Ciaran

Electrician | Day Trader | 27 | Irish
● Here to build up my phonebook and connect with other people on the same mission♟️

[Ciaran @ciaranceo]

For those who aren't familiar with it...

You get a £20k allowance each financial year. You can buy and sell stocks as little or as often as you want. You can also withdraw and redeposit profits within the same tax year without any penalties.

Not Financial Advice!!

[Ciaran @ciaranceo]

If you live in the UK and aren't maxing out your ISA every year, then it's a huge mistake

Even if you're someone that's still working full time but also making an extra 500-1000 p/m day trading, you need to be using S&S ISA

Before the government reduces the tax free allowance

[Ciaran @ciaranceo]

@Market_Mentor1 10% cash reserves at a minimum at all times. Learned this from a book called the richest man in babylon - worth reading 🤝🏽

[Ciaran @ciaranceo]

This is something I've ignored for way too long because I didn't full understand the freedom and benefits you have within the ISA.

Do your own research, but I think this is something traders should prioritise when they have a good run in the currency markets.

[Ciaran @ciaranceo]

@Market_Mentor1 Nice work man keep it up 👍🏼

[Ciaran @ciaranceo]

@apparentlytrder Congrats mate👏All that's left to do now is HODL!

[Ciaran @ciaranceo]

@king_husssein Yeah the spreads between prop firms can be crazy. in my experience so far ACG comes first place in that regard. Their execution has always been first class.

[Ciaran @ciaranceo]

For the traders out there managing $500,000+ in multiple funded accounts

How do you manage these accounts to ensure a steady flow of consistent payouts each month?

Do you trade them altogether? In pairs? Or individually?

Looking for advice to get payouts back to back ♻️

[Ciaran @ciaranceo]

@rotrade93 This is the sad reality about entrepreneurship. However the formula is simple... work works!

[Ciaran @ciaranceo]

@ALtradess good job mate!

[Ciaran @ciaranceo]

@apparentlytrder @Hero_loki9 @ATFunded For that reason, they will stay on my watchlist. Probably means higher challenge fees and tighter rules, but oh well 🤷

[Ciaran @ciaranceo]

Serious question for the traders who are getting consistent monthly payouts in the 3%+ range

What firms are you trading with that payout without any hassle or risk interviews?

I'm currently doing an ACG challenge and also looking at E8 Markets

Lemme know your thoughts 🙌🏼

[Ciaran @ciaranceo]

@apparentlytrder @Hero_loki9 @ATFunded In fairness they are conducting themselves professionally - still paying people what they are owed, and giving refunds to the appropriate people as well. Most firms just close the shop doors and leave their customers in the dark. So fair play to ATFunded

[Ciaran @ciaranceo]

@TraderMoazzam @akhalid9 Good to know! Thanks bro 🙏🏼

[Ciaran @ciaranceo]

@rotrade93 I look forward to putting it into practice ⏳️

[Ciaran @ciaranceo]

@ALtradess Im currently doing a 2step with alpha capital group, really good so far but haven't done any trading on a live funded with them - hopefully soon

[Ciaran @ciaranceo]

@Rony272602 @tradermike1234 Hi, it varies on each individual trade idea but statistically i have an average RR of 3.6r

[Ciaran @ciaranceo]

@rotrade93 Thanks man. I think this is the approach I'll take when I have enough account stacked up 🙏🏼

[Ciaran @ciaranceo]

@riskmanagervel Thanks for the feedback! What trade copier do you use for the 1.3m in funded accounts?

[Ciaran @ciaranceo]

@riskmanagervel I can see sense in this. However I still like the idea of splitting into 2 portfolio essentially of a few accounts in each.

Have you ever tried it this way before?

[Ciaran @ciaranceo]

@SF__Trades Not a bad idea, in the past I took the same trades on multiple accounts and eventually they all blew up and I was left with no funding so want to avoid that if possible.

Just want to know how people manage their funded accounts for some insight

Thanks man 🤝🏽