BEST WAY to APPROACH PROP FIRMS
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- Опубликовано: 13 окт 2023
- How to trade with prop firms, pass prop firms, and become a funded trader and become a professional trader.
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AI Generated description:
In this insightful video, we delve into the most effective strategies for approaching prop firms. Whether you're a seasoned trader looking to expand your horizons or a newcomer eager to kickstart your trading career, our comprehensive guide covers all the essential techniques and tips you need to know. Learn how to connect with prop trading firms, ace your interviews, and secure your spot in the world of proprietary trading. Discover the secrets to prop trading success, explore the nuances of risk management, and gain valuable insights into prop firm culture and expectations. Don't miss out on this invaluable resource for aspiring traders seeking the best way to approach and thrive in prop trading firms. Subscribe, like, and share to stay ahead in the prop trading game! #PropFirms #TradingSuccess #ProprietaryTrading #ApproachingFirms #TradingTips #TradingCareer #RiskManagement #TraderInterviews #PropTradingCulture #TradingStrategies
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.
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#ForexTrading #ForexJourney #ForexTrader 
Развлечения
Prop firms should give certificates or merch for “traders” that fail 50+ challenges in a row.
Lol
Lol
😂😂😂😂
🤣🤣🤣
yes and then give them a full refund towards a 2nd career
Cant wait for part 2. Great video as usual. Cheers
definitely need that part 2 bro! great video and some really good points
Great vid Kimmel, bring on part 2.
Thank you brother for the value you are providing.. yes for part 2
Need that part 2 🔥
This is very helpful waiting for part 2
Cool advise. Thx
Please do a part 2. Thanks Champ
A second part please, Great video😊
Would love the risk management video of the challenge account and the live phase!
Always good content, keep going bro!
Will do!
Part2 please bro, such nice content
this was really helpful, thank you I like the way you think with the 2 months lose factor
Could you also talk about Risk management in terms of also scaling in positions and scaling out at different TP targets?
Amazing Content! I would love to see the risk management video.
Thanks for clarifying this information ❤
🧐, part 2 would be great, loved part 1. 👍
Great content this guy 👌🏆📈
I'm interested in part 2 please and thank you
I've been watching all your videos regarding risk management, been trading almost 2 years, breakeven trader so I've identified that my weak point is risk managememt, would appreciate an updated video regarding it. As always, thank you for your wisdom!
One of my expertise definitely is risk management!
@@KimmelTradingis e8 a good prop firm ?
Wow men I’m so proud of you I been watching your video for about 2 years and men I can see the growth and I’m not talking financially
Amazing video with a lot of quality value, Bless up ❤
Thanks...
Can you pls make a video explaining about investors and how did you find them or find you
The clarity and understanding I have on this video is off the roof. 6:49 💯💯
Thank You Odogwu
w8ing 4 part2 :)
Are you planning to switch to futures markets,
The risk management video would be amazing to see 👀
So useful for a beginner. Thanks Kimmel! Wish you to achieve beyond your dreams in 2024 with investors !
Nice editing!
Thank you!
The comfort number was a game changer mindset wise for me 🙌
Thanks
part 2!
Few Questions:
For Phase 2 and Live Funded stage: is the spreads / slippages normal?
And if you get to a payout do they pay you or give excuses like some stated on twitter?
Which prop firm is reliable now?
Still a good way to leverage money. You're right about that.
please make a complete risk management video
🙏🙏🙏
Part 2 man
Thank you 🤜 🤛
🙏🙏🙏
Oh that is interesting. I never liked tradezella, but you made a good point about it. Great vid as always :)
👌👌👌 Makes perfect sense.
As always great video !!!🧐
Thank you!
Great video 🧐
Yes I did that for 40 challenges but it messed with my mind and displine. I couldn't keep my live accounts at then even though with big payouts as I've fully documented it on Twitter and this is not sustainable on the long run for me. And I also was a money manager for my followers with a good track records so I'm it saying it cannot be done your way but mentally it's not q good thing. Losing any type of accounts live or funded is annoying. I don't lose anymore accounts now. This is also why I retired on Twitter but I would gladly give you som advise as I did for 2 years to my followers.
Yes, strategies on Risk Management please. 5:12
Hii Kimmel, really like this video, it inspire me a lot. Hope to see part 2. There is an problem for me too is that how can i calculate my risk and reward after take partials profits at the side?
Yes Risk management please🙏
Please do one
Great content 💯
I think he has an old video about it if you need something for the time being. I can help you find it. Just me know 💪
lets get a part two please: risk management
Already in the works!
Prop firms are the most genius solution on the market at this time. Im praying SEC will not shut them down all as the brokers and banks most uncomfortable competitors. They give a real possibilty to get the life freedom. Its hard way and you should take a lot of time to start receive profits, 1 year is minimum. But its worth it
I agree too
Most are scams, nothing more than Ponzi schemes. They will kill themselves…
@@KimmelTradingYeah bro! I even got into this stuff because of you. Leveraging little money for big returns. 🙏
Please make a video about risk management, that will be really helpful for all of us
I’ll give it to you without the wait:
ALWAYS have a Stop Loss set when entering the trade and NEVER risk more than 1% per Trade.
There, all you will ever need
🧐 Great video Kimmel!
Nice one bro 👌
Thank you!
🧐 value value value, well done people can't be reminded enough about taking the risk out and being sensible on how you risk and how that evolves over time with challenges.
You are one of the best youtubers in the trading space out there mate.
Part 2 would be interesting there is always something to learn.
kimmil what do you think about skill founded trader ?
I want a part two
🙏🙏🙏
Kimmel pls review Vision Star Trades prob firm
Good video
part 2 plsss
Maje video on risk management.
Any chance you can make a video about Lux Trading Firm? They are saying they are doing the A-book model and have 1M challenge with scaling to 10M, seems like a legit and better option than most of the "regular" prop firms...
Yes part 2. Cause naturally you have to risk way more than 1% of your max drawdown. Or else people would be making very little amounts of money with people firms.
Yea part 2 risk management
Risk management video please, would like to how much percentage risk I shud take, coz I get only 10 trades a month
Question: When we ask for a payout the account close and we have to do the challenges again?
great video , people should take a deep breath and withdraw even minimum 20$ plus the refund and then the real trading and real you starts because a pressure is relieved and somehow you are positive and take it lightly and then the whole journey takes a positive trajectory .
part two
🙏🙏🙏
Could you make a video about your strategy? Everytime you get a winning trade you explain the trade and your strategy is different. Why is that?? Thanks
🧐, do professional traders managing investor funds not require licence or regulation by the authority?
recipe for chocolate balls pls
Of course, you are a professional! And you are being paid money to trade someone else’s capital! Professional trader. Great job! Great content.
6:27 No. When the time comes. I will be hard headed. I'm going to go for the home run 😂
🧐 yes yes yes! A stepping stone that multiplies your money for a personal account and gives you a track record to go professional. Prop firms are not the end goal! Also, I’m envious of your hair
You know, it’s best to go with a 5k to 10k account which ranges between 50$ to 150$ depending where you go, prove yourself you can at least make 10% of 5k (which you can also scale up) then after that just buy another bigger account with your withdrawals and keep both to keep risk minimal
You 3-4 years trader guys become expert on every topic now. Looking good. Being a trader is a big bubble now. You guys need to be prepared.
Giving myself the whole month to pass 10k challenge instead of a week or tryna pass and get paid lol
Kimmel may i know how many trades u would take per month
Bro do a vid on how to open deel account 😩
cool
🧐 I want part 2 ^__^
How to search for an investors
What's happens when you lose the fended account??
Wait for me, I'm next! Hope to become Funded soon!
Let's goo!
Kimmel what your view on fundednext
@@KimmelTradingWhat's your view on funded next prop firm?
Wait until they 'Slip Them to Hell' on you then you might consider the risk bro 😂
Hey Bro please make a video about Darwinex Zero, and Darwinex Pro, WE ARE LEAVING the scammers..
Key takeaways.
Risk what you are willing to lose. Get you comfort number
Have an extra source of income when starting.
Get you money back first, then focus on scaling your profits
Prop firms are a stepping stone. Journals and a strategy are important
Hi Kimmel, i don't know if you will see this and be able to reply, i hope you do. I just wanted to kindly ask about the requirements for one to move to Dubai, permanently as a trader. In terms of visa especially
Real trader kimmel
I have to argue the risk side. You said you’re only risking the money you paid for the challenge but that’s not true. Tell that to the people who were expecting payouts. I was putting all my attention only on the prop firm account and stopped focusing on trading options on my broker account. What I do is make the money from options to pay for the challenge. Sometimes I wonder if I’m better off just focusing on my cash account. I don’t have enough capital to make $500 a day though and don’t want to risk my life savings so I’m still sticking with prop firms but I’m missing out on $300-$500 a week that I could be making if I wasn’t trading challenges
Who’s limiting you from trading both accounts simultaneously?
Okay, I hope you guys don't take this the wrong way, I am kind of new to this, but how does a 1000-dollar challenge end up being out of budget for a guy with over a million dollars of assets under management. You just said that you technically risk 2,000 dollars per trade. At that level, 1000 dollars should be live pocket change for someone like you. What am I missing?
💯
A bit idiotic question, a trader is capable of generating 15-20%++ profit’s every single month. Q1. Does prop firm give payout every month Q2. Once spotted a trader is consistently withdrawing more than 15% a month than does his/her trading account put on cheat mode by prop firm so as there order will execute it bigger slippages and forcefully drag down to breach account
Any tft affiliate code?
Yes, KIMMEL
Regarding your comment as using prop firms as stepping stone. What if I use the prop firm profits to fund a personal account. Does that also count as a stepping stone or is that too big a challenge to build a 100k personal account? I hope you get what I am trying to say.
I think that's also valid. Not everyone needs to go through the professional route.
But if you can properly maintain your track record from prop firms to get investor funding, whilst also trying to fund your personal acct, that will be a lot more rewarding
Always giving very clear picture of prop firms. Thanks..Many of your risk related points help us to grow in trading.
At the end of Oct I'm going to take 10k funded challenge my goal of this last quater is easy "to pass a prop firm challenge
I probably should consider the risk more. I think I risk too little. I was able to win the first part of a challenge in 30 days with 6 trades. I lost the second phase in 60 days with 8 trades. My edge in trading is roughly once or twice a week. I considered risking 2% or even 3% per trade is that a realistic risk?
30 days for 10% is great! Don’t rush it and get nervous when you don’t see the numbers go up fast enough.
Tbh I wouldnt go much beyond 2% Risk per Trade. Even with a 60 - 65% Winrate you will have loosing streaks of 3, 4 maybe even 5 Trades in a Row.
That’s a recipe for a blown account if you up the risk more.
Also the psychological burden is much bigger if you risk let’s say 5% compared to 1-2% per Trade.
Also if you are so anxious to make a lot of money and your concept is working, don’t try to flip small account, go for a bigger one and do it slowly. The payoff will be much greater and it’s a lot easier on your nerves to needing to risk a lot just to make money and get by
@@lterhechte I’m neither anxious or trying to flip an account. I did 10% in 6 trades considering winrate is important but I also have a low trade rate sometimes I stare at the charts and will still go a week or 2 without trading. My bare minimum to even get into a trade is 1:2 but at most can be 4 and 5 if it plays out exactly as expected. My winrate for an easy 1:2 is pretty high I do close at 1:1 sometimes too. Considering all of that and going with a higher percentage makes sense if I’m doing under 10 trades I wouldn’t say that if I did more trades within a week.
@@anonymouspayload254 yea but with let’s say 2% Risk you only need one 1:3 and one 1:2 RR trade and you passed phase 1. That’s plenty of risk. I get that it’s hard to wait for the setups but that’s actually a tremendous strength you have. I myself struggle with overtrading from time to time but if you have the ability to just sit on your hands and wait for the market to come to you, you are more than half way there.
And just think about it. Assuming you work a 9-5 similar pay to mine, one trade a month on a 100k funded with 2% risk and 1:3 R is prolly more than you make right now.
If you truly want to up the risk do so, but once you pass cut the risk to 2% max. I’d say.
Once funded you don’t want to loose that account.
Also after the first account and a good payout I would maybe consider upping the risk a little on the challenges just to get more capital quickly.
But like I said, once funded you don’t want to loose the account.
Just differentiate between funded accounts and challenges concerning your R value is all I’m trying to say here I guess.
can I contact you directly?
I still don't understand how people can blow multiple challenges in a row in a short period of time. I mean you should go back to demo and re-evaluate yourself first before taking on another challenge.
Exactly! Proper gambling!
Im using 0.7 lot size, risking 70 dollars on a 12500 account. Hope thats not bad
It’s good. Because it’s +-0.5%
@@KimmelTrading ok thanks
I do 10% gambling approach. Pass or fail ,😂😂😂
The prop firm industry has just evolved, in a wrong approach. Back then people were funded institutionally with actual live funds because that's what their profession was - an institutional trader, and they had credible experience and certifications when involved with the markets. Now, these "prop firms" that don't even give you live funds are targeting retail traders which was not the original idea, so no wonder why the prop firm industry now has bad rep. I think more regulations regarding with "simulated trading" and "live funds" should be taken in place, to sift and filter through the scammy prop firms and give light to actual legitimate proprietary trading institutions, that way less skilled and unaware people are being targeted (it's actually beneficial for them because then they won't lose money from challenges).