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Ever heard someone say, “I trade with someone else’s money”? That’s proprietary (prop) trading in a nutshell. In the crypto world, it means using a firm’s capital, not your own, to trade digital assets like Bitcoin, Ethereum, or altcoins. The deal is simple: you bring the skill, they bring the funds.
But why is this model gaining traction in crypto? Because the crypto market is 24/7, insanely volatile, and full of opportunity. Traditional markets close. Crypto doesn’t. And for a prop firm, that means more chances to profit through your skills. For you? It means more ways to build wealth – if you’re prepared.
In this blog, we will not only dive into the depth of building your first crypto prop trading plan but also discuss the essentials you would need in your crypto trading journey.
Imagine combining high liquidity, fast-moving markets, and simulated funded accounts with zero personal risk. Sounds like a dream, right?
Here’s the formula:
Your skills + firm’s capital = shared profits.
But it’s not just about profits. It’s about learning discipline, managing emotions, and building something serious in a chaotic market.
Ask yourself this:
If you answered “yes” even once, you’ve got potential. Prop crypto trading isn’t about degrees or experience. It’s about skill, control, and consistency.
Spot = You trade on the current price fluctuations
Futures = You speculate on future prices.
Feature | Traditional Trading | Prop Tradin |
Capital | Your own | Firm’s capital |
Risk | Yours | Shared or limited |
Profit | 100% yours | Split with firm |
Stress | All on you | Shared pressure |
With a good plan, prop trading removes your biggest bottleneck: capital.
Crypto is volatile. Without a crypto trading plan, you’re not trading – you’re gambling.
A trading plan is your GPS in the chaos. It tells you:
It removes the guesswork. And in prop trading, it’s often the difference between getting paid and getting booted.
A crypto trading plan is not just a fancy spreadsheet with a few targets scribbled in. It’s a comprehensive, written roadmap that guides your every trading decision. It defines:
Think of it like a flight manual for pilots. Without it, you’re improvising in a field where improvisation often leads to disaster.
A crypto trading plan isn’t rigid – it evolves. But it must be structured. It must reflect who you are as a trader, not who someone else is on YouTube.
Here’s a question: Would you build a skyscraper without blueprints?
Then why trade without a crypto trading plan?
Most traders fail because they:
Your crypto trading plan keeps you grounded when your emotions try to take over. It’s your anchor in volatile seas.
You might have the best tools, indicators, and capital. But if your mindset is reactive, you’ll lose.
Ask yourself:
Your mindset is either your greatest asset or your biggest liability.
Crypto markets will test you. Every hour. Every candle.
People chase the “best way to trade crypto,” but ignore the one thing every successful trader masters – discipline.
Discipline is:
Without discipline, your trading strategy for crypto is irrelevant.
Your plan may tell you what to do. But discipline ensures you do it.
Most traders start with one goal: “I want to make $10,000 a month.”
But that’s a financial goal, and without a performance framework, it’s meaningless.
Instead, break it down:
Performance goals like “Maintain a 2:1 RR with 55% win rate” help you back into financial targets. They’re measurable, trackable, and realistic.
Short-term objectives:
Long-term objectives:
The mix matters. You can’t climb Everest without the base camps.
Crypto markets can 10x your portfolio – or wipe it out in hours. Expecting to win every trade? Delusional. Expecting a consistent monthly ROI like a salary? Dangerous.
Instead:
The best way to crypto trade is with tempered ambition, not blind optimism.
Not all prop firms are built equal. Ask yourself:
The firm you choose should align with your strategy, not force you to change it.
Fast payouts mean liquidity.
Reasonable leverage (up to 5x) means flexibility.
Live support means you’re not left hanging when your trade is stuck.
A good firm supports your journey; a bad one adds friction.
Feature | Firm A | Firm B | Firm C |
Payout Speed | 1 hour | 2 days | 1 week |
Crypto Support | Yes | No | Yes |
Leverage | 5x | No | No |
Weekend Holding | Yes | No | Yes |
Entry Fee | $49 | $50 | $62 |
Make your own comparison table. Don’t fall for hype – use your checklist.
Each has pros and cons:
Ask: What suits your temperament, availability, and capital?
Don’t force yourself to scalp just because Twitter loves it.
Start with:
Then define:
The best trading strategy for crypto isn’t the flashiest – it’s the one you can follow religiously.
MACD, RSI, Bollinger Bands, Ichimoku – tools, not magic spells.
Pick 1-2 core indicators. Combine them with:
Example:
“I enter long trades when RSI crosses 30, price forms a double bottom near support, and volume increases.”
Clean. Simple. Effective.
Bots are tempting. They promise:
But ask:
Start manual. Build understanding. Then automate.
So, what’s X? For most traders, it’s 1-2% of their account per trade.
Why? Because:
Ask yourself:
If I lose this trade, can I trade again tomorrow with the same mental clarity?
If the answer is no, your position size is too large. Risk management is not optional.. It is one of the most imporant things to take care of in building your first crypto trading plan.
Let’s say you’re having a simulated funded with $25,000 in a prop account.
You decide to risk 1% per trade = $250 risk.
If you’re trading BTC/USDT and your stop loss is $500 wide:
That’s it. Now you have your sizing.
No guessing. No YOLOing. No “let’s just add a little more.”
Position sizing keeps you consistent, especially when your emotions try to override logic. This is very important aspect of a crypto trading plan.
A stop-loss is not just a number; it’s a decision boundary.
Your take-profit is not a dream target; it’s your reward for following the system.
Ask:
Set them before the trade. Don’t move them in panic. That’s not trading – it’s gambling – its not a crypto trading plan.
Every solid crypto trading plan includes:
Your plan is your mirror. It must reflect your strengths, weaknesses, and approach. Don’t copy-paste someone else’s PDF. Make your own crypto trading plan.
Ask yourself:
Example entry plan:
“Enter long if BTC breaks above 50 EMA on 15m chart, RSI > 50, and volume spikes 30% above average.”
Exit plan:
“Take profit at 2R, or if price closes below 20 EMA on 5m chart.”
Defined logic = less hesitation = better execution.
A journal is not just a record – it’s your data goldmine.
Log:
Review weekly:
Your trading journal is your mirror and microscope.
A routine eliminates randomness. Try this:
Daily routine:
Weekly routine:
No routine = reactive trading.
Routine = intentional, focused, accountable trading.
In a prop firm:
This means:
In exchange, you get capital, leverage, and structure. It’s like being a professional athlete – you follow the playbook to stay on the team.
Crypto is 24/7. But you are not.
Trying to catch every move? You’ll burn out.
Define:
Top crypto trading windows:
Discipline with time = energy preserved = better focus.
Crypto reacts violently to:
Best approach?
Don’t be a hero. Be a survivor.
Almost every prop firm requires you to pass a challenge.
Key metrics:
How to pass:
The goal isn’t just to pass. It’s to prove you can manage capital with care.
You wouldn’t build a house with your bare hands. So why try trading without the right tools?
Here’s what your crypto trading toolkit should include:
Your setup needs to be:
One glitch during a volatile BTC move can destroy your day.
Crypto moves on data, but not all data is equal.
Essential news feeds:
Set alerts for:
Staying informed isn’t optional – it’s strategic.
Visual clarity = better decisions.
Your chart should show:
Charting tools is king here. Use:
And remember:
“The cleaner your chart, the clearer your mind.”
Would you fly a plane that hasn’t been tested? No?
Then why trade a strategy you’ve never backtested?
Backtesting = Running your strategy on past market data to test viability.
Benefits:
Confidence comes from evidence, not hope.
Manual or coded – backtest at least 100 trades before deploying.
Track:
Avoid this trap: “80% win rate, I’m rich!”
Ask deeper questions:
Also analyze:
You’re not just validating your strategy. You’re understanding its personality.
Strange question? Think again.
Winning streaks often lead to:
Solution? Lock partial profits. Stick to your risk % even when things feel “easy.”
After 3 green trades in a row, pause. Reassess. Are you still following your plan, or just feeling invincible?
“The markets don’t care how good your last trade was.”
Losses suck. But they’re inevitable.
When you hit a losing streak:
Your edge didn’t vanish – it’s just on vacation.
Crypto is noisy. Everyone’s shouting “BUY NOW” or “SELL EVERYTHING.”
You need to build a quiet center within your mind.
Practice:
Discipline isn’t just about not trading impulsively. It’s about staying neutral, no matter what the chart throws at you.
When it’s working. When the data supports it. When emotions say “break it.”
Remember:
A good plan followed well beats a perfect plan ignored.
Don’t ditch your plan after one bad day. Trends take time. Stick to it if your edge is intact.
Sometimes, your plan stops working.
Ask:
Adapt, don’t panic.
Tweak small things:
A plan should be a living document, not a tombstone.
5x leverage looks good.
10x sounds like magic.
More than 10xx is a recipe for regret.
Use leverage as a tool, not a shortcut.
Prop firms often limit your leverage, and for good reason. Manage it wisely. One oversized trade can wipe out your entire prop account.
Crypto is news-sensitive. A random tweet can shift billions.
First-timers often:
Always check the macro calendar. It’s your market map.
Lost a trade? Good. It happens.
Now don’t:
Revenge trading is ego, not logic. And ego kills accounts.
Track more than P&L.
Measure:
Patterns create clarity. And clarity is power.
Specific to prop trading:
Your goal is not just profit, but longevity.
Every quarter:
Set a calendar reminder. Growth requires reflection.
Ask:
Don’t jump from your job too early. Build slow, smart, and strategically.
Scaling is not just increasing size. It’s about:
Test scale gradually:
Slow scaling is sustainable scaling.
Why build a personal brand?
Document your journey:
Your crypto trading plan is private. But your trading persona can be public.
Building your first crypto trading plan is not about finding a “holy grail.” It’s about structure, discipline, and self-awareness.
The best way to trade crypto, especially with a prop firm, is to treat it like a profession, not a hustle.
Start small. Stay consistent. Review constantly.
And when in doubt, ask:
Would a pro trader do this right now?
A crypto trading plan is a structured blueprint outlining your trading goals, strategies, risk management rules, and routine. It helps you stay disciplined, minimize emotional decisions, and improve consistency in volatile crypto markets.
Absolutely, beginners can and should build a crypto trading plan. It’s a learning tool that helps you understand your behavior, track your trades, and gradually develop the discipline and consistency needed for long-term success.
core components include your trading style, entry/exit strategy, risk management rules, trading routine, emotional protocols, and journaling process. It should also account for market volatility, position sizing, and backtesting.
Look for prop firms that offer fast payouts, fair rules, crypto-specific trading options, leverage flexibility, educational support, and a clean, transparent funding structure. Avoid firms with unclear policies or excessive restrictions.
Follow the firm’s rules religiously, stick to your predefined strategy, manage risk precisely, and avoid overtrading. Consistency, not speed, is key to passing challenges and maintaining your simulated funded account.
Most pros recommend risking 1 -2% of your capital per trade. This prevents large losses, supports emotional clarity, and allows room for recovery even during losing streaks.
Use pre-trade rituals, affirmations, journaling, and routine reviews to stay emotionally balanced. Emotional discipline is just as important as technical skill, especially in fast-moving, high-stakes environments like crypto prop trading.
Disclaimer: All information provided on this site is for educational purposes only, related to trading in financial markets. It is not intended as financial advice, business or investment recommendation, or as an opportunity or recommendation to trade any investment instruments. Hola Prime only provides an educational environment to traders, including tools, materials and simulated trading platforms which have data feed provided by Liquidity Providers. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.
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