Any advice to help with risk management and trading using "the STRAT"?
For the past three months (with the first month being paper trading), I've been grinding toward earning my first payout from a prop firm. During that time, I passed three evaluations, but as of June, I've blown all three funded accounts on separate occasions.
Some of the biggest lessons I've learned so far are the importance of walking away from losing trades, the challenges of trading during 2D (bearish) days, understanding FTC (Full Time Continuity), and using multi-timeframe analysis more effectively during bearish conditions.
Most of my success has come on bullish days, but I want to become more versatile and profitable when the market turns bearish. Right now, it feels like a domino effect—once I start struggling on bearish days, it impacts my overall performance. In theory, the strategy should work in both directions.
For those of you who trade the STRAT, what advice would you give someone who's still early in their journey? Also, what are some effective risk management practices that helped you become consistently profitable?
Appreciate any insights y'all can share.