Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Passing My $150k TopStep Chalenge Strategy:
I break down some stats but also the 3 changes I had to make in order to save my account from blowing. I also share with you my tops 2 tips you should implement once you pass one of these challenges.
Mistake#1 & 2 Quality Over Quantity & Timeframe Sequence:
With futures, you have access to tick charts, level 2 DOM, and a bunch more fancy equipment. I found myself taking on average 5-7x trades per day on ultra-low timeframes when normally I trade 1-3 setups per day on the 1-5minute. (I was like a kid in a candy store)
Mistake#3 SL Placement:
Markets were no longer range-bound, and over the last two to three months, we've had greater volatility. I was trading such low timeframes with such a tight SL that I was just getting whip-sawed out. The adjustment I made was having a larger technical-based SL.
Risk Management:
Overall IMO these are not challenges you want to take 2-3x months to pass but rather 3-4x weeks. Depending on your overall win-loss but if you have a 50% win-rate then I think having 4-5 bullets is how much you should risk. If you have a 75% win-rate then consider giving yourself 3 bullets, and if you have a 35% win-rate then consider giving yourself 6-8 bullets.
Once you get funded my top 2 tips:
1) Take 2-3x days off. Adrenaline and emotions are high right now filled with excitement. Most traders think that once they achieve a funded account "they've made it". You have to remind yourself that you haven't made shit and that there's no naked girl at the end of the tunnel congratulating you on becoming a trader. It's a never-ending road filled with trading, journaling, reviewing, and adapting.
2) When you decide you decide to trade that live account start trading with very very small risk. At this point, you can take profits, and most traders close trades early and trade with emotions. I personally recommend trading with a very small risk for the first 1-2 weeks of the account.
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Crazy this Villa is only $250 A Night....
Spent the last 2 months here in Krabi Thailand and I must say one of the BEST places I've been to. The lifestyle, culture, beaches, beautiful women, and gorgeous landscapes.
The reason I got into trading was not for the money but for the lifestyle. seeing other traders traveling around the world while making money online.
I hope to also give others that same dream so what I've done is created a traveling & trading Villa Tour.
Check it out!
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New year, new you right?
I bet you've been telling yourself that this is the year you become a profitable trader right?
Or maybe you have the goal of becoming a funded trader.
What if I told you that 80% of New Year goals and resolutions fail within the first 30 days of the new year....
Not only that, but 90% of traders lose money...
Shocking right...
Truth is, nothing is going to happen unless you have a proven blueprint and system in place on how to accomplish this goal.
Luckily for you, I'm going to share with you the blueprint you need to follow to become a consistently profitable trader.
But first, to become a consistently profitable trader, we need to understand what the 90% of losing traders are doing and to avoid it.
90% of losing traders are doing the following:
1) Poor risk management.
2) No trading plan.
3) No journaling, no backtesting, no reviewing.
4) System jumping and dealing with information overload.
So now that we have identified the problem of what the 90% of doing. We need to implement a strategy to fix these problems.
Watch this video and learn the 3 secrets to becoming a profitable trader in 2024.
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Most traders stumble during high-impact news or the stock market opening. Why? Because they don't fully grasp what's happening in the markets during these intense periods.
Did you know that around 99% of pending orders vanish right before the news hits? And the sheer volume of trades executed during these times is mind-boggling. Let's not forget how commissions and spreads can skyrocket.
Understanding these market nuances is crucial for anyone aiming to be a profitable trader. In the most recent video I uploaded, I illustrate, how high-impact news and the opening bell create liquidity, unpredictable volatility, and what is actually happening on the level 2 order book during these times.
This is a concept that all traders must understand.
4 - 0
Spent the last 3 months here in Brazil and I must say one of the BEST places I've been to. The lifestyle, culture, beaches, beautiful women, and gorgeous landscapes.
The reason I got into trading was not for the money but for the lifestyle. seeing other traders traveling around the world while making money online.
I hope to also give others that same dream so what I've done is created a traveling & trading house tour of the place I've been staying at.
Check it out!
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Taking longer than expected but working on a 100x backtest ICT/ Orderflow for Monday.
Enjoy the extra extra long weekend to my friends in USA.
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They say itโs about the journey and not about the destination. But I must say, this is a pretty sweet destination.
New traveling & trading video talking about trade reviews, room tours, and Machu Picchu.
5 - 1
Happy Holidays My Friends! Just uploaded a new video breaking the whole supply and demand methodology in a 1.5-hour long video. Feel free to check it out over the holidays!
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Coming To you From Chichen Itza..
Last 3 days have been spent going around Cozumel on a motorbike and a tour at Chichen Itza.
2 new travel& Trading vlogs coming out over the next couple weeks. =)
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Thanks For The Great Feedback On The 2 Previous Videos I Made Talking About "Reward Risk VS Win-Loss", and "How To Create A Trading Plan". Well, Let's Fire Off Another one
Trading Like A Casino Using Probabilities Is What Separates The Profitable Traders vs Non-Profitable.
Taking A Probability-Based Approach To Your Trading Is Game Changing! I Learned This From Mark Douglas's Book "Trading In The Zone".
Just Not I Uploaded A New Video breaking Down This Topic So You Can Become The Casino And Trade With A Edge.
Let Me Know What You Guys Think!
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Welcome to my channel "Mondayball Austin"
My name is Austin and I'm a traveling trader that travels around the world sharing my passion for trading and traveling.
I'm currently helping day traders become consistently profitable and giving them the ability to live life by their own means. Here you will learn how to trade in the forex and stock market with a trading strategy called supply and demand.
If you came here to learn how to trade, travel, earn a 1st or 2nd stream of income, and leave the rat race 9-5 job then you are in the right place!
On this channel, I really try to SKIP TO THE POINT AND NOT WASTE PEOPLES TIME WITH BS FILLER INFORMATION.... REAL TALK!
Free Masterclass: www.moneyballtrading.com/
SOCIAL MEDIA:
Twitter: @MoneyballAustin
IG: @MoneyballAustin
FB: @Moneyball Austin
Tradingview:@Moneyball Austin
Email: austin@moneyballtrading.com