Skip the Wait: How Tradeify Lets You Go Straight to Funded Trading

If you’ve ever dreamed of becoming a professional trader, you may have stumbled upon something called a prop firm in your research. Prop firms, short for “proprietary trading firms,” are companies that give traders the chance to trade with their capital, rather than using their own money. In exchange, traders share a portion of the profits they make. Sounds like a great opportunity, right?

But here’s the catch: Most prop firms require you to take an evaluation process first. Think of it as a test to prove you can handle their money responsibly. During this evaluation, you’ll need to show that you can meet certain profit targets without risking too much. It's a way for the firm to assess whether you're a good fit for their platform and rules.

While this evaluation process is common, it can feel like a long, challenging road for those eager to get started. That’s where Tradeify comes in, with a unique twist on how to fast-track your way to trading success.

The Traditional Prop Firm Process: A Stepping Stone to Funding

When you join a traditional prop firm, you usually have to go through the evaluation stage. This means you’re given a demo account to trade on, and your performance during this trial period determines whether you qualify for a funded account. The goal is simple: prove that you can make profits while managing risk responsibly.

This process often takes time for some, sometimes weeks or even months, and can be stressful. You’re constantly working to hit specific profit targets while avoiding drawdowns (losing too much money) to pass the evaluation.

Now, while the evaluation process can teach you discipline and strategy, it doesn’t necessarily work for everyone. Some traders simply want to skip the "test" and go straight to the real thing: actually trading with real capital.

Tradeify’s Straight-to-Funding: A Faster, Simpler Approach

Here’s where Tradeify’s Straight-to-Funding feature changes the game.

Instead of having to jump through the hoops of an evaluation, Tradeify lets you pay a one-time upfront fee to be directly funded—no evaluation required. This means you don’t have to waste time proving your skills in a demo account. You pay the upfront fee, you’re good to go!

This approach can be especially appealing for those who have experience but don’t want to deal with the long, drawn-out process of taking tests. Whether you’re a seasoned trader or just getting started, the straight-to-funding option can save you time, money, and stress. With this model, you can focus entirely on trading and earning profits, instead of jumping through hoops.

Why Tradeify’s Straight-to-Funding is Perfect for Beginners and Pros Alike

For beginners, the traditional evaluation process can be daunting. If you fail, you have to pay again and restart. A lot of people lack the patience. Tradeify’s straight-to-funding option removes that hurdle, giving you immediate access to a funded account so you can start trading and earn real money right away.

For more experienced traders, skipping the evaluation phase means you don’t have to worry about passing specific targets or dealing with restrictive rules. You pay the upfront fee, and you’re in business. This lets you focus on what you do best—trading.

The Benefits of Tradeify’s Straight-to-Funding Model

1. No Evaluation Needed – You don’t have to pass any tests to qualify for funding. This means no more demo accounts and no more waiting.

2. Faster Access to Capital – If you have the capital to pay upfront, you can start trading and earning profits right away without the delay of an evaluation.

3. Less Stress, More Focus – Without the pressure of evaluation targets, you can focus on refining your trading skills and maximizing profits.

4. A Chance to Jumpstart Your Trading Career – Whether you’re a beginner or a pro, this feature makes it easier to get into the game. You won’t waste time, and you can start trading with real money almost immediately.

Is This for You?

If you’re ready to take the plunge into the world of prop trading but don’t want to spend months proving your skills through a demo evaluation, Tradeify’s straight-to-funding feature might be the perfect solution. It allows you to go straight from zero to real trading in a much shorter timeframe. All you need is the initial upfront investment, and you’re set to start working with real capital.

No more waiting, no more evaluations, just a clear, fast path to the trading world.

Ready to get started?

It’s time to stop just dreaming about being a trader and take action. Tradeify’s straight-to-funding feature could be the shortcut you need to jumpstart your trading career. Whether you’re new to the game or an experienced trader looking for a fresh start, this option is here to make it easier for you to unlock your full potential.

Happy trading!

Common Mistakes Beginners Make When Trading with Prop Firms (And How to Avoid Them!)

So, you’re thinking about joining a prop firm. You’ve heard the benefits: no need for your own capital, access to bigger trading funds, and the chance to make some serious profits. But before you dive in, let’s talk about a few mistakes many beginners make when trading with prop firms—and how to avoid them, so you can set yourself up for success from day one.

1. Jumping In Without Enough Knowledge

Let’s be real—prop trading can sound super appealing, but it’s not a “get rich quick” type of deal. A lot of beginners get excited about the potential to trade with larger amounts of capital and rush into it without fully understanding the ins and outs of the market or the specific rules of the prop firm they’re joining.

How to avoid it:
Take the time to learn about the firm’s structure, rules, and trading strategies before getting started. Look for beginner-friendly resources that explain key concepts like risk management, trade sizing, and profit-sharing. Many prop firms offer educational content for new traders—use that to your advantage! You can also start small to get a feel for how things work before scaling up your efforts.

2. Ignoring Risk Management

When you’re trading with the firm's capital, there’s often more pressure to perform. A common mistake is to get too excited about the potential profits and throw risk management out the window. Whether it’s taking bigger trades or risking too much of your account on one position, a lack of proper risk management can quickly lead to blowing up your account.

How to avoid it:
Set clear stop-loss levels and never risk more than a small percentage of your total capital on a single trade. Stick to your trading plan, and don’t be tempted to chase big wins. Remember, consistency and preservation of your capital are key. Prop firms usually have risk parameters in place—make sure you're fully aware of these and that you follow them to avoid getting penalized or losing your account.

3. Neglecting to Practice on a Demo Account First

You wouldn’t run a marathon without training first, right? The same goes for prop trading. Some beginners dive straight into live trading with real capital without practicing first on a demo account. While demo trading won’t perfectly mirror live conditions (because there’s no real money at stake), it’s still a valuable way to test strategies and get comfortable with the platform.

How to avoid it:
Use the demo account to practice, practice, practice! Familiarize yourself with the trading platform, test out different strategies, and build up confidence in executing trades. Once you’ve consistently performed well in the demo environment, then—AND ONLY THEN—consider transitioning to live trading with real capital.

4. Overtrading Out of FOMO

The fear of missing out (FOMO) is something a lot of traders face, especially beginners. It can feel like you’re not doing enough if you’re not constantly placing trades. Prop firms typically reward traders based on their performance, which might make you feel like you need to always be active in the markets, even when you don’t have a solid opportunity.

How to avoid it:
Don’t force trades! It’s okay to sit on the sidelines when the market conditions aren’t right for you. A lack of patience can often lead to unnecessary losses. Keep in mind that being selective about your trades is just as important as making them. Focus on quality over quantity.

5. Failing to Adapt to the Firm’s Rules and Guidelines

Each prop firm has its own unique set of rules, including profit splits, drawdown limits, and minimum trading requirements. Beginners often overlook these specifics or misunderstand them, which can lead to unexpected issues down the road.

How to avoid it:
Before you start, read and understand the firm’s rules inside and out. Some prop firms have strict limits on things like maximum daily losses or trading times. Failing to adhere to these rules can result in penalties or losing access to the firm’s capital. Make sure you're crystal clear on what’s expected and take it seriously—those rules are there to protect both you and the firm.

6. Not Having a Trading Plan

Without a solid plan in place, it’s easy to get distracted or make impulsive decisions. Trading without a plan is like going on a road trip without a map—you might get somewhere, but you’re more likely to get lost or run into problems.

How to avoid it:
Before placing any trades, develop a clear trading plan that outlines your goals, strategies, risk tolerance, and the rules you’ll follow. Whether it's a simple one-page plan or a more detailed guide, having a strategy will help you stay disciplined and avoid making rash decisions that could harm your account.

7. Letting Emotions Drive Your Decisions

Trading is emotional, no doubt about it. But one of the biggest mistakes beginners make is letting their emotions—whether fear or greed—dictate their trades. If you're trading scared, you're likely to make overly cautious decisions that keep you from reaching your potential. If you're trading out of greed, you might take unnecessary risks that hurt your account.

How to avoid it:
Be aware of your emotional state before making a trade. Take breaks when you’re feeling stressed or overly excited, and stick to your trading plan. If you're feeling emotional, it’s better to step away from the screen than to make decisions that might not be in your best interest. Emotional discipline is one of the most valuable skills a trader can develop over time.

Final Thoughts

Prop trading is an exciting way to get involved in the markets without having to risk your own capital, but it’s not a free ride. By avoiding these common mistakes, you’ll be in a much better position to succeed as a prop trader. Take your time to learn, stay disciplined, and always follow your trading plan.

And remember, trading is a journey. There will be ups and downs, but with the right mindset and approach, you can work your way toward becoming a consistently profitable trader.

Recommended Prop Firms:

Apex Trader Funding: Enter BOB for best deal available

MyFundedFutures: Enter BREAK for best deal available

Recommended Prop Firm with NO evaluation:

Tradeify (Go STRAIGHT to Funded Account)

How to Find Stocks at a Discounted Value: A Practical Approach

In the world of stock investing, finding undervalued stocks—those trading below their intrinsic value—can offer a significant edge. While the concept of “buy low, sell high” is easy to grasp, identifying truly discounted stocks takes a bit more than just relying on headlines or popular opinions. The art of finding stocks at a discount lies in understanding valuation metrics, market sentiment, and the broader economic environment.

Let’s explore some proven strategies to locate these opportunities with a mix of technical and fundamental analysis.

1. Focus on Valuation Ratios: P/E, P/B, and EV/EBITDA

Valuation ratios are often the first stop when searching for stocks that might be trading below their intrinsic value. But here's the key—these metrics should be analyzed in context. A low P/E ratio doesn’t always signify a bargain, nor does a low Price-to-Book (P/B) ratio automatically indicate that the stock is cheap.

• P/E Ratio (Price-to-Earnings): Look for companies with a P/E ratio lower than their historical average, the industry average, and the market average. However, don't simply buy based on a low P/E—check if the low earnings multiple is justified by factors like weak growth or poor future prospects. An out-of-favor stock in a temporary slump may be a better bet than one with a P/E that’s low due to secular decline.

• P/B Ratio (Price-to-Book): A P/B ratio below 1.0 often suggests that the stock is undervalued, but it could also indicate that the market has serious doubts about the company’s asset quality. Assess the company's balance sheet and determine whether those low assets are tied to tangible or intangible assets (the latter is harder to value).

• EV/EBITDA (Enterprise Value/EBITDA): A solid metric for evaluating the value of a company’s operating performance, this ratio compares the value of a company, including debt, to its earnings before interest, taxes, depreciation, and amortization. A low EV/EBITDA relative to industry peers or historical benchmarks may signal that the company is undervalued.

2. Scrutinize the Company's Growth Trajectory and Competitive Position

Discounted stocks are often linked to temporary setbacks—whether due to a sector-wide downturn, a shift in management, or external market shocks. If a company’s fundamentals remain strong despite short-term challenges, its stock might be unfairly discounted.

• Earnings Growth Rate: Review the company’s earnings growth over the past 5–10 years. A stock might be undervalued if earnings have been consistently growing, yet the price has fallen due to market pessimism or overreaction to a bad quarter.

• Competitive Advantage (Moat): Evaluate whether the company has a sustainable competitive advantage. Companies with strong moats—such as brand loyalty, patent portfolios, network effects, or cost advantages—tend to recover faster from temporary setbacks and often have less volatile earnings. A company with a wide moat trading at a discount could be an opportunity.

3. Examine Insider Activity and Institutional Ownership

Insider buying and large institutional ownership can be strong indicators of a stock’s long-term prospects. If executives or major shareholders are increasing their holdings, this could be a sign that the stock is undervalued, especially if they’re doing so in a market downturn.

• Insider Buying: Pay attention to large insider purchases, particularly from key management members. Their buying behavior could indicate that they believe the stock is undervalued or that they expect a rebound. Conversely, insider selling, particularly if excessive, could signal the opposite.

• Institutional Ownership: A high level of institutional ownership can indicate confidence in the stock’s long-term prospects. When institutions start trimming their positions, however, it’s worth investigating the reasons behind it—if those reasons are related to short-term market events rather than company fundamentals, the stock might still represent a bargain.

4. Look for Stocks with a Catalyst for Change

A stock trading at a discount due to temporary headwinds or market mispricing is often a hidden gem, but the real value lies in finding catalysts that can unlock that value.

• Turnarounds: Companies that are in the midst of a restructuring or turnaround can often be bought at deep discounts. However, this requires a lot of due diligence. Are the management changes and strategy shifts truly likely to result in better performance? Understand the company’s restructuring plan and whether it’s likely to deliver lasting benefits.

• Mergers and Acquisitions (M&A): If a company is being undervalued due to being an acquisition target, this could represent a great opportunity, especially if the market has priced it too low. Be cautious of hostile takeover situations, but research potential acquirers and assess the likelihood of a deal happening.

• Sector Rotation: Certain sectors go in and out of favor. For example, if a sector like energy or financials is underperforming but you believe it’s due for a rebound, that sector could present discounted opportunities. Historical analysis can help determine which sectors tend to recover post-drawdown.

5. Utilize Quantitative Screens and Algorithmic Tools

A more systematic approach involves using quantitative screens and financial models to identify potentially undervalued stocks. Platforms like Bloomberg, FactSet, and even free tools like Yahoo Finance and Finviz can help filter stocks based on specific valuation criteria.

• Discounted Cash Flow (DCF) Models: For a more precise understanding of a stock’s intrinsic value, consider running a DCF model. This involves estimating the company's future cash flows and discounting them back to the present using an appropriate discount rate. If the current market price is significantly lower than the DCF value, it may indicate that the stock is undervalued. Just be sure to use conservative growth assumptions to avoid overestimating future cash flows.

• Relative Strength Indicator (RSI): While more commonly used as a momentum indicator, RSI can also signal when a stock is oversold. A low RSI (below 30) can indicate a stock that’s temporarily undervalued from a technical perspective, potentially signaling a buying opportunity if the company’s fundamentals are solid.

6. Watch for Market Overreactions and Psychological Biases

Markets often overreact to news—whether positive or negative—and this presents opportunities. Understanding psychological biases like loss aversion (investors’ tendency to avoid realizing losses) or herding behavior (where investors follow the crowd) can help you spot stocks that are undervalued due to irrational market behavior.

• Negative News Overreaction: When negative news hits a company, such as a regulatory investigation, earnings miss, or a lawsuit, there’s often a knee-jerk reaction that drives the stock price down, sometimes to a level that significantly underestimates the long-term impact. As an analyst, you need to carefully assess the severity of the news and whether it genuinely changes the company’s prospects.

• Fear and Greed Cycles: In bear markets or during broader economic uncertainties, fear drives stock prices down. While this can create opportunities, be mindful that some companies may never recover or could be fundamentally impaired by changes in the macroeconomic environment.

7. The Technical Aspect: Using Charts to Identify Discounted Stocks

While fundamentals are crucial in identifying undervalued stocks, technical analysis can provide additional insights into market sentiment and price action. A technical approach involves studying price charts, volume, and trends to understand how a stock is behaving in the market.

• Support and Resistance Levels: These are key price levels that a stock has struggled to move past. A stock that is trading near a major support level and showing signs of stabilization might be undervalued, particularly if there is an increasing volume of buying interest. If the stock rebounds from support, it may indicate the market has overcorrected, offering a potential discount.

• Moving Averages (MA): Short-term and long-term moving averages can give you an idea of the stock's trend direction. For example, if a stock is trading below its 200-day moving average but is starting to trend upward toward this level, it could suggest that the stock is at a discount and may soon recover. A moving average crossover, such as the 50-day MA crossing above the 200-day MA (a "Golden Cross"), is often a bullish signal.

• MACD (Moving Average Convergence Divergence): The MACD is a momentum oscillator that helps identify changes in the strength, direction, and momentum of a stock’s price trend. When the MACD crosses above its signal line, it can indicate an upward momentum shift, even if the stock is still trading at a discount. Similarly, an overbought MACD condition might warn you that the stock's value is no longer a bargain.

• Volume Analysis: A stock with low volume might be undervalued because it’s not attracting much attention from investors. However, a sudden increase in volume, particularly following a price dip, could signal that institutional buyers are beginning to accumulate the stock at a discounted price. Volume spikes often precede significant price moves, either up or down, so keeping an eye on volume changes is critical.

• Relative Strength (RS): The Relative Strength Index (RSI) is not just useful for finding oversold conditions; you can also use it to compare two stocks or sectors. If a stock is consistently outperforming its peers but is still trading at a low valuation compared to industry benchmarks, it might suggest that the stock is undervalued relative to its technical strength.

Conclusion: Patience and Diligence Are Key

Identifying undervalued stocks at a discount is more of an art than a science. It requires a blend of financial metrics, qualitative assessment, and an understanding of broader market dynamics. What often sets the most successful investors apart is their patience—waiting for the right moment when the market irrationally prices stocks below their intrinsic value.

By focusing on valuation metrics, understanding the company's fundamentals, tracking insider activity, identifying catalysts, and using quantitative tools, you can gain an edge in finding stocks at discounted values. On top of that, employing technical analysis can provide additional insights into market sentiment and help pinpoint entry points when a stock reaches its discount threshold. However, remember that no strategy is foolproof—always do your due diligence and have a well-thought-out risk management strategy in place.

Best charting software: TradingView

Best Trading Journal:
Tradezella

Best Trading Scanner:
Trade IDEAS

BEST PROP FIRMS:
APEX TRADER FUNDING (ENTER BOB FOR BEST DISCOUNT)

Best Prop Firms:
MyFundedFutures (enter break for best discount)

bEST pROP firms W/ NO EVALUATION:
Tradeify

Why Joining a Prop Firm Is the Ultimate Side Job That Pays Like a Full-Time Job

f you're looking for a way to make extra money—without quitting your 9-5 job or taking on the stress of starting a business—then becoming a trader with a prop firm could be the perfect side hustle for you. Imagine being able to work from home, set your own hours, and even scale up your earnings based on your own skills and commitment. Prop trading is an opportunity to earn a full-time income (or more) without the usual barriers and risks of traditional day trading. Here's why it could be the ultimate side job, especially if you're just getting started.

What is a Prop Firm?

A prop firm (short for proprietary trading firm) is a company that gives individuals access to capital to trade financial markets—stocks, forex, or even crypto. In return, the trader shares a portion of their profits with the firm. The best part? You don’t have to risk your own money to get started. These firms provide the capital, and you get to trade with it, keeping a majority of the profits. It’s a win-win scenario!

1. Low Barrier to Entry: Start with Minimal Capital

One of the biggest advantages of prop trading is the incredibly low barrier to entry. Unlike traditional stock investing, where you need a large amount of money to make meaningful trades, prop firms typically offer low-cost evaluations or subscription fees to get started. Some firms even let you test your skills with a demo account before you start trading real capital.

This means that if you’re interested in day trading but don’t have thousands of dollars to invest, joining a prop firm could be your golden ticket. You can get started for as little as $100–$200 with most firms (depending on the firm and evaluation rules). No need to risk your life savings!

2. Test Your Strategy with Real Stakes, But Low Risk

The most exciting part about joining a prop firm is that you get to test out your trading strategy on a live account without risking your personal funds. The firm provides the capital, so if you have a profitable trading strategy, you can use it to scale up quickly. And while the stakes are still real, the risk to you personally is far less compared to using your own money.

Think of it like a training ground where you can learn, refine, and improve your skills with real market conditions. It’s the best of both worlds—you're getting real-time feedback on how your strategy performs, but you’re not exposing yourself to unnecessary financial risk.

3. Build Confidence and Psychological Resilience

Let’s be honest: day trading can be stressful, especially when you’re just starting. The pressure of making the "right" decisions in real-time, with real money on the line, can make it difficult to stay calm and focused. That’s where a prop firm’s evaluation phase comes in handy.

Most prop firms require you to pass an evaluation or challenge before they provide you with full access to their capital. This is a great way to prepare psychologically. Even though you’re not using your own money, the evaluation process forces you to follow rules, manage risk, and deal with the emotional rollercoaster of day trading. It’s a controlled way to test your ability to stay disciplined under pressure—something that will serve you well in the long term.

By the time you pass the evaluation and get funded, you’ll have a much better understanding of how you handle the psychological side of trading. You'll learn how to manage both your risk and emotions, two things that are absolutely crucial in day trading.

4. No Need for a Huge Time Commitment

When people think of day trading, they often imagine hours of staring at charts, constantly monitoring the market. But with prop trading, you can tailor your strategy around your schedule. If you already have a full-time job, you can trade during the hours that fit you best—whether that’s in the morning before work, during your lunch break, or after hours.

Plus, many prop firms allow you to trade in different markets and across various timeframes. This flexibility is perfect for someone looking for a side hustle that doesn't consume all their free time.

5. Scalable Earnings and Growth Potential

One of the most appealing things about joining a prop firm is the ability to scale your earnings. While you start by earning a percentage of your profits (usually anywhere from 70% to 90%), the more you trade successfully, the more capital you’re typically given to trade with. This means your earning potential grows as you gain more experience and prove your skills.

Many traders join prop firms with the goal of eventually going full-time, and some even build up enough capital to become their own independent traders. If you find success with a prop firm, the potential to grow your income—and eventually leave your day job—is very real.

6. It’s a Community, Not Just a Solo Gig

When you think of day traders, you might picture someone sitting alone in front of a computer, making decisions in isolation. But many prop firms offer a community aspect, where you can connect with other traders. This means you can share strategies, learn from others, and even get support on the emotional side of trading.

Building a network of like-minded people can make the trading journey much more enjoyable—and less lonely. Plus, you’ll have access to training, mentorship, and resources that can help you improve your skills and reach your goals faster.

7. A Safe Gateway to the World of Trading

If you’re new to trading, diving straight into the market with your own money can feel intimidating. The market is volatile, and the risks are real. A prop firm provides a safer gateway to start trading by minimizing the financial risk and giving you the opportunity to grow in a structured environment.

Even if you’re not ready to go full-time, trading with a prop firm could be the perfect way to ease into the world of day trading, at your own pace, without overwhelming financial pressure.

Final Thoughts

If you're searching for a side hustle that’s low-risk, flexible, and has the potential for high rewards, joining a prop firm could be the ideal choice. You get to test your skills, develop your psychological resilience, and build up your trading experience—all without putting your personal money on the line. It’s a safe, structured, and scalable way to explore the exciting world of day trading.

Ready to see if prop trading is the right fit for you? Take the first step today and start your journey toward financial freedom!

Recommended Prop Firms:

Apex Trader Funding: Enter BOB for best deal available

MyFundedFutures: Enter BREAK for best deal available

Recommended Prop Firm with NO evaluation:

Tradeify (Go STRAIGHT to Funded Account)

How to Start Trading with Just $100

Many people believe that trading requires a huge bankroll, but that’s simply not true. With just $100, you can start trading and gradually grow your account over time. Thanks to recent changes in the settlement period (now T+1 instead of T+2), you can trade every day with a cash account. Here’s how:

1. Trade with a Cash Account

Since the settlement period for trades has been reduced to one day, you can use a cash account to trade daily with your $100. This allows you to stay active in the market without the need for a margin account or pattern day trading restrictions. Unlike margin accounts, cash accounts ensure that you are only trading with the money you actually have, reducing the risk of overleveraging and accumulating debt.

2. Focus on Small-Cap Stocks Under $10

With a limited budget, it’s best to focus on stocks priced under $10. This way, you can buy more shares and take advantage of small price movements. Small-cap stocks often have higher volatility, creating opportunities for quick gains. Research is key—look for companies with a strong chart setup, good technical indicators, and positive news catalysts. Keep an eye on liquidity and volume so you can enter and exit trades efficiently. To ensure you’re picking the right small cap stock to trade, I recommend Trade Ideas - a scanner that tells you in real time which of these stocks is gapping up.

3. Pick a Commission-Free Broker

Since your capital is limited, avoiding commissions is crucial. Here are some popular commission-free brokers:

• Webull – Commission-free trading with extended market hours and advanced charting features.

• Fidelity – Offers great execution and commission-free trades with a strong research platform.

• TD Ameritrade – No commissions and a variety of trading tools, including ThinkorSwim.

• E*TRADE – Provides commission-free trades with excellent customer support and educational resources.

4. Use a Simple Trading Strategy

With limited funds, a smart strategy is key. Consider:

• Swing Trading: Holding trades for a few days to capture market moves based on technical indicators.

• Day Trading: Entering and exiting trades within the same day to minimize overnight risk. Focus on high-volume stocks and set clear stop-loss levels.

• Trend Following: Identifying and trading in the direction of market trends, using moving averages and momentum indicators.

• Breakout Trading: Buying stocks that break through resistance levels on high volume, signaling a potential price surge.

5. Manage Risk Like a Pro

Protect your small account by following these risk management tips:

• Risk no more than 1-2% of your capital per trade to prevent large losses.

• Use stop-loss orders to exit losing trades quickly and protect your capital.

• Avoid emotional trading; stick to your plan and don’t chase losses.

• Diversify your trades rather than putting all your capital into a single stock.

• Keep a trading journal to track your trades, strategies, and lessons learned.

6. Take Advantage of Demo Accounts

Before trading real money, practice on a demo account. This helps you get comfortable with the platform and refine your strategy without financial risk. Demo trading also allows you to test different strategies and build confidence before committing real capital.

7. Follow Market Trends and News

Staying informed is crucial for making smart trading decisions. Follow financial news outlets, earnings reports, and economic indicators to anticipate market movements. Consider using platforms like Bloomberg, Yahoo Finance, and MarketWatch to stay updated on stock performance and breaking news.

8. Use Your $100 to Buy a Prop Firm Evaluation

Another great way to leverage your $100 is by using it to purchase a prop firm evaluation. Proprietary trading firms offer traders the opportunity to trade with significantly larger capital once they pass an evaluation process. One of the best options available right now is Apex Trader Funding, which provides access to funded accounts if you can prove your trading skills.

Apex Trader Funding is currently running a sale, allowing traders to get started with an evaluation for a discounted price. With my exclusive discount code BOB, you can get an even better deal. If you pass the evaluation, you’ll be able to trade with a much larger funded account, giving you more potential for profit than you would have with just your $100.

This is an excellent option for traders who have solid risk management skills and want access to more capital without putting their own money on the line.

9. Gradually Scale Up

The goal is to grow your account over time. Reinvest profits, continue learning, and maintain disciplined trading habits. Even a $100 account can turn into something bigger with patience and smart decision-making. Avoid withdrawing profits early and focus on compounding gains over time.

Final Thoughts

Starting with $100 might seem small, but with the right approach, it’s possible to build a solid foundation for trading success. Take advantage of the one-day settlement period, focus on small-cap stocks, use a commission-free broker, or consider purchasing a prop firm evaluation with Apex Trader Funding. Choose the right strategy, manage risk, and stay disciplined—your journey to profitable trading starts now!

The Beginner’s Guide to Trading: 10 Steps on How to Get Started from Scratch

Introduction: Why Trading?

• What is Trading?
  Explain the concept of trading: buying and selling assets like stocks, options, cryptocurrencies, or commodities in hopes of making a profit.

• Why People Trade:
  Touch on common reasons beginners get into trading (e.g., making extra money, building wealth, taking control of their financial future).

• The Risk and Reward:
  Highlight that while trading can be lucrative, it comes with risks. It's crucial to be prepared and informed.

1. Understanding the Basics of Trading

• What are Financial Markets?
  Explain what markets are (places where buyers and sellers meet) and provide examples like the stock market, forex market, or crypto market.

• Types of Assets You Can Trade:

  • Stocks: Owning shares of a company.

  • Options: Contracts that give the right to buy or sell a stock at a certain price within a period.

  • Cryptocurrency: Digital currencies like Bitcoin or Ethereum.

  • Forex (Foreign Exchange): Trading currencies (like USD/EUR).

  • Commodities: Things like gold, oil, agricultural products, etc.

2. Choose Your Trading Style

Explain the different types of trading styles, so beginners can decide what might fit them best:

• Day Trading:

  • Description: Buying and selling within the same trading day. Aimed at making profits from short-term price movements.

  • Pros/Cons: High potential for quick profits, but it’s time-intensive and high-risk.

• Swing Trading:

  • Description: Holding positions for a few days or weeks to capture short-to-medium-term trends.

  • Pros/Cons: Less stressful than day trading, but still requires regular monitoring of the markets.

• Long-Term Investing:

  • Description: Buying assets and holding them for months or years to benefit from long-term growth (ideal for stocks and ETFs).

  • Pros/Cons: Requires patience, but generally involves less stress and less frequent decision-making.

• Scalping:

  • Description: Making small profits from very short-term movements, typically in minutes.

  • Pros/Cons: Requires a lot of skill, fast decisions, and frequent trades, making it very stressful.

3. Learn the Lingo: Trading Terms Every Beginner Should Know

• Broker: The platform or intermediary through which you make trades.

• Spread: The difference between the buying and selling price of an asset.

• Leverage: Borrowing money to increase your position in a trade.

• Stop-Loss/Take-Profit: Automatic instructions to close your position at a certain level to minimize loss or lock in profits.

• Volatility: The degree of variation in an asset’s price; higher volatility can mean higher risk and reward.

• Bullish/Bearish:

  • Bullish: Expecting prices to go up.

  • Bearish: Expecting prices to go down.

4. Setting Up Your Trading Account

• Choose a Broker/Trading App:

  • What to Look For:

    • Commission-free trades (or low fees).

    • Security and regulation (check if the broker is regulated by authorities like the SEC in the U.S. or FCA in the UK).

    • User-friendly interface.

    • Access to the markets you’re interested in (stocks, crypto, etc.).

  • Popular Brokers for Beginners:

    • Webull (for stocks and ETFs).

    • Coinbase, Binance (for crypto).

    • Fidelity, Schwab (for a full-service experience with stocks, options, and ETFs).

• Fund Your Account:

  • Explain how to deposit funds into your trading account via bank transfer, credit card, or other methods.

  • Start small: Recommend starting with an amount you’re comfortable losing to reduce the risk of overexposure.

5. Create a Trading Plan

• Define Your Goals:

  • Are you looking for long-term growth, or do you want to make short-term profits?

  • Are you aiming for steady, modest returns or trying to maximize risk for higher rewards?

• Risk Management:

  • Use a Stop-Loss: Protect yourself from huge losses by setting a stop-loss order.

  • Risk Only What You Can Afford to Lose: A key principle to follow when you start.

• Keep Emotions in Check:

  • Explain how trading can be emotional (fear and greed). Discipline and a well-structured plan will help.

• Track Your Trades:

  • Keep a trading journal to learn from both your successes and failures.

6. Getting to Know Technical and Fundamental Analysis

• Fundamental Analysis:

  • Definition: The study of economic and financial factors to determine an asset’s value (e.g., looking at a company’s earnings reports or news about a cryptocurrency).

  • Example for Stocks: Analyzing a company's earnings, growth potential, and industry.

  • Example for Crypto: Studying the utility, adoption, and market news surrounding a cryptocurrency.

• Technical Analysis:

  • Definition: Analyzing price charts and using indicators (e.g., Moving Averages, Relative Strength Index, MACD) to predict future price movements.

  • Example for Stocks: Looking at stock price charts, volume, and patterns (e.g., support/resistance lines).

  • Example for Crypto: Using chart patterns and technical indicators to predict short-term trends.

7. Start Small and Build Up

• Paper Trading (Demo Accounts):
  Many platforms offer demo accounts where beginners can practice trading with virtual money. This helps build confidence without risking real capital.

• Start with Small Investments:

  • Emphasize starting small to minimize risk while learning the ropes. Gradually increase the amount you trade as you gain experience.

• Diversify Your Portfolio:
  Don’t put all your money into one asset. Spread out your risk across different types of investments (stocks, bonds, crypto, etc.).

8. Be Prepared to Learn and Adapt

• Stay Educated:

  • Books, Courses, and Blogs: Encourage them to learn continuously. Resources like “The Intelligent Investor” by Benjamin Graham, or free content from platforms like Investopedia, can be great starts.

• Follow the News:

  • Keep an eye on economic news, earnings reports, and global events, as they can influence the markets.

• Join Communities:

  • Engage with other traders through online forums, Reddit, Discord groups, and social media to learn from their experiences.

9. Common Mistakes to Avoid

• Overtrading: Trying to trade too frequently or with too much capital.

• Chasing Losses: Don’t try to make up for a loss by risking even more.

• Ignoring Risk Management: Not setting stop-losses or taking profits when needed.

• Following “Hot Tips”: Be wary of trading based on rumors or tips from unverified sources.

10. Conclusion: Embrace the Journey

• Patience and Practice: Remind readers that trading is a long-term skill that takes time to master. They won’t be successful overnight.

• Consistency is Key: Regularly practicing and refining strategies will lead to better decision-making and more consistent results.

• Start Your Journey Today: Encourage them to take their first steps cautiously, but excitedly, and stay dedicated to learning.

How to Pass a Prop Firm Challenge: A Proven Step-by-Step Guide for Aspiring Traders

If you’ve ever dreamt of trading professionally without risking your own capital, joining a prop firm is one of the best ways to turn that dream into a reality. But there's a catch: before you can trade with their money, you have to pass a challenge.

It’s not a walk in the park. But with the right approach, a clear strategy, and mental discipline, you can crack the code and get funded. This isn’t just about making money—it’s about proving you have the skills, discipline, and patience to trade professionally.

In this article, we’ll dive deep into the exact steps you need to take to pass a prop firm challenge, avoid common pitfalls, and set yourself up for long-term success.

What Is a Prop Firm Challenge?

A prop firm challenge is essentially a test that assesses your ability to manage capital and trade profitably under pressure. Prop firms like Apex Trader Funding, MyFundedFutures, and Trade Day offer traders the opportunity to trade with their capital—but only after you prove yourself through a series of objectives.

The challenge typically includes:

• Profit Target: For example, achieving a 10% profit in 30 days.

• Max Drawdown: You can’t lose more than 5% (or less) of the initial capital during the challenge.

• Daily Loss Limit: Often set at 1-2% per day to ensure you're not risking too much in one trade.

But passing this challenge is not just about being a good trader. It’s about mastering risk management, staying disciplined, and following the rules to the letter.

Step 1: Master the Prop Firm’s Rules and Requirements

Before you even think about opening a position, know the rules inside and out. The key difference between those who pass and fail is how well they follow the firm’s guidelines.

Key Things to Know:

1. Profit Target & Timeframe: You’ll usually have a set timeframe to hit a profit target—let’s say 10% over 30 days. Make sure you break this down: don’t try to hit the target all at once, and don’t rush it. You can take small, steady wins.

   • Example: If you're aiming for a 10% profit in 30 days, target a 0.33% return per day. This helps you avoid going for big wins that could blow up your account.

2. Max Drawdown: This is one of the most crucial rules. Exceeding the max drawdown (usually 5% of the starting capital) means you’ll fail the challenge. Never risk more than 1-2% on a single trade.

   • Example: On a $50,000 account, you can't lose more than $2,500. If you’re risking 1% per trade, that’s $500. This means you can take 5 losing trades in a row before you hit the max drawdown limit.

3. Daily Loss Limit: Most firms impose a daily loss limit of 1-2%. This means if you lose 1% in a day, you need to stop trading immediately. This forces you to maintain strict discipline.

   • Pro Tip: Set an alert or reminder on your phone so that you’re aware when you’re close to the daily loss limit.

Step 2: Develop a Specific, Repeatable Strategy

In the prop firm challenge, consistency is king. You’re not looking for home runs—you’re looking for steady, repeatable profits.

How to Build a Trading Strategy That Works for the Challenge:

1. Focus on 1-2 Trading Setups: Choose simple setups that you can repeat over and over. This could be a basic trend-following strategy, breakouts, or a scalping method. Don’t complicate things.

   • Example: A moving average crossover strategy (where a shorter-term moving average crosses above a longer-term moving average) can work well for swing trading. It's simple and gives you clear entry and exit signals.

2. Don’t Overtrade: Prop firms want to see that you can manage risk. Overtrading—making too many trades, especially when the market doesn’t fit your setup—can be disastrous. If you’re not sure whether a setup is good, skip it.

   • Pro Tip: Set a limit for the number of trades per day, such as 3-5 trades. This helps keep you focused and reduces the chance of unnecessary losses.

3. Trade with the Trend: The safest way to trade is by aligning with the market's overall trend. Don’t fight it. For example, if the market is bullish, focus on buy setups, not shorts.

   • Example: In an uptrend, look for pullbacks to enter long positions rather than trying to sell short.

Step 3: Simulate the Challenge with a Demo Account

Before jumping into a real prop firm challenge, practice under realistic conditions. Use a demo account that mirrors the rules of the prop firm you want to join.

What to Do in the Demo:

• Replicate the Exact Rules: Set up your demo account with the same profit target, drawdown limits, and daily loss limits.

• Track Your Performance: Treat this as a dry run. Track your win rate, average risk-to-reward ratio, and how often you hit the max drawdown or daily loss limit.

• Test Your Risk Management: Set strict rules about how much you’re willing to risk per trade and practice sticking to them—this is crucial for success in the challenge.

Step 4: Cultivate Mental Discipline and Avoid Emotional Decisions

One of the biggest pitfalls traders face in prop firm challenges is emotional trading—making decisions based on fear, greed, or impatience. The key to success is learning how to control your emotions and stay mentally disciplined.

How to Stay Mentally Strong:

1. Use a Trading Journal: Keep track of every trade—why you took it, the outcome, and how you felt. This will help you identify patterns and improve.

   • Pro Tip: Write down your emotional state during trades (e.g., were you feeling nervous, overconfident, or frustrated?) so you can recognize emotional bias and correct it.

2. Set Realistic Expectations: Don’t expect to double your account overnight. In fact, small, consistent wins are often the key to passing the challenge. If you’re up 5-6% after two weeks, that’s great progress.

   • Pro Tip: Focus on hitting small daily targets rather than trying to reach your overall profit target too quickly. This prevents you from taking unnecessary risks.

3. Follow a Routine: Start and end your trading day at the same time. Have a set routine that includes pre-trade analysis, a break after each trade, and post-trade review. This structure helps keep your mind clear and reduces emotional decisions.

Step 5: Stick to the Challenge Rules—No Exceptions

The most important factor in passing the challenge is following the rules without exceptions. Prop firms are strict about the max drawdown, daily loss limits, and other parameters for a reason—they want to see that you can trade responsibly and consistently.

• If you hit your daily loss limit, don’t try to make it back with high-risk trades.

• If you’re near your profit target, don’t risk it all by making a “big bet” on one trade. Consistency is better than a big win.

Final Thoughts: Your Path to Becoming a Funded Trader

Passing a prop firm challenge is more than just a test of your trading knowledge. It’s about demonstrating that you can follow rules, manage risk, and stay disciplined.

Here’s a quick recap of how to succeed:

• Understand the firm’s rules and trade with them in mind.

• Develop a repeatable, low-risk strategy with clear entry and exit points.

• Practice rigorously on a demo account.

• Manage your emotions and stick to your plan—no exceptions.

• Stay patient and consistent; remember, the goal is steady profits, not home runs.

You don’t need to be a trading genius to pass a prop firm challenge, but you do need to be consistent, disciplined, and able to follow the rules. If you can do that, you’ll be well on your way to becoming a funded trader and turning your trading passion into a career.

Recommended Prop Firms:

Apex Trader Funding: Enter BOB for best deal available

MyFundedFutures: Enter BREAK for best deal available

Copy Trading for Prop Firms: A Beginner’s Guide to Maximizing Profits

If you're dipping your toes into the world of trading, you might have come across the term "copy trading" and wondered what it's all about. For traders working with a proprietary (prop) firm, copy trading can be a game-changer, allowing you to potentially 3x, 4x, or even 5x your profits. Let’s break it down step by step so you can understand the concept and see how lucrative it can be.

What Is a Prop Firm?

A proprietary trading firm, or prop firm, provides traders with access to significant capital to trade the financial markets. Instead of trading with your own money, a prop firm gives you a funded account, often after you pass an evaluation process. The firm takes on most of the financial risk while splitting the profits with you.

This setup is particularly attractive to skilled traders who may not have enough personal capital to trade at scale. However, to be consistently profitable with a prop firm, you need to master a solid trading strategy.

Why Mastering a Trading Strategy Is Key

Trading successfully with a prop firm requires discipline and a well-defined strategy. This isn’t just about luck; you need to:

• Understand the markets: Whether you trade forex, stocks, or commodities, understanding price action and market trends is essential.

• Backtest your strategies: Use historical data to see how your strategy would have performed in the past.

• Stick to risk management rules: Prop firms usually have strict drawdown limits, so keeping your risk per trade in check is crucial.

Once you’ve achieved consistent profitability, the real magic begins: scaling your earnings through copy trading.

What Is Copy Trading?

Copy trading allows you to replicate trades from one account to another automatically. For example, if you execute a trade on one account, the same trade is mirrored on multiple other accounts. This is where having multiple prop firm-funded accounts can multiply your profits significantly.

Imagine this:

• You have one prop firm account making $1,000 a month.

• By copying trades across three accounts, you could potentially make $3,000 a month.

• Scale it further to five accounts, and you’re looking at $5,000 a month, assuming consistent performance.

The best part? The effort remains the same since the trades are automated across all accounts.

Setting Up Copy Trading with TradingView

When it comes to charting and trade analysis, TradingView is one of the best tools in the market. It offers an intuitive interface, powerful charting capabilities, and access to a community of traders. Here’s how you can leverage TradingView to set up a trade copier:

1. Analyze Your Trades: TradingView’s charting tools allow you to identify trade opportunities with precision. You can use features like customizable indicators, drawing tools, and multi-timeframe analysis.

2. Automate Trade Execution: Once your strategy is solid, you can connect TradingView to third-party trade copier tools or brokers that support automation. TradingView's webhooks and alerts can trigger trades that get copied across all linked accounts.

3. Monitor Performance: With TradingView’s detailed analysis features, you can track how well your strategy is performing across multiple accounts and make adjustments as needed.

Why Use TradingView?

Even if you’re not using it for copy trading, TradingView is a fantastic platform for:

• Charting: Its clean interface and wide range of chart types make it a favorite among traders.

• Community Insights: Follow other traders, share ideas, and learn new strategies.

• Accessibility: TradingView works seamlessly across devices, so you can stay on top of your trades anywhere.

Final Thoughts

Copy trading for prop firms is an excellent way to maximize your earnings once you’ve mastered a trading strategy. By scaling your efforts across multiple accounts, you can significantly increase your profits without additional workload.

Using a reliable platform like TradingView makes the process even smoother. Whether it’s analyzing charts or setting up automated trade copiers, TradingView equips you with the tools you need to succeed.

Ready to take your trading to the next level? Start small, refine your strategy, and explore the power of copy trading—your future self will thank you!