₦airaland Forum

BTCproMax:
Ah! Bossmi! Sorry for us nah.. you carry the mathematics from telegram to NL again?
Bro wait for Jesus nah..
Leave that topic for babypips. com.
🙏🙏🙏🙏

I think I mentioned who am talking to or you have problem with reading?

I just go do one example on gold.i place my buy position then I see 323.8 point as my stop loss and I want to risk to be between $6-7.i went to my calculator multiple 323.8 by 0.02 lot size.the answer is 6.46.now $6.46 is my risking amount.i place the trade on Mt5.the risk is the same on my mt5 limit order as you can see.hope you understand my explanation

,

I was explaining how I calculate my lot size on telegram to my admin davigie before my pc off.once i spot my setup then I will bring out my long or short position tool and place at my entry then I tap on it.the exact amounts of pip or point I see in my stop loss is what I will multiply by lot size to get accurate lot size I will use depending $ am risking per that trade.i once use 1 lot on my 5k account and my risk remaining $25.once you get accurate lot size on your calculator and you place your limit order.tap on your stop loss on mt5 chart.you will see amount you are risking.i can use 0.5 lot size and my risk remain $4.

Shegzdave:
we’re playing mechanical football today see our midfield

Mostob your food don done

the midfield weak me.arteta is doing experiment when we need to win match.city is waking up and forest is present.

Emmizay12:
See bro I understand that having enough capital to live life is a difficult concept for you to understand..

Understand the stages of a trader
If you tell me you want to live life on trading, it tells me you have your strategy that is consistently profitable... The issue of whether your strategy works has been settled.

I am not talking of whether you can make profit off $200, making a living on trading is a different ball game, changing your life on trading is a whole other topic. Each stage has different requirements

Best of luck on your journey bro.

Emmizay12:
See brother don't decieve yourself about Forex trading

Nobody in Nigeria can live off $200 trading account,
I'm not saying you cannot make any money,, don't get me wrong and understand the difference.

You can flip it, that is no longer trading, that is a gamble

Don't give yourself false hope.

Anybody truly Living off trading has a very huge amount in their trading account.

As for your nobody can live off $200 account.how much is minimum wage in Nigeria ?
How many people in Nigeria of today earn above #100k a month?
A lizard in Ibadan will not come Abuja and became lion.lizard will be lizard anywhere it found himself.lizard maybe making excuses like if am in big cities I will be king but we all know lizard is lizard anywhere.it no difference between trader saying am losing because am managing small account.if I have big capital I will make it.that is big lie.na who eat Bellevue dey talk about life changing money.

Bro we have been typing long episode since yesterday let get practical.

You get yourself that big account while me get small account trade it and make withdraw.

We can start today till Sunday or next week.anyone you choose

Are you in ?

Emmizay12:
Forex will only change your life if you have life changing money deposited in your broker.

Bro $200 is not enough anywhere, ok at least have $2000 in your account and be making that $10 so you can comfortably sort your living expenses,

Understand the difference,, making profit is different from making a living... Some people don't know there's a difference because of too much hope

Having capital in trading is like having blood in your body,
If you short blood, you will get sick and die and that is how your trading account will get sick and die from trading $200 and expecting to live on that amount....

Once you have a consistent profitable skill as trading, the next thing is Capital that will enable you fully maximize your skill without being pressured into trying to flip the account to better your situation.

Then how do you know if you have edge in the market when you have not make $10-$20 from $200 account.how do you know your strategy work if you not trade small account or you recommend demo as testing ground.bro you need to wake up and face reality.it when you are good with something that you can monetize it.so apprentice who start learning bricklayer work should start expecting life changing money next month.you get good with something first before you start looking for life changing money.have you ever wonder why trader do well on personal account but kept loosing back to back on prop firm.that happen because of anxiety.i make that mistake before and am telling you from experience.forget big capital or life changing money when you are not sure of your strategy and edge.it is when you can make consistent withdraw from small account that you should be thinking about how to scale up with big capital for life changing money.for a start you should be thinking about how sort your daily and basic needs.

Emmizay12:
Please stop selling a false dream
No body can live off a $200 account

Knowledge and discipline is not enough...
You need capital,

There's level to this trading and live generally.i stop comparing my life with other in 2022 when one guy on crypto trend says $2000 is his moonbag.people who trade crypto shitcion will know meaning of moonbag.your 1% is different from others 1% of account.so manage your risk always.you can start purchasing prop account when you can make $10,$20,$30 e.t.c consistently for 3 month on account like $100-$200. Pro account is for scale up when you already know what you are doing.i don't believe in those who go around begging for account because they have backtest.try to make something on small account first.if you can make $20 from $200 account bro you can make $300 from 5k prop account.know what you are doing first

Emmizay12:
Please stop selling a false dream
No body can live off a $200 account

Knowledge and discipline is not enough...
You need capital,

He is not selling a false dream bro.forget social paparazzi.many people live off $15-$20 a week.with the way our currency is depreciate against dollars.bro $10 which is #17500 is money.so back to $200 account.a profitable trader who knows what he is doing must have at least 1-2,3 e.t.c RR profit target.so you have 5 setup according to your strategy in a week.3 hit SL while two hit TP and you are risking $10 from $200 on each trade.-$30 on three loosing trade and +$60 on two win trades.you up $30 a week.bro doing this consistently can pay for your food,rent,light and water bill even send stipend to your love ones.that is if you know what you are doing not someone who want to turn $200 to $2000 in one week.

klinksd:
...it always seems impossible until it is done. Nelson Mandela

STEP INDEX.0 {Deriv}
Buy Limit
E: 8230.0
S: 8228.7
T: 8281.8

All trading calls are fallible because the market is the final decider. Trade or tread with the utmost caution. 🥂
Good morning @randy01 @samfelly .

Morning bro

klinksd:
I was joking, boss.
Losses are part of trading, applying a good risk management is the only key to relatively consistent profits.

🥂

🤝🤝🤝🤝🤝🤝

The second trade

klinksd:
My Oga, longest time oooh.

How your side? I say make I look Deriv small, but I be like say na different style from FX.

As im don chop my SL, na run I dey run back to FX.

I go wait for @randy01 till January.

Bro crypto,synthetic or FX
SL is involved.
My single trade for today is dancing inside SL while second trade is missed entry

klinksd:
Great job so far, bro; I respect your commitment and skills. In the meantime, let me keep the thread a little busy in the new week.

STEP INDEX.0 {Deriv}
Buy Limit
E: 8169.2
S: 8168.0
T: 8216.2

All trading calls are fallible because the market is the final decider. Trade or tread with the utmost caution. 🥂

@samfelly

Thanks bro.
And you Wellcome to the thread

omode2:
Good thread. But no continuation.

By the special grace of God.the thread will continue by January.

samfelly:


https://my.starterproptrader.com/register?affid=202404423

Abeg, register for your free $10k challenge giveaway. Afterwards, you can share your link with your students, to register. And in turn they also share theirs to grab their free accounts - cos they'll need to start trading the minute they graduate from your mentorship.

óniyéyé somebody

blackman007:
Thanks so much for your input sir…. I do really appreciate it, after 5 years, I seems to have fell in love with structure and liquidity, but I don’t know how to combine everything to form a better strategy, I’ll love to trade the lower time frames, because I’m not that patient enough to swing trade… more inputs and suggestions will be appreciated

Problems with most trader is changing of strategy every week or month.no perfect strategy with 100% win rate.just try to stick to one and as you have shown interest in structure and liquidity.have you check out thisdax YouTube channel.his course have changed many.just six video course he upload people are dropping passed challenge prop account and payout certificate testimony on his Twitter channel every week.
There's also chax the king maker.the latest video he upload is exactly how I have been trading for sometimes.it guarantee 1:5 when it hit TP.there is alot of poi in all this liquidity concept.order block,fvg, mitigation block,flip zone e.t.c just pick one poi and stick to it.i stick with order block since all this while and know different valid and invalid order block.just stick to one thing.

And if you trade lower tf just stick to one or two pair.i use to have more than 30 pair on my watchlist but now I have only two.more pair are for high tf traders.

You have been here for long so am sorry to say no technical analysis mentorship can help you cause you will know most things tutor is going to teach.just filter all you know already and stick to it.order block with confirmation entry is goated with 5rr for me.

Work on your self brother.there is more to trading than technical analysis

LincolnOnyeabor:
How it's done is, you open a trade with small lot sizes and then the profits made from it are used in entering those bigger trades.

Also, just open maximum of two positions and Use the smallest lot size fa

Thanks for the update bro

LincolnOnyeabor:
Thank God for the Gift and Knowledge of Trading.

Settled so many important needs and still gonna touch Grass this weekend.

It's all going to make sense in the end.

Let's keep pushing my Brethren

How do you people open multiple positions on small balance like this or do you start with much bigger balance coz little mistake I did yesterday by miscalculating my lot size on v50is.i pay heavy price.
Please help a brother on little essay

LincolnOnyeabor:
My boss, its in the plans sir. I'm still fine-tuning my strategy.
It works well on Deriv and some currency pairs. I want to withdraw some more to reduce that tension of having to pass the Propfirm sir.

Maybe I will join you in that plan coz tension is real.imagine I have been waiting since 2am for this signal.when it finally appear around 6:30am.i execute then tension and anxiety begin.i have to close it and begin to check myself.well I wish you best of luck bro.

LincolnOnyeabor:
Keep it up my boss.

Did this today.

I don withdraw am fa.

Make I send mumsi wetin she been request fa

We will keep pushing and grinding and getting better at it.

As long as we are withdrawing steadily... Everything is Going to be Alright.

You are doing well bro.making mama smile little by little steady and consistent moving is the goal.
But this your little withdraw can get you fundudnext 5k stellar account for fast scale up or you waiting for giveaway 😁😁😁?

LincolnOnyeabor:
Check again now sir.
Roughly about 15 mins after I sent that chart here, I went on Twitter and saw this.

It was this guy, Only 1 Chuks trades fa.

Las las, I will get here and surpass it soonest!

Forget those people bro coz i know them.they start the trade with better big balance.when the trade begin to move in profit then they reduce the balance for screenshot.if you don't have better balance on standby don't attempt this.when your margin is falling you will need to keep adding more money in order not to get stopout.

You can do it bro.love your energy as you always celebrate everyone who is doing well.we shall celebrate you soon

Peejayz:
based on the leverage, you wont be allowed to take certain lot size..... But there is no rule on lot size sha

Thanks

samfelly:
And you don't using Deriv's Payment Agent or what? Just NGN 70 or NGN 50 disparities in the Deposit/Withdrawal.

Thanks bro
That's good option.i will check it out but for now am fighting deposit demon and am giving it him wotowoto since last month.but I will check it out incase he give it to me wotowoto back.

samfelly:
And you don't using Deriv's Payment Agent or what?

Just bank transfer for now

Peejayz:
1000 dollars ....

20% stop out rule on max equity

Thanks
Hope no lot size rule ? I mean can I use any lot size I like

Peejayz:
it has started already .... You can still join them asap ... But you have to open an account with them and get it verified before you are eligible for the competition

Congrats bro.
What is amount of account size they give to each participant?

Bryancrox:
Why don’t you do your deposit and withdrawal via cry-pto, its better bro

That's what I mostly do back when binance and kucoin P2P is still functioning but not now bybit is giving me problems with there Google authenticator anytime I want to withdraw.i just begin direct bank transfer since then.

Bryancrox:
Sure bro

The market dey chop me i dey chop am, but i can't remember the last time i deposit. That is what i'm grateful for.

More down greatest happiness feeling for that statement.now that dollars have turn gold against Naira.imagine to deposit $10 on deriv with bank transfer.you will pay #17200 but to withdraw that same $10 on deriv with bank transfer.you will get#16000 in your bank account.that is like #1200 rip off.i don't know if they fix it but that what I get last two week I
do withdraw.i just pray I continue to withdraw.am working hard to divorce deposit.getting married to withdraw is the goal.

Life tough the one I set limit order for hit SL while the one I taught is already gone come back to entry to pick more order.blow to face is becoming too much