saintelvnn:


You're so right there the reason why many are not consistent in this business is they want to have that home runs always, knowing when to adjust with what the market is offering is a top notch advise and definitely when to scale up...
Lock 1:1 and purse your target is another input from my end. I may not be rich now but I'm getting consistent, very important in this our business.

Elliotwaveforec:
Na wa! 20% no want enter for TFT. From 17 back to 14.75. No matter what, 11% will not be touched again till month ends.

That 10% must remain till competition ends.

Nwadaka:
Lock 1:1 , and the market will come back and take you out and later hit ur target. You enter next trade anticipating that it will work only for the trade to hit SL, the 1:1 gotten do go😁.. There is no universally accepted formula towards this game, this thing is more of mental preparedness, strength and conditioning.

Nwadaka:
Lock 1:1 , and the market will come back and take you out and later hit ur target. You enter next trade anticipating that it will work only for the trade to hit SL, the 1:1 gotten do go😁.. There is no universally accepted formula towards this game, this thing is more of mental preparedness, strength and conditioning.

saintelvnn:
Little progress each day is better than no progress...
Let's keep trusting the process

Waiting for a breakout on GU then retest before going long. If time pass my session notin show, till tomorrow...

Donsheddy:


Well said bro

Nwadaka:
Lock 1:1 , and the market will come back and take you out and later hit ur target. You enter next trade anticipating that it will work only for the trade to hit SL, the 1:1 gotten do go😁.. There is no universally accepted formula towards this game, this thing is more of mental preparedness, strength and conditioning.

Emmizay12:


each trade is unique right?

I have lost more money from expecting a certain amount from the market

Donsheddy:
Who get mind go share my new year resolution 😁😁😂😂..... God dey sha

PatientofYabale:


Pls don't answer those that are giving you advice to risk more. Just know that the goal is to be better and be consistent. If you lose the account nw, are they the one that is going to buy you another one. If it take 7 months to complete abeg keep risking small. Take forex like something you are just doing that have potential of making you money. You will see how your emotion will change. Don't depend your life on forex to lift you out of poverty or to make you a millionaire. Look for other business or learn a skill and patch forex with it. Someone up there is even preaching 1-1 risk to reward.😂😂😂😂. Dey play. When big investor have come across with are thinking 4 to 20 reward on their positin. The amount of people wey go learn by force in the next 5 years plenty for this threadooo.

rhynoemmie:


Please can you paste link for the fundednext and tft competitions

RKTexpert:
just register on the official website of either funded next or TFT you will see "competition" on your dashboard...scroll and select to join...it is a similar process for both companies

Nwadaka:
That's why I said is more of psychology, we are from different school of taught. obviously paying yourself regularly u can never go broke, but the problem here is how many trades are you going to strike accurately? That should be above 50% if I'm not mistaken. Arguably, we know that this is a biz filled with uncertainties, is easy to have 3 straight losers in a row rather than 3 winners. Let's
go back to prop firms evaluation challenges with limited time, you have 35 days to pass and u started ur challenge with poor performance like loosing 3-5 in a row, did you actually think that ur mental game will be in good frame since you know that u always target 1:1rr?

Whereas on my own part I won't care much if I have 5 losers in a row cuz I have this mindset that one good trade will cancel all the looses. Remember that u and I don't even know our winning rate or whatever is called. Anyways, we play by our rules.

OfficialP:


5% of 500 is 25usd. So risk per trade will be 25. USD. Increasing risk to 50usd when you have safe isn't bad also. Max risk should be 50usd

With up to 1:4, rr you are good to go.

It all depends on each one trading styles though.

Donsheddy:
DAY 7

GBPUSD SOLD

ENTRY 1.27431
SL 1.27891
TP 1.26490

RR 1:2

Donsheddy:


Trade Closed Manually with 6.6 pips loss

PatientofYabale:


Pls don't answer those that are giving you advice to risk more. Just know that the goal is to be better and be consistent. If you lose the account nw, are they the one that is going to buy you another one. If it take 7 months to complete abeg keep risking small. Take forex like something you are just doing that have potential of making you money. You will see how your emotion will change. Don't depend your life on forex to lift you out of poverty or to make you a millionaire. Look for other business or learn a skill and patch forex with it. Someone up there is even preaching 1-1 risk to reward.😂😂😂😂. Dey play. When big investor have come across with are thinking 4 to 20 reward on their position. The amount of people wey go learn by force in the next 5 years plenty for this threadooo.

Nwadaka:
Ya, bro ..The other time we made same trade call on GU buy before u chicken out, someone taunted me when the trade started pulling back. I careless about the whole the whole tin cuz I know the worst that will happen is that I will loose 1.5% on that trade, guess what ? I still held and passed my phase 2 100k account, and still have some running.. Is more of mental power.

dottozil:


Boss I don't think it's possible for you to be seeing set up on GU almost every single day, I don't think it's possible that's where diversification comes in and as regards the learn , relearn and unlearn thing, you can always learn from the advice of people in here, it's just my opinion though or what do you think

Donsheddy:


Exactly bro...
If you are scared of giving profit back to the market after market move in your favor...
Then you can easily lose your account...
We allow losing trades to hit S.L but don't have the patience to allow wining trades hit tp...

Ive not been able to back any reasonable profit but if you follow my trades.
Yesterday went 25pips in profit before it went for my sl and then closed at entry...
I didn't flinch cus my risk with small and its part of the rules...
Today same thing went 35 pips in profit and then i closed with loss...


Trading is unique and peculiar to a person....

You have to understand yourself...

Donsheddy:


Exactly bro...
If you are scared of giving profit back to the market after market move in your favor...
Then you can easily lose your account...
I learnt this late....
We allow losing trades to hit S.L but don't have the patience to allow wining trades hit tp...

Ive not been able to bag any reasonable profit but if you follow my trades.
Yesterday went 25pips in profit before it went for my sl and then closed at entry...
I didn't flinch cus my risk was small and its part of the rules I've set for my self cus of past experiences and knowledge gather.......
Today same thing went 35 pips in profit and then i closed with loss...



Trading is unique and peculiar to a person....

You have to understand yourself...


I started from binary options to forex scalping on 1 mins tf using high lot na why wetin humbletrader dey do that year dey funny me...
I know how many times i use the method win competition for this thread but hain i don blow accounts tire...
We improve to htf small small
Chasing 1:0.3 rrr 😂😂😂😂

We enter 1:1.1 to 1.5 to 4 to 3 now we dey 2...
At the end of the day we go still blow account cus of too much risk...


Last last na risk management be the main thing...
Losses will always come....

If na before with the shege market don show me i suppose dey like 6% DD....


😂😂😂

My goal na to get 1 live account by the end of the year. Even if na 10k biko

rainlover:


Wait o

Where's that bald headed boy with 100% win rate Market has finally taught him a lesson

rainlover:


Wait o

Where's that bald headed boy with 100% win rate Market has finally taught him a lesson

Donsheddy:


Yeah youre right....
But i tried chasing too many pairs and i noticed i couldn't catch up....
I dont have a laptop so i do my analysis with phone....
Hunting and looking at too many pairs with mobile is alot of work...

So gu it is for now...
Until im profitable with gu no need gathering other pairs....

As long as the pair moves everyday...
There's money to be made

samfelly:


One question, Kozmicity, you never register for anyone - Fundednext, TFT, or MFFx?

Borntosmoke:
What makes the price of Oil increase in Nigeria. Is it chart?? No. It was through tinubu speech saying it removes subsidy. I'm beginning to find macro trading interesting. Still learning...

saintelvnn:
I had to take the trade in GU, going long targeting tomorrow session because I might miss setup have been waiting for.
1:2rrr