The Prop Firm Account Strategy Behind My $20k Month transcript

All righty, welcome. So, in the last 30 days I've done $22,000 worth of payouts from Lucid Trading. And in this video, I'm going to go over the prop firm account strategy behind my 20K month. So, it's going to be a long one, but we'll go over the best account types to get for consistent payouts, how to abuse the account rules, how I approach the evals, the funded accounts, how I build the buffer, how I clear the minimum profit days, how I manage my risk across all of those different stages, and the different strategies and the tools that I use, and how you can continue getting payouts after that very first payout.

So, uh I'll start with the payouts. So, yeah, like I said, $22,000 in the last 30 days with roughly a 7K spend. Um so, yeah, pretty high spend, but like I said, well, I haven't said, but I value speed. And you got to spend money to make money in this game. It's a a business, it's an ROI game. So, here are the payouts, 22K, you can add it up if you want to pause it. Payout certificates, there's a screenshot from my Lucid Trading dashboard.

All right. So, warning before we get into this. My approach is, I guess you can call it extremely aggressive. Uh like I said, I value speed and money in my bank account above all else. I pretty much full port every trade, meaning I risk the whole drawdown. Um some may call this gambling, I call it statistical probability with an edge. Like they say, scared money don't make money. Uh so, my approach requires big balls and it requires some startup capital.

But, of course, this can all be scaled down, which I will show you later. Um but at the end of the day, who cares if I spend 7K and I full point everything? If it puts money in my bank account, that is all I care about. I really don't care about what my ROI percentage is or whatever the [ __ ] So, all right, moving on. What is the best account type in my opinion? It is definitely the flex account. The Lucid Flex 50K no daily loss limit option.

Um that is all I've been trading. I have gotten some 25K's, but this is the best account type for consistent payouts in my opinion. Um shameless plug, use my code for the best discount. But, why is this the best one? So, okay, the eval is pretty simple, make $3,000 with a $2,000 drawdown and a 50% consistency. Meaning, the quickest we can pass this account is 2 days. Uh so, the approach is to make 1,500 on day one and 1,500 on day two.

And then when we get to the payout, there is zero consistency, which is massive. We definitely need to abuse that. And then you just need a minimum of 5 days with at least $150 profit. And then you can get a max payout of $2,000 once you have a profit of $4,000 because you can only take half of the current profits. But, we'll go deeper into that later. But, for now, just keep in mind these are the rules and this is the best account.

All right. So, let's start with the evaluation. Like I said, there is a 50% consistency rule, so I want to pass this fast as possible, which means I can pass in 2 days. So, first day I can make 1,500 and then the second day I can make 1,500 again, which brings me to the profit target. On each trade, I risk the full drawdown, which is $2,000. Which is why it's important that we buy the uh no daily loss loss limit option.

So that we can use that whole drawdown to give us a higher percentage to hit that profit target. No copy trading. I just rotate accounts. So one trade on one account, and then the next trade on the other account. One account at a time. And since we are not copy trading, and we are instead trading in one account at a time, you want a trading strategy with a high frequency of setups per day. Ideally five plus, 10 plus even, depending on how many how many accounts you want to trade.

Um I use the max amount of contracts, so four contracts on these scalps so that I can hit that 1,500 profit target with just really small moves. I don't need to catch massive moves because I'm using four contracts. Um so on NQ, that would be like uh What's the mess? I don't know, like 10 points or something? Some something really small. And you hit your profit target. Maybe 20. Um And yeah, you want a stra- strategy that has high frequency, high win rate at a 0.75 risk reward ratio because if we are risking 2,000 to make 1,500, that is a 0.75 uh uh trade.

And so you want many of those at a high win rate. Uh so this is what the flowchart looks like. Uh so you get a fresh account, you risk 2K to make 1.5K. If you win, you are then sitting on 51.5. If you lose, obviously you blow the account. And then we stop for the day, you move on to the next account. And then let's say day two, we come back to this account, we do the same thing, risk 2K to make 1.5K. If we hit it, then we pass the account.

Done. Two days. Simple. Obviously, if you lose, you blow the account. That is going to happen. You will blow many accounts doing this. Uh but eventually, you will pass some and that's all that matters. So, what specific strategy you use for this doesn't really matter. Like I said, as long as you have some sort of scalping strategy where you can slap four contracts at a high frequency and get a high win rate, that is all you need.

Uh the strategy that I personally use for these is what I It's a tool called Range Pro. Uh I'm not going to go super deep into it because this video is about my overall prop firm approach, not just one specific trading model. Uh plus Range Pro is a paid tool. It is $100 a month for the subscription and I don't expect everyone to go out and buy this, but it is genuinely what I use and it's played a massive part in my success.

Uh and it's helped me pass accounts very easily. So, and a lot of people have been asking me what I use. So, I'm just sharing it here. Uh but you can still take these principles and apply them to any other model of your choice. Like I said, high frequency, high win rate, low RR. Um but I just like Range Pro because in summary, it's like it's an AI engine that has 20 years of data and throughout the day, it will give out these predictions that look like this.

Uh it gives predictions for certain levels to be hit with high accuracy. So, for example, this one uh it gave a signal for ES to go short with a 90% chance of hitting this target, 70% chance of hitting this target, 50% chance of hitting this target. So, then I'll just slap on four contracts and short ES. And they have a pretty good win rate. It's been about 80% consistently throughout 20 years. Um as you can see here, like that day I 100% win rate.

This day I had 87. This day I had a 90% win rate. And it's just it's really simple. I don't have to think about it. I don't have to pull up the charts. I just wait for the signal. I slap on the contracts. And I trust that the edge is in my favor. Um I actually took some on some evaluations last night. I'll show you. All right. So, this is a little range proper log channel that I just made for myself. Um So, this is yesterday.

There was a few CL short signals. So, I just took a short from here to here. And that got me 1,500 to pass half an eval. Uh using the same signal, I then shorted again on another account. So, both of those were up. Uh what else we got? Another CL short signal which I shorted from here to here uh for 1,500. Here was a gold signal where I bought here, three contracts there to get up there using this signal. And that was 1,500 there.

So, yeah, that's how I've been using it to pass my evals. Pretty straightforward. Yeah. So, if you're interested, uh I am an affiliate as of recently. Uh I'll leave an affiliate link below. And if you use my code, you can get a 20% discount for every month. And if not, that channel I showed you before, I will make public in my Discord so you can see how I use it, what results I get before you decide you want to hop on.

Um but, no pressure. You can trade any other strategy for your evals, like I said. All right. So, that's the evaluation part done. So, you are now funded. Yay. What now? So, like I said before, to get a max payout, we need $4,000 in profits because we can take half of the balance which is $2,000, which is the max payout allowed. And then we also need five minimum days of $150 profit. So, these two points we tackle in two different phases.

The two phases are the blast and the harvest. So, the blast, this is the very first trade you take when you get your fresh funded account. So, when I get the first when I get my fresh funded account I full port the first trade, so two minis. And this should get you to around 3.4k to 4k in profits. I risk the whole draw drawdown and I use the maximum amount of contracts. For this one, you want to use a different strategy.

You want something that can get you two R plus in one trade. Uh so, that equals 100 points on NQ because if you put two mini contracts on NQ and you get 100 points, that is $4,000 in profits. So, you want a strategy that can regularly catch you 100 points in one day. And that is where I use my CRT model. Um which I've got so many videos on my channel. I'm not going to go too deep into CRT. Um but that is where I use CRT because it can regularly catch 100-point moves.

So, I can blast the first trade and get that buffer built with $4,000. Um but the main idea here is we just need one good trade on the Lucid Flex account. And then we can have a relatively easy, stress-free, stress-free time to just harvest the rest of the minimum 150-dollar profit days. The good thing about this strategy is it overcomes the end-of-day trailing drawdown in one fell swoop because trailing drawdown is what cooks most people.

So, I used to do the traditional approach of, you know, risking small, risk like $200 per trade. And that's just too hard. You got to go to war every single day, and you got to hope that you don't have a losing streak, and it just doesn't make sense when you can just clear it all in one single trade, and you pretty much got a payout guaranteed. It's just so much better. Um but, yeah, this is my CRT model that I use for this phase of the strategy.

Um so, we use our 7-hour candles for our CRT bias. Then, we use a 1-hour CRT, then a 1-minute inverse fair value gap entry with a 15-minute turtle soup targeting the other side of the range. Uh here is an example I took last week, I believe, for 4.5k. Uh but, I'm not going to go too deep into CRT. I'll save that for Well, actually, I've got like hundreds of 10 videos plus on it on my channel, so you can learn more about it.

Uh so, this is what your calendar should look like if you do the strategy I do correctly. As you can see here, on the very first day of a funded account, you do a massive day, $4,000. Then, you just simply do easy $150 days. So, that's one winning day, two winning days, three winning days, four winning days, five winning days. Then, you can request a payout. You get your $2,000. And then, you repeat. Winning day, winning day, winning day, winning day, winning day.

Request your payout. Repeat. Simple. See what I mean? You just get one juicy trade, and then, it's just a walk in the park the rest of the way, and you you just extract those profits. Uh speaking of those days, so, let's move on to the harvest days, which is our simply our goal of securing minimum $150 of profit days. Some people say they really struggle with these days. Um, it just comes down to how you risk and how you approach it.

So, All right, there are two ways to approach the harvest. Uh, harvest days. So, the first one is the safer, but slower approach. As you can guess, I probably don't like this one cuz it's slow. I value speed of money in my bank account. Um, but let's say you don't have a huge bankroll and you're still new to this and you want to take things slow. So, the safe approach is once you've built that buffer, each day you just risk $150 to make $150.

So, it's a one-to-one uh, trade. Regardless of if you win that trade or you lose that trade, you stop. Because let's say you win, okay, beautiful. You've secured your day, then you stop. There's no point trading. If you lose, you're now down $150. There's no point trading more because you'll have to win back your loss and another $150 on top, whereas you could just wait until the next day where you're trading from a blank slate and you can just try again to make 150.

Some days you will win, some days you will lose, but eventually you will clear the minimum five times $150 days. Should take you on average 10 trading days. Since you have the $4,000 buffer, the only way you fail is if you lose 27 days in a row. So, it's 27 days of losing $150 and you will blow the whole buffer. But, that is extremely, extremely unlikely. Like, you don't even need an edge to do this. You can literally just one-to-one I trade, either just choose long or short. 50/50 chance.

Uh, but if you do have a good strategy, you can make this a lot more faster, a lot more profitable, and get more winning days than losing days. All right. So, that's the slower approach. I like the more aggressive approach, as you can tell. Uh so, each day I risk the whole drawdown. So, I risk $4,000 to make $150. So, this is extreme negative risk-reward. So, you know how normally people talk about, "Oh, this is a 1:2 RR trade." Or, "This is a 1:3 RR trade." This is the opposite of that.

This is a 27:1 RR trade. So, even without an edge, using this risk-reward ratio, you should win 97% of your trades. Because you have so much drawdown to work with with such a small target. Uh so, this almost guarantees you will get the remaining 4 days in exactly 4 days. So, it is a lot faster in that sense. But, of course, there is a small chance that you will blow the account. Roughly 3% if you have no edge. Um and yes, it does happen more often than you think.

I've actually had it happen to me on two funded accounts in a row. Um but, that is the risk you choose to take if you want to take the faster, aggressive approach. And I think overall, it has benefited me because I have more dollars in my bank account at a faster rate. Uh but, it can be painful when you lose those 27:1 RR trades. It's a It's a bit annoying, but that's part of the game. Um like the other approach, you don't even need an edge to do this.

But, a good strategy can help you secure the winning days more successfully. I use the range prop signals for this, like I showed before. Uh you just want a strategy that can give you at least five good opportunities each day. So, again, we want high frequency. Uh because if you have 500 accounts, right? Without copy trading, we want to take one trade on each account and rotate it. So, therefore, we want at least five trades a day.

Um and that's only if you're trading one firm. If you want trade more firms, then you need even more trades. Um so, yeah. Here is the mind map that I made. Very artistic. All right. So, you've got a fresh funded account. Risk $2,000, aka the whole drawdown, for a $4,000 gain. Or you can you can just get 3,400. So, if you just stop at 3,400, you can actually reach 4K if you factor in the remaining four times $150 winning days.

Uh so, you can actually cut it at 3,400. But, yeah. So, first day, slap on two contracts. If you lose, it is what it is. Try again next time. If you win, you have 54K from that CRT trade. All right. Come back next day, risk 4K to make 150. Range prob scalp. Day two. Again, day three, we risk the whole drawdown to make 150. Now, you have three out of five days. And then day four, again, risk the whole drawdown to make 150.

Now, you have five out of five winning days. Payout secured. Um so, pretty straightforward. I don't really think I can make this flowchart any more clearer. Uh it's pretty simple flow, but yeah, here's how I use range prob for the harvest days. Like I said before, I'm not going to go super deep into it. Uh but, it's just there are actually a lot of different functions to it. It's actually very complicated. The signals is only one small aspect of it, but that's the main tool I use.

And it just gives price predictions throughout the day throughout the day with high accuracy. I like it because you can get like 30 predictions within a day. It happens throughout the day, so I don't need to be glued to my screen at all times. It's just I can take one whenever I see it. Uh whenever I get a prediction, I just select one mini, so not two, not four, just one. That's all you need. In the direction of the signal for a small $150 scalp.

And so, with the amount of drawdown that I have, plus the edge given by the engine, the prediction engine, um it hits like 99% of the time. Um yeah, and then I wait for the next signal. I just repeat on the next account, and I repeat, repeat, repeat five times until all accounts are in profits. And then, if I have any Evals, I'll do it on Evals as well. But, this is just works for me. It's really simple. Like, I don't need to look at any charts or anything.

Um the link is below. Like I said, 20% discount if you use my code. If you want to check it out, but again, you can use any scalping strategy of your choice for these harvest days. This is just genuinely what I use, and what I've found to be super [ __ ] easy. Um so, congrats. After those five days, you should have your payout. And then, what do you do after the first payout? So, after the first payout, your account will now be sitting at $52,000 because you took 2K out.

Again, there are two options. I know I like my options. Uh you can either go for a smaller payout, so the slower conservative approach again, or you can go for the more aggressive max payout approach. So, we'll start with the slower approach. You simply continue to farm those $150 days to extract the profits. In doing this, your payouts will get smaller and smaller. So, let's say after you get your first payout, you're sitting at 52K.

You then do five days of harvesting, you will now be at 52.6K, right? Because 5 * 150 Oh, wait. That's 750. All right. You will then be at 750 for 52 750. Uh therefore, when you request your second payout, you will get uh what's half of that? 1 3 Okay, you get half Okay, I can't do maths right now. 1.3 37.5. Is that right? Something like that. Um okay. Yeah. So, your payouts will get smaller and smaller, but it is safer.

As you can guess, I don't like that. I like the more aggressive approach. So, after you get your first payout, you go for another big winning day. So, you So, you reset the whole process. Except you don't need to get to You don't need to win $4,000. You can only win 1,500 to 2K. And then you will be sitting on roughly 54K. All right? And then again, you can just harvest those four $150 days. And then you can get a max payout again, 2K, and repeat.

Uh another option is it There's kind of a middle ground where instead of going for a big win on day one, you just go for like $400 to $500 harvest days. So, um that's kind of what I did here. So, uh all right. So, big trade 2 3 4 5 payout secured here. And then 1 2 3 4 5 payout secured here. But you can see these last few days I kind of went for bigger targets just so I can still get a juicy payout without having to full send go for like 2K in one trade. >> [snorts] >> Uh so, that's like a middle ground approach which you can do.

Uh and then you just keep doing that four times. You don't want to do it five times cuz on your fifth payout you get moved to live. So, after the fourth payout, just blow the account, restart again. Um so, what is the progression for this? Let's say you like what I'm doing, but obviously you probably don't want to start where I am buying $7,000 worth of evaluations and blowing a bunch of accounts. Uh you can just start with 125k.

So, I I used to trade 25k. So, I started with 25k's. You can just buy a few 25k's, full port them until you get one of them to a payout. So, that might take you 10 evaluations. Might take you 15. Might take you five. Um so, ideally you have at least like $1,000 in capital to start with. So, you can get one payout from 125k. Then you can scale up, get more 25k funded accounts. Eventually you'll get maxed out with 25k accounts.

Then you can start playing with the 50k's. As you blow your accounts, you can slowly replace them with 50k's. And then you eventually you'll get to five times 50k. So, that's max evaluation. Max allocation. Uh so, that's what I'm on right now. And that will get you roughly 20k a month depending on how your trading goes. Um and then this is the stage where I'm at now where I'm looking at adding another firm. You just repeat the same process.

That should get you to 40k a month. Add another 60k. Etcetera, etcetera. Uh then you can scale to 150k's. Uh so, the end game you would be looking at something like 10 firms fully allocated with 150k accounts. And I call this the JJ Simon tier. If you're in the prop space, you probably know JJ Simon. Uh this guy's done like probably close to 2 million in payouts from prop firms now. Uh I think he does like over 100k a month easily.

And yeah, he's just fully allocated with a bunch of firms. Um, probably 150k accounts. He's where I learned a lot of this from. So, he does all the maths behind all this stuff. Um, he's where I learned about account rotations, high frequency of trades, not copy trading, and just risking heavy. So, he's got a really good podcast with Titans of Tomorrow. You should check it out. Uh, but that is it. That is the end. Let me know if there's any questions.

Um, I know it's a pretty dense video, probably a lot to cover, but at the same time probably a lot that I missed. So, if there's enough good questions, I might make a follow-up. Um, and I'll actually check my comments for the first time in a while. So, yeah. That is it. Uh, I'll leave all the links below to everything, Lucid Trading discount, Range Prop discount, and my free Discord if you want to follow along with my trades.

With that, I will leave you with this video of my hero. >> So, what's one bit of advice you'd give to anyone >> playing. No, it's not playing. Is it playing? All right. >> And out there? Just [ __ ] gamble the future every time. Stop being a loser. Scared money don't make money, [ __ ] >> Scared money don't make money, [ __ ] All right, see you later. Have a good one. Take care.