I'm taking my time with this 50k challenge and incremental growth is so much better i risk so little it would take over 80 trades to fail the challenge, but around 15 wins would be more than enough to pass both phases, Thanks for this vid. I like it.🤝
Man I feel you .... Recently ACG screwed me over ... I hit TP in the 4 min news window ... I had held the trade for 7-8 hours but still breached me ... Funny thing is they only told me this 3 weeks later on my payout day when I requested a payout. Just imagine they wasted 3 weeks of my time... So I'm taking your advice on FTMO and sticking to just that
Great video WIlliam, loved it, I started trading last year and have been loving your videos, professionaly i am a filmaker and video editor and I would like to give you a pro tip, everything is top notch especially the complemeting lights behind you, It woul dlook better if you could increase the intensity of your key light so that you ( the subject ) is properly lit
Not taking profits is massive! I’ve been taken out a break even before a few times and when I went back and calculated the profits I would have had the challenge would have been passed already and then I was sat in drawdown.. always pay yourself
Personally wouldn't work for me as my losses tend to be price going straight to my SL, so scaling in would mostly make my losses bigger. This could be changed to scaling into winning positions and moving the stop loss closer to entry position and its basically the same thing. Ultimately scaling into positions works when you do your own due diligence regarding your own personal trading results and analysing what would actually have a positive impact on your results. Personally I don't scale into positions and I recently moved away from that and had much more success with consistency, but if someone hasn't explored this then it could bode well for you. I think when you make these videos you need to state bluntly that just because it works for you, doesn't mean it will work for anyone else, trading is arguably 100% subjective so when you state that something "will" be better, it might not.
If u truky trust ur trading stratedgy, this tip is a gamechangers.. sadly im new and i get nervous in a draw down, this is a new mentality, good stuff!
Topstep is one of the oldest firms. They been around since like 1990 or something like that. Very reputable. What I didn't like about topstep personally is that they restrict your contract size (how much you can risk) and their drawdown is very low compared to your profit target. For example, with forex, for a 100k Challenge, they tell you to make 8% (8,000) but your drawdown will be 10% ($10,000) With topstep, you will have to hit a 6% ($6,000) target, which sounds good, but you can only loose 3% ($3,000). So it's really unwise to risk more that 10% of your drawdown size. So risking $300 per trade, (which is 10% of your drawdown size.) It's comparable to them wanting you to make 20% to pass a challenge. Then on top of that, it's a trailing drawdown.
I'm surprised you've only received 18k from FTMO, do you purely trade personal capital these days?, because just overlooking you styles of trading i could imagine it being much higher
this scaling thing is absolutely bs cause if ur sure with ur entry then why didnt u enter there and plus theres a still a chance of u getting tapped Enter with ur strat and risk the amount ur meant to. ur gonna blow ur acc by doing what he did cause he got lucky Good luck man
Scaling in can work, it just doesn't for you, no one trades exactly the same way and has the same results and takes the same trades, what might work for you may not work for someone else, you have to do your own research into your own results and experiment to find what works best for YOU. It's very ignorant to say something in trading "cant" or "wont" work. Somewhere in the world, there's someone consistently trading profitable using the exact thing you say will never work.
Why did they do so? Have you broken any rule? And did you try to contact them? Please answer. I have just started a challenge with them. Now I'm worried reading your comment.
Same lot size but different R:Rs First entry 1:3 Second entry 0.3:3.7 - since his SL is 10pips and he was 7pips in drawdown. It's actually a 3pip risk for 37pip reward on the same lot size.
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this tip is insane haha, i usually scale in when im in profit off of an imbalance or so, never thought about scaling in during drawdown, genius
I'm taking my time with this 50k challenge and incremental growth is so much better i risk so little it would take over 80 trades to fail the challenge, but around 15 wins would be more than enough to pass both phases, Thanks for this vid. I like it.🤝
What firm if you don’t mind me asking
@@scottley7414 Rocket 21 🚀
@@scottley7414 use E8
Man I feel you .... Recently ACG screwed me over ... I hit TP in the 4 min news window ... I had held the trade for 7-8 hours but still breached me ... Funny thing is they only told me this 3 weeks later on my payout day when I requested a payout. Just imagine they wasted 3 weeks of my time... So I'm taking your advice on FTMO and sticking to just that
Something similar happened to me with TFT, ftmo is 100% the safest bet. But it’s good to diversify
@@Aylingfx 5%ers and ftmo are my focus, two oldest firms
How did they screw you over? You literally breached the rules. The lack of accountability is insane.
@@garylim3279can you read or not?
He wanted to get payed breaching rules🥶🥶
Great video WIlliam, loved it, I started trading last year and have been loving your videos, professionaly i am a filmaker and video editor and I would like to give you a pro tip, everything is top notch especially the complemeting lights behind you, It woul dlook better if you could increase the intensity of your key light so that you ( the subject ) is properly lit
Not taking profits is massive! I’ve been taken out a break even before a few times and when I went back and calculated the profits I would have had the challenge would have been passed already and then I was sat in drawdown.. always pay yourself
Bro that’s genius. Thank you very much for the tip ✊🏻❤️
Personally wouldn't work for me as my losses tend to be price going straight to my SL, so scaling in would mostly make my losses bigger.
This could be changed to scaling into winning positions and moving the stop loss closer to entry position and its basically the same thing.
Ultimately scaling into positions works when you do your own due diligence regarding your own personal trading results and analysing what would actually have a positive impact on your results.
Personally I don't scale into positions and I recently moved away from that and had much more success with consistency, but if someone hasn't explored this then it could bode well for you.
I think when you make these videos you need to state bluntly that just because it works for you, doesn't mean it will work for anyone else, trading is arguably 100% subjective so when you state that something "will" be better, it might not.
Facts
Hi can you please make full video series on how to start to finish prop firm challenge, that will help thousands of beginners. Thanks
If u truky trust ur trading stratedgy, this tip is a gamechangers.. sadly im new and i get nervous in a draw down, this is a new mentality, good stuff!
i love the consistency bro
Wise words, thanks for sharing your experience Will.
Is 5ers a good prop firm???
2nd best
What about topstep?
Topstep is one of the oldest firms. They been around since like 1990 or something like that. Very reputable. What I didn't like about topstep personally is that they restrict your contract size (how much you can risk) and their drawdown is very low compared to your profit target.
For example, with forex, for a 100k Challenge, they tell you to make 8% (8,000) but your drawdown will be 10% ($10,000)
With topstep, you will have to hit a 6% ($6,000) target, which sounds good, but you can only loose 3% ($3,000). So it's really unwise to risk more that 10% of your drawdown size.
So risking $300 per trade, (which is 10% of your drawdown size.) It's comparable to them wanting you to make 20% to pass a challenge.
Then on top of that, it's a trailing drawdown.
with ftmo do you have to choose the swing trade options to not be f over by the news rule say if tp was hit during news ?
Wills can you do a video about the breakeven phase ofa trader if u went through one
You guys are lucky over there still being able to trade with FTMO
you are lucky too lmao
If you aren't from the USA you can still trade at Audacity Capital.
Try them, they are great company.
How is his analysis channel is it good?
With the gambling rules for ftmo are individuals still able too use 3% in a single trade
how much chalenges has you failed ? to how much pass
Is ftmo working on metatrader for U.S traders?
Go ask their support team
Bro there is any prop firm with no KYC needed please 😢
good luck buddy
Thanks sir
I'm surprised you've only received 18k from FTMO, do you purely trade personal capital these days?, because just overlooking you styles of trading i could imagine it being much higher
What about Funding Pips?
this scaling thing is absolutely bs cause if ur sure with ur entry then why didnt u enter there and plus theres a still a chance of u getting tapped
Enter with ur strat and risk the amount ur meant to.
ur gonna blow ur acc by doing what he did cause he got lucky
Good luck man
I have done this scale in plan for 3 years now by the way and had multiple 6 figures in prop firm payouts using this exact strategy.
Scaling in can work, it just doesn't for you, no one trades exactly the same way and has the same results and takes the same trades, what might work for you may not work for someone else, you have to do your own research into your own results and experiment to find what works best for YOU. It's very ignorant to say something in trading "cant" or "wont" work. Somewhere in the world, there's someone consistently trading profitable using the exact thing you say will never work.
prop firms no longer allow traders to scale in. I think it falls under one sided betting. if not, let me know. I've been too scared to try
I risk 0.5 percent per trade it it still takes me less than a week to pass…
consistency rules is worst
I'm literally done with the challenges. 5ers screwed me over last year by terminating my account when I was 2% away from the profit target.
Always like that. Invest in your Trading account, success is more likely.
Why did they do so? Have you broken any rule? And did you try to contact them?
Please answer. I have just started a challenge with them. Now I'm worried reading your comment.
What's your age bro
Need help with your prop firm challenge? Reply here, and I’ll offer personalized support to help you succeed!
I risk 1 percent took me 72 trades to make 10% cus dese markets script
could you please put on this prop firm leelootrading
prop calling you gambler and his weekly ideas for new rules are a pain in the ass lately.
1:3 and 1.3:6.7? math is not mathing here
If he gets a entree furter away from his tp he makes more profit right xd
Math is not in your brain
@@bestmotomomentshe scales in when price is in abit of a drawdown if the trade is still valid 🧠
@@thefull-story thanks for this useless comment
Same lot size but different R:Rs
First entry 1:3
Second entry 0.3:3.7 - since his SL is 10pips and he was 7pips in drawdown. It's actually a 3pip risk for 37pip reward on the same lot size.
The video is so disengaging lol