Donsheddy:


Na big risk oh...

Look at this
Yesterday high need to be tested today ..
So far it hasn't done it...
Expect ny to do it

infofirst:


Guess what the person that experience this is suffering from out of strategy? Risk? psychology?

realone12:
finally lost my 25k account this morning too.. it was a very rough ride.but I'm glad because alot of lesson has been learnt...we move

realone12:
finally lost my 25k account this morning too.. it was a very rough ride.but I'm glad because alot of lesson has been learnt...we move

rhynoemmie:
Mr Market, is this your will for me

Will keep observing and stay safe✌️

People who post pictures, how do you it!!

karkinase:
I think this notion of banks tryna take your stop loss is just erroneous .. @Easylife4Us Banks don’t reallly care about our positions all they wanna do is move their large orders but they need to take out retail orders(fake out) to move and they move market to where there is high liquidity.. shikena

FXcandles:
Forex market movement is dynamic, yesterday oil price dropped to low 79.63 and close at 82.30 so it seem long wick formed in the body candle. According analyst, the bearish market yesterday triggering by China news data that show negative impact to oil price. Overseas exports of Chinese goods have recorded the worst month-on-month decline since February 2020 last month, down 14.5% in dollar terms. China’s crude imports have followed suit and decreased by 19% month-on-month to 10.3 million b/d.

realone12:
finally lost my 25k account this morning too.. it was a very rough ride.but I'm glad because alot of lesson has been learnt...we move

PIPSMARSHALL:
The END
Phase 2. Max drawdown. Almost passed, Not happy but i'm back to the trenches. I wish but it is what it is.
I blame myself because I didn't follow my rules squarly, I also blame eight cap broker for their nonsense candles. It's no excuse but when a trade gets stopped and moves in ur direction in more than 10 trades, its the broker and not the trader. Who blames d broker more than the losing trader? Profitable traders who know that the brokers are after their earned dollars. Or na me no dey set stoploss right. Anyhow sha. Maybe I lack patience

I no sabi wetin dey rush me sha, I'm cool now tho.
I'm a RICH trader and not a broke trader anymore.
I have the skill, but it takes time to conquer greediness. Na my greed crash this challenge amd previous challenge.
I have conquered greed, just that I didn't obey my lotsize rules and positions on this one.

I lacked patience, maybe because I got frustrated by the broker but I suppose maintain my cool since I know the brokers are after my money. Soon, man will get these pay checks steadily.

Unto the next
As you were.

EASYLIFE4US:
The only way to survive in this Forex business that is heavily rigged against retail traders is to find an edge that wins at least 3 out of 10 trades, set your stoploss according to how much capital you can let go without getting high BP eg, if you can easily sacrifice 100usd without having any nervous breakdown, divide the 100 USD into 10 places and enter each trade when you see your edge, avoid breakeven because it can be hit 10 out of 10 and hope for the best with fingers crossed.

TradingGod:
the major reason people fail in trading is because they underate patience and discipline
We want to make quick money but we forget that making quick money is a two edge sword, you could make quick money and you could lose all your money quickly

Risking small lot size per trade is also an act of patience and discipline

EASYLIFE4US:

Bro if you have an edge that can win at least 3 trades out of 10 or 5 out of 20 trades, consistently, the patience and discipline will automatically evolve inside the trader, the question we should be asking is how many of us have that edge, I am still searching for that edge my dear.

karkinase:
Sentiment for USD seems to flip bearish entering US session

karkinase:

Lol 😂 Baba say e acct. dey range. No worry e go still breakout..

EASYLIFE4US:

Nawaoo, so how dem dey take, take out retail orders to fill in their large orders, wetin com full where high liquidity dem dey.

TradingGod:
trading only chart pattern is an edge with a 70% win rate

The question is can you be patient to wait for a chart pattern to appear and can you be discipline to say NO to other strange strategies?

EASYLIFE4US:

Bossman all join, no matter how gud your strategy dey, you get perfect risk management, your psychology dey kampe, the main gbege for for Forex be sey no be only you dey enter market at that position, millions of retail entries dey that same spot, them go jus dey weigh both buyers and sellers dey accumulate both sides na the one wey pass dem go slaughter, dem fit run am short term or long term, na long term own dey be like sey trend don start, but dem still dey accumulate both ways, once one side pass the other side, dem strike, and even when you get dem correctly, dem go still com back clear every every before moving in the intended direction. The truth be sey Forex na double edged sword, dem dey kill both ways because if dem loose, government and the other big banks go bail them out (bailout) com slap dem fine wey dem fit settle easy easy...

Skanas:


Hmmmmmm...

@ibrahimlagosian go be like...“ah tell una say dis thing na haram” ...

Davigle:
😱 I feel like the market is toying with my emotions. I have been bullish on both EU and GU, although yesterday I traded against my bias due to FOMO and the market smacked my behind. now I have been waiting for an entry to long either EU or GU during the NY killzone only for price to come close to my entry on EU and then take off to smash my target 😥.

infofirst:
@realone12 @Pipsmarshal.

I loved the fact that you both accepted responsibility for the loss of the accts.
And that you do not lose to DD is indeed an improvement.
Kindly try and come back with a long term plan. No rush to pass acct in one day. No time limit accounts are supposed to be a blessing.
Every challenge account is now supposed to be treated as a funded acct that you only need to make 13% or 15% before you can get payout.

@kaybee @pristinee @mystiquefia
Treat your competition accts with all your heart.
The market is brutal. It does not care.

2% on a $10k monthly is roughly #180k in our nigeria of today.
Imagine 2% on a $100k.
Etc.
I know it is not easy but it will be harder if we keep breaking the rules.

Limit your currency pairs.
The stress of trading one pair alone is not easy much more many.
If you want to trade more, trade related pairs like usd pairs. Jpy pairs. Euro pairs. Etc. Less is a strength in this market.

VeeVeeMyLuv:

At round figures 000s

Davigle:
😱 I feel like the market is toying with my emotions. I have been bullish on both EU and GU, although yesterday I traded against my bias due to FOMO and the market smacked my behind. now I have been waiting for an entry to long either EU or GU during the NY killzone only for price to come close to my entry on EU and then take off to smash my target 😥.

Jameselias:
Me, i know, i will make it, one day, but the patience to wait for those days is the problem,

The need to escape scorching poverty is the reason for the impatience

Jameselias:
Me, i know, i will make it, one day, but the patience to wait for those days is the problem,

The need to escape scorching poverty is the reason for the impatience