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Not Making Money In Trading? Do THIS.

PLUS: What country has the best prop firms? šŸ¤”

Today's edition is brought to you by our 90-Day Prop Firm Masterclass ā€“ A proven blueprint to help you pass prop firm challenges and get funded, risk-free. If you donā€™t get funded in 90 days, weā€™ll refund you.

ā˜•ļø GM Munchers! It's the last week of Octoberā€”spooky season is ending, but the only thing scarier than Halloween is trading without a plan. Let's fix that! šŸŽƒšŸ“ˆ

On todayā€™s menu:

  • How To Escape The Cycle of Unprofitability šŸ™ 

  • Get Funded In 90 Days Or Donā€™t Pay šŸ˜ 

  • What Country Has The Best Prop Firms? šŸŒļø 

  • Bitcoin Breaks $70,000ā—ļø

  • Oil Prices Are Crashing šŸ“‰ 

A 4-Step Blueprint to Diagnose Your Trading Problem āœļø 

If youā€™re not making money in trading, it can feel a lot like online dating: tons of swiping, zero payday. šŸ“‰ 

One day, youā€™re up; the next day, youā€™re down, and by the end of the week, youā€™re wondering where all the profits went.

Sound familiar? šŸ˜„ 

Hereā€™s the truth: Often, the problem isnā€™t that you donā€™t know how to trade. The problem is, you donā€™t know exactly what youā€™re doing wrong.

Is it your strategy? Your emotions? Or is your trade management all over the place?

This is where I went wrong for years. šŸ‘Žļø 

I strategy-hopped more than a caffeine-fueled trader on a Monday morning chart binge.

But hereā€™s the kicker: my strategy wasnā€™t the problem. It was the 1-2 things I kept messing up, over and over. And it wasnā€™t until a mentor pointed it out that I finally stopped shooting myself in the foot.

Thatā€™s where this 4-step blueprint comes in. Iā€™ll help you pinpoint the issue so you can fix it and start seeing the results you deserve.

Step 1: Review Your Strategy šŸ§ 

The first thing you need to do is take a step back and assess the big picture.

Ask yourself:

  • Is my strategy proven? There needs to be a reason that you believe it will work. While I think backtesting is overrated, a little bit is necessary to prove consistent results over time.

  • Does it fit my trading style? Are you a scalper trying to use a swing trading strategy? Make sure it aligns with your risk tolerance and, most importantly, your personality.

Actionable Step: First, ask yourselfā€”does your strategy actually fit your personality and lifestyle? If youā€™re working a 9-5, trying to scalp the 5-minute chart isnā€™t just a bad idea, itā€™s a guaranteed disaster.

If your strategyā€™s a good fit, then dive into the past 30 days of your trades. Compare the winners and the losers.

Did you stick to your strategy, or did you go rogue?

If youā€™re breaking your own rules, guess whatā€”thatā€™s not a strategy problem, itā€™s a YOU problem.

Step 2: Analyze Your Emotions šŸ˜±

Trading is like 80% mental, 20% strategy.

And emotions? Well, letā€™s just say theyā€™ve gotten me into more trouble than trading NFP with no stop loss.

The reality is that emotions can ruin even the best trading plans. āŒ 

Weā€™ve all been thereā€¦

Hereā€™s how to figure out if your mindset is sabotaging you:

  • Do you get anxious when a trade starts moving against you?

  • Do you close trades too early, fearing a reversal?

  • Do you revenge trade to ā€œget backā€ at the market after a loss?

  • Do you struggle to close your laptop when youā€™re in a trade?

  • Can you not fall asleep when you have a trade running?

Actionable Step: I know, trading journals are about as exciting as watching paint dry. But, theyā€™re the only way to really study and understand your emotions in trading.

Donā€™t just log your tradesā€”track how you feel at each stage.

Jot down your emotions when you enter, while the tradeā€™s running, and when you exit.

Review it after a week, and youā€™ll probably be shocked at how much your emotions are driving your results.

Itā€™s like a hidden map to whatā€™s really going on with your trading decisions.

Step 3: Fix Your Trade Management šŸ› ļø

When I first put this blueprint to work back in 2021, I was feeling pretty good.

My strategy was solid and aligned with my goals, and I had (mostly) tamed my emotional rollercoaster.

But then things started to crack. šŸ˜¬

It didnā€™t take long to realize that my trade management was the culprit behind my endless cycle of small losses and hovering around breakeven.

Hereā€™s how you can tell if youā€™re in the same sinking boat:

  • Are your stop losses set right? Too tight, and youā€™re getting stopped out constantly. Too loose, and you're exposing yourself to huge losses. Itā€™s a delicate balance. Click HERE for my 10-minute guide on nailing the perfect stop loss.

  • Do you over-manage your trades? Trading is like cooking a steakā€”if you keep poking it, youā€™ll never get that perfect sear. Same with your trades. Constantly moving your stop-loss or take-profit levels could be sabotaging your strategy.

  • Can you walk away? If you canā€™t shut your laptop and let the trade breathe, youā€™ve got a problem. Let the market do its thing, or youā€™ll end up overthinking every move.

Actionable Step: Focus on setting predefined stop losses and take-profit points before you enter a tradeā€”and then stick to them. Trust your original analysis and avoid changing plans mid-trade.

Thereā€™s nothing more liberating than setting your stop loss and taking profit levels and then just walking away.

Step 4: Track Your Performance šŸ“Š

Our philosophy at Pip Munch is simple: Donā€™t trust an influencer with neck tattoos and a rented Lamborghini. Trust the data. šŸ’»ļø 

None of this will matter if you arenā€™t tracking what youā€™re doing.

The only real way to level up is by reviewing the data, figuring out whatā€™s working, andā€”more importantlyā€”what isnā€™t.

  • Are you tracking your win/loss ratios?

  • Do you know which assets perform best and worst for you?

  • Do you break down your winning vs. losing trades to spot patterns?

  • Which day of the week do you see your best (or worst) results?

  • Are you only taking those A+ setups, or are you jumping on anything that moves?Are you only taking A+ setups?

Actionable Step: Track everything. 

Not just the setup, but what happens before, during, and especially after you exit the trade. Take screenshots, note your thoughts, and collect as much data as possible.

After a month, analyze it like your profits depend on itā€”because they do. Spot the trends and find out where youā€™re crushing it (and where youā€™re crashing).

This was my journal in Notion when I was taking my FTMO challenges in 2021.

TLDR šŸ§µ 

If youā€™re not making money in trading, the MOST important thing is to figure out why.

You canā€™t solve a problem you havenā€™t identified.

This blueprint is designed to help you pinpoint exactly whatā€™s holding you back so you can fix it and start making real progress.

  1. Strategy Check: Does your strategy fit your lifestyle and goals? Review your tradesā€”did you follow your strategy or break your own rules? If youā€™re breaking rules, itā€™s not the strategy. Itā€™s you.

  2. Emotions & Mindset: Keep a journal of how you feel before, during, and after each trade. Emotions play a bigger role than you think. Study them.

  3. Trade Management: Are your stop losses and trade adjustments on point? Stop playing with your trades like a fidget spinner. Set your plan and stick to it.

  4. Data & Review: Track everything. From setups to outcomes. Once a month, review the data to see patterns, trends, and what needs tweaking.

The blueprint is simple: Figure out whatā€™s broken, fix it, and watch your trading improve.

It fixed my trading. I hope it can help you, too.

Want to Get Funded in 90 Days?

It's Risk-Free. āœ… 

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āœ… 90-Day Blueprint ($7,000 Value) ā€“ Proven strategies to pass prop firm challenges and quit your job.
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šŸ’„ Total Value: $25,500, Now $99/month (50% off for early members) 

The best part? If you donā€™t get funded in 90 days, weā€™ll refund you. šŸ’ø

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Want to learn more? Check out this Loom video for all the details.

Act fast before the remaining spots fill up. Click HERE to reserve your spot.

What Country Has The Best Prop Firm? šŸŒļø 

I recently came across this fascinating map (creds to Prop Firm Match) that pinpoints the locations of every major prop firm worldwide.

Itā€™s like Christmas came early! šŸŽ… 

Pretty cool, right?

From the U.S and Canada to the U.K., and as far-reaching as South Africa and the UAE, this map shows proves one thing: prop trading is truly a global phenomenon.

Whether youā€™re looking at heavy-hitters in the U.S. like Topstep and MyFundedFX or checking out the UKā€™s strong lineup with Alph Capital Group and FTMOā€™s European dominance, itā€™s clear thereā€™s no shortage of options for traders.

The real question, though, is which country has the best prop firm? šŸ¤” 

Well, thatā€™s a conversation for another day.

But the good news is this: The prop firm scene is thriving and thereā€™s never been a better time to be a trader.

ā˜•ļø Pre-Market Fuel

  1. Bitcoin breaks $70,000. šŸ“ˆ Weā€™re so close to all-time highs we can almost taste it.

  2. Oil is tanking. šŸš— It had its largest one-day fall in over two years. This is looking good for global risk sentiment AKA stocks and crypto.

  3. Will Kamala be on Joeā€™s podcast? šŸŽ™ļø Looks like sheā€™s only willing to do it if itā€™s on her terms.

šŸŖ Munchy Memes

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