Mihail Chekirlan🇲🇩Did not pass
$20,000 · The Trading Pit
Mihail Chekirlan is documenting a CFD 2-Step · MT5 challenge with The Trading Pit (Forex), as part of the JoinProp Real Prop Challenge.
LinkedInThe journey
10 updates · newest first
- inLinkedInWaiting for the right entry
The hardest part of trading is waiting for the right position and the right entry point.
- inLinkedInUpdate
Looking at my account balance, I’d have to say I’ve failed the second stage of the challenge – a bit of a let-down, I won’t lie. But trading is the sort of job where there are both losses and wins. It seems to me trading is the only field where even a losing trade can be the right move from the point of view of the market-entry plan. So we analyse the situation, draw conclusions about why things turned out this way, and carry on working. Thank you to my partners JoinProp.
- inLinkedInMilestone
I have completed the first stage and moved on to the second. I would not say it was easy, but it was not that difficult either – because every time a new trading session begins, a new battle begins. To know what to do, or to make any predictions, you need to have a good plan and a strategy for dealing with different situations. Thanks to this approach, the majority of my trading periods end in profit. And I am on this journey together with my partners at JoinProp. Trading carries risk; past performance is not a guarantee. #ad – paid partnership with JoinProp and The Trading Pit.
- inLinkedInUpdate
Today was a really tough day. But my trading plan paid off, and thanks to my discipline I managed to end the day in the black. All part of the JoinProp Real Prop Challenge. Trading carries risk; past performance is not a guarantee. #ad – paid partnership with JoinProp and The Trading Pit.
- inLinkedInUpdate
Today, on the DE40 index, I spotted an interesting technical pattern – a triple top at 25,200. The price attempted to break through this level but failed, and when it broke below 25,060 I opened a short position as the level was retested. I am taking part in this challenge with the support of my partners at JoinProp. This information is provided for informational purposes only. Trading carries risk; past performance is not a guarantee. #ad – paid partnership with JoinProp and The Trading Pit.
- inLinkedInUpdate
I recently came across a puzzling situation while trading with prop firms. It is very interesting, so I got in touch with the manager and am awaiting a reply. In trading and when working with prop firms, it is not just about profits and losses, but also about these kinds of situations. All of this is taking place as part of a real-time prop challenge and real-time information exchange – not just profits and losses, but operational matters too. All of this is happening thanks to my partners at JoinProp. Trading carries risk; past performance is not a guarantee. #ad – paid partnership with JoinProp and The Trading Pit.
- inLinkedInUpdate
There is a view online that prop firms are the devil – the argument being that they do not train traders but turn people into casino gamblers, and that a personal account is far better. I agree a personal account is better in some respects. But prop trading teaches discipline: not trading on the news, following risk management, patience and waiting. All of these rules work very well in shaping a trader. Once you have completed a couple of prop challenges and gained experience trading within relatively strict parameters, you can start trading your own account – free in your actions, but with solid experience under your belt. I am following this path myself with my partners at JoinProp. All information is provided for educational purposes only. Trading carries risk; past performance is not a guarantee. #ad – paid partnership with JoinProp and The Trading Pit.
- YTYouTubeVideo
New YouTube video, in Russian: ‘Why I keep a blog if I am not an expert.’ Mihail talks about why documenting the journey in public and building a social presence matters for your growth as a trader, even when you are not a guru or an expert – just someone living the process, with the ups and downs. Part of the JoinProp Real Prop Challenge. Trading carries risk; past performance is not a guarantee.
- inLinkedInUpdate
The trading week has come to an end, so it is time to draw some conclusions. My strategy let me end the week with a small profit. However, as I run several accounts, on the very first day I nearly breached both the company’s rules and my own. I was trading a 200k prop account, and while switching between props and between accounts I began to lose focus – I could not understand why the account was sliding into the red. So I closed the terminal and walked away, had a cold shower and went for a workout. When I came back I analysed the situation, and the mistake was simple: in my rush to replicate trades on another account I automatically set the same position size as on the main account. Looking back, that was a bad state of mind. Most traders go through this, but not everyone has the courage to admit where they went wrong. In most cases a trader’s losses are not down to technical or fundamental analysis – psychology plays a very significant role. To trade profitably you need to stay calm, stick strictly to your plan and trust your statistics. It was a tough week, but I managed to stick to my trading plan. Trading is risky; this post is for educational purposes only. #ad – paid partnership with JoinProp and The Trading Pit.
- inLinkedInAnnouncement
I have been offered a $20,000 prop challenge by JoinProp, sponsored by The Trading Pit. Over the next few weeks I will be documenting the entire journey here on LinkedIn – the wins, the mistakes, the emotions, the lessons. No filters. Whether I pass or fail, you will see the process exactly as it unfolds. I am not doing this to prove that trading is easy; I am doing it because I believe there is value in showing what the journey actually looks like. Of course, the goal is to pass the challenge – that is the plan. A big thank you to JoinProp for the opportunity, and a shoutout to The Trading Pit for sponsoring the challenge. Trading carries risk; past performance is not a guarantee. #ad – paid partnership with JoinProp and The Trading Pit.