I Started Another The5ers Challenge!
Their program was too attractive for any trader!
TL;DR
- I decided to take on The High Stake trading challenge from The5ers.
- Concurrent trading both High Stake and Hyper-Growth Accounts to reach financial freedom sooner.
- Compare between High Stake or Hyper Growth accounts.
Disclaimer: I am not a financial advisor. The content for this article is purely for educational/research purposes only and is merely based on my personal opinions.
Please note: There will be affiliate links in this article. But it will only benefit both of us. If you do not wish to participate under my affiliate links, please feel free to Google them separately. Cheers!
Establishing a profitable trading strategy marks the initial phase of my trading journey. The subsequent step involves cultivating and safeguarding a funded account. My ultimate objective as a trader is to maximize the potential of my strategy by acquiring multiple funded accounts, thereby increasing profitability. Ultimately, I aim to transition away from my full-time job, achieving financial freedom through successful and strategic trading.
Before embarking on this new challenge, I successfully passed and am currently actively trading the Hyper Growth account. However, I believe there is further potential to explore and accomplish beyond my current achievements in this account. Consequently, I’ve chosen to participate in another trading challenge with the5ers. Here are a few reasons behind this decision:
Reason 1: More Profits With Both Accounts.
The more funded accounts, the better! While my trading strategy continues to perform as intended, one significant drawback has surfaced — the profits are accruing at a slower pace. This is primarily due to my disciplined approach of placing only one trade per day, and in the event of a loss, I refrain from revenge trading. Adhering to this strict trading system daily is essential for maximizing profits. Consequently, to expedite progress towards my financial goals, I am eager to acquire additional funded accounts and amplify my overall profitability.
Reason 2: Steady paycheck at the final stage.
The Hyper Growth account offers a unique opportunity, allowing traders to double their account size for every 10% profit earned, with the potential to earn up to a maximum of $4 million USD in funding. Despite these enticing prospects, I am presently engaged in actively trading a $10,000 account. Given my average monthly profit of 3%, achieving the full funding amount could be a prolonged process. Recognizing this, I am eager to explore additional avenues, such as participating in new trading challenges, to expedite the realization of my financial objectives.
The high-stake accounts present traders with a compelling opportunity to earn a monthly salary of up to USD 10,000 at the highest tier, in addition to receiving $500,000 in funding for trading. What makes this arrangement particularly advantageous is that even in months when trading results are less favourable, traders still receive a consistent monthly salary without significant impact. This provides a level of financial stability, mitigating the impact of periodic fluctuations in trading performance.
Comparison Between Both Accounts
Here are some comparisons if you are interested in taking up either challenge.
The High Stake Account
- Unlimited trading period
- Maximum Funding of $500k
- Monthly Salary (Max $10k per month)
- Profit target 10%, Maximum loss 10%
The Hyper Growth Account
- Unlimited trading period
- Maximum Funding of $4 million
- No Monthly Salary
- Profit target 10%, Maximum loss 6%
Gameplan
Having successfully navigated the Hyper Growth Challenge and now enrolled in the High Stake Challenge, my game plan is straightforward. I intend to stick to my proven trading strategy and actively manage both accounts concurrently. The objective is to scale the Hyper Growth account, reaching its maximum funding tier, while simultaneously aiming to successfully complete the High Stake Challenge, with the target of achieving this milestone by June. This dual approach allows for strategic growth and potentially increases my monthly income in the future.
EndNote
While my endeavours may seem ambitious — launching a signal service, embarking on a new trading challenge, and venturing into options trading — they are fueled by a genuine sense of urgency. I recognize that time is a precious commodity, and my earnest desire is to capitalize on every available opportunity. My goal is to transition from my current job to full-time trading, attaining financial freedom at the earliest possible juncture. This sense of urgency drives my multifaceted approach, as I strive to optimize every avenue for financial success.”
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