Never Blow a FUNDED Account

Lessons learned from trading a 6 figure funded account in 2022.

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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.

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[KimmelTrading]

One thing I would like to say is that it's even easier to catch up to people who gamble.
Because it will take them around 2 months to blow the account (for the profit split and then blowing it), and then let's say another 1 month to pass the challenge.
Boom, 3 months and you catch up to them. Stay consistent!

[whoaitstiger]

Remember, just because you have a stop and manage your risk, doesn't mean you have to be ok with taking mediocre trades. You should strive to take very good quality trades and absolutely maximise your chances.

[Hideyourjewelry]

I’m in Verification with FTMO, I use a simple strategy, its not easy and losses can definitely make you question your skill set. He is absolutely correct consistency is key. My dream is to trade full time while living abroad. When I pass I’ll be the happiest man on 🌎

[gentsla]

Risk management is key.
I don't set an rr target. I look for a price target. Hits the target I'm out.
I use 1% sometimes 2% if I am confident my analysis is solid but no more then that.

If my stops hit. I drop risk to half of origional risk.
So 0.5%.
If loose again. Half to 0.25 and so on untill I recover the losses.

Capital preservation is key.

This way. Logically.
If you have a streak of failed analysis. Then
With 1% initially. 0.5% next loss. 0.25% next loss.
Even with 3 trades being lost. Only 1.75% risk loss.
Very hard to break 2% drawn this way.
Then when the high rr trades to my price point do pan out(such as a 7 or 8r) at 0.25% it recoups the losses and I can trade with 1% again.

[ntokozomtshali]

This guy is the truth! Bro you are the truth, talking about ego while exhibiting none ?heavy. Gems galore

[pm]

Honestly, you are one of the very few that keep it real. Trading is not easy. It's even more difficult to share your struggles on the internet

[hamza]

These funded companies have horrendous statistics. Less than 1% of people can sustain an account.

[zafarhashmi]

The best risk management method I came up with was instead of risking a percent of your funded account, risk a percent of your Max DD amount. That way it is virtually impossible to lose the account due to max loss violation.

[jbucovetsky]

I appreciate the honesty, especially regarding your last point. As a FYI. I have multiple funded accounts and have been trading 0.25 since the beginning. While I never had 10 consecutive losses in a row, I have come close and my mindset would have suffered. Great video, and thanks for sharing.

[aoirelentless]

the last tip was on point! thanks! keep posting gems man!

[kylesandstrom]

I've earned funded accounts... and lost them as well. Your advice is spot on, it's definitely better longer term to hold onto your funded accounts than to trade aggressively to reach certain money goals. If you get a funded account, most likely you're in the 5% of traders who can do this. I think also the market goes in cycles and strategies tend to work in only certain periods so every trader will need to learn how to handle this.

[bananaapple]

One of the biggest problem is phase 1 when you are in drawdown then you only have 3 weeks when you need lowering your risk to take to be time will be longer but challenge only be given 30 days in phase 1

[Christian_]

I like this quote and i couldn't agree more.. " it's not the outcome that makes the trader.., it's the trader that makes the outcome.."

[alexfreire]

I am also thinking about starting a youtube channel about my trading journey (about to start my first funding challenge) and I've also though about how that will affect my psychology. I can understand how it will put more pressure on me, as making it public allows everyone to see not only your success, but your failures too.
For what you said, I can see it puts a lot of pressure on you too, but I just wanted to congratulate you on your progress and let you know that us (fellow traders) are rooting for you and want to see you succeed as much as we want to succeed ourselves, and that no one is here to judge you, but only to learn from your experience and advice.
Hope you have a great week and can catch a lot of pips :)

[newgoldjourney]

You spit facts. I failed one challenge already on MFF because I ignored risk management and my head wasn't in the right space. Luckily, I was still in profit so I got a free reset. This time around, risk management and trading psychology are the most important parts of every trade. I barely even care about the $$ anymore.

[mannyox]

Thank you Kimmel I agree with you, in my first month of trading my funded account my risk per trade is 0.2%, I scaled it down to 0.1% when my account balance went down to -0.4%

[eennisbillada]

Yes, its better to manage the risk rather than blow your account, become consistent profitable first...and good things will follow.

[johnjones]

I trade futures but This video....I think has helped me. I'm stuck in a loop.

[nellischein]

THank you! I just get funded nd suddenly its not the same like in the challenges. I lost already 5% of my 10% total drawdown.

[phillipkleopas]

Risk low and take many challengers to have a big capital.

Take a new challenger after every payout