God really puts things in your face when you need it most I literally did this this morning I didn't blow my account, but I took a unnecessary trade just because I wanted to take a trade smh even though it didn't meet my criteria lesson learned for sure trust the process and everything will come 💯
So glad I saw this .... been at it for 1year .... and I have recently been working on stepping back my approach... went down to micros, using a practice account if I just want to keep trading, lowered my daily loss... Lowered my daily profit target to $200 a day, consistency is more useful to me than taking big risk and paying more for blown accounts. as my skills grow my risk can grow untill then baby steps ... i want to trade with less stress with solid consistent returns
A 50k topstep is 2k max drawdown. In effect 500 would be 25%. ICT possibly just misspoke. As It’s his son’s account. …With futres props It’s safer to break down max drawn down and allow yourself ‘x’ amount of trades. Just trade 1-2 micros at most to start. Build a buffer, watch your trailing drawdown too. That can easily catch you out when in profit and over risk. ….The main speech is very solid advice. It’s worth playing over a few times
A $50 000 prop account is not a $50,000 account. It's a $2,000 account. In fact, not even that. Because of the sliding max drawdown -that goes up but never goes down - you can blow a prop account with less than a $1,000 total drawdown.
All you need is a system that allows you to win at least a $50% win rate.The sweet spot for $50,000 is risking $200. which gives you 10 trades to blow it. 1/2 risk to reward is all you need to make good money from props, especially when you have 3 $50,000 accounts, risking $200 per each with a 1/2 that's 400x3 = $1200. per winning trade. Let's say that out of 10 trades, you lose 5 = -$1000 and win 5 = +$2000 = which equals $1000 in profits. and remember to maximize your wins by adding to your winners. In conclusion, all you need is a hall of fame system that gives you the edge. spend more time in crafting your system and you will see the results. Free sauce right here!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Business owners and/or managers that work in those areas where entitled mindset people treat employees like they're less than human should put signs up that say " if you insult our employees you will be kicked out and never allowed back in" they are the ones that are less than human that disrespect people like that! One day they're gona answer the man upstairs why they mistreated his children!
@@mikolotsbe more important questions are "What is your strike rate, and how's your equity curve? Of what frequency do you take trades, and how do you handle losses?"
While I understand what you are saying and the story you are trying to tell this is wrong way to look at it. you are telling him to risk 750$ on a 50k account when he has at max 2000 to 2500 of draw down meaning he will blow the account in 3 or 4 trades. I wouldn't even risk that much on a 150k account. what do you get on 150k account like what 5k of draw down even at 1.5% of 50k you can only lose like 6 or 7 times, and it would be a blown account. Also the negative w/l ratio you are giving him will cause him to lose his account. You are saying risk 750 to make 100. Meaning 7.5 wins to every 1 loss to break even. What I would say is a good way to do it is only risk 1.5% of your max drawdown everyone needs to stop looking at this 50k as the money you have and look at the drawdown and respecting that as what you are allowed to trade. Because that is really all you have before the account goes bye bye. So, in that sense 1.5% of 2500 is 37.50 a day if he is wanting to get 100 a day to make 500 a week. Then you have to look at the space you want to leave for pull back into that ratio. If you smother that trade because you buy 1 mini contract at 12.50 a tick your going to insta exit trades where as if you get 5 mini contracts at 2.50 a tick you have more space and allows your trades to play out. That then changes his W/L ratio chance from 7.5 wins to every 1 loss to break even to 1 win to 3 losses to break even. Also, he won't blow account fast 2500/ 750 = 4 losses and account is blown. 2500/ 37.50 = 67 losses before the account is blown. 4 losses in a row is quite easy to blow an account whereas to 67 losses in a row to blow account is literally impossible to do. Now if he is set on doing a 150k account and has 5k drawdown I would do 1.5% of that = 75$ but I wouldn't go for 100$ I would keep the ratio's the same so I would shoot for like 225$ a day to keep my ratios the same. Like I said I understand what you are trying to present in this story but when you mix account sizes like this, and you use the so-called amount vs the actually amount usable it messes up the story from a logic point and can throw ppl off the wrong direction.
@@FOD786i mean i trade 1-2 times a day (london opening ny opening) on my 50k fundeds (5 of them copy trading) and i risk 200-300 on NQ precise lower time frame setups off of the HTF framework. its worked for me, passing 5 evals in 7 tries
![Quando Rondo - Grow Up [Official Music Video]](http://i.ytimg.com/vi/8zFnCg3BO4Q/mqdefault.jpg)
God really puts things in your face when you need it most I literally did this this morning I didn't blow my account, but I took a unnecessary trade just because I wanted to take a trade smh even though it didn't meet my criteria lesson learned for sure trust the process and everything will come 💯
This happens almost everytime until you start journaling and writing why you actually want to take the trade it’s not easy breaking free
So glad I saw this .... been at it for 1year .... and I have recently been working on stepping back my approach... went down to micros, using a practice account if I just want to keep trading, lowered my daily loss... Lowered my daily profit target to $200 a day, consistency is more useful to me than taking big risk and paying more for blown accounts. as my skills grow my risk can grow untill then baby steps ... i want to trade with less stress with solid consistent returns
A 50k topstep is 2k max drawdown. In effect 500 would be 25%. ICT possibly just misspoke. As It’s his son’s account. …With futres props It’s safer to break down max drawn down and allow yourself ‘x’ amount of trades. Just trade 1-2 micros at most to start. Build a buffer, watch your trailing drawdown too. That can easily catch you out when in profit and over risk.
….The main speech is very solid advice. It’s worth playing over a few times
Thank you so much sir 🙏 God bless you even more 🙏. Dm
Thanks for this 🙏. ICT has some amazing!! content that is lost in hours of ranting and I never would find. Like this. Great you carve these gems out.
his rants are good for a reason … missing out the sauce there
All of my mindset just changed after this,greedines was going to end me.
A $50 000 prop account is not a $50,000 account. It's a $2,000 account. In fact, not even that. Because of the sliding max drawdown -that goes up but never goes down - you can blow a prop account with less than a $1,000 total drawdown.
All you need is a system that allows you to win at least a $50% win rate.The sweet spot for $50,000 is risking $200. which gives you 10 trades to blow it. 1/2 risk to reward is all you need to make good money from props, especially when you have 3 $50,000 accounts, risking $200 per each with a 1/2 that's 400x3 = $1200. per winning trade. Let's say that out of 10 trades, you lose 5 = -$1000 and win 5 = +$2000 = which equals $1000 in profits.
and remember to maximize your wins by adding to your winners.
In conclusion, all you need is a hall of fame system that gives you the edge.
spend more time in crafting your system and you will see the results. Free sauce right here!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
some props dont have sliding max dd
solid advice from the king of drawdown
Needed that as well
Business owners and/or managers that work in those areas where entitled mindset people treat employees like they're less than human should put signs up that say " if you insult our employees you will be kicked out and never allowed back in" they are the ones that are less than human that disrespect people like that! One day they're gona answer the man upstairs why they mistreated his children!
It’ll get to the point where I just get tired
I was not profitable until you sir came up God will bless you 🥹
About how much you make per month now?
@@mikolots not the right question to ask
@@mikolotsbe more important questions are "What is your strike rate, and how's your equity curve? Of what frequency do you take trades, and how do you handle losses?"
Lier
@@nekonesto3125 Why not? he's saying publicly he's profitable.
Can someone send me link for original video please ?
well ICT never passed a challenge in his life , how does he expect his son to do it ?
Pls put the video ICT SON PLAN 10K - 500k in 5 years.
What ict video is this from?
The Inner Circle Trader
I think it's Livestream
His son was homeschooled and works at Starbucks ?
1:17 and you still don't 😂😂
You’re Miserable call god bro
What do u know jackass
Best trader on the planet
Brown Lane
While I understand what you are saying and the story you are trying to tell this is wrong way to look at it. you are telling him to risk 750$ on a 50k account when he has at max 2000 to 2500 of draw down meaning he will blow the account in 3 or 4 trades. I wouldn't even risk that much on a 150k account. what do you get on 150k account like what 5k of draw down even at 1.5% of 50k you can only lose like 6 or 7 times, and it would be a blown account. Also the negative w/l ratio you are giving him will cause him to lose his account. You are saying risk 750 to make 100. Meaning 7.5 wins to every 1 loss to break even. What I would say is a good way to do it is only risk 1.5% of your max drawdown everyone needs to stop looking at this 50k as the money you have and look at the drawdown and respecting that as what you are allowed to trade. Because that is really all you have before the account goes bye bye. So, in that sense 1.5% of 2500 is 37.50 a day if he is wanting to get 100 a day to make 500 a week. Then you have to look at the space you want to leave for pull back into that ratio. If you smother that trade because you buy 1 mini contract at 12.50 a tick your going to insta exit trades where as if you get 5 mini contracts at 2.50 a tick you have more space and allows your trades to play out. That then changes his W/L ratio chance from 7.5 wins to every 1 loss to break even to 1 win to 3 losses to break even. Also, he won't blow account fast 2500/ 750 = 4 losses and account is blown. 2500/ 37.50 = 67 losses before the account is blown. 4 losses in a row is quite easy to blow an account whereas to 67 losses in a row to blow account is literally impossible to do. Now if he is set on doing a 150k account and has 5k drawdown I would do 1.5% of that = 75$ but I wouldn't go for 100$ I would keep the ratio's the same so I would shoot for like 225$ a day to keep my ratios the same. Like I said I understand what you are trying to present in this story but when you mix account sizes like this, and you use the so-called amount vs the actually amount usable it messes up the story from a logic point and can throw ppl off the wrong direction.
He said maximum 1.5% , So it can be 1% or 0.5% but he can never go higher than 1.5%
What? You want to risk 200-300 dollars on eminis??? U crazy ? 500 is the minimum you must risk on eminis nq 300 on Es.
@@FOD786 so what you are saying is blow a 25k eval account in 3 trades got ya
@@derekgraham7472 yes. Exactly.. Dumb trades will def wipe out
@@FOD786i mean i trade 1-2 times a day (london opening ny opening) on my 50k fundeds (5 of them copy trading) and i risk 200-300 on NQ precise lower time frame setups off of the HTF framework. its worked for me, passing 5 evals in 7 tries
He isn't talking about his son. He is talking about himself. He cant trade
miserable rat
Make your own videos. Stop regurgitating other people's videos
hahaha how ironic just after blowing his robbins cup account LMAO
dick eating alert
ICT's son blew those accounts because his dad taught him a strategy that doesnt work
Chet up your teeth
No , It's because of his Psychological Disorder and Poor Risk Management
😂... It is working but he didn't listen. Compounding is key.
@@aldente1967 ict doesnt work i studied him for years its all bullshit
😂