NewStats: 3,259,443 , 8,170,126 topics. Date: Sunday, 25 May 2025 at 02:46 AM 6a3gq6z3e3g |
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Weekend giveaways won from Discord. Do they payout? Will I even get funded? Stay tuned. 1 Like |
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Davigle:Nice call top g. |
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G30fx:I have my eyes set on 18083 before buys come in.
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5th (and final) FundedNext trial done, now I’m ready for the real challenge. Couldn’t resist not taking US30 after painstakingly skipping out of NDX100 ![]() Nice 2% buffer for GU and EU next week. 2 Likes |
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Cashhy11: And beneath your post, you were preaching about risk management? That's ironic!2 trades per day with each presenting my setup on H4/H1 timeframes and then confirmation on M15/M5 are all I need. You lose 2 and win 1, you’re down -1% I lose 2 and win 1, I’m up +1% Who’s ironic now? Anyone with a 1:3rr will definitely have a lower win rate compared to if the person was running 1:1 Again, you’re less informed. Even if you have a 100% win rate risking 1% over 10 trades on a $10k challenge, you’d make a $1000. I only need 4 trades (and I’d have $200 as a nice bonus). There’s no rule that has me losing the first 4 trades too. You could also lose your first four. Points are - you’re a price sniper sergeant with precise entries and exits but I still made more money. - you’re more profitable by data and records with 100% but I still made more money. - you time travel effectively and efficiently to know future market direction but guess what? I still made more money. Risking 1% of your on a low winning rate strategy is a bad money management skill. You say so because you have a suboptimal strategy for a 1% risk. It’s so wrong that even a 30% win rate doesn’t make you profitable hence “it’s bad money management”. You do 1:1RR so you need to be right 6 times just to make 1% and that’s honestly fine. It’s still profit. 2 trades per day doesn’t even put me at risk of breaching the daily drawdown and I definitely don’t plan on being wrong 8-10 times to hit the max 8-10% limit. If you’re a very conservative trader, again, that’s fine. I prefer to be a tad aggressive with challenges, get funded and then scale down to 0.5% - giving me my refund to purchase another challenge sooner, than to risk 0.25% with more exposure to my emotions and mentals to the phase 1 alone. Using 1:3: 1% risk for 3% return = 3 trades to get to 8% profit target 0.25% risk for 0.75% return = 12 trades to get to 8% profit target I’ll be getting my first payout by the time you receive your phase 2 credentials lol. Again, I’m not saying my approach is right or your approach isn’t wrong either. We’re getting the same USD, that’s all that matters. What I am saying however is that my “low winning rate and bad money management” approach would always make me more money than you in a game of probabilities. 3 Likes |
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Cashhy11:They call it the probability game for a reason. The goal is to make money, not be right. A person that fails 7 trades out of 10 would still be up +2% at the end of the trading month on a strict 1:3RR. That’s still a decent sum monthly on a $10k . Again, trade management, risk management and optimal trading system. The probabilities would stack up in your favour over time with good capital. 1 Like 1 Share |
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Donsheddy:Spot on. Others confluences to the sell of EU and GU were market at zone, Asian highs being taken out so the lows were next and DXY looking for buy side liquidity. |
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Cashhy11:Donsheddy is right. News only brings in volatility. News can change direction to anywhere even though technicals is screaming the opposite. Lol no. With few exceptions (nobody owns the market after all), any trade where the market goes the opposite direction to your bias was probably a less informed decision. Again, as Donsheddy said, go back to the charts and study the moves. The big spikes in both directions seldomly happen. If News is fuelling market to do what it wants to do, why are majority losing then? They are less informed, it’s that simple. A common SMC mantra is if you can’t spot the liquidity then you’re the liquidity. That’s why we get spikes to take out the early birds (also known as inducement) Factors that cause majority to lose are mostly the trader’s fault. Common examples are forcing trade setups, not checking the HTF to get the bigger picture, overleveraging, running after price after the impulse move and not putting their SLs at invalidation areas. I was almost a victim of the last factor today - FUD would have made me execute a 1:5 RR (image 1) that should have been a sweet 1:3 RR (image 2). I stayed out altogether though since I didn’t want to get slipped by the broker. This brings me to reason beyond the trader’s control - slippage from the broker causing SLs to be hit by spread or orders to be executed at the wrong price.
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Davigle:I suggest you use FundedNext Free Trial s moving forward instead of demo or diving into live trading. That way you’re still conditioning your system for a challenge. What has worked for me so far is actively practicing discipline (the hardest part of this game). Everyone keeps saying “psychology is bad” but it’s really discipline - entries, exits, breaking even, staying out of low quality setups. Let’s call this trade management. ———————- Journaling also helped me. You can find templates online. Journaling is boring, i don’t like it. Yet, the black magic in religiously keeping a journal is that it would force you to focus on trading less. Imagine repeat same thing over and over again 5 times at the end of the day - then you start postponing and before you know you stop altogether. Now you have no data to work with so you can spot areas of weakness. For a start, review your forexfactory explorer data, maybe a session isn’t for your style or trading pair isn’t your thing or your RR is optimal at 1:2 and not 1:3. Another thing that helped me is keeping a random journal on telegram. I created a group and just send messages to myself there of my thoughts during trades, my emotions too. Literally anything you’re going through, note it down so you can go back to it - you’ll see the root of your problem and how it has branched out into other bad habits you’ve built up. ——————————- Planning my RR before taking the first trade on any challenge was also another factor for me. I figured that I’m a fan of taking too long to challenges. I found my sweet spot to be 0.5% until I’m 1% up then I stick to 1% risk. If I’m in drawdown, I still stick to 0.5%. To help with still sticking to the daily drawdown rules, it’s a max of 2 losing trades a day (for a total of 3). I know this but is it hard to stick to? Discipline is very hard but I have seen that it has drastically helped reduced breaching of the trials. ————————— If you’ve gotten so far and you’re still breaching your trials then it could be your very foundation of trading itself - you don’t have an optimal working system or an edge. Note that I didn’t say it doesn’t work. For this one, I decided to go the lazy way of sticking to the one setup I could understand out of the many SMC models. That’s the only pattern I trade. Doing that I was able to narrow it down that if I still took a loss, it largely because - I was trading against the trend - my setup wasn’t complete but I entered any way - wrong lot size ————— Writing this feels like I’m talking to myself lol. I didn’t plan typing out this long but it was a familiar pain. I might have missed some things but that’s all I can think of now rn. THE THREE MUSKETEERS Trade management - Risk management- Optimal trading system. Source: I’ve failed about 6 trials so far since I started in February I think but I’ve also being able to 4. A lot of mistakes, unlearning and relearning were made in the beginning but now, failing any challenge is 1000% indiscipline on my part. Trials are still demo s so I took the step and got on a real challenge again. See you at the top Davigle 🥂 3 Likes |
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Geovanni412:You’re risking $5 on a $5k ? It’ll take you ages to scale the evaluation phases. |
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EASYLIFE4US:I should be thanking you for your contribution to my TP but I’m not liking the price action. Closed.
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Davigle:Interested. |
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24hrUplift:Lmaooo. Sniper SL. Good old days 😂 1 Like |
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randy01:Just went through your “journal” and first, I commend you on your efforts so far. You’ve really improved. Risk management, psychology and TA - you’re almost there. What got my attention to comment was the mentorship you got it in. Jayden is good with clean trade breakdowns (the knowledge you’ve gained so far should be speaking for itself already) and you’re getting your money’s worth. If you’re active on FX NG Twitter, you should also know he learnt from Kelvin Talent, who’s also good at what he does. I’m in Kelvin’s NIKHIL mentorship rn and I know how far I’ve come in just 2 months with no solid FX experience so I’m here to assure you that you’re in good hands. As for your frustrations on why the market gives you profits only to reverse straight to your SL before moving as intended to your TP - it’s because you are less informed. My two cents? Classes have started so take a break. Unlearn and relearn everything you know. Pay special attention to the liquidity and inducement sessions - the little frustration I mentioned above would vanish. Another suggestion would be your entries. My guess is you still enter aggressively without confirmation. A month gone so you’ll probably cover those sessions in a bit if you’ve not done so already in the mentorship but one thing I know for sure is that you’ll be a more informed trader by next month. Trust the process. Looking forward to more updates on your. 🥂 |
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Jameselias:Word. Get small $$ and get a prop with a reputable brand. Might be a tad expensive but peace of mind is . Logically speaking, if props make profits from challenge fees, why should they payout on s obtained with mere points? Just like Gabson’s drama with the Infinity prop firm (even after due diligence), you’d run into one hidden rule or other BS to deny your payout - and they absolutely have all rights to. “Easy come, easy go” 2 Likes 1 Share |
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samfelly:Dont waste your time chief. Word on the street is that they’re currently moving like TFT. Discounts and promos ongoing while delaying payouts. 2 Likes 2 Shares |
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LincolnOnyeabor:Create an with Forex Factory. On your profile, you’ll see a Trade Explorer section where you can connect your trading (s). 3 Likes 1 Share |
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Davigled: Great idea on the trade explorer. 2 Likes 1 Share |
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The violations were due to my excitement I guess. Opening positions without SL because I was soo close to TP and UJ kept taunting me. Confirmed. Done for the week. 3 Likes 1 Share |
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How much for original Tecno Camon 11 screen?
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paskal16:your |
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paskal16:location? |
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Please this keeps happening anytime after like 2 weeks if I use my MTN sim with chip. Calls and text still work fine but I can’t use the internet again. This is the third chip it’s happening with. Any suggestions? Or I should just give up and use other networks?
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I want to get mksd ultra v5.3 chip. How much is it?
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randomShek:Anyone please? |
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Can anyone tell me which is better between a chip unlock iPhone 12 Pro and a factory unlock iPhone 11 Pro? I’ve used chip before with 6s but I don’t know how much it has changed in of restriction asides that I can’t remove sim.
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Which has a better sound output please: s37L or s39?
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duduade:How much to downgrade back? |
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2023
5 Likes |
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iPhone X iCloud locked available Everything was fully functional till I updated iOS
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iPhone X iCloud locked available Everything was functioning till I updated iOS
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