Ramon's Trading Journey
Ramonās Trading Journey: From Learning to 10% Profit : Audacity Capital
Trader Snapshot
Trader Name | Ramon |
Prop Firm | Audacity Capital |
Account Size | $15,000 (Initial) / $30,000 (Target) |
Profit Target | 10% |
Primary Strategy | Trend FollowingĀ onĀ Higher Timeframes |
Confirmation Strategy | SMCĀ onĀ Lower Timeframes |
Favorite Pairs | GBP/USD,Ā EUR/USD,Ā JPYĀ pairs |
Timeframes | Higher (Direction), Lower (Entry) |
Trading Style | Focus onĀ simplicityĀ andĀ clean charts |
Ramon's Trading Journey
Summary
Ramon recently achieved his first 10% profit target on his $15,000 funded trading account, advancing towards a $30,000 account level. His journey into trading spans over a decade, with key milestones and insights discussed throughout the interview.
Timeline and Key Events
Timeframe | Event/Development |
|---|---|
2008ā2009 | Initial exposure to trading through a cousin; introduction to stock markets and fundamental analysis |
2010 onwards | Continued learning and gradual involvement in trading, mostly fundamental analysis-focused |
Last 6ā12 months | Shifted focus to consistent profitability, incorporating technical analysis and structured trading |
Current | Trading primarily on funded accounts, achieving consistent profits and hitting the 10% profit target |
Background and Trading Journey
- Ramon was introduced to trading by his cousin, who showed him basic fundamental concepts and stock trading.
- Initially, Ramon focused on fundamental analysis and news but lacked knowledge of technical analysis, which delayed his progress.
- His trading journey was intermittent due to moving between places, and only recently did he concentrate fully on trading.
- He emphasizesĀ patience, persistence, and continuous learningĀ as crucial factors in his development.
- Despite starting over 10 years ago, Ramon only achieved consistent profitability within about the last six months to one year.
Trading Strategy and Approach
- Primary strategy centers around high time frame price action and structure analysis, supported by confirmations on lower time frames.
- Ramon deliberately minimizes the use of indicators to keep his chartsĀ as simple and clear as possible, focusing on price movement rather than overcomplicating setups.
- He employs theĀ SMD confirmation techniqueĀ to validate trade entries.
- Emphasizes simplicity and clarity, rejecting the notion that trading must be complex.
- Trades mainly three currency pairs, concentrating on:
- USD/JPY
- EUR/USD
- JPY-related pairs
- He believes in focusing on aĀ limited number of assets (max three)Ā to avoid confusion and enhance focus on market behavior and structure.
Market Focus and Asset Selection
Asset Class | Reason for Focus |
|---|---|
USD/JPY | Exhibits strong, clear market moves |
EUR/USD | High liquidity and predictable patterns |
JPY pairs | Ability to follow session-specific moves (morning/afternoon) |
- Ramon advocates studying and mastering a few pairs rather than spreading attention too thinly across many.
Experience with Funded Trader Program
- This is RamonāsĀ first experience with a proprietary trading firm; he chose the Funded Trader program after seeing its reputation on social media.
- Appreciates that there isĀ no demo or challenge phase, allowing him to trade live capital immediately.
- Values the opportunity to access larger capital, which is typically a barrier for retail traders.
- Finds the funding program supportive and beneficial for growth and progression.
Are You Looking For A Instant Trading Program?
Funded Trader ProgramKey Advice for Traders
- Focus on executing your trading plan rather than chasing money.
- Maintain aĀ trading journalĀ and analyze the market objectively before taking trades.
- Avoid forcing trades or rushing to make profits; patience is critical.
- Treat trading as a process of consistent plan execution rather than a financial sprint.
- PrioritizeĀ discipline and plan adherenceĀ over position size or immediate monetary gain.
Key Insights and Conclusions
- Ramonās story highlights thatĀ consistent profitability can take many years and requires patience, discipline, and a willingness to learn from mistakes.
- Simplification of trading approach and focusing on a few assets can improve clarity and execution.
- Access to funded capital via prop firms offers retail traders a valuable path to scale their trading without risking personal capital.
- The psychological aspect of tradingāremoving the focus on money and emphasizing plan executionāis vital for long-term success.
- Ramonās experience demonstrates thatĀ steady progress and persistence ultimately lead to achieving meaningful profit targets.
Looking For A Free Prop Firm Challenge?
Free Prop Firm ChallengeCertification
Choose The Best Plan
Designed to reduce stress by removing deadlines š 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 ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās 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%) ā $9,000 ā 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%) ā $18,000 ā 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 š 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 ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās 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%) ā $9,000 ā 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%) ā $18,000 ā 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 š 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 ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās 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%) ā $9,000 ā 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%) ā $18,000 ā 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 š 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 ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās 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%) ā $9,000 ā 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%) ā $18,000 ā 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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