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Richgen's Posts

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BusinessRe: Forex Trade Alerts: Season 23 by richgen(m):
@infofirst, God increases for you financially for this your kind gestures towards the winners.

Happy new month FTA family!
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:02pm On Jul 26, 2023
Donsheddy:
Week 2 of 200k Challenge Done

Weekly Target Met

Closing profit 83 pips
Way to go bro!
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 7:19pm On Jul 21, 2023
Guys that may win accounts from infofirst this month,
I advice that you take prop account and ignore the cash equivalent.

My one cent. wink
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 7:16pm On Jul 21, 2023
infofirst:
So those that thinks they are done with tft this month should forward their screenshots to @samfelly o.
But if you still plan to trade, keep going.
There will be two options by the end of the month, to get the challenge or naira equivalent. Seems Sapa wey dey town is at another level. Hungry man no go fit pass challenge make we face reality but if you choose naira equivalent, 10% goes to @samfelly as baba don hit DD for the month nd he has been fantastic.
Mr. you are such a rare gem. God bless abundantly.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 6:00pm On Jul 13, 2023
infofirst:
Chai
cheesy grin grin

We rise again.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:56pm On Jul 13, 2023
BrightFuture48:
Haba...Sorry for the loss.

If there is anything i have learnt from Limitless Nouman so far is his ability to WAIT for the right setups. Hit market hard and escape into thin air till another weeks or month lol.

We just need to choose our battle/trades wisely and go for the kill when it happens. But adrenaline no gree allow person lol
Thanks bro. It's nothing. We rise again.

You see, after every of my trade ends in profit or loss I usually close
the app and go do something else. I've been doing this since April this
year and it has been having positive influence on my trading until
I slipped up today.

My trading strategy isn't the issue but over trading and closing shop
for today as I always do.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:42pm On Jul 13, 2023
infofirst:
Die keh.. They will adapt asap. What are you talking about... The industry standard is no time limit. Unestablished or upcoming firm will struggle. Be careful before you join any prop firm that just launch after today o
The myfundedfx guy Matt disrupts the prop firm industry for good
by introducing no time limit just within a year and the domino effect can't be stopped.

I love the guy's innovations joor.

This is a plus for us traders as there is no pressure to rush trades again
because of deadline.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:29pm On Jul 13, 2023
VeeVeeMyLuv:
My broda this is Not for traders like Peteregwu
Instead it does the opposite helps him to realize his targets.
You mean in every high impact news? shocked
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:25pm On Jul 13, 2023
infofirst:
I agree with your style to trade the challenge account the way you will trade the funded. And with unlimited time limit. There is no excuse to rush it. But the andrelanine mehn. I don't know how that thing dey happen. It is in all of us
The adrenaline in me is always pumping every time I trade because I daytrade
the indices: Nasdaq and Dow. The rush of emotions is always there.

Like today, the ugly monster of greed crawled out which I refused to send away
and I lost all my profits for the month and lost the comp account. I was already done
with trading today o after my partials of profit was taken and the trade closed in profit.

But what later went wrong?

I didn't close the trading account app like I always do, I glanced at the chart one more time
feeling good with myself and I saw another opportunity to make more which is not
necessary according to my trading rules but I ignored and went bunker by entering
with higher lot in multiple positions and within a twinkle of an eye huge drawdown
appeared and the account is gone even with my stops in place.

Just when you think you're in charge of your emotions, you slip up slightly and you get
screwed.

Conquering self is the biggest and hardest work we must do in order to really fly high
in this industry.

Do I feel bad? Yes, but just to scold myself for slipping and that was it.

I'll go again and again and again and again until I get on top of my game.

I hope this helps some of us here. wink
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:49pm On Jul 12, 2023
infofirst:
Tremendous progress.
I see most are in phase 1. Mehn, I am in phase 8 but no scaling yet. The reality is that 95% of us will pass through all the phases.
The painful phase is to get funded and see the $$ but not able to withdraw until acct is burnt. grin grin grin
You're so on point with this.

At this stage the emotions must be tamed. But I wonder how to tame this
self-induced hydra-headed monster? huh

One way I'm doing this that has be helping me to make consistent profit
is by trading demo as if it is real account and my life depends on it and nothing
must happen to my starting equity because it's my capital and and I know I can only be in
this trading business for the duration of time my capital is preserved.

Another is once I'm in a trade, I tune off my human self and switch on my robot self grin
until the trade goes to my target even as I take partials along or it hit my stop.
Once either of this happens, I close shop for the day.

After all robot has no emotions to display. cheesy

I've been making progress gradually doing this.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:36pm On Jul 12, 2023
I believe CPI numbers didn't injure no one here today?

We should avoid this type of news driver and always
wait for the dust to settle to see if we can see our setup(s)
to trade if we must trade in a day like today.

If no setup appears, let's close shop for the day.

So many traders have been indoctrinated that trading high impact news
is probably the fastest way to make money in forex.

What many are ignorant of is that these type of news drivers are TRAPS.

Let's trade safe by avoiding them.

Trading is a serious business and let's make it so.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 3:54pm On Jul 12, 2023
dottozil:
Thanks boss
Boss for where.

You are welcome.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 3:39pm On Jul 12, 2023
infofirst:
Which stage are you in prop firm journey?
Phase1: Struggling to get a challenge account
Phase 2 : Got a challenge account
Phase 3: Trying to pass a challenge account
Phase 4: Funded but not yet pay out
Phase 5 : Funded and blew the funded acct
Phase 6: Funded and withdraw
Phase 7: Funded, withdraw and blew the funded account
Phase 8: Funded, withdraw, and withdraw and scale up
Phase 9: Acquiring multiple challenge accounts and funded and withdrawals.
Phase 10: Loading personal accounts with profits from prop firm.
1
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 3:30pm On Jul 12, 2023
dottozil:
Woow, just woow, and who says GOD isn't working, when I saw the post from @praisegod something just said I should try and give this a trial, I was never hoping to get nominated not to talk of getting picked when i know for a fact that there are better traders with vast experience than i am. I joined this beautiful family not long and in those periods I have significantly improve and still improving, I am currently up 3% in the TFT competition I was never expecting this coupled with being nominated by @info mehn..., if I can do this you can , yes you can let's just put in the effort, you will be amazed like I m now, and i am not saying I am a professional yet , infact the work has just begun, but you know that feeling when you've put in so much effort but not seeing results and you start to believe you are not gonna make it in the game then suddenly it all changes grin, I want to thank @info for the trust and courage to even nominate me cos I know alot will be running through his mind when he nominated me, also my thanks to the house I have learned alot from you all, picked or not, one love.
Congrats. Please stick to the trading plan and risk management.

I wish you the best.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 6:57pm On Jul 11, 2023
Donsheddy:
Okay boss...
Can you share any strategy with me boss ..
That will help in my journey sir .. 🙏🙏🙏
Donsheddy, please stick to your strategy and do not be distracted.

Kindly focus on your focus you have for the prop firm account you're trading.

Manage your risk well and soon enough you will be out of the current drawdown.

Remember this: "Real traders are made in drawdowns."

My mentor says when he is in a drawdown he doesn't fear, though he hates it but he always
trade his way out of it.

Just 2 months ago, I came out of a 14% drawdown. Was it easy? No.

But it was more eye opening and I became better psychologically since then.

Even today, I experience a drawdown and came back out of it with double profit.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:09pm On Jul 10, 2023
realone12:
finally TFT has just given me the 25k account.. I can't express how Happy I am.. may we all members of this thread get funded and succeed this Year..
Congratulations to you and may this lead to real withdrawals into your bank account in no time.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m):
infofirst:
Prop firm is FUCKING life-changing (especially for undercapitalized traders who think they can flip 10$ to 1 billion, to build real trading habits, skills). Period. No DEBATEABLE. Whatever nonsense you saw on anywhere on this planet, it's BS perspective or they never been through hells.

You gotta focus on your trading skill, that's it. All the drama is nonsense, prop firm takes a lot of risk on whatever book they're using, A book B book facebook fuckerybook, anybook, the risk is bigger than you thought.

Final message: Focus on your trading skillset, it's all that matters. Prop can come and go, but your skillset, won't ever leave you.

A new week is coming, let's get it.
Love & Gratitude
Imperfect Trader
Prop firms teach you to be discipline without which you can't make a head way in your
trading business.

Prop firms give so many traders access to trade with little money. Seriously, it's one of the best things
that can happen to a trader.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:23pm On Jul 06, 2023
The DOLLAR index has been ranging for 6 days now and I believe until
it breaks out from its current range the markets will start to move.

Also, this week is littered with high impact news which are used to
manipulate the markets.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:56pm On Jul 03, 2023
Ibrahimlagosian:
I was expecting encouragement:/
grin grin grin grin grin grin grin grin
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 2:21pm On Jun 21, 2023
samfelly:
Same issue I am having. Ma present equity is below 90k, but fxblue no wan update AUTOMATICALLY.

YOU CAN MANUALLY UPDATE IT, YOURSELF SHA
The manual update is not even going through. I've tried it several times.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 2:16pm On Jun 21, 2023
dmahn:
@Samfelly ..it seems fx blue no dey update for my side anymore ó... My % just stand still
I'm experiencing same issue here since yesterday.
@Samfelly
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 4:55pm On Jun 08, 2023
@realone12, congratulations to you.

Those instruments you trade can literarily make one's heart to pop out of his chest. Trading them with max lots. Man, I doff my hat for you.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 9:59pm On May 17, 2023
charly20:
This week's weekly profile setup is not profiling at all.
cheesy. I know exactly what you mean.

When it starts you will ride it.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 5:18pm On May 17, 2023
charly20:
My expectations were met on EU. See the beautiful run through Monday's low.

But GU is not meeting this expectation.

Weyrey pair for a reason.
GU no be weyrey pair. grin

I love it and that's the only pair I trade anytime I want to trade currency.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 4:41pm On May 16, 2023
charly20:
My first live trading experience, i had a good setup and a good entry. I was risking small and the reward was good. The trade was a loss (not because my SL was tagged) and the setup played out positive.

What did I do wrong?
I was looking at the numbers and apparently all i had do was manage a little DD for one day (since it was a swing trade). The red numbers made me chicken out and I've never forgotten that experience.

These days, when I place a trade, i don't open my trading platform. I watch from trading view.
That's it. wink

Shut out all avenues for distractions when your trade is running.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 4:16pm On May 16, 2023
sampz:
Trying to stop myself from clicking that icon that says "trade" in my MT5 when am in a trade, because it seems like seeing the fluctuations of the money just kind of get to me, and then boom u exit a position too early or fear and exit a trade without it hitting SL and then it goes your direction.
My mentor says looking at the P/L column when you're in a trade is not good for your psyche. That P/L thing that must always fluctuate is a distraction.

Please look away from it but instead look at your chart as the price prints and learn as the price is going your way or not.

This is what I do as a day trader.

Remember you must always put Stop Loss to every of your trade so no need to distract yourself.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 7:48pm On May 15, 2023
charly20:
My boss, i just dey o. Been thinking seriously lately, I dey plan to port go VAP. Be like na the strategy naim dey hot now.

iichidodo crocodile strategy no dey bring in pips again for me.
grin
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 7:24pm On May 15, 2023
As a day trader, ever since I stick to trading one position once it goes my way I let it run while taking partials in profit, move my stop to BE in profit when price may have gone a safe distance from my entry and leaving the remainder lot to tag my TP or maybe hit my stop in BE due to a retracement or reversal.

And if it doesn't go my way and hit my stop I don't reenter. I close shop for the day instantly and nothing ever lures me back to trade even if I blame myself for the temporary loss.

It has helped my consistency in seeing positive results and my Psyche too.

Even when I experience deep drawdown, I remain with the same routine and I see myself come out of it noiselessly.

I had a self induced drawdown of 13% of equity within half of a particular month recently but I refused to panic, stuck to my trading routine and got back up from the drawdown and into profits without sweat.

The summary is this.

It's about the process and not the money. I don't focus on the money again but my trading process.

Once we are consistent with our trading and results come in and we don't compromise the process, then money flows in as rewards.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 6:58pm On May 15, 2023
Why sarcasm full ground today.

I love the humor in the house these days. cheesy

@charly20, how u dey bro?
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 4:54pm On May 12, 2023
infofirst:
grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin
grin grin; grin grin grin grin grin grin grin grin
@infofirst, I join you laff small...
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 9:57pm On Mar 29, 2023
charly20:
I take profit from intra day setups in order to manage the fear of losing the profit from the swing trade.

Its therapeutic smiley




Me, I can't do high frequency trading/scalping. I won't sleep well cheesy
I relish it as the adrenaline keeps pumping when day trading. grin

You see our different personalities here.
BusinessRe: Forex Trade Alerts: Season 23 by richgen(m): 10:40pm On Mar 28, 2023
charly20:
I prepare my mind before time. Before i didn't know how to add intra day trades but since i learnt to spot intra day setups, I "pay the trader" so that I can allow the swing trades play out fully without fear of losing the profit.

This trade can return to the 60pips trailed stop and it won't bother me because i have taken 190 pips of profit already from the first two positions.



smiley
@charly20, big ups to you for inculcating the intraday setups into your swing trade is a huge evolving on your part. I give you respect.

But me can I swing trade? No. It just doesn't suit my personality.

Kudos once again my brother.

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