It’s worth the challenge fee. It’s like taking a $550 stop loss for a $10,000 take profit. You basically get 10k for $550. Prop firms changed my life. I never would be where I’m at with only $1000 of risk to trade with. I’m funded with 200k, or 20k to trade with.
It’s worth it for consistently profitable and experience traders like 5-6% out of 100 challengers. Many new traders after taking up a course for a couple of months thinks they can just passed the funding challenge which is why they keeping failing again and again. Still they keep on taking the challenge thinking this time they can make it. Not knowing the only way to manage and passed these challenges is after being consistently profitable on the small live account(for starters) and able grow it long term…
@@michaelj.pasley5283 wow 10 years is a long time bro, I respect your persistence and determination to reach your goals even though the path was undoubted difficult. No doubt the vast, vast majority of people would have quit by then, it takes a special breed to keep going for as long as you did before reaching your goals. I'm 4 years in myself, I was putting in good effort for the first 2 years and started doing well on a small account after 1.5 years of starting, but I got over confident and started betting big. I made great money initially but then that messed my psychology up even more and then I lost it all plus several thousands more when I tried to revenge trade my way back to where I was. After that, I took time off from the markets in terms of actively trading and journaling. I was just a passive observer of the markets and focusing on my 9-5, however that's no more. I'm 26 now and have realised that Trading is the only thing I want to do in life and I absolutely cannot keep doing this 9-5 forever. I will do the 9-5 for as long as it takes but that fire for trading has been sparked in me once again, and this time I know it's for good. I have been putting in solid effort in terms of tracking and journaling and I'm now focusing purely on learning and mastering the art of trading, rather than making life changing money as fast as possible. I'm finally on the right track and with the right mindset and hopefully in a few years I can also be a fully funded, self employed, profitable trader :) Thank you for your comment bro, it really did inspire me.
@@WiseFoolTrades thanks for the kind comment. you got this man. I’ve made money 23 weeks in a row with the prop firm. Once I turned the corner I never looked back. Just trade small, no more than 1 percent risk per day. 1 percent profit per day is $2000 a day on a 200k funded account. Going into my 12th year in 2023. You sound like you also have the determination to make it. I hope you don’t take 10 years like me but if you do, know it will be worth it. I’m 32 years old now so by my age you should be killin the markets! Best of luck to you.
Surely it's all about risk management?? Yes, I get that stuff happens and you could end up going -10% if you have a big drawdown streak BUT if you're only risking max 1-2% per trade then if you've got a half decent strategy that should be avoidable. IF I had 'my own' £100k trading account then I'd still only risk 1-2% per trade anyway - I think the error people make is not understanding risk management. Bottom line is 5% / month on a £100k funded account is still £5k (less the prop firms 20% cut). READ READ READ the rules before taking the plunge.
Thank you Nick for pointing this out. Whenever presented with an offer , esp one that sounds too good to be true. I always put myself in the other parties shoes and analyze what they are getting out of me. So i have come to 3 conclusions . 1. The majority of new traders will pay the $550 and eventually give up or forget about it . No loss to the platform. 2. They are monitoring the way the average consumer trades and with what indicator and patterns and selling the data to the big boys . 3. They are data harvesting the demographics ( KYC ) of the average trader and selling the data to brokers , online retailers , etc for easier target advertising .
Hey Nick. This is an amazing observation that you are making here. In my humble opinion, I feel that most traders fail to realise one important aspect, that YOU ARE A RISK MANAGER BEFORE YOU ARE A TRADER. Now when you are looking to approach a funded challenge, you need to keep in mind your average strike rate and your average risk to reward and work out a risk management formula that is feasible to the said challenge. More often than not, traders have to adjust their strategy and risk management approach to suit the viability of passing a challenge and then readjust the risk to maintain and keep the account in the longer term with enough buffer to survive a losing streak. So essentially risk management is key with prop firms, more than anything. If you keep that in mind then you are more likely to succeed and stay in the game for the long term.
It's worth it because having the large capital to trade with is amazing. Everybody talks about the max drawdown without realizing they are still allowing you to trade with the power of the whole account. The profit you make is from the overall amount of the account, not the drawdown. It's really not that hard to get, but people will always make things that are good seem bad. I think it's just a human nature thing.
i say its no good because of the rules if u want rules then get a job cuz its just like working for some one else where they can take it away anytime they want but if u have ya own account just u and a broker account u have no rules u can hold trades as long as u want dont have to worry about a daily draw down because i had my account draw down pass 5k that would have been it if i was on a funded account but i know when trading it will draw down then turn around so when it draw down to 5k then it went back up 3 times that and i made 3 times the profit just build ya own account stop being lazy and u get to keep ya money with out a profit split
You just have to admit you are risking 10% of your fee when risking 1% in a 10% drawdown based "PROP trading account". And you also have to admit you are only funded $10,000 dollars risking 10% of what YOU OWN every time you take a 1% trade. For most people this is a good way to go about building 5 figures or hopefully 6 figures worth of capital with less than 1000 dollars invested. But you have to admit that you are not trading 6 figures, and again admit you are taking trades at high risk. This is a crucial part of understanding the game, prop firms are built like a casino with its infrasture designed for the majority to lose, and as a small fish your goal should be to milk as much as possible out and build your own capital for true freedom. Once you have your OWN MONEY in a trading account, then risking 1% really is what it is, protection based risk management. In a funded account you have huge exposure.
One prop firm I was interested has 100k account, can trade stocks. The trailing max drawdown is 2k and daily max loss is 1k. Weekly max loss is $1,500. Basically a 1 to 2k account. Also, you need to pass a consistency rule. Is it worth it for $200 a month? $200 is their cheapest option. The profit goal for step 1 is $2,500. Step 2 is 10k.
Drawdown/constraints wise it's true that you are basically trading a 10k acc rather than a 100k for $550 which is not actually good for the price you are paying. However, profit wise you can really say that you are trading with a 100k account since the position size you will be taking will be based on the 100k total capital. All in all, it will really depend on you if you want to take the challenge or not.
Exactly Nick... what im on with MFF for example is $84 for a $10k account but I immediately noticed that its really only a $500 account because that's the daily drawdown limit. But I still think its worth it because I've try a million times to grow a small $20 account into something worth withdrawing
That's why risk management is super key. You risk at most 1 per cent per trade. If you lose 5 in a row that's the 5 per cent drawdown reached. At that point stop trading and start again the next day.
😂😂😂😂😂 bruhhhh I’ve done flipped $30-$700 lost it, $20-$800 lost it and so on. It’s just so heartbreaking 😂😂😂😂😂😂 i got 2 days left in my first first of my ftmo challenge. It feels a lot smoother and can now finally risk 1 percent & make a decent 3-4 percent per trade.
It would be a no for either of them from me simply because of the 30 day time limit. Something like CTI or FTP works really well for me because of the 1-step challenge and a lot of time to let trades play out if you’re a swing trader.
Another important thing to know with prop firms is that it’s all DEMO funds. So think about it if they give you demo accounts to trade from and have no actual exposed risk, then why would they give you these tight rules? Simply to limit you to make decent money otherwise their business model won’t be profitable for them
At the expense of sounding stupid... ...I can understand that the evaluation accounts are demo. But you mean when you actually pass and get "funded" with a live account, it's still not real funds? Is their business model to amass the fees of the statistic 80%-ish that fail the challenges to payout to these that turn a profit (profit-split)? With no actual money involved from the Prop firm? I'm now curious 🤔
@@dabadah86 Yes it’s all demo accounts even the funded account. They still pay you out though. It’s exactly like you said, their business model is to get money from the 80-90% that fail, and then pay out the clients that make money. That’s why they have all these rules so that you can’t go and make a large amount of profit. All of the payouts are like expenses or “losses” to them because it comes out of their own pocket
Are there rules like drawdown and maximum daily loss once you pass the challenge and get the funded account or can you trade as you will without any restrictions?
In my opinion, The only prop challenge worth taking is the Lux Trading Firm. Scalable to $10 million account, NO trading period, sensible rules, decent targets bothways, decent price also.
Another reason I think they are worth the money, is that I simulated the starting balance of a funded account twice this November, traded them and I would have passed the 2 evaluation challenges for real. But then again I feel there is just something about paper trading that makes you not give a kcuf.
Nick Nick Nick...let's keep this mathematically short and clear. You pay $550 to get the $100,000 account, of which you are allowed to play with only 10% of it. This means that the actual amount you are given to trade with is $10,000. You have understood that and explained it very well. Now, say you decide to trade your own $550 with proper risk mgt and make 10% profit per month, which is $55. The other trader goes to purchase a prop firm account and get's $10,000 (actual amount on a 100k challenge) This trader now has a capital that is 20 times greater than the one trading with $550. If he also makes 10% profit per month, that's $1000 profit, which is almost 20 times greater than $55 If your capital is magnified 20 times, HOW IS THAT NOT WORTH IT?
Hello, I'm still in education and living at my parents house and I've been practicing and learning forex for a while now and I want to try and get funded but I have no money. Are there any funding company's that doesn't require a deposit or sign up fee? I would love to surprise my family with some money to help them out next year as we've been struggling financially recently. Thank you!
So for a 100k static funded account (say for ES futures) Cost: 165 per challenge (with 75 reset if failed) + 80 monthly if passed. No withdrawal till 100 above 100k. Benefit: I get 2 contract max (margin of ard 1000 with discount broker) with a max drawdown of 625. Does this makes sense to pay? Is it really 100k in capital to trade?
Let say u bought a challenge, and on the first day, you are able reach the profit target. But because of minimum 5 trading days rule, your challenge not complete yet. You still need to trade on at least 4 another trading days. Usually trader just using trick to open and close the trade in a few second to fullill this rule after they reach the profit target.
It's a waste of time and money. Even if you made 1k with trading, they set a fixed fix DD. It's 5k, not 6k. In other words, even if you made 10k, your account will be suspended if DD exceeds 5K. It's a ridiculous worst condition. But I understand their tight conditions. It's their money. But it looks like a trap to me. 99% of traders will not succeed in this service.
Instant funding growth programs are better in the fact that you got like 6 months to make 6 percent to get access to the first account, so the time restriction is not there, Most people blown up challenge accounts cause they overleverage cause you got only 3 trading weeks to pass
@@amarokdcs1062 I been funded with mff since may an it’s been great , I’ve passed Ftmo as well but I was looking into e8 they just kinda new imma give it some time
U r not wrong in general, but u should go deep into numbers. Once u do that u realize that Trading Prop firms is almost 4 times better than trading ur own money (=4 times bigger chances)...and I can proof this completely MATHEMATICALLY
Account size doesn't matter. The questions are, WOULD YOU PASS THE CHALLENGE? if you passed the challenge and verification and become a funded trader, HOW LONG COULD YOU KEEP YOUR FUNDED ACCOUNT? ACCOUNT SIZE IS NOT THE IMPORTANT PART TO BECOME A SUCCESSFUL TRADER... SO...BOTH ACCOUNTS SIZES ARE WORTH IT.
It’s worth the challenge fee. It’s like taking a $550 stop loss for a $10,000 take profit. You basically get 10k for $550. Prop firms changed my life. I never would be where I’m at with only $1000 of risk to trade with. I’m funded with 200k, or 20k to trade with.
@@Liam25025 keep going. It took me 10 years to learn how to trade but it was all worth it. You got this bro.
It’s worth it for consistently profitable and experience traders like 5-6% out of 100 challengers. Many new traders after taking up a course for a couple of months thinks they can just passed the funding challenge which is why they keeping failing again and again. Still they keep on taking the challenge thinking this time they can make it. Not knowing the only way to manage and passed these challenges is after being consistently profitable on the small live account(for starters) and able grow it long term…
@@Baan_khumba completely agree 95 percent will fail to pass the challenge. Best to make sure you are profitable first.
@@michaelj.pasley5283 wow 10 years is a long time bro, I respect your persistence and determination to reach your goals even though the path was undoubted difficult. No doubt the vast, vast majority of people would have quit by then, it takes a special breed to keep going for as long as you did before reaching your goals.
I'm 4 years in myself, I was putting in good effort for the first 2 years and started doing well on a small account after 1.5 years of starting, but I got over confident and started betting big. I made great money initially but then that messed my psychology up even more and then I lost it all plus several thousands more when I tried to revenge trade my way back to where I was. After that, I took time off from the markets in terms of actively trading and journaling. I was just a passive observer of the markets and focusing on my 9-5, however that's no more.
I'm 26 now and have realised that Trading is the only thing I want to do in life and I absolutely cannot keep doing this 9-5 forever. I will do the 9-5 for as long as it takes but that fire for trading has been sparked in me once again, and this time I know it's for good. I have been putting in solid effort in terms of tracking and journaling and I'm now focusing purely on learning and mastering the art of trading, rather than making life changing money as fast as possible.
I'm finally on the right track and with the right mindset and hopefully in a few years I can also be a fully funded, self employed, profitable trader :) Thank you for your comment bro, it really did inspire me.
@@WiseFoolTrades thanks for the kind comment. you got this man. I’ve made money 23 weeks in a row with the prop firm. Once I turned the corner I never looked back. Just trade small, no more than 1 percent risk per day. 1 percent profit per day is $2000 a day on a 200k funded account. Going into my 12th year in 2023. You sound like you also have the determination to make it. I hope you don’t take 10 years like me but if you do, know it will be worth it. I’m 32 years old now so by my age you should be killin the markets! Best of luck to you.
Surely it's all about risk management?? Yes, I get that stuff happens and you could end up going -10% if you have a big drawdown streak BUT if you're only risking max 1-2% per trade then if you've got a half decent strategy that should be avoidable.
IF I had 'my own' £100k trading account then I'd still only risk 1-2% per trade anyway - I think the error people make is not understanding risk management.
Bottom line is 5% / month on a £100k funded account is still £5k (less the prop firms 20% cut).
READ READ READ the rules before taking the plunge.
I think prop firms are like debt/leverage in investment sector. They can make or break you depending on your level of understanding of the game.
Thank you Nick for pointing this out. Whenever presented with an offer , esp one that sounds too good to be true. I always put myself in the other parties shoes and analyze what they are getting out of me. So i have come to 3 conclusions .
1. The majority of new traders will pay the $550 and eventually give up or forget about it . No loss to the platform.
2. They are monitoring the way the average consumer trades and with what indicator and patterns and selling the data to the big boys .
3. They are data harvesting the demographics ( KYC ) of the average trader and selling the data to brokers , online retailers , etc for easier target advertising .
Totally agree
Hey Nick.
This is an amazing observation that you are making here. In my humble opinion, I feel that most traders fail to realise one important aspect, that YOU ARE A RISK MANAGER BEFORE YOU ARE A TRADER. Now when you are looking to approach a funded challenge, you need to keep in mind your average strike rate and your average risk to reward and work out a risk management formula that is feasible to the said challenge.
More often than not, traders have to adjust their strategy and risk management approach to suit the viability of passing a challenge and then readjust the risk to maintain and keep the account in the longer term with enough buffer to survive a losing streak.
So essentially risk management is key with prop firms, more than anything. If you keep that in mind then you are more likely to succeed and stay in the game for the long term.
It's worth it because having the large capital to trade with is amazing. Everybody talks about the max drawdown without realizing they are still allowing you to trade with the power of the whole account. The profit you make is from the overall amount of the account, not the drawdown. It's really not that hard to get, but people will always make things that are good seem bad. I think it's just a human nature thing.
Do you have any good resources on how to start a FX journey? I’m currently a stock day trader, thanks
100% spot on
Are you speaking from a funded trader experience?
i say its no good because of the rules if u want rules then get a job cuz its just like working for some one else where they can take it away anytime they want but if u have ya own account just u and a broker account u have no rules u can hold trades as long as u want dont have to worry about a daily draw down because i had my account draw down pass 5k that would have been it if i was on a funded account but i know when trading it will draw down then turn around so when it draw down to 5k then it went back up 3 times that and i made 3 times the profit just build ya own account stop being lazy and u get to keep ya money with out a profit split
Yeah that's why most traders scalp with the chunky lot sizes 😂
You just have to admit you are risking 10% of your fee when risking 1% in a 10% drawdown based "PROP trading account". And you also have to admit you are only funded $10,000 dollars risking 10% of what YOU OWN every time you take a 1% trade. For most people this is a good way to go about building 5 figures or hopefully 6 figures worth of capital with less than 1000 dollars invested. But you have to admit that you are not trading 6 figures, and again admit you are taking trades at high risk. This is a crucial part of understanding the game, prop firms are built like a casino with its infrasture designed for the majority to lose, and as a small fish your goal should be to milk as much as possible out and build your own capital for true freedom. Once you have your OWN MONEY in a trading account, then risking 1% really is what it is, protection based risk management. In a funded account you have huge exposure.
Isn't that the point he was making ?
One prop firm I was interested has 100k account, can trade stocks. The trailing max drawdown is 2k and daily max loss is 1k. Weekly max loss is $1,500. Basically a 1 to 2k account. Also, you need to pass a consistency rule. Is it worth it for $200 a month? $200 is their cheapest option. The profit goal for step 1 is $2,500. Step 2 is 10k.
Drawdown/constraints wise it's true that you are basically trading a 10k acc rather than a 100k for $550 which is not actually good for the price you are paying. However, profit wise you can really say that you are trading with a 100k account since the position size you will be taking will be based on the 100k total capital. All in all, it will really depend on you if you want to take the challenge or not.
Exactly Nick... what im on with MFF for example is $84 for a $10k account but I immediately noticed that its really only a $500 account because that's the daily drawdown limit.
But I still think its worth it because I've try a million times to grow a small $20 account into something worth withdrawing
That's why risk management is super key. You risk at most 1 per cent per trade. If you lose 5 in a row that's the 5 per cent drawdown reached. At that point stop trading and start again the next day.
😂😂😂😂😂 bruhhhh I’ve done flipped $30-$700 lost it, $20-$800 lost it and so on. It’s just so heartbreaking 😂😂😂😂😂😂 i got 2 days left in my first first of my ftmo challenge. It feels a lot smoother and can now finally risk 1 percent & make a decent 3-4 percent per trade.
It would be a no for either of them from me simply because of the 30 day time limit. Something like CTI or FTP works really well for me because of the 1-step challenge and a lot of time to let trades play out if you’re a swing trader.
Another important thing to know with prop firms is that it’s all DEMO funds. So think about it if they give you demo accounts to trade from and have no actual exposed risk, then why would they give you these tight rules? Simply to limit you to make decent money otherwise their business model won’t be profitable for them
At the expense of sounding stupid...
...I can understand that the evaluation accounts are demo. But you mean when you actually pass and get "funded" with a live account, it's still not real funds?
Is their business model to amass the fees of the statistic 80%-ish that fail the challenges to payout to these that turn a profit (profit-split)? With no actual money involved from the Prop firm? I'm now curious 🤔
@@dabadah86 Yes it’s all demo accounts even the funded account. They still pay you out though. It’s exactly like you said, their business model is to get money from the 80-90% that fail, and then pay out the clients that make money. That’s why they have all these rules so that you can’t go and make a large amount of profit. All of the payouts are like expenses or “losses” to them because it comes out of their own pocket
Are there rules like drawdown and maximum daily loss once you pass the challenge and get the funded account or can you trade as you will without any restrictions?
the same rules still apply so you never have access to the full account
If you're a good trader, $500 to trade $10,000 sounds like a good deal to me.
5% risk from modal is good 👍👍 i love that
Their model is extremely unrealistic even for pro traders
I don't know.. I have not try a prop firm yet.
thanks for the information nick i didn't know about that
In my opinion,
The only prop challenge worth taking is the Lux Trading Firm. Scalable to $10 million account, NO trading period, sensible rules, decent targets bothways, decent price also.
Yes, especially for programs like 5ers and FTP
Obviously. But only if you're able to pass it first go. Not if you keep doing it over and over again
Tell me sir propfirm is that offering 10000k
Another reason I think they are worth the money, is that I simulated the starting balance of a funded account twice this November, traded them and I would have passed the 2 evaluation challenges for real.
But then again I feel there is just something about paper trading that makes you not give a kcuf.
Nick Nick Nick...let's keep this mathematically short and clear.
You pay $550 to get the $100,000 account, of which you are allowed to play with only 10% of it.
This means that the actual amount you are given to trade with is $10,000.
You have understood that and explained it very well.
Now, say you decide to trade your own $550 with proper risk mgt and make 10% profit per month, which is $55.
The other trader goes to purchase a prop firm account and get's $10,000 (actual amount on a 100k challenge)
This trader now has a capital that is 20 times greater than the one trading with $550.
If he also makes 10% profit per month, that's $1000 profit, which is almost 20 times greater than $55
If your capital is magnified 20 times, HOW IS THAT NOT WORTH IT?
I responded to your comment here: ruclips.net/video/4DmIJIoN4Cc/видео.htmlsi=Rh6PmebFWv6mlnvX
What firm is that sir
Just wait when ppl understand this 30 days is realy 22 days and most of this online prop firms push you into hazard on demo account.
Hello, I'm still in education and living at my parents house and I've been practicing and learning forex for a while now and I want to try and get funded but I have no money. Are there any funding company's that doesn't require a deposit or sign up fee? I would love to surprise my family with some money to help them out next year as we've been struggling financially recently. Thank you!
So for a 100k static funded account (say for ES futures)
Cost: 165 per challenge (with 75 reset if failed) + 80 monthly if passed. No withdrawal till 100 above 100k.
Benefit: I get 2 contract max (margin of ard 1000 with discount broker) with a max drawdown of 625.
Does this makes sense to pay? Is it really 100k in capital to trade?
I want to go into this prop firm but have limited knowledge
learn, you need about 2-3 years of knowledge before your ever going to make substancial profits over a suistained time period
May I please get an explanation on this 5 minimum trading days and the whole 30 day issue,, it's rily confusing me 🙏🙏
Let say u bought a challenge, and on the first day, you are able reach the profit target. But because of minimum 5 trading days rule, your challenge not complete yet. You still need to trade on at least 4 another trading days. Usually trader just using trick to open and close the trade in a few second to fullill this rule after they reach the profit target.
Thanks for the info man i cant look @ it the same way again. I mean the numbers dont lie.
It's a waste of time and money. Even if you made 1k with trading, they set a fixed fix DD. It's 5k, not 6k. In other words, even if you made 10k, your account will be suspended if DD exceeds 5K. It's a ridiculous worst condition. But I understand their tight conditions. It's their money. But it looks like a trap to me. 99% of traders will not succeed in this service.
It's like 500 thousand and half a million. Most will chose half a million.
Instant funding growth programs are better in the fact that you got like 6 months to make 6 percent to get access to the first account, so the time restriction is not there, Most people blown up challenge accounts cause they overleverage cause you got only 3 trading weeks to pass
Amazing video! Thanks for sharing 🙏🏻 Any FX brokers and Prop Firms you recommend?
Can anyone recommend some Good Prop firms (cheap actually).
Myforexfunds are good
The5sters is the cheapest
MFF
FTMO, E8 are the best and regulated and reliable unlike others
@@amarokdcs1062 I been funded with mff since may an it’s been great , I’ve passed Ftmo as well but I was looking into e8 they just kinda new imma give it some time
Thanks Nick 👍
I would buy a challenge, fail and buy again until I pass then buy trading signals.
Good
Do i have to wait 2month to get funded or can i pass the whole challenge like in 2weeks? Can someone help me out?
AFAIK you have to wait until the full time period is over. So trade on other accounts until then
I trade licke Nick when i try the FTMO challenge i need to take 30 trades in 60 days or so. But with swing trading thats way too many trades.
I'd rather try to grow my 500 USD to a good amount.
losing prop firm challenges is equivalent to losing the $500 and vice versa, don't be delusional
If you have the skills to grow 500 dollar into something significant amount...believe me u would get a decent amount from prop challenges instead
@@fuethao8154 yea without. And it's not even good risk management practice!
@@bmbante6161 same process same everything
It's worth with the5ers. Boot Camp 250k
in worst case you loose 500 bucks instead of your 10.000
Thanks Nick
U r not wrong in general, but u should go deep into numbers. Once u do that u realize that Trading Prop firms is almost 4 times better than trading ur own money (=4 times bigger chances)...and I can proof this completely MATHEMATICALLY
L remember watching like 2 years ago
I can see you are low key doing market research to start your own prop firm . Shhhh. We wount tell. 😂
Unlimited days now
Good Video
I took demo account with 10k and I make it in 10 days 27000 so is much better for me second one. High leverage small risc high winning. Money hunter
Why I should give u My number?
Not worth it it BS
Account size doesn't matter.
The questions are, WOULD YOU PASS THE CHALLENGE? if you passed the challenge and verification and become a funded trader, HOW LONG COULD YOU KEEP YOUR FUNDED ACCOUNT?
ACCOUNT SIZE IS NOT THE IMPORTANT PART TO BECOME A SUCCESSFUL TRADER...
SO...BOTH ACCOUNTS SIZES ARE WORTH IT.
Just take a look at leaderboard then you'll know you're not a great trader