In this episode of The Words of Rizdom Podcast we are joined by Dan Cheung (AKA Dan WChamp) a Pro Trader & Veteran in Prop Firms. Dan has achieved millions in prop firm funding as well as trading over 6 figures in personal capital. He shares his secrets on how to get out of drawdown, get max funded and shares insights on how to pass prop firm challenges as a whole.

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Dan's Instagram: https://www.instagram.com/wannabechamp

Dan's Youtube: https://youtube.com/@DanCheung

Dan's Twitter: https://x.com/wannabechamp

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Riz’s Twitter: https://twitter.com/wordsof_rizdom

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I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽

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Where to find me:

https://linktr.ee/wordsofrizdom

Twitter: @Wordsof_Rizdom - https://twitter.com/wordsof_rizdom

Instagram: @wordsofrizdom - https://instagram.com/wordsofrizdom

Email: [email protected]

Website: www.thevipergroup.com

Timestamps:

0:00 - Introduction

2:13 - Going all in on Prop Firm Challenges

5:28 - Going on tilt and how to avoid it

7:49 - Being addicted to the charts

9:56 - Trading is easy?

11:44 - Achieving 7 figures in funding

21:05 - Summer or winter best time to trade?

23:24 - Building multiple income streams

25:54 - Importance of a stable income

27:28 - How to Handle multiple projects at once

39:06 - Compounding personal capital

46:49 - Personal vs Prop

49:37 - Optimum Trading Conditions

53:10 - How to get out of drawdown

56:11 - Prop trading - Slow & Steady?

59:45 - Outro

DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only

#trading #daytrading #forextrading #propfirms #ftmo