Ever wondered why you can’t replicate the performance from a trading challenge in a funded account?
You are not alone and there may be a not so conspiratorial reason for this madness.
Why Milestones Help Traders with ADHD
Milestones are a powerful tool for any trader, but they hold particular significance for those with ADHD. Due to the nature of ADHD, individuals often struggle with maintaining focus on long-term goals and staying motivated through repetitive or mundane tasks. Milestones act as tangible markers of progress, breaking down the complex journey of trading success into smaller, achievable steps. Here’s how milestones can specifically benefit traders with ADHD:
1. Breaking Down Overwhelm
ADHD traders often feel overwhelmed when faced with large, undefined goals. The complexity of “becoming a successful trader” can feel daunting and paralyzing. Milestones simplify this by providing clear, manageable objectives. For example, instead of focusing solely on making $50,000 in trading profits, milestones like achieving a $1,000 profit or completing 30 consecutive disciplined trades provide a sense of clarity and focus.
2. Providing Instant Gratification Within a Long-Term Journey
A common trait in ADHD is the need for instant gratification, which can clash with the patience required in trading. Milestones offer a compromise by giving traders frequent opportunities to celebrate achievements along the way. Reaching milestones such as hitting a specific win rate, reducing impulsive trades, or adhering to a risk management plan satisfies the ADHD brain’s desire for rewards while reinforcing good habits.
3. Creating a Sense of Progress
ADHD traders often lose motivation when they feel stagnant, even if they’re on the right path. Milestones provide a visual representation of progress, which can reignite their drive. Each milestone serves as a checkpoint, reminding the trader of how far they’ve come and providing motivation to keep going.
4. Improving Focus Through Short-Term Goals
ADHD individuals often excel when working toward short-term goals, as these align better with their natural attention span. Milestones act as short-term goals that allow ADHD traders to concentrate their energy on specific tasks or outcomes, such as mastering a single trading strategy or journaling all trades for a week. This focus reduces distractions and enhances productivity.
5. Reinforcing Positive Behaviors
Milestones can be designed to reinforce behaviors that are particularly challenging for ADHD traders, such as sticking to a plan, avoiding over-trading, or documenting trades thoroughly. When these behaviors are rewarded through milestone achievements, they become ingrained habits, reducing the impact of ADHD tendencies on trading performance.
6. Building Confidence
ADHD traders often experience self-doubt due to past struggles with focus or impulsivity. Achieving milestones builds confidence by providing proof of progress and capability. This confidence fuels further motivation and encourages traders to tackle more significant challenges with resilience and determination.
Examples of ADHD-Friendly Milestones
- Journaling every trade for 30 days.
- Maintaining a consistent daily routine for a week.
- Achieving a specific profit goal without exceeding a set drawdown.
- Following a trading plan without deviation for 10 consecutive trades.
- Reducing impulsive trades by 50% over a month.
- Join a futures prop trading program like the instant funding Milestone Plan at My Funded Futures that promotes all of the above
Conclusion
Milestones act as a compass for ADHD traders, guiding them through the complex and often unpredictable world of trading. By breaking down larger goals into smaller, actionable steps, milestones provide clarity, motivation, and a sense of accomplishment. When combined with the guidance of a trading mentor or coach such as the CEED.mastermind, milestones become even more impactful, empowering ADHD traders to harness their unique strengths and achieve long-term success in the markets.
PROS
- – Early Payouts: Start earning as early as once you pass your first phase.
- – Path to Live: Once you pass phase 4, you will be moved to a live account.
- – Consistency Focus: 20% consistency rule encourages steady, disciplined trading.
- – Clear Profit Targets: Well-defined goals for each account size.
- – No scaling: You will start with the maximum number of contracts for each account size.
- – Live account with static drawdown after completing Phase 4
- – The milestone concept provides needed structure for traders with ADHD
CONS
- – Profitable traders move to LIVE funded account after Phase 4 is completed, so not BaFin-compatible for Germany-based traders after that
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My Funded FuturesMilestone Plan |
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Pricing |
$
445
starts at for 50K Plan
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Trading platforms | Tradovate/TradingView | Volumetrica/VolSys/VolBook | NinjaTrader |
Account sizes | 50 | 100 | 150K |
Profit target per phase | $3000 | 6000 | 9000 |
Max loss EOD | $2000 | 3000 | 4500 |
LIVE static drawdown | $4000 | 6000 | 8000 |
Max contracts E-Mini | 3 | 6 | 9 |
Consitency rule | 20% |
Milestone Payout per Phase | $2000 | 2500 | 3000 |
Minimum withdrawal in Live Funded | $200 |
GET INSTANT FUNDING NOW
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My Funded Futures Milestone Plan FAQ's
Phase 1: Focus on reaching your profit target while maintaining consistency.
First Payout: Achieve your first milestone and claim your Milestone #1 Payout.
Phase 2-4: Continue reaching your profit targets, while maintaining the 20% consistency to get your Milestone Payouts.
After Phase 4: Transition to a live funded account with a substantial starting balance and a static drawdown.
Milestone Payout per Phase: | 25K plan: $750/$1,000/$1,250/$1,250 | | 50K plan: $2,000 | | 100K plan: $2,500 | | 150K plan: $3,000 |
The 20% consistency rule requires that your highest profit day should not exceed 20% of your total profit. If your profit target is $3,000 and you make $3,000 total profit in 5 days during one of your phases, your highest profit day should not exceed $600. See examples below on how to meet consistency:
$25,000 Plan – To meet 20% consistency, do not exceed $300 in one trading day.
$50,000 Plan – To meet 20% consistency, do not exceed $600 in one trading day.
$100,00 Plan – To meet 20% consistency, do not exceed $1,200 in one trading day.
$150,00 Plan – To meet 20% consistency, do not exceed $1,800 in one trading day.
If you exceed these amounts, you’ll need to continue trading to meet the consistency.
There is no daily loss limit on the Milestone Plan.
Not in the Milestone plan, but you can have up to 3 Sim Funded Accounts in the My Funded Futures Starter Plan.
DISCLAIMER
CEED.trading does not assume any liability for the accuracy or correctness of the information presented here as it may not be up-to-date or inaccurate at the time of writing.
Please always double-check and base your purchasing decisions solely based on the information on the website of the respective service provider!
Source of information:My Funded Futures Helpcenter