I am with Tom Hougaard on the idea of RRR; I can only know what my risk is, not what the market will give me. You can only see how price behaves during the trade at different levels. RRR seems to makes people to invested in their analysis instead of trading the price action.
Love ur vids, content I can actually relate to, for me its mostly just not being confident in myself anymore, like hesitant to take a trade etc. After passing my account at the summer begining I blew the "live" account with almost 2k profit and from that time have just blown accounts, September was first month where I didnt blow a account and made 3% but I think there wasnt a day where I followed all my rules. This month im only focussing on following my rules consistently, dont care about passing or payout. Hope you have a successful journey, lets smash the 2025👊
Keep going and learn from mistakes. Enjoy the experiences - Good and Bad ones. It's just like enlightenment. Once it's clicked, everything will make sense to you. Don't give up. 🙂
To me is very simple. If your back testing data shows that your strategy gives you 1 to 3rr, then let the trade run until you reach TP. Let the edge play out. You taking partial just shows that you dont trust your data or strategy.
I can fully understand your problems with the 75%/BE/partial profit, I feel the same way. I've now started taking enough profit at 70% gain that I can leave my SL where it was and then when it runs back to the SL, I exit with zero
What's the point of taking profit at 70%? Just have your TP there then.. When you back tested and developed your strategy, was taking profit at 70% part of the initial plant or you just added it because you can't handle losses?
@@phillipkleopas7230 its not my strategy, but some trades just give you the feeling that you better exit now (close to full profit). i than rather keep my SL where it was - i dont do BE, because backtesting result show it often moves back to the entry and then goes straight to full profit. so i can take the maximum out of the trade
about the risk reward thing depends on your strategy in some strategy it may be good to take off a bit of the position in others it may be more profitable to not take any partials and let it either ride full tp or be or sl you need to review your data if you don't have data on it yet you need to test it and collect data over 100 trades at least on the first test is to take off a part of the position and see what you get over 100 trades and the second test is that you let it ride to full tp or to be and see what performes better
Just risk .25% per position and let them ride until New York close. You don’t know what the future holds so who cares. you shouldn’t get upset that a 5:1 position or 10:1 goes back to break even because you just don’t know. Price can move 200-700 ticks in your favor so don’t close early, unless it coincides with some restricted event.
you got this bro i blew my 100k funded account after payout lol now im doing a series of 100k and 200k challenge on my youtube. we will rise again bro lets go.
@@Emvyiii i got $2200 with ftmo now im funded with Alpha capital 50k account but waiting for payout in one week i will drop the video about how i pass the challenge tomorrow on my channel you can subscribe and check it out its still new )) thanks 🙏
Keep going bro 👊🏾. And the fact you dropped out of uni to peruse full time trading shows commitment all 9-5 does is cap your income Money is unlimited so why do us humans strive for capped income from jobs
Nothing wrong with having a job while also trading If you are solely relying on trading to pay your bills your emotions will play a huge part and affect you negatively most of the time
@@finfluence3873 if your not making enough money from trading a job on side is good to fund in meantime. However once you earn enough from trading and consistently profitable a job is not needed at all full time trading is the whole point
What’s up bro. Love your content. I think you should get more reps on your strategy by back testing. You shouldn’t change or think too much while trading live. If you are very clear on your strategy and know the stats, you shouldn’t second guess anything. While on the challenge you should just execute what you practiced on the back testing phase of your strategy
You can't beat these human emotions, create specific and defined processes for every situation and stick to them. Carry out purposeful practices to reform your psychology and how the brain works, this takes a long time but is impossible to fix by just saying it. Good luck 🙏
11:56 I would rather keep the a/c and pull myself out of DD and prove that I can actually trade my way out. otherwise your just likely to repeat the cycle again
You clearly do not have a clear defined edge or its too discretionary and needs further refinement ! Too many should of would of could of. All hindsight, how long did you spend learning and refining your edge? Also i would stop buying challenges at this stage even cheap ones take it from someone who has been down the same rabbit hole.
@@officialkamzie i would not even bother with personal if your goal is the prop route funds for personal are clearly limited. USE demo and take TIME to gain conviction in your edge. Then you start with a small prop account prove to yourself it is possible CONFIDENCE is essential. My mistake was not submitting to time and therefore wasted a lot of money in personal and tackling challenges way before i was ready and I'm sure its the same for most new traders. Avoid the same mistakes!
@@renzl9741 the end goal for all traders should be personal account period you can’t keep trading prop firms and rely on that as income for life they do shutdown and refuse payments
2 losses and 2 wins and you blew your account? How the hell did you manage that? I've blown numerous accounts but I'm now a funded trader and had my first payout recently. When I started trading less that's when I became more profitable. I'm taking 2 or 3 trades a week that's it sometimes I might not even trade one week I stopped trading Monday's and Fridays also as I think they are the most unpredictable days.
@@Trader_MD24 I agree. Not blowing an account but not passing the eval either, within 8 months, is EXTREMELY interesting. He definitely needs to explain his trading style more
I am with Tom Hougaard on the idea of RRR; I can only know what my risk is, not what the market will give me. You can only see how price behaves during the trade at different levels.
RRR seems to makes people to invested in their analysis instead of trading the price action.
Love ur vids, content I can actually relate to, for me its mostly just not being confident in myself anymore, like hesitant to take a trade etc. After passing my account at the summer begining I blew the "live" account with almost 2k profit and from that time have just blown accounts, September was first month where I didnt blow a account and made 3% but I think there wasnt a day where I followed all my rules. This month im only focussing on following my rules consistently, dont care about passing or payout. Hope you have a successful journey, lets smash the 2025👊
Keep going and learn from mistakes. Enjoy the experiences - Good and Bad ones. It's just like enlightenment. Once it's clicked, everything will make sense to you. Don't give up. 🙂
To me is very simple. If your back testing data shows that your strategy gives you 1 to 3rr, then let the trade run until you reach TP.
Let the edge play out. You taking partial just shows that you dont trust your data or strategy.
I can fully understand your problems with the 75%/BE/partial profit, I feel the same way.
I've now started taking enough profit at 70% gain that I can leave my SL where it was and then when it runs back to the SL, I exit with zero
What's the point of taking profit at 70%? Just have your TP there then..
When you back tested and developed your strategy, was taking profit at 70% part of the initial plant or you just added it because you can't handle losses?
@@phillipkleopas7230 its not my strategy, but some trades just give you the feeling that you better exit now (close to full profit). i than rather keep my SL where it was - i dont do BE, because backtesting result show it often moves back to the entry and then goes straight to full profit.
so i can take the maximum out of the trade
about the risk reward thing depends on your strategy in some strategy it may be good to take off a bit of the position in others it may be more profitable to not take any partials and let it either ride full tp or be or sl you need to review your data if you don't have data on it yet you need to test it and collect data over 100 trades at least on the first test is to take off a part of the position and see what you get over 100 trades and the second test is that you let it ride to full tp or to be and see what performes better
Just risk .25% per position and let them ride until New York close. You don’t know what the future holds so who cares. you shouldn’t get upset that a 5:1 position or 10:1 goes back to break even because you just don’t know. Price can move 200-700 ticks in your favor so don’t close early, unless it coincides with some restricted event.
you got this bro i blew my 100k funded account after payout lol now im doing a series of 100k and 200k challenge on my youtube. we will rise again bro lets go.
how much was the payout man, thats dope that you atleast got far enough to even get a payout
@@Emvyiii i got $2200 with ftmo now im funded with Alpha capital 50k account but waiting for payout in one week i will drop the video about how i pass the challenge tomorrow on my channel you can subscribe and check it out its still new )) thanks 🙏
Keep going bro 👊🏾. And the fact you dropped out of uni to peruse full time trading shows commitment all 9-5 does is cap your income Money is unlimited so why do us humans strive for capped income from jobs
Nothing wrong with having a job while also trading
If you are solely relying on trading to pay your bills your emotions will play a huge part and affect you negatively most of the time
@@finfluence3873 if your not making enough money from trading a job on side is good to fund in meantime. However once you earn enough from trading and consistently profitable a job is not needed at all full time trading is the whole point
What’s up bro. Love your content. I think you should get more reps on your strategy by back testing.
You shouldn’t change or think too much while trading live.
If you are very clear on your strategy and know the stats, you shouldn’t second guess anything. While on the challenge you should just execute what you practiced on the back testing phase of your strategy
You can't beat these human emotions, create specific and defined processes for every situation and stick to them. Carry out purposeful practices to reform your psychology and how the brain works, this takes a long time but is impossible to fix by just saying it. Good luck 🙏
im on a break too i think i need recalibrate and reset
11:56 I would rather keep the a/c and pull myself out of DD and prove that I can actually trade my way out. otherwise your just likely to repeat the cycle again
You clearly do not have a clear defined edge or its too discretionary and needs further refinement ! Too many should of would of could of. All hindsight, how long did you spend learning and refining your edge? Also i would stop buying challenges at this stage even cheap ones take it from someone who has been down the same rabbit hole.
Personal money compounding is the way to go and demo accounts if your still not profitable
@@officialkamzie i would not even bother with personal if your goal is the prop route funds for personal are clearly limited. USE demo and take TIME to gain conviction in your edge. Then you start with a small prop account prove to yourself it is possible CONFIDENCE is essential. My mistake was not submitting to time and therefore wasted a lot of money in personal and tackling challenges way before i was ready and I'm sure its the same for most new traders. Avoid the same mistakes!
@@renzl9741 the end goal for all traders should be personal account period you can’t keep trading prop firms and rely on that as income for life they do shutdown and refuse payments
Agreed this is good advice
@@renzl9741yeah time is your best friend in trading. There's nothing wrong with using demo's
2 losses and 2 wins and you blew your account? How the hell did you manage that? I've blown numerous accounts but I'm now a funded trader and had my first payout recently. When I started trading less that's when I became more profitable. I'm taking 2 or 3 trades a week that's it sometimes I might not even trade one week I stopped trading Monday's and Fridays also as I think they are the most unpredictable days.
About 6 videos back he stated he already had the account for 10 months. In this trading week he was in drawdown.
@@Trader_MD24 Regardless, what is your RR that you can win the same amount of times as you lose, yet still lose more money? 🤔
@@TheMorhaGroup Damm you’re right I didn’t even think of that, ingnore me.
@@TheMorhaGroupNow I wonder why the thumbnail only shows the two losses and not the wins. Hopefully he can shed some light.
@@Trader_MD24 I agree. Not blowing an account but not passing the eval either, within 8 months, is EXTREMELY interesting. He definitely needs to explain his trading style more
A 10k account, really?