To be fair, prop firms are having issues with Forex because the major platform is banning US clients now. So now I'm testing into a Futures trading firm. 100k account size testing is going well I'm almost 1/3 to the profit target.

However I only pay 40 bucks to take test. Once I pass there'll be like a 220 activation fee. First payout you can withdraw a max of 2500. I say this to mention risk/reward. I'm investing very little to make a potential ton.

It's odd I just up and jump from Forex to Futures overnight however I already had a working system trading forex and I just trade the same similar instrument over on the Futures side. You need a working system and you need to size down.

One thing that started working for me when i was trading in the stock market was to make the switch to CASH account. It really does force your risk management skills because you start to divide your size up especially trading actual shares. Even if you still want to trade options, they settle overnight and you can trade options daily!

You do any good today?

@darrellwayne13 I'm funded a small 5k account with my prop firm. I'm on a 4 day win streak. But that's not as important as the fact that I'm using small size like 1/10 size because I got very close to getting kicked out due to risk parameters. So I'm using small size to get back a cushion and regain confidence.

@darrellwayne13 Update: Just snapped my 5* day win streak. (Forex trades a little differently than regular markets so my days start sooner) I managed to give back about 3/4th of the profit I made the day before. I'm technically still up and I could lose tomorrow too.. however it's all a number's game man, I'll still be green to close the week from that green streak I had. It's really all about preserving the ratios and risk/reward. Then it's on to the next week, next month, etc.

It's honestly becoming pretty robotic for me and this is how I want it. I trade the same pair every day as well. EUR/USD for more than a year. Benefits are my chart and all the key levels are already mapped out ahead of time. It helps to take the emotions and randomness out of it too... I really hope this helps your mindset as well hearing this. Good luck out there!

May I ask what exactly has been frustrating for you lately? Is it frustration with your own trading or otherwise?

I found myself in the hole with tons of debt throwing money at options contracts losing for years. I didn't start to find success until last year when I switched to prop firm trading Forex. There's no chance you lose 80% of your account because they don't let you go past the 10% loss mark and some 5%. This enforces discipline whether you like it or not!

I say all of that to say that I had to inevitably break all of this down and learn my edge and I had to do it fast or I would just keep having to reapply for prop firm challenges which COSTS. I had many brainstorming sessions lasting several hours, mostly without food, racking my brains with this stuff to figure out a consistent edge. You also need to know your best time to trade and have a cutoff window.

I'm really glad I could catch you during this weekend before Monday rolls around and you lose even more. This February can go really interesting or it can go really badly depending on the trader. I hope you taper off that remaining 2k slowly and learn to gradually grow it. It's not about any 1 day of trading. It's about making it month over month. Try to take that 2k and ONLY make or lose around 20-50 bucks a day for a while to gain skill and confidence. Do you want to survive February?

That's what it ultimately becomes a question of... you're going to need those survival skills. I really hope that I could be of help to you. Us traders need to stick together because this is so hard as it is. If you need anything or would like a question answered then feel free to reach out. Happy trading and good luck out there!

A couple of tips I see. You trade all day. Learn your time of day you do well at (first half hour to 1 hour of open works for me) Also you're overtrading. Try to focus on one good setup for the day, maybe 2. Don't chase a play because it's moving. Weigh all of the running stocks and pick one or 2 solid choices for the day.

Also before you buy, ask yourself "Am I possibly buying too high" Does this even look like it has more room to run or am I chasing when the move is pretty much already done. Utilize past resistance areas on the longer term chart. If a chart doesn't even have a solid resistance level in the past then that means the stock is "choppy". Other traders like myself see there is no real defined resistance either and it'll hinder them from wanting to buy. This is all a psychological game. Learn how the o

other traders think and you'll do fine. Good luck!

@Tunde1306 Thank you for the advice. It is all true and things I need to do to get better.

hmm...video failed...3Q earnings report Mar 30.. almost 340M shares changing haaands...whats in the news?

I don't trust it. I seen what happened friday but I also remember what happened like a month ago when all shipper stocks randomly started pumping one morning and within 2 hours they all dumped from green to red into new all time lows. Be careful.

He mainly ragged on the whole free commission thesis being a poor excuse to screw over the customers. What Tim hasn't done is revise his statement about free commissions brokers since literally most and probable eventually all brokers are going the free commission route. I wonder if Tim still feels the same way now. But yes essentially Robinhood specifically is the worst, I agree.

I agree Robinhood is trash and I left them when they had outages before and refused to reimburse me but I think you need to revisit your thesis on free commissions brokers now that literally all of them are now going the free route. You can sh it on Robinhood but don't use the free service as a way to throw jabs.