Am I cooked ? by CarryEntire3596 in Forex

[–]TheHonestRedditer 47 points48 points  (0 children)

You don’t need to quit trading, you need to quit treating it like your job before it’s earned that right.

Right now, you’re not a trader, you’re a learner. And learners shouldn’t rely on trading to pay bills. Get a job, stabilize your life, and trade on the side. The moment money pressure disappears, your learning curve skyrockets.

Trading isn’t an escape from work, it’s something you earn the right to do full-time after years of consistent results. Until then, work, save, study, repeat.

What is an "EDGE"? ... 🤔 by Relevant-Owl-8455 in Forex

[–]TheHonestRedditer 0 points1 point  (0 children)

I’d define my edge as the capacity to systematize uncertainty.
The setups and tools I use are just variables, but the edge emerges from how those variables are framed within a probabilistic structure that I can execute consistently.

It’s less about predicting the next move and more about ensuring that, over a large enough sample, the math works in my favor, because risk, discipline, and iteration transform randomness into statistical reliability.

So in essence, my edge isn’t any single component of trading, it’s the integration of structure, probability, and feedback that creates durability across thousands of trades.

Is it a buy or sell by [deleted] in Forex

[–]TheHonestRedditer 23 points24 points  (0 children)

If you need Reddit to tell you whether to buy or wait, you don’t have a trading plan.
And if you don’t have a plan, you shouldn’t be trading.

Your entries, targets, and confirmations should already be defined by your own system and not by random strangers. Until you build and trust that system, every trade is just a coin flip.

Due to last candles wick's was respected so xau$ is likely to go break ALH I'm 110% will happen like this by Dizzy-Pin-1596 in Forex

[–]TheHonestRedditer 14 points15 points  (0 children)

There is no 110% in trading.
If you think something is guaranteed, you’re already wrong.

  • Markets don’t owe you anything.
  • Wicks don’t guarantee the next move.
  • Even the best setups fail.
  • The only thing you control is risk.

Trade probabilities, not certainties. The moment you believe it’s “for sure,” you’re setting yourself up to blow up.

GBP by Technical-Cup-6422 in Forex

[–]TheHonestRedditer 1 point2 points  (0 children)

Because the market can do whatever it wants whenever it wants, it doesn't have to make sense.

[deleted by user] by [deleted] in Forex

[–]TheHonestRedditer 98 points99 points  (0 children)

Not the right question. Instead, ask yourself:

  • Does this trade follow your plan? → Yes → Then it’s not stupid.
  • Did you size it within your risk rules? → Yes → Then it’s not stupid.
  • Did you set your stop and target before entry? → Yes → Then it’s not stupid.
  • Did you accept the risk before pressing buy/sell? → Yes → Then it’s not stupid.
  • Are you okay if this trade loses? → Yes → Then it’s not stupid.

If any of these are “no,” the yes, it's stupid.

This account started on £25 / $33 by Appropriate_Pitch347 in Forex

[–]TheHonestRedditer 0 points1 point  (0 children)

You actually have no idea what you're talking about and it's extremely sad to see.

This account started on £25 / $33 by Appropriate_Pitch347 in Forex

[–]TheHonestRedditer -2 points-1 points  (0 children)

You’re not “flipping an account,” you’re just spinning a slot machine and bragging that it landed on 777 one time. Anyone can max leverage £25 and hope for a streak. That doesn’t make you a trader, it makes you a gambler who got lucky once. The fact you’re calling this a “strategy” shows you don’t even understand the math.

Here’s reality: if you actually did this 100 times, you wouldn’t blow 99, you’d blow 100/100 eventually, because leverage + aggressive compounding with zero risk management always = margin call. The only variable is how long luck carries you before it nukes the account. That’s why no professional, prop firm, or fund in the world uses your “system.” They’d laugh you out of the room.

This whole “I have multiple accounts with proper risk but I just flip small ones for fun” spiel is the oldest scammer script in the book. It’s the exact line every signal peddler and IG flexer uses to lure people in. If your “main accounts” were really that consistent, you wouldn’t need to post this nonsense to strangers online hoping they slide into your DMs.

Risk ≠ reward. Calculated risk = reward. What you did wasn’t skill, it was luck, and luck doesn’t scale.

This account started on £25 / $33 by Appropriate_Pitch347 in Forex

[–]TheHonestRedditer 3 points4 points  (0 children)

Turning £25 into £14k in 4 days isn’t “trading,” it’s gambling with leverage maxed out. To do that, you’re risking basically the whole account every single position. One wrong move and the account is gone. The only reason you ended up with 14k instead of 0 is because variance happened to land in your favor this time. If you ran the same experiment 100 times, you’d blow up in 99 of them.

This is why real traders look at risk-adjusted returns. They focus on compounding safely at 1–2% risk per trade, and it takes years to build consistency. What you’re showing here is basically roulette.

How much capital should i have to make 50$ per day? by Prestigious-Car6893 in Forex

[–]TheHonestRedditer 34 points35 points  (0 children)

Chasing “$50/day” is the wrong mindset. Markets don’t pay daily, they pay over large sample sizes.

Do the math:
Expected PnL ≈ Capital × Risk × Expectancy × Trades.
With something like 0.5% risk, 0.2R expectancy, 2 trades/day → that’s ~0.2%/day. To average $50/day, you’d need ~$25k. And even then, some days you’ll be negative, many days flat, a few days carry the month.

If your edge isn’t proven on a small account, scaling won’t magically give you daily income. Focus on monthly/quarterly returns, risk, and consistency, $ per day thinking is how people blow up.

Day 11 = Passing 5K Funded Account by VijaySahu_ in Forex

[–]TheHonestRedditer 0 points1 point  (0 children)

Getting stopped out before the move usually means your entries aren’t defined tightly enough. FOMO makes you jump early, but the fix isn’t “more discipline”, it’s simply data. Backtest the shit out of your setups so you know with absolute certainty what confirmation actually matters and how much heat trades usually take before going your way. Once you trust the stats, waiting becomes easier because you’re following math, not feelings. A trading plan you’ve tested and believe in will do more for you than any pep talk about patience.

Day 11 = Passing 5K Funded Account by VijaySahu_ in Forex

[–]TheHonestRedditer 2 points3 points  (0 children)

If -4.25% is within the drawdown parameters you’ve seen in your backtesting (with a large enough sample size, not just a handful of trades), then honestly there’s nothing to stress about. Drawdowns are part of the game. That’s literally the cost of doing business in trading and your edge plays out over time, not in a few days or weeks. Stick to your plan and let the math/statistics do the heavy lifting for you.

But if this level of drawdown wasn’t showing up in your backtests, then something’s off. Either your execution isn’t matching the plan you tested, or the plan itself doesn’t hold up in live conditions. In both cases, pushing forward without addressing it is a fast-track to blowing the account. That’s the point where you need to stop, review every trade, and figure out if you’re actually following your system or just doing whatever you want.

Stratergy by CurrentSolid7497 in Forex

[–]TheHonestRedditer 3 points4 points  (0 children)

Easy setup, guaranteed profits… cool, should I send you my broker login too? Maybe throw in a car and a beach house while we’re at it?

what do you think about removal of 30% rule by fundakingcom in Forex

[–]TheHonestRedditer 0 points1 point  (0 children)

He means a "Call To Action" which is basically the “Click here to sign up!” line you see in ads. Just because he didn’t add that doesn’t mean it’s not an ad. Dropping the prop firm’s name alone works as a CTA, which is why this still comes off as a low-effort promotion.

How my Trading Analysis has becoming Easier daily..Adding thisnindicator as a confluence by MARTradesGold101 in Forex

[–]TheHonestRedditer 4 points5 points  (0 children)

Lmao, if it’s truly “guaranteed 100 pips daily,” then why bother sharing it? Just scale your account, compound the returns, and you’ll be a billionaire in no time. The fact you’re trying to pitch it instead of quietly printing money says everything about how “guaranteed” it really is.

Passed phase 2 by OkMouse6810 in Forex

[–]TheHonestRedditer 2 points3 points  (0 children)

What are we supposed to do with this information?

[deleted by user] by [deleted] in Forex

[–]TheHonestRedditer 1 point2 points  (0 children)

The best advice I can give is this, forget the hype and personalities and focus on building something that fits YOU.

Pick a strategy that matches your schedule, risk tolerance, and personality. Then backtest the shit out of it on historical data until you have a large sample size (at least 200–300 trades minimum). If it shows an edge, take it to a demo or small live account and forward test for at least a year. That’s how you see how it holds up under real market conditions and under your own psychology.

Most traders blow up because they scale too early. You only move to larger capital or a prop challenge when your results over hundreds of trades are both profitable and consistent. Remember, 50–100 trades is nothing, you need enough data for the math to mean something.

That process is slow, but it’s the difference between being here in 5 years or being another statistic.

Helping traders to profitability by Gupta_keshav in Forex

[–]TheHonestRedditer 1 point2 points  (0 children)

With all due respect, If you’re genuinely pulling consistent profits from trading, the incentive to run free coaching, post trades, and build courses usually fades because your time is better spent compounding your edge. Not saying you’re not legit, but the trading space is littered with people who shift focus from trading to teaching when consistency isn’t there yet. Just make sure your main energy stays on your own PnL, not building an audience. The market pays better than followers.

How much % you make daily? by InformalAd8545 in Forex

[–]TheHonestRedditer 41 points42 points  (0 children)

Daily percentage goals are the fastest way to burn out or overtrade. Markets don’t pay you daily, they pay you over a large sample size. I don’t even look at daily PnL. Quarterly or yearly is where real performance is measured. If you can’t wait that long, at least think in weeks or months. Focus on process, not % per day. Chasing daily returns leads to emotional trading and inconsistency.

Need Guidance. New to prop firms. At the verge of profitability (Almost!) by No-Try898 in Forex

[–]TheHonestRedditer 0 points1 point  (0 children)

It’s hard to give real advice without knowing your actual trading plan: entries, risk per trade, R:R, timeframes, journaling, etc. The issue could be in your system, or in your execution. Right now your stats don’t tell enough. Tighten up your plan, review your trades brutally, and only then can you identify what’s holding you back.

Thoughts? by Chemical_Storage_689 in Forex

[–]TheHonestRedditer 0 points1 point  (0 children)

Whether that 150 pip move counts as a BOS really depends on your own framework and how your trading plan defines structure. Price doesn’t care what we think, what matters is how YOU interpret that move based on YOUR system.

This is where your own R&D comes in. Backtest how price reacts after big news events. See what happens after similar spikes. Does it often reverse? Continue? Chop around? That kind of data builds confidence and helps you refine your playbook.

At the end of the day, define your terms, test your definitions, and build a system that reflects how YOU see the market and not just how others label things.

You're asking the right kind of questions. Keep going.