My FTMO funding journey | Im still on phase 1 after 10 months

In this video, I talk about how and why I still haven't passed my FTMO £70K funding challenge, but I also talk about all the important lessons I am learning and have learned that will help me pass the challenge and become a profitable trader in the long term ASAP.

[@sephhjo]

Keep grinding bro, im working on it too! Consistency is key, trading is the hardest skill to learn but once it clicks it’ll be so worth it!

[@allan4738]

Don't worry bro I've been in my challenge for 11 months and I haven't passed stage one as yet either. But I'm not giveing up I will pursue this until I'm consistently profitable

[@banginzaza]

At least you haven't failed. Youre fine bro. Keep going!

[@izic_]

It's nice seeing another trader in the same boat that I was in. I just got funded around a week ago, and I've been down in the depths of drawdown in all 3 of my phases (worked on this for 9 months now) but I'll definitely say there is a light at the end of the tunnel. At the end of the day, whether or not you are funded, it's your level of profitability that counts. Once you reach that point of profitability, those phase passes will come and the money will start to come in. I had been in a deep drawdown, but with my risk management strategy, I was able to climb out despite a lower win rate and loss streaks. Consistency is definitely key, but I love how your mind is so centered around constantly improving your skill rather than rushing to be funded or making money. Definitely do pursue the 10k challenge if that's going to motivate you to get on the charts that much faster or keep you focused to minimize mistakes. This is my first time seeing you and I'm definitely excited to see another trader's journey to profitability.

[@jakeghattaora]

Thankyou bro, I really appreciate your feedback 👊

[@simondorner898]

+1

[@DjayyyTrades]

Helloooo I love seeing videos like this, I enjoy watching and helping and now I’m seeing more and more people coming up on my feed

[@kingsley_the_supreme96]

Sounds Like You Lack Confidence In Your Edge Back Test & Work On It Daily, But I For Sure Commend You On Not Being Reckless With Your Challenge.& I Highly Support You Buying A 10K Account, I Think It'll Boost Your Confidence To Execute.

[@myreckshodge4741]

We’re in the same boat. I started trading 5 months ago and have been trying to learn as much as possible. I passed my first combine with Topstep last week and should start trading the xfa by the end of the month. Something that helped me a lot was something you already mentioned. Patience and only taking trades that are clear and at least on the 5m. Losses come naturally and if you happen to take all the shitty trades you can imagine how hard it can be. Hopefully we can both move to get some payouts and being consistently profitable by the end of this year 💪

[@rafamazurek61]

I'm actually in kind of the same situation but on an actual funded, ever since I passed I am BE or in slight red all the time. Your perspective is very helpful. My trading has really suffered because of how much I want to finally make money after spending so much time grinding. You helped me understand that I need to allow myself time and can't control the future. I can control the present and that's what I'm going to focus on. Thank you bro.

[@jakeghattaora]

When you focus on the process over the money that's when it all changes bro.

[@abdullahimohamed5396]

Don’t give up bro you got this keep your head up ask Allah for. Help and he will guide you to success your never a failure intel you give up

[@jakeghattaora]

Thankyou bro

[@Thepriceactionprodigy]

Here’s the thing, as long as you’re learning from what you’re doing and growing from it, there’s no better way to spend your money. You’ve spread 500 pounds over 8 months, but the value you’ve gained in it (in terms of refining your strategy, RM, etc.) doesn’t even compare. When you add those other accounts, you’ll be doing so from a MUCH better place and that’s all that matters. Still have the same $50k from last November, but now I also have 3 other accounts which I added recently after getting to the point where I felt I was ready for the investment 😂

[@51R4JX]

Dont give up brother. Ive been trading for 3 years. take your time. it will all be worth it. Just study the mind and risk management. We going to go far with this. Small minds cant fathom big dreams.

[@thori_]

Keep grinding bro. Im in the same boat as you. Been working and not seeing much progress but iv been taking it a step at a time. Im 92% through the challenge and iv been stuck here for 2 months now. Although im not in drawdown, its still difficult, but imma keep going

[@jakeghattaora]

We're gon make it bro

[@TurtleHoodFx]

Risk more on the challenge phase ( 1,5 - 2% )- be agressive with risk and only take A+ trades with a minimum of 1:2r. Half that on the verification phase. Trade with 0.25% or less on live. If you can stay disciplined you will get funded and will also make consistent money. You are welcome :)

[@SHAHBAZJUTTX]

the skill you are building ( consistant small gains ) will stay with you for life and this hard time is a one time fee you are paying for that skill

[@ChillPopzGaming]

Manage risk while not being afraid to take risks. Nothing great came without risk. Keep it up.

[@TraderLii]

Improve your self 1% a day. Focus on your mindset and make sure you have edge on the market..

[@30Secondzzz]

I’m going on over a year with this challenge, keep getting close to passing and shooting myself in the foot. I don’t gamble trade like most do to pass because I agree, it doesn’t replicate real trading. We will come out on top👍🏻

[@jakeghattaora]

Exactly bro, were building the right habits thats all that matters.

[@HotLots]

Bruh i have been on my journey since 3-4 years... I havent still quite broke the lossin period!! Its all gonna be worth it...all the losses all the waiting bruh. Somehow we are here to make this happen so, keep up man

[@JA96]

10% in a good week is possible with 1% risk per trade. I passed stage 1 in a week and stage 2 in 1 trade during CPI week with 1% risk per trade. You have to find the right market/time of day to trade. Good luck bro, I hope you make it.

[@briamalex8154]

6months now in phase one up 3.5% risking 0.25% per trade. FTMO would not go soon so just passed as a professional and then after when u manage the big account it would be easier and consistent.

[@abemaruta]

i love the honesty brother - took me a while to get the hang of trading but i think it is impressive you haven't lost the account in the first place to me, that shows a level of emotional maturity that most people / traders can never attain it took me YEARS to build that emotional maturity - i reckon you've got that down! and tbh that emotional maturity is probably harder to attain than all the technicals anyways!

[@jakeghattaora]

Thankyou bro, I really appreciate that.

[@diegobarrera9793]

In the same spot man never can pass the eval on topstep 50 k. But well on my way so we just gotta keep working

[@jaredolson6189]

How long have you been trading your combine

[@ChristianMBarnes]

Honestly if you take the challenge too serious it will definitely hold you back, the goal is to pass the account and then the real risk management comes into play if you lower risk after the first loss it will take you even longer to get back out of drawdown

[@jakeghattaora]

Its true...

[@SIRUEYFX]

You will succeed brother. Have faith!

[@JoashNaidoo-mi7jr]

Keep going you’ll get it bro

[@jakeghattaora]

Thankyou bro

[@SHAHBAZJUTTX]

you and i are on same track and same level of experience .. and one thing i know .. we both going to make it

[@dionps1]

I'm in the same boat bro, new sub here

[@alextay2543]

Probably need abit of analysis n strategy adjustment on your current strategy. Because almost a year there must be something wrong...keep it up💪😊

[@viktoraberg]

I was in a challenge for 9 months, what I learned is that you just need to bet more if you actually have an edge. Months of your life are more valuable than the $500 you put into the challenge, at least for me. I just risk 2% per trade and pass or fail quickly. I have an edge so it works for me but I also only take a few trades per month so I guess it all depends

[@jakeghattaora]

Good point.

[@Hazz.]

I like the system I saw someone else post. if you have £500 to spend on a funded, buy 3 smaller accounts (not all at once) instead of 1 big account. then risk 3% per trade (2% if you know you go on big losing streaks) if you really have an edge you should pass at least 1 account, then drop back to 1% risk per trade and get your payout/refund.

[@janula953]

it's way to quick fail for beginners. It's not consistent anyway, so even if you somehow pass the challenge, you won't make much money after or even you will make instant 5% dropwdown and lose this acc. This is not the way to be daytrader.

[@viktoraberg]

@@janula953 if you're a beginner you shouldn't be doing prop firm challenges anyways. and I would never hit the 5% drawdown because I'd never take 2 trades in a day. I take like 3-5 trades per month. I also have a very high win% since I only take really good setups on the higher timeframes and aim for low r/r

[@Saint876_]

i got funded and made like 2.5 k and now I'm here looking at my account in draw down like ?

[@challengeaccepted6458]

hey mate one thing I'd say is learn fundamentals, learn why the market moves learn from a fundamental value stand point why you should be buying or selling, it's going to help you out

[@randypage26]

Bro it sounds like you need a better risk to reward like 2:1.. all you have to do is have a 40% win rate to profit.. 50% youll be hitting 2% a week no problem

[@Wakafx]

What do you mean

[@randypage26]

@Wakafx Every strategy has an implied winning percentage. Whatever your % is should determine your risk to reward ratio. For example if you win 40% of the time for every $100 you risk should net you $200 profit thats a 2:1 risk reward at a minimum. If you only win 30% of the time then you need a 3:1 RR ratio or higher to be profitable. Look up the binance risk to reward chart for more detail.

[@janula953]

@@Wakafx Most traders cut good trades too fast, and hold bad trades too long :)

[@English.or.Spanish.Y]

Can I share my 2cents , so you see that you're break even after 5 month it is up to you to reason and see there is something wrong, I personally got a 3phase from another prop firm and passed in 5days because I new what I needed to do

[@jakeghattaora]

I know I know... ironing out the kinks slowly

[@UtahSuka]

Look on the bright side, that also means you haven't lost it or breached any rules in 10 months either. I hit the profit target in 15 days but sadly also hit the daily loss limit 30 seconds before hitting the profit target. So, i have to start from scratch. I was at overall 1% drawdown, my daily loss was from my profits.

[@InR3D]

so you have a terrible risk management, or you gambled news

[@clxudbxii_]

​@@InR3Dmost probably

[@saleemmzz]

practice so you can be confident enough to risk 1-1.5 % this will allow you to pass faster. but first you need to remove them shitty trades

[@jakeghattaora]

Very true

[@VintageCars]

We are in the results business and if you arent getting results over 10 months then something needs to change, and change significantly as it would appear you have no edge, or had no edge when you got into problems.. Another account could be a good idea but a $10k account is frustrating and you cant live off it. If you pass a 50k challenge that could help. Remember there are a lots of random short term movements in trading that cannot be predicted - they are random. You need to find your edge before you do anything else and reducing your lot size is just postponing the inevitable and dragging it out, wasting your time. Have you got a real edge in the market or not? If you think you have a real edge in the market then taking a new $10k challenge shows you have no real faith in it and not the actions of a professional full time trader, wait until you believe in your edge enough to commit to it in a meaningful way.

[@jakeghattaora]

You make a good point, thanks bro

[@user-fr8hx4pn6g]

Maybe STOP challenges put this money on your own account and keep learning

[@renebleu8711]

Same thing. TBH who trades and doesn’t lose at first ?

[@user-fr8hx4pn6g]

@@renebleu8711 nobody iu failed many challenges we all want success fast sometimes is wise to step back keep learning in the mean time don't give money to Prop firms put them in your own account

[@theotothefuture]

Respect!

[@thicccolas4908]

Just wondering how did he do his back testing? Did he use Monte Carlo simulations?

[@forexandmore]

Just got a subscriber bro

[@jakeghattaora]

I appreciate it broo

[@forexandmore]

@@jakeghattaora you are welcome man

[@texaschainsawmass]

I’m on 8 months of 5%ers 1st phase boothcamp and on massive drawdown 😂 yesterday my drawdown left is 10usd but manage to bring back the account to -170 usd from -240 max -250 usd drawdown

[@nishanbhujel]

Similar story here

[@MiuraUY]

Are you using orderflow?

[@irelia8844]

hi bro, does FTMO drawdown trail up as you make profit or it stays static?

[@bastijfx]

it stays static at -10%

[@RonaldL-x1n]

Try ICT

[@InR3D]

why go for a 70k funded acc if you're not profitable? start with a 5k funding pips one for example, so it's not expensive as you said and you're in fear of losing that 500 that you paid for it. You're not passing it because you're scared, and if you need to lower your risk that much each trade to not hit daily loss, then you're overtrading. It's not easy to pass a funded, but not that hard as you're making it seem

[@jakeghattaora]

Good point, when i bought the 70kaccount I had just passed a 10k and was up 350 dollars, I thought at the time I had a profitable system but in hindsight I think there was quite a bit of luck involved.

[@only1moyan809]

Bro ur acting like ur trading for a hedge fund. Its a Demo acc

[@jakeghattaora]

What's with the hate my guy

[@jaisonhunt6294]

Seems like you lost the game in the first month itself after taking challenge by having a drawdown , you need to let this challenge go if it has already lost more than 5% , its really hard to comeback once you lose 5% or more in prop challenge

[@jakeghattaora]

Id disagree, have been in 8% draw down before and still passed... just takes time and persistence.

[@only1moyan809]

Your worried about the wrong thing. Are u making money. You are not making money and u cant trade bro simple

[@GeightD]

Have you thought about getting a job

[@jakeghattaora]

no

[@eoghanvukovic5955]

1

[@only1moyan809]

Let me help u. Risk 4 percent go for 1:2 if it goes against u cut the loss at 3 percent. Use a bigger stoploss so u have room. Simple this is not worth it and the people in the comments section is promoting the bullshit. Feel sorry for you bro u look depressed. Why are u so scare of failing a challenge.

[@dontaskme754]

Risking 4 % for FTMO is a NO GO mate. Can't risk that much

[@tq5589]

they will ban you if you over risk

[@only1moyan809]

That's why I said use a slightly wider stop and place ur stoploss at 2.5 or 3 percent. Come on guys be smart. I pass challenges both phase within less than a month. After wasting my time for months with prop firms

[@only1moyan809]

Further more 5ers and Alpha capital will never ban you for that and they are just as good as FTMO. I don't know why traders operate with so much fear you guys make these prop firm scare you to death be brave and take the risk

[@ZORGONICAL]

you're stuck in your head, just get the percentage gain. stop creating boxes for yourself so you cant escape 10% in a week is possible you saying that's not realistic is holding you back

[@jakeghattaora]

Its possible, but as a long term trader and risk manager its unrealistic

[@ZORGONICAL]

@@jakeghattaora anything is realistic in the markets it may not be sustainable though. Psychology can be a limiting factor or a limitless factor in trading there are unconscious & subconscious blocks that traders can take years to get over and that’s what I observed watching your video. Good luck on your journey

[@ZORGONICAL]

@@jakeghattaora asking yourself will you ever succeed already leaves the question up to chance instead of saying you will . Psychology.

[@lilsteampot1504]

Seems like you lack discipline and keep tweeking your strategy on demos not challenges. It’s possible to get 10% in a month I’ve done it, it’s all mental strength.

[@jakeghattaora]

You make a good point

[@only1moyan809]

What are u trying to prove bro Jesus Christ u not making any profits for 10 month

[@baragon7927]

Just give up bro.

[@jakeghattaora]

no lol

[@Tradermaxanalysis]

I sent you a dm on IG