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- 5 Signs You’re Not Ready for a Challenge Yet 🛑
5 Signs You’re Not Ready for a Challenge Yet 🛑
PLUS: Biden just escalated things between Russia & Ukraine 😬

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☕️ GM Munchers! It’s Monday - The worst day of the week for normies, but the best day of the week for us. Let’s crush it! 📈
On today’s menu:
5 Signs You’re Not Ready For A Challenge Yet 🛑
Your Weekly Trading Outlook 📆
Michael Saylor Buys More Bitcoin 🤯
5 Signs You’re Not Ready for a Challenge Yet 🛑
Let’s be honest—trading is hard enough without throwing yourself into the deep end unprepared.
If you’re thinking about signing up for a prop firm challenge, take a minute. Breathe. And ask yourself: Are you actually ready?
Because failing isn’t just a blow to your confidence; it’s a blow to your wallet. And we hate seeing traders lose money unnecessarily.
So here are 5 signs that you might want to hit pause on your challenge dreams—for now.
1/ You Don’t Have a Strategy (And No, “Vibes” Doesn’t Count)
Trading without a strategy is like skydiving without a parachute—exciting for about 10 seconds and then devastating.
Do you know your edge?
Do you stick to it?
Do you even have one?
If your plan is “buy low, sell high” and hope for the best, stop right there.
Prop firms aren’t funding your trading experiments.

Action step: Build a plan, backtest it, and trade it consistently on a demo first.
2/ Your Emotions Are Running the Show 😭
If you’ve ever revenge-traded after a loss, congratulations—you’re human. But also, you’re not ready.
Prop firm challenges require monk-like discipline.
You need to control your greed, fear, and impulsiveness.
If you’re sweating bullets over every trade, flipping between charts like it’s Tinder, or screaming at your laptop, it’s time to work on your mindset before risking real money.
Action step: Learn to take a trade and then walk away. My best trades are the ones I forget about. Keep reducing your position size until you no longer obsess over every single pip, even if it means going down to 0.01 lots…
3/ You Haven’t Practiced Risk Management 😤
Do you know how much you’re risking per trade? Is it 1%? 2%? Or are you just winging it because YOLO?
If you don’t have strict risk management rules in place, prop firm challenges will eat you alive.
You can’t afford to blow 5% of your account in a single day because you “felt good” about a trade.
Risk management is the difference between staying in the game and losing it all.
Action step: This video will teach you the risk management system I used to get $400,000 in funding.
4/ You Can’t Handle Losing Streaks 📉
Here’s a harsh truth: You will lose trades.
Sometimes a lot of them.
And if a losing streak sends you into a spiral of self-doubt, it’s time to take a step back.

We’ve all been there 🤣
Passing a challenge is about surviving the rough patches without making emotional decisions. If you can’t handle being wrong a few times in a row, you’re not ready.
Action step: Use an equity curve simulator to understand the odds of you experiencing multiple losing trading in a row. You’ll be surprised just how normal big losing streaks can be…
5/ You’re Just Chasing a Discount 💰️
Yes, we’ve all seen the Black Friday deals: “90% OFF CHALLENGES!”
But if the reason you’re signing up is because of a discount and not because you’re prepared, you’re setting yourself up to fail.
Cheap challenges aren’t worth it if you’re going to blow the account in 3 days. Instead, save that money, invest in your skills, and come back when you’re actually ready.
**And don’t forget what happens to firms that run those 90% discounts…**
The Bottom Line ✅
The truth is, prop firm challenges aren’t going anywhere.
But they’re also not a get-rich-quick scheme…
Take your time. Build your edge. Sharpen your mindset. The markets will still be here when you’re ready to crush it.
And when that day comes, we’ll be here cheering you on. 🎉
Until then, stay disciplined, Munchers.
P.S. If you’re reading this and thinking, “Oh no, that’s me,” don’t worry. It’s better to pause now than to rush into a challenge unprepared. Your future self (and wallet) will thank you.
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Your Weekly Outlook 📆
Alright, traders, here’s what’s on the radar this week. Spoiler: it’s light on the calendar but heavy on the drama. Let’s get into it.
Tuesday: Canada’s Inflation Report 🇨🇦
Canada’s inflation is expected to jump from 1.6% to 1.9%.
The question is: What’s Canada up to?
They’re like the polite neighbor who suddenly starts throwing loud parties. The market will be watching closely to see if this inflation bump is the start of a trend or just a one-off.
If inflation runs hotter than expected, we could see the CAD catch some strength. So if you’re trading USD/CAD, keep your finger on the trigger.
Wednesday: UK Inflation 💷
The UK inflation report drops midweek, and it's expected to climb from 1.7% to 2.2%.
That’s a big move.
And with the Bank of England leaning on the cautious side lately, traders will be wondering: Will this force their hand?
If inflation surprises to the upside, GBP could get a boost. But if it misses? Expect some volatility and an easy day for the pound bears.
The Stock Market Steals the Spotlight 📈
With the economic calendar looking light, stocks are in the driver’s seat for risk sentiment this week.
After the Trump rally, everyone’s wondering: Can the S&P500 keep pumping, or are we due for a pullback?
If the equity market keeps ripping, expect traders to flow out of safe-haven currencies like the JPY and CHF and into riskier assets like the AUD, CAD, and NZD.
But if stocks stumble? Risk-off vibes will be back on the menu.
Geopolitics: Ukraine, Russia, and Biden’s Wildcard 🪖
Here’s the wild card nobody’s talking about (yet):
President Biden just greenlit a major escalation in Ukraine, and the timing couldn’t be worse. Trump is set to take office in two months, and this move could spook the markets.
President Trump won a clear mandate to end the war in Ukraine. So what does Biden do in his final two months in office? Massively escalate it. Is his goal to hand Trump the worst situation possible?
— David Sacks (@DavidSacks)
6:50 PM • Nov 17, 2024
If tensions rise, safe-haven plays like Gold, the CHF, and the JPY could see inflows. Riskier assets? Not so much.
Keep an eye on headlines. The market loves drama, and geopolitics could overshadow everything else this week.
TL;DR
Tuesday: Canada inflation – Could give the CAD a boost.
Wednesday: UK inflation – Big expectations, big potential for GBP volatility.
Stock market = risk sentiment king this week.
Biden’s Ukraine move = wildcard. Watch for market jitters.
Stay sharp, traders. It’s light on the calendar but heavy on potential. Let’s make this week count. 💸
☕️ Pre-Market Fuel
Michael Saylor just bought more Bitcoin. $4.6 billion more, to be exact. 🤯
This trader just made over $100,000. What would you do with the money?
🍪 Munchy Memes
People will have $800K in #Bitcoin but still live like this.
— Vivek⚡️ (@Vivek4real_)
10:51 PM • Nov 15, 2024
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