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Business / Re: Forex Trade Alerts: Season 22 by Rostid: 4:19pm On Jan 13, 2022
ILovebigyansh:


As usual. Very few people are profitable. The rest lose.

The stats from all these trading contest shows that the profitable traders in the long run are the BROKERS especially dealing desk / market maker brokers.

Imagine taking the opposite sides of all the accounts lost compared to the winners. Good money.

While some people na risk management kill them.

On a Good day due to the intraday stop loss or drawdown of 5%. Person no suppose dey risk pass 0.5% on a trade which is $50 on a trade which is also dependent on the win rate of the strategy.

But i saw people say they use five 0.1 lots at once gbam.

Some people it's greed grin Trading very volatile instruments with tight spreads. Crypto, gold, indices. Silver is worse na demon from hell.

I remember a contest last year someone was doing amazingly well scalping for over 2 weeks profitable wins. DAX 30 in just 1 trade gone bad messed up his equity (balance + profits).

Well, hopefully all of us will get better as the financial year goes on.



Agreeing with every other thing stated here, I'd like ask concerning the bolded text, are you saying it isn't possible to risk 0.5% or even less with 0.1 lot size?
Business / Re: Forex Trade Alerts: Season 22 by Rostid: 9:55am On Jan 11, 2022
infofirst:



All financial market traders na boss o either now or in the future. Thats why I usually referred to every trader as boss mi.
Gerrit boss mi? grin grin grin

grin grin I concur boss, but you go still remain my oga, anyhow ei wan be
Business / Re: Forex Trade Alerts: Season 22 by Rostid: 9:28am On Jan 11, 2022
infofirst:


The effect of the $$$ in the brain of man differs. You are correct % wise boss mi

Na you be my boss oooh, oga sir.
I do agree with you, the currency amount have different effects on people
Business / Re: Forex Trade Alerts: Season 22 by Rostid: 9:13am On Jan 11, 2022
samfelly:


No, it's about say person get mind. The 50k Prop Firm Account is way way better than the 10k's, bro. Why do I say dat? Because of DD. For me, the bigger a DD is, the better. And more reduced the high tension in lower DD

5% Daily DD of 50k is $2,500 compare to $500 for 10k's. One have to be thorough and meticulous to trade the 10k.

Good luck, Ebenezary

I think we should really look more into position sizing. With position sizing, we'd see that 5% DD on 10K and 5% DD on 50K would amount to the same thing.
If you can concentrate more on the percentages, you'll see that for both accounts, if you risk 0.5% per trade, you'd need to have a losing streak of about 10 trades in a day to violate the DD, irrespective of account size. Same thing goes for the target, 10% target of 10K and 50K are absolutely the same thing if you size your positions.
*Position sizing and percentages.

4 Likes

Business / Re: Forex Trade Alerts: Season 22 by Rostid: 11:27pm On Jan 09, 2022
infofirst:


There is no need for that. It will be challenging to track.

I agree, It'd really be difficult to track, otherwise, it would best represent the prop firm culture. There are swing trades that one could risk just 1% of the account with 0.75 lot and have a 1:5 RRR
Business / Re: Forex Trade Alerts: Season 22 by Rostid: 10:45pm On Jan 09, 2022
infofirst:


If I do not cap it, some folks will do some funny stuff, we do not need to wait to see it happen before we prevent it.

In respect to prop firm standards, wouldn't it be more appropriate to cap the risk percentage for any single trade instead?
Business / Re: Forex Trade Alerts: Season 21 by Rostid: 10:31pm On Dec 29, 2021
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Business / Re: Forex Trade Alerts: Season 21 by Rostid: 12:56pm On Dec 29, 2021
boom99:


No sir.

Okay.
I only asked because I usually notice clear divergences on most of your M1 charts.
Business / Re: Forex Trade Alerts: Season 21 by Rostid: 12:19pm On Dec 29, 2021
boom99:


Both are now in profit

Boss, is RSI a major part of your strategy?
Business / Re: Forex Trade Alerts: Season 21 by Rostid: 9:26pm On Dec 26, 2021
Dfrenzy:


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