Unsuccessful FTMO Challenges - Don't do these mistakes! | FTMO
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- Опубликовано: 7 фев 2021
- Become our next FTMO Trader and work with an initial balance of up to $200,000: ftmo.com
Some time ago, we published a video about unsuccessful FTMO Challenges, and surprisingly, it scored great feedback. Although we don't want to promote bad trading habits, there are quite a few things you can learn about proper risk management and trading psychology by looking at these failed FTMO Challenges.
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All information provided on this channel is intended solely for the study purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity, analysis, or similar general recommendation regarding the trading of investment instruments. The content, in its entirety or parts, is the sole opinion of FTMO and is intended for educational purposes only. The historical results and/or track record does not imply that the same progress is replicable and does not guarantee profits or future profitable trading records or any promises whatsoever. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose!
I pass my Second one account today , hoping to pass more , ftmo for life
Congratulations
Congratulations
Congrats dude
Congratulations
Congratulations
I've noticed that some traders can hold on to a losing trade, but at the same time, they can't hold a winning position.
they take the profit as soon as possible. ( That's a natural human behavior). But that's the same reason that made me more attached to the psychological aspect in trading, and I think that there is a way to cut the losses and let the profit run just by using some simple trades management.
Good luck to everybody.
And thanks to FTMO traders now can test their ability and work harder to make it through.
That was exactly me before. I flipped it around and now I’m consistently profitable. My personal trick is to put stoploss at break even and let it run and not stare at the chart while trade is running. Hope that helps fellow traders
How did you manage to shift your psychology about that ? Help would be appreciated.
@@rolandouedraogo2929 One of the best writers that really helped was Mark Douglas you can find his book - trading in the zone- for free on the internet.
another trick is to do your analysis set your entry then your stop loss and take profit, leave for a good amount of time, and return after to check your positions but don't change anything just manage your trades move your stop to break even. otherwise, a losing trade is losing trade whether you stay there or leave because you will not change the market direction by setting there if you see that the trade is going directly to your stop cut your losses.
Good luck!
@@thetradersring3157 thanks
@@rolandouedraogo2929 Come up with your profitable strategy and set of rules. Always follow those rules no matter what. Once you have a big win, you will want to break those rules. BUT DON'T. TRUST ME ON THIS.
9:00 guy yoloed in a challenge LMAO I thought my challenge was bad 🤣
I think his chart is upside down. LOL
HAHAHAH
That guy thought he was from wallstreetbets LMAO
That must be a youtuber who took the challenge to the extreme, if he would have won the trade I can see it now the title of the video would have been “How to beat FTMO in 1 day!!!”
yooo i've been cracking up for like 10 mins straight. Can you imagine him saying, F this shit, I already lost. YOLO lmaooo
Brilliant v helpful. Would be good if (1) the platform retained the stats like RRR, winrate etc not only up until current day but shows it for Day 1, 2, 3 etc (2) we could see a breakdown of profitability by trade duration, similar to how we can see it by time of entry
Excellent video. We definitely need more of these. Many of the losses were clearly due to revenge trading or being impatient.
Literally why I failed! Revenge trading killled me. I’m learning slowly but surely
@@satori9105 Same It's hard when you are in profit then you loose that's when revenge happens and you don't realize it until the damage happens
it just shows that risk management is a key factor to trading. why rush it when you have 30 days. when you can find many set ups targeting 1:6-1:10 RR even then you can risk .5% per trade and still hit the objective
BINGO! my strategy exactly
but.. how to find such set ups? What is a key factor for this?
@@atykhonov HTF structure, LTF entry
Wouldn't it technically be 20 trading days?
@@remmy100 30 calendar days to find the setups for the challenge (fase 1)
Seeing the unsuccessful challenges is quite important too, please more videos on the matter. Thanks
cant wait for one of my challenges to make it on these videos, im 1 week away from blowing my 5th attempt, didnt realise how much pressure the time limit adds.
Risk management is and psychology is 80% of the battle
i recomend try the free trial to see how you do then try the challenge ,
dont risk all your capital at once
Thank you for this video as well as the opportunity!
waiting for next video on successful and unsuccessful challenges....this tells a lot
Really useful video and very well explained, thanks!
Having just failed my first FTMO challenge, at least it helps to see I am not alone😅. I will try again after tweaking my strategy
This is an important information. I will take the FTMO Challenge when I am ready. I will start with the smallest deposit first, then develop gradually. I am not about to get rich quick but to have a consistent profit making trade without violating the max loss set by FTMO. Thank you friends at FTMO. Keep up the good work.
I laughed so hard Good thing I was on the toilet I RIPPED ASS so hard the backsplash of that water was insane and never felt something so crazy my life.
People need to do the demo first, pass the demo. Get used to the risk management of FTMO. It's taken me to the next level! I am saved big losses. Right now, I'm half way to passing the 100k challenge. I've already passed the demo. The FTMO risk management is what's made the difference to my success. I wouldn't have been comfortable with that unless I had already finished the demo. I did TWO demos in order to get used to it. The first one looks like these ones in the video (not as bad, but, still)..
Are you on the way to 100k in demo or real trades?
Those guys think that ftmo is a casino lol
lol
Lol, very true. Trading ain't gambling
@N G you haven’t heard of ICT or offshore then 😅
@@charleskuvare5955 it is to an extent, you are trading probability, the same as a guy betting in poker does the same, an average poker player might not, but the professional most definitely thinks in probability, the probably chance of winning in just a lot lower in the casino and its harder to manage your risk there.
@@wanashthegash well said
Very well explained and absolute added value ;-)
great insight as i'm about to start mine first time challenge
I put a few hundred in my own live account to test, and I'm also taking a demo account challenge to test my strategy. Once I pass my challenge and make some money on my personal account, I will take the live FTMO challenge. Some of those lot sizes are crazy, I usually only risk between 2 and 5%
Mostly accounts created from start of Jan 2021, not easy for sure due to rough market conditions, but they were too impatient.
I have done equally bad things on my failed challenges, but got funded in the end.
how are you doing know with your trading? biggest win? if you dont mind sharing
Yes hi are you making banks yet?
@@kingboji958 yes, banked my first profit from FTMO and on my way to the second
@@tradeup4776 how much bro? Give me motivation.
@@kingboji958 was not massive, my main ambition was to get through the first month in profit and get my challenge refunded. I made 3% overall on the account, which made sure I continued with. the account and can grow better each month
Amazing video honestly. One of the best on this channel
Patience and consistency is very helpful in being profitable. Sticking to the strategy is very important to successful trades. Master a pair.
Exactly. And setting realistic profit take is also very helpful
Thank You Kind Sir , Excellent video thorough explanation
Thats a good result!!, This person have been changing every habits in his life during the Challenge. I think every people can try to obtain a very good result with his capital. I dont know if everything may be under controll, but certainly each person over the world must have a Personal Trading Account. I even dont know if all the world will do this on the future, but now is a new System where everybody can give an input of his own influence to the market.
I will never understand why people don't use SL; it's like one of the MANY most important thing in day-trading. Shtoooopid!!! I was able to bring a $17 account to almost $400 in little less than 3 days; then a $100 account to about $400 in 3 days.
Those lot sizes aren't a joke, I used to buy 0.1 lmao for the $17 account, then max I used was 0.40 so imagine if I used 1.00 using a $100k account? I mainly trade big breakouts, not consolidations too risky, not enough to make a good decision.
I think most of these losses are from gamblers based on this video and not actual traders with proper psychology, analysis etc... I have patience and so I will be doing the FTMO very soon.
I just passed the challenge with: 65% win rate, 1.62 RR, every trade day was ended with profit. and a very nice Line from 0 to 8000 euro profit! I am super amazed to do the verification. BUT We will hold our strategy and keep the trades fine. I immeadiatly get rid of losers. And I don't try to take big profits at once. If I can make 300-1000 with a trade I AM SUPER HAPPY that is like 20% if what you earn with working in a month.
risk management is KEY
14:34
this is key guys, pay attention
trade safely and you can always do your test again
Finally, I have passed the evolation stage successfully in 12 trading days. 💛
Congrats Same here but I need to wait for 8 days since day 2 I already achieve the profit target :) God bless to us in Verification Stage ❤️
@@nayrfrx465 thats awesome. What lots size do you usually trade?
@@ForeignExchangeTrader although I follow stop tight loss. I trade 5%-10 of the tradeable or 500-1000 usd (this range)depends on the set up. With stop tight loss of 5-10 pips
Awesome need to know video. Getting geeked.
Am very happy with this opportunity God bless FTMO. but am having hard time taking a challenge due to means of deposit. I will be more happy if FTMO add crypto as means of payment to facilitate things for us here in Africa
some people think that trading its a get rich quick scheme, but in reality there is a lot of hard work behind it, very soon i will do this challange and i think specially in this challange the risk shoud the 0.5% or 1% for each trade the rest its psychology and tested strategy
Hello Simon you guys have any clip explaining difference between Risk Normal and Aggressive ?
Very Helpful. Thank you very much
This video was very insightful
Very informative 👊🏾👌🏾👍🏾
I love this type of video. They're crazy
I was wondering the same as trading in high volume and of course; this results in high risk!! Then distance to stop losses surely this is the reason why most traders shown in the video decide not to use stop loss??
this Video encurages me more , now seeing some traders examples i taught I was bad lol
I am on my ftmo challenge , 5 days gone and I am just 1% up.
But I learned something from this video..
Not violating, daily loss and max daily .. can give you chance to try for challenge again..
Im at day 9 with only 1% profit but risking only 0.1% and wil now start to bump it up next week as i wil not allow this 2nd challenge to go negative. So many of these were in profit and as time came to and end their patience ran out. Rather than just start it over with a full duration
@Learn to Earn only 1 way to find out. I’ve done a fair bit of backtesting on my strategy (150 trades 67-80% win ratio) and I’m going to try out FTMO with 25000 account. I was thinking about making a video about it if I succeed because I’m genuinely interested and I think so are many others.
Did you ended up passing?
@@eugenemyburgh7749 did u pass?
at 10:19 when he said ''this trader traded for 2 trading days'' that face though...I almost spilled my coffee
LMAOOOOII
Thank you for this. Any chance we can get some kind of feedback from you once we complete and free trial?
From this what i see two points what make all this traders lose :
1) no stop loss no take profit
2) max dayli loss no money menagment
Btw if you use mt4 search for position size calculator helpful tool.
Nice video mayby traders who try pass chalange for ftmo lear somthing from this.
Hello, I have a major issue (a couple rly) on one of my challenges. I violated the conditions only because of the HUGE rollover spread on a major/cross pair, no exotics, indexes etc. I'm talking about an 80 pip spike for 5 seconds... Hit sl, slipped a bit, and ofc went my way... I've checked the spike on my other broker acc, it wasn't as big... I'm convinced the least you can do is give me another chance/revert my account to before that.
My logic is:
1. Swing traders would constantly get screwed if that is something considered normal.
2. On your website you tell traders to refrain from trading news and show in example a 20+ pip candle - restricted news release, yet you allow to keep positions overnight and I get a 80 pip spike out of nowhere? The thing is I specifically waited to reopen my trade after rollover just to avoid this issue.
What is more, my account metrix was pretty much bugged from the start - balance curve showed wrong numbers like minus 11k during the challenge.
I hope you can fix this, because overall it is a nice experience.
Hoping for a swift response.
Thank you
Hi Jakub Sierant,
Please, contact our FTMO Support Team, they will kindly help you resolve this issue.
Here: support@ftmo.com
Thank you for your question, and feel free to ask anything else.
Best regards
learning something here. always chat the chat support if you don't understand something. they are helpful and knowledgeable.
i am in my 32% progress for my ftmo challenge target profit. my risk is 1% per trade.14 trades with. 85.71% winrate.
its my 3rd free repeat.
Wow, great video and very informative.
So my question, is not using a stop-loss an issue? I barely use stop-loss because I don't leave my trade open for a long time, I closely watch my trades and exit the trade manually, in profit or loss, because I think having stop-loss sometimes closes the trade just with a brief touch and in the middle of candle time frame, but you would see that the candle closes the opposite side of that, And in some cases the next candle turns back in trader's favor.
You have to use a SL with this challenge or you won't pass.
Great video! 👍
Thanks for this helpful video, but I think you mistakenly said the challenge is 30 trading days while it is 30 calendar days and in fact like 20-22 trading days.
There is trading of LTC and BTC on weekends.
This is really helpful to learn from there mistake
Can you get profits also in the first stage of the verification if you exceed the profit target?
Hi, I have a doubt , after completing all the verification when we are trading in real fund, daily limit loss is 500 dollar right. After 1 month of profit in real account if I don't withdraw , will my daily limit loss will increase or it remains 500dollar ?
MY MAN IS HERE
Are stop losses required? I can tell you I have never put sl, or tp into the market.
Thanks 🙏🏽
But guys there are people who can help you perform better and even beat the challenge, why would just spoil this opportunity 🤦🏾♂️🤦🏾♂️
Passed the challenge and failed verification the other day 😞 I feel terrible
Quick question please, is the free trial unlimited, if I don't break any of the rules and manage to stay profitable ? or a one time thing ?
I may be wrong on this so i ask you to correct me,
Risk management is only important after you have a strategy that is profitable in the long run.
If you have a wrong strategy and you apply "good" risk management on it, it then only allows you to lose all your money slowly but not fast this time.I hope you that is reading this understands.
I passed my demo in 1 trade in just 20 mins buy using simple price action, my daily Loss and allover loss was 2500.
Actually I have to trade for 4 more days then I will pass.
Many forex traders fail because they lack risk management. I passed a 100k challenge in just 8 days with good risk management put in place.
Do u still hold the account?
Hello again! Can you tell me what the leverage is specically for Stocks/CFD? Is it 10x or 20x? I keep getting different information on this. I understand stock leverage is different than Forex leverage. Thanks. 👍
Hi MoneyJuice _,
Leverage in FTMO is 1:100.
Thank you for your question, and feel free to ask anything else.
Best regards
Some of these curves are so nicely descending makes you think they just need to swap their TPs and Sls around
WTF 🤣🤣🤣🤦🏽♂️
my first day of ftmo demo trade 100k trade just btc im in $600 in two hours hope will pass dont have exp on forex but crypto have a bit
Did they fix the issues with their servers? Hows this running for you guys?
After passing phase 1&2 challanges,, how about verification
@ 8:45 😭😭🤣😂 Yoo that's ridiculous!
Eh, I did the same thing when I was new....
Made sense at the time.
Looks like Downtrend, sell on the pullback :D
Hi. On the video you talk about 30 days training period. That limit has been removed, right?
Hello @OscarCarlosSchult,
Yes, now we have an Unlimited Trading Period.
Thank you for your question, and do not hesitate to contact us again.
Hello! Where can I find the margin/leverage amounts for each account size? Thank you.
Hi MoneyJucie_,
The FTMO Solution uses 1:100 leverage. If you open a position with 1 lot in the forex market, you have to divide 100 000 by 100. Therefore the margin would be 1000.
Thank you for your question, and feel free to ask anything else.
Best regards
101 trades in 21 days is quite a lot, they put on excessive positions and also does many of them.
I think youd be left scratching your head if you checked my last challenge. €50k account. 5 trading days. 2.8k profits 100% win rate, 9 trades, 22 total lots, always had stop losses in place... Didn't pass because my equity went down too much in one day 😂 definitely not ideal for me but I guess it's fair
Edit: do you think that could also be a valid metric for a free repeat of the challenge in the future?
What is the ideal lot size for $100k FTMO challenge..??
best strategy is letting the trades hit TP and SL by itself. that way you rely only on your strategy and analysis. if you're not profitable then you're not ready yet.
You are correct
I 'm eligible for trying again my defi for free but i dont receive my acces during this April month after 25 days ..
Is it a maintenance ?
thanks...
if i exceed my losses but my trade isn’t closed yet just a pullback, will it change and say passing?
I did my demo last week and I passed all four ticks but few days later I stuffed up lol
What's the minimum profit I need to have to get a free retake?
The volume doesnt matter , You risk 1% With a 20 LOt with 5 pips stop loss for exemple
Good luck
@@Sad.YTbruh no need luck when you have the skills
@@jessmaan9722 GO GO GO!!!!
would i ask, my 1 account demo passed,can i challenge Real account? & this account also getting passed
😂😂😂 OMG... This video is hilarious and very entertaining...
If you're high maybe
@@dja1000s it is hilarious bro. I’m guessing your one of the failures on this video😂 these traders were clearly gambling and not taking this seriously
Exactly
And the first one was definitely a martingale ea user 🤣
I’m doing the challenge I haven’t exceeded my max daily loss is it supposed to restart an show 0 dollars after each day in the system
I am watching All videos before joining FTMO
good lesson
I los my challenge do to one dollar over the limit, in this cases am i not able to get something like a free try o something else?
Halfway to target on my challenge. Psychology going strong.
Documenting the journey on my RUclips using the same strategy I made a 15 video series on.
It looks like the failed challenges are from traders with no real system in place? It’s a shame. Hope they recover and come back again.
Where’s the video documenting your journey?
@@tr.j4079 long gone. I have removed all videos with the plan to use the channel for another purpose
I failed my challenge stage today, lesson learned don't be fooled by your own false hope that the market will work for you if you disregard the advance signal of reversal candlestick pattern.
Hey
How are you
Hope this msg finds you well.
Can we use layer entry in FTMO account.
i have passed 5 trials
i passed many ftmo challenges for me and my friends.
Idk how people take 70 trades in 2 days lol I passed my free trial twice just taking 2-3 trades a week risking 0.5 - 1% per setup
any tips on how to take higher quality trades?
70 trades in 2 days is absolutely NUTS
Even 70 trades in 1 single month is excessive.
I think 2-3 trades a day is perfectly fine!
If you have the skill to only need to do 2-3 Trad per week, even Better!
I think it’s fine if you are an intraday trader and you modify your open positions a lot to take partial profits etc. they count it as separate trades.
Loss 92k from 100k in one day😂😂😂 that's a Gamblers Mentality
I went from 20 to 19k then back to 20 then 18k then stopped
@Anthony's Matthew the sheer fact that you even lost that much is gambling is what shes saying. No good trader would ever risk that much to begin with.
@Anthony's Matthew yes I trade full time as my job. An investment plan doesn't deter the fact that you'd be blowing risk in a marginal situation where reward has to be matched. And people who do this never last and it's part of the reason long term traders like me and my group get such a bad rap. Rarely can people do this properly and consistently. That's why your method regardless of "investment plan" (which is bullshit) would lose her challenge instantly. People who trade like that don't last long in this industry.
people nowaday always treat forex as a gambling.
He didn't even try to make trades, straight to risking it all 😆
I got a question if a trade is in draw down is that still considered as a loss?
Draw down is counted towards your daily loss
Hey Simon, I’ve accidentally traded high impact news on my challenge but I still passed, I’m worried now, will my account be terminated because I traded during high impact news?
Hi Black King,
Please note, trading during the restricted news events do not apply to FTMO Challenge or Verification accounts. They do apply when you become the FTMO Trader with the FTMO Account.
Thank you for your question, and do not hesitate to contact us again.
Best regards
@@FTMOcom thank you sir
they have their own rules... if that doesnt fit to your rules after those u trade ever since hmm than it gets hard i think🙈
So let’s say I don’t decide to put SL I prefer closing my losses manually in order to avoid stop loss hunts ... will I be failed because I don’t put stop losses but my trades are positive
just make sure it doesn't go past 5% in drawdown in a single trade or else you fail
@Lil Giant got it
So what if you pass everything expect the 10 minimum trading days would I still pass or fail
Just open 0.01 lot and close in 2 minutes
Thank you for the value