LincolnOnyeabor:


Alright sir, thanks very much boss.

One last thing Biko.

Do you have a fixed R:R you aim for?? Cause in one of your posts sir, you said you don't set TP.

How do you now manage the trades sir?? You watch the market as it goes and close at major Retracement/Resistance to your specified directions or what??

I apologise if the questions are much sir, I just want to craft my trading similarly to yours.

I see that your Trading style suits me and I want to replicate it.

Davigle:



Ogami be calming down naw, see as u don distabilize my eah wit ya English naw oga professor....🤣

Jameselias:


Well, my case is different, even if I keep my SL at previous years high or low price will make sure it goes there first before any other thing , 😆😆😆😆

F1re:


1- No fixed RR, depends on where the market wants to go, I mostly just adjust my sl till there's a major reversal.

2- I manage the trades by watching the market, I add to my trades at a LH or a HL in a trending market or hold to a major support or resistance on M15.

F1re:


1- No fixed RR, depends on where the market wants to go, I mostly just adjust my sl till there's a major reversal.

2- I manage the trades by watching the market, I add to my trades at a LH or a HL in a trending market or hold to a major support or resistance on M15.

samfelly:


Itumo?😃😃

samfelly:


Itumo?😃😃

Jameselias:


By adjusting SL you mean widening it

LincolnOnyeabor:


Alright thanks very much sir.

Really appreciate it.

Make I go find $5 fund for my Cent Account take start again.

Petah:
boss, which broker, a time when I used exness, the minimum deposit was $10 even to fund Vet account

GabsonFX2:
BTCUSD: Swing Short!

SL and entry indicated on charts. Thursday's candle will determine if this swing will hold or not. The candle will be the determining factor.

# I've been trading on phone 📱 for weeks now due to one or two.

G30fx:
Us30 selling loading am waiting for confirmation b4 i sell

LincolnOnyeabor:


It's Headway sir.

If you need it, I can drop the link for you sir.

GabsonFX2:
Exposing PropFirms' Model
I understand you, now I need you to understand this, then the below advice follows

Each time we pass a challenge with prop firm, what we are doing is doubling (making 100%) the capital which naturally makes us aggressive traders. Meaning, if you buy a $10K prop account, $1K is the actual risk appetite, and they want us to double it ($1K profit, 100%). In fact, $500 daily DD is the imminent and closest to hit risk appetite and this is the actual failure traders experience. Compare having a $500 risk capital to targeting $1K profits in order to win phase 1. That's making 150% of your risk capital.

They understand that if after you are unable to make 100% after 5 tries, you may luckily win 100% on the 6th try but then, they await you on the phase 2 of the 6th try cos they understand that you still have to be aggressive to make the phase 2 $500 target, i.e. 50% if $1K overall DD is considered or 100% for a $500 daily DD consideration. This keeps you going in cycle with them and other props. This is model that make them their money.

In the real and professional world, a sustainable forex trading is making 2% to 5% monthly profits and about 12% to 30% yearly. But prop firms twist it all by asking us to make 100% profit on phase 1 when loss is by an overall DD, 150% profit when loss is by a daily DD and 50% profit on phase 2, 100% profit when loss is by daily DD.

Prior to the advent of prop firm, I would never advise anyone to borrow capital to trade; but now, I would advise that you could borrow $500; target only 10%, withdraw the capital and profit, return the capital to where it was borrowed from. Use the profit to buy two prop challenges.

10% profit target on personal account is better than what prop firm requires from us.

GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal account with $3K yesterday and today I have made 35%. If it was a prop account, it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.

GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal account with $3K yesterday and today I have made 35%. If it was a prop account, it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.

GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal account with $3K yesterday and today I have made 35%. If it was a prop account, it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.

Petah:
thank you I will love that and how long have you been using them sir? Is their deposit and withdrawal fast?? Thanks sir.

Jameselias:
abeg wetting itumo mean?

GabsonFX2:
$3K funded yesterday. $1,170 profits made in 2days. (39%)
Capital withdrawn. Now trading with profits witn zero risks.
All attached.

Jameselias:
abeg wetting itumo mean?

GarkiAccessory:

Might reach 39300 or 39400 today

realone12:
83% in fundedNext competition, all thanks to us30, Gold, silver and Nas100 😂😂..

The last time I hit 65% I greedily continue trading and ended up losing the account as a result of some unclear rules I didn't understand back then..

Now I know better..
Uninstalling MT5 is the way to go.

As a matter of fact, those guys at the top position are beasts.. I'm tired of chasing them😂 e sure for me sey I go win account. I don't mind if I end up not winning the money prices.

GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal account with $3K yesterday and today I have made 35%. If it was a prop account, it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.

realone12:
83% in fundedNext competition, all thanks to us30, Gold, silver and Nas100 😂😂..

The last time I hit 65% I greedily continue trading and ended up losing the account as a result of some unclear rules I didn't understand back then..

Now I know better..
Uninstalling MT5 is the way to go.

As a matter of fact, those guys at the top position are beasts.. I'm tired of chasing them😂 e sure for me sey I go win account. I don't mind if I end up not winning the money prices.