Thread by @t0mbfx

I’ve made $100,000s trading

But I’m nowhere near done

Here’s how I plan to make millions and build real wealth from trading (and how you can too):

As I’ve stated before, I’ve made just over $350k from prop firm payouts in the last year and a half

I was an unprofitable trader for around 4 years before this

I’m not ‘mega wealthy’ from trading or anything, but I do make a decent amount of consistent money with it

Here’s a roadmap of how you can build real wealth from trading (or at least how I plan to):

1. Developing a profitable trading strategy

This is obviously going to be the first step

I’m not going to go too deep on it right now since it’s not the point of this thread

But if you’re in this position:

Find a strategy that aligns with your personality
Backtest it and get 200-300+ trades
If it’s profitable, start testing it on a small live account

Once you’re profitable for a few months, you can start buying prop firm challenges

2. Growing your capital with prop firms

There’s no doubt that this is the easiest way to make money from trading if you don’t already have a huge capital base

You can spend $1k on a $200k funded account and have access to $20k drawdown. If you make just 1% on the account you get refunded your initial payment + $2k

Choose 2-4 reputable firms and try get max funded on them, that’s all you need

Prop firms I like are:

@ftmo_com

@e8markets

@fundingpips

I’m not affiliated with any of these accounts

Also - I posted a thread earlier this week talking about how I manage risk on prop firms and pass evaluation accounts so check that out

Once you get to $1M in funding - 3-5% a month is $30-50k/month, which needless to say is a really good income

3. Live below your means

This is boring to talk about, but necessary if you want to grow your ‘wealth’

If you get $50k in payouts in a month but then spend $50k, you’re walking away from the month with NOTHING

You’d build more wealth from making $5k/month and spending $4k

The truth is - you don’t need to spend a ton of money to live a good life

I make good money from trading every month but I save most of it by living with my parents, not buying flashy new cars and living like a normal guy in his early 20s

I don’t need to flex expensive stuff

I travel pretty frequently - but I don’t spend $1,000s a night on luxury penthouses and stuff

This lets me save $10,000s most months since I’m not spending like crazy - which will help me compound my money

4. Figuring out your tax situation

It’s crazy how you never hear traders talk about taxes on here

It’s so important

Imagine you make $100k in payouts in a year and spend $100k on your lifestyle

What are you going to do when you find out at the end of the year that you owe the government $35-50k?

You’ll be in debt which will put more pressure on your trading and you’ll end up losing funded accounts

Sort out your tax situation and hire a good accountant

At the moment I’m also looking at relocating to a country with a better tax system cause it just makes the most sense

5. Re-investing your money

Don’t just save all the money you make from prop firms either

Re-invest it into:

A live trading account
Other businesses / investments

I only started my live account a few months ago and I wish I started it sooner

Re-investing money into these things will help you achieve freedom faster

Full disclosure - I amen’t really invested in any other significant businesses yet, but I plan to in the near future

6. Building a personal brand

This is what I’ve been doing for the last few weeks on here

About 5 weeks ago I started posting seriously and went from 2k followers to 10k+ (thank you guys for the support)

You should be building a personal brand because:

Prop firms will treat you better - this is not a surprise, we’ve all seen influencers being gifted free challenge accounts or have their payout rejections overturned just because they have a lot of followers

Don’t complain about it → take advantage of it and start posting and growing on X yourself

You can also sell your knowledge in a Discord community or something like that and create another stream of income for yourself

7. Attracting investor capital

I’ve only recently started a Darwinex account so I can attract investor capital in the future

It’s so easy to do

You DO NOT have to do the path of ‘Darwinex Zero’ where you pay $50/month or whatever it is and trade a demo account

You can literally just connect your live trading account to a normal Darwinex and it’ll track your trades

The best part is you can get investor capital from the start instead of having to do through ‘Darwinex Gold’ and all that other BS

This way you can get investor capital from Darwinex → and if an investor approaches you outside of Darwinex you can show them your track record on Darwinex (that can’t be faked)

NOTE:

I think this is only available to people outside of the US. If you’re in the US I think you have to use Darwinex Zero

That’s pretty much how I’m trying to become a millionaire through trading

To recap:

•Building prop firm capital
•Living below my means + re-investing into a live account and other businesses
•Starting my personal brand to get prop firm benefits and build my Discord community
•Starting a Darwinex to build a track record and attract investors

That’s the thread!

Hope you guys enjoyed this and got some value out of it

If you want more value, join my free Discord community here:

discord.com/invite/pq4Mu27…