Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 9:18am On Sep 08, 2023 |
Well,i can dash you my TFT and funded next comp account,i haven't placed any trade on them yet,if you're interested,let have a deal Davigle: I got disqualified from the TFT competition yesterday due to my irresponsible behavior by breaching the daily drawdown rule. π³, honestly I have been in severe pains since yesterday because I had high hopes and expectations of myself in this competition only to be cut short by my indiscipline. once again I broke my rules of not trading out of my session because I taught I saw a really tempting setup, and I lost. secondly I have been researching on how to trade news and found some good results in my hindsight studies so I decided to trade the news yesterday, although I was bullish on the USD and bearish on my specific markets I trade (EU, GU, gold and US30), I was anticipating the news to favor the USD of which it did. As soon as the news was released, I shorted GU, gold and US30, boy o boy, price moved in my expected direction and I was feeling like a boss thinking that I have finally cracked the markets. my euphoria got into my head. while I was waiting for target to be reached, price reversed and hit my stoploss on gold and GU. I was very livid and I threw all caution out the window, at that moment I forgot all the warnings that the elders have made here and every other trading advice that I have read over the years which I thought I had integrated into myself. I thought the market gods were just manipulating the markets as usual and I shorted GU and gold again and then I removed my stoploss on US30 (a very costly mistake). I had wining trades on Tuesday and Wednesday trading US30 and I felt like I have mastered the beast, oh Jesus, US30 doesn't deserved to be called a beast but a monstrosity monster ππππ. US30 began to rise and then fly and then soar.... I prayed for her to come down, she refused, I begged her to come down, she said no. And then I did something very stupid, I began to will her to come down, how arrogant of me to think I could control the markets with my will. And then surprisingly US30 submit to my will (or I thought so) and she came down to my entry. I foolishly did not close the trade, because I thought the storm was finally over, meanwhile GU and gold hit my stoploss again. I did bother, I was just praying that US30 should just go in my direction of she which she did and I was finally thinking alas the worst had passed. Then the tsunami strucked before my eyes, US30 began to surge up again and I was just watching like mumu, hoping it will still come down but it never did. I kept on going up until I finally decided to kill my hope and close the trade with a $4k loss. I didn't even know that TFT had already sent me a disqualification mail. after the closing all the trades, l lay down with a throbbing pain in my chest and feverishness all over my body. I realized that my expectations were cut short, my hopes were dashed and I have to wait till the next month for another opportunity. ICT always says, if you don't open your eyes to the markets, you will open your ass to the markets, brethren, I confess that I honorably opened my ass to the markets yesterday and they did not hesitate to give me a resounding smack. Alas I will continue to trade my TFT account even though I have been disqualified, I will focus on making back all the losses I made by the end of the month with strict risk management, hence I have decided not to risk more than 0.5% per trade. To my fellow noobs on this thread, honestly risk management and discipline is the holy grail of trading. I don't care whatever strategy you are using to trade, if you don't have strict risk management and discipline, you're is just a few moments away from being wrecked.
Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all. |
Re: Forex Trade Alerts: Season 23 by Kaybee7000(m): 9:18am On Sep 08, 2023 |
Davigle: I got disqualified from the TFT competition yesterday due to my irresponsible behavior by breaching the daily drawdown rule. π³, honestly I have been in severe pains since yesterday because I had high hopes and expectations of myself in this competition only to be cut short by my indiscipline. once again I broke my rules of not trading out of my session because I taught I saw a really tempting setup, and I lost. secondly I have been researching on how to trade news and found some good results in my hindsight studies so I decided to trade the news yesterday, although I was bullish on the USD and bearish on my specific markets I trade (EU, GU, gold and US30), I was anticipating the news to favor the USD of which it did. As soon as the news was released, I shorted GU, gold and US30, boy o boy, price moved in my expected direction and I was feeling like a boss thinking that I have finally cracked the markets. my euphoria got into my head. while I was waiting for target to be reached, price reversed and hit my stoploss on gold and GU. I was very livid and I threw all caution out the window, at that moment I forgot all the warnings that the elders have made here and every other trading advice that I have read over the years which I thought I had integrated into myself. I thought the market gods were just manipulating the markets as usual and I shorted GU and gold again and then I removed my stoploss on US30 (a very costly mistake). I had wining trades on Tuesday and Wednesday trading US30 and I felt like I have mastered the beast, oh Jesus, US30 doesn't deserved to be called a beast but a monstrosity monster ππππ. US30 began to rise and then fly and then soar.... I prayed for her to come down, she refused, I begged her to come down, she said no. And then I did something very stupid, I began to will her to come down, how arrogant of me to think I could control the markets with my will. And then surprisingly US30 submit to my will (or I thought so) and she came down to my entry. I foolishly did not close the trade, because I thought the storm was finally over, meanwhile GU and gold hit my stoploss again. I did bother, I was just praying that US30 should just go in my direction of she which she did and I was finally thinking alas the worst had passed. Then the tsunami strucked before my eyes, US30 began to surge up again and I was just watching like mumu, hoping it will still come down but it never did. I kept on going up until I finally decided to kill my hope and close the trade with a $4k loss. I didn't even know that TFT had already sent me a disqualification mail. after the closing all the trades, l lay down with a throbbing pain in my chest and feverishness all over my body. I realized that my expectations were cut short, my hopes were dashed and I have to wait till the next month for another opportunity. ICT always says, if you don't open your eyes to the markets, you will open your ass to the markets, brethren, I confess that I honorably opened my ass to the markets yesterday and they did not hesitate to give me a resounding smack. Alas I will continue to trade my TFT account even though I have been disqualified, I will focus on making back all the losses I made by the end of the month with strict risk management, hence I have decided not to risk more than 0.5% per trade. To my fellow noobs on this thread, honestly risk management and discipline is the holy grail of trading. I don't care whatever strategy you are using to trade, if you don't have strict risk management and discipline, you're is just a few moments away from being wrecked.
Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all. First observation Go and charge ur phone 1 Like |
Re: Forex Trade Alerts: Season 23 by samfelly: 9:19am On Sep 08, 2023 |
OfficialP: Am in severe pain this morning, I took some trades yesterdayz left it overnight, the spread widened and daily drawdown was breached. It was all my fault, I over leveraged the account in a bid to recover earlier loss. I failed myself and missed an opportunity.
@PraiseGod I am sorry, I have learnt again in a hard way.
I pray God favors me again with another opportunity in His infinite mercies.
Am sorry, I let myself down and betrayed the trust. Sorry, boss. Na this below account you updated on the other time got hit so? By the way, how many percent be the phase 1 target, sir? OfficialP: I have a lot to say, but without evidence it will make no sense.
By Gods I will be dropping weekly updates as one of the competition equirements
I have also decided to drop updates on the challenge account I was gifted
Last two weeks I was almost through with phase 1 before something happened, but that's part of the scars that's makes a star.
. May September be good to everyone of us.
Happy New month @ all
|
Re: Forex Trade Alerts: Season 23 by coolvibes: 9:20am On Sep 08, 2023 |
samfelly:
Yes, FTA unanimously agreed that I should lock it after some days to discourage double accounts registrations
Oya, wetin be your TFT username, sir? e never change o, still d same name as b4 Propmoney111 |
Re: Forex Trade Alerts: Season 23 by samfelly: 9:22am On Sep 08, 2023 |
Ibrahimlagosian: Well,i can dash you my TFT and funded next comp account,i haven't placed any trade on them yet,if you're interested,let have a deal ππ Ibrahimlagosian, you must be dreaming, cos it is not possible in reality, sir |
Re: Forex Trade Alerts: Season 23 by samfelly: 9:23am On Sep 08, 2023 |
coolvibes:
e never change o, still d same name as b4
Propmoney111 Good |
Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 9:24am On Sep 08, 2023 |
yes .i remebered one of their rule,you can't have two comp account on the same IP address,but if it was possible.i would dash him the accounts samfelly:
ππ Ibrahimlagosian, you must be dreaming, cos it is not possible in reality, sir |
Re: Forex Trade Alerts: Season 23 by samfelly: 9:34am On Sep 08, 2023 |
2pep: Finally I've lost my mffx 5k account. Just seeing this. Sorry, boss. At what phase did that happened? |
Re: Forex Trade Alerts: Season 23 by samfelly: 9:36am On Sep 08, 2023 |
Ibrahimlagosian: yes .i remebered one of their rule,you can't have two comp account on the same IP address,but if it was possible.i would dash him the accounts . . . except he uses a new sim card to provide data connection |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 9:42am On Sep 08, 2023 |
2pep: Finally I've lost my mffx 5k account. sorry bro this is a learning curve for you,, just have to bounce back stronger.. I remember just recently when I lost mine, trading isnt easy, but if you giveup na there you fuckup |
Re: Forex Trade Alerts: Season 23 by rhynoemmie(m): 9:42am On Sep 08, 2023 |
Davigle: I got disqualified from the TFT competition yesterday due to my irresponsible behavior by breaching the daily drawdown rule. π³, honestly I have been in severe to trade the news yesterday, although I was bullish on the USD and bearish on my specific markets I trade (EU, GU, gold and US30), I was anticipating the news to favor the USD of which it did. As soon as the news was released, I shorted GU, gold and US30, boy o boy, price y submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all. I thought you traded just EU & GU. Where did gold and us30 fall out from.. 1 Like |
Re: Forex Trade Alerts: Season 23 by rhynoemmie(m): 9:44am On Sep 08, 2023 |
OfficialP: Am in severe pain this morning, I took some trades yesterdayz left it overnight, the spread widened and daily drawdown was breached. It was all my fault, I over leveraged the account in a bid to recover earlier loss. I failed myself and missed an opportunity.
P@raiseGod I am sorry, I have learnt again in a hard way.
I pray God favors me again with another opportunity in His infinite mercies.
Am sorry, I let myself down and betrayed the trust. Sorry about this bro. Don't let this loss be in vain and don't brush it off as a "lesson learned, we move" kind of situation. |
Re: Forex Trade Alerts: Season 23 by DXYY: 9:45am On Sep 08, 2023 |
OfficialP: Am in severe pain this morning, I took some trades yesterdayz left it overnight, the spread widened and daily drawdown was breached. It was all my fault, I over leveraged the account in a bid to recover earlier loss. I failed myself and missed an opportunity.
P@raiseGod I am sorry, I have learnt again in a hard way.
I pray God favors me again with another opportunity in His infinite mercies.
Am sorry, I let myself down and betrayed the trust. Sorry to hear this boss, keep learning and growing |
Re: Forex Trade Alerts: Season 23 by realone12(m): 9:48am On Sep 08, 2023 |
OfficialP: Am in severe pain this morning, I took some trades yesterdayz left it overnight, the spread widened and daily drawdown was breached. It was all my fault, I over leveraged the account in a bid to recover earlier loss. I failed myself and missed an opportunity.
P@raiseGod I am sorry, I have learnt again in a hard way.
I pray God favors me again with another opportunity in His infinite mercies.
Am sorry, I let myself down and betrayed the trust. so sorry to hear this boss.u understand how you feel right now. you are already a good trader, your emotion is all you have to work on.. you will come back stronger |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 9:53am On Sep 08, 2023 |
wuyexzy01:
Stubborn thing tanked so hard. Moved my S.L backwards (not a good thing tho). Maybe we can see the pair fly high today one thing I pride myself in is that I never move my stoploss backwards,,,, make market hit am back to back 100 times, I will never ever move it, except to move it forward in breakeven or profits. ie why I was advocating having a gamblers mindset,,, If I bet N100 for a straight win for Nigeria against Sao Tome and Nigeria is losing. you will never catch a gambler increasing his bet only FX traders do that because they believe in so called analysis,,, 1 Like |
Re: Forex Trade Alerts: Season 23 by dmahn(m): 9:58am On Sep 08, 2023 |
wuyexzy01:
Stubborn thing tanked so hard. Moved my S.L backwards (not a good thing tho). Maybe we can see the pair fly high today Una still dey shift SL ... Guyπ€.... There is real fire on the mountain.. That's the most terrible trading habit. |
Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 9:58am On Sep 08, 2023 |
If he can do so,let him do it right away samfelly:
. . . except he uses a new sim card to provide data connection |
Re: Forex Trade Alerts: Season 23 by 2pep(m): 10:03am On Sep 08, 2023 |
samfelly:
Just seeing this. Sorry, boss. At what phase did that happened? I passed the first phase but failed the second phase |
Re: Forex Trade Alerts: Season 23 by 2pep(m): 10:05am On Sep 08, 2023 |
Emmizay12:
sorry bro this is a learning curve for you,, just have to bounce back stronger..
I remember just recently when I lost mine, trading isnt easy, but if you giveup na there you fuckup Yeah it's harder than I thought |
Re: Forex Trade Alerts: Season 23 by charly20(m): 10:14am On Sep 08, 2023 |
Davigle: I got disqualified from the TFT competition yesterday due to my irresponsible behavior by breaching the daily drawdown rule. π³, honestly I have been in severe pains since yesterday because I had high hopes and expectations of myself in this competition only to be cut short by my indiscipline. once again I broke my rules of not trading out of my session because I taught I saw a really tempting setup, and I lost. . . . Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all. The bolded sounds like something I read somewhere on this community. Sha allow the redness from the smack to heal before you put your arse again. I'm certain you'll offer your arse a couple of times before you decide you've had enough . Be well, my man. No be only you dey battle your inner self for this movement. 1 Like |
Re: Forex Trade Alerts: Season 23 by charly20(m): 10:19am On Sep 08, 2023 |
charly20: "I saw a tempting setup I couldn't pass up on"
Na why you go burn account. The setup that was too tempting to pass up on may have gone your way this time. Next time, it may smoke your ass.
Once you don reach maximum loss for that trading period, go outside and feel grass or carry iron or cook beans or smoke your Igbo or do anything that keeps you away from the charts till the end of the day/week/month.
Dem dey discipline dogs for K9 unit come remain human beings. |
Re: Forex Trade Alerts: Season 23 by Puremark(m): 10:22am On Sep 08, 2023 |
I open buy order.on gbpusd since Wednesday till now it has not reached my tp.omo I won give up ooo.forex don show me shege |
Re: Forex Trade Alerts: Season 23 by charly20(m): 10:23am On Sep 08, 2023 |
This one I dey see "lost account, lost account" everywhere from my bosses.
God abeg π€²π½ 2 Likes |
Re: Forex Trade Alerts: Season 23 by Fibonacci88: 10:24am On Sep 08, 2023 |
Davigle: I got disqualified from the TFT competition
Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all. Nobody will tongue lash u it's part of the learning curve. Even those who are seeing small profits in this business still battle with emotions and discipline. We are humans hence emotions must be there. Controlling it is what separates a profitable trader from a serial acc blower. I posted on Wednesday that I was done trading for the week cos I had met my personal set profit target. I was supposed to uninstall my mt5 cos but for some reason I didn't cos I thought I could start trading my fundednext acc when I get the credentials. Guess what, yesterday I dey office dey work jejely na so I stroll enter trading view, as usual u must see wetin u dey find. I saw opportunity on EurAud and gold which alligned with my weekly biase. Naso I enter. Entering the trade was not a bad idea but I found out that all through my trading yesterday I didn't want to go below what I had the previous day. I started revenge trading. I ended up taking over 20 trades yesterday. Me that don't take more than 2 trades in a day. Na God save me I ended up with just $20 profit after commission. The bottom line is it's discipline that helps one keep emotions in check. In all these different positions I was opening even if they were outside my trading style, non of them was up to 1% of my drawdown limit. Risk management helps u survive a bad day. In ur next adventure, if daily loss limit is 5% don't exceed 3% daily. And if ur acc gets to 5% overall drawdown take a break for few days. Have tried it severally and it works. Learn from ur mistake and come back stronger. 9 Likes |
Re: Forex Trade Alerts: Season 23 by TradingGod: 10:27am On Sep 08, 2023 |
OfficialP: Am in severe pain this morning, I took some trades yesterdayz left it overnight, the spread widened and daily drawdown was breached. It was all my fault, I over leveraged the account in a bid to recover earlier loss. I failed myself and missed an opportunity.
P@raiseGod I am sorry, I have learnt again in a hard way.
I pray God favors me again with another opportunity in His infinite mercies.
Am sorry, I let myself down and betrayed the trust. Sorry to hear that Take a time out and learn from your mistakes and become the best trader the world has ever seen You got it in you champ π |
Re: Forex Trade Alerts: Season 23 by TradingGod: 10:37am On Sep 08, 2023 |
Kaybee7000:
First observation Go and charge ur phone |
Re: Forex Trade Alerts: Season 23 by rainlover(m): 10:37am On Sep 08, 2023 |
Kaybee7000:
First observation Go and charge ur phone chaiπΈπΈ this baba don first me talk my mind πΉ |
Re: Forex Trade Alerts: Season 23 by rainlover(m): 10:41am On Sep 08, 2023 |
π¨ this week though o. Chaii.. men collect wotowoto but victory is guaranteed at last β |
Re: Forex Trade Alerts: Season 23 by Lanshile(m): 10:43am On Sep 08, 2023 |
When you fail propfirm don't deceive yourself it is your emotion you have to work on just admit you have a lot to work on After I lost my 2 prop account the fact that I admit I have a lot of work to do and a lot to learn brought a lot of improvement to me It is painful to lose an account but you will come back stronger 2pep and officialp you will come back stronger just put in a lot of work Use the monthly TFT Competition to be building yourself or FTMO trial to trade following all your rules against the propfirm rules and go through all the losses you made in your challenge account and see where you made the wrong decision and where you can improve By fire by force and with hardwork and dedication we will get there 3 Likes |
Re: Forex Trade Alerts: Season 23 by rainlover(m): 10:44am On Sep 08, 2023 |
Davigle:
Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all. Who wan lash you ni? When market don humble the everybody this week 1 Like |
Re: Forex Trade Alerts: Season 23 by 2pep(m): 10:48am On Sep 08, 2023 |
1 Like |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 10:52am On Sep 08, 2023 |
I keep saying this,
having a gamblers mindset will put your trading game into a very good perspective.. when you tell people that this thing is Gambling they think gambling is all about taking uncalculated risks..........there are thousands of people through out history that have attempted to beat gambling games through mathematics,
gambling=unknown outcomes= probability= maths
same as Forex Trading
understanding this whole thing is pure mathematics will fix your emotion and psychology issues in trading, emotions can't solve maths, only formulas can solve maths
what do you think discipline, consistency, following strategy, accepting losses try to achieve,, it tries to make you follow a formula that can solve the probability problem that forex is, nothing more or less
you believe in analysis, you believe in setups, you believe you have control of your wins because you can do technical or fundamental analysis
hahahaha that is the lie you have been told trading =gambling
you cannot control any f***king outcome the moment you believe you can, you will overleveage, revenge trade, shift stoploss backwards, overtrade, place too much emphasis on every individual trade. believe a setup is too good to fail
in gambling you fully accept any and every loss once you stake games, sport gamblers are better risk managers,, cos they will stake 10 games with 100ngn and try to cashout 5k, that's a very good risk to reward, even though it's laughable.
bring the mindset and approach of a gambler to forex and let probability do it's magic 5 Likes |