Lessons in Going From 25+ Failed Prop Firm Challenges to 6-Figures in Funding in 2022
A Thread 🧵 (1/6)
A Thread 🧵 (1/6)
1. Don’t Risk Too Little
Starting in challenges I was so scared to put on risk in fear of failing, so I failed by default
Remember, what you focus on gets brought to life
Don’t be afraid to fail because then you’ll never succeed
Starting in challenges I was so scared to put on risk in fear of failing, so I failed by default
Remember, what you focus on gets brought to life
Don’t be afraid to fail because then you’ll never succeed
2. Don’t Risk Too Much
The other part of me gave myself a pass to overleverage and risk too much because of the time-limits
But stats show, the people that pass challenges consistently pass b/w 2-4 weeks. Not 1 day
Plus, now we have extensions and free retries
So No Excuses
The other part of me gave myself a pass to overleverage and risk too much because of the time-limits
But stats show, the people that pass challenges consistently pass b/w 2-4 weeks. Not 1 day
Plus, now we have extensions and free retries
So No Excuses
3. Line up Your Risk to Pass by The Beginning of Week 3
This leaves room for low performance and mistakes
Ex: My system produced 4R a week on average
By risking .75%, I will pass by week 3
That’s my Goldie Locks risk
Find yours through backtesting and/or your trading journal
This leaves room for low performance and mistakes
Ex: My system produced 4R a week on average
By risking .75%, I will pass by week 3
That’s my Goldie Locks risk
Find yours through backtesting and/or your trading journal
Slow Down in Phase 2
Countless times I’ve passed Phase 1 just to blow it quickly in Phase 2
We all get that “finish line” syndrome and want to hurry up and finish.
But you have a smaller target with double the time
SLOW DOWN!!!
Countless times I’ve passed Phase 1 just to blow it quickly in Phase 2
We all get that “finish line” syndrome and want to hurry up and finish.
But you have a smaller target with double the time
SLOW DOWN!!!
Lock in Your First Payout
This is how you win the Prop Firm game
There’s a reason they make you wait 30 days before you can get a payout, they’re betting that you mess up by then
By locking in just 2% you can pay for your next 3 challenges and double your total funding
This is how you win the Prop Firm game
There’s a reason they make you wait 30 days before you can get a payout, they’re betting that you mess up by then
By locking in just 2% you can pay for your next 3 challenges and double your total funding
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