i switched my mindset on firms. i use them as a tool to fund my live instead of trying to keep them for a long time. Anything can happen with theses firms anyway.
The mindset in Trading matters. You can mentally loose 800$ challenge fee and dont care when you have backup of 1 million Dollars. However you cannot loose 800$ challenge when its the only thing in your ACCOUNT. You only win in trading when you Trade without FEAR according to your stratagey.
I can vouch for passing accounts fast, you aint getting paid in the challenge phase, so you have to pass the account fast, which means utilising the only thing that is in your power as a trader, which is risk. The challenge phase doesn't define a trader.
I'm on the fence with this one. Go with the reputable firms compound till you reach max allocation on all those then be more risk on with the smaller firms and do everything you are saying in this video. The issue I see within the space is too many people approach the firms with no plan of what firm to use the industry standard currently is 8% and 5% if you are going to risk over 3% per trading idea are you not better off compounding on a live account with fractal amounts with same capital you would use for challenge fees? Lets say you aim for 1:2 and you full margin or half margin that trade if one trade goes well pull your equity out and place another trade if that trade goes well it would leave you on 1.5k you then place another trade if that goes well it leaves you on 4.5k in equity. As long as you win your first trade you will not loose any money and you still have freedom to trade the account how you want when you want. Also on average if it takes you more than 3 tries to pass a prop firm challenge this would be a better alternative as all you need is that first trade to not loose anything. If you have more money/equity to play with instead of 500 (which is roughly 2.5k in total) then the opportunities drastically increase without the worry of will I get paid out. You can also be more tax efficient if you use things like spread betting accounts, so if you aren't looking to get max allocation and sustain that allocation with firms why would you not take this approach and not risk not getting paid out, hindered trading conditions, heavy taxes, loosing allocated capital or firm going down as you stated is a clear issue for you within the space. I personally believe you are better off doing this especially if you have the capital only way I wouldn't is if you go with very bad firms that are giving crazy promos and you are trying to exploit that for a quick flip, which if you are you can't then be surprised or stung when the firm goes down. Especially when there are some very good firms that have been around for many years in both the retail and future space which you will encounter little to no issues as long as your risk isn't crazy and you don't get caught in their execution models and will likely get approached to manage private funds/ equity as long as you can show a decent track record its easier to make 250k with 5 million then it is with 500k so that 250k is repeatable. I am a no one though this is just some personal gems I got in the past
i started to do one trade to pass evals and its way less stressfull and actualy i am passing 50% of time. In live i use my normal strategy, eval is just formality tbh
Just buying breakouts of daily highs or lows with stop loss at bottom or top of that candle and 1:2 risk reward is quite bomb proof across every asset ive backtested 🤙 extremely easy and minimal screen time
I learned that you kinda just have to do what works for you in this trading game me personally I have a personal accounts I fund but also I’m funded with firms where I just compound the account for a few months then get a a nice payout 😂😂
i switched my mindset on firms. i use them as a tool to fund my live instead of trying to keep them for a long time. Anything can happen with theses firms anyway.
The mindset in Trading matters. You can mentally loose 800$ challenge fee and dont care when you have backup of 1 million Dollars. However you cannot loose 800$ challenge when its the only thing in your ACCOUNT. You only win in trading when you Trade without FEAR according to your stratagey.
I can vouch for passing accounts fast, you aint getting paid in the challenge phase, so you have to pass the account fast, which means utilising the only thing that is in your power as a trader, which is risk. The challenge phase doesn't define a trader.
What camera are you using for these videos mate ?
Looks good, gonna buy the same setup probably :D
I use a Sony A7C
@willssforex thx mate
Great video as always
Thanks man!
I'm on the fence with this one. Go with the reputable firms compound till you reach max allocation on all those then be more risk on with the smaller firms and do everything you are saying in this video. The issue I see within the space is too many people approach the firms with no plan of what firm to use the industry standard currently is 8% and 5% if you are going to risk over 3% per trading idea are you not better off compounding on a live account with fractal amounts with same capital you would use for challenge fees? Lets say you aim for 1:2 and you full margin or half margin that trade if one trade goes well pull your equity out and place another trade if that trade goes well it would leave you on 1.5k you then place another trade if that goes well it leaves you on 4.5k in equity. As long as you win your first trade you will not loose any money and you still have freedom to trade the account how you want when you want. Also on average if it takes you more than 3 tries to pass a prop firm challenge this would be a better alternative as all you need is that first trade to not loose anything. If you have more money/equity to play with instead of 500 (which is roughly 2.5k in total) then the opportunities drastically increase without the worry of will I get paid out. You can also be more tax efficient if you use things like spread betting accounts, so if you aren't looking to get max allocation and sustain that allocation with firms why would you not take this approach and not risk not getting paid out, hindered trading conditions, heavy taxes, loosing allocated capital or firm going down as you stated is a clear issue for you within the space. I personally believe you are better off doing this especially if you have the capital only way I wouldn't is if you go with very bad firms that are giving crazy promos and you are trying to exploit that for a quick flip, which if you are you can't then be surprised or stung when the firm goes down. Especially when there are some very good firms that have been around for many years in both the retail and future space which you will encounter little to no issues as long as your risk isn't crazy and you don't get caught in their execution models and will likely get approached to manage private funds/ equity as long as you can show a decent track record its easier to make 250k with 5 million then it is with 500k so that 250k is repeatable. I am a no one though this is just some personal gems I got in the past
What broker do you use for your personal please.
Admiral markets
I have the same strategy - I agree with You. Fast in, Fast out!
i started to do one trade to pass evals and its way less stressfull and actualy i am passing 50% of time. In live i use my normal strategy, eval is just formality tbh
? Prop firm?
Just buying breakouts of daily highs or lows with stop loss at bottom or top of that candle and 1:2 risk reward is quite bomb proof across every asset ive backtested 🤙 extremely easy and minimal screen time
Hi will, do you recommend trading with indicators? I've seen a lot of people move away from strategies like ICT to trading with indicators only?
find a mentor who does
Uploaded almost same time to Mike Gray, Personally watch only 2 traders & follow lot of things , You guys are amazing.
❤️❤️❤️
You look so shook in the thumbnail😂😂 keep it up bro, you been smashing it! 🔥🔥
Appreciate it!!
I am the same way with challenges. I buy 4 challenges and risk 4% per trade. I only look for A+ setups.
Have you managed to trade and get paid your style with ftmo ?
Yes, I have had $18k paid out by FTMO
@ check out Steve Ruffley you might like his mentality . He’s also got a couple of books out
only that I watch your videos for the last years , what company you take more money if you can shares thanks I I like your transparency
prop firm dont allow scale in?
I would like you to explore the Futures prop firm.
We would like you to teach us that.
They pay better long term and have a better reputation.
Your Myfxbook link?
Goodluck against Arman this weekend brother!!! AND STILL 🏆
Thanks man, easy win!
what propfirm disqualifies traders for placing stoploss after trade execution?
Many from what I have read
@@willssforex where can we get such information
How is your experience with alpha capital
I learned that you kinda just have to do what works for you in this trading game me personally I have a personal accounts I fund but also I’m funded with firms where I just compound the account for a few months then get a a nice payout 😂😂
Thanks sir🎉🎉🎉
👏👏👏
He did it. Idk what he’s done but he definitely looks guilty.
🫣
@willssforex got my eye on you bro
Advert every minute?
U right with the way these firms can go under i don't blame people for being aggressive 😂😂😂😂
TFF was the saddest one for me, they were such a good firm. 😢
Haha yep! Not good enough unfortunately!
@@willssforex yeah 🥲But we keep moving.
You need to calm down on the amount of ads you put on the video
It’s the same as in every other video on my channel…?
@willssforex oh sorry good video and content.. just so many ads
thank you! I will take that into consideration for future videos!
My son!!!
Makes sense ❤️
will 😎
Why do they start a prop firm if they can’t handle professional traders?!?😂 7:31
You think exactly like me bro
Maximize risk within the rule of daily drawdown and then push to pass the challenge first time 😊why not?
One of your best videos will unlike that hair cut 👍🫣
@@middlesbrough123 brutal 😂😂😂