In this episode of The Words of Rizdom Podcast we are joined by Dan Cheung (AKA Dan WChamp) a Pro Trader & Veteran in Prop Firms. Dan has achieved millions in prop firm funding as well as trading over 6 figures in personal capital. He shares his secrets on how to get out of drawdown, get max funded and shares insights on how to pass prop firm challenges as a whole.
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Website: www.thevipergroup.com
Timestamps:
0:00 - Introduction
2:13 - Going all in on Prop Firm Challenges
5:28 - Going on tilt and how to avoid it
7:49 - Being addicted to the charts
9:56 - Trading is easy?
11:44 - Achieving 7 figures in funding
21:05 - Summer or winter best time to trade?
23:24 - Building multiple income streams
25:54 - Importance of a stable income
27:28 - How to Handle multiple projects at once
39:06 - Compounding personal capital
46:49 - Personal vs Prop
49:37 - Optimum Trading Conditions
53:10 - How to get out of drawdown
56:11 - Prop trading - Slow & Steady?
59:45 - Outro
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
#trading #daytrading #forextrading #propfirms #ftmo
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