GM Pip Munchers! The table’s set, and the pips are sizzling. Ready to dig in? 🍽️ 

On today’s menu:

• How To Pass 100% of Your Prop Firm Challenges 😏

• The News Event Shaking The Markets 🇺🇲 📉 

• Another Firm Loses Its MT5 License ❌ 

How To Pass 100% of Your Challenges 😏 

In 2021, I passed four $100,000 challenges without failing a single one.

Was it because I’m some trading prodigy? Not at all. ❌ 

I’d rate myself a solid 4/10 as a trader. But when it came to discipline, I was 9/10. I stuck to these principles like glue, and it paid off. If I can do it, so can you.

Now, let’s cut straight to the chase: If you want to pass every prop firm challenge you take on, you need to approach it like a seasoned pro—not like someone playing roulette in Vegas.

Here’s how you do it, no fluff, just straight-up tactics that work.

1/ Prioritize Not Losing Over Winning 🛡️

When I took my challenges, my #1 goal wasn’t passing. That might sound counterintuitive, but stick with me.

❗️My #1 goal was to protect the money I invested in the challenge.

Think of it this way: when I took my first $100,000 FTMO challenge in 2021, the $700 fee was essentially a month’s rent. 🥵 There was no way I was going to blow that on some greedy or impulsive trade.

Keeping that mindset of protecting your investment keeps you disciplined, cautious, and, more importantly, in the game.

2/ Quality > Quantity 🕰️

Here’s the truth: the higher timeframes will always win. The 1-minute timeframe is for rookies and trading degens (sorry).

Gone are the days of 30-day deadlines to pass a challenge (hooray!), so there’s no need to rush. I stuck to the 4-hour and daily charts—they’re boring, yes, but the setups they produce are high-quality.

Remember, trading isn’t about being glued to your screen all day. It’s about taking a sniper’s approach. 🎯 

3/ Don’t Be Silly 📉

If you’re trading during high-impact news events, you might as well be flipping a coin.

Whether it’s a Fed rate decision, NFP, or anything else that gets the markets moving, the best course of action is to sit it out. Markets can be erratic and unpredictable during these times, so why risk it? Just skip the news roulette and trade the calm waters. 🌊 

4/ Avoid The Emotions 🚫

This is crucial. Losing a trade sucks, but doubling down on that loss to “make it back” is like pouring gasoline on a fire.

Trading is always emotional. But add the rollercoaster of trying to pass a challenge into the mix, and that’s a dangerous place to be.

If you take a loss, accept it, step back, and move on. Re-entering a loss is a fast track to blowing your account.

5/ Implement Dynamic Risk Management 🔄

This one’s a game-changer.

When I started a challenge, I risked 1% per trade, but as soon as I hit any drawdown, I cut my risk down to 0.5% or even lower. This strategy is key to not blowing your account.

By lowering your risk when you’re down, you’re giving yourself room to recover without digging a deeper hole. Think of it as putting your foot on the brake when the road gets bumpy—it’s the key to surviving rough patches and getting back on track.

6/ Have a Written Trading Plan 📜

For the love of all things holy, write down your trading plan.

Your plan should focus solely on things you can control: 

• What time of day will you trade?

• What pairs or assets will you focus on?

• What’s your risk management strategy?

By having a clear, written plan, you eliminate noise and distractions. This is the key to stoicism in trading—knowing what you can control and ignoring everything else.

This is just a snippet of what I used to pass my challenges. If you’re interested, here’s a deeper dive into the strategy I spent $10,000 to learn.

The Thrill of The Shill 🤑 

How does the following sound?

✅ No Payout Delays
✅ No Payout Denials
✅ 800+ Days of Operating
✅ Transparent CEO
✅ No Hidden Rules
✅ No News Restrictions
✅ Weekly Payouts
✅ TradingView Integration
✅ CTrader

This is just scratching the surface of what Lark Funding offers!

And with code AUGUST20, you can earn 20% off any challenge you choose.

Why The Market Is Celebrating 🥳 ✅ 

Just moments ago, the highly anticipated CPI report dropped, and unlike your high school report card, a low grade here is a very good thing.

Expected to print at 3.0%, it came in lower at 2.9%. Cue the confetti cannons because this is exactly what the market wanted to see. 🎉 

So, what does this mean for you, me, and every trader out there?

1/ Papa Powell & September 📉

With CPI cooling down faster than a summer ice cream, the Fed is now more likely to pull the trigger on an interest rate cut in September. The market’s been begging for this, and Jerome “Papa” Powell might finally give it the green light. If the rate cut happens, expect a shift in the tides—especially for stocks and the Dollar.

2/ A Shift in Focus 💡

For almost 4 years, the market has been laser-focused on inflation data, like a cat on a laser pointer. But with inflation easing, that obsession might be waning. So what’s next? There’s always something that grabs the spotlight—will it be job growth, wage stagnation, or perhaps the dreaded "R" word (recession)? Keep your eyes peeled; the market’s about to find a new toy to chase.

3/ A Nothing Burger 🍔

Yesterday’s PPI and this morning’s UK CPI data both came in lower than expected, so the market's been front-running today’s CPI release. In trader-speak, we’re looking at a classic “buy-the-rumor, sell-the-fact” scenario. Translation? Don’t be surprised if today’s market reaction is more of a shoulder shrug than a high-five.

👉 The Pip Munch Take:

This lower-than-expected CPI is the market’s golden ticket to a potentially softer Fed. But remember, the market's mood swings are as unpredictable as a toddler’s. Today might be all smiles, but tomorrow? Who knows.

☕️ Pre-Market Fuel

1. Another firm lost its MT5 license.

2. An incredible Bitcoin chart. How bullish are you?

🍪 Digestible Memes

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