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  • #49,581
  • Jun 23, 2025 11:02am Jun 23, 2025 11:02am
One more trade to close the month..
Still far away from the first payout (Tradeify), but with a little bit of luck next month ( at the end) i will be close..
PS: thank you guys for recommendation, the hardest part was getting used to tradervote, but i used monty strategy ( using TV or metatrader) and only opening the trades in tradervote
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...I Bet You Ain't Never Seen A Donkey Fly!
  • #49,582
  • Jun 23, 2025 11:50am Jun 23, 2025 11:50am
Quoting navk
{quote} My theory of trading ( The price will not go against me by 500 pips in GU ) will not be accepted by many even gurus. I am just trying out. Would want to stop giving stop losses to broker.
So you DCA till -500 or if technical breaks you accept stop loss or hedge for reversal.
Intraday basis yes it is difficult to go but on weekly it is possible.
  • #49,583
  • Edited 9:15pm Jun 23, 2025 12:18pm | Edited 9:15pm
Quoting sampat
{quote} So you DCA till -500 or if technical breaks you accept stop loss or hedge for reversal. Intraday basis yes it is difficult to go but on weekly it is possible.
I do DCA until my lot size is done. 5k account, 1 standard lot.

Mostly on intra day basis i take profit.

If my entry is not fairly accourate it might take longer time, but..to me no.
Intraday only.
  • #49,584
  • Jun 23, 2025 4:35pm Jun 23, 2025 4:35pm
Too good day today
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Intraday only.
  • #49,585
  • Jun 23, 2025 9:19pm Jun 23, 2025 9:19pm
Quoting dilidanjaro
One more trade to close the month.. Still far away from the first payout (Tradeify), but with a little bit of luck next month ( at the end) i will be close.. PS: thank you guys for recommendation, the hardest part was getting used to tradervote, but i used monty strategy ( using TV or metatrader) and only opening the trades in tradervote {image}
tradovate is good but projectx is even better if you use multiple browser tabs for different firms... its faster and have better bracket order settings when copying trades between accounts...
Extreme gut feeling trader
  • #49,586
  • Jun 24, 2025 1:27am Jun 24, 2025 1:27am
Quoting montygoldy
{quote} tradovate is good but projectx is even better if you use multiple browser tabs for different firms... its faster and have better bracket order settings when copying trades between accounts...
What happened to your 20 Apex accounts? No update?
  • #49,587
  • Jun 24, 2025 1:42am Jun 24, 2025 1:42am
Quoting Olarion1975
{quote} What happened to your 20 Apex accounts? No update?
Still working on them.....

currently at 1800$ drawdown.... 2 days abck to back 600$ loss (kept on buying).....

Currently treating them as personal account so not trading this week... as its look like bear week on gold.. and i am a buyer....
Extreme gut feeling trader
  • #49,588
  • Jun 24, 2025 2:03am Jun 24, 2025 2:03am
Quoting navk
{quote} I do DCA until my lot size is done. 5k account, 1 standard lot. Mostly on intra day basis i take profit. If my entry is not fairly accourate it might take longer time, but..to me no.

great results, congratulations!

do you actually work with breakeven stops like hoda, for example, or don't you think much of it?
trading is like dancing, don't think and just listen to the music!
  • #49,589
  • Jun 24, 2025 2:39am Jun 24, 2025 2:39am
Quoting birdland
{quote} great results, congratulations! do you actually work with breakeven stops like hoda, for example, or don't you think much of it?
In general all these days, never happened.

But.. let us see.

My point is to work on lot size. Fixed lot size. 1 lot for 5 k account.

Should not encounter bigger proglem on a longer run
Intraday only.
  • #49,590
  • Jun 24, 2025 3:24am Jun 24, 2025 3:24am
Quoting navk
{quote} In general all these days, never happened. But.. let us see. My point is to work on lot size. Fixed lot size. 1 lot for 5 k account. Should not encounter bigger proglem on a longer run
i understand, thx.

after many years of trading forex only i have similar insights as far as the lotsize is concerned.
trading is like dancing, don't think and just listen to the music!
  • #49,591
  • Jun 24, 2025 3:38am Jun 24, 2025 3:38am
Quoting navk
{quote} In general all these days, never happened. But.. let us see. My point is to work on lot size. Fixed lot size. 1 lot for 5 k account. Should not encounter bigger proglem on a longer run
When using DCA (Dollar-Cost Averaging), how do you space out your trades?
Success = Practice + Patience + Persistence
  • #49,592
  • Jun 24, 2025 5:32am Jun 24, 2025 5:32am
Quoting navk
Too good day today {image}
You milking lot of money by doing scalping aka active trading!
How you doing it over & over again?
How you able to know the moves of the market?
Where to cut? Where to hold?
When to enter? When to wait after cutting?
  • #49,593
  • Jun 24, 2025 7:26am Jun 24, 2025 7:26am
Quoting fxpider
{quote} When using DCA (Dollar-Cost Averaging), how do you space out your trades?
spacing out is not so important. Lot size is important.
Intraday only.
  • #49,594
  • Edited 7:54am Jun 24, 2025 7:30am | Edited 7:54am
[quote=genuine007;15287580]{quote} You milking lot of money by doing scalping aka active trading! How you doing it over & over again? How you able to know the moves of the market? Where to cut? Where to hold? When to enter? When to wait after cutting?[/quot
to trade futures in prop account, very high skill is needed.

What i post is not going to give you any insight. Neither any body's post here.

I would suggest you to open a FX demo with 500 dollar capital and start earning small money, say 10 dollar a day.

Onething you must know, by trading small lots, you will never loose your account.

It will do lots of good to your confidence.

People loose private account due to :

1) Irrelevant lot size
2) want to make 100 dollar out of 500 account by trading 1 lot
3) Accurate entry is next to impossible but fair entry price is possible

People here misunderstand that my stop loss is 500 pips. lol

A clear understanding is needed in this... my trade going against me by 500 pips is minimal to nil..
Intraday only.
  • #49,595
  • Jun 24, 2025 8:47am Jun 24, 2025 8:47am
Quoting navk
I would suggest you to open a FX demo with 500 dollar capital and start earning small money, say 10 dollar a day. A clear understanding is needed in this... my trade going against me by 500 pips is minimal to nil..
What lot size do you suggest on a $500 account?
What happens if you cannot make your profit before the end of the day? Close the trade or carry?
  • #49,596
  • Jun 24, 2025 9:13am Jun 24, 2025 9:13am
Quoting Verde
{quote} What lot size do you suggest on a $500 account? What happens if you cannot make your profit before the end of the day? Close the trade or carry?
for 500 account, i choose 0.1 lot on gbpusd spot.

My trading entry is somehwat accurate but not very accurate. ( I assume this, because, one can not take accurate entry for ever !! )

If i do not capture 20 pips in a day, i leave it open and rely on theory ( my trade will not go against me by 500 pips )

Assuming that out of 20 days in a month, if i capture 20 pips in 10 days

10x 20 pips
Balance 10 days, i do not have to earn but if i come out of trade, break even , i am happy.
Intraday only.
  • #49,597
  • Jun 24, 2025 9:54am Jun 24, 2025 9:54am
Quoting navk
{quote} for 500 account, i choose 0.1 lot on gbpusd spot. My trading entry is somehwat accurate but not very accurate. ( I assume this, because, one can not take accurate entry for ever !! ) If i do not capture 20 pips in a day, i leave it open and rely on theory ( my trade will not go against me by 500 pips ) Assuming that out of 20 days in a month, if i capture 20 pips in 10 days 10x 20 pips Balance 10 days, i do not have to earn but if i come out of trade, break even , i am happy.
A trade going against by 500 pips is definitely difficult.

The key number here is how much to average down by if the trade goes wrong.

At what point do you make a 2nd or 3rd entry? Adding 1 mini lot at every -100 pips or some other figure?
  • #49,598
  • Jun 24, 2025 10:02am Jun 24, 2025 10:02am
Quoting navk
{quote} for 500 account, i choose 0.1 lot on gbpusd spot. My trading entry is somehwat accurate but not very accurate. ( I assume this, because, one can not take accurate entry for ever !! ) If i do not capture 20 pips in a day, i leave it open and rely on theory ( my trade will not go against me by 500 pips ) Assuming that out of 20 days in a month, if i capture 20 pips in 10 days 10x 20 pips Balance 10 days, i do not have to earn but if i come out of trade, break even , i am happy.
So I just realized I average 5K profit every 5 weeks on my Tradeify account with 6K DD.
In theory, I should be able to open a 600 personal futures account and if I can essentially flip it every 5 weeks (which is what I am doing now).......my account will be 600K in a year.
  • #49,599
  • Jun 24, 2025 10:05am Jun 24, 2025 10:05am
Quoting pipmaster77
{quote} So I just realized I average 5K profit every 5 weeks on my Tradeify account with 6K DD. In theory, I should be able to open a 600 personal futures account and if I can essentially flip it every 5 weeks (which is what I am doing now).......my account will be 600K in a year.
you can open max 5 acc
Intraday only.
  • #49,600
  • Jun 24, 2025 10:07am Jun 24, 2025 10:07am
Quoting Verde
{quote} A trade going against by 500 pips is definitely difficult. The key number here is how much to average down by if the trade goes wrong. At what point do you make a 2nd or 3rd entry? Adding 1 mini lot at every -100 pips or some other figure?
no, averaging is not so important.

key is lot size
Intraday only.
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