Prop-firm Challenges (FTMO) Risk ManagementProp-firms tell us to come trade for them so that they can take trades off our ideas. In reality they make their money on relying on the fact that 95% of traders are unprofitable and will fail either the challenge or verification stages of their trading.
People fail because either they do not have a real edge on the market, they cannot control their emotions, or some combination of the two.
If you only have a 10% total loss before you lose the account, why are you risking 1% per trade? why are you risking 1% with only 2% left? The short answer is because you cannot manage risk. And if you cannot manage risk you with either fail immediately, or fail in time.
This is a risk profile guide for attempts at FTMO or any other prop firm. The basic premise is to begin at 1% and raise it while in profit, and lower it while in loss. A new theoretical 0 point can be established even within profit in order to protect your gains.
You must understand that no single trade is that important. If you are hoping for a trade to change your life you are going about this the wrong way. What is important is compounding profitable trades that outweigh the losers.
Ftmo
Trade short term is part of economic stability. Hi traders, GBP recently creating signs of reverse by rejecting multiple times around key support levels
however there is no signs of a clear bulling momentum. trade short term with proper risk management.
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Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
EURUSD - SHORT OPPORTUNITY Since the big rejection last Thursday, this meant that euro is looking for a bigger retracement before breaking the big daily range that has been in place since December 2021. For now, we are looking for a small short term sell opportunity towards until it runs the liquidity area at the equal lows (red line). Then from there I will be looking for potential buy opportunity.
200 PIP COMING, GET IN NOW.Hi traders, we have a great opportunity coming as we approach this level with many sell orders around.
currently in it with a 50-70 pip SL and 135 TP.
Be patient and enjoy the trend.
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Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
GbpAud SwingGBPAUD has been showing bullish signs on 1D TF.
The pound has been showing some strength whiles AUD is still generally weak as shown by our economy value flow models.
Price has approached an interesting zone which is of critical interest to us.
A LTF reaction is giving us an indication to go expect this zone holding. To find out about this LTF reaction check my bio
We have a limit order set
Fantom two waysFantom is one of the only coins still in a mainly bullish trend. It has tested the $3.3 level, which is its ATH, and retraced to the .272 FIB level.
Seeing as the market trend is not terribly bullish and we're testing the ATH, there are two ways to play this:
1) Aggressive: you enter now or at another retest of the .272, making it risky as we have the ATH and $3 (psychological level) to break.
2) You wait for a break of the ATH and after that a clear retest upon which you enter.
Either way, I will be looking for a bullish crossover on the Stochastic RSI.
#FTM/USDT C&H Breakout! Low Risk High Reward Trade!!
FTM consolidating right over the Cup and handle support trendline.
Looks ready for a bounce hope you bought the dip around $2.85.
To stay on the safer side do place your Stoploss!
If everything plays well I expect a massive pump as per this chart in FTM
If you haven't bought it yet you can enter at CMP and place your SL at $2.74
Low-RIsk High reward.
Cheers!!
Do hit that like button if you like me to post more of these.
#PEACE
NASDAQ OPORTUNITY FOR SHORT SMART MONEY 1:4 RRR US100, we have 2 zones where it is very possible to see a selloff, the shorts will be triggered after confirmation
Potential Upside move for #FTMUSDTBYBIT:FTMUSDT
Price will hit the smart money area of our previous swing low following either of the two paths, then rally upside to create a higher high.
Lets watch and learn.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Bearish Flag @ FANTOM #FTMUSDTBINANCE:FTMUSDT
The pair is likely going to retest the breakout of the previous range after which we might see further move to the downside. Our TP is just before 50% FIBO correction.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..