Joshante Amisha's Trading Journey
Joshante Amisha on Price Action & Scalping : Audacity Capital Interview
Trader Snapshot
Name | Joshante Amisha |
Age | 28 |
Trading Experience | ~10 Years |
Funded Amount | $60,000 |
Time to Target 1 | 1 Week |
Primary Strategy | Price Action & Timing |
Trading Style | Intraday & Scalping |
Key Pair | Cable (GBP/USD) |
Risk Management | 0.5% per trade |
Joshante Amisha's Trading Journey
Introduction and Context
- The video opens with a warm greeting and brief casual exchange.
- The interviewee, Joshante Amisha, is introduced, and the focus is on discussing his trading experience and recent achievement of hitting his first target in the Audacity program.
- The interviewer highlights that Joshante achieved this milestone within one week, emphasizing the impressiveness of this accomplishment.
Trader’s Background and Career Start
- Joshante Amisha, age 28, began trading around age 18-19, marking over 10 years in trading experience.
- His career started after being headhunted for an internship at a proprietary trading firm called Solomon Blake.
- Prior to that, he had an internship at HSBC in commercial banking which sparked and grew his interest in trading.
- After Solomon Blake, he progressed to trading at another top firm, continued refining his strategy, and has been trading full-time ever since.
- Currently, he is a full-time trader and also runs a smart tech company funded by his trading profits, showing diversification of his interests and investments.
Trading Strategy Overview
- Joshante’s strategy is primarily based on price action combined with time analysis, as he believes market history tends to repeat itself.
- He factors in market psychology, particularly focusing on how retail traders’ emotions like fear, impatience, or greed influence market moves.
- His approach is to trade contrary to typical retail behavior, aiming to capitalize on the crucial entry points that retail traders often miss.
- His trading style is predominantly intraday, with a focus on scalping: instead of aiming for large single trades, he prefers capturing smaller gains repeatedly (e.g., 10 pips multiple times).
- Price action remains the core component of his methodology, with confluence elements added but with minimal reliance on indicators.
Prop Trading Challenges & Rules
Free Prop Firm ChallengeUse of Indicators and Psychology
- Joshante experimented with many technical indicators but found them less reliable because they are mathematically based and do not account for the human psychological aspect of trading.
- He believes psychology plays a bigger role than pure technical analysis in determining market movements and outcomes.
- His strategy includes two custom-developed trading methods that he has created over the years.
Risk Management Before and After Joining Audacity
- Before Audacity, Joshante was using his own risk management approach without formal restrictions on lot size or strict drawdown limits.
- With Audacity, he adapts to the program’s risk parameters, including limited lot sizes and maximum allowable loss percentages, which promote disciplined risk control.
- He has shifted focus somewhat to swing trading on FX pairs (forex) due to their lower volatility compared to indices. This allows holding trades over several days instead of strictly intraday scalping.
- His risk approach is highly conservative: for example, aiming for a 3,000 GBP profit target broken down into daily goals with only a 0.5% risk at any given time.
- He typically breaks targets down into multiple smaller trades to manage risk better and avoid significant drawdowns.
Experience with Hitting the First Target
- Joshante joined the Audacity program on November 25 and achieved his first target by December 2, a notably fast progression.
- He reported no major difficulties in reaching the target, though he was recently recovering from COVID-19, which affected his mental focus temporarily.
- He prefers to be fully focused and mentally prepared when trading actively, highlighting the importance of mindset in trading success.
Trading Instruments and Preferences
- While Audacity initially focuses on the forex market, Joshante expressed a preference for indices due to their higher volatility and better trading opportunities. He believes indices would allow him to achieve targets faster.
- He commented that FX trading can sometimes feel slow and uneventful, likening it to “watching paint dry.”
- His current FX trading focus has been primarily on the Cable pair (GBP/USD), which he favors because:
- It correlates closely with US and German indices, providing a familiar trading environment.
- He has a long history trading cable, dating back nearly 10 years, which gives him a significant edge.
- He acknowledges that FX pairs generally have less volume and volatility compared to indices, requiring a slower, more patient approach.
Advice for New Traders and Program Participants
Are You Looking For A Instant Funded Trading Program?
Funded Trader Program- Joshante emphasizes the importance of breaking down profit targets into smaller, achievable daily goals to make the process less overwhelming and more manageable.
- He highly praises Audacity’s efficient and fast withdrawal process, finding it convenient and trader-friendly compared to other platforms with longer payout delays.
- Stressing money management, he recommends focusing on consistent small gains rather than aiming for large profits in single trades, which aligns with his own trading philosophy.
- He believes that Audacity’s risk management rules help new or undisciplined traders control greed and improve discipline, as limits force better risk control.
- However, he also suggests that the strict lot size restrictions and drawdown limits can slow down some traders’ progress toward targets. He proposes a potential improvement:
- Allowing traders to use higher lot sizes as their equity and gains increase, while still maintaining a max drawdown limit. This could help scale profits faster without compromising risk control.
Closing Remarks and Outlook
- The interview concludes with mutual appreciation.
- Joshante expresses confidence in becoming one of the top traders in the program and contributing to a team.
- The interviewer looks forward to a future follow-up interview when Joshante hits his next target.
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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