Why Prop-Firm Traders Go BROKE (In 2024)

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  • Опубликовано: 21 ноя 2024

Комментарии • 164

  • @demdeadtv7633
    @demdeadtv7633 Год назад +79

    This is who we called a trader and a mentor not what others are doing on the media. Thank you for such 💯 information.🧠

  • @Ab_Inv
    @Ab_Inv Год назад +13

    Damn... The way he explained... Seriously this guy have gone through alot to be trader..

  • @MWOFX
    @MWOFX Год назад +16

    This channel is incredibly underrated - gems upon gems

  • @alirazakhakwani4472
    @alirazakhakwani4472 Год назад +11

    Learning: There are multiple factors you need to consider before you execute your trade. Having a Mechanical Strategy is the key to success with confidence. Thanks Waqar!

  • @jamesmwiza1598
    @jamesmwiza1598 Год назад +20

    Honestly this is so informative. I have a whole plan to begin my prop firm journey in 2024 which I was just sharing with a friend a few days back and truthfully speaking I was going to go down the traditional way of scaling from the smallest prop firm account to the biggest. But now I would like to consider going with the idea you have shared of diversifying my portfolio of accounts, whereby I buy multiple accounts and start them at different times like you have explained. Thank you so much WWA

    • @patrickrutaro9109
      @patrickrutaro9109 10 месяцев назад

      This is what I did recently after failing numerous times painfully at the second stages. It keeps you off so much pressure to pass one single evaluation account and in so doing messing up your psychology. Great piece of information in this video

  • @yeow0008
    @yeow0008 Год назад +5

    This is unadulterated hardcore valuable PRICELESS nuggets of wisdom given in the most straight up way....just love it. Came here after hearing you dropping bombs on that panel with Riz and Raja etc

  • @TradeWithGaurav16
    @TradeWithGaurav16 Год назад +6

    You just described why I am not profitable and now I just need to fix this..Thank You ❤️

  • @attainfx
    @attainfx 11 месяцев назад +3

    Again, here you are opening my eye and my mind. There is no words to thanks to you. This is 100% pure information.
    I have passed that level of looking for the perfect videos' on RUclips about trading, now I am no longer reading or watching new trades system. Is true that there is no better entry or bad strategy there is only winners and losers.
    No more RUclips distraction on RUclips. I am sticking with my way of approaching the market and attain posit pips to my account.

  • @KingKyzdg
    @KingKyzdg Год назад +4

    Most important is to gain market IQ. One can go around looking for more education, but if you actually backtest and forward test, you will gain the knowledge required to perfect your strategy

  • @shashwatbharti721
    @shashwatbharti721 Год назад +2

    he sounds always calm and compose would be nice to meet him in person keep up the good work

  • @davidreuter9320
    @davidreuter9320 11 месяцев назад +3

    Man, what an insightful video. You can see your passion for trading, and your disgust at the ones who treat trading as a pool to sucker newcomers out of their money! 👍
    I’ve only been trading 9 months, I paid for a 2 year mentorship for technicals and a 12 month for psychology, the valley of despair is something covered very well in the psychology, you keep repeating the first part of the cycle if you cannot see the focus and deliberate practice you need to put into just 1 strategy until you master it! I’m still not consistent of profitable, and I see the guys like yourself and the professional traders I learn from all say, it takes 2-3 years to really achieve that level, and I don’t have the arrogance to think I should be able to achieve what it takes others years to get to in just 9 months!

  • @oparugougonna
    @oparugougonna Год назад +2

    Learnt you need
    To have a plan , and be consistent and trade without pressure cause when the pressure is off you you follow your plan

  • @Janamuukeshshanmugam
    @Janamuukeshshanmugam 8 месяцев назад

    Bro is literally changing everything in my mind , and everything he is saying is true

  • @slide6314
    @slide6314 Год назад +2

    bro probs best video on prop firms on yt, thank u so much

  • @redvany
    @redvany 7 месяцев назад

    There are a lot of lessons and wisdom in this video. I only wish I had watched it sooner. I'm still happy I found it now.

  • @amazingm4182
    @amazingm4182 Год назад +1

    you were my first video of the day. dAMN GOOD MORNING.!!!! PREACH!💪

  • @user-zh6gv2mh9l
    @user-zh6gv2mh9l Год назад

    So much Value. The only trading channel with real insight

  • @filips2504
    @filips2504 11 месяцев назад +1

    even if hadn't seen your track records, i would say you're a professional in this craft just by listening your attitude to this business, seems that you do it not because of money, looks more like a passion)), there's only two values in this life - time and experience, and thank you so much for spending your time to share your experience with us.

  • @Na-ru9ve
    @Na-ru9ve Год назад +1

    Pure facts! practice, practice, practice! The part most people want to skip🤔

  • @mattteosr
    @mattteosr Год назад +1

    Waqar this is inside information people must watch... Thank you very much . Very usefull for people who dont come or have those kind of information enviroment

  • @Cuirenteria
    @Cuirenteria 9 месяцев назад

    12:25 was an awesome piece of advice. Market experience is king.

  • @tdsfx729
    @tdsfx729 Год назад

    I learned that first of all you need a lot of work, and someone to show you the right path before you can think about buying a property account.

  • @VLOG-ledi
    @VLOG-ledi Год назад +2

    Thanks , brother. Good advices ma shaa Allah.

  • @adnansaeed3618
    @adnansaeed3618 Год назад

    Thanks to sharjeel sir who shared this valuable and awesome video

  • @ndiayeahmadoubamba6506
    @ndiayeahmadoubamba6506 Год назад +4

    The last point : Yolo trade is why I'm not profitable for the last 2 years combined with overleveraging to catch up all the time lost. Not necessary to say that I'm a strong reversal trader.
    Definitely makes a lot of sense to me.
    We traders are eager of this kind of psychological content not this ir that magic strategy. As you said we had known enough. It's all about the mindset.
    Thanks for this incredible video. You've gained another subscriber

  • @TOMMYBANKS_001
    @TOMMYBANKS_001 Год назад +2

    Wow.... You've nailed every vital information to the wall!!!
    Thanks for this wonderful video 😊

  • @privacy312
    @privacy312 Год назад +1

    i love you waqar !! very smart person

  • @Financialsensei01
    @Financialsensei01 Год назад

    All thanks to Mr WARQAR ASIM ❤🎉

  • @HBill
    @HBill Год назад

    Thank you. More grace and more money

  • @alexl7444
    @alexl7444 Год назад +2

    A 2 hour info condensed into 20 min

  • @andrewhalttunen9406
    @andrewhalttunen9406 11 месяцев назад +1

    Straight info no BS, keep it up.

  • @patrickrutaro9109
    @patrickrutaro9109 10 месяцев назад

    The best video I've seen on RUclips regarding prop trading and the trading environment 🎉

  • @phathutshedzomudau2707
    @phathutshedzomudau2707 10 месяцев назад

    I wasn't expecting this kinda strong information and knowledge

  • @mmssniper
    @mmssniper Год назад

    ❤❤❤
    You are just a nabigha

  • @MuhammadAhmed.0
    @MuhammadAhmed.0 10 месяцев назад +1

    Last not least \ Quote by
    Bruce Lee (Edited for trader) : I fear not the man who has practiced 10,000 strategy once, but I fear the man who has practiced one strategy 10,000 times. Waqar Asim Brother Love from Pakistan ! veracity spitted

  • @laonelegwaila8435
    @laonelegwaila8435 Год назад +1

    Just clicked on this video.
    Excited to hear what you have to say

  • @IndicesHunterWilliam
    @IndicesHunterWilliam 10 месяцев назад

    Honest! Fruity!Sincerely!

  • @danukarupasinghe8319
    @danukarupasinghe8319 Год назад +1

    Great video brother ! Can change the whole mindset of a new trader . Appreciate that. 💯

  • @blackhatx075
    @blackhatx075 6 месяцев назад

    Salam Waqar, I started intraday trading one year ago. Before, I just was investing or making position trades and got funded less. I watched many RUclipsrs and you’re one of the most legit ones. I’m on my journey becoming a profitable trader and I will become a full time trader soon (inshallah). Im so thankful and may allah bless you for ur honesty. Thanks a lot brother.

  • @jameslinmd
    @jameslinmd 10 месяцев назад

    There is a difference between a mentor and a master trader. A master trader can teach you their strategies. But a mentor should be able to direct you to the path of profitability. No. You don't need to jump from one master trader to another to learn. You need a mentor who knows your problems and help you to become a better trader.

  • @Gwdufsm
    @Gwdufsm Год назад

    I respect this guy a lot not for his style of trade cos I dnt trade smc but it's his process, and mind set I learnt a lot from him. THANK YOU AND MAY GOD BLESS YOU IN EVERYTHING YOU DO. YOU AND A FEW OTHER HAVE CHANGED MY LIFE BY JUST WATCHING YOUR VIDEOS. CHANGD MY MIND SET. sorry for caps had to make it bold for the world to know how GREAT YOU ARE

  • @zmcapitals4511
    @zmcapitals4511 Год назад

    Amazing video 🔥🔥

    • @WaqarAsim.
      @WaqarAsim.  Год назад

      The man, the my, the legend 💙🙏🏽

  • @dalitsoandrekamwendo9567
    @dalitsoandrekamwendo9567 11 месяцев назад

    23 mins of highly valuable information👏🏽

  • @likeris2
    @likeris2 10 месяцев назад +1

    if you understand what he are talking - you good to go.

  • @divin3d3signs
    @divin3d3signs Год назад

    You are talking fact after fact, this is a must see video for all beginner/mid traders

  • @profx4296
    @profx4296 Год назад

    Perfect presentation

  • @reza5997
    @reza5997 Год назад

    Wow, what can I say... Just make sure you watch it a couple of times.

  • @maestros9
    @maestros9 Год назад +1

    absolute banger, thanks for sharing the valuable information.

  • @fxbiz8211
    @fxbiz8211 10 месяцев назад

    Ah...GOD bless you Sir🙏🏿

  • @snowfx_1
    @snowfx_1 Год назад

    Thank you, this is really powerful

  • @mehedihasan6366
    @mehedihasan6366 Год назад

    Logical video with conscious clarity.Keep up the amazing work 👍 appreciate it Brother ✌️

  • @Cantfindahandleuei
    @Cantfindahandleuei Год назад +2

    If the algorithm catches this and people listened, it changes the game

  • @marvinuio5265
    @marvinuio5265 8 месяцев назад

    There are even $1 funding accounts available as a form of Bootcamps.

  • @adepaslo
    @adepaslo Год назад +1

    You change mi mind with the second point, it’s seem as if you read my mind, I will take the second advice for sure

  • @Lachyp1992
    @Lachyp1992 9 месяцев назад

    Fantastic video. Everything in this is so spot on and definitely a lot of info here that most new traders simply don't even consider.

  • @ppcc2628
    @ppcc2628 11 месяцев назад

    Actually really good video! "2019 first prop firm on the market" Prop firms been around since late 90's and this current model has been around since 2010 when Toptep started.

  • @awoniyigbolahan1742
    @awoniyigbolahan1742 11 месяцев назад

    I could have stopped watching at 2min in.
    You speak very nicely. And you're academically brilliant.

  • @hussfx
    @hussfx Год назад

    You’ve gained a subscriber! Thank you!

  • @ScruffyWarlord
    @ScruffyWarlord 9 месяцев назад

    This video was an absolute gem!

  • @ericc2414
    @ericc2414 Год назад

    I really appreciate you sharing

  • @guillenlandburg
    @guillenlandburg Год назад

    Thank you so much for sharing ! I really appreciate the honesty and transparency ! ❤

  • @DreaTrades
    @DreaTrades Год назад

    Thanks Umar Ashraf

  • @ALi-t7p6x
    @ALi-t7p6x 4 месяца назад

    Thanks for your advice as a big brother❤

  • @shamikd14
    @shamikd14 Год назад

    Thanks Waqar for genuine advise.

  • @jacoblehman8714
    @jacoblehman8714 Год назад +1

    propfirms are a great opportunity for someone who has no money and is willing to build a profitable trading strategy

  • @Bankersgotbangers
    @Bankersgotbangers 11 месяцев назад

    One of the best videos I’ve watched forex wise appreciate the effort 🙏

  • @emmanuelmsundwe9656
    @emmanuelmsundwe9656 8 месяцев назад

    Your content is always always insightful. Thanks Waqar

  • @nofomo6629
    @nofomo6629 10 месяцев назад

    The Value in this video is remarkable! I have done just what you mentioned with GU the last 3 years developing my strategy. Keep sharing the sauce big dawg! Much Appreciated!

  • @weiSane
    @weiSane 11 месяцев назад +1

    At 3:07 your deduction about why most people get the 5k accounts is flawed. It’s not because they are not confident in their strategy. Majority of the people get the 5k accounts because that’s what they can afford since most are usually from developing countries and having to shell out more than 100 USD for a bigger challenge account is such a strain or it’s tough.

  • @rulerent2656
    @rulerent2656 11 месяцев назад

    I love that Alex Hormozi life philosophy process hahaha

  • @haroldalviscordoba5074
    @haroldalviscordoba5074 Год назад +1

    yo modifique mi horario de sueño para despertar en la sesión de Londres soy de Colombia me acuesto a las 7pm y despierto a las 2am duermo 6 a 7 horas estoy dispuesto a matar o morir en el intento las excusas no existen si realmente se desea algo, hay que estar dispuesto a morir por ello, el resultado que se busca se encuentra en aquello que se está evitando, adiestrar al operador en el control total para seguir el plan a muerte, gracias leyenda, bendiciones.

  • @UnmaskedFinance
    @UnmaskedFinance Год назад

    Very profound. Listening to you for the first time during the round time on Riz podcast, I knew a lot of value is in you. Thanks for this sir

  • @psychotradersug
    @psychotradersug 7 месяцев назад

    this has been some good content bro. thanks alot

  • @adrianbadorrey
    @adrianbadorrey Год назад +1

    what a great video waqar!! i found really helpfull all the information you shared in here. The way you, alex and wally elevated my trading and not just that but also my growth as a person and trader is what makes me know im in the correct place with the rigth people, WWA fam forever💯🖤

  • @vladi_zr
    @vladi_zr Год назад

    Incredible content bro. So happy I found your channel. Keep it up!

  • @kwesigaspencer652
    @kwesigaspencer652 11 месяцев назад

    This is the kind of Knowledge i have been looking for before entering challenges
    Gratitude Bro💯👌

  • @user-bh3kt5ci9m
    @user-bh3kt5ci9m Год назад

    keep it going brother

  • @jacoblehman8714
    @jacoblehman8714 Год назад

    many people have been long term successful through prop firms. let it go bro.

    • @WaqarAsim.
      @WaqarAsim.  Год назад +1

      Yes, less than 1% of traders make it to 2nd payout

  • @Christianchinemelum
    @Christianchinemelum Год назад

    Thank you so much for sharing this information

  • @okaforvalentine9940
    @okaforvalentine9940 Год назад

    This guy is a mentor

  • @mrarko1716
    @mrarko1716 6 месяцев назад

    Thanks for this video and information ❤

  • @_andy1995
    @_andy1995 Год назад

    Gems in this video as always waqar
    call me old school but I preferred wwa style edits you used to have all other guru videos look like iman now

    • @WaqarAsim.
      @WaqarAsim.  Год назад +1

      Thanks for the feedback and being a long term viewer. I’m in agreement, unfortunately with the competitiveness of algorithms and peoples ever diminishing attention span, we have to curate content in such a way to get our core message out.
      As the say, the game is the game

  • @ctwraps6308
    @ctwraps6308 9 месяцев назад

    Maximize on those keywords. Great video homie

  • @socrateswm
    @socrateswm Год назад

    Solid info!

  • @vd_1990
    @vd_1990 11 месяцев назад

    Top knowledge! Thanks for this.

  • @mdzubairansari188
    @mdzubairansari188 Год назад

    Real value

  • @BojayBeats
    @BojayBeats 11 месяцев назад

    im now 6 months in trading and feel now ready to start an prop firm challange. i got a 5k challange for free from alpha captial and if i pass this challange i will only risk 0.5% every trade so i wont loose that account because with that money i make with that account i want to buy new prop firm challanges

  • @pasekaalbert3778
    @pasekaalbert3778 8 месяцев назад

    Brilliant insights

  • @xxxtentacionforever1374
    @xxxtentacionforever1374 Год назад

    Great video❤

  • @ashishgodse9113
    @ashishgodse9113 Год назад

    VERY GOOD WAQAR, KEEP IT UP BRO!

  • @Tabloo-j2r
    @Tabloo-j2r 4 месяца назад

    Seriously u helped me in my trading journey ❤❤❤

  • @mervynmontague1811
    @mervynmontague1811 10 месяцев назад

    Interesting and informative 🇯🇲

  • @IamBTC
    @IamBTC Год назад

    Thank you man❤

  • @JosephKings-j9f
    @JosephKings-j9f Год назад

    this is art

  • @scalecompany7195
    @scalecompany7195 Год назад +1

    What a great video. Have learnt that even with the easy access of prop firms account, one needs to have the best tools like good strategy with a clear RR, discipline and self believe. After that one has to invest his capital wisely when buying prop firm accounts while understanding the RR of prop firms. Thanks Waqar

  • @matin1293
    @matin1293 Год назад

    That was awesome & informative❤

  • @mpk4623
    @mpk4623 11 месяцев назад

    Respect brother for your honesty hearing you speak about the market helped me a lot i am new to this trading your videos is been useful 👊🏾💯

  • @abdulmahmoud5243
    @abdulmahmoud5243 11 месяцев назад

    There was a lot of pin point facts said in 22 mins. I had to check about 4 times to confirm if the video really is 22mins

  • @zachwillason
    @zachwillason Год назад

    One of the best trading videos I’ve ever seen. Thank you bro

  • @rohanchandgude7968
    @rohanchandgude7968 8 месяцев назад

    Awesome very usefully content ❤