B
Akinola Joseph Ireoluwa
@biggyfx
Last seen:
18 hours ago
It’s has been amazing and interesting
0 Followers
2 Following
Market & Mindset Questions
1. What’s your #1 trade setup this week?
Which pair/asset are you watching and why?
2. Biggest lesson from your last loss?
What did the market teach you that you won’t forget?
3. News that matters
What 1 news event or data release are you watching that could move the market?
4. Risk check
What’s your risk per trade right now? Are you over-risking or playing it safe?
5. Psychology check-in
Are you trading your plan, or are emotions like FOMO/FEAR running you this week?
Strategy & Learning Questions
6. Backtest challenge
What’s 1 strategy you’ve backtested recently? What were the results?
7. Agree or disagree?
“You don’t need 10 strategies, you need 1 that works.” Do you agree?
8. Tool of the week
What indicator, tool, or app has actually helped your trading lately?
9. The hard question
What bad trading habit are you working to break right now?
10. Goals + Accountability
What’s your trading goal for this month? And how will we know you hit it?
Method 1: Direct Multiplication + Addition
Wins: $5 × 40 = +$200
Losses: $3 × 20 = -$60
Total: $200 - $60 = +$140 → B
Let's break it down step by step 👇
Given:
- Risk per trade = $20
- Reward per trade = $60
- Risk:Reward = 1:3 ✓
- Total trades = 10
- Wins = 4
- Losses = 6
Step 1: Calculate total profit from wins
4 wins × $60 reward = +$240
Step 2: Calculate total loss from losses
6 losses × $20 risk = −$120
Step 3: Total P/L
$240 profit - $120 loss = +$120
Answer: A. +$120
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Key lesson:
You can have a 40% win rate and still be profitable because your winners are 3x bigger than your losers.
That's why R:R matters more than win rate.
4. What is backtesting?
Backtesting = Testing your trading strategy on past market data to see if it would have worked before you risk real money.
1. What should you look for before entering a trade?
Before you hit "buy" or "sell", you want a checklist. Pros don’t just yolo into trades they look for "confluence" where multiple things line up.
3. What is a trading strategy?
A trading strategy is basically your game plan for buying and selling in the markets.
1. PIP = Price Movement
Pip = "Percentage In Point"
It’s the smallest price move a currency pair can make.
2. LEVERAGE = Buying Power.
Leverage = The broker lending you money to trade bigger.
1. What is a stop-loss?
Answer: A stop-loss is your exit if the trade goes wrong.
It’s a pre-set price/order that automatically closes your trade to limit your loss.
Think: _"This is where I admit I was wrong."
Example: You buy at $100, SL at $95. If it hits $95, you’re out -$5.
2. What is take-profit?
Answer: A take-profit is your exit when the trade goes right.
It’s a pre-set price/order that automatically closes your trade to lock in profit.
Think: _"This is my target."
Example: You buy at $100, TP at $110. If it hits $110, you’re out +$10.
3. What is risk-to-reward ratio?
Answer: R:R = How much you risk vs how much you can make.
Formula: Risk: Reward
Example: Risk $5 to make $10 = 1:2 R:R
Rule: If you have a 1:2, you only need to win 40% of trades to be profitable.
4. What is position sizing?
Answer: Position sizing = How much of the asset you buy so that you only risk X amount.
It’s NOT "how many lots". It’s "how much will I lose if my SL hits".
Formula: Position Size =
Example: $100 account risk, SL is 50 pips away = you size so you only lose $100.
5. Why is risk management important?
Answer: Because 1 bad trade can blow your account.
Risk management keeps you alive so you can trade tomorrow.
Without it: Emotions, revenge trading, blown accounts.
With it: You survive losing streaks and let winners pay you.
6. How much should a trader risk per trade?
Answer: The golden rule: 1-2% of your account per trade.
Pros use 0.5% - 1%.
Example: $10,000 account x 1% = $100 max loss per trade.
Why? You can lose 10 times in a row and still have 90% of your account left.
7. What is drawdown?
Answer: Drawdown = How much your account drops from its peak.
Example: You peak at $10,000, then drop to $8,000 = 20% drawdown.
It measures how much pain you went through. Low drawdown = pro trader.
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