JJ Simon turned $5,000 into $1.8 million trading proprietary firm evaluations using a mechanical price-action strategy with no indicators. He uses a 1:4 risk-to-reward ratio that only needs a 20% win rate to profit, operates up to 45 funded accounts simultaneously, and stops trading after three consecutive losses when his edge disappears.
I started with about $5,000. First month I made $17,000. Second month another $20,000, and then $40,000, and then $60,000, and then $80,000, and then $100,000.
So these are, you know, the 2 setups that you've used to achieve over $1.5 million in payouts. No indicators, pure price action, and in essence really simple.
I studied quantitative finance in college, basically just applying it to the charts in a mechanical way. If you can follow a bias on drop burns, you're gonna make a ton of money.
He is the world's number one youngest quant trader with over $1.8 million in total payouts so far. Introducing JJ Simon.
There is There's going to exist a statistically optimal risk and take profit for every single trade you take. First, the drawdown that you have available, the rules of the account. Lastly, your win rate. If I'm taking like a 1:4 risk to reward, then my bias only needs to be right about 20% of the time. Pair that with optimal risk and can be incredibly profitable. Low risk, low reward is not gonna get you anywhere. You have to utilize the prop firm capital that they're giving you. So in my opinion, high risk, high reward is the way to go.
But in this episode, JJ shares his exact strategies which led him to such insane payout numbers. He goes through the exact rules dependent on the prop firm rules.
I buy an eval, I have a 91% chance of getting nothing. 9 times out of 10, you lose $100. Basically optimize for your take profit first. The stop loss, on the other hand, is going to be essentially random.
Do you ever find though with that methodology that price could take you out and still the whole bias and everything still be intact?
100%. But thankfully I have 45 accounts and I'm ready to enter again. I'll start with one, I'll get the payout, reinvest that payout. Now I'm gonna run 5 funded accounts and go for max payouts.
He goes through how he manages multiple prop firm accounts and he shows his complete This is the episode you've been waiting for to see a true quant trader trading prop firms and exactly the system behind it.
If I'm trying to trade reversion and I lose 3 in a row, then I'm done. It's just a market that's most likely not going to revert according to my statistics. The sessions are 90 minutes long that I trade.
Okay, so you just focus on that 90 minutes?
Yeah, first 90 minutes of every single session. New York, Asia, New York PM. Oh, okay, so every, every session. Okay. A very easy way for literally anyone watching to automatically check if they're going to make money on prop firms before they buy a single account. Is to—
