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