Ex-FTMO Coach Reveals the 7-Figure Trader Blueprint

Summary

In this video, a seasoned trader shares a step-by-step blueprint for scaling from smaller trading accounts to seven figures. The process begins with securing a $100,000 funded account from a prop firm and then diversifying across multiple firms for added security. As traders advance, they are encouraged to use profits to fund personal accounts, practice capital partitioning, and develop a proven track record. Ultimately, the goal is to secure private investment and institutional funding, enabling traders to manage larger portfolios and scale further. The key to success lies in sticking to a solid trading plan and managing mindset through the journey.

Takeaways

• 😀 Developing a clear blueprint is crucial for traders aiming to scale to seven figures in funding and payouts.
• 😀 Traders should focus on getting funded by a prop firm, with $100,000 as the first milestone, rather than using personal capital.
• 😀 Consistently executing a trading plan with the right mindset is essential for passing a funding challenge and sustaining profitability.
• 😀 Diversifying funding by securing multiple accounts from different prop firms helps reduce risks and grow capital more reliably.
• 😀 It's important to research and select reputable prop firms to mitigate the risk of losing large funding amounts if a firm goes under.
• 😀 After securing seven figures in funding, traders should focus on generating significant payouts and using those to fund personal accounts.
• 😀 Capital partitioning with personal accounts allows traders to scale more quickly by using leverage without daily drawdown limits.
• 😀 A proven track record built over 12 months of consistent performance can help traders secure private investment from wealthy individuals.
• 😀 Institutional funding, such as from hedge funds, can be accessed by traders who have a proven return and are willing to scale further.
• 😀 Maintaining discipline with risk management, drawdown protocols, and a solid trading plan is key to sustaining growth and scaling to larger amounts of capital.

Q & A

What is the first goal every trader should aim for?

The first goal every trader should aim for is to get funded with a prop firm, specifically by securing a $100,000 account. This is the initial step in scaling up to seven figures in funding.

Why is it inefficient for traders to use personal capital to fund their trading accounts?

Using personal capital to fund trading accounts is inefficient because it requires hard work from a full-time or part-time job, and the process of scaling to seven figures with personal capital would take multiple lifetimes. Leveraging external funds through prop firms is a more efficient path.

How can a trader avoid losing all their funding if a prop firm goes under?

To avoid losing all their funding, traders should diversify their investments across multiple prop firms. By securing funding from at least three different firms, traders reduce the risk of losing all their capital in one instance if one firm goes under.

What are the next steps after achieving $100,000 in funding from a prop firm?

After securing $100,000 in funding, the next goal is to diversify by obtaining additional accounts from other prop firms. This helps to achieve a total of six to seven figures in funding by working with multiple firms.

What should traders focus on after reaching seven figures in funding?

After reaching seven figures in funding, traders should focus on achieving consistent payouts. The next goal is to secure significant payouts, such as a $10,000 payout or a six-figure payout, and use those payouts to fund personal trading accounts for further diversification.

What is capital partitioning, and how does it help traders scale their capital?

Capital partitioning refers to allocating a portion of a personal trading account to leverage larger positions without violating drawdown limits. This allows traders to scale their trading by using less initial capital while maintaining higher exposure, potentially increasing their return on investment.

How can traders leverage payouts from prop firms for personal trading accounts?

Traders can leverage payouts from prop firms to fund personal trading accounts. This allows for further diversification, the development of a track record, and the ability to trade with higher leverage, making it an efficient strategy for scaling up capital.

What is the importance of building a proven track record in trading?

Building a proven track record is crucial because it provides evidence of consistent performance, which can be used to secure private investments and institutional funding. A strong track record attracts investors who are willing to provide larger amounts of capital.

How can traders move beyond prop firm funding and access private investments or institutional funding?

After building a proven track record with prop firm funding, traders can seek private investments by pitching themselves to wealthy investors who value performance. As their track record grows, they can also attract institutional funding from hedge funds and investment firms, gaining access to larger sums of capital.

What role does mindset play in scaling up as a trader?

Mindset is key to successfully scaling up as a trader. A trader's ability to manage their psychology, particularly as they move from smaller amounts of capital to larger ones, is essential. Developing the right mindset helps traders handle the added pressure and challenges that come with trading seven to eight figures in capital.