Speaker A
Hello and welcome back to episode 6 of documenting the road to another million dollars worth of prop payouts. This is the road from 1.5 up to $2.5 million.
JJ Simon shares his $12,500 weekly prop payouts, trading strategies, and coaching insights on the road to $2.5M.
Key Takeaways
- Trading towards the exact fair price is crucial for maximizing profits on live accounts.
- Using a dashboard to manage multiple prop firm accounts helps optimize risk and profit targets.
- Coaching others can be a valuable part of the trading journey and growth.
- Risk-to-reward ratios should be adapted based on whether the account is in evaluation or funded status.
- Patience and understanding market structure are key to successful trading and managing losses.
What the video covers
- JJ Simon documents his journey from $1.5M to $2.5M in prop firm payouts, focusing on his $12,500 earnings this week.
- He explains why he is not satisfied with the current payout and the importance of scaling up.
- JJ discusses coaching a trader named Jeremy and how Jeremy nearly matched his payouts this week.
- He details his trading methodology, emphasizing trading towards the exact fair price and using a dashboard to optimize risk and profit targets across multiple accounts.
- JJ explains the difference in risk-to-reward ratios between evaluation accounts and funded accounts.
- He describes specific trade setups including gap fills, displacement candles, break of structure, and session-based strategies.
- JJ highlights the importance of trading with optimal risk management and adapting strategies based on market conditions and account requirements.
- He shares insights on trading during different sessions like the Asian session and how he manages entries and exits.
- JJ reflects on some losing trades and the challenges of trading with multiple accounts simultaneously.
- He encourages viewers to understand the logic behind his trades and the importance of patience and discipline.
Chapters
- 00:00Introduction and Weekly Payout Summary
- 01:55Trading Towards the Exact Fair Price
- 03:41Trade Setup Examples and Market Structure
- 05:30Asian Session Trades and Risk Management
- 07:34Trade Entries and Risk-to-Reward Ratios
- 10:45Evaluations vs Funded Accounts Strategies
- 14:30Managing Losses and Trade Adjustments
- 18:20Final Thoughts on Trading Discipline and Strategy
Full Transcript — Download SRT & Markdown
Speaker A
Let me cut right to the payouts, and then I'll go over all of the trades that I did this week. All right, this week I only did $12,500 worth of payouts, which is not where I want to be at all if I'm
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trying to get another million from prop firms. Uh, it's going to get me a little bit of the way there, but unfortunately I need a lot more. I'll just go through all the pages really quick. The reason why I didn't get that many this week is
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because I was not trading much. I was working with Jeremy. You guys probably saw him two videos ago. A little introduction there. But I am coaching him, taking him from zero to hero and seeing how much he can do in a month.
Speaker A
Um, so I will get that video up on YouTube in two weeks or so. But anyways, there's $12,500 worth of payouts from this week. I was not trading much. I was only focused on coaching Jeremy. Um, he did almost more payouts than me this
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week. So excited for that video to come out very soon. All right, so like I said, I was not taking many trades this week, but let's get into what I did and what the strategy tells you to do. Um, I
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wanted to go over a lot in this video, not only my trades, but exactly why I do the trades in the way that I do on prop. So basically what I mean by that is if I believe the fair price is here
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at the 6 p.m. open and it's dropped down and I want to trade a reversion like in this trade, for example, I have exactly 65 points in my favor to that fair price.
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Now the way I trade prop firms is I basically have on my second monitor a dashboard of all of my accounts, and it tells me this prop firm account needs 50 points. This one needs 25. This one needs 70 just based on the optimal risk
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that I've simulated across millions of attempts. And I see 65 points in this example. I look over here. This account needs 70. All right. Boom. Send that account in with one contract, two contracts, three contracts, whatever. So, that is the way I approach it. And I try
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to get as close as possible to the exact fair price. Doing it to the exact fair price, like exactly 65 points, is what you should do on a live account.
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Definitely not on prop firms. And the risk-to-reward definitely does change. It's also based on my dashboard telling me the optimal risk to do for that specific account because you have an optimal risk and you have an optimal profit target. So, if you're able to hit
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both, then you're going to make a bunch of money. Anyways, here's basically what I do. Like in this first trade, the opening candle is green and there's a gap above that we're going to fill. So, it seems like a very strong long
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continuation. These I don't know how far it's going to continue. So, I'll just do a 3.825. That's what my coded backtest has told me is the most profitable one to 1.5, uh, risk-to-reward. Um, so what I'm teaching you guys on YouTube, run
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the 1 to 1.5. This one right here, 3.825 on all of your evals. It is the best for evals. When you get funded though, I personally trade a different risk-to-reward, and that's based on what my funded account needs in terms of its
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profit target. So, you won't see me only taking 3.825s. I know it can be a little confusing, but it's just the profit-specific optimization. So, after that move down, I want to buy back towards the 6 p.m. fair price. In this case, it
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was giving me 65 points. So, I look over my dashboard. Okay, I need an account that needs a 50-point win, and it tells me use this as my stop loss just based on the optimal value. So, um, that's sort
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of what these trades end up being. Um, I kind of have them marked out a little bit randomly because some need different amounts of points, and it does look quite random, but that's just the way I run all my accounts and it makes a ton
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of money. So, I'll just go over the entries because now you know why I do what I do, but let's just do the entries for the rest of the video. Um, this was just a very strong displacement
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candle and pretty much went over all four of these, and the body was huge and there's no wick on top. So, felt good displacement entry back towards fair price. So, sent that one in. Then coming to Asian session. Asian session was a
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red candle. The reason why I didn't short at the very bottom of this is I thought the 6 p.m. open was fair and all this consolidation here was unfair basically because there's no volume here.
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Then the second candle from Asian, very large green displacement, even closed above the 8 p.m. candle. So, I did send one long here, and I was going for 100 points on this account. Apparently, that's literally just how risk
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management works. Use whatever is best, and I was trading to fill the gap. As soon as it gets to 6 p.m., you have a slight bias in your favor towards filling the gap,
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which it mostly did here. Uh, there's no specific, this is a gap, it needs to be filled. That's not how the market works. The gap is just the easiest way ever to look for what reversion is because the gap is where price hasn't, like, wasn't like previously, right? So it came all the
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way down here, and it opened down here. So it's just so obvious that if it came down during the weekend, the reversion is up. So that's all a gap is. It doesn't have to fill to the tick every
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part of it. Uh, you can use it as a bias. That's basically what I mean.
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After that nice break of structure on the way back down towards Asian session, unfortunately got stopped out. Um, this one was giving exactly 90 points in my favor because this is the Asian open. So, if I have exactly 90 points,
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then I'm either going to trade an account that needs 100 or an account that needs 80 or an account that needs 90. So, whatever the accounts I have show me, um, just based on the optimal risk. Anyways, that one
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loses for whatever reason this candle wanted to form when clearly the bias was short. Anyways, I just reenter off another break of this structure. Um, pretty much same exact trade as the first one, just targeting the Asian open
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as fair price. It continues farther down, and I bought twice more. This one I should not have taken. It was after 9:30 when I'm usually done, but it was just such a nice tempting break of structure because there's so much consolidation
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here, and it just broke structure. So, I was like, you know what? Why not just send, send it long back towards Asian open and hope for the best. It didn't work. Then on Monday, eight wins, five losses. And if you'll see these trades,
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they look a little weird, right? See how every single one of these trades is 3.825? Like if I arrow over, they're all 3.825 instead of all going exactly back towards the open like I would do on a
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live account or on a funded account. These were all evals. So it's just so easy. Just send an eval. Just keep sending in the evals, and you're able to get in so many plus EV 3.825 trades. Uh, so 1 to 1.5 risk-to-reward gives me
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eight wins, five losses this day. Now for the entries, I didn't take continuation shorts because the opening candle was green and the fair price was here. So I didn't really want to trade away from that. Um, I honestly don't even
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see any short entries. Maybe that off break of structure, but again the high time frame bias is long because it dumped overnight. So I definitely would not even short. Anyways, now time to start buying. This is the first
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displacement candle we see. This is almost a displacement, but it didn't close above the wick of the previous one. Um, so I just didn't enter there. I waited until we got the close above the wick and the larger candle body. So sent
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the first one, first displacement I saw, send it, lose, whatever. Get ready to send another one on the next displacement and then I layered in trades. Um, the reason why is if I zoom in here, this one here didn't break any
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structure. It kind of broke this structure, which was a little bit invalidated, but it wa
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still in this trade. Um, so like I said, I don't copy trade, but I will layer in trades on top of each other. Um, so if I delete this first entry here, you can sort of see where I enter the second one
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literally just when this candle closes off break of structure. Um, then that one won and I got greedy and I sent another one, which is not the worst at all. It's it's normal that it retraces on its way up just because market makers
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are balancing inventory, but it's totally fine to take something like that. Anyways, move back down. Another displacement, sent one long structure here that gets broken here. So, I kind of layered him in. Not really because this one did it one and then I entered
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this one, but they're both just going back towards fair price. That's literally it. Then very weird red candle. Uh we saw a nice displacement enter there. Nice break of structure off this. So I layered again and then another breaking structure. So I send
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another one in. Um this was a weak not even displacement because it didn't close above. So I should not have taken that and it lost. Strong displacement win. Another displacement here.
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Technically this one didn't break structure. So I don't know why I sent this one but I guess that's why it lost.
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It's easier looking back at it. And then very good displacement here. Then it hits 11 a.m. And let's go on to the next day. All right. 6 p.m. session. Very large green candle. 41 points. The reason I didn't buy at the top is
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because there is a gap at the bottom to be filled. So, I look for shorts. But unfortunately, my entry criteria of displacement or breakup structure does not happen at any point throughout this.
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Um, technically, this is a breakup structure, but it is literally already on the fair price. So, I didn't really take that. You could take something like this where you're just trading it to fill the gap. Um, that would totally be
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fine as well at a 1 to 1.5 and you barely lose. But, it is what it is.
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That's fine. I just didn't take anything. I waited till the move down and then I started reverting. This is the first break of structure that we saw back towards the 6pm price. In this case, 57 points in my favor. So, I would
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take that on a specific account that needs 50 or one of my accounts that needs 60 points or one of my accounts that needs 57 points. Um, I do have some prop firm live accounts and on those proper live accounts, I will trade
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exactly to the tick of what I think fair price to be. like this. I go for exactly 56 and a half points and then uh the stop loss is just risk management based on um optimizations. Anyways, that's the
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first entry breakup structure. It loses. I sent another off displacement because this is a really strong displacement.
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That one lost as well. Then one final entry, a bunch of consolidation here. Huge break of structure. Send another one in. Came all the way back towards fair price. Perfect tick. And then uh Asian session open here on this green
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candle. So, I would adjust fair price probably to be the Asian open and I'd remove the 6 p.m. because when the Asian session opened, it opened here. It moved all the way down. If the 6 p.m. price was fair up here, Asian session would
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have continued up and then stayed there or moved farther up, but it moved down.
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So, I would adjust fair price now to the Asian session. Unfortunately, this perfect reversion is done in one candle.
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So, you can't really get in. There's also no structure here for it to break.
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It is a displacement candle. So unfortunately it reverts in one candle and I didn't get a piece of it. Um after that I was done. I don't know what for what reason but I can't remember it was Monday. It was like a few days ago
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recording on Saturday but it seems fine to trade reversion. Um let me see the entries. This would have been the first entry off displacement and then use 2538. Nice take profit there. Just basically waiting for it to get far
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enough away. This is not displacing cuz it's smaller. Same with this. Same with this. This one's not displacement because it didn't close below. These two can combine to be a strong displacement.
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So, this is where I would take my first trade. Oh my gosh, that is close. Wait, no, it's it's not that close. And then remember, based on my risk management, I'm going to take a specific account.
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So, if I was wanting to trade this on a live, I'd go for 90 points. If I was trading on this eval, like separate eval, it would need 70 38. Sorry. If it was on a specific funded, it would need
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50, 75, 100, 25, like whatever. So, um, you can just do whatever works for your risk management. Personally, most important thing is get as close to fair price as possible. In this case, if there's 90 points in your favor, you'd
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want to trade a funded account that needs an 80 point or 100 point take profit. Don't trade your funded account that needs a 40 point take profit on this example when you have so many points in your favor. But very nice
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reversion for Asian session. And then it hits 9:30 and I'm done. Next, New York AM. What a day. This is an insane day.
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Um, 10 wins, three losses. Very, very, very strong. Um, basically what happened here was CPI. Um, I believe I believe it was CPI and the Wednesday was PPI.
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Anyways, 200 point green candle. News is always priced in. So, I'm just going to trade all the way back down to the pre-news price. And in terms of the entry is very very simple. Um, this is a perfect entry. Like I bet the entire
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house on this entry. Um, like every not all my accounts. I do I do copy trade the news events like cuz it's the highest probability to revert. Anyways, um breakup structure. This is not displacement because it didn't close
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below this wick, but insane perfect breakup structure right there. A+ setup. I am so confident that it's going to revert these news candles because it's priced in. They already have a forecast for the news. And if it doesn't deviate
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from the forecast too much, then it's just going to revert. Even if it does deviate, it's still reverting in the long run. So, this is the best possible trade you can take with my strategy. If I traded a live account, no profs, I
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would only trade news reversions. The AM session reversions are perfect, but I would bet so much on these news reversions and I would bet so small on the New York reversions because the news ones are so profitable. Um, in this
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case, I did send pretty much all my funded accounts. So, I was only doing evals the rest of the day. That's why these are all 38.25 and why I didn't get too many payouts cuz this week I was
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getting a ton of evals passed. Anyways, yeah, entry breakup structure. That's pretty much about it. If for some reason you missed this one, then there is another breakup structure here that would also work. Um, but yeah, perfect trade. New York AM even, let me move
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this over. New York AM as well opens red. And at this point, like I'm just so confident it's going to come back down to the pre-news price. And plus, remember guys, if the opening candle is more than 25 points, I'll use a 5076
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instead of a 2538. So, that's like a little bit of ATR that you can change.
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Um, it doesn't really matter. I kind of try to use my discretion if I ever want to change the the stop-loss size on these. And by stop-loss, I only change contract sizing. My take profit and stop loss are static. But anyways, it's
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exactly 76 points back towards the fair price, which is literally exactly 1 to 1.5. So amazing setup there. If for some reason you miss this one and this one, then perfect AM continuation. Also, interesting fact, some people were
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thinking the open was fair. Now you have two prices to determine between the the open and the pre-news price. In this example, I decided the pre-news one was fair. The reason for that is it opened here and then boom went straight down to
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the pre-open price. And because it did that when the volume came in on the open, it went straight down to a fair price. So I would no longer consider the AM as fair after 9:34. I would only look
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to trade back towards pre-news price. And that's why I have one, two, three shorts here marked out. Unfortunately, only one of them won, but nothing you can really do about that. Um, basically displacement candle, displacement candle, displacement candle, and they're
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all about 38 points. So it's very strong to trade evals in such environment. After that another move down good displacement candle buying back up towards the fair price consolidation at fair price move up unfair. Short once short again um just because you still
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have 38 points and it's still displacing down. Better entry would have been this to layer them on top of each other because right here is a break of this structure. So that would have been a better entry but for whatever reason I
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waited until this one finished and then sent that one in. Then it hits 11:00 a.m. and I was done with Tuesday. Now 6 pm of Tuesday, opening candle was red and it filled the gap instantly. So seems like a very strong one to send a
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2538 point eval trade on. Nice take-profit. Then right after take profit, it breaks structure back up towards 6 p.m. So um pretty much two perfect backto-back trades within very short time. Uh so very good start to the session there. This candle was kind of
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messing me up. I believe there was no news. So I was like, why is this candle forming if there's no news? Um, but whatever. So what I did when Asian opened with the biggest red candle I've ever seen, 32 points, I shorted with a
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5075 76. I do 76 instead of 75 because uh there's commissions so and fees. So it basically makes it like 75. Anyways, just shorted there. And then as soon as this one lost or it broke structure up, I adjusted fair price to the Asian
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session instead of down here at the 6 p.m. session. Um and then after that I was just looking to trade around the Asian open price which was here. The entries that I got were break structure perfect for 16 points. So these are very
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weird. So with a 16 points in your favor, it's going to be like very specific accounts that need such a small scalp according to optimal risk and they'll only trade each account once throughout the day. After that, another
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move down. Nice displacement long. 14 points in my favor. I'm still going to take it because why not? And then at that point, I was done for whatever reason. But you could short off this displacement. You can short off this
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displacement. Seems to have respected the Asian open pretty well. Actually, I'm done by 9:30, so I wouldn't take this final reversion. All right. Now, Wednesday, poor win, four loss. Not the best day for whatever reason. Here's what it looked like. Opening candle of
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news. This was PPI, which is again always priced in. is going to revert. First entry I got off break of structure for whatever reason did not win. Uh I am honestly unsure. So then I waited for another displacement. Remember these
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three are not displacement. Even these four working together are still not displacing this green candle. So no entry here. Finally we get a displacement. This one's smaller. So not smaller. So not smaller or I guess the same size but didn't close below. So
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also not finally displacement here. 25 point stop and a 105 take profit. So, this would probably be good for an account that needs 100 or one that needs 110. Can't remember exactly, but anything near this is really good. Um,
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it's fine to send an eval short here for sure for 38 points cuz it's still points in your favor, but might as well capture all of it and uh you can be really really profitable on prop firm. So,
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that's why I sent this one in for 100. After that, another entry here off breakup structure layered in uh which is fine. This one was an eval for 38. and then layer in another EVA off another break of structure also for 38. This one
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lost but it is what it is. Then it opens came back down to pre-news price. So like I said for the previous day instead of treating the open as fair uh right here you would treat the pre-news price
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as fair because when it open volume came in and it got down to this price here.
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Hence the three attempts to get back towards that. Looks like two of them won. Displacement entry displacement entry and uh it's kind of a a FOMO entry. Not the best, but seems to be displacement. Again, if you were trading
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funded, send it for 85 or 80, like whatever your account needs based on the optimal risk. After that, it's came all the way back down. So, definitely deleting 930 because here it started going down with huge volume. Um, which
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honestly might have been some sort of news, but I was not seeing anything, which is why I bought here. Um, horrible entry. I don't know what I was doing. I don't know why I did not enter off of
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this. I think maybe these the size of the red candles was spooking me a bit and I wanted to wait for a consistent set of green candles, but you know, I don't really know. I can't remember.
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Anyways, just two entries long. Uh this one off displacement and then this one off break of structure. I definitely entered there. I don't know why it's at the top, but anyways, they all would have lost. That is it for Wednesday and
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then 6 p.m. on Wednesday. Let's see. 6 p.m. on Wednesday. Opening candle is green and the gap gets filled instantly or there is no gap. So I took a continuation when the second one closed as a break of structure. Ideally would
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have entered on the first one but they both lost. It is what it is. Fair price is definitely 6 p.m. nicer version here but it kind of happens in one candle. So it is what it is. Then Asian open here
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uh gets back to 6 p.m. really quickly. So I should have bought right at the top of that candle but for whatever reason I waited until this one. It's fine to wait for a break of the structure here. Um,
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kind of like the same probability entry because this is break of structure which is stronger than a displacement, but it is higher. So, I'm not getting as much of a discount. So, about the same. It doesn't really matter. Anyways, the
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continuations I'm pretty much always going to do 38 25. That should be 25. Um, because you don't know how many points are in your favor. Obviously, for reversion, you can see, okay, there's exactly like this one. There's exactly
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47 points in favor of my reversion. So, I'm going to take an account that needs the closest to 47 points. But remember, you have to run simulations to find the optimal risk based on the profit rules and then basically display or print out
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this account needs this many points in my favor or this account needs 50 point take profit. This one needs 40. And then if it's giving 47, I'm going to take the one that needs 50. You're going to make
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so much money. I promise like six figures a month if you can get that down. Then uh nice wick rejecting longs and displacement candle short. Nice backtoback 38 point wins for the Asian session. After that, it breaks down
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below. So, I would adjust fair price, delete the 6 p.m. one. Now, treat 8 p.m.
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as fair because it broke down below. Uh, for whatever reason, I entered. Actually, this a good entry. What am I talking about? It's a strong displacement, and I'm getting 16 points in my favor. Uh, remember, I usually do
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3825. But if there's not 38 points in my favor, in this case, there was only 15, I can do a 19 12.5. So, basically dividing this by two, but multiplying my contracts by two, so I win the same
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amount of dollars each time. So more contracts on this trade because it's less points in my favor. So that is also another thing that you could you could implement. After that I see a nice 38 point target pretty much exactly towards
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fair price. Enter off break of structure. I don't know how this one lost of such a good setup but you know whatever. After that it hits 935. I should be done trading at 930 but there was so much consolidation here. I swear
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I've said like three times this video there's a chunk of consolidation. I just want to break structure and then keep going. Uh, so I got a bit greedy, went five minutes past my time and then sent it for this looks like it would have
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been one of my 75 point take-profit trades. Anything would have worked here. Um, but yeah, there was nice, very nice reversion multiple times through this Asian session. Now, New York of Thursday, quite interesting opening candle, very green. So, I just bought at
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the top. It was 39 points. So, I did a 5076. That one lost. Oh well. Fair price is the open and I'm going to buy back towards it off displacement. So, let's look for the first displacement candle is right there. Why did I not take that?
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I don't know. Um, but 170 points in your favor. So, this is so many points in your favor. What you can also do is have your outputs give you a bunch of different take-profit stop-loss sizes. Um so for example if one was 25
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38 you also know that you can double your contract size and do this sort of trade and you can half your contract size and do this sort of trade right so you can have all of these printed out um
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even print out more like double this and then that would be 100 and uh uh quick math here I hope that's right 152 points um so that's pretty close to 170 so it would be appropriate for you to do minus
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100 points plus 152 points. That's just an example. Um, but if it's 170, sometimes you can add you can do this sort of scaling mechanism that I have drawn out here. Um, so that your 25 stop loss can become 50. Or honestly, you
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could just do this for every single trade you ever place and you're still going to make money. It's kind of up to you. A little optimization here that you can do. But anyways, this seems like it was the first entry. Good displacement.
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If you missed this one, then this is a very, very, very strong break of structure. No idea how this lost.
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Whatever. There's another break of structure here. You could also enter off that. And then final trade of the day.
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Another break of structure. Apparently, I went for 100. It was giving 85 in my favor. So, I probably had one account that needed 100, another that needed 75.
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And if it was giving 85, I was like, you know what? It's just going to run for 100. Um, so I let that run with 25 point stop. So, very, very good reversion there. And then a bunch of consolidation
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right here, proving the open was fair. So consolidation does help indicate fair price if it is during a session because that is when the volume is most obviously then it does move down. So right before 11 when I'm done sent
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another one long for 38 points just off displacement. I should have entered here but for whatever reason I waited until that very very good day on Thursday and then 2 p.m. session was kind of bad. I just bought because the opening candle
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was green and I kind of just was like h it'll get the bias is towards open and the open was green so I'll just buy lost two unfortunately it is what it is next 6 p.m. session opening candle is green,
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but there's a gap that you have a reversion bias to fill. So, I just shorted off breakup structure. Next would be this is a horrible entry actually. I remember this for me in real time, but basically what happened was it
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filled the gap and it came all the way back. It was like a it was like a jump like an institution bought a ton of orders that jumped at like 10 points or so. So, it was a bad entry. I got so
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greedy, but it played out so got lucky. Then, for whatever reason, I had very good luck and I was not buying through uh this move down. But if you were, I see a good displacement candle here, here, or breaker structure here that you
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could have entered on, or break a structure here, or break structure here that you could have entered on. Feel like I entered on one of them. I can't remember though. Uh, anyways, it's not on the chart. So, whatever. Asian open,
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huge green candle, huge by 26 points. So, do 5076 back towards 6 p.m. pretty standard continuation trade that loses for whatever reason. I don't know. Very standard trade according to the strategy. Then you would adjust fair price to be this now because when the
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volume came in on Asian session it made its way down or kind of up but mostly down obviously. So when this volume came in if 6 p.m. was fair it would have gone up but it did not. So now I treat 8mm as
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fair and I trade a reversion. Well I don't know why that's at 33. It would probably would have been 38. Trade a nice break of structure here. That one loses. Wait for another breakup structure and that one wins. as this
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should be 75 because my funded account on that specific site that I traded needs 75 points. And remember, like I said, you can also scale this. So if a funded needs 75, you could take cut the contracts in half and go for 150. Then
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this would also become 50. So you could do that too if you see 150 points in your favor. All right. Now, Friday to end off the week, we had a high time frame bias of long for reversion just
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because it dumped a lot overnight. So I was very happy to take this continuation long on open. unfortunately did not go all of the way. Then for the reversion back towards the open, I had two entries. Um the first one off this
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candle was not displacement. I should not have entered, but I got greedy. I do have a problem with being greedy, but and I I wouldn't say greedy. I would just say I need to get through so many accounts and I feel like prop firms are
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going to get worse and worse and eventually go out of business. So I'm like I just want to force it, get in all my accounts. But I mean it's not the worst thing. Anyways, I think it won. I
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can't remember. This was literally yesterday. I don't know how I forgot. Okay, it lost. It looks like it lost by 0.25. Whatever. Um, anyways, next candle we get a strong displacement again. Or not again, the first strong displacement
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and then send it with a 25 point stop. Take profit 125. Perfect trade. Um, also interesting fact, if you see 125 points in your favor and you only have a funded that needs 100, you don't have a funded
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that needs 125 or 150 according to your optimal risk, then you could take it on a prop from firm live account because any profit target on a live account is the same expected value in terms of risk management. So, do exactly fair price.
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So, I definitely took this on one of my live accounts. And by live accounts, I mean proper live accounts. If you're trading on a real live account, please get on proper. You can make six figures a month. If you're not doing at least
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30k a month on your own live account, there's no point in trading it. Like profirms are the biggest generational wealth builder right now. Um anyways, displacement entry there. Send it long.
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Uh if you miss this one, you get a nice break of structure here. Is a very very weak weak weak breakup structure cuz there's structure here that gets invalidated or fail to break one two times. But then this one does close
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above these here which kind of textbook does meet the definition of breakup structure and then send it for 90 points or whatever you need. After that I would try to revert off break of structure. Um sometimes you know I like I say I do
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displacement sometimes do break of structure. Maybe you're wondering like what does this guy actually do? I will do everything anytime there is points in my favor meaning my bias is correct. I want to trade an account. I want to be
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exposed to my bias because I'm on a prop firm and the risk is limited. So, I want exposure to my bias. In that case, I will take any displacement candle I see on an eval. And the reason for that is I
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have so many evals that I'm trying to trade because I'm scaled up on 150k accounts on so many different prop firms. Some 50k, but mostly 150ks. So, I'll literally take every displacement I see just so I'm able to get through all
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of my evals every day and I have very, very good speed when it comes to eval passing to funded. And then I focus most of my effort on funded accounts to actually like make me the money that I'm
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taking in payout. So displacement usually goes down to an eval entry because it's a little bit worse than a break of structure. Funded accounts I'll save for break of structure unless there is no structure for it to break. Let me
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give you an example. Um in this one down here, there is structure right here for it to break because it's a wick that is taller than the two next to it. So this is structure that I could see, okay, if
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it breaks this, then I'll send funded. If for whatever reason these two candles did not exist, pretend they didn't exist. And this candle, this one was just a red candle that was like a very wide red candle for whatever reason.
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There was no structure here. Then you would physically have to take a funded entry on displacement because there's no structure for it to break. So that is when I would take displacement on funded. Um anyways, here you see a
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really good structure, but it doesn't break. So that's why I didn't take a trade here. Then this is a little bit of consolidation and then a break of structure to the upside. In that case, that is an example of when I would
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adjust fair price from the New York AM session. So after it moved up, very nice break of structure here. Sent it for minus50 plus 100 just cuz that's what the risk on my account said and it lost whatever. Then we had a really strong
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break of this structure. This structure is stronger than this structure cuz this one's been out like outstanding or like existing for longer. So it's a little bit stronger if the price breaks it for whatever reason. It broke it and then
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instantly turned around. Uh I don't know. Don't ask me why. Anyways, another [clears throat] structure formed, another break, sent that one short and unfortunately, um I feel like that was my profit. This would have been 75.
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Unfortunately, that one lost as well, but it is what it is. Uh fair price started to be the open and then I did adjust it. So, that's kind of why these should have been smaller. This should have been an EVA. I have no idea why
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this is marked out as it's a longer trade. It was probably an EVAL or maybe because the breakup structure was so strong I got greedy again. Whatever.
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Anyways, on days like this where it looks like I lost or I had this one here or something and I lost it by like 0.25 or whatever, it looks like I lost one, two, three, four, five. So, I lost five
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trades and I only won one trade, but it had insane reversion here and then a decent reversion here to at least there.
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So, very strong reversions, but I only won one out of six trades. That's literally just variance because the bias was correct. So, nothing I can do about that. Unfortunately, didn't end off the week strong, but um very good to be on
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prop firms because when I'm losing, I'm only losing the ETH fees. So, structure your risk good and you're going to make a ton of money. The reason for this actually was 2 p.m. session was red and the high time frame bias I thought was
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back short. So, I just took a short here off this placement candle. Fun fact about Fridays, the last hour of Fridays, institutions are going to be entering a bunch of futures positions to hedge their options through the weekend or
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exiting a bunch of futures to derisk throughout the weekend. So, there's a very large volume spike in one direction every single Friday in the last hour.
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You should go check that you can revert because it's an unfair move. 3 p.m. last hour starts here. This seems to be the unfair move to me because it didn't go up. It went down. I'm just going to
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revert that off the first break of structure that I see. Structure here barely structure by like 0.25, but it is taller than the two next to it. Perfect break of structure there. send it all the way back in towards exactly the
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price before the volume spike, which seems to have been right there. And then perfect, just to the tick right before at the end. So, at least end off the week on a win. But that was all of my
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trades and payouts for this week. Mostly focused on Ebal and mostly focused on teaching Jeremy. I'm going to have an insane YouTube video coming out soon.
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Maybe like two, three weeks with him. Um, where we turned his 3K into, I don't know, however much. Um, we'll see. I guess you'll see too. So definitely excited for that one. And also next week I will be in Miami filming a student
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event. I'm inviting five people out and I'm going to live trade all week. Get an insane vlog like the last one. Um if you're interested in watching me place all these trades live. I don't go live on YouTube because prop firms don't
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allow copy trading. They don't allow group trading or coordinated trading. So I personally can't just go live on YouTube. But if you want to see me like actually entering the positions as the candles form, go check out episode five
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of this series. That is where I just had a little camera. Where's my camera? I had this little camera. So, I literally just recorded every single trade I entered as soon as I entered it and as soon as it lost or as soon as it won.
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So, if you want to see like how I actually enter these positions like as the market's moving instead of like on a recap, then definitely go check out episode 5 of this series. But definitely excited for episode 6. It's going to be
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another live one where I hold this little camera, run around, and then record my entry. So, definitely excited for that one. Maybe some Miami content as well cuz uh got a really nice house, private chef, all that sort of stuff. So
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100% excited for next week. Hope you guys are too.
Topics:prop tradingJJ Simontrading strategyrisk managementfair price tradingprop firm payoutstrading coachingevaluation accountsfunded accountstrading psychology
