infofirst:
Na everytime we dey learn the lesson after we don burnt acct.
No exemption including myself

Trading psychology is a big deal.

infofirst:


If there is any thing I am scared of about trading or about traders myself inclusive. It is that thing that pushed us to become impatient, to lose that discipline and lose days gain in one day

Emmizay12:
I keep saying this,

having a gamblers mindset will put your trading game into a very good perspective..

Emmizay12:


one thing I pride myself in is that I never move my stoploss backwards,,,, make market hit am back to back 100 times, I will never ever move it,

except to move it forward in breakeven or profits.

ie why I was advocating having a gamblers mindset,,, If I bet N100 for a straight win for Nigeria against Sao Tome and Nigeria is losing.
you will never catch a gambler increasing his bet

only FX traders do that because they believe in so called analysis,,,

charly20:
Emmizay12, it's true. It is gambling.

Oya rest

dmahn:


Una still dey shift SL ... Guy🤔.... There is real fire on the mountain.. That's the most terrible trading habit.

Emmizay12:
I keep saying this,

having a gamblers mindset will put your trading game into a very good perspective..
when you tell people that this thing is Gambling they think gambling is all about taking uncalculated risks..........there are thousands of people through out history that have attempted to beat gambling games through mathematics,

gambling=unknown outcomes= probability= maths

same as Forex Trading

understanding this whole thing is pure mathematics will fix your emotion and psychology issues in trading, emotions can't solve maths, only formulas can solve maths

what do you think discipline, consistency, following strategy, accepting losses try to achieve,, it tries to make you follow a formula that can solve the probability problem that forex is, nothing more or less

you believe in analysis, you believe in setups, you believe you have control of your wins because you can do technical or fundamental analysis

hahahaha that is the lie you have been told
trading =gambling

you cannot control any f***king outcome
the moment you believe you can, you will overleveage, revenge trade, shift stoploss backwards, overtrade, place too much emphasis on every individual trade. believe a setup is too good to fail

in gambling you fully accept any and every loss once you stake games, sport gamblers are better risk managers,, cos they will stake 10 games with 100ngn and try to cashout 5k, that's a very good risk to reward, even though it's laughable.

bring the mindset and approach of a gambler to forex and let probability do it's magic

Donsheddy:


I just tire 😂😂😂😂
We don accept say na gambling.... But we love this type of gambling

Emmizay12:


one thing I pride myself in is that I never move my stoploss backwards,,,, make market hit am back to back 100 times, I will never ever move it,

except to move it forward in breakeven or profits.

ie why I was advocating having a gamblers mindset,,, If I bet N100 for a straight win for Nigeria against Sao Tome and Nigeria is losing.
you will never catch a gambler increasing his bet

only FX traders do that because they believe in so called analysis,,,

Donsheddy:


I just tire 😂😂😂😂
We don accept say na gambling.... But we love this type of gambling

Davigle:
I got disqualified from the TFT competition yesterday due to my irresponsible behavior by breaching the daily drawdown rule. 😳, honestly I have been in severe pains since yesterday because I had high hopes and expectations of myself in this competition only to be cut short by my indiscipline. once again I broke my rules of not trading out of my session because I taught I saw a really tempting setup, and I lost. secondly I have been researching on how to trade news and found some good results in my hindsight studies so I decided to trade the news yesterday, although I was bullish on the USD and bearish on my specific markets I trade (EU, GU, gold and US30), I was anticipating the news to favor the USD of which it did. As soon as the news was released, I shorted GU, gold and US30, boy o boy, price moved in my expected direction and I was feeling like a boss thinking that I have finally cracked the markets. my euphoria got into my head. while I was waiting for target to be reached, price reversed and hit my stoploss on gold and GU. I was very livid and I threw all caution out the window, at that moment I forgot all the warnings that the elders have made here and every other trading advice that I have read over the years which I thought I had integrated into myself. I thought the market gods were just manipulating the markets as usual and I shorted GU and gold again and then I removed my stoploss on US30 (a very costly mistake). I had wining trades on Tuesday and Wednesday trading US30 and I felt like I have mastered the beast, oh Jesus, US30 doesn't deserved to be called a beast but a monstrosity monster 😭😭😭😭. US30 began to rise and then fly and then soar.... I prayed for her to come down, she refused, I begged her to come down, she said no. And then I did something very stupid, I began to will her to come down, how arrogant of me to think I could control the markets with my will. And then surprisingly US30 submit to my will (or I thought so) and she came down to my entry. I foolishly did not close the trade, because I thought the storm was finally over, meanwhile GU and gold hit my stoploss again. I did not bother, I was just praying that US30 should just go in my direction of which she did and I was finally thinking alas the worst had passed. Then the tsunami strucked before my eyes, US30 began to surge up again and I was just watching like mumu, hoping it will still come down but it never did. It kept on going up until I finally decided to kill my hope and close the trade with a $4k loss. I didn't even know that TFT had already sent me a disqualification mail. after closing all the trades, l lay down with a throbbing pain in my chest and feverishness all over my body. I realized that my expectations were cut short, my hopes were dashed and I have to wait till next month for another opportunity. ICT always says, if you don't open your eyes to the markets, you will open your ass to the markets, brethren, I confess that I honorably opened my ass to the markets yesterday and they did not hesitate to give me a resounding smack. Alas I will continue to trade my TFT account even though I have been disqualified, I will focus on making back all the losses I made by the end of the month with strict risk management, hence I have decided not to risk more than 0.5% per trade. To my fellow noobs on this thread, honestly risk management and discipline is the holy grail of trading. I don't care whatever strategy you are using to trade, if you don't have strict risk management and discipline, you're is just a few moments away from being wrecked.

Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all.

konfusedgee:


Since una don accept say na gambling hope say una no go dey cry too much because una blow account

konfusedgee:


Since una don accept say na gambling hope say una no go dey cry too much because una blow account

Emmizay12:
I keep saying this,

having a gamblers mindset will put your trading game into a very good perspective..
when you tell people that this thing is Gambling they think gambling is all about taking uncalculated risks..........there are thousands of people through out history that have attempted to beat gambling games through mathematics,

gambling=unknown outcomes= probability= maths

same as Forex Trading

understanding this whole thing is pure mathematics will fix your emotion and psychology issues in trading, emotions can't solve maths, only formulas can solve maths

what do you think discipline, consistency, following strategy, accepting losses try to achieve,, it tries to make you follow a formula that can solve the probability problem that forex is, nothing more or less

you believe in analysis, you believe in setups, you believe you have control of your wins because you can do technical or fundamental analysis

hahahaha that is the lie you have been told
trading =gambling

you cannot control any f***king outcome
the moment you believe you can, you will overleveage, revenge trade, shift stoploss backwards, overtrade, place too much emphasis on every individual trade. believe a setup is too good to fail

in gambling you fully accept any and every loss once you stake games, sport gamblers are better risk managers,, cos they will stake 10 games with 100ngn and try to cashout 5k, that's a very good risk to reward, even though it's laughable.

bring the mindset and approach of a gambler to forex
and let probability do it's magic

charly20:


Na wetin en want be that. So anytime the oga talk about am again just tell am say na true. When him see say argument no dey gree comot from the subject again, him go rest.

These things no dey hard normally

realone12:
so how much have you made since you know the secret now?
I reckon you should be swimming in billions now

Emmizay12:


so this one don classify am as argument

OfficialP:
Am in severe pain this morning, I took some trades yesterdayz left it overnight, the spread widened and daily drawdown was breached. It was all my fault, I over leveraged the account in a bid to recover earlier loss. I failed myself and missed an opportunity.

P@raiseGod I am sorry, I have learnt again in a hard way.

I pray God favors me again with another opportunity in His infinite mercies.


Am sorry, I let myself down and betrayed the trust.

realone12:
if you believe it's a Gamble, keep it to yourself and stop trying to shove it down our throat..

we were fighting meshpips the other day for trying to force Vap down our throat. is it not the same thing you are doing now as per sey u are trying to force your gambling philosophy down our throat?

Emmizay12:
people just getting pissed off because I'm saying the truth


well I understand,,,the truth HURTS

BinaryRocks:

Sorry Boss.
Pain is every trader's friend.
I'm currently learning my own too.

Over leveraging and OVERNIGHT TRADING IS VERY SUICIDAL TO PROP ACCOUNT.
Being disciplined is very very important.

Emmizay12:
I keep saying this,

having a gamblers mindset will put your trading game into a very good perspective..
when you tell people that this thing is Gambling they think gambling is all about taking uncalculated risks..........there are thousands of people through out history that have attempted to beat gambling games through mathematics,

gambling=unknown outcomes= probability= maths

same as Forex Trading

understanding this whole thing is pure mathematics will fix your emotion and psychology issues in trading, emotions can't solve maths, only formulas can solve maths

what do you think discipline, consistency, following strategy, accepting losses try to achieve,, it tries to make you follow a formula that can solve the probability problem that forex is, nothing more or less

you believe in analysis, you believe in setups, you believe you have control of your wins because you can do technical or fundamental analysis

hahahaha that is the lie you have been told
trading =gambling

you cannot control any f***king outcome
the moment you believe you can, you will overleveage, revenge trade, shift stoploss backwards, overtrade, place too much emphasis on every individual trade. believe a setup is too good to fail

in gambling you fully accept any and every loss once you stake games, sport gamblers are better risk managers,, cos they will stake 10 games with 100ngn and try to cashout 5k, that's a very good risk to reward, even though it's laughable.

bring the mindset and approach of a gambler to forex
and let probability do it's magic

infofirst:
I'm considering modifying the competition rules. Moving forward, only committed and serious participants will be allowed. To be eligible, participants must have an account age of at least six months and a history of activity on the thread. A request to assess their qualifications will be necessary before extending an invitation.

While the competition results can be made public, the primary method of joining will be through invitation. The competition will run for three months. To qualify for a $10,000 challenge, participants must achieve a minimum of 10% profit, and their drawdown (DD) must not exceed 10%. Additionally, they must actively trade for a minimum of one month to be eligible for the prize.

We will utilize a Darwinex $10,000 demo account, which should be linkable to my FXBlue account. However, I still need to confirm whether the demo account will expire within that three-month period. It's important to note that Darwinex offers lower leverage, allowing only a maximum of 0.1 lot size and a maximum of two positions at a time. Participants must be willing to adhere to these rules if they win the challenge account; otherwise, they will face a permanent ban.

We need to stop playing. Our play don dey too much.

GabsonFX2:
No