charly20:
"I will stop trading on Mondays, Mondays are usually taking my profits from the previous week, blah blah blah"

The following Monday, son of man don open trading view dey find setup. Before you know it, 50 trade executions don turn red before Tuesday morning.

Then son of man returns again to complain how he has learnt his lessons and will go harder the following week.

Son of man lacks self control.
Son of man will not make it.

FXcandles:
Yedterday oil price hit the high 81.66 but eventually back and cross middle band line and hit low 79.91. Seems oil prices consolidating near the MA line. The US now still becomes the first country with highest consumption with 19.140.000 bpd, then China 14.295.000 bpd based report if Oilprice according data 2022.

dmahn:
Thanks all for your contribution. The idiot stopped me out. I knew the market was just doing it's thing by taking from us, so I reentered after the breakout turned out to close back into the zone, it gave a pinbar so I reentered. They call it Revenge Trading, But I call it reentry with little risk coz the stop loss is just above the pinbar... SL already at breakeven so let's see if reentry will go to tp or come back to stop me at breakeven

infofirst:
What is the best lot size to trade a $10k prop firm?

How long is an appropriate time frame to pass phase 1 & 2?

How many pair(s) is appropriate as well?

This post is strictly for those that do not scam people of their hard earned money.

Posting huge wins is a scamming attribute. Desist from it. If you will not share us your reds, do not share us your greens

dottozil:


Will be answering this as a swing trader,

Lot size; between 0.03 and 0.5 max depends on where your stop loss is placed

How long ; no specific time frame when you pass you pass unless a specific time frame is set by ur prop firm


How many pairs; no specific number of pairs cos as a swing trader you might have to hold some pairs longer than the other for it to hit TP.


Thanks

infofirst:
What is the best lot size to trade a $10k prop firm?
How long is an appropriate time frame to pass phase 1 & 2?
How many pair(s) is appropriate as well?


This post is strictly for those that do not scam people of their hard earned money.

Posting huge wins is a scamming attribute. Desist from it. If you will not share us your reds, do not share us your greens

infofirst:
What is the best lot size to trade a $10k prop firm?

Daily DD of 5% is $500; therefore, the real capital is $500.

0.2 that is $2 per pip for major currencies and 0.1 for gold and co.

Danator:


Weldone for consistent updates.

charly20:
"I will stop trading on Mondays, Mondays are usually taking my profits from the previous week, blah blah blah"

The following Monday, son of man don open trading view dey find setup. Before you know it, 50 trade executions don turn red before Tuesday morning.

Then son of man returns again to complain how he has learnt his lessons and will go harder the following week.

Son of man lacks self control.
Son of man will not make it.

infofirst:
Good day Fam.
Do not give up if you are continously learning, discipline and practising risk management.

If you are not learning, greedy or scamming people shamelessly, you can stop trading and move to your village to do full time farming in the forest.

Fxwarrior:
Where are those that want to make 20% in TFT?

Sell gold now at 1902 with 3 lots

Stoploss 1917

Target 1872

Petah:
You are a mind reader sir,
I was actually thinking about this question this morning. I am a day trader. What would you advice sir?
Thank you for all you do.

Fxwarrior:
Where are those that want to make 20% in TFT?

Sell gold now at 1902 with 3 lots

Stoploss 1917

Target 1872

rainlover:
I thought fxcandles is a bot 🤔

Fxwarrior:
Where are those that want to make 20% in TFT?

Sell gold now at 1902 with 3 lots

Stoploss 1917

Target 1872

dottozil:


Will be answering this as a swing trader,

Lot size; between 0.03 and 0.5 max depends on where your stop loss is placed

How long ; no specific time frame when you pass you pass unless a specific time frame is set by ur prop firm


How many pairs; no specific number of pairs cos as a swing trader you might have to hold some pairs longer than the other for it to hit TP.


Thanks

karkinase:

Nice call.. but this ur stop loss ehn🙂

infofirst:
What is the best lot size to trade a $10k prop firm?
How long is an appropriate time frame to pass phase 1 & 2?
How many pair(s) is appropriate as well?


This post is strictly for those that do not scam people of their hard earned money.

Posting huge wins is a scamming attribute. Desist from it. If you will not share us your reds, do not share us your greens

infofirst:


One of the reasons why most hit DD is as a result of this % risk this. % risk that.
When you risk 1% per trade on a $10k using 1 standard lot, 1% risk on such will be 10pips SL. When you trade using this approach. There are high chances that you will go into revenge trading and lose the acct so fast.

But someone that does 0.01 lot, risking 1% per trade will last longer. Will trade under no pressure and hence better decision making. So best lot for $10k in my opinion is 0.01lot risking 1% per trade and no more than 2% risk per day.

For the timing, that there are no time limit does not mean you can not work out a time frame.
So in my view, wit a 2% target monthly. You should be good wit phase 1 in four to five months. And then another two to three months in phase 2
Those are what I think is ideal. But less gives rest of mind. That's why it's better to hustle for as many accounts as possible and it will make the target less.

infofirst:


One of the reasons why most hit DD is as a result of this % risk this. % risk that.
When you risk 1% per trade on a $10k using 1 standard lot, 1% risk on such will be 10pips SL. When you trade using this approach. There are high chances that you will go into revenge trading and lose the acct so fast.

But someone that does 0.01 lot, risking 1% per trade will last longer. Will trade under no pressure and hence better decision making. So best lot for $10k in my opinion is 0.01lot risking 1% per trade and no more than 2% risk per day.

For the timing, that there are no time limit does not mean you can not work out a time frame.
So in my view, wit a 2% target monthly. You should be good wit phase 1 in four to five months. And then another two to three months in phase 2
Those are what I think is ideal. But less gives rest of mind. That's why it's better to hustle for as many accounts as possible and it will make the target less.

charly20:
"I will stop trading on Mondays, Mondays are usually taking my profits from the previous week, blah blah blah"

The following Monday, son of man don open trading view dey find setup. Before you know it, 50 trade executions don turn red before Tuesday morning.

Then son of man returns again to complain how he has learnt his lessons and will go harder the following week.

Son of man lacks self control.
Son of man will not make it.

dottozil:


I think percentage risk goes a long way than risking 0.01 per trade, the only way this is possible is if you have fixed stop loss, which m not really in favor of, what happens if you have two stop losses one is 50 pips and the other 20 pips with 0.01 lot sizes, the Markey decides to take out the one for 50 pips and the one for 20 pips hit target you will find out that at the end of 3 months you are not really going up or coming down in Balance. Your thought

PIPSMARSHALL:

Boss shey u dey host September competition?
I wan try something

peteregwu:


On usdzar, I was taken out on150pips. I am going in again. 😛😛

infofirst:


I think when you practice it, it will be clear instead of assuming. I did practiced it and the balance kept rising.
You must not follow everything you read as it is written o. You must modify to suit your.

dmahn:
Thanks all for your contribution. The idiot stopped me out. I knew the market was just doing it's thing by taking from us, so I reentered after the breakout turned out to close back into the zone, it gave a pinbar so I reentered. They call it Revenge Trading, But I call it reentry with little risk coz the stop loss is just above the pinbar... SL already at breakeven so let's see if reentry will go to tp or come back to stop me at breakeven