New traders often focus only on profit targets while ignoring risk limits. Overleveraging and revenge trading are the biggest reasons accounts get blown. A structured plan and patience are essential before scaling up.
What mistake did you make when you first started trading prop firm challenges?
When I first started trading, my biggest mistakes were overtrading, risking too much on a single trade, not following a proper strategy, and letting emotions like fear and greed control my decisions instead of staying disciplined
For me it was definitely overtrading. I used to feel like I always needed to be in a position, and that mindset cost me a few challenges. Took me a while to learn that sometimes the best trade is no trade.
Mine was risking too much trying to hit the target quickly. I was focused on passing fast instead of trading well. Once I slowed down and trusted the process, things started changing.
Treating Challenges Like Lotteries: Beginners buy evaluations like they're buying a lottery ticket instead of treating them as a business decision.
Buying challange from a firm who is not reliable and never read a rules before starting
