Rudy’s Trading Journey:

• Start in Trading: Rudy’s trading journey began about three and a half years ago. An Instagram message about an online money-making academy piqued his interest in Forex trading. However, he quickly discovered that the high fees and subpar quality of instruction were not conducive to his learning.

• Overcoming Challenges: Initially, Rudy lacked substantial savings to invest in trading. Discovering prop firms was a turning point, allowing him to use more capital and become profitable. His early years were filled with experimentation and strategy-hopping, but after two and a half years, he started seeing returns.

• The Importance of Strategy and Risk Management: Rudy emphasizes the need for a personalized trading strategy and proper risk management. He advocates for sticking to strategies that suit individual traders and managing emotions effectively.

Tips and Insights for Aspiring Traders:

• Start Small: Rudy recommends starting with smaller accounts and using the earnings from these accounts to fund larger ones. He believes in earning the right to trade larger accounts by proving consistency at lower levels.

• Prop Firms as a Learning Curve: Prop firms introduce traders to important rules and limitations, such as daily drawdown limits, which enforce discipline in risk management.

• Learning from Failure: Rudy faced multiple failures, failing 15 to 20 challenges before becoming profitable. He views his sports background as instrumental in his persistence and resilience.

• Balancing Multiple Accounts: He advises managing multiple accounts separately to diversify risks and increase the chances of earning payouts.

Rudy’s Trading Strategy:

• Advanced Smart Money Concept: Rudy’s strategy is based on the advanced smart money concept. He waits for specific criteria to be met in 15-minute order blocks and then looks for price action patterns on a one-minute scale that indicate liquidity buildup and potential entry points.

• Risk Management: Rudy adopts a conservative approach, especially in funded accounts, risking only a quarter of a percent per position. This approach allows for sustained trading even in the face of multiple losses.

Advice for New Traders:

• Finding a Mentor: Rudy stresses the importance of finding a reputable mentor instead of falling for the allure of ‘fake gurus’ on social media. A good mentor can provide personalized guidance and answer specific questions.

• Realistic Expectations: Setting realistic goals and understanding the limitations of one’s trading strategy is crucial. Rudy advises against chasing unrealistic profits promoted on social media.