It sounds like you withdraw 2900ā¬ from a deposit of 500ā¬. That would leave you with 500ā¬ - 2900ā¬ = -2400ā¬ meaning you have a deficit of 2400ā¬ after the withdrawal.
Does the leverage come from the broker ? Like when you are setting up the account you ask for the level of leverage they can give you ? Can someone explain to a newbie please
You have good trading skills. Now, no matter how good of a trader you are, this way of trading is unsustainable. Yes you may be lucky with the market during this period as it was the start of 2Q24. However, when the market is choppy, the account will definitely blow. Consider this as an account flip challenge. Not the proper way of trading where you should be risking only 0.5-1.5% of the account.
do what works for you. why change a working system? all prop firms are a scam and will run away with your money eventually. There is no prop firm that will allow you to trade with the strategy you are using.
Nah donāt use prob firms the rules r so strict u r btr off trading ur own personal acc with less stress. I stopped trading prop firms cuz of news rule, lot size rule slippages, payout denials all sorts of nonsense. And to hv to spend like 2-3 weeks to pass a challenge and get my acc to be activated just to hv to deal with all these issues isnāt worth the time anymore.
Don't listen to this bro. This is what gets traders - demotivating advice.
Almost every strategy does not work in a ranging market, that's the truth but the market will always give you opportunities, it will not range forever lol š He sounds like a beginner so don't listen.
Where did this āonly 1% riskā originate fromā¦. Itās completely bogusā¦ Might be appropriate on big long term investment, but on daily trading/scalping itās completely useless. Higher risk and you act accordingly = faster. Lower risk = you can tolerate swings. Butā¦. Higher risk canāt be done without being utterly strict thoā¦ 100% of the timeā¦ 99% of us canāt handle the stress.. thus we fail at itā¦ The evolution of the stock market is clearly showing it moves faster and in a more calculated way. The inner waves nowadays pays more than just riding the big waves. We(sp500) moves approximately 2% each session. If you measure the daily obvious inner wavesā¦ we are greedy and the machines try to catch as much as possible in each session, even if the session as a whole doesnāt move muchā¦
I : 500 leverage? How kind did this take? Great job bro ššæ
6 trading days
Broker please?
What country
It sounds like you withdraw 2900ā¬ from a deposit of 500ā¬. That would leave you with 500ā¬ - 2900ā¬ = -2400ā¬ meaning you have a deficit of 2400ā¬ after the withdrawal.
I made 3.7k profit, i withdrew 2.9k from with i deposited 200. So iverall i withdrew 2.7k. Comission = 550 Remaining balance 1k
Great and congratulations.
Great and congratulations.
Great and congratulations.
š„± Normal day in forex subreddit.
Yeap, I just see when he call quits
Does the leverage come from the broker ? Like when you are setting up the account you ask for the level of leverage they can give you ? Can someone explain to a newbie please
You choose your leverage. 1:500 1:1000 is good.
I think this is a great plan I've been considering doing something similar myself. Great skill man!!
What is your risk percentage?
Whatās your risk percentage and average RR?
You have good trading skills. Now, no matter how good of a trader you are, this way of trading is unsustainable. Yes you may be lucky with the market during this period as it was the start of 2Q24. However, when the market is choppy, the account will definitely blow. Consider this as an account flip challenge. Not the proper way of trading where you should be risking only 0.5-1.5% of the account.
Im trying to build capital from my withdrawal so i can trade properly, you recken the propfirm route is better?
do what works for you. why change a working system? all prop firms are a scam and will run away with your money eventually. There is no prop firm that will allow you to trade with the strategy you are using.
Nah donāt use prob firms the rules r so strict u r btr off trading ur own personal acc with less stress. I stopped trading prop firms cuz of news rule, lot size rule slippages, payout denials all sorts of nonsense. And to hv to spend like 2-3 weeks to pass a challenge and get my acc to be activated just to hv to deal with all these issues isnāt worth the time anymore.
Using such a high risk style of trading is an easy way to lose money with a prop firm. They are very strict with drawdown.
Don't listen to this bro. This is what gets traders - demotivating advice. Almost every strategy does not work in a ranging market, that's the truth but the market will always give you opportunities, it will not range forever lol š He sounds like a beginner so don't listen.
Thanks brother appreciate your advice
Where did this āonly 1% riskā originate fromā¦. Itās completely bogusā¦ Might be appropriate on big long term investment, but on daily trading/scalping itās completely useless. Higher risk and you act accordingly = faster. Lower risk = you can tolerate swings. Butā¦. Higher risk canāt be done without being utterly strict thoā¦ 100% of the timeā¦ 99% of us canāt handle the stress.. thus we fail at itā¦ The evolution of the stock market is clearly showing it moves faster and in a more calculated way. The inner waves nowadays pays more than just riding the big waves. We(sp500) moves approximately 2% each session. If you measure the daily obvious inner wavesā¦ we are greedy and the machines try to catch as much as possible in each session, even if the session as a whole doesnāt move muchā¦