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You Don’t Need to Be Good at Trading to Profit. Here’s Proof! — Transcript

by The Moving Average · 1,041 words · 150 segments · language en · Watch on YouTube

Full transcript

  1. 0:00I'm going to scale this up to $800,000.
  2. 0:02Now, you might think I'm crazy for this,
  3. 0:04but hear me out. I'm so excited right
  4. 0:07now. I started this account with $10,000
  5. 0:10exactly a month ago. 1 month later, I'm
  6. 0:12up $1,175.32.
  7. 0:16That's 11.7% profit in just 30 days.
  8. 0:20Investing in the S&P 500 gives you 10%
  9. 0:22annually. The best part is I didn't even
  10. 0:24use my own strategy. I spent zero time
  11. 0:27on the charts. I just entered trades
  12. 0:29every single day. The most important
  13. 0:31thing that you can do is prepare.
  14. 0:33There's a famous quote that I really
  15. 0:34like. If you fail to prepare, prepare to
  16. 0:37fail. This is the whole concept of why
  17. 0:39you should first back test and then you
  18. 0:41should forward test on a demo account.
  19. 0:43Prove that the strategy is profitable,
  20. 0:45then and only then actually use real
  21. 0:47money to trade a live account. I've done
  22. 0:49months of back testing and forward
  23. 0:51testing on a demo. It all worked. So, I
  24. 0:53put it on a live account. For me, very
  25. 0:55low risk, only $10,000. Seeing these
  26. 0:57results in the first month has given me
  27. 0:59the confidence to make the decision to
  28. 1:01scale this up as hard as I can. So, what
  29. 1:04I've decided to do is instead of trading
  30. 1:07this only on the $10,000 account, I'm
  31. 1:09going to scale this up to $800,000. Now,
  32. 1:12you might think I'm crazy for this, but
  33. 1:14hear me out. If you guys don't know what
  34. 1:15this is, let me give you a quick
  35. 1:17explanation. So, there are companies out
  36. 1:19there that are called prop firms. Prop
  37. 1:21firms have these things called
  38. 1:22challenges. If you have proven to
  39. 1:24yourself that you're a profitable
  40. 1:25trader, you can take one of these prop
  41. 1:27firm challenges for any specified
  42. 1:29amount, whether it's $5,000, $100,000,
  43. 1:32or $200,000. Prove to them that you can
  44. 1:35make 10% profit on that account. After
  45. 1:38you've earned 10% profit on these demo
  46. 1:40accounts that they give you, then they
  47. 1:42give you real funding in a real account
  48. 1:45that you trade with real money. So,
  49. 1:47using this exact same strategy with the
  50. 1:50$10,000 account, I'm now going to
  51. 1:52attempt it on four accounts
  52. 1:55simultaneously. Each account is going to
  53. 1:57be $200,000.
  54. 1:59In total, $800,000
  55. 2:01of funding. I went for the biggest
  56. 2:03accounts they have because I'm very
  57. 2:05confident in the results that I'm
  58. 2:07getting. So, I went for the $200,000
  59. 2:09account, but they have anything from
  60. 2:10$5,000, 25,000, 150,000, or 200,000.
  61. 2:14Most normal challenges are two phases.
  62. 2:16So, you have to get 10% profit on the
  63. 2:18first phase and 8% profit on the second
  64. 2:20phase. Or you can choose the one phase
  65. 2:22option where you only need to pass one
  66. 2:23challenge. Now, these are the trades
  67. 2:25that I'm taking every single day. We
  68. 2:28give these trade ideas on the Discord
  69. 2:30group. And basically, I just have
  70. 2:31notifications turned on. I get in on
  71. 2:34these trades every single day without
  72. 2:36doing any chart analysis, without
  73. 2:39thinking about market structure, without
  74. 2:41looking at divergences. I just get on my
  75. 2:43trading platform and I trade these
  76. 2:46trades. This is so convenient for me
  77. 2:49because it opens up dozens of hours
  78. 2:52throughout the week that I would spend
  79. 2:53sitting on charts. Instead, I can do my
  80. 2:55normal work, continue on with my normal
  81. 2:58life, and just occasionally get a
  82. 3:00notification on my phone, enter a trade,
  83. 3:02and just let it ride out. Now, this is
  84. 3:04what I'm personally doing. I've seen
  85. 3:06great results. I'm going to scale it up
  86. 3:09and I'm going to update you every single
  87. 3:11week on this. Whether it's a YouTube
  88. 3:13video or just a quick note in my
  89. 3:15Telegram chat, all of it's going to be
  90. 3:17documented. Weekly screenshots, all of
  91. 3:20the trade setups, all of the results,
  92. 3:22all of the wins, all of the losses
  93. 3:24because losses are a part of the game.
  94. 3:26So, if you want to follow along this
  95. 3:28entire process, most of the updates are
  96. 3:30going to be on the Telegram chat. And
  97. 3:31then occasionally I'll post a video here
  98. 3:33on the YouTube channel showing you all
  99. 3:35the breakdowns, taking a deep dive into
  100. 3:37the dashboard and seeing every single
  101. 3:39trade, all of the profits, and all of
  102. 3:41the losses. And for those of you
  103. 3:42wondering, yes, I'm still working on the
  104. 3:44Grow Your Small Forex account challenge
  105. 3:46where I started with $20. You can see
  106. 3:48that right here. Um, started with 20
  107. 3:51bucks, past level five. I'm currently at
  108. 3:54a total balance of like $75 and change,
  109. 3:57but that's not bad. Almost 400% profit
  110. 3:59on a small account. So yeah, I'm still
  111. 4:00going to do the small account challenge,
  112. 4:02but it's not the primary focus. The
  113. 4:04primary focus now is scaling what's
  114. 4:07working extremely well. Why? Because if
  115. 4:10I can repeat the 10% profit per month on
  116. 4:14every one of these accounts, total
  117. 4:16profit per month earned is going to be
  118. 4:18$80,000.
  119. 4:20That's life-changing money. Not $80,000
  120. 4:22a year, $80,000 a month. And if you guys
  121. 4:26hate math as much as I do, here's a
  122. 4:28breakdown of 10% profit on all of these
  123. 4:30account challenge sizes. Again, this is
  124. 4:32what I'm doing personally. I'm not
  125. 4:34telling you to do the same thing. I'm
  126. 4:36seeing fantastic results and I'm going
  127. 4:39to strike while the iron is hot. I would
  128. 4:41love for you guys to follow along this
  129. 4:43journey and watch the progress that I
  130. 4:45make on this. And for those of you that
  131. 4:47are already in the Discord community and
  132. 4:49you're seeing the good results and
  133. 4:50you're ready to start scaling, but
  134. 4:52you're kind of on the fence like, I
  135. 4:53don't know, you've taken the same trades
  136. 4:55that I have, you've made the same
  137. 4:57profits that I've had, you have the
  138. 4:59proof, now it's time to start scaling.
  139. 5:02Don't let analysis paralysis get in the
  140. 5:04way. Anyway, I hope you guys enjoyed
  141. 5:06this video on how I'm scaling this
  142. 5:08account. But for those of you curious,
  143. 5:10if you want a fat discount, just use the
  144. 5:12code TMA15
  145. 5:14and you'll get a fat discount on your
  146. 5:16trading accounts if you want to do this
  147. 5:18challenge thing. Thank you so much for
  148. 5:20watching and we will see you in the
  149. 5:22follow-up video where I'll start showing
  150. 5:23you my results.

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