How to Scale Quickly with Prop Farming

Introduction

Scaling up your trading by taking multiple challenges is an effective way to increase your monthly profits. This article outlines a strategic approach to running multiple challenges with different prop firms and how to manage them based on your financial goals and budget.

The Key to Scaling Up: Take Multiple Challenges

The best way to scale up quickly is to run multiple challenges across various prop firms. Rather than limiting yourself to a specific number of challenges per week, focus on how many you have running at the same time.

Recommended Prop Firms

We recommend starting with four different prop firms. On each of these firms, you can run multiple challenges simultaneously, as long as you're using different trading pairs for each challenge.

If you've maxed out your challenges with these firms, there are additional firms we recommend that offer similar opportunities.

How to Approach Scaling: Focus on Active Challenges

Instead of thinking about how many challenges you start weekly, shift your mindset to how many challenges you're running at any given time. This allows for continuous growth and efficient scaling.

Example Scenarios:

• $2,000 monthly profit goal: You could run two $100,000 challenges at the same time.
• $5,000 monthly profit goal: You would need to run six challenges concurrently.

Your approach should be based on:

• Your budget.
• The amount of capital available for hedging.
• The amount of profit you want to generate monthly.
  
  

Budgeting for Challenges

Select the number of challenges based on your financial capacity. For example:

• If you want to run six challenges at a time, you could use six different prop firms or multiple challenges within the same firm, as long as you use different pairs.
• As soon as one challenge fails, immediately start the next one. Over time, as you become successful in meeting your monthly goals, you can continue scaling up by reinvesting your profits.
  
  

Strategy for Scaling Over Time

• Start Small: Begin with two challenges and gradually add more.
• Add Challenges Incrementally: If your budget allows, you can add one challenge per week until you reach your desired goal of six challenges.

Once you’ve achieved your goal (e.g., $5,000 a month), you can continue scaling up by adding more challenges—perhaps up to ten—depending on your budget and available funds.

Conclusion

Scaling up your trading quickly is possible by strategically running multiple challenges across various prop firms. Start with a manageable number of challenges, gradually increase the number, and reinvest your profits to continue scaling. The process comes down to your budget, execution, and willingness to continually reinvest for future growth.