MrStar

Forex trading newbie.
My other account, CryptoStar_B was suspended.

[Starr🌟 @Starr_gael]

If you’ve never taken a prop account to payout stage, then this post is for you. ‼️

I’ve put together a list of the personal rules that have helped me keep my funded accounts and make consistent payouts for over a year in this post.

I’ve traded prop funded accounts for years and one thing I’ve learned is that staying funded has very little to do with finding the perfect setup because every trader gets good entries from time to time.

The difference however, is what happens when you’re wrong. That gap is what drains accounts so I created a list of my rules that you can easily copy to keep your accounts.

Here are the risk rules I follow before placing a trade. 👇

-: I decide how much I’m willing to lose before I enter a trade and that number doesn’t change once I’m in.

Some setups look so good that you’re tempted to size up halfway through. Don’t.

Good risk management only works when the rules are set before emotions get involved.

-: I don’t increase risk after a loss.

A losing trade doesn’t make the next setup more likely to work and the market doesn’t care that you’re trying to recover what you just lost.

Some of the biggest drawdowns I’ve seen started with someone trying to make back one loss in a single trade, forgetting that the market has no limits on what it can take from you.

-: My stop loss goes where the trade idea is wrong.

If price reaches that level, then the reason I entered the trade is no longer valid. I’ve learned that taking the loss is usually cheaper than trying to give a bad trade more room to work.

-: I only risk an amount that allows me to think clearly.

The easiest way to know you’re risking too much is when the trade starts affecting your behaviour. You’re checking charts every few minutes, watching every candle and looking for reasons to interfere with a plan that was perfectly fine before you entered, that discomfort is simply your body telling you that you’re doing too much. 1% is okay.

-: I don't judge trades by whether they win or lose.

Some of my best trades have been losses and some of my worst trades have been winners. A good trade is one where I followed my plan from entry to exit, regardless of the outcome.

Risk management isn't the most exciting part of trading.
It's also one of the biggest differences between traders who survive long enough to become profitable and traders who keep starting over.

Here’s the updated version of just that closing section:

The market will still be here next week. Make sure you are too, because it is easier to get another entry than it is to get another capital.

Remember to apply and not just bookmark.

Follow me, @Starr_gael, and turn on post notifications to stay updated and be the first to see whenever I make a post.

You’ll find trade documentaries, breakdowns, insights, results and my personal thoughts on my WhatsApp. Click the link below to connect.👇

https://t.co/HOc1mv5KrZ

[MrStar @MrStarlighte]

@iamdakejr Congratulations in advance.

These testimonies keep many of us going, no matter how slow it seems.

[Chidi Anselm Odinkalu, CGoF @ChidiOdinkalu]

The Record of Proceedings of @NGCourtofAppeal reveal the egregiousness of the willfulness of Peter Lifu - who claims to be a judge of @FederalHigh - in their full majesty. They leave no room for speculation.

Peter Lifu is worse than a #RunsJudge. @njcNig can choose to allow him to hide under the cloak of his political godfathers. The damage is already inestimable.

[Harmless @HarmlessHQ]

Sometimes, I look at the career trajectory of Peter Obi and I begin to have pity on myself. 😭

$22 million annual profit at 28.
A dollar millionaire at 30.
Owned a house in the UK at 30.
A bank chairman at 34.
A governor at 44.

Now, I understand why people fall over themselves just to hear him speak.

[Peter Obi @PeterObi]

Accountable Borrowing: The South Africa Example.

I have consistently maintained that borrowing, in itself, is not a bad thing. Every nation borrows. The critical issue is not the act of borrowing, but what the borrowed funds are used for and whether citizens can clearly see and measure the impact of such borrowing in their daily lives.

There is a lot to learn in the open and transparent manner in which South Africa handled its recently secured a $1 billion loan from the New Development Bank, with a clearly defined purpose. Publicly announcing the targeted purpose of the loan for all to know and monitor, upgrading water supply systems, modernising sanitation infrastructure, improving electricity distribution, and strengthening waste management services across eight major metropolitan cities, including Johannesburg, Cape Town, and Durban.

This is indeed what accountable borrowing should look like; the purpose is clear, the projects are identifiable, and the expected benefits to citizens are measurable. Such investments directly improve living conditions, enhance productivity, and stimulate economic growth.

In Nigeria, however, the opposite is the case: public debt has risen dramatically under the current administration, and its deployment is shrouded in secrecy from the people who will indeed pay back the loan. Today, our total public debt has increased from about ₦87 trillion in 2023 to nearly ₦200 trillion.

Yet, despite this unprecedented accumulation of debt, Nigerians are often left without a clear and detailed account of how these borrowings are being deployed to improve critical sectors such as education, healthcare, power, security, and infrastructure.

Borrowing must never become an end in itself. Every loan obtained in the name of the Nigerian people must be tied to specific, productive investments capable of generating economic value, creating jobs, reducing poverty, and improving the welfare of citizens.

Good governance demands transparency and accountability. The government must be able to clearly explain what was borrowed, where it was invested, and what measurable outcomes have been achieved. The ordinary Nigerian should be able to see and feel the benefits of every debt incurred on their behalf.

At a time when millions of Nigerians are struggling with rising costs of living, unemployment, insecurity, and declining purchasing power, fiscal discipline and prudent management of public resources are no longer optional; they are imperative.

Every borrowing decision should answer one simple question: How does this improve the life of the ordinary Nigerian? If that question cannot be convincingly answered, then we risk merely transferring today's burdens to future generations.

A New Nigeria is POssible. - PO

BRICS bank approves $1 billion lifeline for South Africa’s struggling cities | Business Insider Africa https://t.co/VN0C0Xo8zp

[Uncommon ×͜× ⚡️ @uncommonkvng]

Join @PFMNaija this Saturday for The End Of Month Review series

Topic: Maximizing Prop Firms

Co-hosts:
• @uncommonkvng
• @Order_Flow_godd

Guest speakers:
• @vee_anibe
• @Fznation01

Set reminder here 👉 https://t.co/suOq8Et1U1

[MrStar @MrStarlighte]

@uncommonkvng @PFMNaija @Order_Flow_godd @vee_anibe @Fznation01 @PropFirmMatch Reminder set!

[MrStar @MrStarlighte]

@lemayian001 Thank you sir

[𝐋𝐞𝐦𝐚𝐲𝐢𝐚𝐧 @lemayian001]

For some, it clicked after 10 years. For others, 1 year. Some in just 6 months.

The timeline is different, but the destination is the same.

Stay consistent. Your turn might be closer than you think.Stop comparing timelines. Keep showing up.

[MrStar @MrStarlighte]

@LynTrades @Barbie_Trades @OluseyeEU Thanks for doing this ma'am.
You are helping and contributing positively to FXNG.

[MrStar @MrStarlighte]

@LynTrades @Barbie_Trades @OluseyeEU Please give more time ma'am. Winning giveaways is not easy.
I'm begging.
🙏🏼

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸🇮🇷 President Trump says "there is no 300 billion dollar payment to Iran by the US."

"That's fake news."

[MrStar @MrStarlighte]

@bobbthetrader @Timi_ICT @TheToff_ @Fairy_Trades @idstwnm @Bryan_Og2 @CallmeSpotless @PipsCabal @atlasfunded It helped me boss.

Hoping we do more like this.

[MrStar @MrStarlighte]

@i_amdjlamp @asemota Bala blue!

[MrStar @MrStarlighte]

@Hurlah_H02 @cbngov_akin1 @AishaYesufu @PeterObi Na so mumu dey talk.
He's attacking a woman who only asks that we focus on what's important.
What's bad about that?

Is this how you are embarrassing your mother online, too?
I can see why you love him.

You too mumu!

[MrStar @MrStarlighte]

@Timamzi @RealTraderSeun Honestly, night is sweet.
It's calm. No disturbance. No distractions.

... except when I lose a trade that I fear the night. 🤣

[Khaled @Khldfx]

Traders,

If you were impacted and can prove it, fill the form below 👇🏽

No gimmicks and discounts

I’ll give you a 1k instant account, withdraw whenever and no rules other then max and daily loss.

https://t.co/umAoPem8oh

[FinancialJuice @financialjuice]

WATCH LIVE: Vance Speaks 11 AM ET https://t.co/FhYtdkUbmV

[REEDAHFX 🛜 @faridaharuna]

🚨 $300 GIVEAWAY! 🚨

We are doing a 3 x $100 broker account giveaway! 🥳

How to enter:

1. Follow @LQHrkets @faridaharuna and @lqhfunded @zackstech6776 @Msnrtrader
@jamesgarba16
Join discord: https://t.co/o5EzIlzDmt
Join my TG: https://t.co/1LfWuMhaI3
2. Like & retweet
3. Tag 4 traders

Winners in 72 hours, good luck! 👀

[Oshoktrader @oshoktrader]

3 x $10k pro challenge account

1. Follow @AlphaCapitalUK @AlphaStats1 @oshoktrader

2. Like, report and tagged 4 traders

3. Also Follow
@liquidityhuntaa @SarkiTutorial @ABFXKILLER @AMINULUKKA @babujin_fx @ISP_TRADER @Zaksfx12 @FirstBornFx