Prop TradingLesson 3

How to ···

Notes 11 min21 sectionsIntermediate
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11 min of notes · 21 sections
What’s inside
  • ✓What to do before the first trade
  • ✓Determining the real Challenge risk
  • ✓Building a plan to pass
  • ✓First attempt strategy
  • ✓How to determine risk per trade
  • ✓How many trades to take
  • ✓The first days of the Challenge
  • ✓What to do after a good start
  • ✓What to do after a drawdown
  • ✓How to work with the Profit Target
  • ✓What to do when 1-2% remain to the target
  • ✓When to reduce risk
  • ✓When to stop trading completely
  • ✓How to keep statistics during the Challenge
  • ✓The main reasons Challenges fail
  • ✓Why you shouldn't try to pass the Challenge as fast as possible
  • ✓What to analyze after a failed attempt
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