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FTMO - For serious traders

  • #5,661
  • Feb 9, 2021 3:41am Feb 9, 2021 3:41am
Just passed the challenge on a 10k euro account, now onto verification!
  • #5,662
  • Feb 9, 2021 4:35am Feb 9, 2021 4:35am
my psycological profit limit i assume. profit split on friday.

still doyble than what most people make in 2 years around me. see what happens in the remaining days.

i'll make some mods for the next month on my psycology and trades since i know why the dips happened and i'll try to avoid them at all costs. maybe trade even less.
Attached Image
offering my system to copy trade. check my link
  • #5,663
  • Feb 9, 2021 4:47am Feb 9, 2021 4:47am
A word of caution to me from FTMO.

" It is not in our place to give you any advice but we would like to point out that the excitement of finally getting your FTMO Account can influence your psychology and lead to over trading, which could be detrimental to your account.
Please note that there is no longer a Profit Target for you to reach and therefore, you are in no rush."

I accept and will follow the advice.
Intraday only.
  • #5,664
  • Feb 9, 2021 5:14am Feb 9, 2021 5:14am
Quoting navk
A word of caution to me from FTMO. " It is not in our place to give you any advice but we would like to point out that the excitement of finally getting your FTMO Account can influence your psychology and lead to over trading, which could be detrimental to your account. Please note that there is no longer a Profit Target for you to reach and therefore, you are in no rush." I accept and will follow the advice.

my advice to you is to set a target with witch you can live comfortable and pay all your bills. once you reach target, you can go for more without the nervousness ofthe need to make money. try not to loose the money that will make you comfortble. ( i dunno how much that is, 2-3-5k a month? whatever the number)

this should be the number 1 priority. others follow. (unless youre deep into dept so even doublign the account wont be enough. i hope that is not the case

good luck, keep us informed on your results. stay green
offering my system to copy trade. check my link
  • #5,665
  • Edited 5:26am Feb 9, 2021 5:16am | Edited 5:26am
Quoting nikosk0
{quote} my advice to you is to set a target with witch you can live comfortable and pay all your bills. once you reach target, you can go for more without the nervousness ofthe need to make money. try not to loose the money that will make you comfortble. this should be the number 1 priority. others follow. good luck, keep us informed on your results. stay green
thank you
Intraday only.
  • #5,666
  • Feb 9, 2021 5:26am Feb 9, 2021 5:26am
no restricted news today
Intraday only.
  • #5,667
  • Feb 9, 2021 5:41am Feb 9, 2021 5:41am
bought my first challenge today, received credentials in like 5 minutes, i will start trading from tomorrow, lets hope it all goes well
  • #5,668
  • Feb 9, 2021 10:09am Feb 9, 2021 10:09am
Website down? (For me already for several hours)
  • #5,669
  • Feb 9, 2021 10:27am Feb 9, 2021 10:27am
Quoting bvdnbroe
Website down? (For me already for several hours)
works for me, been working all day. maybe clear your cache and cookies then try again, or try with another browser
  • #5,670
  • Feb 9, 2021 12:20pm Feb 9, 2021 12:20pm
Quoting navk
my profits on 50k demo today. For short trades, the DD went up to 2.2k For long trades, the DD was upto 370 $ {image}
Pure gambling, you will not survive in real market!
  • #5,671
  • Feb 9, 2021 12:35pm Feb 9, 2021 12:35pm
Quoting vasal
{quote} Pure gambling, you will not survive in real market!
How do you know? You dont know his strategy, how he manages risk, how he handles things. All you know is his results which were positive.

Perhaps you are the one who cannot survive in "real market".
  • #5,672
  • Feb 9, 2021 11:46pm Feb 9, 2021 11:46pm
Quoting Takisd
{quote} How do you know? You dont know his strategy, how he manages risk, how he handles things. All you know is his results which were positive. Perhaps you are the one who cannot survive in "real market".
time will show us
  • #5,673
  • Feb 10, 2021 12:28am Feb 10, 2021 12:28am
Quoting navk
my profits on 50k demo today. For short trades, the DD went up to 2.2k For long trades, the DD was upto 370 $ {image}
Show us your real founded account throw the demo out from window
  • #5,674
  • Edited 12:52am Feb 10, 2021 12:37am | Edited 12:52am
Quoting mizi123
{quote} Show us your real founded account throw the demo out from window
I am not going to gain anything. Neither anyone.
Intraday only.
  • #5,675
  • Feb 10, 2021 12:39am Feb 10, 2021 12:39am
Quoting vasal
{quote} time will show us
for challenge and verification, some extra lots are needed to pass.

Funded account, one can restrain from bigger lot size.
Intraday only.
  • #5,676
  • Feb 10, 2021 2:47am Feb 10, 2021 2:47am
Quoting navk
{quote} for challenge and verification, some extra lots are needed to pass. Funded account, one can restrain from bigger lot size.
It's all about risk percentage and stop loss placement.
Trade what you see, not what you think.
  • #5,677
  • Feb 10, 2021 3:36am Feb 10, 2021 3:36am
Quoting karmostaji
{quote} It's all about risk percentage and stop loss placement.
I've come to understand that most people don't take trades or size their positions using a percentage based risk dependent on SL. Especially those that open multiple small positions per trade as opposed to one big one.
Percentage based risk just makes it easier for me personally.
  • #5,678
  • Feb 10, 2021 5:51am Feb 10, 2021 5:51am
Quoting Koop
{quote} I've come to understand that most people don't take trades or size their positions using a percentage based risk dependent on SL. Especially those that open multiple small positions per trade as opposed to one big one. Percentage based risk just makes it easier for me personally.
I don't see how you can survive without it. I open multiple small positions per trade, but my risk is already pre-determined on what the entire position could be. Being a swing trader, I scale in both ways, on trades that go against me as well as trades that move my way immediately.
  • #5,679
  • Feb 10, 2021 7:31am Feb 10, 2021 7:31am
so i have a question, i dont know if anyone ever encountered this dillema before, but regarding trading bitcoin on weekends, since bitcoin is open for trade saturday and sunday, opening a position in bitcoin friday and holding it over the weekend until monday, does it constitute breaking the rule of no over the weekend trades, or bitcoin has a special set of rules ? or if you open a position on saturday and you close it sunday, or monday, or if you open a position sunday and close it tuesday, anyway you get my point here, how is the now holding over the weekend open positions rule stand with bitcoin ? because its a bit tricky, also i dont think bitcoin has any news related to it to be restricted news trading, or does USD restriction also applies to btcUSD ?
  • #5,680
  • Feb 10, 2021 7:39am Feb 10, 2021 7:39am
Quoting Rayder4Life
so i have a question, i dont know if anyone ever encountered this dillema before, but regarding trading bitcoin on weekends, since bitcoin is open for trade saturday and sunday, opening a position in bitcoin friday and holding it over the weekend until monday, does it constitute breaking the rule of no over the weekend trades, or bitcoin has a special set of rules ? or if you open a position on saturday and you close it sunday, or monday, or if you open a position sunday and close it tuesday, anyway you get my point here, how is the now holding...
Anytime the market is closed for more than 2 hours, position must be closed. I believe on ctrader, bitcoin is 24/7, however, on MT4, there is I believe a 6 hour closure from 7:00-13:00 server time on Saturday. The way I would interpret the rule, the bitcoin position would need to be closed prior to 7:00 server time on Saturday
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