₦airaland Forum

Piptocoin:
[color=indigo]Sam, that's quite admirable but it is better to think in terms of percentage than in amount. Besides, making $14 everyday for a week your profit should compound with the increase in equity. First, think in terms of percentage.

If $14 profit everyday for, say, 4 weeks amounts to 50% profit is that practicable? You get my point? The market will always spring surprises at you no matter how good your strategy. That is why the long term profit is bae...it keeps you in the game. With short term profits one easily crashes out of the game.[/color]

[color=indigo]Edit...

I didn't even read the part Samfelly said he would be starting off with a hundred dollars. That means two weeks profit will be 140% and a month's profit will be 200%...hmm.[/color]

I understand your point. Thank you for the input. But, I don't want to look at it in terms of percentage. If I were to bracket my profit in percentage, then I'll wait to fund my account with, say, $1,400 so that when I say #$14ADay, it will then seem as a reasonable goal to any person, cos that will be 1% of the said $1,400.

Well, $100 is the starting money and it is #JustThat$14ADay that I'll love to aim for each day, if God keeps us all alive.

Hope u understand and buy into my perspective, also? - even though it doesn't still sound okay

Feshizzy:

I don suffer for una hand this weekend oo

But i like this, so next time me sef go play am safe.

When i go remember una bashing, i go think twice before entering any trade

Abi o. E go come be the real definition of look before you leap

VlamesIffect:
No o. Samfelly na my guy...na so we dey talk

Immortal99, you dunno

Feshizzy:
E enter everywhere oo,
Real, contest, prop everywhere,
Though its not something new to me, i have seen way worst than this,
It's was just too much aggressive trading that affected the contest account.
We good bro, everywhere good.

The contest really helped me with some refinement,
Atleast i no turn to bitterleaf like those other fellow for here

Thanks again.

VlamesIffect:
Hw fa our XAUUSD plate number now.....you dun move go indices now?

No, bro, I still dey with XAUUSD. Na time be everything. On God, I go still customize that plate number for my ride

DannyFX2638:
and e sure you die say u go day get $10 everyday Because market day fear your face na

VlamesIffect:
no now samfelly get elder brother for federeal reserve

On God

VlamesIffect:
It's the characteristics of the market... that's why bullish trade dey take time & sell trades dey quick hit tp.
Market fit use 1 year buy something from 10 - 100 offload everything from 100-10 in jusy 2 months...go check all the charts na so he be....
Na why i dey laff when i see say people are usiing the same strategy for buy & sell. Some strategy perform work better for buys...and another strategy work better for sells....
Just like head & shoulders pattern...is perfect for buy but not to good for sell... while all those butterfly & gartley harmonics dey better for sell and not to sound for buy....
Na mr. Lovebignyash teach me this one sha....

DestinyDjohn:
You've said it all boss ...I believe if one can be patient enough to make 5% consistently (slow and steady) without being aggressive then you're settled for life ...

Piptocoin:
[color=indigo]I am reminded of something. There is a guy in FF by the moniker, Pipmaster777. He has been trading prop firm accounts on ftmo consistently (as well as MFF) for many months. He builds his profit on his account by striving for 3-5% monthly. Last year, he said he was trading a million dollars — combining MFF and FTMO. Imagine trading the combination of MFF and FTMO max in $1,000,000. 3% of $1,000,000 is $30,000 monthly....that guy is something else. I believe anyone can do it.

I also heard that Michael J. Huddleston (you all know him as ICT) once said anyone can make a living on 5% profit. I was on a telegram group of ICT traders when the statement was attributed to him.

I remember boss Infofirst once brought to our attention a shocking list of performance statistics regarding prop firm traders and one of the most noticeable things was that the most successful traders usually made about 4 to 5% monthly on their accounts and these types lasted about 8 months and more...among other facts.

These truths corroborated by different people and circumstances seem to stand the test of time and it is how a person makes it BIG in forex by aiming small percentage profits.[/color]

Feshizzy:
Abeg Bros,
Come motivate me,
Everywhere just dey red for here,
I have been on EU buy ever since,
Omo e choke.

The reason why it even hurt me the more was that, i actually saw it coming,
Na greed of counter trend of 10 pips na hin come put me for problem so,
And the truth is if i had follow my plan of using tps in CTs i would have been out if this buy and follow the sellers,

Learned learnt, stick to you plans at all cost

infofirst:
I think if we trade responsibly. We will likely meet up. The opportunities in the market are unlimited. Yes we can
Our last week winner continue his impressive and responsible trading this week and am happy to inform us all that despite trading responsibly. He hit his phase 1 target on the $10k account today.

Feshizzy:
From you?

Me wein i say make i land the jet, top fuel, stretch leg, small,
Next thing, i just see you blow full speed pass me

I don kukuma leave the market for una sha,

My analysis don dey exhausted, i don Park,
Make i dey observe so

But truth be told, boss, you brought so much fun to this our 2nd contest . And it has kinda made realised, all over, again that whatever one do, one should have fun doing it - dat is where success lies.

I no even come dey trade again. I just dey watch how you dey exhausted and re-strategising on ur charts

And Gasive go use #LejuPa show all of us road in the 1st one contest

Feshizzy:
Accident dey occur,
We no dey perfect,
It was an honest mistake

infofirst:
Oh. I just saw the concluding part of the msg. You can continue. Just close that trade of 0.01

Feshizzy:
Boss infofirst abeg pity am,

Ah, thank you, my leader, for putting that in for me

boom99:
Oboy my first trade for the competition ooooo.. I go mistakenly use 2lotsize but I ended it immediately. Am I disqualified infofirst?

Hahahahahahaha . Is in the blood already. All these days that you have been practising with big lot size, you think it will not stick. Practice make perfect. But, be care, in the long sha

infofirst:
You will eventually. Thanks for calling attention to that. Best wishes.

But, boss, I can still be pardoned, since I immediately opened up

Feshizzy:
Hehehe,
Fund manager don turn lawyer.
Wahala

It's the entitlement for me. A whole fund manager

Abeg, make una dey always remind me not to fall under Feshizzy's radar, abeg

I don know say casala don burst for here, because I was surprised when I saw you among d latest contestants' list.

Biko, no too wipe us for ground

infofirst:
And the contest has ended and complete.
@Amolak will be sponsored for the $10k and #10k for data.
@hayordeji will get #10k and be in wait list to be sponsored for $10k
@lucab will get #10k and be in wait list for $10k sponsorship
Both need to be in wait list so I can see the progress of @Amolak.
All three should reach out to me to claim their prizes.
@kingpipMarshall and @femora and @charly20 are sighted and noted. Your efforts will not go in vain. Things are in the pipeline for you too but we need to see some consistency moving forward.

Congratulations to us all. Every participant is a winner.
Next contest starts on sunday night. Watch out for the link and most importantly ensure you read the rules before joining. Might do some slight modifications based on observations in the last contest.

Thank you all for participating and the maturity.

karkinase:
that guy is good. Trading made easy. No many talks

Immortal99:
But hey..
U can be right . ...
Me wey de giv advise .... i de struggle with Mff 10k plan since last year ...

i don do free retry so tey ... d last one ... de admin no even bother to refresh the acct sef ...

em say make i jus de trade de go

Dis one off me

I hope you are doing your best to change the story, bro?

KingPipmarshall:
That's your opinion stop using the We Who are the we?.

If that trader was trading myforexfund, he has violated their rules already.

I joined this contest because I had failed my evaluation tests twice. Na my own loss b dat sha.

Contest or no contest, these prop firms have their rules and if violations are detected, there is no mercy.

haryodehjia:
Change your font as this to note which pair or indicate it in your post

LoL . Forex is a very hard business, already. And my guy (FreshGuy2) still come make am more harder by using an unsuitable font fa

In the words of Piptocoin;

FreshGuy2:
what's the RSI settings, i want to include it to my chart

NaGraceFx:
I believe FTMO should handle the daily DD,

And true to your words, FTMO don handle me, since!!!

I am even loving it. I'll go and be using this FTMO FREE TRIAL as a Demo Trading account, to help refine my trading benchmarks and as well assist my Risk/Money Management brouhaha.

Charly20, make we try dey compare performance o

NaGraceFx:
Look at his level of measurement and scaling,
Just free the guy, he no reach
Zero OT

Hahahahaha, thanks, boss.

We muvee

kinglee007:
You are explaining how to me how to use the "Search" option on Nairaland? You funny die. You had better check when you opened your account and compare it to mine. Some people sef.

Zaddy, no vex

infofirst:
I am not able to see as it requires extra permission. Did it hit the 5% at your end? help confirm so I can do the needful.
Thank you

Sorry, I kept u up. Just took a little nap.

Replied ur mail already. Abeg, drop a lite hammer on me o .

Rostid:
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.

Yes, u are right. Likewise, karkinase. I was only thinking differently for my own terms, sha . Becos say I like amala no mean say I no go still taste very ripe bolle - you gerrit?

infofirst:
Oya send me your metrix. I see you got 6%.. Let me manually disqualify you

Finally, d long arm of justice wan meet me

infofirst:
Us 30 beast than gold. A trial will convince.

Say No More! my lord.

I don call Julius Berger, make dem go construct better bungalow for me, right there. I wan dey sleep there now on

(stammering) Jus jus jus jus just do me a favour. Te te te te tellllll d remain contestants make dem dem dem no bo bo bother trade again. I wan wannn shut down the competition so!!!

US30, here come. Na wetin pass my power I wan dey use competition do!