Why Prop-Firm Traders Go BROKE (In 2024)

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  • เผยแพร่เมื่อ 7 มิ.ย. 2024
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ความคิดเห็น • 160

  • @demdeadtv7633
    @demdeadtv7633 6 หลายเดือนก่อน +75

    This is who we called a trader and a mentor not what others are doing on the media. Thank you for such 💯 information.🧠

    • @Godmademewhoiam
      @Godmademewhoiam 6 หลายเดือนก่อน +2

      Yeh I just like how OPEN he’s about everything 🔥💯

  • @vix75live96
    @vix75live96 6 หลายเดือนก่อน +10

    Damn... The way he explained... Seriously this guy have gone through alot to be trader..

  • @MWOFX
    @MWOFX 6 หลายเดือนก่อน +15

    This channel is incredibly underrated - gems upon gems

  • @jamesmwiza1598
    @jamesmwiza1598 6 หลายเดือนก่อน +19

    Honestly this is so informative. I have a whole plan to begin my prop firm journey in 2024 which I was just sharing with a friend a few days back and truthfully speaking I was going to go down the traditional way of scaling from the smallest prop firm account to the biggest. But now I would like to consider going with the idea you have shared of diversifying my portfolio of accounts, whereby I buy multiple accounts and start them at different times like you have explained. Thank you so much WWA

    • @patrickrutaro9109
      @patrickrutaro9109 4 หลายเดือนก่อน

      This is what I did recently after failing numerous times painfully at the second stages. It keeps you off so much pressure to pass one single evaluation account and in so doing messing up your psychology. Great piece of information in this video

  • @yeow0008
    @yeow0008 6 หลายเดือนก่อน +5

    This is unadulterated hardcore valuable PRICELESS nuggets of wisdom given in the most straight up way....just love it. Came here after hearing you dropping bombs on that panel with Riz and Raja etc

  • @guillenlandburg
    @guillenlandburg 6 หลายเดือนก่อน

    Thank you so much for sharing ! I really appreciate the honesty and transparency ! ❤

  • @alirazakhakwani4472
    @alirazakhakwani4472 6 หลายเดือนก่อน +9

    Learning: There are multiple factors you need to consider before you execute your trade. Having a Mechanical Strategy is the key to success with confidence. Thanks Waqar!

  • @danukarupasinghe8319
    @danukarupasinghe8319 6 หลายเดือนก่อน +1

    Great video brother ! Can change the whole mindset of a new trader . Appreciate that. 💯

  • @mehedihasan6366
    @mehedihasan6366 6 หลายเดือนก่อน

    Logical video with conscious clarity.Keep up the amazing work 👍 appreciate it Brother ✌️

  • @HBill
    @HBill 6 หลายเดือนก่อน

    Thank you. More grace and more money

  • @TradeWithGaurav16
    @TradeWithGaurav16 6 หลายเดือนก่อน +5

    You just described why I am not profitable and now I just need to fix this..Thank You ❤️

  • @amazingm4182
    @amazingm4182 6 หลายเดือนก่อน +1

    you were my first video of the day. dAMN GOOD MORNING.!!!! PREACH!💪

  • @snowfx2151
    @snowfx2151 6 หลายเดือนก่อน

    Thank you, this is really powerful

  • @shashwatbharti721
    @shashwatbharti721 6 หลายเดือนก่อน +2

    he sounds always calm and compose would be nice to meet him in person keep up the good work

  • @slide6314
    @slide6314 6 หลายเดือนก่อน +2

    bro probs best video on prop firms on yt, thank u so much

  • @psychotradersug
    @psychotradersug หลายเดือนก่อน

    this has been some good content bro. thanks alot

  • @vladizvladi
    @vladizvladi 6 หลายเดือนก่อน

    Incredible content bro. So happy I found your channel. Keep it up!

  • @user-zh6gv2mh9l
    @user-zh6gv2mh9l 6 หลายเดือนก่อน

    So much Value. The only trading channel with real insight

  • @mrarko1716
    @mrarko1716 15 วันที่ผ่านมา

    Thanks for this video and information ❤

  • @hussfx
    @hussfx 6 หลายเดือนก่อน

    You’ve gained a subscriber! Thank you!

  • @IamBTC
    @IamBTC 6 หลายเดือนก่อน

    Thank you man❤

  • @andi1
    @andi1 6 หลายเดือนก่อน

    That’s very very well made video💯

  • @davidreuter9320
    @davidreuter9320 6 หลายเดือนก่อน +3

    Man, what an insightful video. You can see your passion for trading, and your disgust at the ones who treat trading as a pool to sucker newcomers out of their money! 👍
    I’ve only been trading 9 months, I paid for a 2 year mentorship for technicals and a 12 month for psychology, the valley of despair is something covered very well in the psychology, you keep repeating the first part of the cycle if you cannot see the focus and deliberate practice you need to put into just 1 strategy until you master it! I’m still not consistent of profitable, and I see the guys like yourself and the professional traders I learn from all say, it takes 2-3 years to really achieve that level, and I don’t have the arrogance to think I should be able to achieve what it takes others years to get to in just 9 months!

  • @redvany
    @redvany หลายเดือนก่อน

    There are a lot of lessons and wisdom in this video. I only wish I had watched it sooner. I'm still happy I found it now.

  • @adrianbadorrey
    @adrianbadorrey 6 หลายเดือนก่อน +1

    what a great video waqar!! i found really helpfull all the information you shared in here. The way you, alex and wally elevated my trading and not just that but also my growth as a person and trader is what makes me know im in the correct place with the rigth people, WWA fam forever💯🖤

  • @andrewhalttunen9406
    @andrewhalttunen9406 6 หลายเดือนก่อน +1

    Straight info no BS, keep it up.

  • @mattteosr
    @mattteosr 6 หลายเดือนก่อน +1

    Waqar this is inside information people must watch... Thank you very much . Very usefull for people who dont come or have those kind of information enviroment

  • @clementtommy9278
    @clementtommy9278 6 หลายเดือนก่อน +2

    Wow.... You've nailed every vital information to the wall!!!
    Thanks for this wonderful video 😊

  • @pasekaalbert3778
    @pasekaalbert3778 3 หลายเดือนก่อน

    Brilliant insights

  • @socrateswm
    @socrateswm 6 หลายเดือนก่อน

    Solid info!

  • @maestros9
    @maestros9 6 หลายเดือนก่อน +1

    absolute banger, thanks for sharing the valuable information.

  • @filips2504
    @filips2504 5 หลายเดือนก่อน +1

    even if hadn't seen your track records, i would say you're a professional in this craft just by listening your attitude to this business, seems that you do it not because of money, looks more like a passion)), there's only two values in this life - time and experience, and thank you so much for spending your time to share your experience with us.

  • @KingKyzdg
    @KingKyzdg 6 หลายเดือนก่อน +4

    Most important is to gain market IQ. One can go around looking for more education, but if you actually backtest and forward test, you will gain the knowledge required to perfect your strategy

  • @phathutshedzomudau2707
    @phathutshedzomudau2707 4 หลายเดือนก่อน

    I wasn't expecting this kinda strong information and knowledge

  • @attainfx
    @attainfx 6 หลายเดือนก่อน +3

    Again, here you are opening my eye and my mind. There is no words to thanks to you. This is 100% pure information.
    I have passed that level of looking for the perfect videos' on TH-cam about trading, now I am no longer reading or watching new trades system. Is true that there is no better entry or bad strategy there is only winners and losers.
    No more TH-cam distraction on TH-cam. I am sticking with my way of approaching the market and attain posit pips to my account.

  • @user-bh3kt5ci9m
    @user-bh3kt5ci9m 6 หลายเดือนก่อน

    keep it going brother

  • @Lachyp1992
    @Lachyp1992 4 หลายเดือนก่อน

    Fantastic video. Everything in this is so spot on and definitely a lot of info here that most new traders simply don't even consider.

  • @fxbiz8211
    @fxbiz8211 4 หลายเดือนก่อน

    Ah...GOD bless you Sir🙏🏿

  • @gilaniiiiiii
    @gilaniiiiiii 6 หลายเดือนก่อน +2

    Thanks , brother. Good advices ma shaa Allah.

  • @Christianchinemelum
    @Christianchinemelum 6 หลายเดือนก่อน

    Thank you so much for sharing this information

  • @mervynmontague1811
    @mervynmontague1811 4 หลายเดือนก่อน

    Interesting and informative 🇯🇲

  • @shamikd14
    @shamikd14 6 หลายเดือนก่อน

    Thanks Waqar for genuine advise.

  • @patrickrutaro9109
    @patrickrutaro9109 4 หลายเดือนก่อน

    The best video I've seen on TH-cam regarding prop trading and the trading environment 🎉

  • @matin1293
    @matin1293 6 หลายเดือนก่อน

    That was awesome & informative❤

  • @ndiayeahmadoubamba6506
    @ndiayeahmadoubamba6506 6 หลายเดือนก่อน +4

    The last point : Yolo trade is why I'm not profitable for the last 2 years combined with overleveraging to catch up all the time lost. Not necessary to say that I'm a strong reversal trader.
    Definitely makes a lot of sense to me.
    We traders are eager of this kind of psychological content not this ir that magic strategy. As you said we had known enough. It's all about the mindset.
    Thanks for this incredible video. You've gained another subscriber

  • @Na-ru9ve
    @Na-ru9ve 6 หลายเดือนก่อน +1

    Pure facts! practice, practice, practice! The part most people want to skip🤔

  • @emmanuelmsundwe9656
    @emmanuelmsundwe9656 2 หลายเดือนก่อน

    Your content is always always insightful. Thanks Waqar

  • @privacy312
    @privacy312 6 หลายเดือนก่อน +1

    i love you waqar !! very smart person

  • @adnansaeed3618
    @adnansaeed3618 6 หลายเดือนก่อน

    Thanks to sharjeel sir who shared this valuable and awesome video

  • @vd_1990
    @vd_1990 6 หลายเดือนก่อน

    Top knowledge! Thanks for this.

  • @UnmaskedFinance
    @UnmaskedFinance 6 หลายเดือนก่อน

    Very profound. Listening to you for the first time during the round time on Riz podcast, I knew a lot of value is in you. Thanks for this sir

  • @rohanchandgude7968
    @rohanchandgude7968 3 หลายเดือนก่อน

    Awesome very usefully content ❤

  • @xxxtentacionforever1374
    @xxxtentacionforever1374 6 หลายเดือนก่อน

    Great video❤

  • @ashishgodse9113
    @ashishgodse9113 6 หลายเดือนก่อน

    VERY GOOD WAQAR, KEEP IT UP BRO!

  • @alexl7444
    @alexl7444 6 หลายเดือนก่อน +2

    A 2 hour info condensed into 20 min

  • @ScruffyWarlord
    @ScruffyWarlord 4 หลายเดือนก่อน

    This video was an absolute gem!

  • @IndicesHunterWilliam
    @IndicesHunterWilliam 4 หลายเดือนก่อน

    Honest! Fruity!Sincerely!

  • @Aimazing_Facts
    @Aimazing_Facts 5 หลายเดือนก่อน

    One of the best videos I’ve watched forex wise appreciate the effort 🙏

  • @ctwraps6308
    @ctwraps6308 4 หลายเดือนก่อน

    Maximize on those keywords. Great video homie

  • @Beeyoofx
    @Beeyoofx 6 หลายเดือนก่อน

    This is amazing ❤️

  • @kwesigaspencer652
    @kwesigaspencer652 6 หลายเดือนก่อน

    This is the kind of Knowledge i have been looking for before entering challenges
    Gratitude Bro💯👌

  • @ericc2414
    @ericc2414 6 หลายเดือนก่อน

    I really appreciate you sharing

  • @cuindro
    @cuindro 4 หลายเดือนก่อน

    12:25 was an awesome piece of advice. Market experience is king.

  • @profx4296
    @profx4296 6 หลายเดือนก่อน

    Perfect presentation

  • @Lemo46805
    @Lemo46805 6 หลายเดือนก่อน +2

    Hello Waqar, I have a question about managing multiple accounts. Rather than progressing to larger challenges, should I consider buying smaller accounts and trading them on different days when the market conditions are favorable for me? For instance, instead of purchasing a single 10k account and then a 50k challenge after succeeding, should I opt for two 10k accounts and trade on one on Monday if the market presents opportunities, and then do the same with the second account on, say, Friday?

  • @mazinibrahim128
    @mazinibrahim128 5 หลายเดือนก่อน

    Thank you man

  • @WEBMARKTRADING
    @WEBMARKTRADING 6 หลายเดือนก่อน

    nahh bro this video too good. Earned a follower

  • @laonelegwaila8435
    @laonelegwaila8435 6 หลายเดือนก่อน +1

    Just clicked on this video.
    Excited to hear what you have to say

  • @tdsfx729
    @tdsfx729 6 หลายเดือนก่อน

    I learned that first of all you need a lot of work, and someone to show you the right path before you can think about buying a property account.

  • @zmcapitals4511
    @zmcapitals4511 6 หลายเดือนก่อน

    Amazing video 🔥🔥

    • @WaqarAsim.
      @WaqarAsim.  6 หลายเดือนก่อน

      The man, the my, the legend 💙🙏🏽

  • @Gwdufsm
    @Gwdufsm 6 หลายเดือนก่อน

    I respect this guy a lot not for his style of trade cos I dnt trade smc but it's his process, and mind set I learnt a lot from him. THANK YOU AND MAY GOD BLESS YOU IN EVERYTHING YOU DO. YOU AND A FEW OTHER HAVE CHANGED MY LIFE BY JUST WATCHING YOUR VIDEOS. CHANGD MY MIND SET. sorry for caps had to make it bold for the world to know how GREAT YOU ARE

  • @zachwillason
    @zachwillason 6 หลายเดือนก่อน

    One of the best trading videos I’ve ever seen. Thank you bro

  • @weiSane
    @weiSane 6 หลายเดือนก่อน +1

    At 3:07 your deduction about why most people get the 5k accounts is flawed. It’s not because they are not confident in their strategy. Majority of the people get the 5k accounts because that’s what they can afford since most are usually from developing countries and having to shell out more than 100 USD for a bigger challenge account is such a strain or it’s tough.

  • @oparugougonna
    @oparugougonna 6 หลายเดือนก่อน +2

    Learnt you need
    To have a plan , and be consistent and trade without pressure cause when the pressure is off you you follow your plan

  • @mdzubairansari188
    @mdzubairansari188 6 หลายเดือนก่อน

    Real value

  • @ppcc2628
    @ppcc2628 6 หลายเดือนก่อน

    Actually really good video! "2019 first prop firm on the market" Prop firms been around since late 90's and this current model has been around since 2010 when Toptep started.

  • @adepaslo
    @adepaslo 6 หลายเดือนก่อน +1

    You change mi mind with the second point, it’s seem as if you read my mind, I will take the second advice for sure

  • @mpk4623
    @mpk4623 5 หลายเดือนก่อน

    Respect brother for your honesty hearing you speak about the market helped me a lot i am new to this trading your videos is been useful 👊🏾💯

  • @theadebayostarman8004
    @theadebayostarman8004 6 หลายเดือนก่อน

    I just subscribed. This guy is good

  • @mmssniper
    @mmssniper 6 หลายเดือนก่อน

    ❤❤❤
    You are just a nabigha

  • @AC_Trades
    @AC_Trades 6 หลายเดือนก่อน

    Awesome video

  • @marvinuio5265
    @marvinuio5265 2 หลายเดือนก่อน

    There are even $1 funding accounts available as a form of Bootcamps.

  • @dalitsoandrekamwendo9567
    @dalitsoandrekamwendo9567 6 หลายเดือนก่อน

    23 mins of highly valuable information👏🏽

  • @user-em4vq5cy4x
    @user-em4vq5cy4x 6 หลายเดือนก่อน

    i love your videos G

  • @user-hu1ug6mg7w
    @user-hu1ug6mg7w 5 หลายเดือนก่อน

    thank you

  • @boipelomolefe7334
    @boipelomolefe7334 6 หลายเดือนก่อน +1

    Brilliant content brother, nobody wants to hear this, but it’s the truth👌🏽

  • @Janamuukeshshanmugam
    @Janamuukeshshanmugam 2 หลายเดือนก่อน

    Bro is literally changing everything in my mind , and everything he is saying is true

  • @benjaminjefferson6213
    @benjaminjefferson6213 6 หลายเดือนก่อน

    AMAZING

  • @user-em4vq5cy4x
    @user-em4vq5cy4x 6 หลายเดือนก่อน

    this is art

  • @awoniyigbolahan1742
    @awoniyigbolahan1742 5 หลายเดือนก่อน

    I could have stopped watching at 2min in.
    You speak very nicely. And you're academically brilliant.

  • @DreaTrades
    @DreaTrades 6 หลายเดือนก่อน

    Thanks Umar Ashraf

  • @ChigozieVincent-mm6eu
    @ChigozieVincent-mm6eu 6 หลายเดือนก่อน

    Nice one

  • @leadermarcus3085
    @leadermarcus3085 6 หลายเดือนก่อน

    God bless you sir

  • @silverqosolbadane454
    @silverqosolbadane454 6 หลายเดือนก่อน

    Thanks alot❤

  • @emmanueladesoye
    @emmanueladesoye 6 หลายเดือนก่อน

    God bless you

  • @Bigmeatlover
    @Bigmeatlover 6 หลายเดือนก่อน +4

    I’m upset :/. I’m one of those that’s been trying for a long time have bought multiple challenges. I decided to save up for a 200k and it was going much better than my last ones, good win %, 1:10 average rr and I passed the first phase, and then on the second phase I got fucked by nfp first day and had to recover and I did, and at one point my equity was 210k but I was driving so I stopped and then ended up getting taken out at 208500, and I kept trying to get in to try to get the pass, and started losing, and it feels like my psychology has not recovered since. it’s hard to push that impatientness out of my head. Been going at it for years and to be so close I just wanted to have it and I screwed my self and now I’m not in a good spot. I’m lucky that I live with my parents so I’ll be fine but man it’s hard thinking about how I had it within Grasp, I was so close to finally showing my parents some progress. and trying to get it quickly now I’m only delaying it.. I know I’ll get there 1 day.

    • @fuzzy1558
      @fuzzy1558 6 หลายเดือนก่อน +1

      I just did this with my 100k, and I'm in a new one rn. Take it as slow as possible, I recognized that taking even a few months and FINALLY passing is better than rushing to try to get an instant gratification. Ive been risking only 0.5% a trade and only trading once a day if even. Just take it slow and you'll pass it, the challenge is harder than actually trading so just take ur time to pass it

    • @Bigmeatlover
      @Bigmeatlover 6 หลายเดือนก่อน

      @@fuzzy1558 foreal, that’s literally all I’m thinking, just take it slow, and DONT over trade, as long as I don’t over trade, I should get there slowly but surely. it’s just so frustrating cuz other times it felt like I just didn’t have enough skill when I’d fail. But this one was purely me fumbling and fucking it up. that’s what hits my mental the most. But I think I’m confident that given how much this frustrated me, I should not make the same mistake again. going into this next one just have to do what I was doing in my first phase. But man it was also so satisfying how I passed the profit target on the first phase before I hit the trading days. But oh well. All I want is the pass. I know when I do pass it, going for a 10-12k month is not very un realistic given the account size. good luck in your challenge brother, I hope you pass this one. I’m hoping to start mine towards the end of the month. I have no doubt that I will pass as long as I stay discipline and patient, I have the skills to pass and make some money. Just need to keep those emotions in check. Update me in a few weeks on how your challenge is going bro, and I will do the same.

  • @nofomo6629
    @nofomo6629 4 หลายเดือนก่อน

    The Value in this video is remarkable! I have done just what you mentioned with GU the last 3 years developing my strategy. Keep sharing the sauce big dawg! Much Appreciated!

  • @rulerent2656
    @rulerent2656 5 หลายเดือนก่อน

    I love that Alex Hormozi life philosophy process hahaha

  • @emmanueladesoye
    @emmanueladesoye 6 หลายเดือนก่อน

    This is priceless man!!

  • @Financialsensei01
    @Financialsensei01 6 หลายเดือนก่อน

    All thanks to Mr WARQAR ASIM ❤🎉