Hi y’all…
I’ve successfully passed two $25,000 accounts with FundingPips, and they are currently onboarding. I’m looking for tips to help me avoid blowing these accounts and have a successful trading experience.
In the past, I had a $25,000 account with FundingPips and ended up blowing it after just one payout, so I want to gather some advice before I start trading with these two accounts. Also, what are your thoughts on merging the two accounts?
Great job… Don’t merge the accounts; keep them separate and do copy trading. Use one as a backup in case you want to change your strategy.
The only issue with FundingPips is they won’t let you copy trade, you have to trade different pairs
Risk only 0.1% per trade. If you lose 50 times, it’s harder to blow the account compared to risking 1% and facing a likely 5-loss streak. You might think, “But I’ll make less money!” That’s not true. Blowing an account means you make no money, while someone who risks 0.1% can keep trading and potentially earn more in the long run.
Merging accounts is a big mistake. If you pass both, you can afford to lose just once.
You could just keep doing what you did to pass them.
Congratulations on passing the accounts! To avoid blowing them, stick to a strict risk management plan…like risking only 0.1% per trade. It really helps you stay in the game longer. Also, I wouldn’t recommend merging the accounts; keeping them separate gives you more flexibility.
Great job on passing the accounts! Focus on developing a solid trading strategy and be disciplined about your entries and exits. I suggest keeping the accounts separate to manage your risk better and allow for different strategies if needed.
Well done… To protect your accounts, consider using a trailing stop loss and avoid trading during high-volatility news events. As for merging, it might be better to keep them separate so you can adjust your approach without risking both accounts at once.