☕️ GM Munchers! This is Pip Munch, the trading newsletter that’s dodging volatility like Trump dodges assassination attempts.

On today’s menu:

• Can You Use Prop Firms To Quit Your Job? 🤔 

• A Prop Firm Rebrands 🌊 

• Another Trump Assassination Attempt ❌ 

Can You Use Prop Firms To Quit Your Job? 🤔 

Starting at the age of 15, I began working brutal minimum-wage jobs.

At the time, making $10.75/hour made me feel like a grade 9 rich boy, as most of my friends were still getting an allowance from their parents.

But let me tell you, folding pants at the Baby Gap gets boring real quick.

So, when I first discovered trading at around 16, I was absolutely hooked.

• No boss. ❌ 

• No limit on earning potential. ❌ 

• The ability to work from anywhere in the world. ✅ 

What’s not to love? 🤑 

Well, I was in for a rude awakening. After blowing $500 on an account under my parents’ name, I realized the harsh truth: trading ain’t easy.

So began my five-plus-year journey to try to make enough money from trading to quit my job and trade full-time.

At the time, prop firms weren’t even a thing, so I had to try and grow a small trading account, which is essentially impossible (don’t listen to the lying influencers who tell you it can easily be done).

Fast forward to 2020, and I had now:

• Spent over $10,000 on Forex courses.

• Blown more accounts than I could count.

• Still hadn’t found any consistency.

In other words, I was burning money and clearly still wasn’t a good trader.

But then something happened.

With 12 months of living expenses in the bank, I decided to quit my job and give trading one last try.

But this time, I would actually give it my all.

No more one foot in and one foot out.

I had 365 days to make it work, or I’d give it up forever.

And as they say, the rest is history.

So here are five things that made a massive difference for me.

1/ Minimum 1:1 RR 👀 

Forget the “10:1 RR” flex from online traders. It’s a myth.

Aim for a 1:1 RR, and you’ll likely start winning around 70% of trades. It’s all about reducing losing streaks and keeping emotions in check.

Remember, there’s an inverse correlation between your win rate and risk to reward. 🔑 

2/ Higher Timeframes ⏰ 

The 5-minute chart is the siren song of doom. Stick to the 4-hour and daily timeframes. It’s boring, yes—but boring works.

I stuck to the 4H and daily timeframe when taking my challenges and it made a massive difference.

3/ High Confuence Trades 🥇 

No setup? No trade. ❌ 

I wouldn’t even consider a position unless it had at least 3 confluences like:

1. Key Levels

2. Fibonacci Levels

3. Moving Averages

4. Psychological Levels

5. Trendlines

6. Fundamentals

You can see the full breakdown of my technical analysis system HERE.

4/ 1% Risk 👌 

Don’t risk more than this per trade. Just don’t.

5/ In Drawdown, Get Defensive 🛡️ 

When things aren’t going well, cut your risk in half.

My goal wasn’t to pass the challenge; it was to protect my $500 investment. Reduce risk, and it’s almost impossible to blow the challenge—as long as you have an edge.

So, can you use prop firms to quit your job?

Yes. ✅

But it certainly won’t be easy. And half the battle is keeping your living expenses low.

Here’s a more in-depth breakdown of what I did.

Supersize Your Prop Challenge 😏

Lark Funding has been in business for over 800 days and has proven to be the most reliable firm in the industry.

Aren’t you tired of trying to grow a small trading account? Or worrying about having your payout denied? ❌ 

Traders who have chosen Lark Funding as their prop firm have been crushing it lately. ✅ 

Lark offers:

✅ No News Restrictions
✅ Breach Daily DD = Still Receive Payout
✅ No Trailing Drawdown
✅ No Denied Payouts
✅ Raw Spreads
✅ No Minimum Trading Days
✅ TradingView Integration
✅ CTrader
✅ Weekly Payouts

Right now, you can get 10% off any challenge account of your choice. Just use the code DOUBLE10.

PS: Do you want to trade even bigger accounts? With the code DOUBLE10, on your second payout, you’ll receive a free challenge account double the size you purchased. 🎁 

☕️ Pre-Market Fuel

1. There was another assassination attempt on Trump.

2. AscendX rebranded to QuantTekel.

3. ABC Whistleblower says that Kamala received the debate questions prior to the debate.

🍪 Munchy Memes

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