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Is success in passing a prop firm challenge primarily due to luck rather than skill and knowledge?

JohnJohn

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Firstly, thank you for considering this question. Luck can certainly play a role in a person's life, but it does not guarantee success. It is important to recognize that luck alone cannot provide the desired outcomes.

In prop trading, it is crucial to have a good understanding of the market, including its movements and the character of your currency pair. It is also essential to comprehend the risks involved in trading and accept them. Understanding the prop firm's rules and why they have added them is crucial.

Realism is necessary. Passing a challenge in one day is highly unlikely. The reason why firms provide 30 calendar days is that it takes time to master the skills required to succeed. It is possible to make a profit ranging from 5 to 10 digits, but discipline is essential.

Being skilled in one's personal trading method is vital to passing all trading challenges. Luck will favor those who have the ability to convert their skills into power.
 

Bustamante

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You make the question and you answer yourself or what I don't get it, cheers. Maybe you forgot to choose the proper type of post , dunno
 
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