FTMO Verification: PASSED!

Hey there, folks! My name is Andrew Blom, founder and CEO of Disciplined Fx. If you’re new here, welcome! I first started teaching myself how to day trade after developing a chronic illness and needing to find a way to make money from home with a minimal amount of time and energy. Ever since then, I’ve developed so much confidence and hope because of how much day trading has left me feeling successful and empowered to actually make money from home on my own time. I’m also a Ph.D. student pursuing a doctorate in business with a concentration in entrepreneurship. The intention of Disciplined FX is to provide a safe space that supports diverse traders from all walks of life as we learn how to hone discipline and a trading mindset to succeed in forex markets

Update!

I didn’t think I’d make another post so soon, but I just wanted to jump on here real quick to let you know that after just three days of trading the verification for an FTMO funded $200k account, I’ve passed the verification profit target!

All of my verification targets have been met except for the minimum number of days traded. 

This means that I will spend the next seven days taking microtrades each day to meet the 10 trading day minimum, and from there, assuming everything checks out okay on FTMO’s end, I’ll be qualified to begin trading as a FTMO funded trader. 

If you aren’t familiar with FTMO:

In a nutshell, FTMO funds traders who pass their 2-step trading challenge with a $10,000 to $200,000 account to start, and disperses 70% of monthly profits to the trader. 

I can’t express just how excited I am to begin working with FTMO and to put my trading discipline and strategies to work! 

If you want to learn a little bit more about my trading style and experience with passing the FTMO challenge, as well as tips for starting your own FTMO challenge, be sure to check out this first post I made.

The Breakdown of My Verification Experience:

 I used the same strategy as I did for the end of the challenge and took three trades, with only one trade per day I sat in front of the charts. 

My first trade was a loss but the next two were winners. 

Each had a risk-reward ratio of 2.5 and I risked about 1.5% of my account for each trade. 

I trade only once a day because I like to use a “set and forget” strategy that minimizes the amount of time I send in front of the charts, and therefore, also minimizes the opportunities for my emotions to get in the way. 

This has worked well for me but I’m also at a point in my trading where I can watch my trades without experiencing much of any emotional reaction. 

I will say, though, that trading for a funding challenge does come with more pressure, and therefore I felt like this “set and forget strategy” was particularly useful for the kind of higher stakes trading that comes with attempting to hit a profit goal despite what’s going on in the markets. 

 

Overall, I am so relieved and excited to have the privilege to be able to trade for a prop firm. 

If you have any questions about the FTMO challenge, their FAQ section is a good place to start. 

 

I wish you the best of strength and luck, and I’ll see you all in the markets!