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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (538486 Views)
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Re: Forex Trade Alerts: Season 23 by BrightFuture48: 2:07pm On Aug 20, 2023 |
zedegit:Exactly it will be very hard to breach DD on equity based rules except in case of profit pnl which can be solved by simply taking your profit at the EOD then re-enter after mtk close. |
Re: Forex Trade Alerts: Season 23 by Donsheddy: 2:07pm On Aug 20, 2023 |
People always complaining of equity based dd or balance based dd me personally i prefer myfundedfx equity based... For me i feel its the best but greed no go gree us.... Once you're in profit your daily drawdown increases.. and when in loss it reduces... Wetin you dey swing wey your trade go move 5% in profit and den lose the 5% on a single trade .. ABI you're trying to pass the challenge in one trade? 3 Likes |
Re: Forex Trade Alerts: Season 23 by zedegit: 2:09pm On Aug 20, 2023 |
BrightFuture48: Which prop firms offer Balance based DD? |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 2:13pm On Aug 20, 2023 |
PIPSMARSHALL: Breach the equity rule after losing how many % out of the 6%. You should increase the hustle for giveaways on Twitter. Be tagging me so you dont need to be looking for names to tag. @BinaryRocks don Tage me paaaa @BinaryRocks, I will start tagging you too. One account must enter by fire by fire I hope you know that @meshpips is a registered, confirmed and shameless Scammer on this thread. Spread the news if you don't know. 1 Like |
Re: Forex Trade Alerts: Season 23 by BrightFuture48: 2:13pm On Aug 20, 2023 |
PIPSMARSHALL:But why wait for like 5% profit to evaporate just like that. Why can't you take profit and re-enter at the same or approx. level after mrkt close. It doesn't diminish your profit ot anything. It harder to close negative pnl than to take profit. I can't understand how a trader will allow floating 5% profit go down the drain. |
Re: Forex Trade Alerts: Season 23 by Kaybee7000(m): 2:14pm On Aug 20, 2023 |
dmahn: Abeg o if he doesn't need the data,m need the data badly abeg o,ha no dey proud o abeg once again even if not up to the 50gig o 1 Like |
Re: Forex Trade Alerts: Season 23 by Donsheddy: 2:14pm On Aug 20, 2023 |
infofirst:... Meshpips try change oh... So that fta go let you breathe oh... |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 2:16pm On Aug 20, 2023 |
Donsheddy: The wicked no go sleep. I hope you know that @meshpips is a registered, confirmed and shameless Scammer on this thread. Spread the news if you don't know. 3 Likes |
Re: Forex Trade Alerts: Season 23 by Kaybee7000(m): 2:18pm On Aug 20, 2023 |
infofirst: 😂😂😂 Abeg don't kill m na🥺🥺🥺,we know already na |
Re: Forex Trade Alerts: Season 23 by zedegit: 2:20pm On Aug 20, 2023 |
Donsheddy: If I understand what Pipmarshal was saying. Let's say you have a $5000 account and the total DD is 6%. You use 0.02 lotsize to gain a floating profit of $300. How possible is it for you to lose $300 profits on a swing position with 0.02 lotsize? It's just not possible. What news will move market 1500 pips against you? 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by Donsheddy: 2:22pm On Aug 20, 2023 |
zedegit: Asin eh... With such profit you suppose close the trade self... Hunt for another trade |
Re: Forex Trade Alerts: Season 23 by BinaryRocks: 2:23pm On Aug 20, 2023 |
infofirst: 1 Like |
Re: Forex Trade Alerts: Season 23 by zedegit: 2:24pm On Aug 20, 2023 |
Donsheddy: It's all about money management. |
Re: Forex Trade Alerts: Season 23 by zedegit: 2:25pm On Aug 20, 2023 |
Donsheddy: Not when you understand where the price is heading.(Target) One can lock in some profits though. |
Re: Forex Trade Alerts: Season 23 by BrightFuture48: 2:29pm On Aug 20, 2023 |
zedegit:FTMO and Partially MFF. |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 2:32pm On Aug 20, 2023 |
zedegit: It is but that man no wan gree. 3 Likes |
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 2:53pm On Aug 20, 2023 |
BrightFuture48: E dey happen o. Dem agba wey dey swing anything trending. You won't go broke taking some profits. |
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 2:56pm On Aug 20, 2023 |
zedegit: Now I don't trade with 0.02, norms on 5k account its 0.2max lots I start closing at 4% 1-3% risks. I wan reduce am, but the upside is higher if I can just maintain discipline and control the greed on d upside. Make I no go dey imagine profits wey neva show evidence. 1 Like |
Re: Forex Trade Alerts: Season 23 by zedegit: 2:58pm On Aug 20, 2023 |
PIPSMARSHALL: If you understand that 6% means 1500 pips, you can't breach it even if news goes against you. Besides I found out that news is often correction in a trending market. So las las it will still continue in your favour or worse hit your stoploss without breach. 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 3:00pm On Aug 20, 2023 |
zedegit: Where u wan see 1500pips in 30days?. Our risks differs, its the knowledge that the market pays profitable traders. And won't trade gold? And u ar not a Player like peterru |
Re: Forex Trade Alerts: Season 23 by abham: 3:01pm On Aug 20, 2023 |
Price traded through the 31-05-23 level and closed below it on Daily tf. I would like to see price trade to 03-11-22 Daily low. Monday would give more insight. abham: |
Re: Forex Trade Alerts: Season 23 by zedegit: 3:03pm On Aug 20, 2023 |
PIPSMARSHALL: Uncle infofirst come oh. I am arguing 0.02 lotsize with someone on 0.2 lotsize. NB: 0.2 lotsize on 100 pips is $200. It's fearful to imagine on a $5000 account. Small movement your heart will be beating. You can't even close your laptop and enjoy your day with peace of mind knowing that breach is around the corner. 2 Likes |
Re: Forex Trade Alerts: Season 23 by JasonNOTStatham: 3:07pm On Aug 20, 2023 |
zedegit:According to the mods, they told me Wednesdays have a special swap fees multiplier, i.e. fees are increased in multiple fold . I don't know what that even means and why must it be Wednesday for huge fees... |
Re: Forex Trade Alerts: Season 23 by zedegit: 3:08pm On Aug 20, 2023 |
My own is prop firms that don't allow traders to withdraw all their profits without losing their account. Dat one weak me. |
Re: Forex Trade Alerts: Season 23 by JasonNOTStatham: 3:09pm On Aug 20, 2023 |
karkinase:I didn't know Wednesday have something like that and the balance based isn't what I thought it was... that gimmick did sell |
Re: Forex Trade Alerts: Season 23 by karkinase(m): 3:10pm On Aug 20, 2023 |
JasonNOTStatham:It’s always been like that .. it’s just that you don’t know |
Re: Forex Trade Alerts: Season 23 by zedegit: 3:11pm On Aug 20, 2023 |
Even if one is a risk taker the maximum on $5000 should be 0.05 with peace of mind. 2 Likes |
Re: Forex Trade Alerts: Season 23 by JasonNOTStatham: 3:12pm On Aug 20, 2023 |
RKTexpert: karkinase:This trailing DD is common with 1 step plans... But wait oo, aren't they supposed to be happy traders are passing out and paying them via profit splits? Sha, till a true DD will come out, all the prop firms will adjust... As in, how DD go pursue traders from back even with profits... |
Re: Forex Trade Alerts: Season 23 by dottozil: 3:14pm On Aug 20, 2023 |
Donsheddy: Personally I don't believe in closing of trades prematurely, I believe it is part of the growth and learning process as a trader, the day my trades will start to hit TP will be the day I know how far I have developed as a trader. 5 Likes |
Re: Forex Trade Alerts: Season 23 by JasonNOTStatham: 3:14pm On Aug 20, 2023 |
zedegit:Thank you... This is where I made blunders, trusting balance based with full assurance that equity based isn't considered. |
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 3:23pm On Aug 20, 2023 |
zedegit: It was this year I discovered my own peace in the markets on higher timeframe, any 15min surprise frm d market can trigger my animal nature, and I start spoiling days worth of profits. I wished I had d confidence sooner but counting the days looks far, living each day as unique won't allow u worry about time. I don't know how to explain, u av to be in the zone every market day. No excuse. Don't swith to stupid behaviour no matter what. Even Jesus wept, who I con be make ai no cry if e don red. If u no fit cry, take pain killer. Shayo, chop life, spend money, chop beta, E no easy atall. I understand you. Trading on higertimeframe is the last piece of the puzzle to becoming a profitable trader because u cannot make too many stupid decisions and put ur self at risks. Jesus turned water into wine for a purposes, na d evidence wey I put my life on. God is the Greatest 2 Likes |
Re: Forex Trade Alerts: Season 23 by sweetveek(m): 3:43pm On Aug 20, 2023 |
Which other site can i use to check chart aside trading view? |
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