January Trading Recap | PnL: +$31,777 | $12,369 in Payouts — Transcript

Full transcript

1. 0:00All right, what's up? It's Thrax Trades.
2. 0:02We are back for another video. In this
3. 0:04video, I'm going to be doing a monthly
4. 0:06recap of January. I'm going to talk
5. 0:08about what we did well, what we did
6. 0:12wrong, and what we're going to do
7. 0:14heading into next month to hopefully
8. 0:16make next month a better month than we
9. 0:18had this month. Um, but just to get the
10. 0:20numbers out of the way in the beginning,
11. 0:23this is the calendar for the main
12. 0:25account I've been trading. It's
13. 0:27currently sitting at about a $20,500
14. 0:30balance on a 50K Express account. This
15. 0:33month, out of all of the trading days
16. 0:35that we had, I had two losing days. The
17. 0:38good thing is that I did keep them
18. 0:40relatively smaller than the winning
19. 0:42days, and we had an absolutely massive
20. 0:45week uh last week on this account. Just
21. 0:49a little bit of backstory. Um, when I
22. 0:52came into this month with trading at
23. 0:55least Topstep, I had about four funded
24. 0:59accounts with Topep. They all had about
25. 1:01like a I don't know $2 to $3,000
26. 1:04balance. And then in the very beginning
27. 1:06of the month, I actually went on tilt. I
28. 1:09tilted pretty hard. I think it might
29. 1:11have been on this somewhere in this
30. 1:14week. Uh, I basically blew all of my
31. 1:17accounts except for this one. Um, and
32. 1:20when I did that, I decided not to buy
33. 1:22any more accounts. Um, and just for the
34. 1:25meantime, go just with this account,
35. 1:27focus on only one account. Um, which is
36. 1:30different than what I usually do because
37. 1:32I'm usually focusing on like four, five,
38. 1:34six, sometimes eight funded accounts at
39. 1:37a time. And I don't really copy trade
40. 1:39them. Usually, I'm focusing all on all
41. 1:42these different accounts throughout the
42. 1:43week. Um, but I decided to take a step
43. 1:45back and only focus on one account. We
44. 1:47kept it pretty consistent this month.
45. 1:50From this month, I'll tell you about how
46. 1:52much I actually pulled in payouts and
47. 1:54then how much I spent in fees. So, for
48. 1:57this month, and this is really from one
49. 1:59account in terms of payouts um with
50. 2:01TopSep, I spent about $1,168.
51. 2:05I did end up blowing um those funded
52. 2:08accounts in the beginning and then after
53. 2:10that I kind of went on tilt and I was
54. 2:12just full porting some evals trading
55. 2:14silver and just got absolutely rinsed.
56. 2:17So we ended up giving Topstep about
57. 2:19$1,168.
58. 2:22But from this account I did pull uh
59. 2:25after the split I took about $12,369
60. 2:29in payouts this month from this account.
61. 2:31So that puts us at profit before taxes
62. 2:34about $11,21.
63. 2:37So not too bad of a month for uh a
64. 2:40singular 50k account basically.
65. 2:44Now this account also I have three days
66. 2:47done in this payout cycle. So next week
67. 2:51hopefully um starting off February I'll
68. 2:53take another $5,000 payout. Uh and then
69. 2:56after split it will be 4,500 bucks. So,
70. 2:59we're just going to try and basically
71. 3:01milk this account at this point. There
72. 3:03is no reason for us to continue trading
73. 3:05this account aggressively because the
74. 3:08max amount that you can actually take is
75. 3:10that $5,000 payout. I can make, you
76. 3:13know, 10, 20, 30 grand on this account
77. 3:15more. I can make more money, but it's
78. 3:17not going to really change anything.
79. 3:19We'll go over the stats a little bit.
80. 3:21This month in total on this account
81. 3:25there was about $31,777
82. 3:28in profit. I took over
83. 3:32I don't know 250 trades. Although this
84. 3:35is not necessarily that accurate because
85. 3:37it counts a trade when you're like
86. 3:39scaling in and out of micro contracts.
87. 3:41And I do trade micro contracts and I do
88. 3:43scale out and take partials and things
89. 3:46like that. So, we're at about a 68% win
90. 3:48rate with an average win to loss ratio
91. 3:51of 1.2. Basically, the profit factor is
92. 3:56a 2.6,
93. 3:57which is not bad, but the equity chart's
94. 4:00pretty nice. Some of these dips here
95. 4:02though are from when I was taking
96. 4:03payouts. But yeah, we had a pretty good
97. 4:06month on this account. I would say for
98. 4:08the most part, our analysis this month
99. 4:10was pretty good. And a lot of these
100. 4:14profits actually came from trading
101. 4:16silver uh during the Asia session. It
102. 4:18was just so volatile. There were so many
103. 4:20opportunities for us to actually make
104. 4:22money. So we ended up trading a lot of
105. 4:26silver Asia sessions making some profits
106. 4:28and then risking profits heading into
107. 4:30New York session with NASDAQ trying to
108. 4:33trade that. Then what ended up happening
109. 4:36so again in the beginning I blew a bunch
110. 4:38of funded accounts. Then what ended up
111. 4:40happening this past week here, the last
112. 4:43week of January, is I did pass two
113. 4:48funded accounts with Topstep, and I ran
114. 4:51them up to one of them was at like a
115. 4:53$6,000 balance, and the other one was at
116. 4:56a $4,800 balance, and they're brand new
117. 5:00uh on the first payout cycle. And then I
118. 5:02ended up like getting greedy. I was on a
119. 5:0513-day winning streak with silver and I
120. 5:09got greedy. I think this was on Tuesday
121. 5:11night. I ended up blowing those
122. 5:13accounts. So, that was pretty nasty
123. 5:15because that was basically I mean, one
124. 5:18of them was on their fourth day, one of
125. 5:20the other one was on the third day. So,
126. 5:22it was basically like $5,000 in payouts
127. 5:25that just disappeared. But that's
128. 5:27totally my fault, you know? Got
129. 5:29overconfident. I thought basically I was
130. 5:32the [ __ ] man. You know what I mean?
131. 5:34like I I was on a win streak. I got way
132. 5:36too overconfident. I was oversizing. I
133. 5:38was taking stupid trades. I just wasn't
134. 5:41really using proper risk management at
135. 5:43all. And so we ended up losing those
136. 5:44accounts. So that was a a good humbling
137. 5:47experience to say the very least. And
138. 5:49then I just ended up finishing out the
139. 5:51month on this account just trying to
140. 5:52milk more payouts. This is probably the
141. 5:55best that I've ever done on a single 50k
142. 5:59account or a single funded account.
143. 6:02Obviously, there's other times where,
144. 6:04you know, I'm trading multiple accounts
145. 6:05and, you know, if you were to add up all
146. 6:08the profits, they would, you know, look
147. 6:10pretty good, too. But as far as it goes
148. 6:12for a single XFA account, we did all
149. 6:15right. We did pretty good. And now we
150. 6:18got an account where we can basically uh
151. 6:20milk those $150, $200 days and just pull
152. 6:24payouts from it. So, as long as I don't
153. 6:27tilt away $20,000, which
154. 6:32if I do, that's actually crazy of me and
155. 6:34I'd probably cry. But as long as I don't
156. 6:38tilt this away, I think we should be
157. 6:40okay heading into next month to start
158. 6:42out. So, we're not net negative uh by
159. 6:45buying challenges. I don't really think
160. 6:47they're going to move me to live. If
161. 6:49they were going to move me to live, they
162. 6:51would have done it on the fifth payout,
163. 6:52which was last week, but they didn't do
164. 6:55it, so I'm fine with that. I don't
165. 6:57really want to be in their live account.
166. 6:58I don't find a benefit for it
167. 7:00whatsoever. We'll continue to stay in
168. 7:02these SIMF funded accounts and just try
169. 7:05and rack up more accounts again uh and
170. 7:07more payouts. But what I am going to do
171. 7:10heading into next month is I'm going to
172. 7:12start trading with other firms, uh, and
173. 7:15start slowly stepping away from Topstep.
174. 7:18And I have a plan for that and I'll go
175. 7:19over that in a second. But this does
176. 7:22mark like the eighth or nine month,
177. 7:24ninth month in a row where I'm net
178. 7:27positive with top step which is great.
179. 7:30So previously I used to basically spend
180. 7:33as much fees as I get in payouts or
181. 7:35spend more in fees than I get in payouts
182. 7:37and I was either break even or net
183. 7:40negative on the month with Topstep. But
184. 7:42over the past, you know, 8 to nine
185. 7:44months, I would say since 2025 in June,
186. 7:48we've been able to take out more in
187. 7:50payouts than what we pay in fees. And at
188. 7:52the end of the day, when you're trading
189. 7:54SIM prop firm accounts, that's really
190. 7:56all that matters. So, this month pretty
191. 7:59good. You know, over $11,000 before
192. 8:02taxes. We're starting off the next month
193. 8:05basically with a $5,000 payout or $4,500
194. 8:08after the split just immediately the
195. 8:10first week of February. And then I'm
196. 8:13going to be looking at copy trading and
197. 8:16getting more allocation with other
198. 8:18firms. And so I need to decide what
199. 8:21firms I'm going to be trading with. Now
200. 8:24there's a few firms I have in mind. And
201. 8:27the way that I actually figured out like
202. 8:29what firms I want to be trading with is
203. 8:32I'm using something called prop firm
204. 8:34match. So I'm actually going to show you
205. 8:35guys what prop firm match is because
206. 8:37it's pretty good. It's a great way to
207. 8:40basically compare accounts and rules
208. 8:43against each other to find out which
209. 8:45accounts are the best for you and the
210. 8:46way that you like to trade and the rules
211. 8:48that you like to trade. So, if the goal
212. 8:50is next month I need to basically build
213. 8:52up more accounts and try and make more
214. 8:55money from payouts, then the idea is I
215. 8:58need to trade with other prop firms. I
216. 9:00need to trade with new accounts and I
217. 9:02need to understand their rules. So, I'm
218. 9:04going to take you to look at prop firm
219. 9:06match just really quickly so you
220. 9:08understand what I'm looking at and how
221. 9:10I'm using it. So, this is proper match.
222. 9:13Um, I use this heading into next month
223. 9:16to basically figure out what firms and
224. 9:18what accounts I like to trade with. The
225. 9:20cool thing about profirm match is they
226. 9:22do allow you to basically compare
227. 9:24accounts, look at different challenges,
228. 9:27uh, basically see what the rules are
229. 9:28here, what type of draw down it is, the
230. 9:31max loss limit, um, and as well as
231. 9:34profit splits. So, it's a great way to
232. 9:36actually compare accounts against each
233. 9:38other and figure out what firms you want
234. 9:39to trade with. Because the goal for us
235. 9:41is with prop firms, we have this
236. 9:43opportunity where we can basically
237. 9:45leverage multiple accounts. I mean, I
238. 9:49can continue to trade this account, but
239. 9:50of course, due to the rules, you know,
240. 9:53I'm limited to a $5,000 payout every 5
241. 9:55days. Well, if you get more accounts, it
242. 9:58could be more than that, right? It could
243. 10:00be more profit than $5,000 payouts. And
244. 10:02that's kind of the goal. We want to
245. 10:04scale this. The only way to scale it is
246. 10:06by using more accounts and more prop
247. 10:08rooms. So, if you do want to check out
248. 10:10Proper Match, you can actually use the
249. 10:12link in the pinned comment down below
250. 10:15and go check it out. But as for me, next
251. 10:18month we're coming out, we're still on
252. 10:20decent a pretty decent win streak for
253. 10:22this account. But next month, the goal
254. 10:24really is to just work on evaluations,
255. 10:27get more allocation, and try and
256. 10:29continue our progress here with these
257. 10:32prop firm accounts to hopefully have a
258. 10:34bigger month next month. But that's
259. 10:35basically it. Just want to do a quick
260. 10:37overview of what happened this month.
261. 10:39Blew some accounts in the beginning.
262. 10:42Kept this account going strong. Ran up
263. 10:44some more accounts at the end of the
264. 10:45month. Ended up blowing them. Uh but
265. 10:47nonetheless, we kept this account and
266. 10:50next month we're going to be trying to
267. 10:51grow more funded accounts and copy trade
268. 10:54them together. If you guys want to watch
269. 10:56me trade, I do trade basically every day
270. 11:00or I try to trade every day live on
271. 11:02YouTube and in the Discord. That's about
272. 11:05it for this video. Just a quick recap
273. 11:07and a quick plan of what I'm going to be
274. 11:09doing next month. If you guys have any
275. 11:11questions, feel free to ask them in the
276. 11:12comment section below. I'm more than
277. 11:14happy to answer them. And I will catch
278. 11:16you guys next time I trade.