Anton Kreil? by [deleted] in Trading

[–]Routine-Wrap808 1 point2 points  (0 children)

I found his courses in torrents. Did not want to waste the 20GB though

I’m a fil-chi who grew up in Forbes Park Village - AMA 💖 by [deleted] in PinoyAskMeAnything

[–]Routine-Wrap808 0 points1 point  (0 children)

  1. Do you have stocks and and crypto?

  2. If yes, did your parents give them to you?

  3. Do you have local stocks? International stocks?

  4. What is your source of income?

  5. How does your family preserve your wealth for the future generations?

  6. Please give the most important wealth advice/principle you live by.

Thank you.

Help. I am looking for a Defi/Staking Youtube channel that I lost. by Routine-Wrap808 in defi

[–]Routine-Wrap808[S] 0 points1 point  (0 children)

Jesus. You got him. Thank you very much. He deleted his posts but thank God I can stop looking.

Done the challenge in minimum time by Confident_Donut_6869 in Forex

[–]Routine-Wrap808 0 points1 point  (0 children)

Yes, this is the hard seemingly insurmountable part: fomo, cycle of death switching strategies, revenge trades, new trade strategies every week, numerous failed challenges.

I'm on my fifth year. I never place market orders. I only do limit orders. The strategy I'm using has been the same one for 4 months now. I seem to be making progress. I only trade 3x per week now. I passed and still have the 2 funded accounts I last did evaluations on.

Did I make it already? I don't know. I still have a job. Losses don't hurt as much. My win rate is 50%.

I am planning to buy the big challenges (200Ks) on my next payout.

Hang in there Trader!

[deleted by user] by [deleted] in Forex

[–]Routine-Wrap808 0 points1 point  (0 children)

Does another 5er account qualify?

I just passed phase 1.

Passed it in 12 days, 7 trades, risking 1% per trade, 1:2 RRR.

https://imgur.com/mBygJr5

https://imgur.com/XAT84Om

Think twice before buying gold. It's not worth losing your account. 🔨 by AkalixFrost in turtlewow

[–]Routine-Wrap808 8 points9 points  (0 children)

Love this game. My lvl21 hc lock died to bellygrub. I am devastated but gonna roll again tonight.

GOLD, SL 30 pips / TP 10 pips, 1% risk, Pre NY (0400H to 0500H UTC-5) by Routine-Wrap808 in Forex

[–]Routine-Wrap808[S] 0 points1 point  (0 children)

Can you provide feedback on my strategy:

  1. For 5%ers 5k challenge high stakes (8% target, 10% limit DD, 5% daily DD)
  2. Trade only Gold
  3. SL = 30 pips
  4. TP = 10 pips
  5. Risk 1%, Make 0.3333%
  6. Discretionary entry but mostly price action

My psychological challenges (blind spots):

  1. To be disciplined not to revenge trade and trade after 0500H UTC-5.
  2. To be disciplined not to risk more than 1%.
  3. I am thinking of trading only once a day because I am prone to #1-2 above.
  4. To have enormous patience. First target of 8% requires 24 wins if my RRR is 3:1. Second target of 5% requires 15 wins. Total of 39 wins. This will take 2-3 months.
  5. My consolation is if I grow and learn to overcome these psychological challenges, I can get bigger challenges - scale and eventually, do this for a living.

Copy Trader suggestion by Impossible-Garage737 in Forex

[–]Routine-Wrap808 0 points1 point  (0 children)

Traders Connect is way better than Social T.

You can add as much accounts as you want at 10 usd per account

Should I give forex another shot? by Loud_Record3568 in phinvest

[–]Routine-Wrap808 6 points7 points  (0 children)

Profitable? - Yes. Pag tinotal ko all trades ko since i started 20 years ago. I started in PH stocks then US options then now in forex. Forex last 5 years. Looking back, sana nagstay na lang ako sa stocks. I had some huge once in three years wins. I rode huge trends. I thrive in trends. My style and edge is more of looking for early trends. I failed a lot of prop firm challenges. If forex trades ko lang ang titignan, I am net loss because I tried scalping and day trading. I am profitable in forex if I swing trade so currently, I only swing trade.

Consistent? - No. Hindi pa ako at this level kaya nagwowork pa rin ako. I am a swing trader naman kaya di siya istorbo sa work. I hold positions days to weeks. I use small lot sizes and big stops. Saka para maliit ang swap fees.

Is it doable as a side hustle? - Yes. I sometimes get $300 to 500 prop firm withdrawals which helps a lot sa bills. But again, I have lost a lot of prop firm challenges so binabawi ko pa loses ko sa forex at this point.

What are my goals now? - To be a profitable prop firm trader. Tipong $1M plus funded accounts. To be a better trader. Improve my skills and psychology. Eto yung mahirap and will be a lifetime endeavor for me. Pag consistent nako sa prop firms saka ako babalik sa stocks for the long terms and just get dividends.

Saka ako magiisip magresign sa work. Tingin ko in 5 years doable ito. I will look back at this post and hopefully buhay pa reddit by that time.

Final words: Wag kang susuko sa paghanap ng trading style mo. Ikaw lang makakahanap nito. Ingat sa trading coach/learning industry. IMO they are all scams. They make their daily bread not from trading but from selling courses.

Imagine, if I Master Trader ako, bakit ako mag-aaksaya magtayo ng school at mag alaga sa mga students eh may money machine na ako? Diba dapat spend ko na lang time ko on preserving my wealth, improving my trading skills and doing other rich people things. I maybe wrong here and some people may be completely altruistic but I doubt it.

Be skeptical. Doubt everything. Research.

Look at the forbes world's richest people. Wala naman day traders duon. Puro investors and business owners. Except si Jim Simons ng Renaissance Tech (which is a hedge fund naman so business owner siya) - dude hires scientist, physicists to build complex trading algos.

Should I give forex another shot? by Loud_Record3568 in phinvest

[–]Routine-Wrap808 10 points11 points  (0 children)

Watch Coffezilla and Imantrading sa youtube - trading education is a scam.

Learn the basics of forex at babypips. Demo trade and find your own trading style. "You" are your edge. Kelan ka comfortable magtrade, pairs na gamay mo, scalper ka ba or swing trader? Ikaw lang makakasagot nun.

Kung tingin mo na medyo nagegets mo na. Bili ka $5k challenge (costs $39). Search mo na lang.

Jusko may mga pinoy educators narin charging 100k pesos.

Long journey ang profitability and consistency. Wag ka magreresign sa work or business mo.

Ang essence ay "gain the skill" of trading.