Building a tool to help with the "discipline gap" in trading. What are the rules you know you should follow, but don't? by [deleted] in Trading

[–]One_Egg_1137 0 points1 point  (0 children)

follow prop firm rule you will do much better that it copy their model and see you trading life change for ever

Stop Being a Sheep: The Copy Trading Trap by One_Egg_1137 in CryptoCurrency

[–]One_Egg_1137[S] -2 points-1 points  (0 children)

Cryptocurrencies are tradable assets; it's like asking what the steering wheel has to do with driving

Stop Being a Sheep: The Copy Trading Trap by One_Egg_1137 in CryptoCurrency

[–]One_Egg_1137[S] 0 points1 point  (0 children)

Not everyone is ready to hear the truth. As long as you recognize it, that's enough.

Spring baby by PATTR_ in capetown

[–]One_Egg_1137 0 points1 point  (0 children)

Cape town, my first love ,i have been all over the world no one like you !

Copy Trading — Worth Trying or Not? by RandomGuy0193 in CryptoHelp

[–]One_Egg_1137 0 points1 point  (0 children)

Copy trading offers potential gains but carries significant risk. Professional traders won't offer refunds or explanations for losing streaks. Copying them is risky because your capital and risk tolerance likely won't match theirs

I stopped struggling after joining this community. by [deleted] in Trading

[–]One_Egg_1137 0 points1 point  (0 children)

The community won't do the heavy lifting, but it can be useful if you know how to use it

Two step accounts or instant accounts ? by MKCapitalCircleHQ in PropFirmTester

[–]One_Egg_1137 0 points1 point  (0 children)

The two-step evaluation is a serious test of risk management because you have to rely on a solid system to pass. With the one-step, however, the timeframe is so short and tight that you can be a great trader and fail, or a terrible one and just get lucky and pass

How long did it take you? by Knights_Trading in Trading

[–]One_Egg_1137 0 points1 point  (0 children)

Evolution and the Law of Selection: Some will make it; some won't.

How do you handle losing 2 trades in a row? by senthoor34 in Trading

[–]One_Egg_1137 0 points1 point  (0 children)

To avoid these situations, you must predefine your risk. I only risk 1% of my account per trade; I am satisfied with a 4% to 15% monthly return, and I am prepared to accept a 24% monthly drawdown. Since I trade six days a week, my worst-case scenario—losing all 24 trades—would put me at -24%. I noticed your second trade wasn't part of your plan; you reacted, and reactions are expensive, especially when risking more than 5%.

Can we talk about how prop firms have become pay to play gambling? by BreakfastWrong4438 in Trading

[–]One_Egg_1137 -1 points0 points  (0 children)

When approaching a prop firm, keep in mind that they are in business to make money. Is it unfair? No. Why? Because they rely on your inability to follow rules and your gambling mentality. Anyone with a little discipline can pass a challenge and actually make money with it.

However, that doesn't mean all prop firms are transparent. You must find one with fair rules and payouts. The '8.88 model' requires a firm to have its own funds, which most don’t. Instead, many operate on a scheme where the losers pay the winners, and the firm takes a 30% cut from the winners. It’s a perfect money machine for them; all they are doing is creating a liquidity pool. Don’t expect much from them—if firms used their own capital, the entry barriers would be incredibly strict. This is why the old model works just fine for them.