How I Would Approach Prop Firms In 2024
Vložit
- čas přidán 12. 06. 2024
- In 2024, the requirements for prop firms are def much easier compared to 2020. That is why in today's video I explain how I would tackle a challenge today. Whether you prefer an aggressive or conservative approach, I've got you covered. Learn when to go bold and when to play it safe. Plus, discover the key rules that have helped me secure funding with ease. Don't miss this essential guide to prop firm challenges!
📈 6% Phase 1 Goal
🚀 SFT Skilled Challenge
💰 Aggressive vs. Conservative Strategies
🎯 1-2 Risk to Reward Ratio
📊 Maximum 2 Wins/Losses per Day
📅 Max 4 Losses per Week
🔴 Recommended Prop Firm:
skilledfundedtraders.com/
(Use Promo code: SFT20 for 20% off the 10% drawdown option)
🔴 Instagram: / thelifeofpaladin
🔴 Please subscribe. Trying to get a 100k by Mid-October!
#fundedtrading #tradingsuccess #aggressive #propfirm #riskmanagement #tradingplan #SFT #paladin #tradingstrategy #tradingjourney #tradermindset #conservative #approach #safe #success #challenge #strategy #daytrading - Zábava
Will talk about the myforexfunds situation on the next video and how it affected my trading career
My trading journey has been successful since you started posting these educational videos. Thank you once again!
Amazing!
Good Information! Productivity never comes by accident, it is always a result of planning, commitment and consistency. I’m greatful to God for Nicholaswalding, with his help i am now stable- i make up to $18k weekly.
Wow, Good returns, i am also in dire need of a good analyst too. I have been trading myself and having encountered multiple loss keeps making me sad, please how do I contact him?
Greetings. I've seen positive reviews about Nicholaswalding, how do i contact him?
May this sharing bring the best friend outcome for you and Nicholas handles my trades and his investment plans are very efficient. *Nicholaswalding fs*
*lnstagram*
As a beginner, I lost over $2k tryna figure out how the game works. I started making progress and profits when i sorted the analysis of a professional team. Handling my trades on my behalf they make returns over $8k weekly, I’m impressed by Nicholas speculations as most of it are efficiently handled and profitable
First comment on MFF situation and tell us are you different to MFF. as you are one of the partner in prop firm. You need to explain how someone can trust any prop firm now. Make a video on that first. If you’re not making means you are also scam
Yes, please talk about this situation
yes paladin let us know, dont be all quiet now
All the verbiage on the smart funded trader changed to “simulation” check it out. I don’t think this dudes doing anything shady by and means but it just sure seems funny all of a sudden with those changes.
Agreed. I have the same thoughts. A partner has only one motivation- make money. There is a conflict of interest here.
Bro even if they are scams in the long run use them now to fund your personal account
Just purchased the 10k Challenge. .5% per trade!
1:2 RRR
Tons of PATIENCE!
Strong psychology!
Let's go!
Thank you Paladin. You inspire me a lot!
Lets go wishing you the best!
@@thelifeofpaladin I"LL slowly aim t get the highest challenge. So far, this is what I can afford. My currency is pretty low here in the Philippines so purchasing a higher package is a bit of challenge. But I have a live account that I trade and it's just $2000. But for now, I'll focus on the challenge. What advice do you have for me?
Great learning everytime
Thanks a lot my bro💯🔥❤📈
Always a good content, Paladin. Thanks for this valuable insight.
Thanks for watching!
For salary earners having a passive source of income is the best thing you could have , because aside the the fact that it isn’t always enough you could lose your job any day at any time , have something to fall back to is crucial , for me it is trading the Forex and Crypto market and no I didn’t have that much knowledge to begin to earn that’s why I said passive income, I leave the profit making to the pro like my Advisor ' *Nolan Velden Brent* who has been doing a wonderful job.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
great video. great advice. thanks for sharing your disciplined trading rules that lead you to get funded
Thank you so much,because no one shared this much of deep information 😮,❤ from India
Wow very good information here
Really glad to follow you
THANK SO MUCH PALADIN
Np glad you enjoyed it!
Good video, thanks for sharing. Their commissions could be lower and their equity based drawdown is one of the reasons it wouldn’t make it on my top choices. Maybe they will consider doing something about this.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Very true, people downplay planners role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license-fiduciary advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, I liquidated 200k of 325k from my 401k it has yield nearly 1M after subsequent investments so far.
I've shuffled through a few experts in the past, but settled with LUCY ROSE CARTER. The strategy they use is recession-proof, more specifically profit-oriented , and most likely, you'd find her basic info on the net, she's a renowned advisor.
Having an investment adviser is the best way to go about the market right now especially for near retirees. I've been in touch with LUCY ROSE CARTER for a while now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions.
LUCY ROSE CARTER is making quite the wave in the financial space currently, from Bloomberg to CNBC. Impressive, I think I might check her out, diversification is also a smart move.
I know this lady. Lucy is a genius in the market. I once watched her on BBC finance when she discussed her take on Real Estate Management and Investments. She's quite an expert.
thanks you for the informative video brother, on the skilled challenge 6% target on both phases, still allowed on news trading?
Great video!
How is the profit split and how is paid out to the trader?
I recon I’ll wait a month or two before getting funded again as I’m afraid if I’m gonna go funded again the prop firm is gonna shut down like they did with MFF so until the prop firm industry is settled a bit and CFTC has no issues, then I’ll jump back
Edit: I have a question. Is it bad I used a prop firm passing service to pass my challenge? I used one called 100kpass and they passed for me but I feel like I should have passed it myself.
The clear distinction between the aggressive and conservative approaches is super helpful. It's crucial to understand our own trading psychology and tendencies to prevent overconfidence or revenge trading. Love the tip on adjusting risk percentage based on account cushion. Thanks for demystifying the process of getting funded in 2023 and emphasizing the importance of discipline in trading
Hi Paladin, hope you are well. Question, how do you calculate your position size on MT4? Do you use a trade manager? Would you mind creating a video on how you calculate your position size on MT4? Thank you kindly.
very informative video !🔥
Glad you liked it
Very helpful
Thank you
Thanks man
Thanks bro
Does the prop firm you’re talking about in the video do futures aswell or just forex?
Do you recommend taking partial profit at 1:1 and move stoploss to breakeven?
I see Daddy's Kid doing cool👊👊 big up G💥
Yoo Paladin whats your avergae winrate/strikerate like trading ICT?
Do you have any suggestions for a indices Calculator trying to pass the skill trade prop firm
My style is doing 1:3 but I take partial on a 1:1 which means I still get 1:2 Risk to Reward and at the same time preserving my Mental Capital.
are you rich ? just asking
Appreciate
I'd love a step by step strategy like other big CZcamsrs do
There are hundreds of strategy's on CZcams. Hundreds.. why you wanna learn another one?
@@Coted1988 because I trust this guy
Love from india paladin❤️
💙
Please Sir, When Do You Breakeven using 1:2
Is this platform is legel in india?
Well the way we should approach them is by who is really paying on time.
The fact that traders just do not care about losing the challenge fees buying and blowing challenges, slipped to hell without caring, and repeat, is quite alarming. I don't blame mff this prop business is lucrative, printing money all day long and twice on promo days
😂😂😂
I think 1% is neither conservative or aggressive. Its just the standard. Aggressive is 2% and above
Well if you have a 10% DD that basically means you're risking 20% not 2%.
@@yashraajthadani5524 also depends on your trade frequency. I average 7-10 trades a month so 2% isn't all that much on a challenge but maybe too much if you're getting 20+ trades monthly.
@@yashraajthadani5524 With your own capital you can't risk 20% because if you blow the account you're done. Back to zero.
With a prop account, if you have a profitable strategy who cares if you blow it you just pass another challenge.
At the end of the day the goal is to make money
So yes 2% is a lot on props but definitely not equivalent to 20% of your own capital. You'll basically blow the account once or twice a year. Cost of doing business
Not the same game nor risk profile than own-capital trading
Great
After passing phase 1 and 2 and I'm a funded trader, how much do I need to make before I can withdraw my entire profit ?
Or i can withdraw immediately after pass just phase 1 and 2 ??
❤
i risk 0.25 and im happy even i take months to pass at least i can protect my funding account
🔥🔥🔥
Waiting for ur first video!
Skilled Trader looks like a TFT white label. Do you still recommend them?
You risk 1% based on drawdown or account balance
Since some regulated brokers offer 500x leverage, this is being funded on day 1, no challenge, no rules no restrictions. So why bother with prop firms? I think people who go with prop firms have not properly calculated it through or is it me?
Pls explain 2 % cushion , thank you !
You start by risking 0.5% per trade once you make 2% profit you will start risking 1% per trade, that's what 2% cushion means.
Good content, but for your own sake, you should do a disclaimer about being involved in SFT....
Skilled funded trader prop firm challenge fees are little higher than others.😢
The Prop Firm I prefer everyone is the5ers !
Second here
Gem!
Thanks!
with everything that's going on why would anyone choose the prop firm that u promoting?
Yo get you scamming all this prop firme is a ponzi scheme
How to get mff fees back ?
Is still prop firms trustable?😢
Alguien que lo traduzca al español por favoooor
your website says 8 percent not 6 %
Would you recommend FTMO?
I would recommend True Forex Funds. These guys are EU-based and they have interesting challenges.
No future for props they are greedy enough. 6 months before that wasn't the case. But after MFF any prop incubator can blow up. So safe your funds build your personal capital and trade. Nobody knows prop firms will see the new year or not. Now props have time limit by Governing authority. So they want you to purchase account there is no refund if they are screwed
Hey man I have just shifted to full time trading and I can't even pass a funding challenge
How long you've been trading for?
@@jeez323 I have been trading for last 2.5 years and took funding challenge 30 days back
If you are full time trader then u must be profitable then how you are not able to pass the challenge??
@@41nishan66 exactly
@@41nishan66 gandu this is how it does not work having green weeks and few months does not mean that you will surely pass the funding challenge noobs like you won't get it full time shit is hell lot different
I rather a propfirm with low spread men i just hate when spread too much
Hey man can I take clips of this and add to my social media. With credits given ?
Sure
I’m celebrating a $30k stock portfolio today. I started this journey with $4k have invested on time and also with the help of expert wilbur johnson, now I have time for my family and life ahead of me
Wow, please how do I go about it, am still a newbie on investment trading
What a coincidence, I have been hearing a lot about investments with mr wilbur johnson how good is he in making profits off investments?
His strategies has been helping a lot of traders/newbies out there, with his program I was able to recover my losses from the crash so swiftly. I recommend him
Please how do I connect with mr wilbur? Link me up
@wilburjohnson
Hey paladin I just had a 5 loss losing streak how do I get out
Increase ur SL
@@thelifeofpaladin ok will do
Be profitable
Be profitable
@@shichilaofa lol not easy
❤️❤️ legend 🫡
🔥🔥🔥🙂😉👍👍🔥🔥🔥
Let’s be clear, you are NOT trading with over 1mil of prop firm capital. You are trading with the trailing drawdown amount for each prop firm account you have.
For example, a $150k account with a 5k loss limit means you’re essentially trading a $5k prop firm account and NOT a $150k account. You just have the leverage and buying power of a $150k account.
Exactly, that's why when you're calculating risk per trade, basing on maximum DD.
@@Agzmosespaladin doesn’t calculate using max drawn down. He is calculating based on account size.
Is this prop firm favourable for Indian consumers
bekaar hai bhai mat liyo boht high spreads hai
tum kaunsa use karte ho @@ankitr5216
yes its good u can go ahead with prop firms in india
@@ankitr5216 thnx bro
@@furqansyed6156 can you please name some
Bro talk about myff bro
why do you have dirty Tshirt?
First tell us why we should trust SFT ?
Cuz he’s their founder
Can someone from Africa get this challenge?
Y not
All is based firms will be shut down imho
Lol you got a prop firm now? Good luck
Nah Fam you gotta address the MFF situation before anything. Coming out with a video telling people how to pass your prop firm is a 🚩 🚩🚩. Your content is dope but the people need reassurance 🤔
Next video
This guy lied to us when he started this prop firm that there wouldn't be anything shady, yet turns out his prop frim was simulated too, meaning its business module is based on your failure, if you went to school, you would know why conflict of interest is a big thing. Goodluck to all who trust a simulated prop firm, you are not funded, you are just paid to make money off of the losses of your fellow compatriots, this module will eventually fall to regulation and declared illegal, your lawyers should have told you that by now, consumer laws will not accept this, the problem is that the law by nature is slow, but will catch you up, ik this comment is going to get deleted
Problaly going to get deleted they monopoly end
Bro your background making my eye uncomfortable😢
lol you just teach trader how to blow account, that 1% risk per trade is equivalent to 10% of your maximum drawdown which is 10% of initial account, and if you are day trader taking a lot trades a day you are higher chance blowing that account.
Change ur background my eyes are bleeding
Haha gotchu!
Thank you