Isaacquachfx
Isaacquachfx

@isaacthequach

10 Tweets 24 reads Jan 25, 2023
Here’s my SECRETS on how
I’ve passed 6 challenges back to back .
and got 500,000$ in funding in a few months .
1. Lethal Trading System + Work Ethic
I spent 40-60 hours a week developing a strategy I can pass challenges easier .
You want to have the most lethal strategy possible before doing these challenges , they’re not easy ..
2. Not too much or too little risk .
If you risk too little you won’t pass , if you risk too much you’ll blow the challenge .
Find the perfect balance for your strategy .
3. Smaller Challenges
I prefer stacking 50K’s and 100K’s because I wouldn’t get too emotional. In my experience when you reach Phase II or finally get funded . It only gets harder because the money starts feeling more real and it affects your psychology .
4. Smaller Challenges - Part 2
Prop Firms are designed for traders to fail , and one of their mechanisms for helping traders fail is encouraging people to do larger challenges so that they can blow it on the funding stage/Phase II from bad psychology .
5. Timing the Challenge
The time you start a challenge is CRUCIAL for success .
Here are some factors that affect success based on timing .
- Market Conditions
- Winning/Losing period
- Pre-Market Preparation
6. Timing the Challenge - Part 2
Market Conditions can = a failed strategy , make sure to start during optimal market conditions.
Starting a challenge AFTER a winning streak is bad because a losing streak is due
Starting a challenge with little market preparation is bad .
7. Targeting Easier Firms
Most of my Capital is at MFF because their challenges are the easiest , and they’re one of the TOP industry firms.
I’m stacking accounts at FTMO because I’ve gotten more skilled . But generally easier firm = higher chance of passed challenges .

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