Duc's Trading Journey
He Lost Money in Crypto — Now He Withdrawn $16,000
Trader Snapshot
Name | Duc |
Nationality | Not specified |
Trading Experience | Since 2017 (Approx. 8 Years) |
Full-Time Trader | Yes |
Trading Style | Intraday Trading |
Preferred Sessions | Not specified (Focuses on intraday gold setups) |
Funded Trading Firm | Audacity Capital |
Current Funded Account | $240,000 |
Progress Toward Next Target | Continues refining discipline and strategy after achieving a $16,000 payout |
Duc's Trading Journey
Summary
Duc, a full-time trader who recently celebrated a $16,000 payout from trading with Audacity Capital. Duc shares his trading journey, strategies, and mindset, offering valuable insights into the challenges and disciplines necessary for consistent profitability.
Key Highlights
- Trading Experience: Duc has been trading since 2017, starting with cryptocurrency, specifically during the Bitconnect pyramid scheme period where he initially suffered significant losses.
- Learning and Adaptation: After losses, Duc committed to studying price action, market movements, and various indicators (MACD, RSI). He now primarily uses the ICT (Inner Circle Trader) methodology, focusing on market structure and price action rather than relying heavily on traditional indicators.
- Asset Focus: Initially traded crypto, gold, and AUD/USD pairs. Currently trades only gold, using intraday strategies due to personal preferences and stamina.
- Risk Management: Early on, Duc traded with little regard for risk percentage, sometimes risking large sums relative to his account. Over time, he learned to adjust position sizes and cut losses quickly to protect his capital.
- Trading Style: Intraday trader who closes positions before the end of the day. Avoids trading during sideways markets or consolidation to prevent emotional damage and loss of focus.
- Psychological Discipline: Duc emphasizes emotional control and self-forgiveness as critical to trading success. He stresses the importance of not dwelling on mistakes and staying focused on the present market conditions.
- Fundamental Analysis: Avoids trading during major news releases, recognizing these moments as highly volatile and akin to gambling.
- Daily Routine: Starts the day by checking gaps, overnight price action, and news. Uses TradingView for charting and heavily invests time in back testing (notably tested over 76,000 candles).
- Trading Tools: Prefers using a computer over mobile devices for trading and analysis due to screen size and functionality. Does not use Expert Advisors or automated tools, placing orders manually.
- Trading Philosophy: Advocates that sometimes the best trade is no trade, aligning with the idea of patience and discipline in trading.
- Future Plans: Plans to save profits and eventually purchase his own home, reflecting a long-term financial goal beyond trading profits.
- Attitude Toward Profits: Prefers to keep profits in the bank for steady income rather than making immediate purchases.
Audacity Capital Empowering Traders Since 2012
Join the Prop FirmTimeline of Duc’s Trading Journey
Year | Event/Stage |
2017 | Started trading crypto; lost money in Bitconnect scheme |
2017–2021 | Studied price action, indicators (MACD, RSI), and learned ICT method |
Early 2020s | Transitioned to intraday trading, focusing on gold and AUD/USD |
Recent months | Joined Audacity Capital prop firm, managing $240K account |
Present | Achieved $16,000 withdrawal; continues refining discipline and strategy |
Core Concepts and Strategies
Concept | Description |
ICT Trading Methodology | Focuses on market structure and price action, waiting for confirmation before entering trades |
Risk Management | Reducing lot sizes; closing trades quickly when profits hit targets to preserve capital |
Emotion Control | Forgiving mistakes, avoiding dwelling on losses, and staying mentally present |
Avoiding News Trading | Staying out of the market during volatile news releases to prevent unpredictable risks |
Intraday Trading | Prefers closing trades within the day, avoiding overnight positions and fatigue |
Backtesting | Intensive historical data analysis to improve trading decisions |
Funded Trader Program
Funded Trader ProgramPsychological Insights
- Forgiveness and Emotional Control: Duc highlights the importance of forgiving oneself after bad trades to avoid carrying negative emotions into subsequent trading days.
- Staying Present: He emphasizes living in the moment rather than dwelling on past mistakes, which is crucial both psychologically and technically.
- Avoiding Over-freedom: Duc warns against having too much free time, as it may lead to making poor trading decisions or distractions.
Advice for New Traders
- Use a proper setup, preferably a computer, to analyze charts and place trades.
- Prioritize discipline and emotional control over relying solely on indicators.
- Study and practice consistently, including extensive back testing.
- Recognize when not to trade, especially during high-impact news events or unclear market conditions.
- Understand that trading is a job requiring focus and structure, not casual speculation.
Quantitative Data
Metric/Detail | Value/Description |
Trading Experience | Approximately 8 years |
Prop Firm Account Size | $240,000 |
Recent Withdrawal Amount | $16,000 |
Backtesting Scope | 76,000 candles analyzed |
Typical Trade Duration | Intraday; max 1.5 days |
Early Lot Size (approx.) | 4 lots (~$4,000 per position) |
Audacity's Prop Firm Challenge
Free Prop Firm ChallengeConclusion
Duc’s trading story is marked by perseverance, continuous learning, and psychological growth. His success with Audacity Capital highlights the significance of disciplined risk management, emotional intelligence, and strategic market engagement. His emphasis on staying present, avoiding impulsive trades during news, and thorough preparation establishes a strong foundation for sustainable trading profitability. Duc serves as a credible example for aspiring traders aiming to transition into full-time trading careers while maintaining balance and long-term financial goals.
Key takeaway
Trading success is not only about technical skills but equally about emotional resilience, discipline, and adapting strategies to changing market conditions.
Certification
Choose The Best Plan
Designed to reduce stress by removing deadlines 👍 Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time – GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the account’s balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) → $9,000 → Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) → $18,000 → The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Challenge
Designed to reduce stress by removing deadlines 👍 Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time – GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the account’s balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) → $9,000 → Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) → $18,000 → The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Designed to reduce stress by removing deadlines 👍 Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time – GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the account’s balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) → $9,000 → Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) → $18,000 → The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Designed to reduce stress by removing deadlines 👍 Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time – GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the account’s balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) → $9,000 → Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) → $18,000 → The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
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