One of the major criteria to practising true risk management is knowing how to calculate the RIGHT lot size/volume.
Before you can do that, you have to establish your Risk Tolerance i.e the % of your account balance you want to risk.
Want to know how best and easy you can calculate the Right lot size without having to leave Tradingview?
Follow this thread🧵
Absolutely beautiful work and great use of colors.
Saw it and bookmarked straight away. Couldn’t resist trying to vibe code it.
So I did 👇🏽. I first of all recreated the designs in Figma, then vibe coded it with DeepSeek and Claude code.
Learnt a lot while doing this.
PS: got at least 95% of the UI in one shot without using MCPs or screenshots. I will follow up with a detailed description of my workflow.
Shappay is for:
– The uber driver who’s tired of reading out his account number
– The trader who can’t afford a POS
– The SME that wants instant settlement, not T+1
– Anyone who sends money more than twice a week
Basically: anyone tired of the current experience.
Trading truths you only learn through experience—yours or someone else’s. Let’s talk partials and breakeven. They sound smart until they drag you into a negative RR circus. Confused? I’ll explain.
Forex will change your life!
Forex will change your life!
Forex will change your life!
Forex will change your life!
Forex will change your life!
Forex will change your life!
Repost if you agree.
NFP report was released today instead of the usual first Friday of the month due to the US Independence Day holiday tomorrow being the first Friday of the month.
You see why it is important to check your economic calendar every day?
just a rant. But if it touches you, maybe it’s meant to.
You say trading is your only income, but you:
– Teach
– Get broker deals
– Post prop firm affiliate links
Yet you’re mad that others run classes monthly or every 3 months? Be for real. Maybe just admit you’re upset it’s working for them.
Also… practice what you preach. You can’t say one thing, then turn around and do the exact same thing in a different format. It’s giving confused mentor.
When will you tell your followers the truth? That trading alone didn’t take you this far. You had help, deals, mentorships, side bags. So stop giving people false hope.
Let everyone run their trading career how it suits them. Nobody is better. As long as you teach and charge even if it’s once, you don’t get to judge. Only full-time silent traders can chat.
We’re all figuring it out and trying to make money. So mind your business and let others breathe.
Rest jhor😹
Now, it’s even more easier with the new update on TradingView. You can basically change the currency denomination to match your account balance denomination.
With this, it becomes straightforward.
Hope this helps. If you are lost, read the whole thread then come back to this.
One of the major criteria to practising true risk management is knowing how to calculate the RIGHT lot size/volume.
Before you can do that, you have to establish your Risk Tolerance i.e the % of your account balance you want to risk.
Want to know how best and easy you can calculate the Right lot size without having to leave Tradingview?
Follow this thread🧵
I will tell y’all this for free.
Most of the guys you see talking and hammering on Risk Management have faced the consequences first hand.
How does it feel to make so much from trading over days, weeks or even months and then lose everything in a day or even hours??
That can only happen when you don’t practice true risk management.
The good thing about this age is that you don’t need to always learn from experience. The right information is everywhere, you just need to pay the price- that price can be ‘attention, time or money’.
You sha must pay a price. Or you can pay the market (which is, low-key, also a price lol).
The problem for many traders is that they don’t know what works and so they end up chasing trades.
But then, how do you know what works?
Backtest, Backtest, Backtest.
@ambaposh Mine starts from how much I am willing to put at risk which I call “Capital Risk”.
This capital risk must be an amount I am okay losing-say 10% of my income.
That can go into prop firms or live funding then I maintain a 1% risk per trade while targeting fixed 3RR. 3 trades/day.
Capital is not a problem for “Tony” because he has $29 to loose in 100 places.
But you wey na your last $29, capital is your fcking problem!
No matter your edge, it doesn’t not make it immune to the fact that it is still all probability!
No edge, I repeat no edge can eliminate the risk out of trading!
That one single edge could be the day your edge will fail so what happen to your so called last $29?
So capital is really your problem.
Professional traders do not trade every day but they come to office (market) everyday.
It’s not about being a day trader or a swing trader, it’s about quality trades.
But then, how do you know the quality trades if you don’t backtest or study??🤷🏾♂️🤷🏾♂️