In this episode of The Way of The CPT (Consistently Profitable Trader), we have Bernd Skorupinski (@berndskorupinski ). He is managing over $3M in prop-firm capital. He has over $175,000 in verified payouts from FTMO alone and dominated the leaderboard as #1 for 3 consecutive months. He is the owner of the Online Trading Campus. With over 10 years of experience, Bernd shares his 2-step approach to trading the markets, how he trades prop-firm challenges, his thoughts on scalping, and a lot more things that you should take notes on. Without further ado let’s talk to Bernd.
▼ ▽ TIMESTAMPS 00:00 – Trailer 00:21 – Bernd's Achievements 01:01 – Welcome 02:17 – Upbringing In Germany 03:24 – Why provide education? 05:15 – Purpose and Building a Legacy 08:25 – Moving to Dubai 15:08 – Starting to Trade 17:05 – How Bernd Learned Trading 19:33 – Best Trade 20:44 – Worst Trade 24:12 – Quitting Job and Family Support 33:47 – Approach To Challenges 40:48 – Bernd's Trading Strategy 47:13 – Why Indicators Fail 49:36 – One Time Frame One Market 59:53 – Strategy Never Lose Edge 01:04:04 – Scaling Your Trading Business 01:04:35 – Is Scalping Real Trading? 01:13:13 – Accountability 01:09:16 – Advice To Traders
▼ ▽ LINKS & RESOURCES
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RISK DISCLOSURE: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
