The SECRETS Prop Firms DON'T WANT you to KNOW
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- Опубликовано: 17 ноя 2023
- A set o rules to increase the probability of you becoming a profitable trader with prop firms.
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we want the webinar, that woulod be a great uportunity for all of us!!!
My take away lessons/learning from the video !!
"Secrets to Succeeding with Prop Firms: Understanding the Game They Play"
Prop firms don't want you to win, treat it as a numbers game
- Prop firms are not here to make you rich, they profit from the fact that 95% of traders fail
- Define rules to increase your chances of passing prop firm challenges
Prop firm results depend on your trading skills and strategy
- Be profitable and have a profitable trading strategy
- Choose a sustainable approach over aiming for a big payout
Manage risk effectively for profitable trading
- Limit risk to 1% in prop firm challenges to allow for drawdown
- Focus on long-term profitability over short-term gains
Limit challenge per month to one
- It is industry standard to have time limits for challenges
- Going through high drawdown indicates a possible issue with mindset or strategy
Take at least 2 weeks break after losing a challenge and analyze your mistakes
- Reflect on the mistakes made during the challenge
- Write down how to solve the mistakes in the next challenge
Reduce account size after a loss
- Dial account size to half after losing a challenge
- Find the account size you are most comfortable with
Choosing the right account size and practicing proper risk management increases the probability of making money with prop firms.
- The reason prop firms provide a 10K account with 100% draw down is to trigger emotional decisions and increase the likelihood of failure.
- Having a profitable strategy and not risking more than 1% on the challenge, along with the right account size, increases the chances of making money with prop firms.
Risk more on challenges to make it long term as a trader.
- Consistently pass challenges and get payouts to start playing an advanced game of risk to reward with prop firms.
- Although not recommended, some traders try to quickly pass challenges for bigger payouts, but it may result in more failures.
1:35 Are you going to post the Risk Management webinar on RUclips?
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.
The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
Crypto is a whole different ball park.
I would only invest funds in it that you are willing to lose or don't need.
In terms of day trading crypto I don't keep a eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
That's right, you need an experienced trader to make good profits trading cryptocurrencies
Plz do the webinar bro , we need that risk management 🙌🏾
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5
I agree with you! With her help, I diversified my 450k portfolio among different markets. During this bearish market period, I was able to produce a net profit of little over $1 million from high dividend yield stocks, ETFs and equity. However, the reality is that you cannot do it without a tried-and-true trading coach like Kimberly Kent
yeah she does and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
I'm waiting for this webinar
Very interested in the Risk management webinar
Yeah i want to see the Risk management webinar
i want to see the risk management webinar
hell yeah...! we want the webinar.
We want the risk management webinar/video
Do the risk management video.
Been a profitable trader in a losing streak. Really like your videos for opening my perspective a little and refresh. Thank you
We want that webinar
yes please make a video for rish management’
Do the risk management webinar
Yes would like to see the webinar
Soon!🙏🙏
Muito complicado lidar com as prop firms .
YES TO THE WEBINAR
Webinar please!🥳🎉
Webinar pls
Sustainable road is the long term vision on all aspect either Risk management or your goals. Accumulation of RIGHT SMALLS STEPS will lead you quicker to your goals than to be greed (by wanting all right now).
Webinar please bro 🙏
Amazing advice. Thank you
risk management vdo please
Yes I want to see the risk management webinar 😂
risk management webinar for sure
thank you buddy for being honest in this environment
RISK MANAGEMENT VIDEO PLEASE
Webinar❤❤❤
Kimmel why are u only trading on ny and not london session doesn't the high or low form during london how do u catch the daily wick in new York brother
Consistency
Discipline
Plan
Timing
Win or lose stay consistent.❤luv for tips ..
3:13 perfectly said
Love you spartan brother
Let's see the risk assessment webanaire
Amazing insight Kimmel, straight experience here.
Yes please
the risk webinar will be great
Respect bro
The best video I've ever seen about Prop Firms and all that
Risk management
we need that risk management webinar man
Hehee! 🤝🤝
Man you are the great
1. For trading firms its a Numbers Game, So Think in 100 trades not 5 trades as 5 is not enough sample size
2. Only think about Prop Firms after You have an edge and already profitable in the markets
3. Take Prop firms with a sustainable risk management ie risk less than 1% on a trade
4. Only buy prop firm account with the money you are okay to lose, Go for multiple small accounts rather than a big account when starting. Take prop firm account size you are comfortable with
5.After loosing a challenge, don't buy an account there and then , go back to the drawing board and figure out what went wrong ,Reflect on mistakes you made and solve
6.Become neutral with the money you spend on challenges
7.choose the right account size that u can psychologically trade well , some one buy 100k account when they are not ready to trade such account size
I am waiting for risk management tutorial, and a prop firm needed strategy break down video please
@@Tapicontowtsapme thank you for the reply
Kimmel do u also trade on Monday
Cause Mondays for me is always a bad trading day for me but it's just my personal experience so far as a new trader
@KimmelTrading You Really Need to make that "risk management" THINGI
I am happy to find your chanel!
You are right bro ❤
drop that risk management, my guy we need that
Representing Portugal at the best!! W trader!
seu gay
thanks for the amazing drop today🎉
🤝🤝
You are absolutely correct, funded prop firms are the close cousin of legalized gambling casinos. Their rules are akin to the "0" and "00"" slots on the roulette wheel, taking the 50/50 odds of winning to a 53% win advantage to the house.
do the webinar
Hehe, I might have to break the algorithm with the best webinar online
the biggest takeaway of this video is that without risk management and the right mind you cant achieve success, because you can have the best strategy but then blow the acc in few trades with inappropriate risk and mindset. also reminded me that i should delete social media cuz it can be deceiving and make you think that you arent doing good if an influencer made 5k in a day where you lost money with YOUR model that proved to be successful in the long term
No need to overleverage.Slow and steady progress i use 1% risk if i lose one trade i use 0,50% and then 0,25%.I think that this is the process in order to get used the account size and the numbers that you see in the terminal
Thank you for sharing. Financial education is vital these days and buy and hold strategies may not be effective. Fergus Waylen's course taught me a lot about trading and improved my finances. Using trade signals can produce competitive returns and stability. The timing of entries and entries helps the investor stay calm. I've made more money and seen positive results since I started!
Even though the stock market looks bearish and market sentiment is low. But he keeps us grounded through his real analysis, the facts in the charts.
We can all learn a thing or two from Fergus Waylen himself; his profit techniques are phenomenal. Thanks to him, I'm making more money and getting richer.
What impresses me most about waylen is that he does a great job of explaining the basic concepts of winning before he actually lets you use his trading signals. This goes a long way to ensuring winning trades!
How do I find him?
He often interacts on facebook , using the user name
obrigado amigo.
The risk management videos is now available? 1:46
*There is really no substitute to trading with the right approach. I already kicked my 9-5 Job to the curb and I'm living life of my terms. Thanks to expert John E Armani. I'm consistently profiting on average of 5-6 figure return for over a year now.*
Pls risk management
Webinar
1% of the prop challenge or 1% of the max draw down?
Example 50k account with max dd 2k challenge with 3k profit target . 1% of which one?
why you don't talk yet about the huge update of ftmo?
Anyone test out DEI Funded yet? It's a new prop firm. I have 2 5k challenges but I can't seem to find any proper reviews or videos about this company
Consistent payouts it's better then Home runs
Update on My forex funds, what do you think will happen
Its the trailing draw down that gets me 😳🙄.. When you are back in profit .. But still in draw down.. And i have not yet passed a challenge.. But guessing when you become a live trader they put this on you.. Are all challenges like this or just FX Funding 🤔
Takeaway's is however your performance is now, will spill over into your prop accounts and i actually experienced this.
Just trade with your winnings. Start with the lowest challenge you can do and if and when you profit from that, just use those profits to pay for the next highest one and so on. As long as you follow the tips in this video then all you're effectively risking is the cheapest challenge you can find. The rest is your skill. And understand that, any time, you can lose so if you're just trading with your winnings then all you've lost is time and effort. It seems so basic saying this but so many people don't think in these terms.
Hi tell me this if you have a 100k acc and you risking 1% and you can only lose 10% of that 100k which is 10k. So how much is 1% if it is 1k is that not 10% of your losable amount and not 1% ?
Nyc one
How can I get inside a prop firm if I’m a us citizen
I hope to have luck in the giveaway, and in trading perseverance, risk management, and a positive psychology🍀
1. Have a profitable strategy and solid risk management
2. Don't risk more than 1% and have a low-risk approach
3. Don't focus on big payout, wait for at least 2-3 weeks before buying the next one.
4. Choose the account size u r comfortable with, be mental prepared and avoid making emotional decisions
🤝🤝🤝🤝
@@KimmelTrading¿do you think for going into a bigger challenges, such as 300k I will need to be prepared with demo accounts if I am used to do smaller challenges such as 5k? I am asking this because you mentioned that people are not ready emotionally for this huge amount of money. what would you do?
Actually, I would like to watch such kind of a vebinar
🔥
Got some good points although the timeline for them is definitely based on the person
This guy is smart !
1.Learn about trading and a good strategy based on price action by ICT would be better.
2. Learn about risk management and master your emotions (by taking a small account and using your results as backtest data)
3. Trade money that you're ok to lose.
4.Disciplined and patient cause avec challenges you have to keep those accounts.
5.Don't try to make money 😅😅!
Bro made things clear
Great video!
awsome
🙏
Thank you odogwu
5:08 What is this? Easteregg ?
So you have learn nlp neuro-linguist programming?
I know you mean, proportional lots, margin level, and currency parity diversification. Alrigth?
🔥🔥🔥🔥🔥🔥
🤝🤝🤝🤝
I would add one tweak to what you're saying. Prop firms that offer you real capital when you pass their evaluation generally want you to succeed. Many real capital prop firms are "A" booking you (putting you straight through to market). This means your goals and their goals are aligned. They are not a counter-party to your trades. Said another way, they are profitable when you're profitable. Companies not offering you real capital when you pass their evaluation aren't prop firms (just my opinion). As Mr. Kimmel is saying, their business model is based on the majority of traders failing and they are more than likely "B" booking you (trading against you).
why buy one 100k for 500e, best way buy 2 50k..chance is double at least..
Thats my new approach, and I like your way "two trades, you win or you lose"
Drawdown are ways to touch on to reality, if there're no drawdowns it means it easy which it isn't true.
Drawdown are normal, the goals is just to tweak it so it's too much.
Spartan Spartan Spartan
Superb🎉🎉
Ok risk management
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 will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Hey how good are your earnings I will like to get some insights into trading thank you.
Currently i can attest to the fact that I
make $18,300 weekly through trading
which is more better then my monthly salary job. Trading becomes my passive
income.
I can relate to all you said becaus am facing similar thing right now.
Congratulations I wish you more success.
Hi, great info thanks! Could you touch on how the margin works on the brokers mt5 at some point or do you have a previous video? Is the margin the figure that needs I need to concentrate on? Just seems confusing as a beginner, it’s probably easy to grasp though..
Avoid the pressure that comes with losing a challenge
So you should go for challenges that put you in a comfortable position of taking minimal losses
Someone should tag Angelo Ciamello, TFT CEO
Then he bans me :(
@@KimmelTradingikr😂
But so long I’m profitable I really don’t care if they want us to win or no
Great video on risk management and yes i would like to attend a webinar .
Today i got to learn that most prop firms are designed to fail traders basically targeting retail traders mindset and psychology. We must not use more than 1% risk per trade and in case of drawdown we must reduce position size. In case of account breach we must take atleast 2 weeks gap before going for another challenge, finally we must select an account suitable to our style of trading and risk capabilities
Thank you, Sir!
Take away is don't risk more than 1% 😊
I've been supporting u i want the giveaway so make it happen
I blew phase 2 . I didn’t have my emotions on check 😅 broke my rules . Gonna wait at least a month before I get another challenge. Funny thing is I would have passed it if I stuck to my plan . That stings