How I passed 4 challenges back to back ...
And got 6 figures funded in 2 months ...
A Thread...
And got 6 figures funded in 2 months ...
A Thread...
1. First off I made sure my strategy was able to at least do 5% a month.
If it can do 5% a month , all I need to do is risk 2% to make 10% .
And that's exactly what I did
If it can do 5% a month , all I need to do is risk 2% to make 10% .
And that's exactly what I did
2. Long term data is important .
I had long term data showing I had a 95% chance of passing Phase 1 for MFF ..
Use the data to see if you can pass challenges
I had long term data showing I had a 95% chance of passing Phase 1 for MFF ..
Use the data to see if you can pass challenges
3. Adjusted risk , so I would adjust my risk based off my monthly trading opportunities.
If I got 20 trades a month I would risk 0.5% ... so I have to lose 20 trades in a row in a month to fail the challenge .
In my case it was 6 trades a month, so I would risk 2%
If I got 20 trades a month I would risk 0.5% ... so I have to lose 20 trades in a row in a month to fail the challenge .
In my case it was 6 trades a month, so I would risk 2%
4. High RR.
When my RR was 4R plus I could pass in a 1-2 winning trades .
Very easy for me tbh , especially with my high win rate.
I might not trade often. But I don't need to .
1 trade us all it takes to pass a challenge .
When my RR was 4R plus I could pass in a 1-2 winning trades .
Very easy for me tbh , especially with my high win rate.
I might not trade often. But I don't need to .
1 trade us all it takes to pass a challenge .
5. High Probability Trading ...
I chose to use HPT because my win rate would be high as well as my risk reward ratio.
Easiest way to pass challenges when you win most of your trades and your wins are huge.
I didn't mind trading a few times a month
I chose to use HPT because my win rate would be high as well as my risk reward ratio.
Easiest way to pass challenges when you win most of your trades and your wins are huge.
I didn't mind trading a few times a month
Loading suggestions...