But I never see the risks involved in it when I started it
But now I completely understand it in all aspects
Yes, I am living completely on my parents now
I have zero earning now
I am going through the worst time of my life
I have been a topper in my academics in school
Every other person in my school thinks of me like I would have been working on some good post now, some manager kind of thing in some bank or some company
But they are not aware that I have been going through this bad phase
If I summarize my trading journey of 5 years.
I lost majority portion of my 50k to 55k total loss in starting years of my trading career in just 1.5 to 2 years
Then there a phase come where I made a plan to recover all this majority portion of the loss in 8 months & you will not believe I able to do that doubling the account every month for the straight 7 months, and I did not withdraw anything, and in the 8 month I got greedy and become over whelming that yes I recovered all my loss, I told my parents that our life goiing to be changed, we will now get shift in a good house, but I lost everything in the 8 month..
and that was the day, when I never see that happiness again, I never again able to grow the account
and slowly slowly I start to loss more money but in this phase I was losing money but very slowly.
and then I also started making money, whenever I used to make profit, I started withdrawing it..
but again I need to deposit back that profit in my trading account to manage it
then I found that making profit, withdrawing it, and depositing it back is of no use,
i am not making any money
and when my bank balance reached minimum bank balance
then I jumped into this prop firm thing.
this prop firm thing teached me what is risk, what is reward, what is drawdown daily loss limit
and from here things started to click in my mind regarding drawdown, and daily loss, and loss in a single trade
I bought 4-5 challenges when it was an era of "my forex funds" "the funded trader" "true forex funds" "smart prop trader"
these are my first prop firms with which i started, I passed 3 challenges, and took 5 payouts with true forex funds & smart prop trader combined
it was a good experience, i was net profitable with prop firms
but I passed all these challenges without any strategy, no trading strategy
just with money management strategy that I have to make this much daily at any cost, do whatever but make this much daily
then after this I started asking money from friends and relatives,
and here is the time when investors of around 12,000 $ come to me,
I traded all the money in personal broker, and I lost all the money within 1 year, after trying hedging, after putting more money to save my account
but all wasted, I had to repay 12,000 $ + Profit promised = this result in a disaster for me, I went into severe depression here, and till now my family talk very less with me, only my mother talks to me in good way, and no one else talk to me
then because of no money left, no challenge left
I started to think that now we need some strategy,
we can never make money this way, if we have to look charts all day long, we cannot do this for lifetime, we will become old
we need to sort it out
I never knew what a strategy is, what we need in order to make a strategy
every other person on youtube say strategy, this strategy, that strategy but no one actually tells clearly
also in a long career, i tried multiple ways of trading, i played with sl, i played without sl, i played with hedging, nothing worked out, all fail in the end
but now I am confident that now I know, now I have what I needed
I think now I will become profitable.
You will never find anything on internet that is profitable.
You yourself have to think out of the box.
If you thinking like everyone else is thinking you are going to remain the part of those 95% traders who loss money
& if you thinking that somebody will give you their million dollar formula on internet just for free.. sorry man, if you give 1M $, no body will give your formula
you have to create your own formula..
and I have created one for myself..
and I believe this thing is going to work, and If it worked, I don't care whether these prop firms stay or go
as long as there is trading happening, I will become profitable, I will recover all my loss, I will make way more than what I lost, I can never make up for the time lost
but I will try to buy back time, with the profit I will make in near future
and I will make my parents proud again
and this journey will become ALL WORTH one day
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