294. “This 1 Candle Made Me $200K Trading Gold…”


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Feb 04 2025 39 mins   41
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In this episode, I interview Hamza G, a successful prop trader, about his journey and strategies in trading gold and other markets. Hamza shares how he and his brother became consistently profitable by focusing on a specific candle type and rigorous backtesting. He emphasizes the importance of aiming for consistency, managing risk, and psychological resilience.

Hamza also discusses common trading mistakes, the significance of simplicity, and strategies for passing prop firm challenges.

Chapters:

00:00 Introduction

02:10 Backtesting Strategies

07:35 Market Trends and Strategy Effectiveness

11:09 Timeframe Experience and Trading Approach

14:30 Flipping Accounts and Prop Firm Challenges

16:31 Misconceptions About Prop Firms

20:36 Accountability in Trading

22:22 Tactics for Passing Trading Challenges

24:10 Overcoming Counter-Trend Trading Mistakes

27:58 Advice for New Traders

37:52 Final Thoughts

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