I Tried Becoming a Funded Day Trader | Part 2
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- Опубликовано: 8 июн 2023
- If you want to try the TopStep Combine for yourself to try and become a funded trader, here's a link that will save you 20% and help support my channel: tracking.topsteptrader.com/SHS8
Watch Part 1:
• I Tried Becoming a Fun... ( • I Tried Becoming a Fun... )
In this video, I continue my journey of trying to become a funded futures trader.
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who will be joining me on monday?
FOR SUREEEEEE, I can't wait to learn from you.
✋ can't wait
MEEEEEEEEEEEE
I'll be there, like your videos, greetings from FL
Me
Love this type of documentary style Day Trading. It's so refreshing to see someone not hyping everything up and just reflecting about his trades!
yo man if you are interested on live funded i am doing a livestream everyday where i try to pass funded accounts. thanks :D
this is so true man
I adore this kind of day trading in a documentary style. It's so nice to see someone merely thinking about his deals and not hype things up!
One of the best pieces of advice I got as a new trader was: "Trade what you see, never what you think!" Catching yourself and taking note if the phrase "I think..." even enters your mind and avoiding any trades based on it will save you from a lot of bad habits, fears, and unnecessary losses. Great Video, keep it up!
This is true, if you see a trend, stick to the trend don't be a top/bottom fisher
LEGIT!
facts
This one has helped me......"Don't try to make money...try to trade well".
best comment !! spot on!!!
Hi there, Daniel. I don't usually comment on videos, but I was watching you trade and it brought back lots of memories. I'm sure everyone is trying to help by recommending different trading methods... but that's not the problem. I've seen people successfully trade using moon phases. The usual issue with most new traders (including myself [and definitely you, based on what I've seen]) is a terrible, terrible risk management. I'm sure you've already heard about this. I did too, and I ignored it as well. Please, don't make the same mistake. Save yourself a ton of time and frustration. Proper risk management is the key to trading. There's nothing else to it. Read about it (again probably), crunch the numbers, and see it by yourself. Stop relying on your gut to determine position sizes. That's incredibly stressful. Good risk management ensures that every trade is the same, whether you end up winning or losing. It removes the pressure, and makes your accounts grow without even noticing. Again, it doesn't matter what you use: ICT, old patterns, mainstream indicators, orderflow, support and resistances, tea leaves, gut feelings, moon phases... None will work without a deep understanding of risk management.
Keep at it, I'm sure you'll get there. Thanks for your humble honesty and sorry for your loss, mate.
a+ comment, thanks 🙏🏻
100%, best advice
Been waiting for this Brother, glad you were able to continue and not give up. I really enjoy the fact that you are fully transparent about everything, no bullshit and honest. The trading community could benefit from having more Daniel's!
ICT is this kind of guy that will tell you a 10 minute story after you asked " Whats your favourite food?" :D
I enjoyed the video.
YAY! I'm so excited. Taking your trades live is amazing. Great job Daniel, can't wait.
Man, the quality of these videos are amazing. This is so refreshing to see and it not be so loud and fast. I also appreciate you showing your losing trades and not just making it look easy. You described the exact emotions I’ve been feeling trading futures and talking about the same lessons I’ve been learning through making mistakes. Thank you for the videos.
Small base hits add up everyday! Don't need homeruns, you got this bro!
Just agreeing with others that this documentary style is incredible. Focusing on the process will get you through. Very nice to see someone else pushing through the gauntlet of learning how to trade just like me.
Keep up the hard work, you’re really doing well even if it might feel like you aren’t. It’s all about learning the process, your process. Thank you very much!!
Great to see you still at it. I am also still working on it, 2.5 years down the road. This is something I will never give up on.
I agree somewhat with ICT, but there are a few basics that if you use it, and backtest it, you can only succeed. Good luck, keen to see the results going forward
One great advice for beginners i got was stick to your position size no matter what you had in past 10 trades. Dont change it just because you are in a winning streak. The sizing should always be a organic gradual increment. So if you are doing 4 MES stick to it no matter what and stick to your setup and dont move SL. This was the hardest part to put in action and it has definitely helped a lot
So cool to see you back on YT posting Daniel 👏🏼🙏 i can’t wait to see how far you come along in the next months/years with this! I use bookmap as well (amazing resource), but if you end up not using ICT, I would recommend liquidity levels mixed with supply and demand zones and pattern breaks. You already have half the Strat down, but this is what I have been doing since March 2023 and it’s been solid. It’s the trader psychology that holds me back but it’s been looking up recently. You got this I believe in you !!! Thank you for the transparency!!
I'm barely 2 minutes in the video and super respect how you're so real & open!! Subscribed 🔥💯
Bro, for a beginner in trading, it’s wonderful to see this kind of content. The way you are so committed and so real is a wonderful thing to see. I’m subscribing
Daniel Thank you for sharing your journey with us! Your content is always top notch, just subscribed!
I really appreciate these videos. Great work and keep going. Ill be trying the combine soon so its great to see real experience with it
videos like this are some of my favorite trading videos. Makes trading feel less lonely.
I know this is a month old video but damn you have got to be the most realist trader without a doubt and i enjoy seeing these because it gives me a bigger aspect on trading rather than watching someone who just wins, i mean im pretty new to trading but you have definitely shown the real by showing your losses and explaining on how you lost and how you can do better and its just 🙏 pls keep posting
Loved the video. I just started a Topstep combine as well. ICT forever changed the way I see the market. Wish you the best!
I think all you’re missing is a playbook of your setups because its not quite clear what your setups are. backtesting your setups and gaining data on them will increase your confidence when taking them and stop you from taking emotional stray trades… all the best 🙏
As a funded trader ,i can give you some tips
1.Start every day with top down analysis.
2.Make 1-2 trades per day max.
3. Dont use 1-5m candles , i would suggest you dont go lower than 15m
4.Have a clear stop loss and take profit levels, before you go into trade.
Agree with everything except the 5m candle usage, I use SnD on 5m, 15m and 1h and the 5m has been amazing for my strategy, it depends on what strategy you use, not what TF you trade on.
What's SnD? I wanna know more, thanks.
@@Molekulasti Supply and Demand
@@ionevenknowchief3517 God, that was obvious. Thanks!
@@Molekulasti Supply and Demand
This is brilliant. Realistic numbers and not ego bullshit. Thank you for this type of content, I’m learning a lot.
Good luck my friend. You got this. I'll tune in.
ICT’s concepts can seem very overwhelming and complex at first BUT if you study and backtest, it begins to click, at one point I thought I’d never grasp the content but now I understand the concepts and see everything
ICT is a scam 😂 if everyone is using it and seeing the same thing then everyone would be a winner
Yea Daniel is wrong, you definitely don't sound like a guy who is trying to push something onto somone who has already expressed a disinterest in it...
Definitely not culty.
@@techt-125stay ignorant while we will continue to make money, we are just trying to help others see the truth keep wasting your time being unprofitable once your mindset changes everything else will
@@drxppingankles6987legittt
Let me tell you something bro, I truly admire the work you put into this video. I’ve tried putting together all my trades from getting funded but I don’t have the desire or patience. Good job💯
i got so happy u posted man good luck
Oh man, I love these videos. The way you are telling the trades. Please give me more!
These are amazing. Going through all of this now. It's so good to see and hear your analysis.
Great to have you back! Really enjoyed the video, and looking forward to the stream - also, welcome to the new boi?!
I really appreciate how calm you are. All the best from Germany. 🎉
I was waiting on these updates! Keep up the hard work.
I have waited months for this video and glad you are not giving up. I was inspired by your videos to try the prop firms to get funded. It has taken me months of screen and learning time to get to this level but its paid off. Since your last video I have passed one 150k funded account and less than 1k away from been funded on another 150k account. I would advice you try out a much bigger account like the 150k account with much bigger loss limit and drawdown, set a profit or loss target for the day and divide it by the number of days you intend passing the evaluation. If you want to stay with a 50k account, divide the 3k profit by 20 trading days which comes to $150 per trading day with less pressure on your emotions. Stop trading once you hit a profit or loss of $150 for the day trading micros. I will join your live trading on Monday 🤞
Great video!! Can't wait for the next!
Ive been looking forward to part two for a long time. Cant wait for another banger video 🔥🔥
You inspired me to film a trading challenge of my own which I posted earlier this year. Great video as always and looking forward to the stream!
So happy to see you released a video again today!
I really hope you keep up with this channel. Your income reports were what inspired me to start my channel. Now I’m almost at 100k subscribers and I’d hate to see you go. Make videos you love and want to make and just keep going ❤
that's wild - congrats
Man, loved the video. Literally just described a full trading career in 1 video - great story telling.
Nice to see you back on the grind Dan!
Good to see you back !
I really enjoy following your Trading journey. In my opinion every trader has to find an approach that suits them the best. Psychology and Risk Management is a major factor as well, not just the strategy.
Hope to see you passing a challenge as well soon 🙏
I'd say the best thing to work on is setting a daily stop loss. If you make idk an average of 300 bucks your daily loss limit should be less than or equal to that. Once you hit that daily loss limit. Physically remove yourself from the computer. You always got tomorrow. Those days where you have consistent growth you stepped away when you were satisfied. You need to apply that to losing as well. I've passed funded account challenge please take this advice. You don't need to be aware of market conditions or if it's ranging or not. You need to REACT to price action,STOP predicting and ACCEPT losses.
As someone that has passed 15-20 of these accounts in the past I'd love to talk to you about ways to pass or fail these accounts. It's way too much to type on here but I noticed alot of things good and bad that you were doing. These funded accounts are made to be difficult and sneaky but the best thing I think you did was to size down and trade MES. Your trading style is a little too aggressive for minis unless you are a very consistent trader but even then the losses are magnified due to the trailing drawdown rules. Also another tip would be to go with a company that allows you to have a static drawdown or End of Day (EOD) that way your trailing drawdown doesn't fluctuate as much due to unrealized gains. They are more costly accounts but it takes the trailing drawdown out of the picture so to speak and gives you more breathing room with your trades.
These are some great tips , how can you be contacted ?
hey man love your videos! I'm not sure what kind of trader you are, but after trying different styles i've found that supply and demand seemed to work the best for me..like drastically... never taking trades between zones (even if it meant I have to wait longer for the setups). I set my supply and demand zones on the 1 hour, and enter trades solely off the 5 minute chart. If I'm looking for a small scalp I might enter on the 2 minute. but yeah i've found that risk to reward tends to be way better & simplifying my trading really helped me see the marked better and improve my odds... I know we are all different kinds of traders. either way, I wish you luck. keep the discipline of cutting those losses. !!
Yooo an update!! Love this bro!
I just passed another combine with a new strategy. I’ve been doing 5 nq contracts with pt at only 2 points, $200. In the trade a matter of a few seconds. Stop at 6 points. I will do this maximum 3 trades a day. I managed to get through the entire combine without a losing trade. Just something to consider. GL
My man. I wish you all the luck in the world!
It took me 3 year to become a profitable trader. Let me tell you this. Strategy doesn’t matter, what rly matters is consistency… consistency in how you take a trade, how you manage you psychology and most importantly. How you manage your risk.
Trade as you like. Bounce trader, swing trader, smc, sypher … it rly doesn’t matter. Just be consistent 👊🏻
Keep going Daniel! Been following your journey for years now. Personally, I’ve switched from the futures challenges to the regular (CFD) challenges. Markets move almost identically but the upside is if you go with a firm like The Funded Trader / FTMO / My forex funds.. you don’t get that annoying trailing drawdown. (Just a max of 10% and a daily of 5%). I’ve failed the top step / futures style challenge so many times because of that annoying trailing drawdown.
Also found a lot of value from enrolling in The Trading Floor training program. Only 20 GBP to join, but incredible value.
In terms of risk, I feel that limiting your trades to 0.2% - 0.4% of account balance is a safer way to go. Smaller profits but you also get to preserve your capital over the duration of the challenge.
7:30 Love this about the process. This is the path!
Great vid Daniel, keep on trucking.
Daniel, just be mindful that next week is news filled and will be volatile as heck! Will be following along on your livestream!
thanks for the heads up
@@DanielInskeep ILL BE JOINING YOU BRO SPX 500 CANT YOU TRADE IT ON A HIGHER TIME FRAME
sounds cool Daniel, see you at market open on Monday, let's get it!
another thing is I can explain almost every loss and gain you took there that’s the power of these concepts and I suggest using higher time frames to give you an analysis and work your way to the lower time frames those are the real moves I wish you the best of luck
I can relate so much with your video. I've been doing trial with Elite Funds Trader and the times I blow the account I feel depressed. This Monday I start fresh and I will keep learning. Thanks for the info and journey videos.
glad you're back
Good luck, brother!
Amazing video brother and i feel you in everything you passed from emotions and difficulty! I am trading as well live to show to everyone what i am doing wrong and hopefully to stop myself doing stupid things, 4 funded account at the same time
hopefully more people like you and Daniel keep being here in youtube showing the truth and brutal reality
Heyyy! You used the Green Day (Band) reference :) That's awesome!
Finally - Just a regular dude learning, trying to grind it out. This is refreshing 🤙
Love your videos man! Really like your style of trading and your videos are really informative. I am trying to learn as much as I can before I start trading futures.
yo man as well i am doing livestream of my 4 challenge funded account if you are interested! thanks bro
Will def watch but you certainly picked an interesting time for live trading as we’re currently in roll over so make sure you’re trading the most liquid contract. Risk management is key in these times as the markets can be quite iffy. Also there is A TON of high impact news next week so be careful and expect a bumpy ride. See you Monday!
Would be interesting to see how your whole approach to trading is structured, hope we get to see it in your livestream as it's tough to say what's holding you back from a recap video.
As you briefly mentioned, process is what matters. Profit is an outcome, a consuequence of process. And process includes everything, from your morning routine, the way you get focused, your analysis of market conditions, the hypothesis you create, the way your are going to act on them, to the moment you decide how much to risk (hope you have a consistent strategy for that too!), execute the trade, manage your position, and finally review the session at the end of the day, identifying common mistakes you tend to repeat over time and finding ways to fix them. That's where edge resides.
Love your honesty bro, keep it up
use heikin ashi candles, use rsi and ema s (i like the 8 sema and the 40 ema), i trade especially on the 3 min timeframe, with supply and demand on the 5 and 15 min
risk only 0.5/1 % on the trade, depending of the quality of the trade, stop at 2 losses a day, use minimum a 1:2, with 50% of the position closed at a 1:1 , with sl to brakeeven
Yo, your editing style is awesome 🙌🏻
Thank you 🙌
Don't give up, you will pass this damn combine!
By the way I would absolutely recommend staying away from ICT or any other mentorship, bot, holy grail (Algobox and whatnot)
disagree my trading went to the next level learning that price isn’t random what so ever, passed 2 challenges recently trading ict concepts. never became profitable till discovering him. It may sound like he over complicates things but that is because many people think they have to know and use every concept. u just pick a few that u like the most. He basically gives you a tool box and u pick those tools that u need
It is very hard to watch this because I can see the same behaviour when I'm trading. But this is very good to see no Lamborghini in the background trying to sell something
you know what i love more than my lambo? my bookshelf.
Thank god Iv been waiting on this
yo bro, like him i am livestreaming my 4 funded accounts challenge if you are interested, i have the same emotions of blowing up the accounts after a good straik days ahah
Sizing down defo helps
(only annoying thing with Topstep is that Micros count
the same as Minis...they still haven't changed this).
Also (for me) I plan my trades ahead (so DO need to know
your fave setups ahead of time) and also have multiple timeframes open
and draw on 1 or 2 of them (the trigger chart and a higher timeframe)
to mark range or trend highs/lows and wait for a strong engulfing candal
to break it, before even considering trading it (on a pullback usually)
Resilience A1 brotha transparency on your development to become the trader you in vision yourself to become shows in raw form for the reality of what it’s really like to become a funded trader GREAT JOB! 📝🧠🏆🍻
I recommend using ATR in setting your stop losses. Simply using levels without accounting the current volatility will lead you getting whipsawed frequently like in your video.
The hero has returned.
That 4:45 trade was ICE COLD. 🥶🥶😰😰 Those are some of the most demoralizing trades one can make. Every time it happens to me, I can't help but think it's the universe telling me pack it up for the day and move on to a different project lol Anyway, great stuff. Will definitely be tuning into your live trades.
Contrary to what his loyal followers tend to claim, what ICT teaches isn’t some sort of silver bullet.
It’s very wise from you to focus on your execution, rather than switching strategies.
Now a piece of advice. While I’ve been watching your videos, I noticed a tendency for you to enter prematurely. If I were you, I would make it a habit to wait for some sort of price action confirmation before entering. I usually prefer to enter once there’s a BOS, so I know that my idea is valid.
Anyways, keep going :)
yes, i think you are correct that i'm often too early. thanks.
Love these kinds of videos. I can relate especially when i tried E2T and would do good and then blow it up and kept retrying and retrying and damn can it get demorlizing lol. Never give up trading though
Amazing video, I know everyone has their own style in regards to trading, however what changed my trading was losing all indicators besides an ema and not being as reliant on it even when I have it, it's easy to get distracted by candles bouncing off of levels and Ema's crossing but the most important thing is what price is doing and simplifying it as much as possible. Also at 4:55 this was a supply and demand trade not a stop hunt. Keep pushing though, So much improvement in your trading style since your first video!
Ladies and Gents! He's back!
Live stream sounds good. I will hope to watch!
At 3:18 all you needed to do was wait for a candle close above the level! Sure enough a few candles later you get a beautiful bullish engulfing candle with no retest. Always look for some sort of price action confirmation. This will help a lot.
thanks 🙏🏻
Such a unique property! Very nice.
how How funny that I started watching you on your other channel (mango Street), 5 years ago watching some tips on editing and staff. Then you started this channel around 2020 around the pandemic and started trading content and I started learning how to trade too, and now we are trying to get funded.
by the way, I am an ICT student too. looking forward to your stream
During ranging markets, do a 5 count. Up one down two up 3 down 4 up 5 like that .. then place your trade at the top or bottom of that range. Depending on which direction is your current bias.
Awesome content and SO relatable!.. I've got 20 funded accounts and struggling to survive!
Just looking at your trades, some of them had great SMC potential😉 I’d suggest studying liquidity and imbalance, has helped me a ton
I like your setup its so cozy🥰
Hi Daniel I really like your videos since you are very honest and straightforward with your process, I consider myself a complete beginner even though I have tried to illustrate myself with books and RUclipsrs like yourself. Have you watched Patrick Wieland? I am sure many people don't like his style/mood during his live sessions, but I believe he simplifies trading / by using price action and a few indicators. Anyways, I will certainly watch your live stream on Monday. Thank you, and please continue sharing your journey to becoming a profitable trader, you are an inspiration to beginners, good luck!
Have you considered picking a direction and sticking to it? Longing and shorting (or s elling)are two different strategies that take time to master. Maybe consider taking only "long trade" set ups. Stay away from shorts for now. This will keep you from trading garbage. Once you learn the long setup, it will help you with your short setup. It can be way to complicated to work both directions. Look at your data...what has been your most successful trades?
Ideas:
Keep your SL where you started with it. Maybe taking Partials is better for you?
Dont buy at top of uptrend. Wait for pullback. It will either run without you or will give you a better chance. Buying at top of trend gives market a lot of opportunity to take your tight SL out.
Try to draw trend lines, they will help you not get in trades when the price action is not clear yet, i see you take a lot of trades where the trend is not in your favor yet and you still take them. Also i would recommend to create a trading plan you will stick to as i see you dont have a clear price target in mind when you take a trade. Keep up the good work and have a great day man !
I really appreciated you documenting your funding journey, Your lessons help me out a lot. i believe in my strategy 100 percent but failed because I refused to size down. No I am on course to get funded. I don't see your videos as a lost but as a lesson.
Hi man, from someone who's been there i can tell as i was we don't have a strong believe in the strategy we have because there is no strategy to begin with. Relying on indicators give that feeling and hesitation. I would advise you to get a strategy that feels like a system you have. It will help you a lot and going in and out won't get you anywhere. Good luck to you man!!
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
I feel like your reasons for being in a trade are all over the place and you don’t let your winners run.
Daniel you got this Champ!!!
🙏🏻
Try researching liquidity ranges and order blocks, they use a Fibonacci Retracement to judge the chances of a "bounce" (like you had expected in the video from vwap) based on the fib
Daniel I don't know what trading system you are using but one piece of advice I will give you is to think about trendline rules when trading. Whenever a trend is broken we expect a retest to a new extreme of that trend, and then following that consolidation into a reversal or continuation. Many of these trades you enter are before the new High/Low has been made from an established trend and explains a large amount of the times you are being stopped out.
Edit to add more: Also since we expect a potential reversal or period of consolidation after a new extreme has played out, it is a good rule of thumb to pause trades until we can make better sense of the market. For example if there is an uptrend that fully plays out, we are not going to want to buy long until we see a sign of a larger trend forming confirmation bullish momentum, as its likely the market will have a correction or reversal before it works higher.
Quick tip- wait for confirmation of your thesis, do NOT get into a trade predicting. Sure you’ll miss a few points- but you will be a lot better off in the long run
Smart Money CONCEPT Strategy is the answer brother!Nice channel!