Kyle's Trading Journey
From Part-Time Trader to $480K Funded Account : Success Story
Trader Snapshot
Attribute | Value |
|---|---|
Name | Kyle Laru |
Profession | Carpenter / Part-time Forex Trader |
Experience Level | 2-3 Years |
Current Funded Account | $480,000 |
Progression Timeline | $120k to $480k in less than a week (Oct 18-21) |
Profit Target Achieved | 10% (multiple times) |
Trading Style | Swing Trading |
Primary Markets | Forex (GBP, EUR, AUD pairs) |
Timeframes Analyzed | Monthly, Weekly, Daily, 4-Hour |
Key Strategy Focus | Psychology and Mindset over Indicators |
Risk Management | 0.5% - 1% per trade |
Prop Firm | AudaCity Capital |
Kyle's Trading Journey
Summary
Kyle Laru, a part-time Forex trader and carpenter by trade, shared insights into his trading journey, mindset, and approach to managing a funded trading account through Audacity Capital. Having started trading roughly four years ago, Kyle has progressed rapidly, currently managing a $480,000 funded account after successfully doubling his account size twice within a short period.
Timeline of Key Events and Milestones
Date/Period | Event/Development |
|---|---|
~4 years ago | Kyle began learning Forex trading just before COVID-19, starting with online classes and research into bar pattern graphs. |
~2 years into trading | Became consistently profitable after about two years of learning and practice. |
October 5 | Managed a $120,000 account with Audacity Capital. |
Mid-October | Doubled account size to $240,000 after reaching 10% profit target. |
October 21 | Further doubled account to $480,000, approaching the maximum funded account size. |
Core Concepts and Trading Approach
- Trading Background and Motivation
- Kyle transitioned from carpentry to trading seeking a new challenge outside his comfort zone and unrelated to his professional background.
- His motivation was driven by curiosity and the desire to learn a completely new skill.
- Learning Curve and Profitability Timeline
- Took approximately two years to become consistently profitable, emphasizing that the learning period varies per individual.
- Even after becoming profitable, Kyle acknowledges continuous learning and development in trading skills.
- Psychology and Mindset
- Emotional control and trading psychology were major hurdles early in his career, especially dealing with losses and stop-loss triggers.
- The key transformation was a change in mindset rather than strategy — taking breaks to reset emotionally and returning with a neutral, calm mindset helped him trade more effectively.
- Kyle stresses that emotions can heavily influence trading decisions, and mastering psychology is crucial for success.
- He views trading as a business, focusing on numbers rather than the dollar amount to reduce emotional attachment.
- Strategy and Market Analysis
- Uses a top-down approach starting from monthly and weekly charts down to 4-hourly charts to find confluences and trading opportunities.
- Primarily trades currency pairs, with a current focus on GBP pairs due to recent volatility and liquidity.
- Incorporates a mix of technical analysis (trend lines, divergences, higher highs/lows) and light fundamental awareness (e.g., UK political events affecting GBP).
- Applies correlation analysis between pairs (e.g., EUR/USD correlating with USD/CAD or USD/CHF) to confirm trades.
- Risk Management
- Employs strict risk control, typically risking between 0.5% to 1% per trade, adjusting stop losses and take profits accordingly.
- Emphasizes the importance of viewing the account as a numerical business rather than focusing on dollar values to keep emotions in check.
- Trading Style
- Prefers swing trading to free up time and manage trades with stop-loss adjustments to break even, enabling risk-free management.
- Avoids overtrading and sticks to a few currency pairs that he consistently monitors for better familiarity and control.
Experience with Audacity Capital Funded Trader Program
- Kyle values the risk parameters and trading rules of the program, describing them as humbling and discipline-enhancing.
- The minimal leverage and selective instrument list helped him refine his skills and avoid excessive risk-taking.
- Praises the support and responsiveness of Audacity Capital’s team, highlighting their helpfulness in answering queries promptly.
- Recommends the program especially to beginner Forex traders as a platform to sharpen skills under realistic risk constraints.
Are You Looking For A Funded Trader Program?
Funded Trader ProgramKey Insights and Advice
- Mindset over Strategy: Kyle’s biggest breakthrough was improving his trading psychology without changing his trading strategy, underscoring that success is often about managing emotions and mindset rather than finding a “perfect” system.
- Consistency and Patience: Profitability took time, and persistence through losses is essential. Humility and the acceptance of a grind are part of the journey.
- Risk Management: Viewing trading as a business and managing risk with discipline is foundational to long-term success.
- Selective Trading: Focusing on a limited set of currency pairs and understanding their correlations helps improve trade quality and risk control.
- No Trade is Also a Trade: Sometimes the best decision is to stay out of the market when signals are unclear, avoiding unnecessary risk.
Quantitative Data Summary
Metric | Value/Description |
|---|---|
Years Trading | ~4 years (part-time) |
Time to Profitability | ~2 years |
Current Funded Account Size | 480,000(after doubling from 480,000(after doubling from 240,000 and $120,000) |
Typical Risk Per Trade | 0.5% to 1% of account |
Trading Style | Swing trading, top-down technical + light fundamental analysis |
Join the Free Prop Firm Trading Competition
Join the CompetitionConclusion
Kyle Laru’s trading journey emphasizes the critical role of mindset and emotional discipline in achieving consistent profitability. His success within the Audacity Capital funded program showcases the importance of structured risk management, selective market focus, and continuous learning. His experience offers valuable lessons for traders at all levels, particularly the idea that psychology often outweighs the strategy itself in determining trading success.
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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