2 years ago I went broke then made over $200,000 trading (how I uncooked myself)

Summary

The presenter recounts a volatile three-year trading journey marked by large gains, substantial losses, and repeated failures in funded trading accounts. He says he had $25,000 in savings, spent approximately $10,000–$12,000 on funded accounts, and put the rest into cryptocurrency, leaving himself broke. He later describes rebuilding through outside work and a more structured, selective approach to trading.

His central message is to focus on understanding and correcting trading mistakes rather than chasing a target income. He emphasizes patience, self-awareness, and reviewing performance over longer periods instead of letting a bad day or week dictate decisions. These are the presenter’s personal experiences and opinions; they have not been independently verified.

Trading Approach and Framework

• Review losses and track performance: Record trades, analyze why they lost, and identify recurring problems rather than dismissing losses as normal statistics.
• Trade to personal strengths: He says he was overtrading on the 1-minute timeframe and shifted toward higher-timeframe continuation setups.
• Be selective: He describes taking one or two larger, planned trades instead of many trades. He uses significant highs and lows—including hourly lows—and liquidity targets as references.
• Build gradually: He says he moved from one account to two, then to five funded accounts. After gaining confidence in his approach, he copied trades across accounts.
• Use structure: He tracks spending on funding firms and the status and performance of each account. He recommends reviewing problems weekly or monthly and assessing progress over multi-month periods.
• Maintain other income: He strongly recommends having a job or another source of income to cover bills and fund trading, rather than relying on trading results.
• Avoid rigid income deadlines: He advises focusing on consistent effort and improvement instead of expecting a specific monthly income by a set date.

Numbers and Instruments Mentioned

• $42,000: A reported gain on a single trade in a real account; he later also describes it as a gain in one day.
• $30,000: A reported loss on an options trade, which he says occurred about two months before recording.
• $25,000: The amount of savings he says he had when he started trading.
• $10,000–$12,000: The approximate amount he says he lost on funded accounts. He says the rest of his savings went into cryptocurrency.
• $9,000: An approximate payout after the profit split from five accounts during a July trading period, according to his account.
• $20,000–$28,000: A payout he says was possible from a current position in Lucid accounts. At one point, he describes it as a $28,000 payout. This is an expectation, not a confirmed payment.
• $5,000–$10,000: A suggested initial bank cushion or milestone for rebuilding momentum. He also cites first payouts of $10,000–$20,000 as important for reducing financial pressure.
• Accounts and firms: Lucid and Topstep are named, and he also refers to “XFA” accounts. He describes copying trades across multiple funded accounts.

Risks and Cautions

The speaker reports aggressive trading, large losses, and burning through funded accounts. His “fail fast” framing refers to learning from mistakes, but account failures and large positions can result in significant financial losses. He also mentions “betting heavily” on a setup.

Funded-account payouts and rules may vary. The payout amounts described in the subtitles are not verified.

Disclosure: No explicit “not financial advice” disclaimer appears in the subtitles.

Presenter/source: Jack Keblaitis, identified by the channel metadata.