Futures Prop Firm YOLO Trading Challenge! (thanks Sam!)
Dec 11, 2024 ยท 28m
Topics discussed
Introduction to the YOLO Prop Firm Challenge
Setting rules and starting with 5 MNQ contracts
Analyzing bear flag and initial short setup
Entering the first short trade on a breakdown
Managing the first trade and locking in profits
Adjusting stops and analyzing 5-minute trends
Attempting to add to position and getting stopped out
Reviewing first trade loss and spotting new setup
Second YOLO trade: Shorting 10 contracts
Managing second trade and sudden price spike
Reflecting on the spike and planning next move
Third trade attempt: Buying a bounce with 15 contracts
Canceling orders and discussing Sam's complex rules
Fourth trade: Shorting and scaling out for profit
Session summary and preview of Day 2
Webinar invitation and closing remarks
Listen ad-free on Castria