Snagged the sell off during CPI on GU. Was lower risk trade due to news. I dont like to trade CPI generally as it tends to be wild! Done for the day. Maybe time to increase lot size on my trades. Still using same lots and risk from $200

Self funded vs prop firm… truth behind it

Almost at account double target already! Imagine doing this same model when you hit 100k.... youll be able to double an account within a month Its actually crazy the growth you can have. I think Tom hougaard had crazy returns last year as well. He ...

Self funded vs prop firm… truth behind it

Slow n steady. Didnt trade much today. Just took 2 smaller trades. Was busy with other stuff

Self funded vs prop firm… truth behind it

Gold is awesome to trade, can make huge profits, but also big losses. Also usually has lower leverage compared to other pairs. FX pairs work great and easier to manage. Just advice not being asked about lol. But I found when I stopped trading gold ...

Self funded vs prop firm… truth behind it

Try to add a few more rules to your trading plan Daily dd max allowed, Daily target, if you go past daily target becasue the setup presented itself. Dont allow a loss to be greater then you going below daily target. Example: You have a killer trade. ...

Self funded vs prop firm… truth behind it

100% Thats awesome you did that, and I love the minsdset! Next thing you know youre making enough each month to pay yourself and keep adding to total equity. Prop firm mentality I believe is the 1000x mentality. People are attracted to total capital ...

Self funded vs prop firm… truth behind it

Join in brother!

Self funded vs prop firm… truth behind it

Hit another double milestone today. 50-100-200-400. Next stop 800.

Self funded vs prop firm… truth behind it

See. 1 month 1 week.... what % is that? I dont know, dont care. Just trade

Self funded vs prop firm… truth behind it

See how easy it is. You're actually trading high risk with funded and dont realize. I started with $50 beginning of December, Only traded about 5-7 trading days since I been busy with other stuff.

Self funded vs prop firm… truth behind it

Then why does leverage matter. Only need 1:50 leverage and can still make huge gains

Self funded vs prop firm… truth behind it

Easy. I started another account beginning December for fun. Its already at $300 from about 7 trading days. Today was 60$, it takes a few months of growth.... but hey thats what you do when doing ohase 1 and 2. Except you end up with all the money, ...

Self funded vs prop firm… truth behind it

Sometimes just closing the toolbox for a few weeks and just focus on the trading is best. Its easy to get trapped into forcing trades when in DD. but it your focus on just trading and executing your system then the rest will take care of itself. ...

Self funded vs prop firm… truth behind it

My favorite thing, people are trading for free while trying to pass a challenge. Failure rate so high as well. They're trapped in a viscous cycle of trading for free while giving someone else your money Dont pay attention to balance for self funded, ...

Self funded vs prop firm… truth behind it

Yes its 400 But in order to pass youre 400 becoes 800 becomes 1600 phase 1 done 1600 - 3200 phase 2 and funded. Also in this example, once your funded you almost have the amount you can play with for daily limit. Now you have 3200, not just 400$ ...

Self funded vs prop firm… truth behind it

Lower leverage is better lol. It means youre actually trading the proper risk. 1:30 leverage is the best really. Then you can only risk a smaller amount max at a time. AKA these proper traders lol. Leverage is another thing people fall for. Higher ...

Self funded vs prop firm… truth behind it

That and the mental tricks behind it thinking youre only risking 1% of your capital. Its in a sense also not helping traders get better. I personally have been funded more then a few times and 5 figure payout before. I am just done on them and only ...

Self funded vs prop firm… truth behind it

read the first post. stats are 17% traders pass and of that even less make it to payout. You only have your daily drawdown limit as your account total. Because that is all you can lose in a day. If you buy a prop firm challenge and pass it, youre ...

Self funded vs prop firm… truth behind it

The average prop firm trader according to FE, the trader loses about 10 challenges before passing one. They share the stats and people still chase it thinking theyre the 10-20% Why not be the 80-90% who keep funds themselves, have all allocation ...

Self funded vs prop firm… truth behind it