FTMO $200K Day Trading Challenge LIVE Episode 6

DISCLAIMER: I DO NOT RECOMMEND THESE CHALLENGES. 90% OF PEOPLE FAIL. TRADE AT YOUR OWN RISK!
In this new video series, I am taking the FTMO $200,000 Challenge, where I will grow a demo account 10% in 1 month in order to receive a funded account of $200,000. I will show all of my trades live, scalping the S&P500 each week until the challenge is complete.
Episode 1: • FTMO $200K Day Trading...
Episode 2: • FTMO $200K Day Trading...
Episode 3: • FTMO $200K Day Trading...
Episode 4: • FTMO $200K Day Trading...
Episode 5: • FTMO $200K Day Trading...

[@fxg5242]

Bro you’re confusing greed with trust in your edge. Some of your trades are busts bc you move to BE too soon or close too early bc of fear. There’s a lot of psychology work needed to be done. Just being honest. Long term, this is not how a trader should be approaching the markets.

[@mohaa_akk9724]

I agree, he needs to work on his psychology

[@zBEZZERz]

Most on point comment here! Its not greed its more of moving his SL too early.

[@zabrakhan5178]

yeah tbh i don’t think bro really has a solidified system. when he’s in trades he acts on impulse

[@Siegefya]

The last 2 had nothing to do with moving his stop to BE early, it had to do with his entries...most of these trades in general he got in too early but the last 2 show it well. Got in too early didn't let price break the EMA like he said he was looking for, then asses if the long thesis is still strong, Ie see if it continues down and away from the EMA or breaks back above, continuing down would mean price most likely pivoted, coming back above means his bull thesis is still strong and it was just a heavy retracement...instead he got in early, and drawled down too heavily and stopped out...he repeated this mistake the next trade, which I think he didn't take long enough to process what was going on before entering again. Another thing...he's trading off the 1 min but also using the 5, I don't think he's paying enough attention to price structure on the 5. The pattern that formed on ES that day is a pattern I we seen a lot this week....market will push down and maybe even double bottom, then bulls will take over until lunch..that happened a couple times this week as on the long time frames it's looking like we are getting a market reversal. At any rate, his problem was mostly his entries. But yeah, there should be a method to moving stop to break even and/or following your runner....and not based on candle structure, but rather points, or how much you're up...like, being up at least 5 points on the ES then moving it to break even..if it keeps pushing you trail it by 5 points. I don't think he does that but could be wrong, but it seems from the videos he moves it to break even by feel. Which can work as well, but I don't do that. Once I have a certain amount of points green, then I start moving my stop up. on ES I want at least 5-10 points before I move that stop, on NQ...it's different because NQ moves like a crackhead...I want to see 10 points or more before I move to break even.

[@fxg5242]

@@zabrakhan5178 100%. I’m not sure if he has data on his edge over a long period of time or over a sample of trades but apart from his edge, his act on emotion is not good. Imo he needs to either refine/change his edge or lower his risk at the bare minimum

[@arieldelgadofx3540]

It’s a mental thing brother. The first challenge is always the easiest, once you get to the 2nd phase its harder to pass because mentally you tell yourself you’re almost there. Sometimes we go away from what originally got us to that point just to pass the 2nd phase as quickly as possible. Go back to your earlier videos and look back at what worked. You got this bro!

[@willdannelnavarro3241]

This is what I am facing right now, it is very hard to control emotions sometimes

[@sterben_5405]

I think the first is hardest one, the second we just patient and don’t rush. We have time, and just small target than first challenge.

[@joaott1974]

One thing i appreciate here. This guy as courage.....showing losses is not easy. Got my respect. Following channel.

[@JosHmarFX]

Follow me to 😉

[@kriswatson2096]

Man no one else has it in them to be as transparent as you. Keep it up. You will get back consistent and bounce back from this.. God bless 🙏🏿🙏🏿

[@maclean111111]

Well said 👏🏻

[@Correcto2]

Fax

[@ItsCyberWolf]

Love to see how positive you are even after losing those trades! So motivating!

[@jjfattz]

You seem to have more success when price does these two things: 1. Price touches the ema first. 2. Your entry candle breaks the high of the previous candle, this seems like the optimal entry point.

[@alexelahoul5177]

Thanks a lot for showing your journey! You're really helping people and I hope you'll pass the challenge i'm waiting for your videos every week.

[@doubledosejay]

It’s a great thing you recognized what it was that wasn’t helping you and that you have a plan going forward I know you will bring the account back up still plenty of time !

[@fish4096]

passed my FTMO 100k account today, just waiting on 4 more days for minimum trading days to get a funded account also ur direction has been right all the time. just use lower trading size and put a wider stop loss.

[@Capital_HQ]

This stage seems the simplest, but it is actually the hardest. The comeback would be insane. im rooting for you👍👍

[@Wendy-er5tg]

Thank you Leo for putting out another weekly video. Some of the comments below are pretty insightful. You got this. looking forward to your next video.

[@michaelr1441]

Bro stick to your 1:1 RR you seem to have your best performance with those parameters. I’m rooting for ya!!👊🏾👊🏾

[@Caring4Self]

I'm learning so much from you. Thank you for being so transparent. I'm sure I will see you kill It AGAIN as I proceed through these videos as you've proven you are a very professional trader.

[@juliustrading]

Live trading is the best education! Thank you for sharing your journey with us🔥

[@anibalemiliano6651]

You can do it, Leo! We all love and root for you! 🙂PS: I'm also trying prop challanges and see a lot of you in me. You can do it, man!

[@KennySVG]

Man I used to think I was wild an impulsive. This dude is on another level.

[@JosHmarFX]

It's actually a nice content. Although you might not win the trades, the realness you show there... That's Gold 🔥 It was really nice watching the video.

[@honestrob6993]

Leo FairPlay to you man… I revenge trade way too often… on that day 3 if you’d have just used the 20 on the 5min for your short entries you would’ve absolutely smashed it. Great content man. Appreciate you brother.

[@tradewithhamza]

Brother thanks for your transparency ! Keep it up

[@flash2867]

I just started watching this series today and love the transparency, you shown yourself you can be profitable amd patient by having 7 trades in a week 60%+ win rate amd good profits. Hone in on that, back test like crazy. And think like this. Even if your scalping you have a 200k account. Even making 5% a month with a 85% profit split that’s pushing 6 figures all from trading. So be patient and wait for that setup. Set daily/weekly goals. That’s my approach to my 100k. I make $24/hr so I’ll take 5% on that live it’s way more then what I make working my life away in less the time lol may not meet the funded requirements but waiting for the type A+-B trade will get you right

[@Sograd7]

God bless you my man! You can do it! I'm waiting for your payout.

[@airjonnyq]

Really appreciate the transparency of this vid! Great stuff! I never use ema's and it was really interesting watching you trade with them. I know everyone has their two cents here, but market structure, risk to reward, and patience would have stopped me taking some of your trades. That section of trading from 8-10 min... The highs were never broken, so in my opinion no reason to long. Some of you entries based on that structure made for unnecessary losses.

[@khoakhoanguyen8104]

Best of luck, and thanks for sharing, bro!

[@MrWackydoodles]

bro, just an advice, whenever you see a trendline develops to the downside with 3 or more touches, avoid shorting as liquidity has already been generated above it and the algo is likely to grab those stops.

[@forexkhan7421]

Hello brother, you are doing great 👍 I would suggest take one entry at a time. Don't enter twice at the same time

[@shbmsrto]

There's a model we call R3 that keeps scaring you out bro. Here documenting my ICT trading journey on KZbin as well 👊🏿 Respect from Jamaica 🇯🇲 🎈

[@tebatsomsiza8585]

Bro, look into the concept of liquidity. Your trading will be stronger. Candle stick close, liquidity and volume. 🙏🏾🙏🏾🙏🏾 Keep going. Love your content and transparency.

[@CiTRusEnIMa1]

I rate you for the rule change, think it'll definitely help in the long run

[@ericnyamu9981]

I tell you you'll never pass this challange trading like a robot and trading these lower time frames. You can kiss this challange goodbye if you keep trading like this. What you need is to find setups that allow you to hold the trades for long. The Less trades you put the higher your chances of winning this challange.

[@TheLegalHeist]

I think, instead of using the 5min on the left. Use DXY. Us indexs does the opposite of DXY. Then you can tell if you will be in an up trend or down just from that alone.. also helps with being confident and help u stay in your trades... more likely if the dollar goes up index goes down

[@terajuana]

The problem with trading emea pullback is you have to guesstimate where the optimal point is for entry. You might be better off using the emea as directional guidance and using a different entry method. You want to be getting in on the move and not guessing if the pullback has been sufficient.

[@savytaco]

Agreed like waiting till the close of a candle, in the direction of his bias, and he can eliminate fomo because he HAS to wait till it closes that would be in him for not following his rules if he does other. Wise

[@Fr0zZeN69]

Bro you are buying on the H lol, you need to take the book bro 😎

[@mrYayheee]

I think the strategy is waiting for a touch of the 21 MA, but then most entries are before that actually happens. I think with a bit more patience for price to pull back more you would get a higher strike rate. Just trying to help! I think it's very brave to put your process out there for everyone to see. Kudos!

[@JosHmarFX]

Just trying to help here as well. If your ego don't mind trading with indicator, feel free to test out my strategy. See if it works or not🤗

[@jordancaro9859]

I think you should use more than price action. Look for levels of support and resistance from the previous day or a bigger time frame. Wait for a high quality set up, instead if getting chopped up. Also, when you get a great entry, trail your stop loss and push your TP up. Plenty of time you caught a big move but it went against you because you moved it up to BE instead of in profit

[@b.i.6007]

I agree with you , while watching this video I saw some good setups I'd have taken , like break of structure to the down side then a retest on the supply zone that caused the break , price later came down to take out the low , a super clean setup indeed !

[@barginhunters3849]

Hey man a little advice imao your taking to meany trades and your very keen to get in if you stay more Patient and remember that market moves only in 2 directions that it simplify with heap

[@thrdworld5596]

Stop orders have proven useful for me. So instead of worrying about having perfect timing you can just ride the momentum since scalping is heavily based on momentum anyway. I also don’t really believe in giving money back to the market when in profit being a scalper myself. Take profits are just areas not guaranteed but momentum and candle rejection wicks are real.

[@texastrader_]

Thanks to show the side of losing money, no one used to do the same

[@MrMelo34]

My advice would be if you are putting 2 positions.. alot dont its very risky .. let one run at breakeven or partial it .. that first trade may have almost passed verification..

[@AhmedMohamed-wx2nz]

I have downloaded all your vidoes and watched almost 3 times, giving laser sharp focus what I have noticed is that you were rigid on the rules in the beginning, ""same issue i have went through 1 year ago"", but later on rules were slipping out of your hands, here is my recommandations reduce the risk little bit since we have enough time and stick to the rules, hopefully we will bo on truck, we're togather in this leo. thanks for transperence.😜

[@tonykato449]

Love your content bro !

[@barthilhorst7551]

That was a rough week for you, hope things will clear up next week.

[@DeniProsenDenyDoom]

aaaaaa this last trade, daaaamn, keep up bro...we are in the same boat

[@TungTran-ft3pe]

Hi Leo, thank you for the transparent in your trading . I am starting a FTMO challenge next week and will record my journey as you doing. Looking forward to share it with you every weeek

[@JosHmarFX]

Please pass the free trial twice before buying a challenge. Please...

[@JosHmarFX]

Anyway, if you're going to take it. Good Luck 🔥

[@TungTran-ft3pe]

@@JosHmarFX Hi Hmar, I will trade a 0.25 risk for my A+ setup, the goal is to become consistent not to win the challenge. Thank you very much for a great advice

[@JosHmarFX]

@@TungTran-ft3pe I am planning to take the challenge as well before July. I'm planning to upload my Journey here in YT. If you need a friend to tag along, drop in sometimes😉

[@TungTran-ft3pe]

@@JosHmarFX do you have telegram ? I lost 4.6k today. Almost get to max daily loss. I traded in the afternoon, trying to test out the lot size. Then boom, in 4,7k loss in no time .

[@MarleneDietrich100]

I appreciate your honesty

[@tbrtrading9056]

Good job man, you should start trusting yourself a bit more. You often exit profitable trades because you think you know where price is going. but its impossible to predict that on a trade by trade basis but you dont have to know this to be profitable, also have you tried higher timeframes? the 1hr and 4hr aren't sexy but they helped me pass. the engulfing candle, also helped me alot. along with trading in the zone audiobook by Mark Douglas. but again good job man, you will get there, I can tell by your emotional self control.

[@silent77785]

The big problem is you need stop using indicators they lag but instead learn how to read market structure, do top down analysis and only focus on clean price action good luck.

[@BigSwingingTicks]

congrats on passing phase 1 bro!

[@iamshaahid]

Man, I watch all episode, for me the main mistakes you do in phase 2 is OVERTRADING AND OVER RISKIN. Even more over trading. All in all thanks for the transparency

[@BOKBrand]

Hey dude these episodes have been super entertaining and informative! Do you have the ability to trade smaller positions on that platform? I feel like a smaller position would allow you to spread your SL/TP out a little further. It seems like the Algo's know exactly where your SL is and price bounces in your favor after taking you out. I'm new to trading and trade the 1 min as well but noticed the 2 min chart EMA provides better levels than the 1 min depending on the day. Referencing the 1 min. 2 min. and the 5 min. 40 EMA and 200 MA before entering a trade has been a game changer for me personally. Anyways good luck on the challenge!

[@BOKBrand]

​@@nicktradesmta Fair enough, what you're saying makes sense. Reread my comment though. I guess you could interpret that I'm offering advice but I simply shared my personal experience. As stated I'm new to trading, so my motive is sharing my experience to potentially open the door to others sharing their experience with me.

[@JosHmarFX]

I don't think the Algorithm knows where his SL/TP is placed. He's reacting to the change in variables instead according to me. Anyway, it was a nice content.

[@ShawnyChao]

Don't be discouraged, i got destroyed this week too, it was an erratic week, i lost 60% of my month's profits in a week

[@RichyHH]

what ema do you use broski ? and why dont you wait for price action to pierce through the ema then close back in direction you want to trade before entering a trade

[@sangramshelke8340]

True gambler. Very nice gambling advice :))

[@FxTrucking]

Bro. Add a macd to your system. 5. 15. 1 trust me this will help. Your system will not allow you to be above a profit factor of no more than 2 or 3. You need something to help confirm your trades. Like i said last time use an 8ema or sma. Add the macd or and rsi

[@Ryan.trades]

Keep learning mate, you’ll get there. You only fail when you quit.

[@traderzoloo]

I would recommend lower lot size to 100 or 150 for one or two weeks. I wish you keep trading this challenge.

[@robbertvanrijswijk5608]

Oke bro, ur trading is all over the place. get some hard rules in place.

[@richardagyei6256]

Am sure if you can check your lots, where you take your TP and SL it will really help you, by that I mean Rick management thank you.

[@newestreviews5113]

You’re doing great bro but id put money on the fact that if you avoided impulse entries and wait for candle closures you’d be slaughtering 🔥

[@joshuajaftha5759]

I love this series

[@amiraa7566]

Hi there , I think Try to Trade with Market Stracture is better for you, classic pattern and indicator like EMA always GRAB THE LIQUIDITY FOR MARKET MAKER , so know the liquidity or become to liquidity !

[@jsmith704]

Looks like you only look for buy set up. With EMA strategy . Salute.. for showing your set ups.

[@georgemwangi17]

How about you enter based on 5min pullback to the ema and look for a 1st and 2nd rejection of a support/resistance zone on min1 ( on your chart its always a false break of that ema)

[@MegaKiller1234567891]

Bro just trying to help but seems like your stops are too tight sometimes. Might be a good idea to lower your position so you can have a wider stop loss so the market can breath a little more. Keep on grinding broski!

[@larsruckstuhl5106]

Hey Bro 👊 really nice u episodes 👍👍👍I will start my 200k verification soon 🔜 greetings

[@marloflo]

14:34 was a news candle bro. new home sales data came out at 10 am EST and stopped you out

[@daria5100]

I'm not one to comment on any videos but I think you have potential. I suggest you pay attention to 0945 and 10am news. That's where you failed on the last day and got faked out. Secondly I think setting stop loss based only on 1% is probably not so good. It's one of the mistakes I made in the beginning of my trading journey. Lastly I think it would do you good to watch Patrick Weiland, he trades every day live on KZbin for 1h or more. He really thought me a few things. He trades ES futures just like you

[@lucilephilippe]

It's very brave of you to post your results online. Hopefully it will help you identifying your biggest mistakes (both in terms of mindset/psychology and strategy). 90% of the negative comments here are unfortunately correct. It's hard to accept but sometimes we get so stuck into our own bubble that we cannot accept and see clearly your own weaknesses. I recommend you to read the book Trading In The Zone by Mark Douglas, I believe it will help you massively. From an outside eye, you make some obvious "beginners" mistakes : - scalping the 1min is EXTREMELY difficult and takes A LOT of experience & skills which I do not believe you have acquired yet. - your lot size is ALWAYS the same??? your risk should be pre determined depending on your SL placement. Risk management is the most important skill. - SL placement : come on... at least give yourself a chance man, your SL should always be above or below the last swing. Your SL's are way TOO TIGHT... just look at the amount of trades you took, got stopped at just for the price to then go in your direction..... This is what messes up with your brain the most. Put your SL in the safest place possible - we all know the price can create deep pullbacks. - Buying the top & Selling the bottom - you do not react to the price action : you anticipate the moves. Wait for your 1min candle to close. You would avoid yourself getting in on the fake breakouts. These are basics mistakes easy to correct. I wish you the best of luck in your trading - do not give up!

[@AM1998-]

You should learn how to trade with strictly price action no indicators. Not saying moving averages don’t work by any means but if you can learn to trade with just reading candles and market structure ,moving averages are really just extra confluence but not needed. Wish you luck in your trading bro!

[@CR-vl3pz]

You are only trading depending on EMA. Should consider trading lines and classic patterns (double top and double bottom). Beside u need to take the profit when u see it.

[@boombam8619]

I never touch my sl anymore it’s there for a reason let it do it’s work

[@Kamberghini]

This week was extremely difficult to trade in. Super choppy all around

[@kqxtop]

Work on your SL placement. Take a look at a tool called "Magic Keys" I feel like it would improve your trading!

[@tatrader7665]

I would put more focus/attention on the 5 minute 20 ema when price pullbacks to it. 1 minute 20 ema fakes a lot of people out

[@sayminame123]

hey brother, totally respect you sharing these trades as a series. I would love to know what your thoughts are on smart money concepts?

[@sayminame123]

just finished watching this episode, is there any way i can contact you through DM?

[@avono5330]

Have you though about just shooting for 1:1? Edit- probability wise when in drawdown it’s quicker to get out of it using a 1:1 your demanding less from the market and from what I’ve seen it’s rare that price immediate hits your stop also, risk is dynamic, adding to a position isn’t ideal bro enter on one place. Edit edit - cut your risk in half focus 2-3 weeks on getting your account up, then the last 4-3 weeks ok getting that 5% target

[@DJsTeLF]

I'm really rooting for you with each these videos. I'm finding your strategy a little archaic however. Your getting caught in a lot of trades that could be avoided if you had some L2 data visible. I'm suggesting full-blown footprint charts but I really think you'd benefit from changing your sma to a vwap and have cumulative delta visible in a subwindow. Aside from that, consider also changing your 1-min chart for a range chart. When I'm trading these types of futura I always have in mind: how could the whales be screwing over us retail traders here? I.e. most of the time you got your SL hit was simply a big player going for a liquidity hunt before the price reverses. Best wishes bro

[@DJsTeLF]

When trading the /ES pre-market I tend to use 4-tick range chart. Then I switch to 8-tick off once the NYSE opens

[@kazemhoseini3945]

Thanks man❤️❤️

[@geramaier4673]

Wait for candle close and get in at the retracements and not and the breakouts

[@joselitoellema4387]

you didn't see a break of market structure bro. that is the only thing blinded you. look for it and wait for a pullback before taking an entry. and you are good to go. MARKET STRUCTURE IS KING. TIMING.. TIMING.. TIMING..

[@Darionix]

Trading the 1 min is really difficult. When you start with a great green trade, take your money and go.

[@Pipseason]

I want to show you 2 trade patterns u can use ….. how can I reach out to u n do a private zoom

Hi Leo. If I can give an suggestion, you should study about ICT, liquidity grab and some of this stuff. start looking at 15min chart and after price gets a liquidity grab, PDL, PWL, etc and do a break of structure, you wait until pullback in 0,62 retracement of 0,76 retracement to look for a buy, for exemple. With this you should get some good positions with very good RR. Once price pullback in 15min chart to this expect zones, you can look at 5min and 1 min to find good enters. One thing I notice is that a lot of times you are enter a position in 1 min chart, but if you look into 5min chart, the prices is far away from ema.. the better you should looking for in my opinion is to find enters close to the ema in 5min at least Another think that I notice is that you are moving your stop too soon in my opinion. It's better if you enter with a small position and get room for the price do their job, and get a bigger movement... in my opinion. Also in the tradingview have an indicator called "Market Structure Break & Order Block by EmreKb" that could help you. Good luck man!

kzbin.info/www/bejne/p3STfaKdrq6eaKs

[@Foeknem]

Bro why do you set stop losses if you’re just gonna close them manually anyways

[@Kev_Ridge]

I love what you are doing and wish you the best of luck. From what I can see a few of the losing trades you had was based on phycology- lack of patience, bit of revenge trading etc. It's easier said than done to be disciplined all the time but you got this brother

[@Kev_Ridge]

Also I must add, using maybe half the position size would mean your invalidation/sl can be wider, giving more room for your trade to breath

[@Mr.Battle7]

Good luck 👍🏾

[@matimbabaloyi2916]

Yeah on the challenge you were happy with 1:1 you took evrything market gave you on verification you were now looking for 1:2 most of the time 1:1 were not enough im happy you noticed that good luck bouncing back

[@to-yi8xj]

in my opinion you should more watch what really happens on the 5 min chart, when there is creating a lower high I dont see why you enter a buy on the 1 min. but its your challenge only what I saw from my perspective good luck and hope you catch the turn around

[@marindurdov1121]

Bro fr made same mistakes i did yesterday hahaha no fking way well we got shit ton to learn :D

[@tomomboke1237]

never enter a trade close to the moving average.. you risk getting stopped out

[@DrizzleSavageFX]

have a little bit more patience on those trades my guy and youll be okay. keep pushing.😎

[@DailyChuckles724]

Why move the stop loss to breakeven? Why not move it to a point where you get half your profit instead?

[@allen_trades]

You're looking at the wrong daily chart. Use ES futures continuous contact or any US500, SPX500 CFD contract

[@supermarketfx]

Has this strategy ever worked for you? I’ve always found these type of strategies are hard. If you are still struggling I would suggest trying to understand the bare chart a little more. Hopefully it can supercharge that strategy of yours. I appreciate the transparency and hope things work for you soon.

[@rosmil6921]

this is why i don't scalp!!! you can make a lot of money really quickly but you stand to lose it just as fast

[@ramonorellana9816]

Bro, i like your videos, and i think you would be better off by not moving your sl to break even. You usually get good entries but sometimes the price wants a retest and you end up getting out.

[@zemiguel2550]

This! From fear, he does not want to lose money but if the price just tests the line, he's immediately out even if he was right in the first place. Markets are volatile and looking to trade on such short trends is pure gambling

[@themikwebber]

I’m doing Apex evaluations right now

[@misterwallstreet4300]

My good friend, dont trade in the 1 Minute Chart💀 ok?!!! 🤝 good trades

[@kevalbarot3833]

Hey Leo work upon your edge and psychology to beat the prop firm challenge!

[@Siegefya]

The real problem I seen in this update was mostly bad entries. like the last day for instance...you had the right direction, it was a bull day for sure regardless...but you got in too early on those pull backs, you even called out letting it hit the EMA, but you didn't let it hit you got in early, which didn't allow you to draw down enough to stay in the trade. Second trade same thing, but you admitted you got fomo from the previous trade and repeated the mistake. I think futures are great so far, but compared to options...they are harder than options imo. I had some success with SPX options last year after years of trading stock options, so I figured moving to ES futures would be relatively simple...nah, futures trade differently...a lot of crazy wicks seeking stop orders and limit orders. One thing I find interesting about the 2, is options and futures require pretty good timing to be profitable, not just having the direction right...but with futures your timing is even more critical which is weird...seeing as that options literally have a time bomb attached to them. You are pretty much there, just gotta snipe those entries a little better.

[@ajibadea.o.5318]

Stop buying on red candles and switch to 5 and 15m time frames