karkinase:
GOD im screwed Just got this mail , tot MFF daily loss is on balance, didn’t know it was on equity.
@infofirst @Brightfuture48
MT4 acct balance still $10114.61

Feshizzy:

I felt this bro,
So sorry you have to find this out the hard way,
This was the same reason i lost 3 accounts at a go,
The DD is on equity, not a balance,
Just take time to fully understand how it works,
If you have a floating 500 profit today,
By tomorrow, is then floating goes to BE,
You don loose account be that,
Ordinary person no fit understand, if you no go, you no go know,
It's a small price to pay for success though

Ikillbrokehoes:
Gold digger!

karkinase:

Feshizzy thanks for the words of encouragement, I guess smtin fundamental is wrong with me. I was already $30 to finishing phase one last nite but here I am losing an account. It’s really painful I must confess. I was just very close.

Fxwarrior:

karkinase:
GOD im screwed Just got this mail , tot MFF daily loss is on balance, didn’t know it was on equity.
@infofirst @Brightfuture48
MT4 acct balance still $10114.61

haryodehjia:

My buy bias didn't play out... Even though I am expecting a bullish movement strong one

Ikillbrokehoes:
Gold digger!

karkinase:
GOD im screwed Just got this mail , tot MFF daily loss is on balance, didn’t know it was on equity.
@infofirst @Brightfuture48
MT4 acct balance still $10114.61

karkinase:
GOD im screwed Just got this mail , tot MFF daily loss is on balance, didn’t know it was on equity.
@infofirst @Brightfuture48
MT4 acct balance still $10114.61

karkinase:
GOD im screwed Just got this mail , tot MFF daily loss is on balance, didn’t know it was on equity.
@infofirst @Brightfuture48
MT4 acct balance still $10114.61

infofirst:
One of those things boss mi. Do not relent. Keep the lessons and check drawing board and come back stronger.

Zamanda:


No way! How come, bro? I have never liked MFF at all. The way they calculate their draw down is in opposite of how FTMO (trader's favourite) calculate theirs.

I have been seeing how you guys are bagging the contest and d awards. If I happen to win, I'll just simply beg Infofirst to allow me add money to make up for FTMO's 10k account, inshallah. It is their clean way of calculating draw down for me o

Once again, so sorry, bro. I feel for you.

Zamanda:


No way! How come, bro? I have never liked MFF at all. The way they calculate their draw down is in opposite of how FTMO (trader's favourite) calculate theirs.

I have been seeing how you guys are bagging the contest and d awards. If I happen to win, I'll just simply beg Infofirst to allow me add money to make up for FTMO's 10k account, inshallah. It is their clean way of calculating draw down for me o

Once again, so sorry, bro. I feel for you.

Elliotwaveforec:
Quick one! Till tomorrow

karkinase:
GOD im screwed Just got this mail , tot MFF daily loss is on balance, didn’t know it was on equity.
@infofirst @Brightfuture48
MT4 acct balance still $10114.61

Here is an idea of what I'm trying to get at;
10k account
Open trade : 1% risk
target return (based on opportunity presented):
8%

First price impulse moves equity from 10k to 10,500 (i.e 5% gain),

Market makes a retracement for second impulse sending equity from 10,500 to 10,000 (I.e 5% DD)

Account lost

This is what I mean. I'm trying to understand if that is how the system works so I may plan accordingly if I'm to consider the option

charly20:



Quite a misfortune, chief.
I remember when I pitched this concern sometime last year. I remember I had this talk with @feshizzy and it seemed we were not on the same page then but I guess everyone is getting to that page now.

Take care. The market is being brutal this period

Ikillbrokehoes:
After loosing on Gold this morning, I still went back to strategize, took another Gold buy again and here we are.

The first and second picture was the chart before TP on different timeframes, the third picture was after TP, I recovered my loss and made more profits.

That's how we roll.

Bro, you are doing honourably well . You are really killing dem hoes

VlamesIffect:
I swear...samfelly you dey see so...make i tell you something...your trading style no go ever allow you grow account....e no fit happen...na truth i dey tell you so....your best bet na to dey withdraw as you dey make the money... scalping no be same as swing trading... scalping fit get 99 wins over 1 week of trading make 1 loss wipe out the account...baba you are a good scalper....dey withdraw this profit..

On God, comrade . On God. We will crawl for as long as we can be personally sure we are ready run. I have been cautioned, numerous time, not to rush it. I am not in a haste, anymore, to make all the wealth in Forex - compared to when I first landed my foot into Forex trading.

The aim now is to thoroughly enjoy trading.

Yamiriflathead:
Dem swear for all of una for this thread.
Tufiakwa!!!
From one lamentation to another lamentation.
No body done blow, nobody don buy benz, nobody don testify say e done collect block. From year to year, meanwhile I done pick like 10m since this year start and we never even reach mid year.
That time wey I tell that mumu boi make e use that 10k dos stake 2 sure odds for my hand e nor gree, now e done blow account, and legendary account blower himself dey console am. I tell u say u go blow the account, I nor tell you?
I rather die than for pesin wey dey compete with buhari for failure indices to dey console me sef..na that one burst my head pass.
Na pesin wey dey win dey show people wey dey blind way but for FTA na reverse be the case.
Chaiii.. this thread na comic relief for me

I too talk, yes
Make una vex blow with fx as I too talk

Zamanda:


Boss, I am happy to announce that I am prepare to join the next contest, if I am allowed. Let me give these boys a chase for the pips . I wonder why my sister, Satine-C haven't joined any of these contest, so far.