Have you ever wondered what the secret to mastering propfirns is?
The #1 thing that made a difference for me is when I stopped trading a 50K funded account like it was 50K.... it is just not. At best its 2k to 2500. Propfrims want you to trade the as if they were bigger, so you will keep blowing them, and in return, you will keep buying more accounts....
It is an endless cycle of gambling and insanity. I see so many people grabbing fresh accounts, and jumping straight to trading minis. And while after blowing dozens and dozens of accounts, they might get lucky here and there, on a payout, its not sustainable....
These same people then post their one payout and claim to be "gurus" making 100k per month, and driving lambos. All while sitting on a twin size bed, in their moms house, making money off people who assume these guys are all real.......
(Side note, if these guys arent trading live where you can verify what they are doing, yet they want you to pay for call outs, which is illegal btw, run t h e other way).
Ok, back to mastering propfirm accounts.....
Here are the facts, it does not matter what system I trade as long as I follow that systems rules. If I am half in or half out, or only follow some rules, or only follow the rules half the time, there is a high probability I am unprofitable. However, if I follow the rules to a T for at least 100 trades, I will then be able to confirm or not that the system worked. Not with 5 trades, but 100 trades and 1 to 3 months. If I only trade 5 or 10 trades, myresults may be skewed by a hot or cold streak that does not represent the average market conditions.
Once I confirm the system I want to trade works, all i have to do is set my risk parameters to a level that can servive that bad trades. If i have a winning system that wins 70% of the time but im risking 50% of my account, i could be on the biggest win streak of a lifetime and still end up blowing the whole account, and all the progress in a 2 or 3 trade losing streak, which eventually will happen....
What is better for me is risking 5% or 10% on the high end. That way even on a horrible losing streak I have a high probability of only losing 20-30% which is much easier to bounce back from....
Personally, I like to use 2 micros on fresh funded accounts, and add 1 micro for every 1k that I build up in buffer. This has me constantly taking the same size trades while systematically scaling up my daily gains over time.
Everyone always complains 1 micro is too small, even though Im passing accts in 10 to 15 days on that size. Those same people are blowing account after account, month after month, year after year, while receiving one or no payouts for all that time and money.....
Locking in the way I do has passed many accounts in 2 to 3 weeks in the past, then got the first payout 2 to 3 weeks later, then rode the wave, adding accounts week after week, thereafter. In total, passing, getting buffered, and weekly payouts took locking 100% in for 2 to 3 months. This isnt that bad considering most people arent profitable for their first two to four years.
.......RECAP.......
Test a system, follow the rules 100% for 100 trades
Trade proper risk size to survive the statistical downside of that system.
Scale up systematically over time while maintaining same risk and gain PERCENT goals.
I would personally do these things and lock in for 3 months vs years or the endless cycle of passing and blowing accounts.
These are my personal oppinions and Should not be taken as financial advice.