COHSMAT CALABAR FORUM

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@danieludeme - 1 month ago

These were the trade I look today

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@yokoyi - 1 month ago
Quoted - danieludeme

These were the trade I look today

The EUR/USD market was mostly up this morning (meaning it was bullish) so from what I see you were closing your trades too early and taking tiny profits. When you open a trade, set your stop loss and dont panic when you see price moving against you. Remember, your profit always has to be bigger than your losses. But from what I see here, your losses are bigger than your profit

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@danieludeme - 1 month ago

Sir best on what am seeing here, you said the EURUSD was bullish when I was buying, is it that I would have allow it to be

Cause I set my stop loss to be 20.0pips while my profit was to be 40.0pips

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@danieludeme - 1 month ago

This the trade I look today

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@yokoyi - 1 month ago
Quoted - danieludeme

This the trade I look today

You did well to catch the buys early. The playbook here is to box out the Asian session (12 midnight to 6 am) then wait for price to breakout of the box and then you trade the reversal back into it.

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@akam_pat - 1 month ago

I also attempted to buy eurusd this morning but the price hit my stop loss

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@akam_pat - 1 month ago

I took a buy trade this morning

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@precious123 - 1 month ago

Today I bought NAS100 and made profit 🦋

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@akam_pat - 1 month ago

Same with me, I bought nasdaq 100 too and made something ontop.

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@akam_pat - 1 month ago

I just took a sell on EUR/USD, My stop loss is on top of the circle and my take profit is at the lower edge of the purple box (Asian range)

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@yokoyi - 1 month ago
Quoted - akam_pat

Price has hit my stop loss

You did well to follow your strategy without pushing back and trying to recover the loss. Try again tomorrow

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@yokoyi - 1 month ago
Quoted - yokoyi

You did well to follow your strategy without pushing back and trying to recover the loss. Try again tomorrow

There is significant EUR/USD option open interest at 1.1850 so that could be what is pushing price upwards.

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@akam_pat - 1 month ago

Today I took a EUR/USD buy at 1.1673 but I had to close it for a N500 loss when price started falling

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@precious123 - 1 month ago

I opened two EUR/USD trades a buy and sell but both are in loss what do I do?

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@efresh01 - 1 month ago

The story about the The Turtle Traders

The experiment was a famous 1983 financial experiment conducted by legendary commodities traders Richard Dennis and William Eckhardt. The experiment tested a core debate: Is successful trading an innate gift, or can it be taught through mechanical rules?

What i learnt from this story is that Discipline Trumps Intelligence. Everyone who participated in this experiment were given the exact same strategy, rules, and funding. Yet, their results varied drastically. The difference between the top performers and those who struggled wasn't smarts—it was the emotional discipline to follow the system mechanically, especially during painful losing streaks. Not a Gift. Richard Dennis proved that trading mastery isn't an innate, mystical talent reserved for a chosen few. High-level execution in complex environments can be broken down into clear, repeatable rules and taught to anyone willing to adhere to them.

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