Prakash's Trading Journey

Overview

This article summarizes an in-depth interview with Prakash, a part-time funded trader who recently achieved his target in the 7.5K Funded Trader Program. The discussion explores his trading journey, experiences with proprietary trading firms, evolving strategies, psychological development, and commitment to continuous learning.

Prakash’s story highlights how adaptability, disciplined risk management, and a strong growth mindset support long-term success in funded trading environments.

Background and Trading Journey

Trading Background

Prakash has been trading for approximately four to five years while maintaining other professional commitments. He believes in maintaining multiple income streams and does not rely solely on trading for financial stability.

His early journey included trading with both personal funds and funded accounts, initially through Audacity Capital’s older program structure.

Experience with Funded Trader Programs

Prakash transitioned from the original funded trader model to the newer version.

Key differences include:

• Older program: More structured rules and guidance
• New program: Greater freedom but higher skill requirements

The newer model emphasizes reaching profit targets before payouts, which directly influences risk management and planning.

Trading Style and Market Approach

Prakash considers himself an opportunistic trader and does not limit himself to a single trading style.

Key characteristics include:

• Trade duration ranges from minutes to several weeks
• Decisions are setup-driven rather than style-driven
• Exits trades when market behavior conflicts with his mindset
• Prioritizes comfort and confidence in positions

Strategy Development and Tools

Analytical Framework

Prakash bases his analysis on:

• Price action
• Market structure
• Demand and supply zones
• Key support and resistance levels

Technical Tools

Indicators are used for confirmation, not as primary signals:

• Moving Averages
• Bollinger Bands

He avoids dependency on indicators and focuses mainly on market behavior.

Adaptive Strategy Model

Rather than following a rigid system, Prakash:

• Continuously refines setups
• Adjusts based on market behavior
• Learns from past performance

He focuses on long-term expectancy instead of short-term win rates.

Trading Psychology and Continuous Learning

Psychological Development

Prakash views trading as a long-term learning process.

Key principles include:

• Accepting mistakes
• Practicing self-reflection
• Managing emotions
• Maintaining discipline during drawdowns

He emphasizes strong trade management, especially for longer-term positions.

Learning Mindset

Prakash believes strategies naturally degrade over time and must evolve. He regularly reviews and adapts his approach.

He values:

• Self-analysis
• Open-minded learning
• Exposure to diverse viewpoints

Growth-Oriented Attitude

Prakash remains driven to improve and is rarely fully satisfied with his performance. He believes humility is essential for growth.

While he appreciates learning platforms like YouTube, he warns against information overload.

Market Perspective

Both interview participants agree that multiple market perspectives can be valid.

Two traders may take opposing positions and still succeed or fail depending on execution.

Prakash believes success depends more on trade management after entry than on predicting direction.

Timeline of Key Discussion Points

Core Concepts and Definitions

Key Insights

• Flexibility is powerful when combined with discipline
• Continuous learning supports long-term success
• Psychology is as important as technical skill
• Funded program rules shape trading behavior
• Information must be filtered carefully
• Trade management determines long-term outcomes

Conclusion

Prakash’s trading journey reflects the evolving nature of professional trading. His success in funded programs is built on adaptability, disciplined risk management, and continuous self-improvement.

By focusing on expectancy, emotional control, and strategic flexibility, Prakash demonstrates that sustainable trading success is achieved through patience and learning rather than rigid systems or short-term gains.

His experience reinforces that trading is highly individual, and long-term profitability depends on finding one’s unique approach while maintaining discipline and humility.