Cashhy11:
Bought GbpUsd, man has been ranging ever since. Let's see how this goes. Taking profit at any slight reversal pattern. It's not moving with EU, so I've got to be cautious with this.

Cashhy11:
Took early morning loss on Gold. US30 sell limit. Let's see how this goes. 1:2rr as usual.

Petah:
FOLLOWING OUR OWN SET RULES IS REALLY CHALLENGING IN THIS FX BUSINESS. ESPECIALLY WHEN BILLS ARE WAVING AT YOU.
THE MOMENT WE CAN STICK TO OUR PLAN WITH DEFINITE DISCIPLINE THE BETTER WE GET.

FOR ME, THE MISTAKE THAT HAVE COST ME MOST IS NOT HAVING A SPECIFICIED RR PER TRADE AND TAKING TOO MANY TRADES PER DAY.

IN ORDER TO FACILITATE MY COMMITMENT, I AM POSTING THIS WITH THE THOUGHT THAT PEOPLE WILL HOLD ME ACCOUNTABLE IF I BREAK MY RULES.

THIS IS MY TRADING PLAN FOR THIS WEEK.

[b]1. LONDON SESSION ONLY. (SO HELP ME GOD)
2. FIXED R;R 1:3
3. ONE TRADE PER DAY
4. ONLY EURUSD
5. LOTSIZE 0.10

Petah:
READJUSTED AFTER CONSIDERING THE SUGGESTION OF THE BOSSES IN THE HOUSE

Cashhy11:
NzdUsd buy limit.

Cashhy11:
This got invalidated, so I cancelled it. EU buy limit set. Let's see.

Cashhy11:
NzdUsd sell limit set. 1:2rr as usual.

Donsheddy:
Say No to gambling, SAy no to overtrading....

Frustration brought out the spirit in me and i almost paid for it....

Donsheddy:
Say No to gambling, SAy no to overtrading....

Frustration brought out the spirit in me and i almost paid for it....

samfelly:


It's so overwhelming that you have no choice but to let out the beast, FOR ONCE

EASYLIFE4US:

Borrowing the 500 USD is going to be very hard but even if you succeed, the harder part is making 10% without losing half or blowing the account. Unless you have a bulletproof entry strategy that will help you hit that 10% profit target.

dmahn:
Oya let's argue this out constructively guys. 8 losses in a roll a normal loosing streak or a bad trading system ?.... As for me I will say the trading systems needs to be reviewed and modified.. 8 looses in a roll is a bad trading system... Now question 2 is how long are we supposed to consider a loosing streak to be normal.. As for me I will say 3 and max of 4...

I will appreciate your opinion as well sirs

Donsheddy:


After hiding it for months...
I no go try that rubbish again.....

Cashhy11:
Closing this manually once price can't break this for the second time, and we call it a day. I will be needing just $24 to complete my phase 2 if this reaches its full TP. All thanks to all the 4diffeent missed trades today, and the Gold lost trade. Man should have been live funded as we speak. 🙏

samfelly:


Which prop firm's account and what is the account size, zaddy?

GabsonFX2:
The number 8 is relative, 3 or 4 are also relative, why not 1 loss, why not 10, why not 20 losses. In engineering, we use the word normalization, meaning, I may require 10 losses to win 1 or 2 trades and still make profits; others may require 3 losses to make profits.

What you should focus on is the answer to the question: how many losses would my account require to be blown?

Day traders may be able to stomach 10losses in a row, but not a swing or position trader. In addition, a position trader may still be able to stomach 10 losses anyways if he would not mind waiting 2years. This again balls down to the question above.

peteregwu:
On UKOIL (BRENT), selling with just small position, Risky trade.

peteregwu:
On USDJPY, I am going short with small position. Risky trade