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10 Ways to Protect Yourself from Payout Denials 🚨
In recent times, there has been an alarming rise 📈 in proprietary trading firms (prop firms) denying payouts 💸 to traders, leading to concerns across the trading community. This trend was most recently highlighted by the downfall of AstraFunding, which shut down following public accusations of withholding payouts and questionable business practices 🚨. The increasing competition among prop firms, coupled with price discounting 💰 and the rise of more skilled traders 📊, has made it harder for these firms to maintain profitability. As more traders succeed and request payouts, some less financially stable firms are resorting to payout denials to protect their bottom line 📉.
Tips for Passing Your Prop Trading Challenges 📈
By consistently following this disciplined approach, you'll establish yourself as a professional trader funded by an organization, capable of generating steady profits. Stay focused, be patient, and manage your risk wisely to achieve long-term success in prop trading
4 Ways to Overcome Impulsive Trading 🚀
Impulsive trading is one of the most common challenges traders face, regardless of experience level. It often leads to emotional decision-making, unplanned trades, and unnecessary losses. Learning how to manage this impulsivity is key to becoming a disciplined and successful trader. Here are 4 tips to help you overcome impulsive trading 👇:
Trade Tiny To Win BIG
Looking at old ideas with fresh eyes can be incredibly valuable. One old idea is to Trade Tiny. The idea was to trade the smallest possible size of 0.01 units on all your trades even if you had a five or six-figure account and could afford much larger positions. My argument for this approach is that Trading Tiny eliminates almost all bad trading behavior. It allows you to trade much larger time frames with massive 200-300 pip stops because a loss on any given trade is only $20-$30. 💡📉💵