Stop pursuing a high winning rate! 4 steps to teach you to use “fixed” thinking to easily win proprietary trading

The proprietary trading assessment is a key step towards becoming a professional trader. It not only tests trading skills, but also a comprehensive test of mentality, discipline and risk management. Many traders get stuck because they fail to master the correct way of trading.

To this end, EagleTrader will provide an in-depth analysis of the secrets for passing the proprietary trading exam based on its rich practical experience, hoping to help more traders pass the exam efficiently and start a new chapter in their careers.

Build a solid trading discipline

Successful trading is no accident, but is based on rigorous strategies and iron discipline.

1. Fund management

Fund management is the core of all trading strategies, and it determines your survival cycle in the market.

Single transaction risk control: Strictly adhere to the loss limit for each transaction, and it is recommended not to exceed 0.5%-1% of the account funds.

For example: For an account worth 100,000 US dollars, a single loss should be controlled between 500-1,000 US dollars.

Reason: Even if you encounter continuous losses, such as five consecutive losses, your account is still in the safe zone to avoid mental breakdown and leave enough buffer for subsequent transactions. EagleTrader knows the importance of strict risk control, so these account rules are to help traders establish reasonable and healthy trading habits.

Maximum daily loss: Set an insurmountable red line for yourself. It is recommended that it does not exceed 3% of the total account. Once this limit is reached, stop trading immediately and try again the next day. This can effectively avoid emotional trading and excessive losses.

Position calculation: Accurately calculate the position of each transaction to ensure it meets your risk tolerance. For example: Taking EUR/USD as an example, if you set a stop loss of 50 pips and each pip is worth US$10 (1 lot), the stop loss amount is US$500. For a $100,000 account, 1 lot is a reasonable starting position.

Strategy: Do not blindly add positions before making a profit. Only after the profits are padded can you consider gradually increasing the position.

2. Transaction frequency

High-quality transactions are better than frequent disorderly operations.

Conduct 3-5 high-quality transactions per week. Most per dayExecute 2 orders. If you lose 2 orders in a row, you will rest immediately on that day and fight again the next day.

Avoid:

Frequent transactions: Excessive handling fees will continue to erode your profits. Revenge trading: Eager to recover after a loss, often leading to more serious losses. Boring trading: Opening a position purely because of “itchy fingers” and lacking clear trading logic. 3. Variety selection

Choose 1-2 varieties that you are most familiar with and confident about for trading.

Popular choices and features:

Gold (XAU/USD): violent fluctuations and numerous opportunities, but more sophisticated position control is required. Europe and the United States (EUR/USD): The fluctuations are relatively stable, easy to grasp, and suitable for novices. Crude oil (WTI/BRENT): fluctuates greatly, but has strong regularity. Avoid:

Cross: The fluctuations are weird and difficult to analyze.

Unpopular varieties: poor liquidity, high spreads, and high transaction costs.

Operating more than 3 varieties at the same time: Dispersion of energy can easily lead to chaotic decision-making.

4. Psychological construction

Treat the assessment as a practice of real trading, but you must clearly realize that you have room for error.

Mindset adjustment:

Don’t rush ahead because you are close to the goal: avoid giving up your principles for the sake of “sprinting” in the later stages of the assessment.

Don’t panic about temporary retracements: accept retracements as part of trading and stick to your strategy.

Core philosophy: This is an endurance race, not a sprint. Only by working steadily can we achieve steady and long-term progress.

Practical case of self-operated examination

We take a US$100,000 assessment as an example to explain in detail how to use the above strategies to pass the test efficiently.

How to pass the $100,000 assessment: If you are good at gold, you can set 1-2 orders per day to operate during European and American periods, with a stop loss of 500 per order (accounting for 1%-1.5% of the account), a target win rate of more than 60%, and a profit-loss ratio of 2:1. In terms of rhythm, strive for a weekly profit of 2-4% and achieve the 10% profit target within 20-30 days. The remaining time of the assessment is mainly focused on defense. It is better to be slow than to violate the rules.

How to make stable profits after customs clearance

In the world of proprietary trading, if you want to gain a long-term foothold and achieve sustained and steady profits, it is crucial to master a set of effective methods. To this end, we have conducted in-depth research on the valuable experiences of traders who have successfully passed the EagleTrader self-operated trading examination and have continued to make profits, aiming to provide a clear set of clearance and long-term profit strategies for all traders who are preparing for the exam or aspiring to do so

Maintain consistency: How you trade during the assessment period is how you should trade in the real market.

Don’t blindly increase your position just because the amount of funds increases, and don’t easily change your established strategy in pursuit of higher profits.

Withdraw profits every month: Develop a good habit of withdrawing profits regularly and be safe. This not only allows you to truly feel the results of the transaction, but also reduces psychological stress and makes your mentality more stable.

Accept “flat periods”: The market does not have big moves every month. Accept the reality that high returns of 5% or 10% may not be achieved every month. Maintaining capital without losing money is a kind of victory.

Upgrade path: Most platforms allow you to apply for a higher profit sharing ratio or capital scale after 3-6 months of sustained and stable profits.

Some platforms like EagleTrader even allow you to manage multiple accounts at the same time, achieving a leap in fund management from 100,000 to 400,000 or even higher.

Passing the proprietary trading assessment is not only a reflection of your technical strength, but also a comprehensive proof of your discipline, patience and risk management capabilities.

We believe that as long as you strictly follow the above strategies and combine the high-quality platform and resources provided by EagleTrader, becoming a successful professional trader will be just around the corner. There is more knowledge about proprietary trading that is still being shared. If you are interested, please follow us!