How Mike Passed the Mini BP Evaluation in One Day! — Trade The Pool $20K Funded Trader, Mike W.
Автор: Trade The Pool
Загружено: 2024-10-31
Просмотров: 1331
Mike signed up for the Limited Edition Mini Buying Power and passed his evaluation in just one day! However, his journey wasn’t without its challenges.
Initially, he struggled to balance between making quick decisions and the need to patiently wait for the perfect entry point.
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👤 A little bit about Mike:
A short-biased trader.
Growing up, he’s instilled with a “GET IT DONE!” mentality. He realized that trading demands the opposite.
He lost big once. Mike said, “With a broker, the only parameter is what you put in… that’s a challenge”.
ℹ️ After some initial setbacks, Mike learned to exit trades that weren’t working, found his rhythm, and built momentum with a couple of big trades, with the last one as the cherry on top.
💡Mike’s Top Tips for Trading:
Practice before jumping in – Take your time, even with paper trading, and learn the strategy that’s right for you.
Learn to cut losses quickly – Knowing when to exit is key to long-term success.
Find a structured environment – Mike found what he needed with Trade The Pool: “I like the parameters and accountability. I feel quite comfortable in that environment.”
Here are some of Mike’s stats:
🔹 Best stock: $ADMA
🔹 Success rate: 35%
🔹 Biggest win: short $ADMA x 1000 making $625
🔹 Biggest loss: short $TXG x 1300 losing $96
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Mike is now one of TTP's new funded traders, managing a $20K account, or as we call it, a true “Stock Star”.
In this interview, he shares his insights on his upbringing, psychology and how it affects trading, as well as his journey to success.
00:00:00 Introduction and Psychology of Day Trading
00:01:30 His Upbringing and Some Trading Tips
00:03:10 Passing the Evaluation and Dashboard Insights
00:06:00 What Changed in His Day Trading Strategy
00:07:13 Trading Style, Motivation, and Experience
00:09:42 Mike's Top Tip for Passing the Evaluation
#propfirm #propfirmtrading #fundedtrader #daytrading #tradingtips
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