The SECRETS Prop Firms DON'T WANT you to KNOW
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- เผยแพร่เมื่อ 17 พ.ย. 2023
- A set o rules to increase the probability of you becoming a profitable trader with prop firms.
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we want the webinar, that woulod be a great uportunity for all of us!!!
My take away lessons/learning from the video !!
"Secrets to Succeeding with Prop Firms: Understanding the Game They Play"
Prop firms don't want you to win, treat it as a numbers game
- Prop firms are not here to make you rich, they profit from the fact that 95% of traders fail
- Define rules to increase your chances of passing prop firm challenges
Prop firm results depend on your trading skills and strategy
- Be profitable and have a profitable trading strategy
- Choose a sustainable approach over aiming for a big payout
Manage risk effectively for profitable trading
- Limit risk to 1% in prop firm challenges to allow for drawdown
- Focus on long-term profitability over short-term gains
Limit challenge per month to one
- It is industry standard to have time limits for challenges
- Going through high drawdown indicates a possible issue with mindset or strategy
Take at least 2 weeks break after losing a challenge and analyze your mistakes
- Reflect on the mistakes made during the challenge
- Write down how to solve the mistakes in the next challenge
Reduce account size after a loss
- Dial account size to half after losing a challenge
- Find the account size you are most comfortable with
Choosing the right account size and practicing proper risk management increases the probability of making money with prop firms.
- The reason prop firms provide a 10K account with 100% draw down is to trigger emotional decisions and increase the likelihood of failure.
- Having a profitable strategy and not risking more than 1% on the challenge, along with the right account size, increases the chances of making money with prop firms.
Risk more on challenges to make it long term as a trader.
- Consistently pass challenges and get payouts to start playing an advanced game of risk to reward with prop firms.
- Although not recommended, some traders try to quickly pass challenges for bigger payouts, but it may result in more failures.
1:35 Are you going to post the Risk Management webinar on TH-cam?
I'm waiting for this webinar
Plz do the webinar bro , we need that risk management 🙌🏾
Very interested in the Risk management webinar
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.
The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
Crypto is a whole different ball park.
I would only invest funds in it that you are willing to lose or don't need.
In terms of day trading crypto I don't keep a eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
That's right, you need an experienced trader to make good profits trading cryptocurrencies
Yes would like to see the webinar
Soon!🙏🙏
Muito complicado lidar com as prop firms .
Yeah i want to see the Risk management webinar
i want to see the risk management webinar
yes please make a video for rish management’
hell yeah...! we want the webinar.
Do the risk management video.
We want the risk management webinar/video
YES TO THE WEBINAR
Amazing advice. Thank you
Webinar please!🥳🎉
Been a profitable trader in a losing streak. Really like your videos for opening my perspective a little and refresh. Thank you
Yes I want to see the risk management webinar 😂
Webinar please bro 🙏
We want that webinar
risk management vdo please
Webinar pls
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5
I agree with you! With her help, I diversified my 450k portfolio among different markets. During this bearish market period, I was able to produce a net profit of little over $1 million from high dividend yield stocks, ETFs and equity. However, the reality is that you cannot do it without a tried-and-true trading coach like Kimberly Kent
yeah she does and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
thank you buddy for being honest in this environment
Do the risk management webinar
RISK MANAGEMENT VIDEO PLEASE
risk management webinar for sure
Love you spartan brother
Respect bro
The best video I've ever seen about Prop Firms and all that
Webinar❤❤❤
Consistency
Discipline
Plan
Timing
Win or lose stay consistent.❤luv for tips ..
Amazing insight Kimmel, straight experience here.
we need that risk management webinar man
Hehee! 🤝🤝
Sustainable road is the long term vision on all aspect either Risk management or your goals. Accumulation of RIGHT SMALLS STEPS will lead you quicker to your goals than to be greed (by wanting all right now).
Let's see the risk assessment webanaire
Yes please
thanks for the amazing drop today🎉
🤝🤝
Representing Portugal at the best!! W trader!
seu gay
Risk management
the risk webinar will be great
Man you are the great
3:13 perfectly said
You are right bro ❤
do the webinar
Hehe, I might have to break the algorithm with the best webinar online
I am happy to find your chanel!
@KimmelTrading You Really Need to make that "risk management" THINGI
I am waiting for risk management tutorial, and a prop firm needed strategy break down video please
@@Tapicontowtsapme thank you for the reply
drop that risk management, my guy we need that
Pls risk management
Webinar
Kimmel do u also trade on Monday
Cause Mondays for me is always a bad trading day for me but it's just my personal experience so far as a new trader
obrigado amigo.
Kimmel why are u only trading on ny and not london session doesn't the high or low form during london how do u catch the daily wick in new York brother
the biggest takeaway of this video is that without risk management and the right mind you cant achieve success, because you can have the best strategy but then blow the acc in few trades with inappropriate risk and mindset. also reminded me that i should delete social media cuz it can be deceiving and make you think that you arent doing good if an influencer made 5k in a day where you lost money with YOUR model that proved to be successful in the long term
why you don't talk yet about the huge update of ftmo?
Update on My forex funds, what do you think will happen
The risk management videos is now available? 1:46
You are absolutely correct, funded prop firms are the close cousin of legalized gambling casinos. Their rules are akin to the "0" and "00"" slots on the roulette wheel, taking the 50/50 odds of winning to a 53% win advantage to the house.
Takeaway's is however your performance is now, will spill over into your prop accounts and i actually experienced this.
This guy is smart !
Consistent payouts it's better then Home runs
Actually, I would like to watch such kind of a vebinar
1. For trading firms its a Numbers Game, So Think in 100 trades not 5 trades as 5 is not enough sample size
2. Only think about Prop Firms after You have an edge and already profitable in the markets
3. Take Prop firms with a sustainable risk management ie risk less than 1% on a trade
4. Only buy prop firm account with the money you are okay to lose, Go for multiple small accounts rather than a big account when starting. Take prop firm account size you are comfortable with
5.After loosing a challenge, don't buy an account there and then , go back to the drawing board and figure out what went wrong ,Reflect on mistakes you made and solve
6.Become neutral with the money you spend on challenges
7.choose the right account size that u can psychologically trade well , some one buy 100k account when they are not ready to trade such account size
I hope to have luck in the giveaway, and in trading perseverance, risk management, and a positive psychology🍀
Bro made things clear
No need to overleverage.Slow and steady progress i use 1% risk if i lose one trade i use 0,50% and then 0,25%.I think that this is the process in order to get used the account size and the numbers that you see in the terminal
1% of the prop challenge or 1% of the max draw down?
Example 50k account with max dd 2k challenge with 3k profit target . 1% of which one?
Avoid the pressure that comes with losing a challenge
So you should go for challenges that put you in a comfortable position of taking minimal losses
Got some good points although the timeline for them is definitely based on the person
How can I get inside a prop firm if I’m a us citizen
Spartan Spartan Spartan
Just trade with your winnings. Start with the lowest challenge you can do and if and when you profit from that, just use those profits to pay for the next highest one and so on. As long as you follow the tips in this video then all you're effectively risking is the cheapest challenge you can find. The rest is your skill. And understand that, any time, you can lose so if you're just trading with your winnings then all you've lost is time and effort. It seems so basic saying this but so many people don't think in these terms.
I know you mean, proportional lots, margin level, and currency parity diversification. Alrigth?
🔥
Take away is don't risk more than 1% 😊
Its the trailing draw down that gets me 😳🙄.. When you are back in profit .. But still in draw down.. And i have not yet passed a challenge.. But guessing when you become a live trader they put this on you.. Are all challenges like this or just FX Funding 🤔
5:08 What is this? Easteregg ?
Nyc one
Anyone test out DEI Funded yet? It's a new prop firm. I have 2 5k challenges but I can't seem to find any proper reviews or videos about this company
I will love to see the webinar!
So you have learn nlp neuro-linguist programming?
yes kindly do risk management webinar it will really help allot😊
🤝🤝
awsome
🙏
Ok risk management
Great video!
Great video on risk management and yes i would like to attend a webinar .
Today i got to learn that most prop firms are designed to fail traders basically targeting retail traders mindset and psychology. We must not use more than 1% risk per trade and in case of drawdown we must reduce position size. In case of account breach we must take atleast 2 weeks gap before going for another challenge, finally we must select an account suitable to our style of trading and risk capabilities
Thank you, Sir!
Love the video and i wanna see the management webinar PLIS
Someone should tag Angelo Ciamello, TFT CEO
Then he bans me :(
@@KimmelTradingikr😂
But so long I’m profitable I really don’t care if they want us to win or no
Thank you odogwu
This is sooooo true! Thanks a lot for you, bro!!
1.Learn about trading and a good strategy based on price action by ICT would be better.
2. Learn about risk management and master your emotions (by taking a small account and using your results as backtest data)
3. Trade money that you're ok to lose.
4.Disciplined and patient cause avec challenges you have to keep those accounts.
5.Don't try to make money 😅😅!
why buy one 100k for 500e, best way buy 2 50k..chance is double at least..
Thats my new approach, and I like your way "two trades, you win or you lose"
This was really helpful...thanks 🙏👍
Yes we want a Risk Management webinar plz 🙏🏼
It's going to be fire!
Drawdown are ways to touch on to reality, if there're no drawdowns it means it easy which it isn't true.
Drawdown are normal, the goals is just to tweak it so it's too much.
Raf if I was running one of these firms I would absolutely hate your channel. 🤣
🔥🔥🔥🔥🔥🔥
🤝🤝🤝🤝
I would add one tweak to what you're saying. Prop firms that offer you real capital when you pass their evaluation generally want you to succeed. Many real capital prop firms are "A" booking you (putting you straight through to market). This means your goals and their goals are aligned. They are not a counter-party to your trades. Said another way, they are profitable when you're profitable. Companies not offering you real capital when you pass their evaluation aren't prop firms (just my opinion). As Mr. Kimmel is saying, their business model is based on the majority of traders failing and they are more than likely "B" booking you (trading against you).
Let's hv that risk management webinar 💯🔥
Would love to see the risk management webinar please