I have been trading since 2005, mainly Forex, it took me 6 years to find stabile ground and become profitable. Then I started to join money manager, signal providing services, which went well for a few years,
until the Forex market became very slow, low volatility. After a few years when PROP firms came up like mushrooms started to use them, which absolutely changed my direction. It destroyed my stability in the market. From the beginning all went well, I remember just in 2 weeks I had already pulled out 2000$ from the the5ers.com, that time I was still trading forex, mostly the gold. One month later I lost all my stability in trading, I felt like after so many years of trading I forgot all my experience and education. Let's say I fall in hell. After about 7 months of blowing PROP accounts, I wanted to change something, then I realized that the futures market is highly volatile and more professional than forex.
Again, everything went well from the beginning, it took 3000$ from Topstep in just 10 days, amazing right?! That was the end, first of all it took me some time to learn futures market behavior, charts, figures and so on. It is different than forex, mainly I am trading NQ. After 2 months of bending here and there I managed to collect 8000$ from Apex, then a few months of useless trading again. I was so close to withdrawing 40K but in the last few days I was managing to blow it all up. What I want to say with all this is that my mental stability flows away after trading with PROP firms. In the Forex market I was profitable for years, but with props I can hardly stand for 10 days. Here is the question why, answer for this is simple, I got griddy, I want to have quick and easy money because opportunity is just here, very close, so much money you can make in a very short timeframe…dreams…dreams .... dreams, but it is possible. In the last few months, I managed to answer and realize it, slowly changing and correcting some mental mistakes. Biggest problem is the time, with props you lose time feeling, you think you have very short time and you must rush, rush to make lots of money, because today is a big discount and who knows when it ends, need to rush.
After 100 days of being in hell, when you realize that your pocket has a huge hall and you are unable to make quick, huge money you are realizing that something is wrong here, nothing works. As you realized I have not used any market analysis of all market behavior, because our failure has no relationship with wrong strategy’s or crazy markets. The market was here and will always be as it is, it will always make nice patterns to trade, the problem is here with us, with our brain which thinks primitively. We are happy when for example Apex made a 1-day pass promo, 1 day, crazy, so nice, so good, I blew up 50-100 times more accounts than before. finally, I have passed those crazy times also and finally got rid of bad habits. I have set the lowest sizes from 1 mini-NQ to 1 micro MNQ, also I am trying not to think about time. These last changes totally turned my highway from Hell to heaven. Now let's talk about the Hell in trading. When you lose just because you are grid, you want quick and huge money. First of all, you harm yourself, you are losing health, time and money, you become aggressive, hopeless, you think about bad things, you want to be alone, you hate people around you and many negative feelings. Now think, is it worth having so much trouble just because of your wealth? think about it. To become rich in a very short time frame is an unrealistic dream. Even if you win that much money, very soon you will give all back to the market, because of your mindset. Here comes the question, then what to do with this. Key is here, solution is very simple to say, but hard to realize, as I mentioned before, just forget profit in short time, use lowest contract sizes, don't add to losers, add to winners, make your daily target and max daily lose,for example with fast track trading for 25k accounts 1250DD after few weeks testing I can easily make 150-350$ with 1-3 contracts of MNQ, daily max stop out 280$
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