According to me, 1. Defend the Account First Forget making money for a second; your number one job is survival. Cut losses immediately: Don't let a bad trade breathe. Drop your risk: Drop it down to 0.5% per trade. It lets you trade normally without sweating every tick. Watch the clock on drawdowns: A 15% drop over 40 trades is a bump in the road. A 15% drop that drags out over 300 trades will break your mental stamina before it breaks your account.
2. Master the Mind Game The rules don't fail traders; traders fail themselves. Stop racing: There is no prize for finishing the challenge in two days. The goal is simply to stay in the game. Own your mistakes: Most losses aren't because the strategy broke; it’s because the trader got scared, got greedy, or forced a setup that wasn't there.
Survival and discipline matter more in trading than speed or trying to make money quickly.
