Making money trading is one thing
Keeping it is a whole other ballgame
There’s more guys than you think who have turned $1,000s to $5-10M+ just to later lose it all
Take profits and put them in safer investments
Trust me on this, you don’t want to be 40 with nothing to show for all of your hard work
All you need is one skill to never go broke again
For me, that’s trading
I could lose everything tomorrow
And all I would need to do is get a job and trade on the side
Start off with some prop firms and manage risk carefully
Within a year I’d make $100-200k+ minimum and would be ready to scale it the next year
Don’t give up on trading bros
Once you figure it out you’re pretty much set for life
@IndieJ By risk aggressively I mean 2-3% per trade at the start when you only have $2-10k in capital
Then lower it over time until it's 1% (sweet spot imo)
Personal trading account is at $2.2M
Started the year with $600k in it
Grew it with a mix of deposits and have done $1M in trading profits so far this year
Stop playing the prop firm game - it’s designed for you to lose
Put your payouts into a live account (even if it’s $1-2k), risk more aggressively at the start and keep putting payouts into it
The freedom of trading with personal capital compared to prop firms is night and day difference
All a trading strategy does is show you where to enter
Trading psychology does the rest of it
Most of you already know what you SHOULD be doing to be profitable
The real problem is in your execution
- Hesitating when the setup is there
- Entering too early
- Revenge trading after a loss
- Moving stops
- Closing winners too soon
- Holding losers too long
- Breaking rules when emotions take over
You could be trading a strategy made by the smartest guy of all time - he could be doing 50% every week for years with it
But if your psychology is bad then you’ll still lose with it
Focus on this - look up “Mark Douglas - how to think like a professional trader” on YouTube
Watch it all and take notes on it
Until you do this you’ll genuinely never become profitable, trust me - I’ve been there