A Proficient Trader

Pls share your experience. Thank you

There isnt really any timeline for profitability, every trader matures at their own time.

You can't have 7 figures of your own money without taking 10% annualized risk. The fastest way would be a prop shop where they hone traders or an actual broker account.

Even a prop firm wont allow you to have 1 Million in funding in less then 5 years. By then you would be scared if they are shutting down or not.

Develop a system and become consistent. Once you have had 6 months of consistency every month put aside 20% for high risk trading at extreme leverage to speed up account growth. A million can be achieved like this in 2 years. Starting capital 5000 USD.

You are saying 5000$ starting capital can amount to a million dollars in 2yrs?

I have turned 11k account to 88k in 1 month that was 5 month ago. But risk was 7.5-10% per day.

Wow, this is amazing sir

Do you have a risk management and trade management guide that I can use to replicate same.

I have a questionnaire for you:

Does your system generate similar entries daily?

This is important because a discretionary trader may not get entries daily and not all trades are created equal for them.

Is your strategy mechanical?

This is important because you must not think when you have to pull the trigger. The desired lot size must always be added . You start with a test lot 1/2 of the total, add to the winning trade with every price move in your favor till the full size is achieved. Exit with a fixed number of pips for a guaranteed winner.

Can you expect more winners then losers in the next 10-15 trades?

This is what everyone claims to have but yet everyone is afraid to test the ability of the system.If you have a system that wins most of the time the lot size is just a number that you change and must change or you will be making salaried money from trading. I saw yoks take 26 pips on friday yet the gain was small why is that. The size is required for any amount of growth.

Can you enforce a strict loss limit per day?
This is going to be the account killer if you get it wrong.

I will share an advice that is not conventional. trading is not a job and any gains you make should be asymmetrical. You must consider the time cost of your trading because sooner or later the system may run out of edge or market conditions may change so you must hit it big when your system is performing. And step back when you are seeing bad performance.

I will share the mechanical setup i trade. In the mean time here is real motivation from a real trader John Rambo. trade big or trade poor.

Don't go crazy with size let me elaborate first in the coming posts. You ready for this.

https://www.mytradingland.com/thread/20-trades-exercise-e2af6f

Thank you, I’m going though this now.