New here and trying to stop the boom-and-bust cycle. Small wins vanish when a news candle hits or when boredom leads to a random trade. A simple routine would help: how many trades per day, what risk cap, and what to do after two quick losses. Thoughts on doing an evaluation with a prop firm versus building a tiny personal account? Clear rules around daily drawdown and payouts would make it easier to stick to a plan.
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A tiny risk per trade plus a hard daily stop sounds like the guardrail that’s been missing. The checklist and one-sentence journal feel realistic for someone who can’t stare at charts all day. Payout transparency and the difference between fixed and trailing drawdown were things that never crossed my mind. Going to test the two-loss stop and see if that calms the swings.
Veteran perspective: make risk the product. Cap risk at 0.25–0.5% per trade, set a hard daily stop at 1%, and limit attempts to two or three A-setups max. Structure matters more than indicators. When comparing prop options, check fixed vs trailing drawdown, news restrictions, weekend holds, and payout timing. One benchmark to study for clarity of rules and examples is https://gerchikfx.com/prop/en/?utm_source=28&utm_medium=211&utm_campaign=148. Build a workflow: pre-market plan (levels + bias), checklist (pattern, stop, risk), execution, and a tight journal (screenshot + one sentence why). After 50 demo trades in one instrument and session, calculate expectancy. If positive and rules feel natural, then do an evaluation; if not, tweak and repeat.