Philip H. van den Berg @AnalystPhil
CEO and Co-Founder of @Rhodium_FX RhodiumFX.com Earth 🌍 Joined April 2018-
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@JadeJMA1 LinkedIn is underrated for reach.
Happy Monday Traders! Some tips you can use this week for trading. - Remember, your strategy is made to put the odds in your favour. Break the rules, and you lose your edge. - Protect your capital, keep your risk under control. The longer you can survive the luckier you will get. - Your objective is not to find the next big trade. All you should be focusing on is taking a trade that follows your rules. - Take each trade as a case by case bases. Every new trade has its own probability. And remember, your job is to make Good Calculated Risk Decisions. Trade Safe!
@archietradesea1 Have a read at Rhodium FX’s rules and then if you want you can DM me your thoughts and what you would like to see different
@Market_Emotions @rhodium_fx Appreciate it, thank you. Healthy relationships like this are needed more in the Prop Firm world.
@SystematicEdge1 @rhodium_fx Also here is my official statement as well as the CEO
@Market_Emotions @rhodium_fx Thank you @Market_Emotions for your feedback. Naturally I’d like to clarify things on the side of Rhodium FX as well and hope you and your readers will take the time to read this as well. Yes, as you mentioned our rules are very black and white. However, unlike many other prop
Thank you @SystematicEdge1 Yes we all make mistakes, and we have to deal with the consequences. He is a very good trader who made an error. We did not take his account away from him, we was also in a loss so we did not take any profit away from him. He was simply asked to resit phase 2. I am 100% confident he will reach payout and we look forward to processing it. But rules are rules and they are there for a reason.
If you trade with a Prop Firm and you reach Payout: That Prop Firm is obligated to pay you. But! You as a trader. Are obligated to follow their rules. Read that again Enjoy your weekend all!
@Fx_priest1 Don’t buy any mentorship. There is enough free information online
@JadeJMA1 Consistency score. But most traders actually lose their accounts to max dd
@maverickFX007 This is a good analogy as well. You have to wait for the right opportunity.
One of the greatest abilities of a profitable trader is the ability to preserve their capital. Without capital you can’t trade. Think of it like you are a coach of a sports team, if you over work and over stretch your players, they will burn out or get injured. Now you don’t have enough players to play the game. Your Funds in your account are the same. Protect them at all costs, for without them, you cannot trade
@xmarkings Nothing else in trading matters this much
@Khldfx People should really look more into the reliability of a review site and what their real motivation for listening a company is
@JadeJMA1 @rhodium_fx Thanks 🙏🏼
A little bit of an insight to the discussions we have with our funded traders at Rhodium FX
If you expect the market to fall once RSI crosses 60 or 80, it’s not like that. 🤷♂️ Our funded traders use RSI as confluence to trail their stop-loss. Try this for your trailing stop-loss and let us know if you want to get funded with us. (Link in bio) 👀
@Market_Emotions Very insightful and interesting read, nicely done
@Fx_priest1 80% Their clothes are all bespoke
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