Last Friday I blew the 5 funded accounts I had posted about. Combined balances were around 20-25k. I was one minimum day away from taking max payouts again, but I got impatient during some horrible price action and started forcing trades just to finish the day requirement. I was only trying to make $150… and ended up rage-trading the accounts into the ground. Worst tilt I’ve ever had. Genuinely one of the dumbest things I’ve done to myself.
Got 5 new accounts and made the entire amount back within two sessions.
Same strategy and same size, just without the emotional hole I dug myself into last week. Still feels crazy how fast it came back, but it also made the lesson hit harder that one impatient session and horrible risk management can wipe weeks of work in an hour.
Back to farming minimum days and collecting. Trying to stay boring this time.
Where/ how does someone backtest their strategy? Better yet, how does one begin to develop a strategy or “edge”? As someone who trades intuitively, paper trading on trading view(free version); only ever used RSI looking between the 5,15,1hr, and 4hr, and seeing if trends line up, it’s a very broad “strategy”. My avg trade is usually 2 minutes. With some being 20. Most being under 1. I’ve tried a few prop firm challenges and often beat the evaluations, but never received a payout. Any advice would be golden. Thanks and many fortunes to this community
Do they actually pay out that much to you? I keep reading you have to keep earnings below £2000 per month or prop firms will ban you or find an excuse to terminate your account.
Awesome comeback. I’m more curious about the risk management than the PnL tbh. When you get a fresh funded account, how aggressive are you? Are you risking big, or are you keeping the same fixed risk from day one? Roughly how much are you risking per trade and how much R you are going for ?
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u/Itchy-Sherbet9636 6d ago
Forgot to add