₦airaland Forum

Skanas:
2021 has been a great ride...

Shout-out to Gabsonfx and Infofirst for the contests this year, I gained a lot...
Samfelly, u’re jolly good fellow, thanks for accepting to host FTA22...
Charly20 and Copyjoe una perseverance dey gimme joy, am a big fan!
To all of us, 2022 will be a game changer in our forex lives
#Happynewyearinadvance
#Cheers

Thanks, bro. All the best to you also

Dotinacircle:
Good morning sir, I noted some of the important points you said here. You said while backtesting we should focus on those losses we have. Because during my backtesting im still having 3 to 5 loosing streak but the strategy is profitable on the long run. I'm looking for a way to reduce loosing streak to 2, is that possible?? Because I fear loosing streak dieee

And by the way how long was your loosing streak for the whole year 2021?? I'm curious to know

Still a humble learner

Dotinacircle:
I don nominate you bro

Thanks. Are you related to Successsam121?

It's being long I have seen him in our midst

Donsheddy:

I don't trade gold oh...
can't remember the last time ..
I checked it self...
but just looking at this chart you posted...
this is a buy trend ....
you will be taken out...

modified...
I just checked and it was so..

whatever made u thought or believed it was a Buy setup is the same knowledge you sure need to trade it, bro.

Change your view of Gold. Sit at another table

Fxwarrior:
Gold Trade

Buy limit @ 1810
Stoploss 1805

Target 1825

klinksd:
SL hit.

Donsheddy:
as you Don win the election...
come buy drink for boys... lol

Gasive, help your comrade out o

Send dis comrade a picture of chilled Heineken, mbok.

And serve anyone else who demands for one. I go pay you, bro. Dats how we roll

Donsheddy:
you no call my name

chai you no call my name...
Jesus boy like me....
crying......

my comrade, I celebrate and nominate you

klinksd:
...@Samfelly...where art thou?
...you have earned it bro...cheers

Thou art here, boss

Feshizzy:
[/quote][quote author=Donvic4u post=108947483]

charly20:
[/quote][quote author=CopyJoe post=108951532]

Jenera:

Piptocoin:
[color=indigo] [/color]

infofirst:
[/quote][quote author=abham post=108953469]

Acknowledged, pls. I greatly accept.

Thank you all for this

Feshizzy:
Na wettin sam be feel like too,
Until market jam am back..

Enjoy the vibes while it last

highcurrent:
....e go soon humble...

Walai, he go soon really humble. When the market ask am: "Are we a joke to you?!" He go 'mellow'

lekinz18:
Risk management for me is the holy grail in forex....what I did in my own case was to open 0.01 lot size 4x on my 100 dollars account with 10 pips stop loss....thus gives me 4 loss anytime my stop loss is hit....and with manual take profit target of 30 pips or 40 pips depending on the market....there was a day I am on gu and EU sell...it just tank down by almost 200 pips because of news....which further strengthen my believe about risk management....there is a saying that no matter what we do, the market can decide to go up or down

.cc: samfelly

obajoey:

Kindly drop the link of this screenshot, bro

CopyJoe:
Samfelly was about to grow his small account to $150+.

That's triple his deposit amount. But couldn't keep it.

His risk management was poor.

We should learn from that. Other than the strategy itself, risk management is the very key.

Key example is Feshizzy. The discipline is there for him.

Even if he's trading a much smaller account, he would still be profitable and keep the account going.
Selah.

Feshizzy:
The mata no easy sha,
The temptation dey,
But what is keeping me is the discipline.

I once said it here, when you put money in an account to trade, make sure you don't plan in withdrawing from it in a minimum of 6 months, especially from small account where the profit no reach anything.

Always having this in mind has set me on a different path entirely, because that my account is on a "no debit" for the next 3 years, so why the hurry?

Secondly, believe your strategy and most importantly respect what the market gives you.
5 pips in the bag is better than 200 pips not promised. There's always future opportunities, so why the rush?

There has been challenges and temptations, but i have a bigger picture at play, a very big picture,

Me wein wan dey control like 600k usd of prop firm funds, i gas focus make i no go loose guard.

Always stay true to yourself,

charly20:
Actually Mr. Sam, I don't know if you're up for it but starting from January I'll be practicing the 10k FTMO package for the whole of the year, trying to meeting the requirements every month too and doing a "rinse and repeat".

They said "if you want to cut down a tree, spend more time sharpening the axe".

There's still a lot to learn but I'm as serious as I can be.

I will advise you save up all the money you'd rather use to play around live trading and practice as I will too till it is well engraved in your psyche what you have to do per trade then we can see you become a prop firm trader

Much love from my side ✌️

Can you can? Three Hundred and Sixty Five Days na short time, but na lonnnnnng period. I'll be tempted to want to go Real Prop if I register success and consistency within 6 months. Moreover, responsibilities will not even allow me go a whole year without generating income to support a living . Anyways, we'll all be here, insha Allah, to cheer you on.

Gasive:
Lolx, no be small thing my brother...
On my part, I don swear by my late father's grave never to deposit shishi to any broker again.
Henceforth it's props or nothing (all thanks to GabsonFx).

Local man cannot come and go and lose all his life savings on top forex..
#OurMumuDonDo.

Indeed, my own mumu don do

Jameselias:
The one they give when you download the app

Piptocoin:
[color=indigo]This is why there is the option of prop firms route to magnify your profits with good risk appetite. Of course, you can also potentially grow your account substantially but prop firms give more food for thought as regards exponential profit margin.[/color]

Yes, broda, I don make up my mind, too - no more depositing of small small change into my account. Instead, I go save the change to fit purchase any Prop Firm plans.

Today, N16,000. Tomorrow, N25,000. Next tomorrow, N9,000. And another day, N34,000. All dey burn throway like cigarettes wey my late father burn then. E no dey happen, again! 2022 na wise planning, with close marking.

If I wan even deposit into my account, it must be huuugee! According to a popular adage: If you are planning to eat a frog, make sure to eat the one that has eggs inside it - no more yeye deposit of small small change and getting worked up unnecessarily with high blood pressure

Kaesyrn:
#QuickReminder �

One Man's Ceiling is Another Man's Floor...��

One Man's Support is Another Man's Resistance...⚓⚓

One Man's Stop Loss is Another Man's Entry...��

You've got to learn How to fall, before you learn to fly...��

Step into the new year with your head held up high ✅✅

Cc. @samfelly

Reminders embraced

obajoey:
I think passing this challenge has to do more with risk exposure..

Opening multiple positions at a time is something that will not go well with prop firm trading when market move against those positions cos daily drawdown would be hit easily.

This is something I am trying to improve upon too.
It has always been the issue with me.

Piptocoin:
[color=indigo]I don't know about others but what you said here is one of the greatest psychological truisms as regards forex. The takeaway here is knowing that no strategy will always fetch the trader pips no matter how good it is therefore the trader has to be disciplined to take only trades that meet his/her criteria/conditions, refuse to take trades on impulse and resist the temptation of FOMO while sticking to sound money management.[/color]

It is the impulse and fomo for me - I need flogging

Englishisamust:
Please can I ask how many loosing streak you had before you arrive at -70%?
That means if you are risking 3 percent on every trade that means you will need to have 23 losses on a row before you end up at -70% which I think it is not possible. I think you are not taking risk management into consideration, which I myself, I'm still working on. It easy to be greedy in this Forex market if you don't know how to control your emotions.

Nevertheless, never give up, endeveour to realize your mistake and correct it. We are all gonna make it in 2022.

Significant ones, about 7

And you are absolutely correct in your deductions of my laughable trades and character. Yes, I did you just outlined. I am critically thinking about how I want to be trading - not like a gambler, anymore, cos I do have a strategy, but gambler spirit still reels me in, every time. That's why I am telling myself I Now Know What I Don't Have To Do - I don't have to impress anybody. I don't have to be rich over night. I don't have to eat everything in one whole day. That gambling addiction needs to be broken!

Maybe we should create a Gamblers' Anonymous club just like Alcoholics Anonymous, here

To this minutes, I still wonder what keeps Feshizzy in check. Like, I no go fit deposit $2,000 for my account and I go dey take trinket of trades. His self control is a god on its own. I envy that god, cos I no get am. I sincerely hope for 2022 to change my narratives.

Riverrun:
But Sammy what happened? Did you actually change your several months winning trading plan or you were looking for Christmas money?

MONEY247:
Lol...
You are doing well...

Feshizzy:
Learn from your mistakes and move on

Donvic4u:
No better way to put it than this...

Samfelly learn and keep on learning

JAkpayen:
Sometimes, you won't know how close you are to success, especially when you work very hard, see no result and think to give up at last

. . .

dennison4luv:
My guy see quitters to don't win and winners don't quit. Just try and recall all your mistakes and try to work on dem. First is your risk management and your psychology.

. . .

Piptocoin:
[color=indigo]Samfelly...the difference between quitters and winners is choice. You are making progress even if you think you aren't.[/color]

CopyJoe:
We are in this together bro.

I almost blew my small accounts some weeks back. Withdrew the rest and went back to the drawing board.

. . .

femora007:
At a point in time I almost did too. But I got the ginger to continue on this same thread through one of those competitions organized long ago. . . .

klinksd:
...hang in there bro...there will be challenges, but, it is part of the process.

. . .

charly20:
Lol, Mr. Sam.
I think this is part of it. If no trader experiences this part of the journey, I think he needs to "hundredth check" (I know the expression doesn't exist but you get the point ) what he's actually doing.

. . .

klinksd:
....some people go see 2022 in real life, but would not see it anytime soon in Gold...

@samfelly et al...I hail ooooh.

....Season's Greetings my people...

Klinksd, where you come out from ? I hail you, broda. Longest time. I hope you come with enof good news, bro?

charly20:
Fair enough. All I'm saying is I've had my account on an explorer, I quite understand how this DD calculation works and I find it inconvenient. So saying "na gamblers dey fear daily DD" doesn't really sit well with me. If there is anything I've not done this year, it is gambling with my demo account because I'm just as passionate about this business as anybody else.

The MFF conditions may not really suit me. I did the FTMO trials in the last few days of November and I passed it. Just this past week, I completed another evaluation using the FTMO trial parameters and I passed as well. I will be doing another from this week to build my confidence and I hope to pass it as well.

Your "5 pip TP" is your style. I mentioned sometime that I do not take trades less than 200 pips TP because that is my style and my demo account has not been blown because of the decision.

But as you said "trading is personal" so no wahala.

Feshizzy:
Just do crrryyyyptoooo bro,
If you don't have reliable exchanger,
You can use naira4dollar or nicci,
They have been in business for more than 15 years now
All those p2p for crrrrypto, my mind no carry at all.
Atleast n4d even get office

Feshizzy:
Yes MFF do,
The daily DD is just about either adjusting your SL daily or reducing your lot/risk.

Though I'm a very Conservative trader i haven't even reach 1% overall DD yet.

Beating the 5% DD isn't something difficult,
Na only gamblers dey fear the daily DD