💼 Prop Firm Trading Plan
1. Split Your Daily Drawdown Limit
•Divide the daily drawdown limit into two equal parts
•This gives you two clear chances without breaching limits
2. Risk Smart: 2.5% of the Halved Drawdown
•Only risk 2.5% of your half (not the full daily drawdown)
•Keeps your risk tight, controlled, and consistent
3. Target High Risk-to-Reward (R:R)
•Aim for 1:7 R:R setups
•One win can erase multiple small losses and grow equity fast
4. Limit Yourself to 2 Trades Max
•Avoid overtrading
•Focus on quality over quantity
Retail has a hard time removing self-limiting beliefs around money. Some can make a certain amount and then plateau.
When I worked with Rande Howell he mentioned he had a trader that couldn’t break through the $100k account mark. Every time he reached it, he would self sabotage.
It wasn’t until digging deeper that he had a limiting belief instilled by his father. He would always say “nobody is worth $100K/year”.
When you realize there’s a nearly infinite supply of money, all it takes of you is to transform into the person that is worthy of having it.
Just sharing this below because there are people living in a whole different world…it just comes down to self belief.
BREAKING NEWS: Neverrrrrrrr... Neverrrrrrrr... Neverrrrrrrrrrrrrrrrrrrr look desperate in life. Remain calm during hard times. Understand it's just your time to suffer like every great man before you. You're a man.
Somethings I think everyone should have:
Alternative power. Solar, Inverters 3 fuel generators ideal. Supply of fuel.
Minimum 3-6 months nonperishable food.
Countertop water distiller... in 4 hours it can turn sludge into pure drinking water. I use 1.5 gallon units.
Have means of dealing with blackouts.
Any meds, get extra... by any means.
Need eyeglasses and put them off lately? Go... get it sorted.
Learn to do things that feeds you, without a grocery store required.
Have means to protect it.
BREAKING: The closure of Saudi Arabia's East-West pipeline after recent strikes is set to remove 4% of global oil supply if it is not reopened this week, per Reuters.
Currently, repair estimates are ranging up to 6 weeks, meaning we are set to lose another ~4 million barrels of daily oil supply.
Iran-allied Houthi forces also continue to push toward the Bab el-Mandab Strait.
Oil markets open in under 9 hours.
At the end of your life youll never wish to be a weaker person, with soft character, and fewer crazy comeback stories.
So you cannot wish for easy times, for things to come fast, and to never get knocked down.
You cannot become an extraordinary person & expect an ordinary life.
You need to be delusional if you want to be successful because your goals shape what you perceive. You won't notice the rare opportunity or life path if your goal isn't so big that others think you are crazy.
Talk about a turn of events.
Oil prices are back above $100, PPI inflation is up to +5.4%, and President Trump is preparing potential $5,000 "dividends."
Now, US long-term borrowing costs are up to their highest since June 2007.
What comes next? Let us explain.
(a thread)
@ICT_Concepts Core Content Month 1 - 4 helped me more than you could ever imagine, completely changed the way I look at the market and how I anticipate the setups instead of chasing them, if anyone has not watched, go do so, a veil will be lifted
Key Events This Week:
1. US Markets Closed, Labor Day - Monday
2. US 10Y Note Auction - Wednesday
3. August PPI Inflation data - Thursday
4. August Existing Home Sales data - Thursday
5. August CPI Inflation data - Friday
6. September MI Inflation Expectations data - Friday
7. September MI Consumer Sentiment data - Friday
This marks the final week of inflation data before the September Fed meeting.