Seb King

@byscag @0xEDC_ Would certainly get me out the rat race. Can worry about bigger goals afterwards

@0xEDC_ Just for the record here, you’re saying that $1,000 for the day is somehow not going to be life changing enough for the average person? For fucks sake how detached are you people in your heads?

A $200k funded account won't change your life, trust me. You could blow it and restart for months on end... but you know what will actually change your life? $1m in FUNDING. Just picture this: $200k accounts x 5 $500 risk per account (0.25% risk) You catch a 2R win You just made $5,000 for the day

@Austin_Clark_YT 🙌 trading is an enablement tool for other opportunities.

I would like to share something very simple I have been doing for quite some time now with prop firm capital that I don't see anyone talk about I have 4 buckets I place trading profits in - Taxes (20%) - Dividend Portfolio (20% NET) - Personal Trading Capital (70% NET) - Savings (20% NET) We see people talk about the flashy side of payouts but honestly, this is the sexy REAL side to me 1. My personal end goal is literally to build a massive Dividend producing Stock/ETF portfolio 2. Another personal goal is to amass a 6 figure live trading account that I trade extremely conservatively producing higher returns with lower risk as I grow it Trading is absolutely amazing but don't forget diversifying your income is critical and for me 1 income source I love that I do 0 work for is getting dividends :)

@Albertburgess_ Risk yes but profit no. Trading profit isn't guaranteed so when the good months come along that might exceed 5%, then you should be allowed to have those to cover the quiet months or losing months.

Do we think the best step for Prop firms is to introduce max risk per trade and potentially max cap on % per month for profits? Max 2% per trade. Maybe max 5% profit per month. I’m all for props but it’s clear something has to change for them to continue. Many more will fall especially when you’ve got people smashing 20-50 lots on gold.

@Thompson_1914 @DripMillionz The idea of DeFi is great but it's a shining example of why most people can't have nice things.

@DripMillionz What an absolute joke, as I said a while ago. Defi is an absolute joke and your gambling your money away. Rug pull after rug pull clowns.

RIP $DRIP KITCHEN SINK..Another protocol drained dry even with $DRIP at a low price.. Shame as was printing & burning $DRIP..💧⏬ Yes it was called a "high risk game" but no one seems to want longevity in this space lol I ROI'd whilst still playing responsibility so not butthurt

@Austin_Clark_YT Process makes profits. Focus on the cause not the outcome 👍

I made 10x more money in trading when everyday I focused on peace in the process VS money "but Austin we are trading to make money" yep. so is 90% of the other unprofitable traders.

@EdwardXLreal Not until I had 6 months to preferably a year of back up savings equivalent to the job I'd be leaving. When I leave I intend to do it for good. That requires planning and no knee jerk decisions.

Would you QUIT your 9-5 job if you had just become FUNDED with at least a $50k account?

@AnfieldMagic We've absolutely bottled it. All the good from midweek evaporated in an instant

One of the most embarrassing Liverpool performances for a long long time

@TheTradingGuid1 @casper_smc Looking forward to it mate. It's the sweeps I'm most interested in tbh.

Almost done, found the time this weekend to record the @casper_smc 15m tf strategy backtest video, I guess I can publish tomorrow on my channel. youtube.com/c/TheTradingGu…

@JoelCarpenter__ @TheTradingGuid1 @casper_smc My 2022 had a 43% win rate too but I tested both London and NY

@TheTradingGuid1 @casper_smc Look forward to seeing some examples. I’ve backtested 100 trades over 2 months across most major USD pairs = 43% winrate. Took 15 losses over the last 16 live trades 🤷‍♂️ I think I broke the system 🤣

Done! the @casper_smc 15m strategy is backtested with 100 trades, video is in the making, here are the results. Average RR is 2.22 bc I close trades manually before News are coming up. BTW: Day of the week doesnt matter at all.

@TheTradingGuid1 @casper_smc Look forward to the video. I must be getting my application of the sweeps and bos all wrong as I can't get results like this. I'm sure it's me not the system so open to seeing what I am doing wrong 👍

@TheTradingGuid1 @fiddlemyleaf @casper_smc Oh yeah wouldn't have put money on it but good to collect data on with and without news for myself

@sebkingoriginal @fiddlemyleaf @casper_smc Yes, and made it - but a rule is a rule, it is excluded 🙂

@casper_smc Pretty decent after 51 trades, 64,71% winrate. Also turns out more and more that Tuesday is the best, Monday the worst day (expected).

@TheTradingGuid1 @fiddlemyleaf @casper_smc Still going

@sebkingoriginal @fiddlemyleaf @casper_smc LOLOLLOL

@TheTradingGuid1 @fiddlemyleaf @casper_smc Have this one marked on TV too for data despite the news. Nothing on it but all good info

@sebkingoriginal @fiddlemyleaf @casper_smc Here is one on EURUSD today that meets the criteria and news are coming soon... same stuff. But also took it for different reasons (untested resistance level, therefore tight SL).

@TheTradingGuid1 @fiddlemyleaf @casper_smc I just think for me at least a SR lower than 50% will play on my mindset long term

@sebkingoriginal @fiddlemyleaf @casper_smc I forced myself to not use it, but I have a wide-screen and zooming out too much ... you know ;-) oc when taking HTF into account you will avoid many losses, but that misses the point of this strategy :-)

@TheTradingGuid1 @fiddlemyleaf @casper_smc Oh yeah 100%. But then I suppose that's the beauty of backtesting it. Find what works for you and then stick to it as your set rules. Maybe this strategy forms a base for what you go onto use rather than simply using it verbatim 🤷‍♂️ I mainly want to get a SR more like you had

@TheTradingGuid1 @fiddlemyleaf @casper_smc Yeah see there are tweaks that might improve it. I looked across both sessions and actually had much more success in London. Maybe I need to try again exclusively doing NY. Also I assume you used no bias? I tended to find I was counter trend a lot

@sebkingoriginal @fiddlemyleaf @casper_smc Yes, give it a try. Perhaps the requirement "liquidity raid" is a weak factor, because their is neither evidence that it happend nor there is an accurate defintion. What I liked to see is sth that you would call a failure to close above/below a previous high / low.

@TheTradingGuid1 @fiddlemyleaf @casper_smc Right ok so you were taking trades on news days but just closing early before news. Trying to make it work for me.

@fiddlemyleaf @casper_smc Also if I dont know if the News will affect the trade I will close the trade before the news come up like this.

@TheTradingGuid1 @casper_smc And this was to the letter was it? No daily bias, NY session only 8am until 5pm EST and no red folder news? I did 2022 and had ok results but across both London and NY and my win rate wasn't great. My results were better in London though. 37.6% profit with a 43% SR over 82 trades

@wordsofrizdom Fair play to you for exposing yourself to the toxic world of social media forex 👏 the bottom line is people making money isn't it? The how doesn't really matter.

A very interesting 24 hours! A reminder that I have no personal relationships with my guest, there’s no pre planning of topics and there’s no preplanning of questions. I aim to hold a balanced position and go forward with that mindset as I have so far. Remember always if you don’t agree with someone, don’t like what they are saying, don’t like their trading style etc just ignore them. Social media is full of toxicity and is a huge distraction from what truly matters - yourself! Of course my purpose for the podcast is to bring value and every single episode has value of some kind but there will be the occasional episode that has controversy mixed in I’m sure. It’s not planned as I said but If it happens I still have to do my job as a podcaster to promote the episode for the largest impact. That’s why the “Words of Rizdom” is the fastest growing podcast in the finance industry. The episodes to come will blow you away. 3 extremely knowledgeable ICT Traders - ICT Concepts (Kitt) + Ali ICT + NBB Trader Part 2 (Omor) all with their own episodes coming soon! 💙

@Albertburgess_ Massively need to remind myself of this. Last 2 months haven't been great and it wore me down and made me have an emotional wobble today. Fortunately, I recognised not to trade when feeling like that.

Good morning twitter fam just a reminder. No strategy is immune to drawdown months, quiet periods or tough months it’s totally normal, there is no perfect strategy. So stop beating yourself up if you have a negative month, or haven’t traded in a few days/weeks the perception you uphold of trading is likely your issue in the first place. Anyone telling you they don’t lose, or don’t have a slow period is an absolute captain waffler who you should steer clear of immediately, there images are brainwashing you into stupid self destructive thoughts don’t allow for it. Have a great week will announce winner of the 50k & 25k challenges this evening around 8pm good luck don’t sweat if it isn’t you will be doing plenty more of these. If you’re yet to get involved check it out below. 💙