6 months from now, you could be living a completely different life. All you have to do is stay disciplined and consistent. Don't let a few tough days hold you back. Stay consistent, stay focused and watch yourself level up. You’ll thank yourself for not giving up.
There was a time I used KojoForex’s mansion in Ghana as wallpaper for months.
I told myself one day I’ll build something like this to celebrate my 30 years birthday like he did.
I’m so glad I’m almost finishing this project. Until it’s done, no post.
Only God can make a man.
If you’ve never taken a prop account to payout stage, then this post is for you. ‼️
I’ve put together a list of the personal rules that have helped me keep my funded accounts and make consistent payouts for over a year in this post.
I’ve traded prop funded accounts for years and one thing I’ve learned is that staying funded has very little to do with finding the perfect setup because every trader gets good entries from time to time.
The difference however, is what happens when you’re wrong. That gap is what drains accounts so I created a list of my rules that you can easily copy to keep your accounts.
Here are the risk rules I follow before placing a trade. 👇
-: I decide how much I’m willing to lose before I enter a trade and that number doesn’t change once I’m in.
Some setups look so good that you’re tempted to size up halfway through. Don’t.
Good risk management only works when the rules are set before emotions get involved.
-: I don’t increase risk after a loss.
A losing trade doesn’t make the next setup more likely to work and the market doesn’t care that you’re trying to recover what you just lost.
Some of the biggest drawdowns I’ve seen started with someone trying to make back one loss in a single trade, forgetting that the market has no limits on what it can take from you.
-: My stop loss goes where the trade idea is wrong.
If price reaches that level, then the reason I entered the trade is no longer valid. I’ve learned that taking the loss is usually cheaper than trying to give a bad trade more room to work.
-: I only risk an amount that allows me to think clearly.
The easiest way to know you’re risking too much is when the trade starts affecting your behaviour. You’re checking charts every few minutes, watching every candle and looking for reasons to interfere with a plan that was perfectly fine before you entered, that discomfort is simply your body telling you that you’re doing too much. 1% is okay.
-: I don't judge trades by whether they win or lose.
Some of my best trades have been losses and some of my worst trades have been winners. A good trade is one where I followed my plan from entry to exit, regardless of the outcome.
Risk management isn't the most exciting part of trading.
It's also one of the biggest differences between traders who survive long enough to become profitable and traders who keep starting over.
Here’s the updated version of just that closing section:
The market will still be here next week. Make sure you are too, because it is easier to get another entry than it is to get another capital.
Remember to apply and not just bookmark.
Follow me, @Starr_gael, and turn on post notifications to stay updated and be the first to see whenever I make a post.
You’ll find trade documentaries, breakdowns, insights, results and my personal thoughts on my WhatsApp. Click the link below to connect.👇
https://t.co/HOc1mv5KrZ
“He won’t do it.”
“He doesn’t have $1,000 to give.”
“All traders are the same.”
😂😂
But truth be told, the reason I wanted to give the entire $1,000 to one person wasn’t because I couldn’t split it among many people.
God has blessed me enough.
I just wanted to know what it feels like to become the beginning of someone else’s breakthrough.
I still remember making my first $1,000.
I cried.
I had no idea at the time, but that moment was the start of everything changing for me.
So I wanted someone else to experience that feeling too.
Not half of it.
Not a fraction of it.
The whole thing.
And after sending it, I called him.
We spoke for a while.
Hearing the excitement in his voice…
Man, I can confidently say this:
Making money is beautiful.
But being used to change someone’s story?
That feeling is on a completely different level. ❤️🙏🏽
Thank you Lord for keeping things running smoothly, I Win always.