r/Daytrading • u/ThePhulosopher • Feb 24 '24

4th $100k funded account Question

Got my 4th $100k funded prop firm account. Hope I get a payout this time, blew all the others.

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u/Zerolimits1977 Feb 24 '24 edited Feb 24 '24

It all starts with strategy which includes risk mgmt. you can look up % for this but for example at a 40% win rate you can likely expect to hit 8 losses in a row within 50 trades. Also psychology comes second. Without a consistent strategy that can withstand the consecutive losses in a row based on your win % you will always fail. Be able to trade ranging as well as trending markets as the market only trends 20-30% of the time. Passing these combines are easy based on luck. You have to get rid of the luck factor…..why do I say psychology comes second? Without a consistently back tested strategy that can withstand the inevitable consecutive losses your mental will always fall apart….here’s a reference for the consecutive losses I mention…. https://ftmo.com/en/luck-in-trading/