May Monthly Recap | The Streak is Over (I GOT COOKED) — Transcript

Full transcript

1. 0:00All right, what's up? It's Thrax. We are
2. 0:01back for a monthly recap that I really
3. 0:04kind of don't want to do, but I got to
4. 0:06do it anyways. This month is probably or
5. 0:09it is the worst month that I've had in
6. 0:12basically like over a year. It was a
7. 0:14little chaotic. There was kind of
8. 0:15different things I was doing, but it was
9. 0:17so bad to the point where this month is
10. 0:20actually the first month in over a year
11. 0:23where I actually didn't even pull a
12. 0:24single payout, which is
13. 0:27kind of embarrassing to be completely
14. 0:29honest. And I'm going to talk about the
15. 0:31numbers and kind of what happened and
16. 0:33how tilt began to essentially compound
17. 0:37on itself and frustration began to
18. 0:40compound on itself to the point where we
19. 0:42get the result of this month and now
20. 0:45where we're currently sitting. And then
21. 0:46we're going to talk about how we kind of
22. 0:49approach this drawdown period to then
23. 0:52pull ourselves out of it heading into
24. 0:54June so that we don't mess up the rest
25. 0:56of the year or the quarter or whatever.
26. 0:58I mean, a bad month sometimes they
27. 1:00happen. Execution lacks, you know,
28. 1:03you're kind of off your game. I'm not
29. 1:04perfect and it's important to actually
30. 1:07make a video about why something like
31. 1:09this might actually happen and then how
32. 1:11I can actually adjust moving forward to
33. 1:14pull myself out of a a drawdown period
34. 1:16because I think it's important. A lot of
35. 1:18traders actually go through a drawdown
36. 1:19period. Unless you're just a beast and
37. 1:21you just never lose and you're just
38. 1:23always winning, then that's great. But
39. 1:25for me, I guess this is uh
40. 1:27the worst month and there is a few
41. 1:29reasons for it. And they're not excuses
42. 1:31when I talk about it. I just I really
43. 1:33wasn't on top of what I was doing this
44. 1:34month. I was a bit distracted. It was a
45. 1:36bit chaotic. And so, we're going to
46. 1:38start off by talking about the numbers.
47. 1:40Now, let's take a quick break to tell
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68. 2:19get back into the video. So, this month
69. 2:21I brought like one or two funded
70. 2:23accounts into the month of May from
71. 2:25April, which if you go watch the last
72. 2:27recap in April, I was net positive, but
73. 2:31it was actually a really bad month.
74. 2:33Um I was net positive only like $800,
75. 2:36which realistically is basically a
76. 2:38break-even month. And there was a lot of
77. 2:40frustration that was being built up
78. 2:42through the month of April that
79. 2:43unfortunately I kind of brought into the
80. 2:45beginning of May. When we came into the
81. 2:48month of May, I had maybe one or two
82. 2:50funded accounts that I ended up blowing
83. 2:52like the very first week of May. I go
84. 2:55and I try and buy like evals, and I
85. 2:58ended up in total this month buying 16
86. 3:01challenges or 16 evals, and I only
87. 3:03passed six accounts, meaning that my
88. 3:06pass rate for this month was very low to
89. 3:08what typically is. It was 37.5%,
90. 3:12so from purchase to pass, 37.5%
91. 3:15of evals that I purchased, I actually
92. 3:17passed them. That is pretty bad. Um
93. 3:21typically when I'm on top of my
94. 3:22execution or when I'm really doing what
95. 3:25I need to do, my pass rate will usually
96. 3:27float around 50 to 60% on any given
97. 3:30month. So, last month it was pretty low.
98. 3:32It was also in the mid 30%s, and this
99. 3:35month it was pretty low. It was in the
100. 3:37mid 30%s. So, in the beginning of the
101. 3:39month, right, I blow my funded accounts
102. 3:42that I brought in from the month of
103. 3:44April, and then it puts me in a position
104. 3:46where now I have to spend money to then
105. 3:49put myself in the hole initially to then
106. 3:51try and get payouts and climb out of it.
107. 3:53Now, what ended up happening is I kind
108. 3:54of tilted that first week of May or I
109. 3:56allowed that frustration from April and
110. 4:00the beginning of May when I blew those
111. 4:02accounts to kind of compound on itself
112. 4:04and it resulted in me buying like a
113. 4:07bunch of evals, blowing them. I passed
114. 4:10like three of them in the beginning of
115. 4:11the month and then I blew those funded
116. 4:14accounts and then I kind of just stopped
117. 4:17trading prop firms for a week. And what
118. 4:19I ended up doing is I ended up just like
119. 4:23trying to trade the monthly futures
120. 4:26competition for the World Cup or for the
121. 4:29Robin's Cup. And the way that that works
122. 4:31is you basically just put $500 into a
123. 4:33live account with the Robin's Cup and
124. 4:35then you trade it and then whoever has
125. 4:37the most returns is going to win, right?
126. 4:39So, I basically spent the entire second
127. 4:41week. At this point heading into the
128. 4:43second week, I was down like $1,000
129. 4:46basically from purchasing accounts, from
130. 4:48passing a couple, but ultimately blowing
131. 4:51all of them. And so, I go and I just say
132. 4:53like, "Okay, well, I'm going to do this
133. 4:54monthly May competition for the Robin's
134. 4:57Cup. I'm going to try and win a trophy."
135. 4:58I take the 500 bucks. I spend like a
136. 5:00week working on it. I was literally only
137. 5:03trading that account. I bring it up to
138. 5:05like $700 or something. So, I was
139. 5:07sitting around like 40% returns. At the
140. 5:09time I couldn't see the other
141. 5:11competitors that were in the um
142. 5:13competition. So, I understood or the way
143. 5:16that I thought about it was if I could
144. 5:17just turn the 500 into 1,000, then I'd
145. 5:20pretty much lock in a win for the
146. 5:22Robin's Cup for the May for the month of
147. 5:24May. And then I was trying to get this
148. 5:26trophy. Realistically, like that was it
149. 5:28was just a whole like ego thing, you
150. 5:30know, like I was I blew accounts. I
151. 5:32wanted to, you know, make myself feel
152. 5:34better, I guess. So, I'm trading this
153. 5:35competition that really at the end of
154. 5:36the day doesn't matter that much. And
155. 5:38I'm trading a small account with 500
156. 5:40bucks. And the purpose of that at the
157. 5:42end of the day is really not even to
158. 5:43make money. It's just to kind of get on
159. 5:45a leaderboard and win a trophy, which
160. 5:47was kind of stupid. I wasted a week
161. 5:49doing that. I got it up to 40% returns.
162. 5:52I ended up trying to push it to 100%
163. 5:54returns and then lost all of my profits
164. 5:56plus a little bit of my initial
165. 5:58investment. So, my account went down to
166. 6:00like just under 400 bucks, which I
167. 6:03started with 500. And then I just
168. 6:05thought to myself, this is a waste of
169. 6:06time. I took out the remaining balance
170. 6:09from that account and then I ended up
171. 6:11going to trade my own live account. So,
172. 6:14then following this competition after I
173. 6:16kind of lose my profits and I'm like,
174. 6:18well, there goes that. I take $2,000. I
175. 6:21throw it into my own live account with,
176. 6:23you know, my own broker. And I spend
177. 6:25like another half of a week or a week of
178. 6:28this month trading that account. And I
179. 6:31actually took the 2,000 and within like
180. 6:34a few days I built it up to $4,000.
181. 6:37And what I ended up doing was I pulled
182. 6:39out the initial investment and I tried
183. 6:41to take the $2,000
184. 6:44and then full port the profits that I
185. 6:47made and try and get it to like 10K
186. 6:49pretty quickly. And of course, you know,
187. 6:51that didn't work out. I trade my my live
188. 6:54broker that I trade with is AMP Futures.
189. 6:56So, they allow $300 margins on mini
190. 7:00contracts for NQ, which is insane. So,
191. 7:03when I had $2,000 in the account or it
192. 7:06was a little bit more than that, it was
193. 7:07like 2,100. I basically sat there,
194. 7:09waited for a setup, and the opportunity
195. 7:12that I saw I tried to go five minis.
196. 7:15Now, that trade, which is super
197. 7:18degenerate behavior and I'm doing all of
198. 7:21this and it's really not making a lot of
199. 7:23sense of why I'm doing any of this
200. 7:24stuff. I'm not focusing on prop firms.
201. 7:27I'm like trading this competition
202. 7:28account. I lose the competition
203. 7:30basically. I then go to my own live
204. 7:32account. I actually make profits on it.
205. 7:35I turn 2K to 4K, take the 2K profits.
206. 7:39I'm trying to just full port the 2K
207. 7:41profits to build this live account. And
208. 7:43I ended up just blowing the 2K balance
209. 7:45in one trade. I went like five minis. It
210. 7:48just went the opposite direction like 90
211. 7:50ticks. And then my broker liquidated me
212. 7:53because I didn't have enough margin for
213. 7:54the trade anymore, right? At that point
214. 7:56we're like we're we're basically two and
215. 7:59a half weeks into May. At that point I'm
216. 8:01down with the prop firms like a thousand
217. 8:03dollars. I [ __ ] up this
218. 8:06uh monthly competition account. I [ __ ]
219. 8:09up the profits from the live account.
220. 8:11And then I'm thinking to myself like
221. 8:12what am I doing, you know? Like I should
222. 8:13just go back and trade evals. I need to
223. 8:16make sure that I'm net positive on the
224. 8:17month with the evals and the prop firms.
225. 8:20And so this is right around the time
226. 8:23that Alpha Futures then goes and
227. 8:26releases their new platform which is the
228. 8:29Alpha Trader platform. And they also run
229. 8:31a deal. It was like 50% off. So I go and
230. 8:34I purchase like like four or five
231. 8:36different evals, okay? And I spend like
232. 8:38another 500 bucks basically purchasing
233. 8:41these evals. Now because of that I now
234. 8:44have all these evals and I need to trade
235. 8:46them to then obviously get to the funded
236. 8:48stage and then try and pull payouts from
237. 8:51those accounts. But what ends up
238. 8:52happening is there was a lot of issues.
239. 8:55I mean it's a new platform so there's
240. 8:56bugs, but the problem was is that it was
241. 8:58actually kind of unusable. So now I
242. 9:01purchased all these evals and for like a
243. 9:03full week I can't even really trade
244. 9:06them. They're throwing me into random
245. 9:07positions. I'm having to deal with like
246. 9:10trying to get my account reset because
247. 9:11it's taking ghost trades or trades that
248. 9:14like I never actually took in the first
249. 9:16place. The platform is literally just
250. 9:17taking trades on its own. Um which if
251. 9:20you use that platform, you know exactly
252. 9:22what I'm talking about. It's just like
253. 9:24throwing limit orders up and then it'll
254. 9:25just like put you into a trade without
255. 9:28you knowing. So now I got all these
256. 9:30evals that I can't trade. And so I go
257. 9:32and I start purchasing even more
258. 9:34accounts with Lucid. I bought like three
259. 9:36more accounts. I spent like another 300
260. 9:39bucks or whatever. And I blew a couple
261. 9:41of them and then I passed one. So, right
262. 9:43now I have a Lucid account. It's funded.
263. 9:45It has like a $1,000 balance on it or
264. 9:48whatever. So, now I'm in this weird
265. 9:49position where, you know, I have these
266. 9:51evals. I paid for them. I can't really
267. 9:53trade them. But fortunately, you know,
268. 9:56heading into like the end of the month,
269. 9:58I was able to actually trade them a
270. 9:59little bit with Alpha Futures. So, I
271. 10:02ended up passing a 50k with Alpha
272. 10:04Futures. I ended up passing a 25k as
273. 10:06well. So, currently right now, I have an
274. 10:10Alpha Futures account with like a $2,600
275. 10:12balance in it that's funded. I have a
276. 10:1425k account with Alpha Futures that I
277. 10:16haven't even really traded yet because
278. 10:18I'm kind of scared to trade on that
279. 10:20platform. And I have this Lucid account
280. 10:22where it has like a $1,000 balance in
281. 10:25it. So, in terms of funded accounts, I
282. 10:27have them now, but it's just like it
283. 10:30just made it so it was it just ended up
284. 10:32being like a terrible month for me.
285. 10:35And it's really not an excuse cuz I
286. 10:37tilted in the beginning. I spent time
287. 10:39like doing stupid degenerate stuff or
288. 10:42doing things just out of ego that really
289. 10:43didn't make any sense like for 2 weeks
290. 10:46of the month trading live accounts and
291. 10:48not even trading prop firms. And then I
292. 10:50tried to then begin to trade prop firms
293. 10:53again at the very end of the month. So,
294. 10:55with that being said, well, now I didn't
295. 10:58pull a payout this month and I'm down
296. 11:00$1,943.
297. 11:03This is the number right here. I'm down
298. 11:06$1,943
299. 11:08with no payouts, which is terrible. This
300. 11:11is the first net negative month that
301. 11:13I've had in a very long time with the
302. 11:15firms. April wasn't a good month.
303. 11:17Heading into May, I kind of let that
304. 11:19compound on itself, the frustration and
305. 11:22tilt, and it caused me to kind of do
306. 11:24stupid things, get distracted, execution
307. 11:27began to lack, and I ended up having a
308. 11:29terrible month in May. Towards the
309. 11:32second week of May, once I kind of blew
310. 11:34that those profits from my live account
311. 11:37where I was trying to just full port
312. 11:38them, I had to size down. So, I sized
313. 11:41down dramatically. I kind of took a step
314. 11:44back because I realized what was
315. 11:45happening that I was spiraling kind of
316. 11:48out of control for a second. Not out of
317. 11:50control, but it it wasn't a good um
318. 11:54it wasn't a good situation to be in. So,
319. 11:57I'm spiraling and it's getting worse.
320. 11:59So, because of that, in a situation like
321. 12:01that, you don't necessarily hit the gas
322. 12:03and then like use the same size or buy
323. 12:06more e-vals or get more aggressive. I
324. 12:09have to lay off a little bit. So, I
325. 12:11ended up trading like two or three
326. 12:13micros um the rest of the the month and
327. 12:18I'm still trading small size because I'm
328. 12:20focusing on getting my execution quality
329. 12:23back. I have these three funded accounts
330. 12:25heading into June and I also have all
331. 12:28those e-vals, which there's like three
332. 12:30e-vals sitting in Alpha Futures right
333. 12:33now that I really haven't been able to
334. 12:35trade. So, in terms of preparing myself
335. 12:38for June, I do need to focus on kind of
336. 12:41getting back into the swing of things
337. 12:42because yeah, this month is really
338. 12:44disappointing and there's nothing
339. 12:46there's no excuses. It was totally my
340. 12:48fault. It was a little chaotic. There
341. 12:50were some things that happened, but at
342. 12:51the end of the day like it's not an
343. 12:53excuse. Yeah, we're we're net red for
344. 12:56the month. It stings. It hurts, but it's
345. 12:59all right. You know, we'll just bounce
346. 13:01back in June. We have three funded
347. 13:03accounts. Two of them have a small
348. 13:05balance on them. One of them I haven't
349. 13:07really touched. I have three e-vals. So,
350. 13:09we can head into the month of June
351. 13:12without really purchasing any accounts,
352. 13:14which is kind of the goal and then we
353. 13:16can focus on just pulling a payout. So,
354. 13:18then in that sense, I can at least be in
355. 13:21profit the start of the month if I pull
356. 13:24those payouts and then manage the bank
357. 13:26roll accordingly, you know, making sure
358. 13:29I don't go net negative and then also
359. 13:31being able to scale. So, I think the
360. 13:33month of June is going to be a little
361. 13:34bit better or I I know it's going to be
362. 13:36better. It's just
363. 13:38uh I really just kind of [ __ ] it up
364. 13:40this month. Just being an idiot. Yeah,
365. 13:43not good. I hope I hope when I was
366. 13:45explaining that I don't want this to
367. 13:46like come off in the sense that like I'm
368. 13:49making excuses because honestly I just
369. 13:51was acting like an idiot. Was acting
370. 13:53like an idiot. I was getting distracted,
371. 13:55focusing on things that didn't matter,
372. 13:57and I let my execution slip and I got
373. 14:00kind of loose with it. We're sizing
374. 14:02down. We're getting back to focusing on
375. 14:04execution, and we're going to get back
376. 14:07into the swing of things for June. Price
377. 14:09action this month was actually pretty
378. 14:11good. Price action had nothing to do any
379. 14:14There's no excuse for the reason why I
380. 14:17blew my accounts. I was just being a
381. 14:19degenerate. Yeah, kind of sucks. I
382. 14:20really don't I really didn't want to
383. 14:22make this video, but like this is an
384. 14:24important month because this month is
385. 14:26the month where I kind of ended a net
386. 14:28positive streak with firms. So, I
387. 14:31obviously have to talk about it. But,
388. 14:33I'm not too disappointed. I mean, so far
389. 14:36this year, right, we've pulled about a
390. 14:38little over $49,000 in payouts. Last
391. 14:41month and this month have been a little
392. 14:42difficult, but January, February, March
393. 14:45were okay. We can still turn things
394. 14:47around to the point where we can get to
395. 14:49six figures in terms of payouts by the
396. 14:51end of the year, which is kind of just
397. 14:52what the goal is. So, I just can't let
398. 14:55months like this or the month prior to
399. 14:58this in April where I was basically
400. 15:00break even essentially compound
401. 15:03frustration and tilt to the point where
402. 15:05I ruin multiple months, right? I mean,
403. 15:08having a bad month is one thing. It is
404. 15:10what it is.
405. 15:11I can't allow it to affect the rest of
406. 15:13my year, especially since it's like
407. 15:15$1,900, right? So, it's not a big deal,
408. 15:20but it is disappointing. It is
409. 15:22frustrating, But, we got to set that in
410. 15:24the past. We got to focus on moving
411. 15:26forward in the future and getting back
412. 15:28to actually trading properly, not being
413. 15:31a degenerate, not worrying about
414. 15:33competitions or like ego-related things,
415. 15:36and just focus on the quality of
416. 15:39execution. And for the time being, I
417. 15:41need to size down because my execution
418. 15:44is lacking. So, I don't have the right
419. 15:47to use normal size or use what use the
420. 15:50size I typically use. And I'm definitely
421. 15:52not going to be copy trading. So, we're
422. 15:53just going to be trading small micros,
423. 15:56two or three individually on each of the
424. 15:58accounts, slowly building the balance,
425. 16:01focusing on pulling a payout the
426. 16:02beginning of June, and then using those
427. 16:04profits to then scale and then try and
428. 16:06get back into the swing of things. So,
429. 16:08it is what it is. My bad. Uh if this
430. 16:11video kind of is all over the place, I
431. 16:13just woke up. It's like 7:00 a.m. in the
432. 16:15morning. And yeah, I really don't have
433. 16:17anything else to say. I know it
434. 16:19I don't even know if this video really
435. 16:22has any type of value for anybody. I
436. 16:24just got to document that it happens.
437. 16:26So, yeah, I'll catch you guys next time.
438. 16:28Peace.