340. Trading Nut

Daniel Holmes: How to Pass Prop Challenges in 2 Days & Scale to Six Figures

Daniel Holmes

At 29 years old, Daniel Holmes was broke, jobless, and deeply depressed. After a quick Google search for ‘top earning jobs,’ he stumbled upon trading—and became completely obsessed. After years of blowing accounts, self-sabotaging, and overcomplicating his charts with indicators, he stripped everything back to clean price action. Today, he’s a six-figure funded trader who live streams his trades daily to thousands of viewers.

In this episode, Daniel drops a controversial bomb on how he manages prop challenges, explaining why he aggressively risks the entire account on the very first trade to pass in just two days. He also breaks down his cycle approach to managing multiple prop accounts without getting emotionally attached to a single one.

The 15-Minute Gold Breakout Strategy

Daniel also shares his core strategy for trading Gold. Watch the video below to see exactly how he uses a 15-minute breakout, waiting for a key retest and wick flip, before riding high-volume momentum for a consistent 1:1 risk-to-reward ratio.

Podcast Interview

Listen to the audio

Daniel Holmes

0:00—:—

Strategy Breakdown

Key Lessons

[01:50] At 29, depressed and broke, I literally typed 'top earning jobs in the world' into Google and found trading.
[07:13] Adding indicators like EMAs and Bollinger Bands threw away two years of my progress.
[09:34] Longevity in the game is key; if you show up with intent to do better than yesterday, you will improve.
[10:53] With prop trading, blowing accounts is just part of the cycle to get to the payouts.
[12:30] Experience is the only thing that actually forces you to stick to your trading rules.
[16:19] If what you anticipated to happen doesn't happen, you are wrong—start managing the trade immediately.
[18:11] Expect the worst on every trade. The market owes you nothing.
[25:53] Prop firm trading is a cycle of blowing accounts, getting funded, getting a payout, and repeating.
[28:28] On a 50K Topstep challenge, I will risk the entire account on the first trade to make 50% in one day.