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Showing posts with the label Prop trading

[The Secret to Passing Prop Trading] 3 Rules of Thumb to Save Your Account and Stay Alive

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  Hey guys! This is WBT from the Chartinfo team. Lately, I’ve been running some prop trading challenges and experienced both painful blown accounts and super exciting payouts. A lot of people get hyper-focused on fancy technical analysis and finding the perfect entry just to pass those strict prop firm rules, but what I learned the hard way about the real 'key to passing' was something totally different. Today, based on a deep dive into my own painful losses and wins, I want to share the 3 rules of thumb you absolutely need to follow to stay alive in prop trading. #Rule 1. The Ultimate Survival Rule: The 2% Rule and Mechanical Risk Management If I had to pick just one most important rule in prop trading, it’s hands down 'risk management'. If you can’t protect your account from the prop firm’s strict daily loss limits and maximum drawdowns, it doesn't matter how great your entries are—you will end up failing. Here is exactly how I manage my risk in live trading. Firs...

[Bitcoin Chart Analysis] $73k Sharp Drop, Healthy Correction or Start of a Downward Wave?

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Hello! This is WBT from the ChartInfo team. After Bitcoin (BTC) hit a high around $82,000 ($82k), it has now dropped sharply to the $73,000 ($73k) range. Right now, we are at a very critical crossroads that will decide whether this drop is just a simple "retracement (correction) within an upward wave" or the "start of a new downward wave." Technical Reason Why Defending $73k is a Must: Long-Term Moving Averages Currently, Bitcoin has not only deep-dived into the daily Ichimoku Cloud but is also testing strong support near the daily long-term Moving Average (MA). The key thing to watch here is that the long-term moving average is starting to curve downward. If this final line of defense breaks to the downside, there is a very high risk that the downtrend could stretch out for a long time. That is why holding the current $73k level is more important than anything else right now. Risk of a Bearish Kumo (Red Cloud) Forming on Ichimoku So far, this drop can still be inte...

[Trading Journal] Bitcoin (BTC) Long Position Review: Perfect Entry, Failed Emotion Control

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Hello! This is WBT from the Chartinfo team. Today, let's review the Bitcoin (BTC/USD) long position we took on May 19, 2026. This trade gave us a fantastic entry point based on technical analysis, but it ended up being a painful lesson in impulsive trading due to psychological pressure. #The Perfect Entry Logic: Triple Confluence We entered this long position at a strong support zone where multiple technical indicators lined up perfectly. 0.786 Fibonacci retracement level Strong order block support from the previous upward wave The lower support trendline of the ascending channel Seeing these three factors perfectly overlapping (confluence), we expected a strong bounce and entered the trade. #Trade Details Entry Price: $76,302.46 Stop Loss (SL): $74,800 Take Profit (TP): $79,400 Closing Price: $76,436 Risk Management: 2% risk of account balance #A Painful Mistake: Closing Early Out of Fear Realized Profit: +$1.34 We entered exactly at a great spot, but it ended up being one of our ...

[AXI Select] Prop Trading Journal: Bitcoin Short Position Closes in Profit! (May 20, 2026)

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Hi everyone, this is Chartinfo. Here is my trading log for Phase 1 of the Axi Select prop trading challenge. We've successfully met the initial requirements for Axi Select and advanced to Phase 1. Currently, we are trading with $4,500 in funded capital. If you're interested in prop trading, I can confidently tell you that Axi Select is way better than prop firms like APEX!      ​ 📊 Trade Analysis: BTCUSD (Bitcoin) For this entry, I noticed Bitcoin failed to break its previous high according to Dow Theory. Anticipating disappointed longs to sell off, I decided to take a short position. Reason: https://chartinfo1019.blogspot.com/2026/05/were-you-surprised-by-yesterdays.html Position: Short Confluence: Dow Theory, Resistance, Economic Indicators ​ ​ 📍 Trading Details Entry Price: 80,342.28 Stop Loss: 82,300 (previous high) Target Price: 76,500 Take Profit: 79,217 Risk Management: Set at 2% of account equity ​ ✅ Trade Outcome & Review Realized Profit: +11.25 USD (2...

[Trading Journal] Bitcoin Short Position Review: The Textbook Example of Confluence Trading and Profit Taking

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Hi! This is WBT from the Chartinfo team. In my last Nasdaq trading journal, I reviewed a painful stop-loss caused by a subjective counter-trend trade. This time, learning from that mistake, I’ll review a Bitcoin (BTC) short position from May 6, 2026, where I successfully made a profit based on strictly objective "confluence." Precise Entry: Reasons for the $82,285 Short Position The key to this trade was finding a strong Confluence Zone where multiple technical indicators overlapped. Here are the three main reasons why I entered a short position at $82,285. Resistance at the top of the ascending channel Although Bitcoin broke through the $80,000 line with strong momentum, I was confident it would be difficult to overshoot past the top of the channel in one go. The upper resistance line of the channel I drew pointed exactly to $82,285.38. Long-term trendline resistance connecting previous highs Beyond just the channel, a descending trendline connecting the major swing highs of...

[Trading Journal] Nasdaq Short Position Review: The Cost of Subjective Counter-Trend Trading

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Hello! I'm WBT from the Chartinfo team. Today, I want to review my Nasdaq (NQ) futures trade from April 30, 2026. Unfortunately, it ended up hitting my stop loss, but this failure really hammered home some ironclad rules I need to stick to as a trader. Trade Setup and Result: Right Direction, Wrong Timing While NQ futures were on a continuous bullish rally, I figured it had reached a point where a pullback was overdue, so I entered a short position at 27,446.94. The RSI was sitting in the overbought zone on both the 15m and 1h timeframes, and I used the top of the ascending channel as my resistance entry. Sadly, the price wicked my SL (Stop Loss) around 27,549 before it actually started dumping. My directional bias wasn't wrong, but I ended up locking in a $20 loss anyway. Painful Mistake 1: Limited Capital and a Tight Stop Loss My first mistake was setting my SL way too tight. Since our prop trading capital was super limited at just $500, I couldn't handle too much risk an...

[AXI Select] Prop Trading Journal: Bollinger Bands Upper Band Counter-Trend Trade Profit! ( April 24, 2026)

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 [AXI Select] Nasdaq (NQ) Short Position Trade Log: Bollinger Bands Upper Band Counter-Trend Trade Profit! Hi, this is Ricky. This is the record for my second trade in the AXI Select Prop Trading Challenge Phase 0. Today, I’m organizing the trade log from April 25, 2026. Although I’ve already hit the target profit with my first trade, I’m continuing to trade calmly without overtrading to meet the required number of trades to pass the challenge. 📊 Trade Analysis: NQ1! (Nasdaq Futures) This entry used a strategy to take a quick profit near resistance using channels and technical indicators. Position: Short Entry Rationale: Channel Resistance, Bollinger Bands Upper Band 📍Trading Detail Entry Price: 27,423.12  Stop Loss: 27,520.94 (Set based on ATR considering volatility)  Take Profit: 27,360.10  Risk/Reward (R:R): 1 : 0.6  Risk Management: Set at 2% of account equity ✅ Trade Results & Review  Realized Profit: +6.75 USD (Return: 1.35%)  Exit Price: 2...

[AXI Select] Prop Trading Journal: Hit Target Profit on the First Trade! (April 23, 2026)

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 [AXI Select] Nasdaq (NQ) Short Position Trade Journal: Hit the Profit Target on the First Trade! Hey guys, it's Ricky. I've finally officially started my challenge with the AXI Select prop trading program. AXI Select is a pretty cool program that gives you the chance to manage real capital once you prove your trading skills. Today, I’m wrapping up my very first trade from April 23, 2026. 📊 Trade Analysis: NQ1! (Nasdaq Futures) This entry was a strategy focused on catching a breakdown after confirming resistance. Position: Short Entry Logic Previous High Resistance: Confirmed strong resistance at a major previous high. Whhipsaw Movement: Caught a fake-out pattern where it briefly broke the high and immediately dropped. Channel & Volume: Touched the upper bound of the descending channel, followed by a bearish candle with high volume. 📍 Trading Detail  Entry Price: 27,098.13  Stop Loss: 27,170.16 (Set based on ATR to account for volatility)  Take Profit: 26,921.0...

Prop trading without the picky rules—Start your journey with Axi Select today!

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Hi, this is Chartinfo. Today, I want to talk about prop trading. When people think about prop trading these days, most probably think of Apex or NinjaTrader. I’ve tried prop trading through Apex myself, but I quickly lost interest and quit. The reason was Apex's excessive rules. There are three main ones: 30% Consistency Rule — A hurdle when withdrawing When you request a withdrawal, your profit from a single day must not exceed 30% of your total profit. For example, if your total profit is $5,000, your maximum daily profit must be $1,500 or less. Even if you hit a jackpot, if that day exceeds 30%, your withdrawal will be blocked. However, this rule disappears after the 6th withdrawal or when you switch to a live prop account. Hedging & One-Way Rule — Strictly Prohibited Hedging, which is holding long/short positions in both directions at the same time, is completely banned. This applies even to the same or correlated instruments. Also, strategies that place two-way orders duri...