Megiliano's Trading Journey
How Megaliano Rebuilt His Funded Account After Losing $480K
Trader Snapshot
Name | Megaliano |
Location | Not Specified |
Experience | Trading Since 2016 (7+ Years) |
Trading Status | Funded Trader |
Primary Programs | Proprietary Funding Program (Since 2021) |
Trading Style | Swing Trading (Higher Timeframes) |
Megiliano's Trading Journey
Overview
This article summarizes an in-depth interview with Megaliano, a seasoned trader with over seven years of experience in the financial markets.
The discussion explores his journey within a proprietary funding program, highlighting rapid account growth, major setbacks, recovery strategies, and long-term lessons.
His story reflects the realities of trading at scale and emphasizes discipline, emotional control, and perseverance.
Timeline of Key Events
Period / Date | Event / Development |
January 2016 | Began trading (demo first year, then live) |
October 2021 | Joined funding program (Best Capital) |
First 2 Months | Cautious trading on $15K account |
After 2 Months | Hit profit targets three times |
Following Months | Scaled to $120K, declined to $110K |
Later Period | Reached $480K account |
After 4–5 Months | Breached drawdown on $480K |
Current Status | Rebuilt from $15K to $30K |
Trading Experience and Progression
Megaliano began trading in 2016, starting with demo accounts before moving to live trading.
Key stages of his development include:
- Demo trading in the first year
- Six years of live trading experience
- Joining a funding program in 2021
- Scaling from $15K to $480K
- Facing psychological pressure at higher capital levels
Managing large account sizes introduced emotional challenges, especially near six-figure balances.
A major setback occurred when he switched to unfamiliar trading pairs, which disrupted his consistency.
Critical Challenges and Lessons
Trading Unfamiliar Markets
One of his biggest mistakes was shifting focus to GBP/USD, a pair outside his specialization. This led to:
- Poor timing of entries and exits
- Increased losses
- Drawdown breaches
He later realized the importance of mastering familiar markets.
Loss Control
Through experience, he learned to:
- Cut losses early
- Avoid holding losing positions
- Reduce emotional attachment
These habits became central to his recovery.
Are You Looking For A Instant Funding Trading Program?
Check Our Funded Trader ProgramTrading Strategy and Style
Trading Approach
Megaliano follows a swing trading strategy focused on higher timeframes.
Key characteristics include:
- Trading on 4-hour and daily charts
- Holding positions for longer durations
- Avoiding scalping and day trading
- Focusing on stability
Tools and Indicators
His technical toolkit includes:
- Bollinger Bands
- Moving Averages
- RSI
- Elliott Waves
- Chart patterns
He prefers simple systems combined with strong risk management.
Drawdown Management and Recovery
Handling Account Declines
When his account fell from $120K to $110K, he:
- Maintained lot size
- Increased discipline
- Avoided emotional trading
Recovery Mindset
During recovery, he focused on:
- Better trade selection
- Higher discipline
- Greater focus
Patience and emotional stability played a major role in rebuilding.
Experience with the Funding Program
Megaliano expresses strong appreciation for the funding program.
Key benefits include:
- Fast payouts (often within one hour)
- Account doubling after targets
- Transparent systems
- Motivating structure
He also suggests introducing larger accounts for elite traders.
Trading Philosophy and Lessons Learned
Core Philosophy
His approach is built on:
- Simple strategies
- Strong risk management
- Long-term learning
- Emotional discipline
He believes trading success develops over years, not months.
Psychological Development
Key traits he developed include:
- Calmness during losses
- Patience in recovery
- Acceptance of mistakes
- Commitment to learning
These qualities helped him survive major setbacks.
Trading Philosophy Summary
Aspect | Details |
Preferred Markets | Yen pairs (EUR/JPY, GBP/JPY, USD/JPY) |
Time Frames | 4H and Daily |
Tools & Indicators | Bollinger Bands, MA, RSI, Elliott Waves |
Risk Management | Fixed lot size, early loss cutting |
Psychology | Calmness, patience, learning mindset |
Program Feedback | Fast payouts, account doubling |
Core Advice | Stay calm, manage risk, gain experience |
Are you Looking For Free Prop Trading Challenge?
Check Here Our Free Prop Firm ChallengeAdvice for Traders
Megaliano recommends:
- Staying calm during drawdowns
- Cutting losses quickly
- Letting profits run
- Trading familiar markets
- Building experience
- Avoiding early quitting
- Developing emotional resilience
He believes perseverance separates winners from quitters.
Key Takeaways
- Trading is a continuous learning process
- Even successful traders face setbacks
- Psychological resilience is essential
- Switching markets without preparation is risky
- Discipline supports recovery
- Funded programs offer growth opportunities
- Emotional control ensures longevity
Conclusion
Megaliano’s journey shows both the potential and challenges of trading at scale. His rise from $15K to $480K and subsequent reset proves that success is rarely linear.
Through discipline, patience, and continuous learning, he rebuilt his career and strengthened his mindset. His story highlights that sustainable trading success depends on technical skill, emotional maturity, and long-term commitment.
For aspiring traders, his experience is a powerful reminder: setbacks are part of the journey, and perseverance is the key to lasting success.
Certification
Certification
Certification
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%
Related Success Stories
12 Years of Experience, Discipline & Progression with Audacity Capital
I had to do it the right way, and that meant focusing on consistency and controlling my emotions.
Brian’s Journey From Emotional Trading to Funded Success
Focus on one asset, master it, then diversify.
How Florida Turned 15 Years of Experience Into Scalable Results
Discipline and patience are the key to becoming a successful trader.