The easiest $20K I ever made ended up costing me every account.
These accounts were up before the news. I forgot there was a pending sell limit order on Gold that I never canceled.
That mistake made me around $20K..
While trying to maintain consistency afterward, I took a few losses... and eventually breached them all
@TraderMHT Also I will return that amount as soon as I request my Payout
You can also see my profile feed for the past proof or if you want I will send Individual Payout Image in your DM
It will very very beneficial if you help me at that time
Also I am in your Telegram Family from 1.5 yr
@TraderMHT I already choosed you as my Mentor and understood your psychology and strategy
Thank You Brother โค๏ธ
But currently I need 100k FP Account
Because currently I am facing very much financial crunch, so thatโs why, if you are comfortable to help me I am happy to share past data
11)
Reality check:
This isnโt a quick win.
Everything depends on:
โข Sanctions clarity
โข Legal frameworks
โข Asset control
โข Political stability
High reward โ low risk.
10)
And oil isnโt the only play.
Venezuela has top-10 global natural gas reserves.
LNG exports are possible โ
but only if infrastructure is rebuilt.
Big upside. Big risk.
sat next to a 20 year old guy on a plane who casually mentioned he made $4.5 million last year
didn't look rich
t-shirt
jeans
beat up backpack
i asked what he did
"i trade futures"
"full time?"
"yeah, about 3 hours a day"
"$4.5 million in 3 hours a day?"
"well, it's not really about hours, it's about decisions. i probably make 10-15 decisions per month that matter. the rest is just waiting"
"what do you mean?"
"most people think trading is constant action. it's not. it's 99% waiting for your setup, 1% executing. that's why most people fail. they can't handle doing nothing"
he pulled out his laptop
showed me his calendar
90% of trading days marked: "NO TRADE"
"this is march, see? 31 days. i traded 7 times. made $380k that month"
"7 trades made $380k?"
"yeah, because they were the RIGHT 7 trades. everyone else took 200 trades that month and lost money because they were WRONG trades. quality over quantity"
"how do you know which 7 to take?"
"i don't trade unless i'd bet my house on it"
"what?"
"every trade, i ask myself: would i bet my house on this setup? if the answer is no, i don't trade. most setups? the answer is no. but 7 times this month, the answer was YES"
he kept talking:
"the biggest mistake retail traders make is thinking they need to trade every day. you don't. you need to trade WHEN YOUR SETUP APPEARS. some months that's 15 times. some months that's 3 times"
"what about consistency?"
"consistency isn't daily trading. consistency is ONLY taking your setup. if your setup appears once a week, you trade once a week. if it appears 5 times in a day, you trade 5 times that day. the market doesn't care about your need for action"
"but i feel like i'm wasting time if i'm not trading"
"that's employee mindset. you think time = money. it doesn't. correct decisions = money. i make more doing nothing 24 days a month than you make forcing trades every single day"
he was right
i was trading out of BOREDOM
not opportunity
i tested this for 90 days:
BEFORE "house bet" filter:
- 156 trades
- 41% win rate
- -$3,800
AFTER "house bet" filter:
- 11 trades
- 73% win rate
- +$14,200
11 trades in 90 days
because i stopped trading
and started WAITING
the plane guy was right:
"most traders are addicted to action. they need to DO something. that's why they lose. the real money is in doing NOTHING until the perfect setup appears. but doing nothing feels like you're not working, so people force trades"
"how do you handle the boredom?"
"i have a life outside trading. i go to the gym. i read. i travel. trading is 3 hours a day MAX. the other 21 hours i'm living. you guys are staring at charts 12 hours a day hoping something happens. that's not trading. that's gambling addiction"
he closed his laptop
"here's the secret: the less you trade, the more you make. i know guys trading 500 times a month making $0. i trade 15 times a month making $400k. the difference? i'm SELECTIVE. they're ACTIVE. market rewards selectivity, punishes activity"
flight landed
he gave me his card
"if you want to make real money trading, stop trying to trade every day. start waiting for YOUR setup only. 90% of trading is waiting. 10% is executing. master the waiting and you'll make more money doing nothing than everyone else makes doing everything"
i never saw him again
but i think about that conversation every single day
the math is simple:
you're not paid by the trade
you're paid by the CORRECT trade
taking 200 trades with 40% accuracy = -$5k
taking 20 trades with 70% accuracy = +$50k
same account
different approach
completely different outcome
most of you are over-trading
thinking activity = profit
it doesn't
selectivity = profit
the traders making $500k+/year
they trade LESS than you
not more
they're better at WAITING
not better at TRADING
master the wait
make the money
Do I get influencer privilege? No!
Let me explain why this is happening and what can be done about it.
1. There have been increased incidents of people passing accounts in one single full ported trade I believe
2. So @fundingpips implemented automated systems recently to identify the patterns where traders are trading with full margin, minimal Stop losses and averaging multiple positions
3. This is the reason why 1 step leverage was also reduced few months back so that people don't pass it in one trade
While I in no way did these, my risk was not 1% in the challenge, so I did get the generic email. I used 2% risk and yes, it's still allowed to do that.
Let me explain
What are the recommended measures which have to be tweaked going forward?
1. You can still use up to 3% per trade idea in the challenge phase, provided you take multiple trades to pass the account and don't pass it in one single trade
2. It's recommended to stick to 1% or a maximum of 1.5% per trade idea in a funded master account to avoid issues later on
3. Email states we need to apply a predefined stop-loss, while it's not clear if we should have an SL before hand entry, or if we can place it after. I'm assuming it's best to have it beforehand when entering itself
4. Avoid widening the stops post entry
5. If you stack multiple entries in one single trade idea, the exposure is overall increased. Try to avoid doing this as much as possible
6. This can be a problem for 1 minute traders who use large lot sizes because their SL is very small, and the exposure will be increased
I used to love @fundingpips no-restriction trading, like I even risked 3% sometimes and got away with that before
But I think not anymore, I think the industry is seeing a lot of cheaters and flippers, so measures are being implemented. I hope the practices are implemented in a clear set of FAQ rules rather than risk alerts and recommendations. I know @Khldfx bhai will do something for it.
I would also personally discuss this with @avikkfp to understand why this is happening and what one can do to avoid getting caught or being risk-limited by them.