Got one to payout and used it for this one!

Hey invest Fam! I posted a bit ago in celebrations when I passed my first 50k EA. Well… I passed another the next day, ripped some success, and then watched my wings melt as I did my best Icarus straight to crashing both… Well after a few weeks of scrutinizing review and practice, I was ready to go for the next round on Thursday with completely re-formed strategy that ended 3 accounts today where you see them in the screenshot. I’ve got so much more to learn, but here’s a couple things that I hope can turn my mistakes into your lessons. 1. Be careful of high profit targets on a $2,500 drawdown. If you’re above 3:1 in an EA, trail it before it accidentally eats 30% or more of your drawdown in one trade -no, I am not saying big ratios are bad! Increasing your reward is one of the best things and one of my biggest improvements. However, if you’re in an EA, the drawdown does not grow. Let’s say you’re risking $200 and shooting for a 5:1 ($1000 profit). Your trade pushes to 4.5 before reversing and slamming your stop. Well that 2500 drawdown was increasing with that trade. So will be down your $200 loss plus the $900 profit you had at one point. From $2500 to $1400 drawdown in one trade (plus commission if the 1400 wasn’t bad enough : P). Pretty brutal huh? On this run my average risk ratio was 6:1, but if I was above 50% of my profit target, I put in a trail-stop or trailed manually to protect my drawdown. This was pretty crucial for me. 2. Trust yourself!!! -Yes, self confidence is important, but there’s a lot of need beyond that. I have watched myself lose as much if not more from over-caution and self doubt than I have from being too aggressive. Closing trades that would have hit profit no problem, being too scared to place the better trade, then following it up with a bad setup because of fomo. It’s a messy cycle. Yes, I messed up from over aggressive trading, but that was actually a poor response from the backlash I was feeling from letting fear change my decision making process.

You may have noticed there was no Fast Track session this week… That’s because I’m doing something better for you! Every Saturday morning I have what I call a “Board Meeting” with a private group of students and software users. On this meeting I review the entire week including: - Detailed zone creation and logic - Specific entry model examples - Risk and reward dynamics As well as answering questions. And for just this week I’m inviting all of you to attend 💪 No cost, just come learn with us. It will be this Saturday the 26th at 9:30am est. You can find the event and Zoom link on your Calendar tab.

Passed my first evaluation today! I blew one Apex 50k EA then decided to go for 150k Top Step account. I needed to make 9000 before losing 4500. Right at the start I traded at times I shouldn’t have and lost 3000. At this point i had to make 12000 before losing 1500. Seemed impossible but i tightened up and made it happen. All superman entries. Thank you Kyle and coaches for giving us this opportunity!

Hey everybody - new to trading and I'm still working through the classroom work and finding it helpful. I did want to ask - what is one thing you wish you had known to do and one thing you wish you knew to avoid when you started trading? Thanks!