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Growing my trading account from 10k to 50k in twenty days Replied 1 hour ago - I lost both trades. New balance NGN 14, 657.02
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if you can't take a small loss, you will be forced to take a big one Replied 2 days ago - The danger with placing SL at invalidation zones is that a sudden spike in price can kick you out of the market. I would suggest the solution lies in entering the market at the right time so you can place a tight stop at the right place
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How Do I Take Partial Profit on MT5 Without Closing The Trade? Replied 2 days ago - Yes, taking partial profits works on TradingView. How it's Done: Turn off “Instant order placement” in Trading settings, click the X on your open position, tick “partial close”, and choose how many units to exit. Or set multiple TP levels for automatic scaling.
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Dont be a lazy trader Replied 4 days ago - Laziness also shows up in the form of not wanting to learn anything new. Some traders, are just stuck with one way of trading and dont want to learn anything new
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The Ten Trade Rule Replied 6 days ago - Treat every 10-trade block as one data point. After each set, calculate your actual win rate, average R:R, and expectancy. Only tweak your strategy if the numbers show a clear edge loss over 2–3 blocks. This stops the “one bad trade = strategy broken” trap.
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one impulsive trade can wipe out weeks of profit Replied 6 days ago - That’s a classic trap. When you feel overly confident in a setup, reduce your lot size instead of increasing it. My suggestions: - Set a fixed risk per trade (e.g. 0.5–1% of account) no matter how sure you feel. - Use a simple rule: The stronger your conviction, the smaller your position size. - Always define stop-loss before entry and stick to it. Overconfidence kills accounts, trade small when you’re “certain.”
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How To Use Trailing Stop Loss Replied 6 days ago - just tell the trailing stop how many pips of profit you want to be securing as price moves in your favor. Open a trade, right click on it and select "trailing stop". If you select 10 pips then as price moves in your desired direction, every time your profit is up to 10 pips, the system will shift your stop loss accordingly to secure it.
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20 pip xauusd loss, how do i recover from it? Replied 1 week ago - Sure you can recover, just put it behind you and move on to the next trade. Losses are unavoidable, but before you enter the next trade, check your trading account balance and open a lot size that is commensurate to your trading account balance. If your account balance is low and you try to trade the same lot size you may get a margin call and your broker will close your trades prematurely
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what do the 1% successful traders do differently from the 99% unsuccessful ones? Replied 1 week ago - Treating trading like a real business with a clear plan, rules, and tracking your results makes a big difference. Seeing losses as normal costs instead of failures helps you stay calm and improve. Good point.
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In the forex market, fear has many faces Replied 1 week ago - I had to start waiting at break even to cure my fear of losing profits, at least at BE I know eve if i lose the profit I wont make a loss
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why you should have a daily loss limit in forex Replied 1 week ago - bro you cannot trade from morning till night nonstop, you need to have limits. the limits are the edge you really have as a trader, if not you are gambling. This is one of the differences between gambling & trading- the absence of limits.
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Never Risk More Than 2% of your Account Balance On A Trade Replied 1 week ago - I disagree, every trade requires a different risk. It depends on what edge you have on that day. If you have some data at your disposal that gives you an edge for the day, then you should add to your winners and risk more
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after six hours my trade is only 5 pips profit, should I close it or wait? Replied 2 weeks ago - If I open a trade and it is not in profit after 30 minutes, i take it that I am on the wrong side. In your case you were still in profit so it would be safe to leave it open
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8 months of work erased in 4 days Replied 2 weeks ago - Pull backs happen especially when a trend has been raging for a while
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does the spread affect where i can set my stop loss? Replied 2 weeks ago - It depends on which broker you are using. Some brokers dont have stop loss restrictions based on spread. However, most brokers do.
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Risk Management 2 Replied 3 weeks ago - My question is: Is there a mathematical relation or formula for this? The logic seems to be: If I have a rare strategy that offers a high probability (e.g., 80% win rate), I should theoretically risk more on it. Conversely, if I have a very common strategy with a lower win rate, I should risk smaller. But if the textbooks say "keep it constant," how do you guys actually proceed with this in the real world? I would really appreciate any keywords or reading suggestions on this topic, as I don't want to break the rules of risk management, but I also want to maximize the potential of high-probability setups. Thanks!
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I was up $2,000 but didnt take profit, and now my stop loss has been hit Replied 3 weeks ago - I get you now. Thank you for this exposition.
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how do i spot volatility on charts without using indicators? Replied 4 weeks ago - I never knew this, I always thought grid lines were a waste of time so I always hid them. Thanks for sharing
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I've learnt to always trade in my local currency Replied 1 month ago - When the difference in value bettween your local currency and the USD is very large, you could accomodate bug USD losses without it registering to you that when you convert back to your local currency you are losing a lot of money.
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Why I stopped taking small winners Replied 1 month ago - You are very right. Greed is another demon every trader has to conquer. It makes traders sideline their plans and do something else.
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