15 Years Pro Trader: Only 0.04% Of Prop Firm Traders Make It To Phase 2 Because Of THIS Mistake
Manage episode 482060160 series 3592758
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Guest:
https://www.instagram.com/jamesbentleytrading/
Chapters:
00:00:00 - 00:01:30 - Intro
00:01:30 - 00:05:00: James’ backstory: leaving school at 16, starting at ICAP, and discovering trading.
00:05:00 - 00:11:00: How intermediaries work, differences from prop firms, and first steps into FX trading.
00:11:00 - 00:15:00: Simplicity vs. complexity in strategy — how James uses seasonality and momentum.
00:15:00 - 00:20:00: Commodities, watchlists, and why he doesn’t focus on 1–2 pairs like most retail traders.
00:20:00 - 00:26:00: Execution techniques using the 20 MA, 1:1 risk-reward, and why he avoids partials.
00:26:00 - 00:30:00: Scaling into trades, fixed vs. variable risk, and mindset differences between traders.
00:30:00 - 00:35:00: James' blunt take on prop firms and how most traders misuse them.
00:35:00 - 00:41:00: Retail trader psychology, addiction to gold, and why emotion kills consistency.
00:41:00 - 00:45:00: Backtesting, journaling, and advice on moving from basic to intermediate setups.
00:45:00 - end: Final reflections on trading as a profession, who it’s for, and what makes someone succeed.
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42 episodes