₦airaland Forum

hateshit:
Bro,sorry ur explained the balance base perfectly well, but the equity base is quit different from my own experience.
I think for d balance base its d amount of money left in ur balance after u've closed a trade of which I think only FTMO does that even tho other propfirm say dey do, as other propfirm sends u breaching email once ur Losing more Dan 5% in ur trade even when u've not closed d trade yet.
While for d equity base, it's d amount of money u have on ur equity instead of balance that d 5% is substracted from.
Where I disagree with u is where u said if u make extra +5% that very day and maybe placed another trade and lost only d extra 5% u made dat same day dat u've breached d rule. Any amount u made in profit dat day is added to ur dd u would have to lose both ur profit for dat day and also d 5% for dat day before breaching d account.
In mff account analyzer u can see ur daily draw down limit calculated for u already every morning before u start trading, as it's been recalculated at d end of every day.
Just my own perspective Sha from my experience so far in mff and maven.

I explained everything I know based on my experience with ftmo, mff, nextfunded and fxblue. I try to understand what you explained but it's a bit difficult for me.

I would appreciate if you take out time (just like I did) to breakdown what you understand as well so we can all benefit too.

The aim is for the house to get the right education.

Riverrun:
I think you should takeout time to research and read about it for better understanding.

But one thing I must tell you is no matter what you read about it, you still won't get the true picture until you have traded in both Markets then you notice how they both work.

I think one or two guys here have explained it before but I will try to also break it down details by details before the end on today so the confusion can go to sleep once and for all.

See the two senerios that shows how an account size with $100,000 starting balance works for;
(1) balance base
(2) equity base
Where the daily drawdown is 5%.

Note that the starting balance can be any amount. For this explanation, we have chosen to use $100,000 as our starting balance.


(A) BALANCE BASE:

Day1; for your $100,000 account, your daily dd limit would be $95,000. Meaning, for that day;

i) if you are in a loss trade and your $100,000 account gets to $95,000 and below then you have hit your 5% daily DD limit.

ii) if you are in a profit trade and your hit $105,000 and above you have expanded you daily DD limit. You now have more money to play with for that day (Note this is not so in equity base).
for you to hit daily DD would only be when you loss all your profits for that day and the account continues to go down until it reaches $95,000.

iii) if at the end of the day1, you ended in profit. Let's say $107,000 then for day2 your daily DD limit would be $101,650.
(How? See how.
5% of $107,000 is $5,350.
So 107,000 - 5,350 = $101,650).

iv) this calculation will continue at the end of everyday just as the market rolls over into a new day taking the account/equity balance (whichever is higher when the market rolls over) in consideration.



(B) EQUITY BASE :

Now everything above is same in equity base except number (ii) above.

In equity base, you account is being trailed with the 5% daily DD on every positive price movement above the $100,000 starting balance. Example

Day1; for your $100,000 account, your daily dd limit would be $95,000. Meaning, for that day;

a) you enter a trade and price movement made your equity $105,000. if price retraces back to $100,000 that same day then you have hit daily DD limit.

b) you enter a trade and price movement made your equity 106,000. If price retraces to $101,000 that same day then you have hit daily DD limit. You don't have more money to play with as balance base provides

c) you enter a trade and price movement made your equity $103,000. If price retraces to $98,000 (not even $95,000) that same day then you have hit daily DD limit.

d) to survive in this kind of market you have no choice than to use a more reduced lotsize that can contain those price retracements to avoid hitting daily DD.

Lanshile:
Praisegod4u
I think I'm finding it hard to understand the meaning of their balance based
I've been putting different meaning to it which doesn't favor me

I think you should takeout time to research and read about it for better understanding.

But one thing I must tell you is no matter what you read about it, you still won't get the true picture until you have traded in both Markets then you notice how they both work.

I think one or two guys here have explained it before but I will try to also break it down details by details before the end on today so the confusion can go to sleep once and for all.

Will go a long way for the monthly data subscription. 🔥

PraiseGod4u:
U dont like balanced based?
How na

Me Sef come tire

To start with, place this pending order when market opens. I will keep adding and updating.

I will be posting all my positions for the September competition road to tft 25% .

Any interested person can copy the trade to either pass with me or fail with me.

Terms:

If you fail with me, please do not hold me responsible for your failure.

But if you pass with me, just organise yourselves together and volunteer one person's award to add to my own.

I don talk my own finish,

TFT = 8%

Closed for this month.


25% loading next month.

Congratulations, to all the winners.

kendoschurrle:
point of correction o Saxy4c no collect money from anybody sell strategy e no even collect account trade for anybody. he only use somebody account claim rep. finish. still that old fool Gabsonfx attacked him like a mad dog dragged him everywhere when e found out. if you see as e dey announce the "discovery" in episodes like say na one big scam the guy do.. e don reach the turn of a proper thief e wan change mouth.

anyway i know wetin happen
e no like as infofirst don become the pillar of this place.. as usual, that kain thing dey pepper am for body
na why e no talk anything about meshpips nonsense wey don happen even this year until inforfirst quarrel with meshpips
so this nonsense wey e dey do na to paint infofirst bad or make inforfirst vex leave the thread nothing else

unfortunately for am, e don destroy whatever remain of hin nonsense reputation wey e build on faking and too many arselickers wey think say e get money to give them
make una ignore am abeg when e don crash hin trading account, e go deactivate as usual claim offshore worker or say e don tire for the thread

we know them

This guy, your intelligence na raise to the power 100.

You too sabi.

infofirst:
Maven Prop Trading has acknowledged our community and intends to regularly provide support to traders by offering giveaways. The initiative, spearheaded by @ekesoft and @supremefx, and he will henceforth be sharing updates on Maven's giveaways, promotions, events, and other relevant information here. Please kindly help to like and share such posts in the future. As a gesture of gratitude, we have noticed that competition accounts in recent times have come from Maven, and we plan to continue utilizing them. The upcoming giveaway will consist of three $5,000 accounts, which will be randomly awarded to active members of our group. The selection of the winners will take place 48 hours after this post, and interested participants are required to be following the
@supremefx Twitter page : https://twitter.com/supreme_fx_/status/1689905238747107328?s=46&t=Xz3VkWCa0KAWSim_gopNZw

@maven Twitter
https://twitter.com/maventrading?s=21&t=Xz3VkWCa0KAWSim_gopNZw

Maven discord link
https://discord.com/invite/maven

Ekesoft/ supremefx affiliate link https://maventrading.com/ref/845/

Note Fam, if we make this effective, there will be more and bigger ones in the future. You can help to share and like those links if not interested in the giveaways still.

Great! Done.

Words may sometimes come out harsh, it's to make everyone of us in this business sit-up. We can't keep telling you, "you will get another account soon," "sorry".

No hating whatsoever, it's all part of love.

Wetin dey even pain me pass na the shortest of time wey the thing dey take disappear.
A funded account with no time limit, disappears under 7days in tinubu's economy!

It's alright!

richgen:
So what's the point if you look for someone that will bail you out and at the end of the day you still can't trade for yourself?

The best thing is to go through the failing phase, learn from your failure in order to further acquire and hone your trading skills. You'll become better for it.

I don't believe funded account is for learning how to get better.

If I was in such a position where my funded account isn't going accordingly, the truth is that's what I will do.

Sometimes someone can be a good trader, but because market can also be sometimes dynamic, that your wonder strategy may be failing at the time ,which may not necessarily mean the trader is bad but the current market changes not aligning for that very moment.

Now if the trader should outsource the account, he stands a chance.
Another thing is to take a break, but this option is even the hardest because if that account remains in your custody you will be tempted to continue trading when your mindset is already distorted.

rainlover:
hope it's VAP o? Cos meshpips scam VAP will evaporate the remaining balance

The way people lose opportunities here ehn, makes me sad most times.

Kind advise;
Please if you know your funded account is not going well and you might loss it, look for a trader that can help you and do a deal with them. No shame in it. I believe that will be a win win situation.

Country hard abeg, make we no dey throw chances away.

Lanshile:
I still don't know what to say i swear to God
I joined the TFT Competition so as to win a 10k account so as to add it to the 5k I just bought but as I was in 5 percent I lost hope but I'm happy with this
Ive never been lucky before in life but I'm really happy
All thanks to God that created infofirst, thanks to infofirst for this and all thanks to people who always motivate me in this group

Congratulations

infofirst:
As some pipish and mesish and vapish people are on full time to scam us on this thread. Some amazing folks are striving to bring rewarding information and offers to improve us here as a family. May those offers come tru.
Be on the look out.

So quick one, what can a $10k challenge giveaway do for you if you win it here randomly without any competition ? How long can you pass it? If you are to nominate someone to get the giveaway instead of yourself, who will you nominate here?

I have always wanted to have a funded account of my own but circumstances and burden haven't allowed me to do so.
So if I happen to get one now, I would be very joyous as it would definitely change my life and finances. I certainly would pass both phase in total of 3months maximum without breaking any rules.

To nominate someone, I would nominate @rainlover.

Currently 7%

Donsheddy:
I get bro..,
I don't close trade prematurely...
And i just believe otherwise...
It helps my psychology...
I already accepted my mistake and lesson was learnt....

Ok, congratulations it turned out well.

Donsheddy:
Impatience already costing me on this one...
Didn't wait for market to enter my trap properly before striking...
Im now paying heavily for it....

So this trade is at owners risk

Instead of doing the "at owners risk" thing believe it's would reverse. What I do in this kind of situation is to just close the position in the little loss recorded so far instead of extending the loss while praying. With that I save my capital for the next opportunity.

Just an idea bro, not a compulsion.

Verokeena:
Good afternoon Nl family
Please pardon my epistle

My husband lost his job two years ago and ever since he has been so reluctant on getting another.. not to brag but I can say I have been the one keeping the family going ever since the job incidence (not like I ever complained) .

What I noticed about him is he now drinks and smokes and he is always hissing (obviously he is not happy and I try to always console him just to elate his Spirit)

Fast forward to last two months.. I got back from work and I was very tired.. I had to go pick the kids from school , bathe them, feed them and to make matters worst I wasn't feeling too alright .. (when I got home he (my husband) wasn't at home)

When I was done with the kids and fixing the house I was so tired I thought to myself to take a lil nap that was how I slept off (and this was around 9pm) ..

He got back around 10pm obviously drunk and smelling like a skunk.. he went straight to the kitchen. That was how the whole problem started.. first was insult.. then my phone, smashed it on the ground later my clothes he started tearing them .. saying all those things he was destroying was why I was feeling untouchable that he knows I have male friends sleeping with me..

I tried securing my items so he doesn't destroy more things that was how he pounced on me..

The next day I got him arrested he spent two days there.. but now I feel so guilty... He doesn't talk to me anymore.. I have apologized times without number

I don't just know what to do...


Nb: even while he was there I was still taking food to him

If all what you wrote was the actual truth, then I must tell you that you should not feel guilty for locking him up for 2days ( though it may be a bit harsh but anything to stay alive at the time was a necessity).

So you should be thankful to God that you are alive. That's the most important thing now because in most cases, the way you narrated how erratic he was that night, you could have lost your life then he will start blaming the devil.

Don't allow anyone bully you to start thinking otherwise. Divorce or no divorce, marriage or no marriage, staying alive should be the priority.

charly20:
"I will stop trading on Mondays, Mondays are usually taking my profits from the previous week, blah blah blah"

The following Monday, son of man don open trading view dey find setup. Before you know it, 50 trade executions don turn red before Tuesday morning.

Then son of man returns again to complain how he has learnt his lessons and will go harder the following week.

Son of man lacks self control.
Son of man will not make it.

BinaryRocks:
Finally the giveaway 10k account is received this morning.
Thank you PropFirmMatch and fundingpips.

Congratulations bro

rainlover:
Baba meshpips been wan scam me..

I contacted him to get info about the prop firm free challenge

Baba send VN demanding for 5k

I didn't bother replying him
After some hours meshpips send signal for me to trade take pay him 😂😂

Meshpips thou at a scammer
Thou and thy VAP

Currently 5%

Feshizzy:
I hope say i never bring confusion here oo,
Let me elaborate my message further,
The offer is only active after Boss infofirst has selected his champions,

My offer is merely a side note,
The person sef doesn't even need to get to 10%, probably 8% or thereabout, so long DD is less than 3%.

@samfelly, see the above from boss feshizzy.


Also, your can use the login details or the graph or the stated max loss to confirm the drawdown.

samfelly:
After a thorough scrutiny, I hereby present July's FTA 10%er. If there are any additions or suggestions, please, present them. T for thanks

1. FemiQuadri (Pristinee) 12.49%

2. Mystiquefia (Mystiquefia) 11.37%

3. Ekene (Tradinggiant) 10.74%

4. Sampz (Sampz) 10.34%

5. Kaybee7000 (Kaybee7000) 10.16%

6. MrSheddy (Mrsheddy123) 10.12%

7. Wealthlifters (Eddie) 10.08%

@Infofirst, your kind perusal, please

Congratulations to you all.

@samfelly, when you go bring out nextfunded list for @feshizzy?

@samfelly, take note.

Nextfunded.

Feshizzy:
I'm looking more into lower DD than higher Profit.

Boss feshizzy, I think my drawdown tally's with your requirements.
But I don't know if to trade on Monday that's 1day left to make 10% or just rest with this?

Feshizzy:
I hope say i never bring confusion here oo,
Let me elaborate my message further,
The offer is only active after Boss infofirst has selected his champions,

My offer is merely a side note,
The person sef doesn't even need to get to 10%, probably 8% or thereabout, so long DD is less than 3%.

Boss are fundednext guys open to this offer since infofirst is handling TFT guys?

mamagee3:
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