GM Traders! Welcome to Pip Munch! 🎉 Don’t freak out—we’re still the same trading wizards helping you conquer the markets with a side of laughs. We just levelled up our name to something with a bit more bite. 😉 Get ready to munch through the markets with us!

On today’s menu:

• How I Passed 4 $100,000 FTMO Challenges 🤑 

• Another Firm Shuts Down ❌ 

• How To Crush The Week 💪

• Whales Keep Stacking Bitcoin 🐋 

How I Passed 4 $100,000 FTMO Challenges ✅ 

Alright, traders, buckle up because today I’m sharing the story of how I went from blowing accounts like birthday candles to trading full-time, living off prop firm payouts.

Spoiler alert: it wasn’t because I’m some trading genius. But if you follow these tips, you might just find yourself on the same path.

1/ The Origin Story: From Blown Accounts to Prop Firm Success

Back in 2016-2017, when I couldn’t even legally open a trading account, I had a school buddy who turned $1,000 into $10,000 right before my eyes. As soon as he showed me his CTrader account, I was hooked. I thought, “I’ll be a millionaire by Christmas!” 🎅

Yeah… not quite.

Fast forward to several blown accounts, over $10,000 spent on courses, and countless sleepless nights staring at charts, and I still wasn’t anywhere near that dream. 😭 

Then, Covid hit. But instead of panicking like a Karen, I made a bold move.

I decided to take the 12 months of living expenses I had saved up and pour everything into making this trading thing work.

And guess what? It did.

I passed four $100,000 FTMO challenges back-to-back without failing a single one. ✅ 

No, I didn’t make hundreds of thousands of dollars. But I did make enough to cover all my living expenses and live only from payouts for 24 months.

But let me be clear: I’m not a 10/10 trader. If I had to rate myself (my mom says I’m a 10/10), I’d say I’m a solid 4/10. But my discipline? That’s a 9/10, and that’s what made all the difference.

2/ The Game Plan: How I Passed the Challenges

Because we’re the #1 daily newsletter for traders in the world, rather than charging you the $10,000 I spent to figure this out, here’s (for free) what helped me pass those challenges.

1/ ONLY Take A+ Setups
You’ve probably heard this a million times, but trust me, it’s the golden rule. If it’s not a high-probability trade, don’t take it. Simple as that. 🚫

2/ Avoid Major News Events
Trading around news is like trying to pick up a girl while wearing cargo shorts and a tank top. It might work 1/100 times, but the other 99? You’re just setting yourself up for embarrassment. Skip the news roulette and stick to the smooth, calm waters where you won’t get burned. 📰

3/ Only Risk 0.5-1% to Start
At the start of a challenge, I kept my risk low. This isn’t the time to be a hero. Build your cushion first; then you can think about scaling up. 📈 

4/ When in Drawdown, Reduce Risk
The moment I hit a losing streak, I’d cut my risk in half to 0.5% until I got out of drawdown. Yes, it’s annoying and slow. But when in drawdown, it’s time to play defence. 🛡️ 

5/ When in Profit, Get Aggressive
Once you’re in the green, that’s when you can start taking bigger swings. I would increase my risk to as much as 2% per trade. But remember, don’t get reckless. I did this back when there were still 30-day time limits. 🎯

6/ Remain Stoic
Emotions? Leave them at the door. The market doesn’t care about your feelings, so why should you? Determining what was within my control and only focusing on those variables made the biggest difference. 🧘‍♂️

Final Thoughts: Discipline Over Skill

Pip Munch Take: Passing these challenges wasn’t about being the best trader out there—it was about having the discipline to follow a plan and stick to it no matter what.

So, if you’re struggling to make it in this game, remember, it’s not always about being the smartest trader in the room; it’s about being the most disciplined.

So, what’s your plan today?

PS: Here’s a 227 minute video guide on everything I did. It goes into 100x more detail than this article.

20% Off All Challenges! 🎁 

Are you ready to pass a challenge and jumpstart your training journey? 🚀 

At Lark Funding you’ll receive:

✅ 800+ days of on-time payouts
✅ 24/7 Support
✅ Up To 90% Splits
✅ No News Restrictions
✅ No Minimum Trading Days
✅ Raw Spreads
✅ TradingView Integration
✅ CTrader

And you can now get 20% off the challenge of your choice with code AUGUST20. 🎁

How To Crush The Week 💪 

Rookie traders are busy sketching trendlines and hunting for turtle soup setups this week. But the real pros? They’re laser-focused on three big news events that could shake the markets to their core.

Here’s what you need to know. 👇️ 

1/ Toasty Tuesday 🍞

Kicking off the week with GBP employment data and the U.S. PPI. The GBP data is anticipated to jump from 4.4% to 4.5%. Anything above that and we could see aggressive rate cuts that might send the Pound tumbling.

PPI, on the other hand, is a leading indicator of inflation. The expected print? 0.1%.

• Below that = USD 📉

• Above 0.1% = USD 📈

2/ Wednesday = Triple Threat ❌

Wednesday’s a big one. We’ve got:

• UK Inflation Data 🇬🇧

• EU Employment Numbers 🇪🇺

• US Inflation 🇺🇸

The real heavyweight here is the U.S. inflation data. YoY inflation is expected to dip slightly from 3.0% to 2.9%.

Here’s the kicker: Even a slight deviation from this could send the market into a frenzy. 😵 

Remember, the Fed is on edge right now. With everyone clamouring for rate cuts, Powell won’t budge if inflation holds above 3%.

• Below 3%? It’s time to get bullish on stocks.

• Above 3%? We’re stacking up on Dollars.

And that’s your playbook for the week, traders. Of course, this isn’t financial advice, so keep your eyes on the news, not just the charts.

☕️ Pre-Market Fuel

1. Another prop firm announced its closure yesterday. They launched less than 12 months ago. 📉 

2. Whales are stacking Bitcoin. They’ve gone on their biggest shopping spree since October 2014. 🤯 

3. Trump Vs Harris. They’re set to debate on September 10th, and we’re already getting our popcorn ready.

🍪 Digestible Memes

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