Dan Cheung: How to Get Funded $1 Million with Prop Firms | WOR Podcast EP.88
Vložit
- čas přidán 29. 06. 2024
- In this episode of The Words of Rizdom Podcast we are joined by Dan Cheung (AKA Dan WChamp) a Pro Trader & Veteran in Prop Firms. Dan has achieved millions in prop firm funding as well as trading over 6 figures in personal capital. He shares his secrets on how to get out of drawdown, get max funded and shares insights on how to pass prop firm challenges as a whole.
__
TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter.
⬇️Use Code “RIZ10” for 10% off your subscription ⬇️
www.tradezella.com/?via=riz
⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️
www.tradezella.com/?via=riz
__
The Best Prop Firm In The Industry Alpha Capital!
Use Code "Riz" for 20% OFF ALL Challenges.
app.alphacapitalgroup.uk/sign...
__
Dan's Instagram: / wannabechamp
Dan's CZcams: / @dancheung
Dan's Twitter: x.com/wannabechamp
Riz’s Instagram: / wordsofrizdom
Riz’s Twitter: / wordsof_rizdom
🔴 Free Telegram Community! 👉🏽 t.me/pocketsofrizdom
I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽
SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽
Feel free to get in touch with the details below.
Where to find me:
linktr.ee/wordsofrizdom
Twitter: @Wordsof_Rizdom - / wordsof_rizdom
Instagram: @wordsofrizdom - / wordsofrizdom
Email: riz@wordsofrizdom.com
Website: www.thevipergroup.com
Timestamps:
0:00 - Introduction
2:13 - Going all in on Prop Firm Challenges
5:28 - Going on tilt and how to avoid it
7:49 - Being addicted to the charts
9:56 - Trading is easy?
11:44 - Achieving 7 figures in funding
21:05 - Summer or winter best time to trade?
23:24 - Building multiple income streams
25:54 - Importance of a stable income
27:28 - How to Handle multiple projects at once
39:06 - Compounding personal capital
46:49 - Personal vs Prop
49:37 - Optimum Trading Conditions
53:10 - How to get out of drawdown
56:11 - Prop trading - Slow & Steady?
59:45 - Outro
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
#trading #daytrading #forextrading #propfirms #ftmo - Zábava
⬇️⬇️ JOIN THE PATREON TODAY! ⬇️⬇️
www.patreon.com/WordsofRizdom
🚨 MASSIVE OFFER AT SKILLED FUNDED TRADERS 🚨
No time limit evaluation firm + Skilled Challenge with 6% Phase 1 Target!
⬇️ 12.5% OFF ALL CHALLENGES Use Code "RIZ" ⬇️
skilledfundedtraders.com (Lifetime Code)
⬇️ 35% OFF Virtual Accounts With The 10% Virtual Drawdown Option for $5k to $25k Accounts Use Code "SFTXDISCORD" ⬇️
skilledfundedtraders.com (Lifetime Code)
⬇️ 20% OFF Virtual Accounts With The 10% Virtual Drawdown Option Use Code "RIZ20" ⬇️
skilledfundedtraders.com (Lifetime Code)
⬇️Join the Skilled Funded Trader Discord: ⬇️
discord.gg/2MH4ESZ776
-
TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter.
⬇️Use Code “RIZ10” for 10% off your subscription ⬇️
www.tradezella.com/?via=riz
⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️
www.tradezella.com/?via=riz
Next year am gonna be in one of these episodes
yezzz@@daudimollel7143
Who is Kyle? Is that JadeCap FX?
WHY YOU NEVER INVITE THE TRADERS FROM AFRICA WHO MADE MORE SUCCESS THEN MANY OF YOUR GUESTS
Best rule to pass funded account
Rule number 1 :Never close a trade !!
SL OR TP ONLY !!
Rule number 2 : Trusting your setups is a mandatory !!
Rule number 3 : Patience is key !!
Rule number 4 : choose good prop firm !!
Rule number 5 : Learned from your Mistakes!!
#SFT💚
Rule 1-3 is why I’m still 1 % away from passing and havnt yet. You’re 1,0000 % correct !
Rule 1 is so underrated. I’m in drawdown simply from not letting my trades ride and getting out early due to fear of losing.
Except I will take partials
corny, do what works best for you
@@CSaenz44 how is it corny these are basics principles of people who actually got far in trading and can attest to what he is saying is true . Nothing corny about facts bro .
You need to be flexible and number one has its place but bot always the case and eith experience you will know it's better to get out of a trade at times before sl hit or tp hit its a case by case basis
Dan Cheung is always smiling and giving out positivity every time he shows up in yt. You deserve where you at now brother 🏆❣️
appreciate you! was a long journey but worth it
Celebrating a 1 million usd in payouts is no joke. Doing amazing and this is the family i look forward to being a part of❤😊
One mill in funding - not payouts - either way its amazing.
There is so much in this podcast.
Key Traits
1.Balance in life: This one brings importance of balance in life and trading, doing something important more than just trading like your old hobby, your work, get in shape, and not getting addicted to overtrading.
2. Me vs Me (self-reflection) continuous self-development and learning during breaks. Build that solid foundation in trading during breaks before attempting to trade or take another challenges. Start with small challenges and gradually scaling up. Self-awareness also important to reflect our personal challenges and how they influence our trading decisions.
3. Balancing breaks and profitability it is important to take a breaks but not for too long to keep the momentum, especially to become profitable trader. We need to settle first and protect our capital.
4. Disassociating from trading in the market and not attaching personal worth to trade. Find other interests to distract from the stress of trading.
"All of these are part of being profitable trader"
- trading is not easy its a journey.
- learning how to trade
find reasons to trade
- finding reasons not to trade
overcome trading psychology
thank you for breaking it down for everyone!
First I've got to say this pod was legendary !!! What I got between the lines been said, every trader needs to work a job, I repeat EVERY TRADER !!! That part hit home so deep! I literally said it out loud
Thanks for watching!🙏🏼
Podcast are not only people talking each other, they are telling their whole life effort❤❤❤#sft💯love from India 🇮🇳❤❤
Podcast are not only people talking each other, they are telling their whole life effort❤❤❤#sft💯
Really enjoyed the part about learning to get out of drawdown. During quiet period, I'd practice deliberately sinking a demo account and then spend the rest of the week / month trying to methodically and slowly recover from drawdown. It's the best feeling ever when you've done it and when you can do it multiple times, it builds confidence for when the live account goes into drawdown.
Very interesting technique! Thank you for sharing and tuning in 🙏🏽
genius!
"All of these are part of being profitable trader"
- trading is not easy its a journey.
- learning how to trade
find reasons to trade
finding reasons not to trade
overcome trading psychology❤❤
What a guy. This was single handedly the best episode. Lots of clear and understandable knowledge that was passed
Celebrating a 1 million usd in payouts is no joke. Doing amazing and this is the family i look forward to being a part of❤😊#sft
Dan Cheung is fantastic.
Getting 1 million payout is not a joke.whatever his strategy or rules but he is a good set of example prop traders like me .❤❤❤❤
1. The scaling plan is awesome, SFT can incorporate it and also add a monthly salary for funded traders.
2. There should also be an option to switch from standard to swing once you get funded as styles for challenges and funded phase may differ.
That's why Dan will always be one of my top favorites. He keeps it real. 💪💪💪
appreciate you!!
That’s amazing to hear, thank you for tuning in
Positivity flowing in these 2 great men.
Love how genuine these interviews are. Nothing but pure game 💎💎
I fucking love Dan. Just listening to him makes you feel happy inside. His energy is amazing, this was great!
Wow this episode is a game changer! 🚀 Dan Cheung is atrue maestro in the world of trading. And the Words Of Rizdom Podcast just nailed it with this interview. 💯❤
First I've got to say this pod was legendary !!! What I got between the lines been said, every trader needs to work a job, I repeat EVERY TRADER !!! That part hit home so deep! I literally said it out loud#sft❤
Till Trading become Main income.
LETS GOOOOO
Riz again thank you for having me and doing the podcast so quickly too
This was a great year and thank you for what you do for the community
Cheers to 88 and Christmas to everyone 🙏🏼🙏🏼🙏🏼
Dan you’re a legend and an incredible guest. Looking forward to dropping out other episode in the Patreon. Much love brother and can’t wait to have you on again soon🙌🏼💙
Thanks Riz and Dan. I've learned a lot, consistency, effect of compounding, putting things into work, and most importantly keeping promise that we make for ourselves,
Honestly this is the best content, even if some one isn’t trading. The life lessons in here are priceless, I finished this one with the biggest smile on my face. Absolutely incredible stuff!!! ❤
Dan always supportive n motivate every time i watch his interviews, always give best advice and support community
this channel was my best discovery this year; thanks so much for the work input; it really helps us in our journey lots; we appreciate the good work with all measures
Found Dan through one of his FTMO updates video and it was great been following his journey ever since great looking forward to this 🎉
Thank you Riz and Dan. I am passing the challenge this time for sure
Happy to see dan Cheung success he is a influencer who is really help really traders by giving real education 1m congrats sir 📈👏🎊👏👏
lets keep going!
Anything that you choose in life, there’s always gonna be a price to pay. So embrace whatever journey you’re on
This is probably one of the best Pod i have watched on this channel. The way Dan explains everything being so involved is so touching. Thanks Riz and Dan.
im glad you felt my passion
Trading is a journey of self discovery. Where you'll know about yourself. How you behave and act on situations❤💯 #sft
Great episode guys. Love Dan's simple down-to-earth wisdom!
Dan is changing our lives by his giveaways. He is inspiration to me. ❤
Hi Dan Cheung,your videos are always very informative and satisfying. I would really like to know what entry point would be recommended for me to use so I can make as much profit as he does In this video
Ideally when you observe the price drops below the 20 margin you can set your entry point and pin your selling position above there. But just like he said in the video,you can't rely on a single strategy for huge profits, you'll need a better trading establishment to make as much profit as he does
Prices are never constant because market stays teetering,entry point varies in respective of the current market trend
Concentrate on your E.L.E.E and you will notice a more desirable trading result.
@JOSERIDLEY Glad to have bumped into this conversation,my trading results has been relatively poor. What do you mean by "you’ll need a better trading establishment” to make solid profits?
Just get trading tutorials and you’ll be good
I like that, stepping back and looking at our lives from that point.
Stuff like this is the reason I keep pushing forward
Best rule to pass funded account
Rule number 1 :Never close a trade !! SL OR TP ONLY !!
Rule number 2 : Trusting your setups is a mandatory !!
Rule number 3 : Patience is key !!
Rule number 4: choose good prop firm !!
Rule number 5: Learned from your Mistakes!!#sft❤❤
Ive been waiting for this podcast for long!! I love all Dan Cheung trading content.Good podcast❤
This podcast is mind opening for me Riz thanks for always helping the community learning from others traders
First I've got to say this pod was legendary !!! What I got between the lines been said, every trader needs to work a job, I repeat EVERY TRADER !!! That part hit home so deep! I literally said it out loud#sft❤❤❤❤🎉😊
This pod has given me motivation to try prop firms . Awesome 🙌
I love spending time with Dan the real Champ. Such an inspirational friend of mine. Another incredible Pod 🧠
love you brother always support and love from both of us
Riz always bring the best in the industry. Blessed 😃
Very excited for this interview in particular!
Good to catch up on Dan's progress. Beautiful podcast. Looking forward to the next. #SFT
Can't wait for this amazing podcast 😍😍😍😍😍😍😍 Always the #1 Podcast 😍🤩❤️
Keep making these type of podcast. It really helps people to know about other people❤❤🚀
🎉 Hats off to Dan Cheung
Legendary Pod!! Dan is just an amazing guy for real.
Love to hear it!
Thx Riz and Dan. I have learned a lot, consistency, effect of compounding, putting things into work, and most importantly keeping promise that we make for ourselves #sft❤
Best of the best, thank you for brining him in♥️
First I've got to say this pod was legendary !!! What I got between the lines been said, every trader needs to work a job, I repeat EVERY TRADER !!! That part hit home so deep! I literally said it out loud#sft
I really liked this podcast and I am grateful for it It has very valuable information and not just anyone sharing it with you. Thank you I really enjoyed it.❤❤❤❤
Problems make us stronger 💪
Trading is a challenge.
Months of learning.
Months of honing skills.
Months of setbacks.
Practice patience.
Significant accomplishments require time.#SFT
great interview! he seems so down to earth too
RIZ IS ALWAYS ON FIRE WITH THIS PODCAST
Keep making these type of podcast. It really helps people to know about other people❤❤🚀,
Thanks Riz and Dan, absolutely amazing episode, so much value here. 🙂🙏
Best rule to pass funded account
Rule number 1 :Never close a trade !! SL OR TP ONLY !!
Rule number 2 : Trusting your setups is a mandatory !!
Rule number 3 : Patience is key !!
Rule number 4: choose good prop firm !!
Rule number 5: Learned from your Mistakes!!#sft🚀🚀
Best rules to pass to challenge. SFT for life❤
Can't wait 🔥🔥
Dan is a GREAT guy & SUPER TRADER 💯
You're being the best team out there 👏💪
#SFT 💚🧠💚
#WoR 💚🧠💚
#Omar 💚🧠💚
#Paladin 💚🧠💚
This dude literally said everything I’m always thinking about the way ppl think
Dive into the world of prop trading with Dan Cheung! From drawdown strategies to optimum trading conditions, this podcast covers it all. 🌎#sft#propfirm
Love the energy in this pod! 🔥
Riz thank you and your guest so much for these podcast
Thank you Rizdom This is really helpful episode👍🏻
Loving the podcast with #DanCheung
Stepping back to see myself was a big step in my trading career
Wow, this is so crazy. Am on my on becoming one of the world greatest trader 😅😢. Enjoy the process of trading. Learn the skill, not the money, the money follows the skill you acquired. I will one day be on this podcast despite the fact that I am just 16 years old. Am making my way up to the summit. See you word of Rizdom. Love all your contents.. 🎉
One of the best podcasts on your channel! Keep up the goodness, May Allah bless us all
Thank you so much for everything ❤❤
Thanks for the great opportunity in the way of giveaway ❤
I love how lively Dan is.😍😍😍
another day, another great podcast to listen to.
Yessir😎🔥
@@wordsofrizdom keep it up sir! kudos to your great work!
dude has such positive energy I love that. Nice Job Btw ❤️
Dive into the world of prop trading with Dan Cheung! From drawdown strategies to optimum trading conditions, this podcast covers it all. 🌎#sft#propfirm❤
Anything that you choose in lge, there's always gonna be a price to pay. So embrace whatever journey you're on#sft❤
#1 PODCAST IN THE WHOLE WORLD 👌🏾......
Love to hear it: that’s thanks to all of you supporting
"All of these are part of being profitable trader"
- trading is not easy its a journey.
- learning how to trade
find reasons to trade
finding reasons not to trade
overcome trading psychology#sft❤❤
Thank you for a very informative content. Trading journey is a self-discovery, where is you will discovery more about yourself. You vs. You, ME vs ME.
This was my favorite episode. This was fire lol 🔥🔥🔥
Extremely excited for the video
"Wow, this episode is a game-changer! 🚀 Dan Cheung, AKA Dan WChamp, is a true maestro in the world of trading, and The Words of Rizdom Podcast just nailed it with this interview. 💯 Learning from someone who's not only achieved millions in prop firm funding but also crushed it with over six figures in personal capital is like hitting the jackpot of trading insights. 🤑 Dan's tips on overcoming drawdowns, maximizing funding, and tackling prop firm challenges are pure gold. Big shoutout to Rizdom for bringing this expert to the table! 🙌
thats it i am glad you got some value on it thats what we are here for
Dive into the world of prop trading with Dan Cheung! From drawdown strategies to optimum trading conditions, this podcast covers it all. 🌎#sft#propfirm❤❤❤🎉
The boyssss, another sick drop 🔥🔥 great work
Man like Waqar!
Riz! I find such clarity from your talks about drawdown. I am currently in 4 percent drawdown in phase 2 and was getting down on myself and starting feelong helpless but your last couple podcasts you brought to light the reality of drawdown and the advice from your guests about how to handle drawdown and what it means has relieved my mind and allowed me to focus in on the pbectove of crawling out! Tha k you
Thank you for the kinds words. The podcast is all about providing as much value as possible to every trader out there regardless of what stage they’re at. Appreciate you tuning in and happy to hear you took something away with you from it🙏🏼
He is just awesome. This seems to be unreal but he is living proof that it can be done. Thank you for the motivation and inspiration ❤
and so are you! lets keep the motivation and positivity going!
You're podcast are always dope. Keep em coming Riz 💯🔥✨️
Appreciate the support as always🙏🏼💙
Been waiting on this love Dan !!
Kinda excited to learn a lot again from this video
Normally I’m not a fan of listening to random traders but i really like what this guy had to say. Seemed very genuine and knowledgeable. I’d recommend his advice to any trader🤝🏼
That’s great hear! Thank you for tuning in, plenty more to come 🫡
appreciate you!
Thank you so much for dishing out values.
That’s the aim always, be sure to check out the latest episode too
This will be a great podcast.💥
I’m impressed by his ability to patiently compound over time. I should probably read his book recommendations. “Skill not money is the problem..” Superb quote. Still, seems unfathomable to me that someone could recommend getting such a tiny amount of sleep.
Very excited for this video man let's have it
The best training podcast youtube 👏channel
Easier rules and most authentic prop firm ever ❤❤❤❤❤
Beautiful, keep up the great work
I knew this guy from the MFFX channel, he is been always awesome with his own interviews with other traders, I like him so much. One of his word, Me vs Me it always stayed in my mind. Thank you for the this interview from someone very specials.
me vs me
you vs you