Join us for this week’s episode of the Forged Trader Podcast as we dive into the world of prop trading with a seasoned trader who has navigated the highs and lows of managing 20 proprietary accounts. With nearly 30 years of trading experience, our guest shares the pivotal moments that led to their success, including a transformative year working with mentors to master price action and market fundamentals. From securing $32,000 in payouts across nine accounts to the humbling setback of blowing 15 accounts in a single day, this episode offers an unfiltered look at the discipline, resilience, and transparency required to thrive in trading.
Through candid reflections, the trader reveals how public accountability via social media has shaped their journey, helping them avoid costly mistakes while fostering growth. Listeners will hear practical strategies, like using trade copiers to scale evaluations and maintaining a calculated risk approach, alongside personal anecdotes about rewarding milestones with life-changing decisions, such as funding a hair transplant through trading profits. Packed with actionable insights and raw honesty, this episode is a must-listen for traders seeking to balance ambition with discipline in the pursuit of financial freedom.
Key Takeaways:
Mentorship Accelerates Growth: Working with experienced coaches provided a solid foundation in price action, enabling the trader to achieve their first payout after 13 months.
Transparency Drives Discipline: Sharing daily trading recaps on social media fosters accountability, reducing the frequency of impulsive mistakes.
Calculated Risks Can Pay Off: Aggressive evaluation strategies, backed by payout funds, enabled rapid account scaling, though caution is needed to avoid overtrading.
Embrace Mistakes for Growth: Acknowledging personal responsibility for losses, like blowing 15 accounts, is crucial for identifying and correcting trading flaws.
"If it's not my fault, I can't fix it. But if it is my fault, then I have control, and I can do something about it."
Connect with Gates Adams:
--
RISK DISCLOSURE:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLOSURE:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.
