Trading A 5000 usd propfirm account day 40

kingtamarah (59)in Project HOPE • 4 months ago

Hi everyone how has everything been, my name is Tare. I am a day trader trying to become profitable. I've been trading for about 18 months now, I majorly trade NASDAQ. I believe I understand how NASDAQ moves compared to other pairs because I mostly focus on trading NASDAQ.
Ever since i started my Trading journey, I have always wanted to be a professional trader that documents his progress, and I think steemit would be the best platform for me to do this.
I know alot of Traders here are more familiar for crypto currencies like BTC, Steem and ETH. Sit tight as i let you know a few things about the forex space.

What is a propfirm account ?
A proprietary firm account also known as propfirm account is an account given by a trading company that provides its traders with access to capital. Where by the trader share a percentage of the profit he generates with the company. It is well known that lack of capital can be a barrier to becoming a profitable trader. So that is why propfirms play a major part in this journey.

What propfirm do i use ?
I use TOP ONE TRADER they are a good proprietary firm in my opinion. On the 5k account, i am allocated to trade with a maximum of 500usd, where by i must not loose more than 250 usd in a single day. With a target of 8% for first phase and 5% for second phase to become funded.

https://toponetrader.com/
👆👆👆 For more info.

In order for one to become a profitable trader a good trading strategy is required and a lot of discipline so one can respect this strategy judiciously. It would be an honour to show 100percent of all trades i take respecting my strategy. Starting from today. My account currently seats at -0.8% drawdown, leaving me at 4960 usd.