Buy that $10k prop accountโฆ
Aim for 10% a month and use 2 months to get funded.
3rd month withdraw same 10% of $1,000 and reinvest 50% back into getting a bigger account.
Repeat process and thatโs how you scale.
Step 1 : get a mentor
Step 2 : lock in with your mentor knowledge till you derive your own experience from it ..do it with few pair
Step 3 : get a prop account (if you donโt have money bill your mentor for the prop ๐Iโm joking)
Step 4 : split your big goals in small steps
Step 5 : donโt trade small prop account size for long your first job with your payout is to use high % of it to get big prop account size 100k /200k
Step 6 : always have a prop account you can use it payout to fund your personal account and learn to scale up that account not flipping but compounding
Step 7 : donโt always aim for big payouts at a go but always get a payout
Step 8 : invest your payouts in real achievements
Step 9 : you are a professional and profitable trader
Ps : it beautiful if your prop account has diff purpose for it
..a prop account for saving for you car or house or business..allocate your prop accounts too different goals ..
Execution in Trading is first a MINDSET thing before technical analysis thing
Read to the end ..
Let me explain ..
Impatience in trading has destroyed more trader than any other negative factor in trading as ever done
But guess what? Impatience in trading is mostly found among broke and indiscipline traders
There is calm and relax mindset that being profitable gives to you ,it is not complacent feeling but a calm state of mind to be able to wait cus you have funds so you are more of protecting what you have whole waiting for the opportunity to add more
So the mindset of being broke is enough to make you indiscipline and how you manifest that indiscipline is by being impatience both technically or risk wise ,but for broke traders it is impatience technically that is often seen in them ..
Being broke is a reality thing but acting as one that is broke is a mindset thing ..
You can be broke and your mindset is extremely rich and you can approach trading as one that is not broke
You are not quick to rush your plan or act impulses when it comes to analyzing the chart because you know patience is one of the biggest attributes for the wealthy..
Trading executions is a mindset game before a technical game
One thing about your mind is that in your mind you can choose to be anything you want without paying a dime ๐
Like me now I be trillionaire for my mind ๐๐donโt mind me but hope you understand my point now ..
Profitability is in 4 stages
1. Study
2.experience
3.convictions
4.discipline
So many traders are in stage one , they are have study but they donโt want to make a decision with sticking with just one thing
Until you stick with one thing you canโt have an experience..the market is where your experience is but you must decide to stick with one knowledge that the market will use to give you the experience that you need
When you have that experience that when your conviction that your need for execution will come from
At the end what we actually trade is not just a strategy but our convictions
Then you can proceed to place discipline and consistency on that conviction that when profitability is found
The best of us is not he that has the best knowledge or bulk of knowledge but he that has decided to stick on something , gain mastery on it and be disciplined towards it
Every strategy works just find the one you want to use and gain mastery in the market with
There is a lesson the market will teach you but you have to decide and stick to the strategy that you will use to approach what the market will teach you