How I made $5k this week as Funded Trader (NO BS)

Summary

In this video, the speaker shares their journey through trading, offering insights on their strategies and recent experiences. They discuss managing trades, using higher timeframes to reduce noise, and their approach to stop losses. The speaker also reflects on their first experience mentoring a student and the challenges of balancing teaching with trading. They showcase a recent payout from Alpha Capital Group, emphasizing the importance of volume in trading and reinvesting profits into evaluations. The speaker invites feedback from viewers and promises more content on their trading journey.

Takeaways

• 😀 The speaker highlights the importance of staying on higher time frames when executing trades to avoid the noise of lower time frames.
• 😀 The speaker is not a mentor by title, but has agreed to teach a student who insisted on learning from them despite the speaker being relatively new to profitability.
• 😀 After a trading session, the speaker mentions a $600 payout from one account and a $1,000 loss on a larger evaluation account.
• 😀 The speaker stresses the idea that trading is a volume game and that payouts, while not life-changing, can be reinvested to increase the number of evaluations and growth potential.
• 😀 The speaker received a payout from Alpha Capital Group in just two days, which they consider a reliable company.
• 😀 They emphasize that the goal is not to chase instant wealth from payouts, but rather to use the earnings to fund additional evaluations.
• 😀 The speaker mentions they are currently managing three evaluation accounts and plans to buy two more, with the aim to pass at least one.
• 😀 The payout certificate is shown as a source of pride, and the speaker encourages others to acknowledge their progress.
• 😀 The speaker invites feedback from viewers to improve their video content, asking for thoughts on how they could do better or if they should focus more on trading topics.
• 😀 At the end of the video, the speaker encourages viewers to subscribe and activate notifications to stay updated with future content.

Q & A

What is the trader's approach to handling different time frames while trading?

The trader emphasizes staying on higher time frames once trades are executed. He believes that lower time frames are filled with noise, which can distract from the broader trends and can be less useful for making long-term decisions.

What does the trader mean when he says, 'I'm not a guru, I'm not a mentor'?

The trader is being humble, acknowledging that while he has recently become profitable, he doesn't consider himself an expert or a full-fledged mentor. However, he is open to teaching and helping others, as demonstrated by his first-ever student who reached out for mentorship.

Why did the trader choose to teach his first student despite only being 'recently profitable'?

The trader chose to teach his student because the student was genuinely insistent on learning from him. Despite not considering himself a seasoned expert, the trader thought it would be a fun side project and a way to help someone who was eager to learn.

What happened with the trader's funded accounts and drawdown?

The trader faced a drawdown of $4K on one of his live funded accounts. He managed to recover a portion of that by trailing his stop loss and exiting for a $600 profit on another account. Despite the losses, the trader is focused on the bigger picture.

How does the trader feel about his payout from Alpha Capital Group?

The trader is pleased with the payout process from Alpha Capital Group, noting that it was quick and efficient, taking only two days. He mentions that he's never had an issue with the platform, expressing satisfaction with their services.

What is the trader's strategy for reinvesting his payouts?

Instead of spending his payouts, the trader reinvests them into more trading evaluations. This approach allows him to scale his operations by having multiple evaluations running, increasing his chances of success.

Why does the trader describe trading as a 'volume game'?

The trader refers to trading as a 'volume game' because the more evaluations you have, the better your chances of success. Even though individual payouts may not be life-changing, having multiple evaluations allows him to pass challenges and earn payouts more consistently.

How does the trader manage risk when dealing with multiple evaluations?

The trader seems to manage risk by diversifying his investments across several evaluations. By having multiple evaluations, he increases his chances of passing at least one, and he plans to use any additional payouts to fund further evaluations, creating a cycle of reinvestment.

What did the trader mean by the statement, 'I want someone to be proud of me'?

The trader likely expressed a desire for external validation and recognition. By sharing his payout certificate, he is seeking acknowledgment of his hard work and achievements in the trading community, and possibly hoping to inspire others as well.

What does the trader hope to achieve with future videos and audience engagement?

The trader hopes to improve his content and build a more engaged audience. He encourages feedback from viewers about his videos, asking for insights on how he can improve his content, what topics they want him to cover, and how he can provide more value to them.