π©Ί Medical student in Nigeria π Trading EURUSD & BTCUSD β‘ Building patience in medicine and markets βοΈ Sharing the journey publicly
Forex market
Joined April 2022
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Starting over on this account, so here's a quick introduction.
I'm a medical student in Nigeria with a love for the Forex markets, medicine, and my faith in Jesus.
Most of what I share will be about trading, life as a med student, discipline, and the lessons I'm learning along the way.
I'm still figuring things out like everyone else, but I'll always share what I'm genuinely learning, not what sounds good.
If that's your kind of content, welcome.
Let's connect π€
Low-key, what some of you need to be move towards profitability in trading, is to STOP posting your trades online.
read that again ππΎ
Cooked something here, for you guys
I received my first Forex payout and somehow ended up in the biggest debt I've ever been in.
Sounds ridiculous, right?
When my first payout came in, I felt like I was on top of the world. I had access to an amount of money I wasn't accustomed to having, and I wanted to enjoy every bit of it.
I spent almost half purchasing another prop firm account. The rest went into clothes, shoes and other things I had always wanted.
I wasn't saving. I wasn't investing. I just kept spending because I wanted to sustain that feeling of happiness that came with having money.
Then the money finished.
But I wasn't ready to accept that reality. I kept telling myself, "I'll make another payout in two weeks and sort everything out."
So I started borrowing. First, a little, then some more. Before I knew it, I was accumulating debts from different loan apps, eventually owing more than I had ever owed before my first payout.
And the worst part? The financial pressure began affecting my trading. I was no longer trading with the same patience and discipline because I desperately needed another payout.
Looking back, here are a few things I think every trader should do with their first payout.
1. Prioritise your comfort.
Pay off outstanding debts. Settle urgent bills. Stock up on foodstuffs. Address whatever has been putting you under financial pressure.
Give yourself some breathing room. You don't want to be trading while five different financial problems are staring at you.
2. Get yourself something tangible.
If your immediate needs are sorted, get something you genuinely like. A nice shoe, some clothes, or something you've always wanted.
Personally, I got clothes and shoes. Sometimes, when I wear them and someone compliments me, it reminds me that this thing actually works. It's a little psychological reward for your hard work.
3. Save and invest.
Don't let all your money disappear into consumption.
Consider putting 10β20% of your payout into savings or investments. Explore platforms like PiggyVest and Cowrywise.
The initial returns might be small, but the goal is to build a habit of saving and creating wealth outside trading.
4. Be strategic about getting another account.
I used almost half of my first payout to purchase another prop firm account, and it turned out to be one of my best decisions.
However, that doesn't mean you should do the same. Sort out your finances first. Don't purchase another account simply because you're excited about receiving your first payout.
5. Build an environment where you don't NEED trading to pay your bills.
This is perhaps the most important lesson.
Your next payout might come in two weeks, three months, six months or even a year. Nothing guarantees that it will come immediately.
You don't want to enter a trade thinking about your debts, feeding, bills and all the people waiting for you to send money.
That pressure can make you abandon your strategy, force trades and take unnecessary risks.
Your first payout should give you breathing room, not create more financial pressure.
Remember, the goal isn't just to receive your second payout. It's to build a financial structure that allows you to keep trading long enough to receive your second, third and tenth payouts without desperation.
Your first payout is a milestone, not a salary.
Treat it accordingly.
Doc_maduz retweeted
I received my first Forex payout and somehow ended up in the biggest debt I've ever been in.
Sounds ridiculous, right?
When my first payout came in, I felt like I was on top of the world. I had access to an amount of money I wasn't accustomed to having, and I wanted to enjoy every bit of it.
I spent almost half purchasing another prop firm account. The rest went into clothes, shoes and other things I had always wanted.
I wasn't saving. I wasn't investing. I just kept spending because I wanted to sustain that feeling of happiness that came with having money.
Then the money finished.
But I wasn't ready to accept that reality. I kept telling myself, "I'll make another payout in two weeks and sort everything out."
So I started borrowing. First, a little, then some more. Before I knew it, I was accumulating debts from different loan apps, eventually owing more than I had ever owed before my first payout.
And the worst part? The financial pressure began affecting my trading. I was no longer trading with the same patience and discipline because I desperately needed another payout.
Looking back, here are a few things I think every trader should do with their first payout.
1. Prioritise your comfort.
Pay off outstanding debts. Settle urgent bills. Stock up on foodstuffs. Address whatever has been putting you under financial pressure.
Give yourself some breathing room. You don't want to be trading while five different financial problems are staring at you.
2. Get yourself something tangible.
If your immediate needs are sorted, get something you genuinely like. A nice shoe, some clothes, or something you've always wanted.
Personally, I got clothes and shoes. Sometimes, when I wear them and someone compliments me, it reminds me that this thing actually works. It's a little psychological reward for your hard work.
3. Save and invest.
Don't let all your money disappear into consumption.
Consider putting 10β20% of your payout into savings or investments. Explore platforms like PiggyVest and Cowrywise.
The initial returns might be small, but the goal is to build a habit of saving and creating wealth outside trading.
4. Be strategic about getting another account.
I used almost half of my first payout to purchase another prop firm account, and it turned out to be one of my best decisions.
However, that doesn't mean you should do the same. Sort out your finances first. Don't purchase another account simply because you're excited about receiving your first payout.
5. Build an environment where you don't NEED trading to pay your bills.
This is perhaps the most important lesson.
Your next payout might come in two weeks, three months, six months or even a year. Nothing guarantees that it will come immediately.
You don't want to enter a trade thinking about your debts, feeding, bills and all the people waiting for you to send money.
That pressure can make you abandon your strategy, force trades and take unnecessary risks.
Your first payout should give you breathing room, not create more financial pressure.
Remember, the goal isn't just to receive your second payout. It's to build a financial structure that allows you to keep trading long enough to receive your second, third and tenth payouts without desperation.
Your first payout is a milestone, not a salary.
Treat it accordingly.
I received my first Forex payout and somehow ended up in the biggest debt I've ever been in.
Sounds ridiculous, right?
When my first payout came in, I felt like I was on top of the world. I had access to an amount of money I wasn't accustomed to having, and I wanted to enjoy every bit of it.
I spent almost half purchasing another prop firm account. The rest went into clothes, shoes and other things I had always wanted.
I wasn't saving. I wasn't investing. I just kept spending because I wanted to sustain that feeling of happiness that came with having money.
Then the money finished.
But I wasn't ready to accept that reality. I kept telling myself, "I'll make another payout in two weeks and sort everything out."
So I started borrowing. First, a little, then some more. Before I knew it, I was accumulating debts from different loan apps, eventually owing more than I had ever owed before my first payout.
And the worst part? The financial pressure began affecting my trading. I was no longer trading with the same patience and discipline because I desperately needed another payout.
Looking back, here are a few things I think every trader should do with their first payout.
1. Prioritise your comfort.
Pay off outstanding debts. Settle urgent bills. Stock up on foodstuffs. Address whatever has been putting you under financial pressure.
Give yourself some breathing room. You don't want to be trading while five different financial problems are staring at you.
2. Get yourself something tangible.
If your immediate needs are sorted, get something you genuinely like. A nice shoe, some clothes, or something you've always wanted.
Personally, I got clothes and shoes. Sometimes, when I wear them and someone compliments me, it reminds me that this thing actually works. It's a little psychological reward for your hard work.
3. Save and invest.
Don't let all your money disappear into consumption.
Consider putting 10β20% of your payout into savings or investments. Explore platforms like PiggyVest and Cowrywise.
The initial returns might be small, but the goal is to build a habit of saving and creating wealth outside trading.
4. Be strategic about getting another account.
I used almost half of my first payout to purchase another prop firm account, and it turned out to be one of my best decisions.
However, that doesn't mean you should do the same. Sort out your finances first. Don't purchase another account simply because you're excited about receiving your first payout.
5. Build an environment where you don't NEED trading to pay your bills.
This is perhaps the most important lesson.
Your next payout might come in two weeks, three months, six months or even a year. Nothing guarantees that it will come immediately.
You don't want to enter a trade thinking about your debts, feeding, bills and all the people waiting for you to send money.
That pressure can make you abandon your strategy, force trades and take unnecessary risks.
Your first payout should give you breathing room, not create more financial pressure.
Remember, the goal isn't just to receive your second payout. It's to build a financial structure that allows you to keep trading long enough to receive your second, third and tenth payouts without desperation.
Your first payout is a milestone, not a salary.
Treat it accordingly.
Doc_maduz retweeted
Also, pick assets that don't move together. In april btc and the dollar moved almost exactly opposite, a -0.90 correlation.
Doc_maduz retweeted
Very true bro... I support you
I recently lost a $5K prop firm account.
But interestingly, that loss didn't take me out of the game.
Here's why, and I think there's a lesson every prop firm trader needs to understand.
I had dedicated that $5K account to trading BTC, while another account was dedicated to EURUSD.
BTC wasn't particularly kind to me, and eventually, the account breached its daily drawdown.
But my EURUSD account was untouched.
I was still trading. Still in the game. Still had an opportunity to make withdrawals.
And that got me thinking about something traders don't talk about enough: diversification while you're still trading.
Most people talk about diversifying after you've made money from trading. Buying real estate, investing in stocks, starting businesses, etc.
But diversification should start much earlier.
Trading is a game of probabilities, not certainties. No matter how good your strategy is, there will be periods when it underperforms.
So why put all your trading capital, accounts and opportunities behind one strategy or instrument?
Here are a few ways to diversify:
1. By pairs: Dedicate different accounts to different instruments. One for EURUSD, another for BTC, etc.
2. By strategy: Run different, independently tested strategies across different accounts.
3. By asset class: Explore other markets where you have a proven edge. Personally, I'm interested in eventually allocating some capital to synthetic derivatives.
4. By capital allocation: Spread your trading capital across prop firms and personal accounts instead of depending entirely on one account or provider.
Of course, diversification doesn't eliminate risk. Different strategies and instruments can still experience drawdowns simultaneously. Everything must be properly tested.
But the objective is simple: Don't let one unfavourable period in one market bring your entire trading operation to a halt.
If you're serious about longevity in this business, especially as a prop firm trader, stop thinking only about getting funded and making withdrawals.
Start thinking about how to stay in the game.
Because sustainability isn't just about having a profitable strategy.
It's also about how you structure your trading around the probabilities of that strategy failing.
I recently lost a $5K prop firm account.
But interestingly, that loss didn't take me out of the game.
Here's why, and I think there's a lesson every prop firm trader needs to understand.
I had dedicated that $5K account to trading BTC, while another account was dedicated to EURUSD.
BTC wasn't particularly kind to me, and eventually, the account breached its daily drawdown.
But my EURUSD account was untouched.
I was still trading. Still in the game. Still had an opportunity to make withdrawals.
And that got me thinking about something traders don't talk about enough: diversification while you're still trading.
Most people talk about diversifying after you've made money from trading. Buying real estate, investing in stocks, starting businesses, etc.
But diversification should start much earlier.
Trading is a game of probabilities, not certainties. No matter how good your strategy is, there will be periods when it underperforms.
So why put all your trading capital, accounts and opportunities behind one strategy or instrument?
Here are a few ways to diversify:
1. By pairs: Dedicate different accounts to different instruments. One for EURUSD, another for BTC, etc.
2. By strategy: Run different, independently tested strategies across different accounts.
3. By asset class: Explore other markets where you have a proven edge. Personally, I'm interested in eventually allocating some capital to synthetic derivatives.
4. By capital allocation: Spread your trading capital across prop firms and personal accounts instead of depending entirely on one account or provider.
Of course, diversification doesn't eliminate risk. Different strategies and instruments can still experience drawdowns simultaneously. Everything must be properly tested.
But the objective is simple: Don't let one unfavourable period in one market bring your entire trading operation to a halt.
If you're serious about longevity in this business, especially as a prop firm trader, stop thinking only about getting funded and making withdrawals.
Start thinking about how to stay in the game.
Because sustainability isn't just about having a profitable strategy.
It's also about how you structure your trading around the probabilities of that strategy failing.
Doc_maduz retweeted
Chasing the feeling of that first payout is so real. Getting back to a $165 payout after a rejection and a 7% drawdown says more about your discipline than the first one ever did.
Doc_maduz retweeted
The hardest part of trading isn't finding a winning strategy; it's mastering your emotions when real money is involved. Discipline will always matter. π―
Doc_maduz retweeted
Early Morning Just Got motivated β€οΈπ₯π«‘
My first payout almost cost me my trading career.
I made $158, felt like I'd finally made it, and became so obsessed with getting that feeling again that I blew my funded account.
The painful part? My strategy wasn't the problem. My psychology was.
Here's how I went from blowing my account to receiving my second $165 payout in just three weeks. π§΅
My journey from evaluation to my first $5K funded account was disciplined. I followed my rules, executed my strategy, and eventually received my first payout after learning from an initial margin-rule violation.
The feeling was incredible. For the first time, I had that much money from trading. It felt like success at last.
I bought a $10K account and sorted out some personal needs.
But something changed.
I became obsessed with reliving that feeling.
I started anticipating my next payout, imagining what I'd do with the money before I'd even earned it.
After a few losses, I began forcing trades. I wanted to recover quickly and ensure my next payout happened.
My directional bias was often right, but my entries and exits suffered.
Overconfidence became desperation. Desperation became fear.
Eventually, I blew the account.
I took time to reflect and discovered the problem: I'd abandoned my rules because I was chasing the feeling of my first payout.
I borrowed $32 from Opay to reactivate my account and started again, determined to trade with discipline.
The journey wasn't smooth. My account went as deep as 7% into drawdown, but I kept working on my execution and eventually recovered.
I requested a payout. Rejected.
This time, I'd violated GFT's news-trading rules.
But I didn't panic. I accepted my mistake and continued trading.
Within three weeks, I made another $165 and received my second payout.
Here's what this experience taught me:
1. Don't become emotionally attached to payouts. Your next payout date isn't a deadline to make money.
2. A good strategy means nothing without disciplined execution. You can predict direction correctly and still lose through poor entries and exits.
3. Learn from mistakes without letting them control your next decision. A loss or rejected payout isn't permission to abandon your system.
4. Never chase the feeling of your first payout. Focus on rebuilding the discipline that made it possible.
My biggest lesson?
The goal isn't to feel successful every two weeks. It's to become disciplined enough to let your edge play out consistently.
The money is the outcome.
Discipline is the process.
And the process must always come first.
Doc_maduz retweeted
Take am play first, aside technical analysis being difficult the other undoing is your psychology, you can't set a timeframe for a payout, a payout might come in 1 month the next will be in 5months, making peace with this irregularities is what makes a trader. π
My first payout almost cost me my trading career.
I made $158, felt like I'd finally made it, and became so obsessed with getting that feeling again that I blew my funded account.
The painful part? My strategy wasn't the problem. My psychology was.
Here's how I went from blowing my account to receiving my second $165 payout in just three weeks. π§΅
My journey from evaluation to my first $5K funded account was disciplined. I followed my rules, executed my strategy, and eventually received my first payout after learning from an initial margin-rule violation.
The feeling was incredible. For the first time, I had that much money from trading. It felt like success at last.
I bought a $10K account and sorted out some personal needs.
But something changed.
I became obsessed with reliving that feeling.
I started anticipating my next payout, imagining what I'd do with the money before I'd even earned it.
After a few losses, I began forcing trades. I wanted to recover quickly and ensure my next payout happened.
My directional bias was often right, but my entries and exits suffered.
Overconfidence became desperation. Desperation became fear.
Eventually, I blew the account.
I took time to reflect and discovered the problem: I'd abandoned my rules because I was chasing the feeling of my first payout.
I borrowed $32 from Opay to reactivate my account and started again, determined to trade with discipline.
The journey wasn't smooth. My account went as deep as 7% into drawdown, but I kept working on my execution and eventually recovered.
I requested a payout. Rejected.
This time, I'd violated GFT's news-trading rules.
But I didn't panic. I accepted my mistake and continued trading.
Within three weeks, I made another $165 and received my second payout.
Here's what this experience taught me:
1. Don't become emotionally attached to payouts. Your next payout date isn't a deadline to make money.
2. A good strategy means nothing without disciplined execution. You can predict direction correctly and still lose through poor entries and exits.
3. Learn from mistakes without letting them control your next decision. A loss or rejected payout isn't permission to abandon your system.
4. Never chase the feeling of your first payout. Focus on rebuilding the discipline that made it possible.
My biggest lesson?
The goal isn't to feel successful every two weeks. It's to become disciplined enough to let your edge play out consistently.
The money is the outcome.
Discipline is the process.
And the process must always come first.
Doc_maduz retweeted
The $158 obsession is the most honest description of post-payout psychology on here. Treating the second payout as proof the rules work, rather than a feeling to chase, is what makes the third one routine.
My first payout almost cost me my trading career.
I made $158, felt like I'd finally made it, and became so obsessed with getting that feeling again that I blew my funded account.
The painful part? My strategy wasn't the problem. My psychology was.
Here's how I went from blowing my account to receiving my second $165 payout in just three weeks. π§΅
My journey from evaluation to my first $5K funded account was disciplined. I followed my rules, executed my strategy, and eventually received my first payout after learning from an initial margin-rule violation.
The feeling was incredible. For the first time, I had that much money from trading. It felt like success at last.
I bought a $10K account and sorted out some personal needs.
But something changed.
I became obsessed with reliving that feeling.
I started anticipating my next payout, imagining what I'd do with the money before I'd even earned it.
After a few losses, I began forcing trades. I wanted to recover quickly and ensure my next payout happened.
My directional bias was often right, but my entries and exits suffered.
Overconfidence became desperation. Desperation became fear.
Eventually, I blew the account.
I took time to reflect and discovered the problem: I'd abandoned my rules because I was chasing the feeling of my first payout.
I borrowed $32 from Opay to reactivate my account and started again, determined to trade with discipline.
The journey wasn't smooth. My account went as deep as 7% into drawdown, but I kept working on my execution and eventually recovered.
I requested a payout. Rejected.
This time, I'd violated GFT's news-trading rules.
But I didn't panic. I accepted my mistake and continued trading.
Within three weeks, I made another $165 and received my second payout.
Here's what this experience taught me:
1. Don't become emotionally attached to payouts. Your next payout date isn't a deadline to make money.
2. A good strategy means nothing without disciplined execution. You can predict direction correctly and still lose through poor entries and exits.
3. Learn from mistakes without letting them control your next decision. A loss or rejected payout isn't permission to abandon your system.
4. Never chase the feeling of your first payout. Focus on rebuilding the discipline that made it possible.
My biggest lesson?
The goal isn't to feel successful every two weeks. It's to become disciplined enough to let your edge play out consistently.
The money is the outcome.
Discipline is the process.
And the process must always come first.
After blowing more than 20 prop accounts, I finally landed myself a withdrawal.ππͺπΎ.
This is the biggest Money ever entering my account...... thank you Jesus ππΎ.
Thank you @GoatFunded
It can only be up from here
