200k aggressive account is not making any progress but you see my swing account, I have already made 8% from it this month, a month before Easter I made 15% from swing.

PrinceofWallstr:
Amen boss! learnt from u sir, you literally made me to do that. I'm reaching out a friend to come see what Young traders are doing over here but he is kinda turning me down, just wish he will come, u go see giveaway levels.

Heard you dey UK abi US, I'm moving my Fam to Gloucester UK, if u dey UK mk we connect nah.

samfelly:
We still dey beg councils of elders to leave it at 5%, you go dey woo 15% . Na Atiku go open that kind prop firm o

Donsheddy:
My belly oh 😂😂😂😂

infofirst:
Maybe na 2 ppl go make it wit 2% DD

HumbleTrader:
So way tin go happen to those of us wet no dey trade news.

EmmanuelVi:
Length of time one has spent in the trading world doesn't really matter to the art of trading itself; it's about 'how well', not 'how far'.

I began trading in 2017, but guess what? I only just became a trader (well principled) by 2020, during the COVID-19 lockdown. I've just browsing through all the commentaries on the upcoming competition without giving any input, not because I wouldn't want to compete (I mean it would be fun of course, even if I don't bag first place), but because of the rules imposed on risk and money management and that's the most crucial aspect of my trading career, I don't joke with that part cos it's all crunched in the numbers for me, it's applied statistics!

I see the imposed rules as biased (not as in a matter of contempt or greed, no!), biased in the sense that the rules on lot sizes are coming from one school of thought as regards risk management in trading. There 3 distinct ways that risk management can be applied in trading (at least, for what I know so far) two seem to be alike but they're actually different, they are;
(1) by lot sizes
(2) by dollar amounts (or whatever currency account's based in), and
(3) by percentages.

Now the rules here stipulate the 'lot sizes' method which is a total turn of for me as one who uses percentages. I let the stoploss price range of every trade I take decide what lot size I'd use, since I've already decided the percentage of my account balance that I want to risk on each trade. The majority pushing for the competition are coming from the same faction and the few of the minority like me just have to stay back, fold our hands and watch. The last guy that spoke up on this just got shut off without actually understanding him.

If traders like me bow to the risk management rules of this competition, believe me it would make a gambler again instead. It should be noted that lot size limitation doesn't fit into some traders trading plan; this is my input.

Sorry I gave you guys a long read (for those wey even try read to this end.. Lols)

infofirst:
Maybe na 2 ppl go make it wit 2% DD