The best traders have a deep understanding of themselves
They’re in touch with their own emotions and know what their strengths and weaknesses are
Stop spending all day watching yt videos, or tv, or listening to podcasts
Take time each day to actually think about you, the problems you’re facing and how you’re going to solve them
This will do so much more for you than watching another motivational YouTube video about trading
I don’t care what other people say
Prop firms are 100% the best way to scale your trading if you’re low on capital
You pay $1k for a $200k challenge account
If you pass and just get a 1% payout you get refunded + $2k
That same 1% on a $1k live account is just $10
Just go with reputable firms and only buy challenges when you’re actually profitable and you’ll be able to take your trading to the next level
99% of traders online say it takes a few years to become a profitable trader
Yet every new trader thinks that they’ll be the exception and start making $10,000s in their first few months 😂
Every trader needs to have a Darwinex account set up
If you’re outside of the US, you don’t need to pay for DarwinexZero
You can just load $1,000 into a personal trading account and get investor capital completely for free
If you can get 1-3% a month consistently you can get millions in investor capital for no extra work on your part - just copy-trading the same trades you’re already taking on prop firms
Also great to have a 2-3 year track record of your trading for if you want to approach investors in the future, work at a proprietary trading firm, etc
There’s no reason not to do it
Profitable trading is super boring
Stop watching those streamers who scream when in a trade
Or those Instagram Gurus flexing lambos
Real profitable trading is just sitting at your desk, waiting for your setup and executing on trades
If your trading is exciting - you’re gambling
When you get good at trading, you don’t need to worry about what crypto, stocks or gold is doing
You can make money no matter if the market is going up, down or sideways
This is probably the main benefit of trading that I don’t see a lot of people talk about
If you’re a trader, you need to be growing your personal brand
The amount of connections and opportunities I’ve gotten from this account is insane
And a few months ago I had 0 social media presence
There’s no reason to be a full-time trader to be honest
The game is too risky
Diversify your income
•Sell your knowledge
•Set up another business
•Invest in other things like real estate
No good trader puts all their eggs in one basket - so why do you do it with your income?
Once you have your trading strategy - stop consuming trading content
I don’t watch any trading videos, podcasts or read any trading books
The only videos I’ll watch is from the people I actually learned trading from, and I’ll read tweets from traders purely for entertainment
But watching a ton of trading content when you already have your trading strategy is NOT good for you
All it does is distract you and give you shiny object syndrome - you’ll want to change strategies all the time cause you see other people “killing it” with their strategies
You’re much better off just blocking out the noise and focusing on yourself
If you’re not using Prop Firm Match to choose your next challenge, you’re flying blind
There are a lot of sketchy prop firms out there
But prop firm match collects the best props firms and lets you see their:
- Reviews
- Years in operation
- Rules
And more
Are you using prop firm match for your prop challenges?
If you want to be a successful trader
The guy making $10,000s each month trading
There’s one super important thing you need to do:
DETACH FROM THE RESULTS
Stop looking at the $ figure on each trade, stop chasing money
The ONLY thing you should be focused on is following your system and executing trades that align with your plan, nothing else
Do this and the money will follow anyway