356: How To Get Funded $100k+ For Trading ft.The5ers Prop Firm (@the5erstrading)

How To Get Funded $100k+ For Trading ft.The5ers Prop Firm

In episode 356 of the Desire To Trade Podcast, I sit down with Saul Lokier full-time trader and general manager at The5ers prop firm. We discuss how traders can get funded by The5ers and scale up to $3.6M (currently the maximum capital you can get from this prop firm). You'll also learn from Saul's journey as a trader as well as the obstacles he had to overcome.

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Previous interview with The5%ers

Watch the video interview!

In This Episode, You'll Learn…

  • [0:15] Introduction
  • [0:47] Who is Saul and what he does in The5%ers
  • [1:20] Why did Saul join The5%ers in the 1st place?
  • [2:04] How isThe5%ers different from most other online “prop firms”
  • [3:36] When should you look to become a funded trader
  • [4:39] Saul's experience with other online prop “challenges”
  • [6:16] Why 30-day time limits are bad for traders
  • [7:36] Quick overview of The%5ers options for trader funding
  • [10:33] How The5%ers makes money
  • [11:07] Why the5%ers need profitable traders
  • [11:34] How the new Freestyle program helps profitable traders
  • [13:24] What is the maximum drawdown for funded traders
  • [14:06] Why you don't need more than [1:30] leverage
  • [15:19] How to choose the correct prop firm for you
  • [17:16] Top tips to pass a prop firm evaluation and get funded
  • [19:47] Why your trading strategy doesn't matter
  • [20:27] Top habits from funded traders
  • [21:55] How many funded traders are then in The5%ers
  • [23:46] How prop firm traders inspire growth
  • [24:32] How fast can you scale your funding with the5%ers
  • [26:35] How can trading millions affect trader psychology
  • [28:00] The importance of having a team for funded traders
  • [2:57] Areas of improvement for The5%ers
  • [30:44] Where to find Saul and The5%ers
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

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What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

 

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356: How To Get Funded $100k+ For Trading ft.The5ers Prop Firm (@the5erstrading)