William Aldridge

🏴󠁧󠁢󠁥󠁮󠁧󠁿 | Founder of @lynktrading | 6 years in the financial markets

[William Aldridge @willssfx]

My biggest ever trading day got even better! Got the $300k login details and made another $20k on that account!

$50k for the day on the funded accounts🥂

[William Aldridge @willssfx]

One solid payout and you’ll never lose money again trading with prop firms.

One $20k payout gives you a 40+ challenge buffer.

[William Aldridge @willssfx]

You can tell a lot about a trader based on their trade history.

Lots of trades with random lot sizes and losses tell you immediately that they are overtrading.

[William Aldridge @willssfx]

You can gain a lot of valuable experience from time in the markets.

Experiencing drawdowns, winning streaks and sideways action can help you in the future if you have similar experiences.

[William Aldridge @willssfx]

@FxTriss Well that would still make them profitable.

[William Aldridge @willssfx]

You need to track every penny you spend on challenges, softwares and account fees.

You can only know your profit once you have deducted all of these costs first.

[William Aldridge @willssfx]

If you could create a perfect prop firm passing strategy, what would it have to include?

Could be: pass rate, win rate, $ per challenge taken etc.

[William Aldridge @willssfx]

If there is no trade, close the charts and go about your day.

Nothing good comes from staring at the charts when there is no valid setup.

[William Aldridge @willssfx]

Use a small part of your Sunday to review your previous trading week.

Take Saturday off and do something fun instead of immediately reviewing trades.

Sometimes a break between the decision and the review works wonders.

[William Aldridge @willssfx]

I think prop firms are learning how to stay afloat better now than ever before.

They have successfully learned from the mistakes of other firms in 2022/3.

[William Aldridge @willssfx]

I'd say that $400k in funding is a comfortable level for making a living.

The main issue is that the money is not yours, you can lose it at anytime or the firm could shut down.

[William Aldridge @willssfx]

The more you make, the less you’ll want to risk.

[William Aldridge @willssfx]

Hobbies that force you to be disciplined will help your trading.

[William Aldridge @willssfx]

Why are 90% of twitter replies written by AI??

[William Aldridge @willssfx]

You can't live off a $50k funded account.

It is a good starting point but it won't cover your living expenses.

[William Aldridge @willssfx]

@Greckothe1 It depends on your profitability and your available funds.

Not everyone has thousands to spend on a challenge.

I obviously believe that it is good to scale larger but only once you have made consistent profits on smaller accounts first.

[William Aldridge @willssfx]

I still think that $100k is the best size for a prop firm account.

[William Aldridge @willssfx]

Your first payout doesn't need to be massive, it just needs to get the ball rolling...

[William Aldridge @willssfx]

You can’t ‘manifest’ a payout, the markets don’t care about what you think or feel.

[William Aldridge @willssfx]

Small, consistent payouts are less of a red flag than random large payouts.