₦airaland Forum

XAUTrader4L2:
Only if I see a sell signal at the supply will I enter a trade.

LincolnOnyeabor:
Yeah.

The final tp is still far off.

But I closed it. I've re-entered another 2 positions sha.

With TP at 2.10 area. This should help me pass the phase 1 of this account.

Omo! 2 phase accounts are just sooo meeeeehhh on the mind.

nzechu:
FundedNext runs a monthly competition. They already have rules set out.

So everyone here joins that competition, 100k account, submit their profile to you, at the end of the competition, you retrieve everybody's performance.

And get your winners there

samfelly:
If it happened that we finally settled for this, what lot size rule (risk management) would you ask the host to introduced that can match a $10K account type of competition?

Kaesyrn:
Wednesday 21st May

FUNDAMENTALS ⚙

samfelly:
If it happened that we finally settled for this, what lot size rule (risk management) would you ask the host to introduced that can match a $10K account type of competition?

Kaesyrn:
Playing

nzechu:
thank you

FundedNext, already has lotsize rule for their 100k competition, we can adopt it. There is no need to tailor it down to a 10k type of competition.

You can't HV more than 5 positions opened at same time.
You can't trade more than 3 lots on gold/induces and more than 5 lots on currencies.

We can adopt these rules.
With Thier dashboard you can read all the competitors trades. They only HV to register before the monthly competition

jsheng:
This is my baiz on the USDCAD pair bearish 📉

The implication of this on the EURUSD GBPUSD AUDUSD NZDUSD will be bullish 📈

My Grandma always wisper to my ear every night that I should always buy PATIENT and keep, it will be useful in time of farming

I greet everyone in the house

Kaesyrn:


“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” —

Bruce Lee

Kaesyrn:
Gap filled ✅

Riverrun:
Bros abeg when you wan teach me how to run gold matter? That pair don too deal with me.

CaptainJune:
Like Nzechu, I am in a USDJPY sell. Entered on Tuesday. Just opened a GBPNZD sell. Hoping the red folder news of today will not mess up my GN sell.

geedot:
Could it be a coincidence that this support that the buyers failed on Friday May 9th is the same one they are having bigger problem breaking since yesterday.

They've been buying but being pushed back, who throws in the towel first, we will see. Today is also a no news day for the two of them, so they will battle it with no refree or VAR to settle the battle.

Davigle:
Eku mrkt ooo
Wuna good morning
Ah just dey comot for NL bot prisin,

@samfelly, I support nzechu suggestions about the upcoming competitions, using fundednext monthly competition is the best way forward where we can get access to performance tracking without mago mago or wuru wuru shenanigans, although I don't think we need to follow their lot size rules, I'd rather prefer infofirst style just like we did during the sit up challenge where a maximum lot size cap of 0.1 lot was placed for the 10k, so we can empoy that for the 100k account with 1lot and max of 2 open position, remember that daddy infofirst always preaches strict risk money management and a slow and steady approach... Thank you sir...

Alexas58:
Lemme ad something
Discipline and risk management must be learnt!
This is not a game where you try to teach people everything.

Let everyone play with their lot sizes

So more people will go out fast.
What matters the most is daily breach and max draw down!

Alexas58:
Lemme ad something
Discipline and risk management must be learnt!
This is not a game where you try to teach people everything.

Let everyone play with their lot sizes

So more people will go out fast.
What matters the most is daily breach and max draw down!

CaptainJune:
Actually, it says the competitors cannot open more than 5 positions of each asset at any time. This means a person can open 5 lots of EURUSD, 5 lots of NZDUSD, 5 lots of CADJPY, 5 lots of USDCAD, 3 lots of XAUUSD, 3 lots of XAGUSD. As long as the trades don't breach the daily or total drawdown those trades are within the rules. This will not work with the kind of money management rules that will give equal opportunity to every competitor.

Besides, many may miss the opportunity to register for a fundednext competition, and we know that on many occasions Infofirst allows late entry on very good reason which FN's competition does not allow.

These two reasons are the only things that make the FN competition entry unfit for the kind of flexibility and MM rules for which nairaland competition is known.

Elliotwaveforec:
Selling EU 1254 SL 1291

Kaesyrn:
‎Losses😥😔
‎
‎What every trader fears... Yes, that's it..
‎Traders are scared of making losses, especially those new to forex.😤
‎
‎Losses are inevitable in forex. Every trader goes through some sort of losing streak. You're bound to lose📉
‎
‎Even the best trader in the world right now has lost money, blown accounts and even went broke at some point in life.😮‍💨
‎
‎You do not need to feel down and depressed after blowing your account🫵
‎
‎What makes you and a successful trader different is the ability to recover from losses.... Not giving up.... Taking a step back and thinking of a new plan to take✅
‎
‎Do not be scared of making losses.🙅
‎The losses are part of experiences in growing because you'd be able to see where you made errors, learn from your mistakes and get better 💯
‎
‎Your psychology also matters.... Despite the losses, brace up, look back on your charts, use that as a starting point to analyze better.👌
‎
‎Having the losses get to you can be fatal, as you could end up messing up yourself..
‎Take a break if you can... Its not everytime you trade.🙇
‎
‎Feel better, let go of the losses and try again.... Forex isn't difficult. Just trust the process, follow the steps and be dedicated to it 💯🔥

Kaesyrn:
Permit me to share

XAUTrader4L2:
Only if I see a sell signal at the supply will I enter a trade.

DXYY:
I believe it will be broken

Kaesyrn:
Following this structure we should get to 3350 today still

Kaesyrn:
Personal trade 🤞

Not gonna call another reentry unless with further confirmation

Kaesyrn:
What’s the most important for traders?

Stop loss ? Take profit ? Trailing stops ?
Position sizing 🤔

Some helpful tips;

1. Position size 10% of your account
(Position sizing determines your trading destiny more than anything else will.)

2. Never risk more than 1% per trade

3. 50% win rate

4. 1:3 risk-reward ratio

Detach from trading outcomes. Attach to your trading process.

Every trade tests your discipline to follow your trading plan.

Confidence comes from system clarity, not certainty about the future.

To transform your trading, eliminate mediocrity by making a firm commitment to:

Avoiding Big Losses: Cut losses consistently and religiously.

Ignore Opinions and Predictions: No one knows the future. Just execute your trading in the present moment based on price action.

Stay Disciplined: Eliminate style drift and stick to a sound trading approach.

Take Responsibility: No more excuses—own your decisions and outcomes.

Focus on discipline, reject shortcuts, and prioritize personal accountability for consistent success.