BeginnerTrader: So Gold left me and hit this long awaited ATH . To get setups now go hard.
same thing happen to me on us30.. I'm in severe pain right now..
just 20minutes distraction made me miss out on this massive bullish move.. over 400 points gone down the drain without me..to get set up now go hard gan gan
samfelly: ". . . hands in the air, no hands?" -Kwaku the Traveller.
But, damn! that account trouble you sha . I hope ur mental health still dey intact o?
Day one, d idiot first roll enter Lagos Lagoon. E wan swim go Naija sea port. You say, "Nibo!" you bring am back to land. The account say, "Rara, fi mi le se. Mo lo ile!". And e dip go red zone before you come pet am say, "Wa na, ile lo de yi." E no wait make you finish the statement before e confess say, "Mi o fe ron awon omo Naija." before e follow Grimaldi ship comot
No worry, chief, you try pass me and some of us here. If I tell you say I don lost pass 20 accounts/challenges you no go believe. In short, na me Realone12 dey contest who lost the most accounts .
Abeg, warm your amala chop jor. Ur next account go hit payout, just believe
Lol. awon team account Losers.. when I saw where he mentioned that he only blown 3 accounts so far. I just laugh..
I just hope and pray he never experience wetin we experienced
dmahn: Market has a way of making us loose discipline. Only the strong will survive. The days you set BE, price returns to your BE, the days you decide that it's either TP or SL, SL go hit, and most painfully, the days you cut your winners and took little profit market rallies to you TP and add jara sef....
I've vowed not to trade on Mondays anymore, both Monday setups hit TP and more, Tuesday that I love to start SL hit. Shey u wan tell me say if I see valid setup next Monday I no go troway discipline enter trade again , if SL hit I will remember discipline again next Monday......
The nature of the market get as he be, but I know with time.. WE SHALL WIN
swears..market will wine you till you panic..
the most painful part is when your A+ set up that you have been stalking for days hit stop loss..
the anger of waiting for days for the set up to properly form and having that same set up hit stop loss at the end of the day will make you throw all caution away and revenge trade to get back at the market..
obajoey: You go think say you dey discipline until you start trading proper.
lol use the whole weekend to caution your self to be discipline and patient only to exhibit a very indiscipline behaviour on Monday morning before the London session
Donsheddy: Omo back initial balance... After 12 months of battling DDD
don pls help out.. what are you seeing on gold that we are not seeing? I'm not even sure if you have losing trades anymore.. one or two tips from you will be highly appropriated
Truly the fear of loosing is the reason why we fail to win. From 5% DD to this. First time of passing a phase 1 challenge . I would have lost 2% to the additional 5% had it been the trade failed.. Alhamdulillah
BeginnerTrader: Boss I don't swing that's why I focus mainly on Gold, I'm an emotional trader , I consider trading psychology more than any other thing out there, I love to bleed quickly and stop.
Your questions, how long does it take to hit Tp aiming 1:3rr? My position doesn't exceed more than 5-10mins before hitting SL and my TP are always hit between 30 minutes-2hrs maximum, I risk 25pips which is fixed and target 100 pips. Is obvious that 25pips look so small on gold but when you trade on 1m time frame you will realize that 25pips is big.
I'm session trader ,I open shop in London session(8-11am) and if I didn't see anything solid I will wait for New York session(2:30 -6pm). Sometimes I can go all day without taking a trade. But I'm pretty sure I open at least 3-5 position weekly. I trade like almost this moniker @F1re.
Disclaimer, not the best way of trading but I'm pretty I know some good traders making it big scalping, swinging and positioning. The goal is to trade with care free state of mind and make money.
very well, thanks for sharing this with us.. keep winning Boss. time to change your name from BeginnerTrader to ExperienceTrader
Donsheddy: Gold is bae... Only greed and over trading can kill you in gold... Her moves are straight forward... If she wants to buy she buys well.. If she wants to selll she sells well...
I can't say same for gu...
really? I always wonder how you never experience one of those gold massive reversals that always happens abruptly. how do you manage to dodge them all? how are you able to navigate through those random crazy spikes
BeginnerTrader: Great insights, let me establish my little understanding about this Xauusd. I don't actually believe the notion that gold gives and takes, why did I said so? I have traded all the forex pairs until I settled for gold.What many of us miss is the basics ( position sizing) for the pass 9 months of trading I don't think I have ever lost more than 0.6% of my account on a single position trading gold, never! So tell me the reason why gold will take all the profits she gave me when I'm shooting for 1:3/4 RR. The problem is proper risk Management, which many of us have neglected. I wish to size up a little bit in the future but not until I have convinced my self that I can't loose 4-5 in a row. For now, I don't think I can trade anything apart from gold (which is biblical) to any tradable assets out there. As a session trader, gold is a bae
boss I have questions.. pls are you day trading or swing trading?. on average how long does it normally take before your trade hit TP when aiming for 1:3 RR or above? and lastly on average how many trades do you take per week? thanks as you respond
PriceActionZ: From my findings, first naija, GbpCAD majorly, swinging, couldn't see any other charts in his early days of his tradings until he stopped sharing some charts this year. Some EU, many times, GCAD, and catching the trend early from 30mins or early, trading 40 to 60Lots per trade on 200k account, same pattern many of them are using , 2nd naija, newcomer , less than 2 years in fx market. High risk-taker. EURCAD, only similar swing from 30 min, even if target is 30pips, and SL is 15 pips of the swing, the lot can be so high, like risking 4% per trade.
But that last guy na werey. Multi-pair trader as long as the swing set-ups is ok, early entry even from 5mins, but focus on 4hr.. He has done 1:12 cashing out i think 60k one month like that from a particular firm, but not that common. Average 1:4
But one of his tricks is he has around 10 accounts at one time, about 200k in total, (now over 1 million i think) then won't risk more than 0.8 of the total account per trade, BUT the trick is that, any of his accounts he wanted to trade, he can go around 4% of that 0.8 of the total of all the prop accounts risk for that SL of 1:8, so high Lots will be required, so he knows that if he wins in lets say, 1:6, a single trade can push 5 figures. All he needed to do is to trade like 2 times of that account in a week or so. All entries manual, and no copying. Hope you understand how those big pay out risk taking are coming from now. He hardly grant interviews, not at all, but it was his friend that flew to meet him from singapore and interviewed him. He has been blocked from many prop firms , and he kept exposing them on twitter with prooves. They are smart. And remember, he will always adjust SL if in profits. If he blows the account, he has many other to do, rinse and repeat. With this, he has spent a few 10s of thousands buying prop account, while making over 500k in all less than 2 years after blowing up to 10 accounts consecutively at early stages but now, not anymore.
There are many things i discovered i can't even explain now. The best thing is to keep expanding and adding much more to the portfolio. But it requires some hard work. i have gotten time to investigate like 12 of them, high payments, and they trade very similar in their RR. Only one is a successful scalper.
PriceActionZ: ***a nigerian guy (@DeGreenFX on twitter) cashed out from alphacapitaluk like 2 days ago, over $21k, second pay out, and now owns more than 4 big size prop accounts someone that barely traded 100$ account 2 years ago.
**** A nigerian guy that dropped out of seminary 2 years ago, borrowed money and invested it in a broker, ( dont try this if you dont know what you are doing) took the gain to buy 200K account straight, Got paid by fundednext last few weeks over $31k
***** an Asian guy who has been paid over $500k in the pst 2 years , ( I have to track this one from his discord to twitter then to YouTube, just to have a glimpse of who he is and how he trade). He hardly gives interviews, but eventually i got him. https://www.youtube.com/watch?v=cU0dNiERNIc&t=66s ... They have one single thing in common after doing my extensive researches in their trading, they are high risk-taker , swinging WITH RR more than 1;3. Many things i have learned in recent times about many top paying guys from the prop industries. it's mind-blowing. i tracked many of their trades on Twitter, and what it looks like. i have learned something new. Similar formula, similar risk...mmmmm
are they trading single pairs?
how much percentage of their account do dey risk per trade?
Donsheddy: First withdrawal... Na daily bread I dey find for now... The bigger ones i believe will come leta Waking up to this... Oh how ive waited for this moment
Business › Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 4:54pm On Jul 16, 2024
if you think 3 lots on indices and metals is slow I wonder what you consider fast..
. I hope ur mental health still dey intact o? 
. And e dip go red zone before you come pet am say, "Wa na, ile lo de yi." E no wait make you finish the statement before e confess say, "Mi o fe ron awon omo Naija." before e follow Grimaldi ship comot 