Andrew NFX Profile picture
Banned for being profitable 2M$+ in payouts 👇🏻
Mar 12 10 tweets 4 min read
I analyzed 200 losing traders who came to me for help

These were the 7 most common mistakes that kept them broke

(avoid these and you're already ahead of 90% of traders): 1. Chasing high RR without understanding the math

67% of the traders I analyzed were aiming for 3R+ on every single trade

Their average win rate? 32%

They thought high RR meant more profit

But they didn't realize that with a 32% win rate, they were going through 5-8 losing streaks regularly

And those losing streaks were destroying their prop firm accounts before their edge could play out

Most of them had breached 10+ funded accounts

Not because their strategy was bad

But because they couldn't survive the variance

Lower RR with higher win rate would've kept them funded and actually making payouts
Feb 24 8 tweets 4 min read
I blew 100 prop firm accounts before I became profitable

Now I do $5-20k a week in payouts

Here’s what changed to become profitable (learn from my mistakes): Image 1. Getting data on my system

When I first started trading - I would buy prop firm challenges before I even knew I had an edge

This is one of the dumbest things you can do as a trader

Buying challenges before you have a verified edge is just donating money to prop firms

Before you start to buy challenges, make sure you have:

•200-300 backtested trades
•3 months of profitability on demo / a small live account

Too many traders skip these basic steps at the start and it causes them to lose $1,000s, if not $10,000s before they make any progress

If I had waited until I had a proven edge to start buying challenges I would’ve saved a lot of money - and would’ve been able to scale my funding a lot faster when I was profitable