₦airaland Forum

GabsonFX2:
Final Update on This $100K Account Before Withdrawal

Analytics attached (75% win rate)

Yesterday's profit = US$ 990.58 (updated)

Total profit = US$ 7,823.92

Withdrawal 14th Oct
= 7,823.92 * 0.9 + 1.5 * 513 + 1950

= US$ 9,761.03

Account deleted from platform, no more update on this account, waiting withdrawal...................Oct 14

Job well done.
More wins.

rhynoemmie:
Part 2

the structure

Let's say since June, people who have hit 10% on TFT competition account and were awarded prop accts should be at least 5. That's at $250 A month. Calculating from June till September and that gets you a whopping 1k. And we don't really have a lot to show for it. I'm not saying that the traders are the problem, i'm just thinking that if we tackle this from another perspective, we could make really significant headway.I'm thinking this is what meshpips was trying to tell us sometime back but i guess the message didn't come across well.

Now we can all say based on how active most of us have been here that when it comes to analysis, guys like charly20, Abhams, kozmicity, davigle,fxcandles, nzechu and lanshile

Under risk management, we have dmahns, donsheddy, charly20,

And then traders, officialP, realone12, greatcheers, pipsmarshall elliotwaveforec

By traders, I mean people who have conquered the fear of putting on trades and waiting till those trades hit tp

If there's a way we can each apply these strengths under one name, I think we would most definitely make progress. This way the work load is shared and everybody has something to learn from each other on a fundamental basis. This project is one that would benefit the whole group, both intellectually and cash wise.

Part 3

planning

Back to the money, I think it's safe to say that at least, 60-70% of traders on fta reside in/near Lagos. Now if that same 1k could be spent in another way. Ie a flat is rented at maybe 250-300, for a year. If we don't feel safe with this deal, it could be cut down for 6 months. And then the rest of the money is channeled into getting maybe 3 × 50k prop accts and these accounts are given to people who we can all say are good traders. Acting on trade ideas that are generated from the analyst and have already been decided on by the group (samfelly). With position sizing restrictions alreasy laid out with entry and exit plans already in place.

If we could tackle it from this angle, people will have to see it differently because what you're doing now is in line with your core strength and the pressure that comes with trading could be somewhat alleviated.

Example, an analyst who's scared of putting on his trades or a great trader who closes his trades too early won't have a choice to exhibit these characters again cos the choice is no longer in his hands again.

This could prove to be a reliable solution to the problem of moving everybody here forward and resources will be put to better use. It's a solution where everyone comes out on top long term.

Makes sense.

Some questions.

What happens when the trade department differ in view from the analysis department? Who calls the shots on the trades to be executed? How do you reconcile varying views owing to the diversity of market perspective of the participants?

Are you dealing with long term market analysis or short term?

This looks more like a physical interaction project. How do you deal with the challenges of meeting to share analysis? The space to be rented is an office space in my assumption. How do you deal with the problem of those who may reside at locations very far from the rented space?

What happens when key members are unable to discharge their functions as a result of their private life pursuits or something else?

I know this plan is feasible, but there are matters arising that should be addressed if this project must take off without a hitch.

Your thinking on this project is commendable.

Others will have their perspective on the issue that will also be of interest to consider.

GabsonFX2:
Final Update on This $100K Account Before Withdrawal

Analytics attached (75% win rate)

Yesterday's profit = US$ 990.58 (updated)

Total profit = US$ 7,823.92

Withdrawal 14th Oct
= 7,823.92 * 0.9 + 1.5 * 513 + 1950

= US$ 9,761.03

Account deleted from platform, no more update on this account, waiting withdrawal...................Oct 14

Wonderful. A labourer is deserving of his wages. Well-deserved wins and congrats.

Nextt:
Makes sense.

Some questions.

What happens when the trade department differ in view from the analysis department? Who calls the shots on the trades to be executed? How do you reconcile varying views owing to the diversity of market perspective of the participants?

Are you dealing with long term market analysis or short term?

This looks more like a physical interaction project. How do you deal with the challenges of meeting to share analysis? The space to be rented is an office space in my assumption. How do you deal with the problem of those who may reside at locations very far from the rented space?

What happens when key members are unable to discharge their functions as a result of their private life pursuits or something else?

I know this plan is feasible, but there are matters arising that should be addressed if this project must take off without a hitch.

Your thinking on this project is commendable.

Others will have their perspective on the issue that will also be of interest to consider.

Are you dealing with long term market analysis or short term? this is it

rhynoemmie:
Part 2

the structure

Let's say since June, people who have hit 10% on TFT competition account and were awarded prop accts should be at least 5. That's at $250 A month. Calculating from June till September and that gets you a whopping 1k. And we don't really have a lot to show for it. I'm not saying that the traders are the problem, i'm just thinking that if we tackle this from another perspective, we could make really significant headway.I'm thinking this is what meshpips was trying to tell us sometime back but i guess the message didn't come across well.

Now we can all say based on how active most of us have been here that when it comes to analysis, guys like charly20, Abhams, kozmicity, davigle,fxcandles, nzechu and lanshile

Under risk management, we have dmahns, donsheddy, charly20,

And then traders, officialP, realone12, greatcheers, pipsmarshall elliotwaveforec

By traders, I mean people who have conquered the fear of putting on trades and waiting till those trades hit tp

If there's a way we can each apply these strengths under one name, I think we would most definitely make progress. This way the work load is shared and everybody has something to learn from each other on a fundamental basis. This project is one that would benefit the whole group, both intellectually and cash wise.

Part 3

planning

Back to the money, I think it's safe to say that at least, 60-70% of traders on fta reside in/near Lagos. Now if that same 1k could be spent in another way. Ie a flat is rented at maybe 250-300, for a year. If we don't feel safe with this deal, it could be cut down for 6 months. And then the rest of the money is channeled into getting maybe 3 × 50k prop accts and these accounts are given to people who we can all say are good traders. Acting on trade ideas that are generated from the analyst and have already been decided on by the group (samfelly). With position sizing restrictions alreasy laid out with entry and exit plans already in place.

If we could tackle it from this angle, people will have to see it differently because what you're doing now is in line with your core strength and the pressure that comes with trading could be somewhat alleviated.

Example, an analyst who's scared of putting on his trades or a great trader who closes his trades too early won't have a choice to exhibit these characters again cos the choice is no longer in his hands again.

This could prove to be a reliable solution to the problem of moving everybody here forward and resources will be put to better use. It's a solution where everyone comes out on top long term.

Nice

LincolnOnyeabor:
Waited for the News to settle down, and then got the rally as EU rallied back to 1.05500 area it was prior to the Drop.

Placed a trade and used Trailing Stop Loss to Manage my Trade. My New Stop loss got hit after doing like 3R but then Price still went ahead to hit the Full TP.

Question I have is: Is it better to manage trades by using Shifting Stoploss or we should just leave it like that??

Bosses in the House, how do you gurus manage your Trades sirs.

Thanks so very much sirs.

I think all questions are directly or indirectly related to your aims, strategy,and personal psychology in market.
What happened to you is called whipsawing,it part and passle of the market.
Basically no body can give you a precise answer on this excerpt yourself.
Backtesting and staying loyal to risk management will in most cases keep you afloat.

All in all shifting your stoploss will encourage indispline at least for a beginner.

Good morning traders and thanks to infofirst for giving us the opportunity to take part in this competition
The reason why I couldn't make real progress this week
I got 2 trades that was validated which would have given me 140 pips (2.8%) out of the 500 pips target to meet the requirement but I chickened out on both trades which came at different time
The NZDUSD was picked with 6pm candle but was scared of holding trade overnight had to just close it
The cadjpy was picked at 2-6am candle yesterday but glo seized the network after I entered I was just praying for it to come back so I can just close it cos I entered it in all my account and with the way I trade I must be checking my trade after it validate every 1hour and the move of the nzdusd would have ended immediately a bullish candle was formed
This is why I couldn't meet up but will make amends today
I will go get an Airtel today
Glo has done more harm to me than good

infofirst:
@oluwayemipeter should be a ghost worker here. Don't think I have seen the name here
@kellybently welldone
@maroka and @trading giants... Those are exceptional trading from you both. You mind coming to give members some hints on how they can do better as well. I hope you guys keep this up for real. I hope play has tired the two of you for real. @zonal and those hiding their trading orders. Kindly open them... We need to help each other.

Whats going on fellow contestants? What's stopping you from making atleast 0.5% this week... Come and confess, maybe someone might give you the appropriate answer to your challenge.

Missing trades which am not ready to join unless she comes back to tap m in by herself

Nextt:
Makes sense.

Some questions.

What happens when the trade department differ in view from the analysis department?

With the way what I'm saying is structured, the trade department can't disagree with the view from the analysis department. Everybody participating has to treat it as a job. Where your feelings are not in play.

Who calls the shots on the trades to be executed?

It could be by unanimous decision or whichever has the least risk to reward or we could leave the decision making to a person.

The best process to ensure that everyone puts in their best is, analysis are made and submitted for review. Now the trade department shouldn't be involved in this process to be able to counter bias that might arise from personal feelings and the analysis department shouldn't be aware of an analysis that has been given the green light.

how do you reconcile varying views owing to the diversity of market perspective of the participants?

I think my explanation above might have answered this but if it doesn't, then we look at it from a risk to reward perspective.

are you dealing with long term market analysis or short term?

There's no reason why we can't do both. For the swing traders, their ideas and trade perspective will be welcomed, that's why i suggested more than one account.

this looks more like a physical interaction project. How do you deal with the challenges of meeting to share analysis?

I believe it's fair to say that everyone caters for their transport. Let's all be considerate. Someone has spent on spacing and prop acct, it would be wickedness to add transport to the mix. And I'm positive that people who.would participate in this would have personal accts that they trade.(my wishful thinking sha)

the space to be rented is an office space in my assumption. How do you deal with the problem of those who may reside at locations very far from the rented space?

It all depends on how motivated the person is to the cause.

what happens when key members are unable to discharge their functions as a result of their private life pursuits or something else?

That's why it's a team. We could always fill up for others shortcomings.

I know this plan is feasible, but there are matters arising that should be addressed if this project must take off without a hitch.

Your thinking on this project is commendable.

Others will have their perspective on the issue that will also be of interest to consider.

Thanks for the questions tho. Made me think about this even more.

kozmicity:
Is there a time limit to the evaluation phases?

And that meme though🤣

Lol 😂, no time limits, I believe that’s a thing of the past in the props firm space

Good Morning Kings


Welcome to a New Day

There is a reason @Maventrading is considered "the most trusted prop firm"

Why Maven?
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✓ Say No To Losing Funded account
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Get on board with Maven today with ongoing offer 😋 🐐

Code : October 🤫

Just click on the link below and use promo code OCTOBER
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Supremefx:
There is a reason @Maventrading is considered "the most trusted prop firm"

Why Maven?
✓ Best Customer Support
✓ Say No To Losing Funded account
✓ Best Scaling program
✓ Friendly Purchase prices
✓ And More.....

Get on board with Maven today with ongoing offer

Code : October

Just click on the link below and use promo code OCTOBER
https://maventrading.com/ref/845/

how? I don't understand. you mean funded account can't be lost?

Good morning great people,great traders and our big bosses in the house. I want to bring a suggestion that could uplift many people expecially the new traders among us.
I am suggesting a Telegram or WhatsApp platform where we can be analysing and entering trades together real time.
I belong to a trading platform where we trades together ❤️, we gladly enter into any trades ideas 💡 dropped in the group and happily win or loss together even though our wins are more than 70 percent.
I have seen great traders in this house that are more knowledgeable than most traders in my trading group, if the bosses in this house can put their differences behind them work together in 💙 love ❤️ many people will be lifted from poverty through fx trading and HEAVEN will be very happy.
I am very sure if 4 -6 bosses in the house take it upon themselves to be dropping trade ideas or signals in the group we can guarantee over 70 percent trade wins. And people will be happy when ever they win trades and won't be sad when they loss trades. By this we even grow small account, make at least 20 to 50 pips daily bread.
So I am suggesting we creat a TELEGRAM or WHATSAPP group before next week Friday IF we have at leat 50 likes on this SUGGESTION. 😀 if this is seconded by many let's give it at leat 50 like. IRE O.
MAY BLUE 💙 PIPS CONTINUALLY 💙 FALLS ON US.

news released yesterday was in my favor .am able print some money.news trading sweet.

GabsonFX2:
Final Update on This $100K Account Before Withdrawal

Analytics attached (75% win rate)

Yesterday's profit = US$ 990.58 (updated)

Total profit = US$ 7,823.92

Withdrawal 14th Oct
= 7,823.92 * 0.9 + 1.5 * 513 + 1950

= US$ 9,761.03

Account deleted from platform, no more update on this account, waiting withdrawal...................Oct 14

A great and memorable day!

rhynoemmie:
Part 2

the structure

Let's say since June, people who have hit 10% on TFT competition account and were awarded prop accts should be at least 5. That's at $250 A month. Calculating from June till September and that gets you a whopping 1k. And we don't really have a lot to show for it. I'm not saying that the traders are the problem, i'm just thinking that if we tackle this from another perspective, we could make really significant headway.I'm thinking this is what meshpips was trying to tell us sometime back but i guess the message didn't come across well.

Now we can all say based on how active most of us have been here that when it comes to analysis, guys like charly20, Abhams, kozmicity, davigle,fxcandles, nzechu and lanshile

Under risk management, we have dmahns, donsheddy, charly20,

And then traders, officialP, realone12, greatcheers, pipsmarshall elliotwaveforec

By traders, I mean people who have conquered the fear of putting on trades and waiting till those trades hit tp

If there's a way we can each apply these strengths under one name, I think we would most definitely make progress. This way the work load is shared and everybody has something to learn from each other on a fundamental basis. This project is one that would benefit the whole group, both intellectually and cash wise.

Part 3

planning

Back to the money, I think it's safe to say that at least, 60-70% of traders on fta reside in/near Lagos. Now if that same 1k could be spent in another way. Ie a flat is rented at maybe 250-300, for a year. If we don't feel safe with this deal, it could be cut down for 6 months. And then the rest of the money is channeled into getting maybe 3 × 50k prop accts and these accounts are given to people who we can all say are good traders. Acting on trade ideas that are generated from the analyst and have already been decided on by the group (samfelly). With position sizing restrictions alreasy laid out with entry and exit plans already in place.

If we could tackle it from this angle, people will have to see it differently because what you're doing now is in line with your core strength and the pressure that comes with trading could be somewhat alleviated.

Example, an analyst who's scared of putting on his trades or a great trader who closes his trades too early won't have a choice to exhibit these characters again cos the choice is no longer in his hands again.

This could prove to be a reliable solution to the problem of moving everybody here forward and resources will be put to better use. It's a solution where everyone comes out on top long term.

Seeing my name in the list of analyst made me laugh hard
You have a good suggestion which is good on paper but in reality it is impossible
I'm not a good analyst cos I can't tell you the zone where price will react
I only trade with 4h TF and it is the immediate 4h candle close that determines my entry of a trade and I'm still a work in progress though I have high accuracy in picking my entry as per say I built my method myself I can't say that have arrived cos my new discovery sometimes cancel out a theory I formulate so it is just like a learning process which will/can never end
Everyone you mentioned also have 1 or 2 things that they think is still their problem in this game and problem no dey finish in this business,it is just like a bug
The best thing is just do your thing as everything in fx is personal
Information is been shared everyday but it is only guys that trade naked chart that get the most out of it
Anytime traders post their chart I mark up their entry point on my chart the trader may have analysed the trade with the use of indicator but I will just discover something else which isn't even related to how he analysed his trade
The best thing is just focus on acquiring more knowledge
The risk management,discipline is also part of knowledge
Money will come when the process is right
No knowledge is a waste and make we no focus on how to win only but also how to avoid the loss
You can have 6 reason why a trade will go right but as you entered it hit sl why not scrutinize the lost trade and discover the 7th reason which is why it hit sl

rhynoemmie:
With the way what I'm saying is structured, the trade department can't disagree with the view from the analysis department. Everybody participating has to treat it as a job. Where your feelings are not in play.



It could be by unanimous decision or whichever has the least risk to reward or we could leave the decision making to a person.

The best process to ensure that everyone puts in their best is, analysis are made and submitted for review. Now the trade department shouldn't be involved in this process to be able to counter bias that might arise from personal feelings and the analysis department shouldn't be aware of an analysis that has been given the green light.



I think my explanation above might have answered this but if it doesn't, then we look at it from a risk to reward perspective.



There's no reason why we can't do both. For the swing traders, their ideas and trade perspective will be welcomed, that's why i suggested more than one account.



I believe it's fair to say that everyone caters for their transport. Let's all be considerate. Someone has spent on spacing and prop acct, it would be wickedness to add transport to the mix. And I'm positive that people who.would participate in this would have personal accts that they trade.(my wishful thinking sha)



It all depends on how motivated the person is to the cause.



That's why it's a team. We could always fill up for others shortcomings.



Thanks for the questions tho. Made me think about this even more.

You answers are well-tailored to meet the specific issues raised. I shall be following this proposal with keen interest. And you're welcome.

Aremolekunowo:
Good morning great people,great traders and our big bosses in the house. I want to bring a suggestion that could uplift many people expecially the new traders among us.
I am suggesting a Telegram or WhatsApp platform where we can be analysing and entering trades together real time.
I belong to a trading platform where we trades together ❤️, we gladly enter into any trades ideas 💡 dropped in the group and happily win or loss together even though our wins are more than 70 percent.
I have seen great traders in this house that are more knowledgeable than most traders in my trading group, if the bosses in this house can put their differences behind them work together in 💙 love ❤️ many people will be lifted from poverty through fx trading and HEAVEN will be very happy.
I am very sure if 4 -6 bosses in the house take it upon themselves to be dropping trade ideas or signals in the group we can guarantee over 70 percent trade wins. And people will be happy when ever they win trades and won't be sad when they loss trades. By this we even grow small account, make at least 20 to 50 pips daily bread.
So I am suggesting we creat a TELEGRAM or WHATSAPP group before next week Friday IF we have at leat 50 likes on this SUGGESTION. 😀 if this is seconded by many let's give it at leat 50 like. IRE O.
MAY BLUE 💙 PIPS CONTINUALLY 💙 FALLS ON US.

The bolded has been flogged and over-flogged both in this thread and its predecessors. The general consensus is that FTA thread remains the only community designed for what you proposed.

rhynoemmie:
With the way what I'm saying is structured, the trade department can't disagree with the view from the analysis department. Everybody participating has to treat it as a job. Where your feelings are not in play.

It could be by unanimous decision or whichever has the least risk to reward or we could leave the decision making to a person.

The best process to ensure that everyone puts in their best is, analysis are made and submitted for review. Now the trade department shouldn't be involved in this process to be able to counter bias that might arise from personal feelings and the analysis department shouldn't be aware of an analysis that has been given the green light.

I think my explanation above might have answered this but if it doesn't, then we look at it from a risk to reward perspective.

There's no reason why we can't do both. For the swing traders, their ideas and trade perspective will be welcomed, that's why i suggested more than one account.

I believe it's fair to say that everyone caters for their transport. Let's all be considerate. Someone has spent on spacing and prop acct, it would be wickedness to add transport to the mix. And I'm positive that people who.would participate in this would have personal accts that they trade.(my wishful thinking sha)


It all depends on how motivated the person is to the cause.

That's why it's a team. We could always fill up for others shortcomings.

Thanks for the questions tho. Made me think about this even more.

Boss mi, I got your msg nd plans earlier, I will try and discuss with you outside of here. You have a great idea but you see humans, they are extremely difficult to manage... I will give you real life examples and you will be able to understand better.

US30 Wave Analysis:

Timeframe: 15m

Current Wave: 4th (Corrective)

Destination: Above 33200

Long Above 33200 for a target above today's high (33558).

Current price: 33435.

There's enough room for scalping either towards today's high for a rejection before moving moving towards 33200.

I'd rather follow the impulsive wave up.

AK284:
I think all questions are directly or indirectly related to your aims, strategy,and personal psychology in market.
What happened to you is called whipsawing,it part and passle of the market.
Basically no body can give you a precise answer on this excerpt yourself.
Backtesting and staying loyal to risk management will in most cases keep you afloat.

All in all shifting your stoploss will encourage indispline at least for a beginner.

I didn't shift the Stoploss the way you're thinking sir.

I moved it into Profits to secure some. And the markets reversed and even passed my entry before retracing back to hit full TP.

Which means that had I not secured some Profits, I would have lost totally!

LincolnOnyeabor:
I didn't shift the Stoploss the way you're thinking sir.

I moved it into Profits to secure some. And the markets reversed and even passed my entry before retracing back to hit full TP.

Which means that had I not secured some Profits, I would have lost totally!

Download naked forex by Walter Peters...

The answer you seek lies there...area ard trade mgmt

There are two types of traders...runners and gunners

Runners like to let their trades run

Gunners prefer to take profits at specific levels and don't care how far market goes after that

You can't do both...

For more details, read this post:

https://www.fxsforexsrbijaforum.com/t1741-runners-and-gunners

- the content here is culled from the book, Naked forex

Gold and Eurusd bullish momentum surprised me on Friday after news came in.

Lesson I learnt is to never underestimate the weekly area.


I did backtest and I discovered that more than 90% of the time, the weekly area from the low of the previous week or from a strong demand zone will always be respected especially in a downtrend.

Same thing occurs on uptrends as well. I tested it on usdjpy, xauusd, eurusd and audnzd.

And the few times, such zone is broken (zone here is low -1 WK ATR), market regularly finds buyers at the very next weekly zone.

Based on this, even if Xauusd breaks 1810, it will definitely find buyers at either 1770 or 1730.

Geovanni412:
Gold and Eurusd bullish momentum surprised me on Friday after news came in.

Lesson I learnt is to never underestimate the weekly area.


I did backtest and I discovered that more than 90% of the time, the weekly area from the low of the previous week or from a strong demand zone will always be respected especially in a downtrend.

Same thing occurs on uptrends as well. I tested it on usdjpy, xauusd, eurusd and audnzd.

And the few times, such zone is broken (zone here is low -1 WK ATR), market regularly finds buyers at the very next weekly zone.

Based on this, even if Xauusd breaks 1810, it will definitely find buyers at either 1770 or 1730.

Now we are seeing the light.

He said, he said

These are levels to always keep in mind

Session High & Low
Daily High & Low
Weekly High & Low
Monthly High & Low
There are high liquidity zones.

Depending on whether the trader is a gunner or runner

It scalper, daytrader, swing trader or position trader.

That does not mean that we will not encounter Stop loss hit at all. It is part of the game. It just depends on the magnitude

Weekly Assessment
I think competitions model are more favourable to indices traders than currency pairs because of their volatility. Because I wanted to make more from my little currency pairs made me bought EurJpy on Tuesday because I believed[what effrontery] it would reverse back to where I initially sold it from on Monday. I was already enjoying the ride on 40pips profit before JPY did the werey it did on Tuesday by doing a crazy reversal and smashed my SL.

My mistake was jumping on a trade that I shouldn't be at that point in time. And one thing I was sure of that caused it was the competition, because if not for competition, I wouldn't have joined the trade and would instead wait for it to reach there before selling again, and if it doesn't, i carry my kaya go find another market.

I wanted a live account so bad next month that it was changing me without me even realizing it. So I hopped on two competitions fundedNext and TFT to make 40% at least so I could be among top100 to stand a chance of winning an account.

Solution: I logged out of both FundedNext and TFT from my phone and decided to just face our FTA competition squarely since the patterns[like having maximum of two trades opened at any given time] and minimal lot sizes are the same way I intend trading too. The good part is there is even a guaranteed prop firm account if everyone can attain just 10% in 3months courtesy of our own Boss Info.
So I thought to myself, will you run and risk falling or you will just crawl slowly and get to your destination nonetheless. I picked the latter.

Second solution: I worked on moving my SL to break even once market moves about 30 to 40pips my way. EurJpy thought me this. If I won't be winning by market reversing, I also won't be losing either. Protect your money first, and collect whatever market offers is the motto now.

This week made me a better trader, the two weeks ago ME wouldn't have had it better with this week's type of market movement.
I think the lot size did a good job at that, as it made me increase my SL to handle more swings than my usual 20pips, because some markets moved about 30pips+ against me before eventually going my way a little.

By adding these new elements to my trading, I've altered some few things that made me more profitable, like breaking even when market does heavy retracement back to me and against me before eventually going my way.
But the good part is, chances of losing on an initial winning trade is now slimmer, which can also means profitability on its own too.

The last mistake is the funniest, left trade opened over the weekend because I was at a lounge drinking my life way, and didn't know when 10pm passed. What made me forgot was because I already moved SL to BE since 4pm, so I was sure of not losing even if it goes sideways but I forgot yesterday was Friday and not a midweek anymore. I only keep trades overnight and not on weekends.
I hope the there won't be enough gaps to kick my drunken a.ss off on Sunday night.
Solution: Don't drink and trade or close your trades before drinking is the new rule now.

We are moving slowly, but we are moving nonetheless. At those people at the top, I sight you guys, much respect I got for you people, it's not easy hitting 5%+ in a week with this week's shege my eyes saw.
Have a lovely weekend traders.

Mentioning meshpips is distasteful as mesh na hypocrite and selfishness combo.

His suggestion was he should only be given the account only as others have no right to self improvement.

I would only hope Boss infofist is not misguided. He should follow his original plan of building money management into traders which is number 1 enemy of most traders. Logic be say if you last long enough in the market, you'll sooner or later find your feet. That his challenge is the best only say Oga samfelly lock me out from viewing.

What Boss infofist planted will germinate and bear fruit within 6 months from now if he doesn't allow naysayers to derail him as there are great traders in that challenge who can and willing to support him in his future philanthropic ventures.

Remember the best investment is human investment. Many wouldn't have opportunity to get prop account except through Boss infofist challenge made possible through his 0.2 maximum lotsize rule. I am sure they'll be grateful to him for it

Cashhy11:
Weekly Assessment
I think competitions model are more favourable to indices traders than currency pairs because of their volatility. Because I wanted to make more from my little currency pairs made me bought EurJpy on Tuesday because I believed[what effrontery] it would reverse back to where I initially sold it from on Monday. I was already enjoying the ride on 40pips profit before JPY did the werey it did on Tuesday by doing a crazy reversal and smashed my SL.

My mistake was jumping on a trade that I shouldn't be at that point in time. And one thing I was sure of that caused it was the competition, because if not for competition, I wouldn't have joined the trade and would instead wait for it to reach there before selling again, and if it doesn't, i carry my kaya go find another market.

I wanted a live account so bad next month that it was changing me without me even realizing it. So I hopped on two competitions fundedNext and TFT to make 40% at least so I could be among top100 to stand a chance of winning an account.

Solution: I logged out of both FundedNext and TFT from my phone and decided to just face our FTA competition squarely since the patterns[like having maximum of two trades opened at any given time] and minimal lot sizes are the same way I intend trading too. The good part is there is even a guaranteed prop firm account if everyone can attain just 10% in 3months courtesy of our own Boss Info.
So I thought to myself, will you run and risk falling or you will just crawl slowly and get to your destination nonetheless. I picked the latter.

Second solution: I worked on moving my SL to break even once market moves about 30 to 40pips my way. EurJpy thought me this. If I won't be winning by market reversing, I also won't be losing either. Protect your money first, and collect whatever market offers is the motto now.

This week made me a better trader, the two weeks ago ME wouldn't have had it better with this week's type of market movement.
I think the lot size did a good job at that, as it made me increase my SL to handle more swings than my usual 20pips, because some markets moved about 30pips+ against me before eventually going my way a little.

By adding these new elements to my trading, I've altered some few things that made me more profitable, like breaking even when market does heavy retracement back to me and against me before eventually going my way.
But the good part is, chances of losing on an initial winning trade is now slimmer, which can also means profitability on its own too.

The last mistake is the funniest, left trade opened over the weekend because I was at a lounge drinking my life way, and didn't know when 10pm passed. What made me forgot was because I already moved SL to BE since 4pm, so I was sure of not losing even if it goes sideways but I forgot yesterday was Friday and not a midweek anymore. I only keep trades overnight and not on weekends.
I hope the there won't be enough gaps to kick my drunken a.ss off on Sunday night.
Solution: Don't drink and trade or close your trades before drinking is the new rule now.

We are moving slowly, but we are moving nonetheless. At those people at the top, I sight you guys, much respect I got for you people, it's not easy hitting 5%+ in a week with this week's shege my eyes saw.
Have a lovely weekend traders.

Is like you are not a newbie as you claimed
Keep it up brother you will succeed
I like the way you always push yourself
You dey motivate me

zedegit:
Mentioning meshpips is distasteful as mesh na hypocrite and selfishness combo.

His suggestion was he should only be given the account only as others have no right to self improvement.

I would only hope Boss infofist is not misguided. He should follow his original plan of building money management into traders which is number 1 enemy of most traders. Logic be say if you last long enough in the market, you'll sooner or later find your feet. That his challenge is the best only say Oga samfelly lock me out from viewing.

What Boss infofist planted will germinate and bear fruit within 6 months from now if he doesn't allow naysayers to derail him as there are great traders in that challenge who can and willing to support him in his future philanthropic ventures.

Remember the best investment is human investment. Many wouldn't have opportunity to get prop account except through Boss infofist challenge made possible through his 0.2 maximum lotsize rule. I am sure they'll be grateful to him for it

You did not take part in the challenge but you were quick enough to point out the loss someone else made that was why samfelly locked all outsiders out
People will succeed in this group I swear
It pains me so much you cant see what is going on in the challenge you would have seen what I'm seeing

MONEY247:
I am 10% up already but I already broke the rules..,.

It's more like a marathon and that's the thing.
It was nice giving a try...

Chai And there's nothing like soft breach in this challenge. It is well...

Nextt:
That is the idea Infofirst is trying to distill in the minds of traders. I see your participation and disqualification as a win-win.

Exactly. I'm really glad I participated. I think I may have found an edge

Lanshile:
Is like you are not a newbie as you claimed
Keep it up brother you will succeed
I like the way you always push yourself
You dey motivate me

Thanks brother, if one is not self critical of oneself, Mr. market is there to knock the lesson the hard way into one's head, this is one thing I plan to avoid. I want to learn from failures of other traders and maybe a little from mine[ if possible, none from mine].