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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (483256 Views)
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Re: Forex Trade Alerts: Season 23 by realone12(m): 12:39pm On Aug 05, 2023 |
fortune183:looking at your trades and I must commend your mentality. how do you sleep with multiple 5 lots open positions? I see you left your positions open for multiple days in most of your trades. (with max lot sizes) is it that u don't experience massive reversal in your trades? how do you do that without inccuring 5% drawdown? is like na me no understand the calculation of this drawdown of thing. pls I need a little more clarification on that |
Re: Forex Trade Alerts: Season 23 by fortune183: 12:42pm On Aug 05, 2023 |
OfficialP:not much. $200 with a $25k 1 step staller account. but i will add money and purchase a $50k 2 step account 3 Likes |
Re: Forex Trade Alerts: Season 23 by iichidodo: 12:45pm On Aug 05, 2023 |
OfficialP:Then you just made my point exactly... |
Re: Forex Trade Alerts: Season 23 by fortune183: 12:47pm On Aug 05, 2023 |
realone12:Lol i am no longer scared of drawdowns. I only avoid and rule that is less than 5% drawdown. and of late i avoid any firm that is not balance based prop firm. so i open multiple trades with multiple different currency pairs to hedge my risk. if one country decides to mess me up surely the other countries or currency pairs will not mess me up. if other to also escape the drawndown trap when i see that one of my trades have mentally (in my mind) hit my stop loss i will first ensure that one of my trades hit take profit for that day before closing that losing trade lol. you just need to be smart with their annoying system. Also when you know exactly where the market is headed you will never be worried about drawdowns. the market will always give you their respect. I had up to twelve trades i want to take but i ended up choosing my best five because of their 5 trades max rule which the same thing as a leverage of 1:30 5 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by iichidodo: 12:48pm On Aug 05, 2023 |
realone12:He got lucky because he wouldn't dare it In a real or prop account...Some folks go full throttle when it comes to comps, some get lucky, others don't..It's just demo. 7 Likes |
Re: Forex Trade Alerts: Season 23 by OfficialP: 12:58pm On Aug 05, 2023 |
fortune183: Good. But why not collect your cash rewards first, then trade the 25k account, pass the phases, get funded then withdraw, before you scale up. Just an opinion 4 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by fortune183: 1:01pm On Aug 05, 2023 |
iichidodo:lol you are funny. If you followed my previous post about my wins (on nasdaq) in this forum about one or two months ago. You will see that this is not luck. In fact you haven't seen anything yet compared to what i have seen what other people better than me can do. These people are monsters. they can hold trades for months with max lots without getting scared of anything. I was just lucky to learn one of their strategies. You don't know. you don't know. I am even in the kindergartin when it comes to taking these kinds of trade.Maybe i should post the five trades that i will be taking next week of which i will hold for like 3 to five days or even more. NO i don't have a need to prove any thing to you. YOU have not see the real monsters in the FX industry. forget what you see on social media my brother. these guys don't show themselves online frequently and they don't need to prove anything to anyone. They live a modest life. I pray you meet just one of them. Then you will know what i am talking about. 6 Likes 3 Shares |
Re: Forex Trade Alerts: Season 23 by fortune183: 1:04pm On Aug 05, 2023 |
OfficialP: I am a business man whatever proceeds i get i usually like to reinvest them back into a successful business for more profits. anyway that's my mentality. 2 Likes |
Re: Forex Trade Alerts: Season 23 by iichidodo: 1:18pm On Aug 05, 2023 |
fortune183:My point exactly...You were lucky to learn their way, hell, what's the worse that can happen if you tried it? A blown comp account? Well, you can try it again and again and again,month after month,no capital or money lost.. then boom! you hit the jackpot. The real deal starts when it's time to put your money where your mouth is..When fear or flight kicks in.. This is just banter, you don't need to freak out.... 2 Likes |
Re: Forex Trade Alerts: Season 23 by fortune183: 1:32pm On Aug 05, 2023 |
iichidodo:your mentality is your problem. One day hopefully you will receive delivance. I also hope your strategy can surpass me in any competition. You are free to prove yourself in any competition. If you can do it constantly for three months. Then we can talk ok. CASE CLOSED 1 Like |
Re: Forex Trade Alerts: Season 23 by realone12(m): 1:41pm On Aug 05, 2023 |
fortune183:I gat you..I think the balance based draw down explains it all 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by fortune183: 1:54pm On Aug 05, 2023 |
realone12: Yeah . Balance instead of equity 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by iichidodo: 1:56pm On Aug 05, 2023 |
fortune183:There's no need to freak out, like a five minute candle at 1.30pm on NFP, we are just bantering and learning, all strategies especially mine or anyone else's aren't 100% in forex.Some times it works out, other times it wont.Tis just life.. Jeez...Chill out, smoke some weed. 1 Like |
Re: Forex Trade Alerts: Season 23 by Proudpolygamist: 2:06pm On Aug 05, 2023 |
fortune183: 1 Like |
Re: Forex Trade Alerts: Season 23 by fortune183: 2:06pm On Aug 05, 2023 |
iichidodo:Lol funny guy.... NFP and interest rate or CPI rate aren't my thing. I eat popcorn as i watch these candles move. News are for dramatic peopl. I don't do andrenline rush like other people. These news events only end even making my trades hit TP faster. Which helps me to move on with other currencies. I don't smoke or drink either. I am a simple guy with simple needs. 8 Likes 2 Shares |
Re: Forex Trade Alerts: Season 23 by abham: 2:11pm On Aug 05, 2023 |
Info, God bless you for all you do. infofirst: Exactly, for the fact you took down the trade, e go remind you of your mistake. fortune183: 1 Like |
Re: Forex Trade Alerts: Season 23 by fortune183: 2:18pm On Aug 05, 2023 |
zedegit:Thanks for this list 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by Bimmarlykay(m): 2:37pm On Aug 05, 2023 |
OfficialP: |
Re: Forex Trade Alerts: Season 23 by iichidodo: 2:41pm On Aug 05, 2023 |
fortune183:Yeah, but you 'd admit you was freaking out like candles on NFP day. And you don't necessarily have to smoke weed per say...If you lock yourself in a room and burn the weed inside its confines like incense,it's not technically smoking. I always recommend it during or after stressful trading days.Its a good brain relaxant.. |
Re: Forex Trade Alerts: Season 23 by fortune183: 2:43pm On Aug 05, 2023 |
iichidodo:Nah I find peace of mind in mediating on God's word. 3 Likes |
Re: Forex Trade Alerts: Season 23 by Bimmarlykay(m): 2:47pm On Aug 05, 2023 |
iichidodo: This is an 100% strategist on here you know him. |
Re: Forex Trade Alerts: Season 23 by iichidodo: 2:52pm On Aug 05, 2023 |
fortune183:The trade won't trade itself neither would God come down to do it....God made weed...Weed, good brain relaxant...Relaxed brain, relaxed psyche...Relaxed psyche, relatively stress free trading... boom. |
Re: Forex Trade Alerts: Season 23 by iichidodo: 2:56pm On Aug 05, 2023 |
Bimmarlykay:Me, 100%?..Nah bro. More like 5%. But when I use cheat, it's 6%.Gaskiya |
Re: Forex Trade Alerts: Season 23 by EmmanuelVi(m): 3:00pm On Aug 05, 2023 |
OfficialP:Exactly! |
Re: Forex Trade Alerts: Season 23 by fortune183: 3:01pm On Aug 05, 2023 |
iichidodo:lol very funny guy. your logic eh. You could have killed alot of people |
Re: Forex Trade Alerts: Season 23 by iichidodo: 3:09pm On Aug 05, 2023 |
fortune183:I spread love, not death...And what's the best herb to enjoy love? Weed..Anyways, Congratulations are in order on your results. I wish you well but I wish you would give weed a chance. |
Re: Forex Trade Alerts: Season 23 by fortune183: 3:11pm On Aug 05, 2023 |
iichidodo:Thank you. |
Re: Forex Trade Alerts: Season 23 by EmmanuelVi(m): 3:12pm On Aug 05, 2023 |
fortune183:I think the right way to put it is as Nial Fuller puts it; "Minimalist" ...I love the sound of that. 1 Like |
Re: Forex Trade Alerts: Season 23 by fortune183: 3:50pm On Aug 05, 2023 |
EmmanuelVi:Thanks 1 Like |
Re: Forex Trade Alerts: Season 23 by rainlover(m): 4:07pm On Aug 05, 2023 |
iichidodo:don't get drunk 👀 |
Re: Forex Trade Alerts: Season 23 by nzechu(m): 4:12pm On Aug 05, 2023 |
iichidodo:with balance based drawdowns I think u don't need to worry about reversals. its equity based drawdowns that give that headache |
Re: Forex Trade Alerts: Season 23 by nzechu(m): 4:14pm On Aug 05, 2023 |
fortune183:abeg who are these guys and wat are their strategies. t for tenks |
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