Took up this new 2 step evaluation with @AscendxCapital $10,000 and just added the $100,000.
I already passed phase 1 on the 10k and will continue to share my journey here and probably share my approach in the process๐
My withdrawals from a 10k and 2.5k account. As a prop trader, do you think these targets are too small for the account sizes, respectively? A random follower with a reasonable answer gets a $500 challenge for free.
Traders are encouraged to establish a trading plan, set clear entry and exit points, use stop-loss orders, and take breaks to maintain a healthy balance between trading and personal well-being.
Kindly like, retweet, and follow for more.
Market Noise Overload: Excessive screen time can result in information overload, making it difficult to distinguish between significant market signals and noise.
Lack of Perspective: Watching the screen continuously may lead to tunnel vision, where traders focus too narrowly on short-term movements and lose sight of the bigger picture.
Increased Transaction Costs: Frequent trading due to constant monitoring can result in higher transaction costs, including spreads, commissions, and slippage.
Missed Opportunities Outside Trading: Constantly being glued to the screen takes time away from other important aspects of life, such as family, hobbies, or personal development.
Overtrading: Constantly monitoring the screen may tempt traders to overtrade, taking too many positions based on short-term fluctuations rather than sound analysis.
Emotional Decision-making: Constantly watching the screen can lead to impulsive and emotional trading decisions, driven by fear or greed rather than a solid strategy.