How NOT To Pass A Prop Trading Challenge!
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- Опубликовано: 27 сен 2024
- Just because you passed the FTMO challenge does not guarantee that you will become a funded FTMO prop trader. Some of my students have passed the entire evaluation. However, some traders have failed the last step of the FTMO process, which is the FTMO verification stage. One of my previous students faced a similar situation where he successfully completed a supposedly more difficult task, the FTMO challenge, but couldn't pass the easier FTMO verification stage. The reason behind this failure can be summarized in one word - Impatience. This incident intrigued me, and I believe it's an interesting story to share. So, let's dive in.
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#proptrading #ftmochallenge #ftmo 
Развлечения
Its confirmed, i need you as my trading mentor!!!!
Haha 😂☝️💯
Very interesting Brand, i now think that 1:1 with 2% risk is the receipt of passing challenges, i curently doing challenges, taking 4 trades with 1:3 RR, so far 3 losses, 1 win, now getting back to breakeven, all trades run pass 1 R mark, if i did target 1 R with 2% risk, i would have passed the evaluation (target only 8%). And it's quite psychologically challenging getting stopped out after a trade pass 1 R mark 😂. Now that hearing the receipt from an expert really boost the confidence.
This advice goes in the wrong direction of top ftmo traders interviews. It Goes against smc and ICT concepts and philosophy, the market give you blessings of 1:5RR every day, it's crazy to cut the trade in the 1R.yep 10RR is just smc dream, but 5RR happens a lot, almost 3-4 times per day in the most valuable pairs.
Lol if all your losing trades are on 1R you should move your SL to this point and achieve the break even, pay the commission and reduce your losses.
Do you know that, right?
Your SL isn't frozen, you can move it like a crash game when you achieve a checkpoint.
Almost 30% of trades will be break evens
Then if you win the others 30% and lose just 40%
Ypu will be hell profitable with 1:3, 1:5 RR
Try it and watch the magic happening 🎉
Thank you. Yes that’s the recipe for passing the challenge. ☝️🙏💯
Well according to what you are saying you must manage millions of dollars and be on top of each leaderboard 😅. Why you even bother watching my content if you re such a superstar and you seem to know everything better 😂. Why don’t YOU create a RUclips channel and enlighten us with your trading perfection 😇. Happy and safe trading Eduardo from Brazil 🇧🇷
Don’t appreciate if a random dude gives advice on my channel. Create your own channel since you seem the godfather of trading 😜👍
hanx👍🙏 as always good content
Appreciated!
Love your content Bernd! Especially today´s video reminds me to treat my psychology very carefully right after a record week.
Btw, was waren für dich die 3 ausschlaggebenden Gründe, Deutschland zu verlassen und nach Dubai zu gehen?
Thank you! Much appreciated! We put a lot of effort and love in each of our videos!
Gründe: Sonne das ganze Jahr, Strand, Meer, nettere Menschen 😅. Best place to combine lifestyle and business. Das es keine wirklichen Steuern gibt und viel weniger Bürokratie hilft aber war nie ein ausschlaggebender Grund.
❤ Very useful sir
Thank you 🙏
I love this spin on the content covering challenge mistakes ❣ Very relatable 😅. How do you think the no-time limits can affect students psychologically? FTMO just removed the 2 stages 😲
Thank you 🙏. No-time limit I personally think will not make a big difference per se. Traders who are skilled will make it regardless. And novices will fail. Why? You can maybe pass one stage by luck. But three stages (including first payment) no way 😁
@@berndskorupinski thanks for the reply! I read this multiple times but I'm confused 😅. You mean cause getting to payout is still difficult with or without stages? I was wondering if no limits will make us more sloppy 🫣 "we got time anyway"
@@FreedomMoneyJourney yes. Getting to payout are 3 stages or in other words AT LEAST 3 months of profitability. Nobody unskilled will manage this. Regardless of time limit or not.
@@berndskorupinski true... And it should be more than 3 months anyway, long term profitability 🗓️✅
@FreedomMoneyJourney 100% right!
🔥
👌🤝
Finally I can brush my teeth😅
I told u 😂
@@berndskorupinski 😂😂😂 couldn't greet anyone hopefully the drawdown video comes out soon 🥰
Bernd, luv your video and content, but again I am confused, you have defended 1:3 1:5RR with 40-20% win rate that is just the sweet spot, but for pass the ftmo you suggest 1:1,doesnt make sense for me. At least you are giving this advice for extremely noobs, like, start doing 1:1 2% and you will improve, later you can eat more "solid food". I agree with 2% risk on challenges, as paladin teach, this because a 200k test cost 1400$ and can give you 20.000$ on average. A profitable prop firm trader is a machine of print cash 💵💵💵. For the emotional seesaw, just a few doses of Marco Aurelio's stoicism and you will luv to control and dominate your emotions. This Roman Emperor had the finest knowledge and techniques to tame this animal begind the screen 😂😂😂
First of all thank you that you actively participate on my channel. In general this is great for any channel no doubt. Secondly, go your own way if MY way doesn’t make any sense. And just a recommendation from my side: if you are such a star trader then don’t watch trading content from other people. What’s the point of this? Focus on your own craft and don’t second guess yourself. I have never ever watched any other “RUclipsr”. Once you are profitable then just scale! Never change a running system. And don’t waste your time. Your time should be too precious to be bothered with this. Anyhow. Happy and safe trading Eduardo from Brazil 🇧🇷😎
@@berndskorupinski sure luv your soft words, just inviting you to a sophisticated debate, would love to discuss and get feedback and good arguments why try 1RR not 3-5, I am not a hater, I am a fan, just a little guy asking Jesus about some celestial thing and waiting a sophisticated answer. But ok, you could do a video about this. Just a suggestion. Stay profitable and tuned. God bless
@@berndskorupinski and I don't comment just for you but for any other follower discuss. Listen Eduardo on my opinion and from my experience this 1R is better cause of x y z
@@eduardopimentel4861 thx for saying it. Some comments seem a little rough though 😇☝️. The 1:1 RR is only recommended for the evaluation phase because as you said a 1:1 is always very likely. This phase is only to pass the prop firm evaluation regardless of how you do it. Nobody will ask you how you passed this phase. So do what’s most likely to work. And that’s a quick 1:1 with 2% risk.
@@eduardopimentel4861 just answered this question on another comment from you. 1:1 is only recommended in the evaluation phase. This is the most probable outcome with a high win rate as well. Best practice for evaluation phases in my opinion.
@berndskorupinski Hi Sir, thank you for your vid. very very usefull. i just wonder and ask if 2 % risk on a challenge is not too risky ? i feel not really confortable, meaning in 5 trades challenge is over. i take max 2 trades a day london open and Ny open on th NQ CFD., yet only risking 500$ on a 100k ftmo account. RR 0.90 due to spread that i add to the SL, winrate 85 % . it goes slower but i feel like having more room if thunder strikes .... your opinion, thank you Sir.
If you don’t feel comfortable don’t do it. But I personally would question your skill level or trading strategy if you can’t handle 2% in a challenge environment. All my students pass it like this. But at the end it’s up to you of course.
Bernd, I want to ask you why you calculate Risk per trade from Balance? In my opinion, Risk per trade must be calculated from maximum allowed Loss. If we take your calculation 2% per trade, I see that a series of 5 negative trades results to stop challenge.
Do it as you want it doesn’t really matter at the end of the day. If you have 5 consecutive losing trades then you have bigger issues 😅. You should never have 5 consecutive losing trades!